Chipping Norton

Area Guide For Chipping Norton

Chipping Norton is a market town in the Cotswold Hills in the West Oxfordshire district of Oxfordshire, England, about 12 miles (19 km) southwest of Banbury. The Rollright Stones, a stone circle 2.5 miles (4.0 km) north of Chipping Norton, is evidence of prehistoric habitation in the area. The town's name means 'market north town', with "Chipping" (from Old English chipping) meaning 'market'. It is not clear what the original Saxon settlement was north of, but John Blair, Professor of Medieval History and Archaeology at the University of Oxford, suggested in 2000 at a lecture in Chipping Norton Town Hall that Charlbury to the south, now a smaller town, was in Anglo-Saxon times a more important minster town and that Chipping Norton's "nor-" prefix refers to this geographical and pastoral relationship with Charlbury. Chipping Norton began as a small settlement at the foot of a hill on which stand the motte-and-bailey Chipping Norton Castle. Only the earthworks of the castle remain. The parish church of St. Mary the Virgin was built on the hill next to the castle. Parts of the present building may date from the 12th century. It certainly retains features from the 13th and 14th

 
 

Chipping Norton Map

Estimated Price: £431,032
Average Asking Price: £412,812
Price change in last one year: £19,082
Average Price Paid: £331,398
Average Rent Rates: £1,916

 
 

Property Prices Breakdown in Chipping Norton

Average Price for property in Chipping Norton is around £431,032 which varies based on type of property you are interested in and ranges from £601,856 for detached house to around £342,679 for semi-detached. Similarly terraced house is around £316,701 and a flat is worth £239,527. Values have been changing and have risen £1,578 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,437 in last 6 months, £19,082 in last 1 year, £30,571 in last 2 years, £37,918 in last 3 years, £50,186 in last 4 years and £52,003 in last 5 years.

Currently average asking price of a property in Chipping Norton is around £412,812 based on approximately 328 properties for sale. Same is the case with rental options based on 44 properties up for rent, average asking rent is around £1,916 per month.

Estimated property value in Chipping Norton is £431,032. Average asking price is £412,812 while average price paid is £355,974 which is up by £19,082 and Avg. asking rent £1,916.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Chipping Norton area. In last 1 year alone average price buyer paid is around £355,974 based on approximately 328 sales in Chipping Norton area alone. If you compare it to last 3 years sales of 995 properties where buyers paid around £331,678. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £331,398 for 1,642 and average amount paid for purchase of approx. 2,178 properties sold in last 7 years comes to about £321,936 per sale.

 
 

Properties For Sale in Chipping Norton

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £157,690, £254,352 for a 2 bedroom house, £366,981 for a 3 bedroom house, £529,788 for a 4 bedroom house and £731,624 for a 5 bedroom house. For a flat similarly the prices varies from £153,914 for a single bedroom to £175,342 for a 2 bedroom Flat. To sum up the asking prices for properties in Chipping Norton it comes to around average £155,488 for 1 bedroom property, £229,896 for 2 bedroom, £366,981 for 3 bedroom, £529,788 for 4 bedroom and £731,624 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £702 for 1 bedroom to £973 for 2 bedrooms, £1,133 for 3 bedrooms, £3,291 for 4 bedrooms and £5,456 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £624. As the no. of bedroom increase so will the rent e.g. for a 3 bedroom flat it will be around £997. You should be generally be expecting around average £663 rent per month for single bedroom property, £973 for 2 bedroom, £1,122 for 3 bedroom, £3,291 for 4 bedroom and approximately £5,456 for a 5 bedroom property in Chipping Norton area.

Popular Houses in Chipping Norton

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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