Faringdon

Area Guide For Faringdon

Faringdon is a market town in the Vale of White Horse, Oxfordshire, England. It is on the edge of the Thames Valley, between the River Thames and the Ridgeway. It was part of Berkshire until the 1974 boundary changes transferred it to Oxfordshire. The civil parish is formally known as Great Faringdon, to distinguish it from Little Faringdon in West Oxfordshire. On 1 February 2004, Faringdon was granted Fairtrade Town status, becoming the first Fairtrade Town in the South East of England. In 1990, the town was twinned with Le Mans-sur-Sarthe in France. Faringdon is the base for the Faringdon Enterprise Gateway, which is run by the South East England Development Agency to help and advise businesses in rural west Oxfordshire. The name Faringdon means fern covered hill. The Anglo-Saxon kings of Wessex and later England had a palace located in Faringdon However, claims that King Edward the Elder died there are misguided. The town was granted a weekly market in 1218. The weekly market is still held today. King John also established an abbey in Faringdon in 1202, (probably on the site of Portwell House)but it soon moved to Beaulieu in Hampshire. The Church of England parish church of All

 
 

Faringdon Map

Estimated Price: £318,076
Average Asking Price: £417,324
Price change in last one year: £15,667
Average Price Paid: £273,250
Average Rent Rates: £1,515

 
 

Property Prices Breakdown in Faringdon

Average Price for property in Faringdon is around £318,076 which varies based on type of property you are interested in and ranges from £471,297 for detached house to around £264,648 for semi-detached. Similarly terraced house is around £213,619 and a flat is worth £154,546. Values have been changing and have risen £344 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £276 in last 6 months, £15,667 in last 1 year, £26,252 in last 2 years, £31,203 in last 3 years, £28,942 in last 4 years and £31,214 in last 5 years.

Currently average asking price of a property in Faringdon is around £417,324 based on approximately 231 properties for sale. Same is the case with rental options based on 15 properties up for rent, average asking rent is around £1,515 per month.

Estimated property value in Faringdon is £318,076. Average asking price is £417,324 while average price paid is £289,031 which is up by £15,667 and Avg. asking rent £1,515.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 Faringdon area. In last 1 year alone average price buyer paid is around £289,031 based on approximately 231 sales in Faringdon area alone. If you compare it to last 3 years sales of 611 properties where buyers paid around £279,633. 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 £273,250 for 1,043 and average amount paid for purchase of approx. 1,355 properties sold in last 7 years comes to about £267,745 per sale.

 
 

Properties For Sale in Faringdon

 
 

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 £165,000, £240,632 for a 2 bedroom house, £390,000 for a 3 bedroom house, £505,000 for a 4 bedroom house and £903,749 for a 5 bedroom house. For a flat similarly the prices varies from £105,500 for a single bedroom to £120,500 for a 2 bedroom Flat. To sum up the asking prices for properties in Faringdon it comes to around average £120,375 for 1 bedroom property, £222,150 for 2 bedroom, £390,000 for 3 bedroom, £505,000 for 4 bedroom and £903,749 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 £750 for 1 bedroom to £774 for 2 bedroom, £1,001 for 3 bedroom and £1,400 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £687. You should be generally be expecting around average £750 rent per month for single bedroom property, £730 for 2 bedroom, £1,001 for 3 bedroom and approximately £1,400 for 4 bedroom property in Faringdon area.

Popular Houses in Faringdon

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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