Witney

Area Guide For Witney

Witney is a town on the River Windrush, 12 miles (19 km) west of Oxford in Oxfordshire, England. The place-name 'Witney' is first attested in a Saxon charter of 969 as 'Wyttannige' it appears as 'Witenie' in the Domesday Book of 1086. The name means 'Witta's island'. The Church of England parish church of St Mary the Virgin was originally Norman. The north porch and north aisle were added in this style late in the 12th century, and survived a major rebuilding in about 1243. In this rebuilding the present chancel, transepts, tower and spire were added and the nave was remodelled, all in the Early English style. In the 14th century a number of side chapels and some of the present windows were added in the Decorated style. In the 15th century the south transept was extended and the present west window of the nave were added in the Perpendicular style. The tower has a peal of eight bells. Holy Trinity parish church in Wood Green was built in 1849 in the Early English style. Both St. Mary the Virgin and Holy Trinity are now members of a single team parish. Witney Market began in the Middle Ages. Thursday is the traditional market day but there is also a market on Saturday. The

 
 

Witney Map

Estimated Price: £361,386
Average Asking Price: £424,151
Price change in last one year: £43,756
Average Price Paid: £275,786
Average Rent Rates: £1,502

 
 

Property Prices Breakdown in Witney

Average Price for property in Witney is around £361,386 which varies based on type of property you are interested in and ranges from £512,609 for detached house to around £310,987 for semi-detached. Similarly terraced house is around £283,520 and a flat is worth £200,148. Values have been changing and have risen £6,685 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £17,731 in last 6 months, £43,756 in last 1 year, £52,038 in last 2 years, £54,357 in last 3 years, £63,340 in last 4 years and £61,945 in last 5 years.

Currently average asking price of a property in Witney is around £424,151 based on approximately 746 properties for sale. Same is the case with rental options based on 99 properties up for rent, average asking rent is around £1,502 per month.

Estimated property value in Witney is £361,386. Average asking price is £424,151 while average price paid is £299,939 which is up by £43,756 and Avg. asking rent £1,502.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 Witney area. In last 1 year alone average price buyer paid is around £299,939 based on approximately 746 sales in Witney area alone. If you compare it to last 3 years sales of 2,184 properties where buyers paid around £286,544. 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 £275,786 for 3,671 and average amount paid for purchase of approx. 5,006 properties sold in last 7 years comes to about £266,190 per sale.

 
 

Properties For Sale in Witney

 
 

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 £181,656, £256,640 for a 2 bedroom house, £373,012 for a 3 bedroom house, £483,787 for a 4 bedroom house and £667,448 for a 5 bedroom house. For a flat similarly the prices varies from £171,980 for a single bedroom to £210,520 for a 2 bedroom Flat. To sum up the asking prices for properties in Witney it comes to around average £175,205 for 1 bedroom property, £236,745 for 2 bedroom, £373,012 for 3 bedroom, £483,787 for 4 bedroom and £667,448 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 £727 for 1 bedroom to £899 for 2 bedrooms, £1,138 for 3 bedrooms, £2,288 for 4 bedrooms and £2,422 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £684. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £845. You should be generally be expecting around average £702 rent per month for single bedroom property, £873 for 2 bedroom, £1,138 for 3 bedroom, £2,288 for 4 bedroom and approximately £2,422 for a 5 bedroom property in Witney area.

Popular Houses in Witney

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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