The latest analysis reveals that the most expensive street to purchase a house in the United Kingdom is not located in London, but rather in Oxford. According to data from Mortgage Lane, Charlbury Road boasts an astonishing average house price of £6.68 million, a figure that eclipses many prestigious areas in the capital.
Despite London’s reputation for high property prices, average sales in the capital were noted at £660,975 over the past year, as reported by Rightmove. The breakdown of prices includes flats averaging £531,115, terraced properties at £741,630, and semi-detached homes at £764,010. Interestingly, these figures reflect a decline in historical sold prices, which were down by 8% from the previous year and 10% from their peak of £735,620 in 2023.
Oxford’s Rising Property Values
In contrast, Oxford’s average property price stands at £560,288, according to Rightmove. The city has seen a similar trend of declining prices, with a 5% drop compared to last year and a 7% decrease from its 2023 high of £603,829. The majority of homes sold in Oxford during the last year were terraced, averaging £529,581, followed by semi-detached houses at £598,336 and flats at £347,041.
The findings from Mortgage Lane highlight the exceptional value of Charlbury Road. This street combines historical charm with green surroundings and is in close proximity to renowned academic institutions, making it a highly sought-after residential address.
Among the notable properties on Charlbury Road is a nine-bedroom detached house, built in 1908, currently on the market for £7.95 million. The estate features a ballroom and drawing room, described as “an impressive detached house with appealing mature gardens.” The listing on Zoopla emphasizes the property’s retained original features, including an elegant wide staircase, high ceilings with cornicing, fireplaces, wooden flooring, and striking stained glass windows.
A unique aspect of this property is the first-floor ballroom, which has ornate ceilings, a fireplace, and large bay windows. Originally designed for the home’s first owner, the ballroom has been complemented by a library on the ground floor, now divided into two en suite rooms.
The lowest-priced house currently available on Charlbury Road is listed at £2.15 million. This four-bedroom property requires complete renovation and is located on the preferred west side of the road. It offers 2,110 square feet of accommodation over two floors, including a garage, an entrance hall, a study, a sitting room, and a kitchen/breakfast room along with a utility room.
Charlbury Road’s status as the UK’s most expensive street underscores a shift in the property market, demonstrating that high-value real estate can exist outside of traditional hotspots like London. As demand for prestigious addresses in historic cities grows, Oxford stands out as a significant player in the UK housing landscape.
