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Under the skin of the letting market

Here we share news and views on both the local letting market in & around Oxfordshire and all planned and recent legislation.

Anticipation reaches fever pitch over Oxford Parkway development

Last winter heralded the beginning of what is to be an exciting development in north Oxfordshire. We saw the demolition of the Water Eaton grain silo, which for many years has greeted commuters travelling into Oxford from the north. It signals the commencement of building works by Chiltern Railways on the new rail route from Oxford to London. The new line will connect Oxford with Bicester and London Marylebone. This will be the first new station to be built in Oxfordshire in over 78 years and is due for completion in summer 2015

The new station – to be named Oxford Parkway – located between North Oxford and Kidlington, off the A34 will provide a direct link into London Marylebone station. Once completed it will be one of the best located stations in the county due to its proximity to the Water Eaton Park and Ride, and the A34 and A44. There are already excellent bus links from the Water Eaton Park and Ride to Kidlington, North Oxford and the hospitals. The station and its 800+ space car park will offer an alternate and fast route to London avoiding the M40 and aims to reduce traffic through the Reading and Paddington stations. Commuters travelling to the new station would be able to avoid traffic going through the city centre and relieve pressure on the Oxford city station parking.

“The name Oxford Parkway reflects the fact that this station will serve the entire city and much of the surrounding countryside. Once opened in summer 2015, the new line will allow those travelling to London to avoid the congested city centre, park easily and get there faster. This is going to be a real asset to the local people and businesses in and around Oxford”. Thomas Ableman, Commercial Director Chiltern Railways.

water eaton station 2

Artists impression of the Oxford Parkway development – Chiltern Railways

The Oxford Parkway station has created feverish anticipation in the property market and attracted interest from investors all over. The location of the new train station makes Kidlington an ever more attractive area to live. The area is ideally located near commuters’ route and is only a 20 minute drive to Oxford city centre. Property in Kidlington has been relatively affordable in comparison to other areas of the city but with these new transport developments it is unlikely to remain the case for much longer. Already a large proportion of the Oxfordshire workforce commute into the city, with the additional interest from commuters travelling to London and restrictions on places to build new property it is likely that house prices in the area will continue to boom. Now is a very exciting time to invest in an Kidlington postcode, to speak to someone about developments in the area or any other investment contact us on 01865 302311