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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.

Oxford Parkway Update

Oxford Parkway – Credit Chiltern Railways

The Oxford to London collaboration is well under way with the shell of the new train station building now finished. Oxford Parkway is to be completed at Water Eaton, adjacent to the existing Park & Ride facility and the A4165 Oxford Road.  At present, the construction teams are taking on the inside of the building and this is the next task for Chiltern Railways before they look to officially unveil the new station in the summer of this year.

January 2015

Trains towards Bicester and London are scheduled to be running by the summer of this year with services towards Oxford planned to commence in 2016. The new station building, platforms and a connecting footbridge will be located on the former site of the Water Eaton silo and Hanson’s existing aggregates depot, to the northwest of the existing   Park & Ride.

Water Eaton silo

The government silo from World War II was demolished in October 2013 in order to create space for the new scheme, where Oxford Parkway will now serve Kidlington, north Oxford and nearby villages as well as attracting park-and-ride traffic from the busy A34, A40 and A44 roads.

The Oxford Parkway station will be equipped with 815 parking spaces, 100 cycle spaces in addition to the existing Park & Ride facility, including disabled, short stay and permit holder parking. In order to allow for efficient access, both car parks will be created by upgrading and re-configuring the existing Park & Ride road, as well as extending access on towards the depot.

With the final completion of Oxford Parkway station soon due, there has been much 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 in. The area is ideally located near the commuters’ route and is only a 20 minute drive from 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. Currently 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 rise. 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

You can see how developments have taken shape with this great visual time lapse