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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.

North Oxford Roadworks – Roundabout Improvements

North Oxford Roundabout New Road Works

As the programme of road improvements around Oxford continues, Finders Keepers has been informed that the next stage of works will be to improve the Cuttslowe roundabout on the Banbury Road and the Wolvercote roundabout on the Woodstock road in North Oxford.

The road works will start on 20th July 2015 and are scheduled to run for 70 weeks, causing significant disruption for the duration. However, the decision to improve both roundabouts at the same time should reduce disruption in the long run.

Large scale infrastructure projects often have a knock on effect on the local rental market and in this case we would expect to see an increase in demand in OX2 inside the ring road in the short term.

“Access into Oxford city centre is always a factor our tenants take into account when choosing a property to rent, as commuting can be difficult with long journey times over just a few miles. While the works take place it will add more stress to an already strained system, which could drive more people to rent closer to the city centre,” says Office Manager Ben Procter.

The rental market in Oxford is very fluid by nature and responds to changes very quickly. Once completed, the road works are forecasted to ease congestion and reduce journey times for commuters. Looking ahead, Ben said:

“This will make it desirable for people to rent outside of Oxford, possibly stabilising demand and prices within the ring road. The road improvements may also increase the demand for rental properties in areas such as Kidlington, especially with the opening of the new Oxford Parkway train station.”

We would love to hear your thoughts on the up-coming road works. How do you think it’s going to affect the local area? How are you going to minimise the disruption to your journey into Oxford?

More information on the road works can be found on the Oxfordshire County Council website here.