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Oxford Buy-to-Let 2024 Guide

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    Everything You Need to Know About Oxford Buy-to-Let

    Oxford is one of the most picturesque small cities in all of England. This historical area offers one of the top university educations on the planet, idyllic living and huge opportunities in the tech and research sectors.

    But how does Oxford fare for buy-to-let investors?

    Today, we’ll be diving into the Oxford buy-to-let market. Readers can find information on house prices and price growth. Property is considered one of the best things to invest in right now, provided you research the area thoroughly. Therefore, we’ll cover the rental market and expected yields in specific areas. In addition, we’ll compare Oxford with the rest of the country regarding property investment opportunities.

    If you’d like to know more, check out the rest of the Oxford buy-to-let guide below.

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      Oxford Library

      Buy-to-Let Property Prices in Oxford

      As a world-renowned city, Oxford commands significant property prices. According to Rightmove, Oxford is one of the most expensive places to purchase property in the United Kingdom. They put the average Oxford house price at £588,555.

      Rightmove statistics show that the most popular properties in the area are semi-detached homes. These cost, on average, £610,526. Terraced houses sell for around £575,693 on average, while flats still cost a significant £332,300. In addition, Rightmove suggests Oxford property prices are 4% higher than 12 months prior and 8% higher than the recent 2020 peak.

      The HM Land Registry UK House Price Index offers a more modest £482,715 average price in the city. However, it also shows a larger 4.4% price growth from June 2022 to June 2023. In comparison, the United Kingdom’s average property price is only £287,546. These figures mean Oxford houses are 50.7% more expensive than the national average.

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      Buy-to-Let Rental Market in Oxford

      As you would expect, huge Oxford property valuations mean massive rental prices.

      According to housesforsaletorent.co.uk, the average rental price in Oxford is £2,121 pcm. The same database puts the average UK rental price at £1,562 pcm, making Oxford over 30% more expensive for tenants.

      These numbers translate to an average rental yield of 5.3%.

      If we use the Land Registry property price average and housesforsaletorent.co.uk rental average for the United Kingdom, the entire country has a rental yield of 6.5%. Therefore, Oxford rental yields are less attractive than the rest of the nation.

      The Homelet Rental Index puts the South East’s annual rental growth at 9.80%. This is 0.5% less than the UK average.

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      Investment Properties for Sale in Oxford

      There are a range of properties on offer in Oxford, including semi-detached and terraced properties and flats. As mentioned, property prices in this area are significantly higher than in the rest of the UK, so investors are likely to find greater affordability and robust capital growth elsewhere.

      Over the last year, properties in Oxford had an overall average price of £610,526. The majority of these sales were semi-detached properties, which sold for an average of £641,634—terraced properties sold for an average of £575,693, with flats hitting an average of £332,300.

      Overall, sold prices in Oxford were 6% higher than the previous year and 9% up on the 2021 peak of £558,329.

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        Oxford Aerial View

        Buy-to-Let Investment in Oxford: Area Breakdown

        As a property investor, it’s good to compare the property market in Oxford’s numerous districts. You should also consider some of the surrounding villages and settlements in Oxfordshire. This will help you find the best buy-to-let investment opportunities and ensure you achieve your desired rental yield.

        All property prices in this section were found on Rightmove.

        Oxford City Centre

        The city centre is popular with Oxford University students. It also attracts professionals who work in the area. As such, it is set up well for student property investment and more general buy-to-let investment. However, many properties are owned by student accommodation companies or universities. Keep an eye out for a bargain, but expect competition to be high.

        Average Property Prices in Oxford City Centre

        Average property prices in Oxford city centre at £645,653.

        Average Rental Yields in Oxford City Centre

        Average rental yields are 3.6%.

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          Cowley and Cowley Road

          Cowley is an industrial and commercial hub in the southeast Oxford area. The Oxford Business Park is a big employer and attracts huge companies like the NHS, Oxfam, Royal Mail, British Gas and Oxford City Council.

          Cowley Road is one of the cheaper property investment opportunities in Oxford. However, that still translates to a higher average price than the rest of the country. The area was once run-down. However, it is now an up-and-coming residential hotspot. The area is multicultural and known for the Cowley Road Carnival.

          Average Property Prices in Cowley

          The average property price in this area is £458,818.

          Average Rental Yields in Cowley

          Rental yields in this area are roughly 5%.

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          Park Town, Jericho, Summertown and Botley

          Jericho and Park Town are north of the city centre. They are popular and fashionable areas to live in. They boast independent shops, eateries and a good nightlife. As such, the area appeals to students and young professionals.

          Summertown is another upmarket district. It is home to prestigious independent schools and attracts well-off business professionals and academics from Oxford University.

          Botley is a short drive from the city centre. It is considered a mid-upper market area, popular with families thanks to local amenities. It also has good access to the A34.

          Average Property Prices in Park Town, Jericho, Summertown and Botley

          Average property prices in OX2 are £811,042.

          Average Rental Yields in Park Town, Jericho, Summertown and Botley

          Yields in this area are around 3.1%.

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            Oxford University

            Headington

            Headington is the largest suburb in Oxford. It is made up of multiple districts. These include Headington Hills and New Headington. The area has a high street, local amenities and exceptional access to the city centre.

            Headington is popular with families, Oxford Brookes University students and John Radcliffe Hospital employees.

            Average Property Prices in Headington

            Property prices in OX3 are £522,367.

            Average Rental Yields in Headington

            Yields in OX3 are 4.1% on average.

            Oxford street view

            Iffley

            Iffley is a quaint village on the outskirts of Oxford, situated near Iffley Meadows and the River Thames. It is popular with families and professionals.

            Average Property Prices in Iffley

            Average house prices in Iffley are £685,343.

            Average Rental Yields in Iffley

            Rental yields in this region at 3.9%

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              Why You Should Consider a Buy-to-Let Investment in Oxford

              World-Class University City

              The university is one of the main reasons buy-to-let investors put up with high property prices in Oxford. Along with Cambridge, Oxford University is one of the most prestigious universities in the country. Interestingly, it is the oldest university in the English-speaking world.

              Oxford University has over 26,000 students. Oxford Brookes has nearly 17,000 students. The university and student accommodation companies own many properties around the area. That being said, HMO properties may prove popular with students. With high rents and property prices, an HMO could garner a high rental yield and help tenants save money in the area.

              However, Oxford University also serves as a huge tourist attraction. Short-term rental investments could serve this market well and lead to substantial capital appreciation.

              Unparalleled Transport Links

              Oxford offers a fantastic location for commuters who need to access other parts of the country. The city boasts excellent road and rail links. It is close to the M40, A34, A40 and A44. London is only an hour away.

              In addition, new transport links are set to make Oxford even more appealing to tenants. The East-West Rail will connect Oxford with Milton Keynes, Cambridge, Bicester and Bedford. In addition, the Oxford-Cambridge Expressway will connect the city to the M1, allowing commuters more straightforward access to the north.

              Oxford has some potential as a commuter town to London, but other cities have much cheaper property and cost of living. For example, you can find Luton property for sale at a much lower price.

              Fantastic Economy

              The Oxford economy is one of the best economies in the UK. A Demos-PwC report declared Oxford the best city for economic well-being and success.

              While the universities are big employers – Oxford University employs around 14,000 people – the area also attracts well-paying industries.

              These include:

              • Health
              • Education
              • Technology
              • Research
              • Publishing
              modern apartment building in city. front exterior of newly built apartment block with balconies. city living in the UK

              Oxford New-Builds

              There is a chronic undersupply in the private rental sector across the UK, and there aren’t enough available properties to meet demand. Because of this, there have been calls for more new-build properties to help fill this gap.

              Oxford City Council are working on providing new-build housing for the local community through regeneration projects. The area is also popular among private developers, particularly when it comes to new-build housing estates.

              If you’re looking for more diverse investment opportunities, it could be worth checking out Slough or new builds in Luton, as commuter towns closer to London are highly in demand and can offer cheaper property.

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                Off-Plan Property in Oxford

                While investing in new-build properties offers certain advantages, they often come with a higher price tag than older residential properties.

                Off-plan property investment presents a solution for accessing new builds at a more affordable rate. Investors engaging in off-plan purchases commit to a property before its construction completion, typically securing it at a discounted rate compared to market standards. Early involvement can result in substantial capital appreciation at a lower initial investment; its value naturally rises as the off-plan property nears completion.

                Like most new-build investments, particularly in sought-after areas, robust rental demand is promising with off-plan properties, potentially leading to enhanced long-term yields.

                The best off-plan developments are primarily concentrated in key investment hubs such as Liverpool and Manchester. While some off-plan opportunities might exist in Oxford, investors may discover more lucrative prospects elsewhere.

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                Off-Plan vs Completed Property

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                How Does Oxford Compare to Other UK Regions When It Comes to Buy-to-Let?

                While Oxford’s economy and historical heritage are huge in attracting tenants to the area, the Southeast fails to provide the same buy-to-let advantages of more northern parts of the country.

                For instance, the South East is predicted to enjoy a 16.7% capital growth by 2028. However, the North West is set for 20.2% capital growth.

                In addition, property prices are much lower in the North West. Even the big cities like Liverpool and Manchester boast affordable housing prices. Average Liverpool prices are £177,628, according to the UK House Price Index. Meanwhile, Manchester’s prices are slightly more expensive at £233,243. This makes Liverpool 92% cheaper than Oxford. Manchester is nearly 70% more affordable, meaning investors can find buy-to-let properties for sale in Manchester at a much lower price point.

                In addition, both of those cities offer better rental yields. Liverpool offers a 7.77% average rental yield, with some areas promising even higher figures. Meanwhile, Manchester offers rental yields of 9.12% on average.

                If you’re on the lookout for property investment in the South East despite this, it could be worth looking at what is on offer in cheaper towns and cities, such as Reading investment properties.

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                  Want to Invest in Oxford?

                  If you are considering buy-to-let investments in Oxford or further afield, it’s essential to research UK buy-to-let hotspots thoroughly to ensure you’re getting the most out of your investment. Property investment is considered one of the most low-risk investments in the UK, but only if you carefully select a good location.

                  By going for a property in rental hotspots and regeneration zones, investors will have the best chance to enjoy significant capital appreciation. To find out more about the UK’s best buy-to-let locations, take a look at some of our latest insights:

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                  Author

                  Dale Barham

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                  Dale is a property news and onsite content writer at RWinvest.

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