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7/29/2019 JDW Oxford Newsletter
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Oxord Newsletter
It seems like an age ago now but we had
a wonderul Christmas. All the demons
threatened in 2009 ailed to mater ialise
and somehow 2010 did not seem quite
as daunting as it might have done and
then it snowed, wreaking havoc across
the county and with our New Years
resolutions (I promise never to sneer at
4 x 4 again).
Snow still lingering, property prospects
or 2010 look encouraging, at least in thefrst quarter o the year. Oxord and
its immediate environs rom Chipping
Norton to Wantage, Chinnor to Burord,
remains a highly popular destination or
house buying and rental as can be seen
rom the commentaries inside driven
by aspirational parents (surely all cannot
want to be like Jeremy Clarkson?), good
schooling and accessibility to London and,
increasingly, the Midlands.
With an election looming and the tempobetween the parties increasingly strident
it is good to remember that whatever the
weather ahead, property is still as sae a
bet as ever provided the loan to asset ratio
is kept in check, and it seems unlikely the
banks will get carried away again in the
short term.
With more buyers than houses to sell and
no lack o demand to rent, we mused on
the reasons or coming to the market.
Trading up, divorce and bereavement
were the avourites, leading some wag to
remember the old Tudor adage (Divorced,
Beheaded, Died...). We may be good, butbeheading to boost our book is perhaps a
little extreme.
Whether the tweenies, teensies or tenses,
welcome to 2010 the NEW decade.
New-Fashioned.
You may have seen our new corporate
advertising campagin which has appeared
in The Oxord Times, Oxordshire Lie,
Vogue, Tatler, Country & Town House, The
Times, London Evening Standard and otherregional newspapers and magazines. We
have received a antastic response with
enquiries through our website up by 25%.
Spring 2010 www.johndwood.co.uk
The complete property service or Oxord - Residential Sales, Lettings, Valuations and Agriculture
A welcome to the new decade from Nicholas Hextall FRICS
and the Oxford team.
NEW-FASHIONED.
Some estate agents hide behind a
wall of sharp suits and tall stories.
At John D Wood & Co. traditional
values and a straight-talking approach
go hand in hand with 21st Century
innovations. Thats why were
different and why our
clients trust us.
Sold in Oxford Let in Oxfordshire
7/29/2019 JDW Oxford Newsletter
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Lettings01865 311522 [email protected]
Stephanie Judd
Negotiator
Kate Sinclair
Negotiator
Jackie Smith
Associate
Rebecca Priestley
Lettings Manager
Simon Merson mricS
Associate Director
There are new opportunities or investors as demand
rises or good quality rental properties in and around
Oxord writes Rebecca Priestley.
So ar in 2010, we have noticed distinct shits
in the market. First, it has become obvious
that there are now new opportunities or
investors. Unusually at this time o year, there
is an imbalance o property and applicants,
a dire undersupply o good quality property
and strong demand rom an unusually active
applicant base. It used to be the case that
the lettings market was par ticularly quiet in
the winter months. This year seems to be
quite dierent. The highest demand is or
a typical buy to let apartment with one ortwo bedrooms in the price bracket rom
800 - 1200 per calendar month both in
and around Oxord.
However, compared with this time last
year, the number o appraisals carried out
has dropped 50%. We thereore advise
those thinking o buying or investment or
considering letting their existing property
not to put o their decision but to come to
the market sooner rather than later. With
the lower interest rates, most o our investor
landlords are indicating that their rent is
sufcient to cover their outgoings and that,
as in the past, owning a property portolio
is now a fnancially benefcial proposition.
There is growing confdence in the rental
market, with not just the accidental Landlord
coming rom the sales market, as happened
last year, nor the Landlord wanting to make
money quickly rom a rental property, but
more with the sector being dominated by
the proessional Landlord - the long term
investor with an increasing portolio.
We are ortunate in our Oxord ofce in
having a busy and successul residential sales
department whose potential buyers look
to us to help with their search in buying to
invest. Some are even buying their perect
property to move into in 5-10 years time.
In the interim, we secure a let or them.
The other signifcant shit in the rental market
has been in corporate relocation. We have
a strong relationship with the relocation
companies covering Oxordshire and wordis that though international corporate
moves o senior executives are still down,
there has been a noticeable rise in demand
rom UK residents. In particular Londoners
are urgently looking or country houses to
rent now, both pending fnding the right
place to buy and also or regular weekend
use. Budgets or this type o house are
high anything up to 10,000 per calendar
month and the demand is or both urnished
and unurnished property.
It is apparent that both tenants and
landlords contact John D Wood & Co. due
to our reputation and our strong brand.
Our traditional values go hand-in-hand
with modern innovation. This year will see
us moving to a secure on-line system so that
our clients can access their own accounts
and documents, making our service that
much more efcient and eective - most
important or those landlords who are
overseas.
Source o Applicant
Source o Landlord
Website
8% Advertising
32%Boards
8%
Local
Newspapers
8%
Existing
Clients
9%
Sales Ofce
17% Recommendation
17%
Boards
1%
Direct
52%
Reerrals 3%
johndwood.co.uk
11%
Other
Websites
9%
Newspapers 3%
7/29/2019 JDW Oxford Newsletter
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A year seems to be a very short time in
property. It was only twelve months ago
that we were looking into 2009 with a
sense o trepidation and anxiety uelled by
the fnancial turmoil o the preceding year.
How dierently it all turned out low
stock, cheap mortgages and buyers in depth
helped the market in Oxord to stage an
astonishing recovery with some sale prices
even exceeding 2007 levels. As we look
into the year ahead we have one certainty
- a General Election combined with a new
top rate o tax (50%) and increased National
Insurance contributions coming into eect in
April. It is oten said that a looming election
never causes too many ripples in our market
but a change o Government? only time
will tell. Given the evidence o just January
alone it appears the Oxord city market
appears to have lost none o its appetite
o last year with very good numbers o
applicants registering particularly at the
top end. The country market took a while
to fnd its eet last year and really only got
going shortly beore the schools broke up
or the summer. Many potential vendors
took the view that the market was not
sufciently robust or them to put their
properties up or sale. This year we are
advising all potential vendors whether city
or country, to come to the market as soon
as is practically possible. Whilst colour in the
garden with warm days when the seasons
change is important, we believe it will be
fnancially advantageous to come to the
market beore the election rather than ater.
I your buyer likes your house in February/
March then they will love it in the better
weather o May/June. Remember a log fre,
heating and attractive lighting can be just as
appealing at this time o year.
We have a well-worn phrase which is
- the right price and the right marketing
produces the right result. Our market is
now so reactive, in that potential buyers
respond to e-mail alerts or new properties
so promptly, that three to our weeks o
being on the market with ull exposure gives
you a very clear indication o how well the
property is being received. Today, buyers are
a very proessional bunch with a vast arrayo internet sites available with inormation
on prices paid in the area, s per sq t., etc.
and they will not be ooled into paying more
than they should.
So or practical, honest advice do call us and
we would be delighted to come to see you.
William Kirkland
Associate Director
Simeon Spencer
Assistant Manager
Guy Shaw
Negotiator
Pamela Tingay
Administrator
Residential Market Review by William Kirkland.
Sales01865 311522 [email protected]
Wantage For Sale Guide Price 1,695,000
Some recent successes...
Sold in Burcot
Sold in Middle Barton
Sold in Wheatley
7/29/2019 JDW Oxford Newsletter
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The main discipline practiced by our
Proessional Department in Oxord is
valuation, rom which leads a multitude o
ollowing business. An art not a science
although an increasingly demanding science
in this litigious age we value everything
rom smallholding to great estate or sale,
probate, divorce, inheritance tax and even
comort. Increasingly in this day and age,
people want to know where they are so
they can make plans.
The essence o all valuation is comparable
evidence which or houses in the city or
villages are easy to fnd, but arms and
estates and o-lying blocks o land are more
difcult to quantiy.
2009 was a good year or comparables on
the agricultural side, with the department
oering and successully selling a number
o attractive small arms and blocks o land
around Oxord, giving us a good database o
value or the year ahead.
Most popular prove to be the armhouse
with between 20 and 50 acres, as evidenced
by the sale o Stones Farm, Wootton
(armhouse and 40 acres) just below Boars
Hill; Stanord Park House at Stanord-in-the-
Vale (armhouse and 44 acres); Manor Farm,
Lower Arncott (armhouse and 160 acres);
Rectory Farm, Oddington (armhouse and
20 acres) near Islip and South Hill Farm,
Long Compton (two houses and 167 acres).
There is still a demand or bare land, mainly
o interest to the adjacent armer who tends
to measure lie in generations rather than
years and will do almost anything to raise
the unds (normally through the Agricultural
Mortgage Corporation) to buy the block
adjacent, as in land at West End Farm Merton
(527 acres) and land at Worminghall (250
acres).
Demand or these properties continues to
be high, particularly within twenty miles o
Oxord city centre. One in three o our
applicants, i not looking or a North Oxord
house, is interested in a house with a bit o
land or a small arm.
So whether buying or selling or just plain
curious, do call our specialist team and
we will be delighted to drop by on a no
obligation basis to talk things through with
you. Just call 01865 511215 to make an
appointment.
William Tuckett
Assistant
William TwiddymricS
Associate
Nicholas Hextall fricS
Director
Melanie Treacher
Administrator
London Ofces
Battersea, Belgravia, Chelsea, the City, Fulham, Kensington, Primrose Hill, Richmond, South Kensington, Wandsworth, Wimbledon.
Country Ofces
Chelmsord, Cobham, Esher, Lymington, Oxord, Weybridge. Associated ofces throughout the south o England.
Valuation. An art not a Science, or a mixture o
the two? Nicholas Hextall FRICS ponders the question.
Agriculture/Proessional01865 511215 [email protected]
Some Recent Agricultural SalesRecent Farm Sales...
Worminghall, Buckinghamshire
Stanford-in-the-Vale, Oxfordshire
Oddington, Oxfordshire
Lower Arncott, Oxfordshire