House prices in OX7 3 (Charlbury)

This article reveals price per square metre data and various charts to help you understand current housing market in 'OX7 3' (Charlbury, Chipping Norton) - statistics were last calculated on 30 August 2024.


Defining 'OX7 3'

This analysis is limited to properties whose postcode starts with "OX7 3", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Charlbury.

You can click on the map to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

Price per square metre

Knowing the average house price in Charlbury is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. Mozart, 101, High Street, Charlbury, Chipping Norton, sold for £748,500 on Jul-2024. Given the internal area of 182 square metres, the price per sqm is £4,112.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £5,250-£5,500, £5,500-£5,750, £5,750-£6,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 103 sales in Charlbury (OX7 3) that took place in the last two years.

Distribution of £ per sqm for Charlbury, Chipping Norton
Distribution of £ per sqm house prices in Charlbury

Generate a custom chart like the one above but based on your own criteria.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Charlbury (OX7 3). Of the 103 transactions, half were sold for between £3,890 and £5,610 per square metre. The median, or 'middle', price per square metre in 'OX7 3' is £4,720. Notably, only 25% of properties that sold recently were valued at more than £5,610 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Charlbury, Chipping Norton

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Chipping Norton. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

Property price heatmap for Charlbury
House price heatmap for Charlbury, Chipping Norton

Comparison with neighbouring postcode sectors

The table below shows how 'OX7 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
OX7 3 Charlbury £3,890 sqm £4,720 sqm £5,610 sqm
OX7 7 Middle Barton £3,310 sqm £3,710 sqm £4,350 sqm
OX7 6 Milton Under Wychwood £3,940 sqm £4,810 sqm £5,860 sqm
OX7 5 Chipping Norton £3,450 sqm £4,140 sqm £4,740 sqm
OX7 4 Enstone £3,910 sqm £4,340 sqm £5,280 sqm

Will Chipping Norton house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for OX7 3 (Charlbury) compared with both the wider area OX7 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Historic price per square metre in Charlbury,Chipping Norton
House price trends for Charlbury

Download time series data as CSV (paying users only).

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Most recent OX7 3 sales
Recent trends for Charlbury

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Chipping Norton to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Chipping Norton and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

Street level data

Street Avg size Avg £sqm Recent sales
Hill Crescent, Charlbury, OX7 3B 76 sqm £3,439 16
The Green, Charlbury, OX7 3Q 85 sqm £4,225 9
Enstone Road, Charlbury, OX7 3Q 97 sqm £4,300 9
The Slade, Charlbury, OX7 3S 111 sqm £3,971 9
Market Street, Charlbury, OX7 3P 149 sqm £5,243 9
Woodfield Drive, Charlbury, OX7 3S 98 sqm £3,873 8
Elm Crescent, Charlbury, OX7 3P 100 sqm £4,295 8
Ticknell Piece Road, Charlbury, OX7 3T 92 sqm £4,397 8

Search for your street here.

Raw data

Our analysis of Charlbury is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address Paid sqm £/sqm
Mozart, 101, High St, Charlbury, Chipping Norton £748,500
Jul-2024
182 4,112
42, Hughes Close, Charlbury, Chipping Norton £270,000
Jul-2024
54 5,000
5, Council Houses, Charlbury, Chipping Norton £380,000
May-2024
97 3,917

See the entire list of all sales in Charlbury (OX7 3) here.

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.