Key indicators for buyers
The OX16 market is moderately favourable for buyers. Prices have softened (-16.8%), which could present a buying opportunity. Affordability has improved from a peak of 10.7x in 2021 to 9.3x today. Rising rents (£1,288/mo, +5.3%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Cherwell area
A home in Cherwell costs 9.3x the local median salary — stretched, improving from a peak of 10.7x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Cherwell area
Average monthly rent in Cherwell is £1,288, up 5.3% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Cherwell price of £282,605 with a 25% deposit (£71k), a 2-year fixed mortgage at 3.97% costs around £1,115 per month.
Monthly cost comparison based on current data
Uses OX16 avg. price with Cherwell rental data
Monthly mortgage payments (£1,115) are £173 less than renting (£1,288). However, buying requires an upfront deposit of £71k — it would take around 7 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
7, CHACOMBE CRESCENT OX16 2DP | Detached | £350,000 | 22 Jan 2026 |
90, BROUGHTON ROAD OX16 9QQ | Terraced | £250,000 | 21 Jan 2026 |
50, GLYNDEBOURNE GARDENS OX16 1XW | Semi-detached | £187,000 | 19 Jan 2026 |
67, NEITHROP AVENUE OX16 2NT | Semi-detached | £275,000 | 16 Jan 2026 |
109, BLOXHAM ROAD OX16 9JT | Semi-detached | £387,500 | 16 Jan 2026 |
67, SPENCER COURT, BRITANNIA ROAD OX16 5EZ | Flat/Maisonette | £65,000 | 16 Jan 2026 |
43, FOSCOTE RISE OX16 9XS | Detached |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in OX16 sold for £282,605 in 2026, with a median of £250,000 across 19 transactions. Prices fell 16.8% compared to the previous year.
| £425,000 |
| 15 Jan 2026 |
40, PADBURY DRIVE OX16 4QT | Terraced | £320,000 | 14 Jan 2026 |
UNIT F, 47, BROAD STREET OX16 5BT | Other | £225,000 | 13 Jan 2026 |
30, WESTBEECH COURT OX16 9RY | Flat/Maisonette | £197,500 | 12 Jan 2026 |
64, SPRINGFIELD AVENUE OX16 9JB | Terraced | £300,000 | 9 Jan 2026 |
81, WALLER DRIVE OX16 9NS | Detached | £465,000 | 9 Jan 2026 |
13, ANGUS CLOSE OX16 1UQ | Terraced | £250,000 | 9 Jan 2026 |
8, WHEATLEY CLOSE OX16 9TH | Detached | £470,000 | 9 Jan 2026 |
90, GRANGE ROAD OX16 9AU | Detached | £422,500 | 8 Jan 2026 |
102, DANESMOOR OX16 1QE | Terraced | £235,000 | 8 Jan 2026 |
2, FORSYTHIA WALK OX16 1YR | Semi-detached | £205,000 | 6 Jan 2026 |
BANBURY CAR CLINIC, WORKSHOP REAR OF 28, LOWER CHERWELL STREET OX16 5AY | Other | £170,000 | 5 Jan 2026 |
52, ALMA ROAD OX16 4RQ | Flat/Maisonette | £170,000 | 5 Jan 2026 |
35, DEVON WAY OX16 1UJ | Terraced | £210,000 | 22 Dec 2025 |
The most recent recorded sale in OX16 was a detached property on Chacombe Crescent for £350,000 in January 2026. Across the last 20 sales, the median price was £250,000.