Wallingford is emerging as one of Oxfordshire’s strongest-performing property markets, with house prices in the area rising faster than both Oxford and Greater London over the last five years.
New research commissioned by Berkeley and prepared by PriceHubble and Dataloft shows property values around Berkeley’s Highcroft development (main picture) have increased by 15.1% since 2021, outperforming South Oxfordshire, Oxford, the wider South East and Greater London.
According to the report, local price growth has been five times stronger than that seen across Greater London over the same period. National house prices are also forecast to rise by a further 20.4% by 2030.
The data suggests Wallingford is benefiting from a combination of affordability, connectivity and access to major employment hubs across the Thames Valley.
RENTAL MARKET STRENGTHENING
While demand has helped drive growth, average property prices in the area remain up to 24% lower than Oxford and around 30% below those found in Greater London.
The rental market has also strengthened, with average rents around Highcroft rising by 38% over the last five years.
The development sits within the Oxford-Cambridge Growth Corridor and is close to Didcot Parkway station, offering rail services to Reading, Oxford and London Paddington.
The report highlights that more than 57,000 jobs are accessible within a 60-minute public transport commute, with a third of those positions in scientific, professional, financial and technology sectors.
STRONG PRICE GROWTH
Stephen Kirwan, Divisional Managing Director at Berkeley, says: “Wallingford offers a rare combination of historic market town living, strong connectivity and access to major employment hubs across Oxfordshire, Berkshire and London.
“The report shows that the local area around Highcroft has delivered strong price growth over the past five years, while still offering relative value compared with Oxford and Greater London.
“For buyers and investors, that combination of lifestyle and connectivity with long-term growth potential is increasingly compelling.
“At Highcroft (main picture), we are creating a new community that reflects the character of Wallingford while supporting the area with new homes, green space, education, infrastructure and local amenities.”
Berkeley is delivering 555 homes at Highcroft alongside a new primary school, sports facilities, allotments, public open space and transport improvements.
