OX16 1QP is a residential postcode situated on Hearthway, Banbury, OX16 with 33 addresses.
It ranks as the 944th largest and 327th most expensive of the 1,186 postcodes in the OX16 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 33 properties: 18 houses and 15 flats.
OX16 1QP is a residential postcode situated on Hearthway, Banbury, OX16 with 33 addresses.
It ranks as the 944th largest and 327th most expensive of the 1,186 postcodes in the OX16 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 33 properties: 18 houses and 15 flats.
Sale prices range from £104,293 for 1 bedroom leasehold flats (376 ft2) to £252,376 for 3 bedroom freehold houses with a garden (939 ft2) .
Monthly rental prices range from £655 pcm for 1 bed flats to £1,250 pcm for 3 bed houses.
The gross rental yield is between 5.9% and 7.6%.
The average value per square foot is £277.
The last sale in OX16 1QP sold for £225,000 on 9th May 2022. Since then prices are up an average of 3.0%.
The current average value in the postcode is £183,448.
The OX16 1QP Sales Market has increased by 16.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -0.2% | £183,448 |
| April 2025 | 3.6% | £183,834 |
| April 2024 | -1.6% | £177,380 |
| April 2023 | 2.8% | £180,246 |
| April 2022 | 7.9% | £175,333 |
| April 2021 | 3.7% | £162,566 |
| April 2020 | -0.9% | £156,807 |
| April 2019 | -4% | £158,292 |
| April 2018 | 3% | £164,855 |
| April 2017 | 1.3% | £160,004 |
| April 2016 | 7.8% | £157,990 |
| April 2015 | 9.7% | £146,576 |
| April 2014 | 8.6% | £133,656 |
| April 2013 | 2.9% | £123,112 |
| April 2012 | 0.5% | £119,692 |
| April 2011 | 0.1% | £119,104 |
| April 2010 | 7.1% | £119,009 |
| April 2009 | -15% | £111,161 |
| April 2008 | -1.1% | £130,846 |
| April 2007 | 0% | £132,357 |
The current average rental value in the postcode is £995.
The OX16 1QP Rental Market has increased by 42.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.9% | £995pcm |
| April 2025 | 5.6% | £967pcm |
| April 2024 | 8% | £915pcm |
| April 2023 | 8% | £848pcm |
| April 2022 | 8.4% | £785pcm |
| April 2021 | 4.1% | £724pcm |
| April 2020 | -0.2% | £695pcm |
| April 2019 | -2% | £697pcm |
| April 2018 | -0.2% | £711pcm |
| April 2017 | 2.3% | £712pcm |
| April 2016 | 3.6% | £696pcm |
| April 2015 | 4.5% | £672pcm |
| April 2014 | 3.3% | £643pcm |
| April 2013 | 4.6% | £623pcm |
| April 2012 | 2.8% | £595pcm |
| April 2011 | 3.6% | £579pcm |
| April 2010 | 3.2% | £559pcm |
| April 2009 | -8.6% | £541pcm |
| April 2008 | 2.6% | £592pcm |
| April 2007 | 0% | £578pcm |
The last sale was on 9th May 2022 for £225,000 and since then the market in the area has increased by 3.0%. The postcode has had a total of 18 sales since 1995.
OX16 1QP has seen no sales in the last three years and no sales in the last twelve months.
OX16 1QP is the 944th largest and the 327th most expensive postcode out of the 1,186 postcodes in the OX16 area.
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The closest station to OX16 1QP is Banbury station which is 2.2 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around OX16 1QP, 37.4% of property is socially rented and 23.5% is privately owned with a mortgage.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around OX16 1QP, 20.5% of residents are recorded as possessing school level qualifications and 16.0% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around OX16 1QP, the average age was 37.3 and the most common age was 32.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around OX16 1QP, 0.0% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around OX16 1QP, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.