A new train station near Oxford will allow commuters to travel from Water Eaton to London in only 58 minutes. Kirtlington, Noke and other lovely towns and villages north of Oxford will also benefit from the new service.
People in the know are already on the hunt for property in these destinations. Chiltern Railways will begin running 58-minute services from Water Eaton in 2015. At present commuters who live north of Oxford must either drive to the congested city centre (and pay for petrol and parking) or take a park-and-ride bus in order to take a train to Paddington.
The existing journey also takes just under an hour but bus or car travel from Water Eaton into the city adds another half an hour. Season ticket prices for the new service have not yet been confirmed.
“The service will make things a lot more convenient for quite a large catchment area,” said Kevin Newton, a partner at Brookwood Estate Agents. He is based in Kidlington, a large village near Water Eaton and close to where Richard Branson owns a £7 million mansion.
Newton says the advantages of Kidlington are its well-stocked high street and schools: Gosford Hill School (seniors) is rated “good” by Ofsted.
The disadvantages are that most of Kidlington is not particularly good looking. The exception is the sought after old town, where you could buy a two-bedroom stone cottage for £200,000 to £300,000, a four-bedroom detached cottage from £400,000 to £500,000 or up to £1m on a five to six-bedroom family house with large gardens.
The new train link will also shine a spotlight on villages like Islip, on the River Ray and around three miles from the new station. The village has two pubs and a shop and has picturesque thatched cottages for around £350,000 or barn conversions for around £800,000.
Another option is Kirtlington, which sits between the new station and Oxford, and is an extremely pretty village with its own polo club, two pubs, a school, shop and an annual Morris dancing festival.
You could buy a historic farmhouse with five bedrooms for just under £1m or a town centre cottage with three bedrooms for around £450,000.
Alistair Redhouse, director of Alistair Redhouse Estate Agents, says he has already noticed increased interest in property near the new station.
“Investors from Oxford have seen its potential,” he said. He tips the small village of Noke, set in stunning Oxfordshire countryside, where you could buy a three-bedroom Victorian house for around £300,000 or a 17th century farmhouse with four bedrooms for around £400,000.