One of our key focuses at MSP is to build on our existing activity in Oxford, we feel it’s a natural progression for us and an exciting growth market to focus on in 2021.
Say the word: ‘Oxford’ and it conjures up a different image for everyone. Historic architecture meets world-class innovation, classic odes combine with fresh rituals and viewpoints. It’s a city of contrasts surrounded by an air of opportunity. Especially for developers.
After completing a successful project just outside the city with one of our valued clients, it seems like such a natural progression for us to extend the MSP experience on a wider scale and we’re excited to pursue this further in 2021 …
Why does Oxford feel like a natural progression for MSP, now more than ever before?
Despite the marketplace for apartments still being strong, one aspect of living that Covid-19 has flagged up is the need for space at home, both indoor and outdoor. The country has seen a rise in larger houses being bought to suit couples and families in the instance of another lockdown. The land surrounding any commuter belt city or town is always in strong demand and Oxford, with its quick links to London has always been on our radar as it’s also not a million miles away from our base in Dorset.
This proximity is essential; as many of you already know, we love taking a hands-on approach with our clients, we always show a keen interest in each and every development by undertaking regular site visits. It’s through doing this that both parties know that our goals are perfectly aligned to ensure that the property they want to build comes to life. We’ve seen the value of this time and again by merging our experience with each respective client’s goals, we can predict, prevent and navigate our way around potential issues that may arise, as well as assist in spotting potential opportunities that can be maximised.
We pride ourselves on building a core team of experts that can be on hand to advise at any given moment, so by further enhancing our current activities in well-established key locations, we can continue to develop our relationships with existing borrowers and professionals and forge contacts with new clients, solicitors, accountants and brokers. This in itself opens up a wide level of new opportunities, the benefits of which we can pass on to our clients.
This worked seamlessly with one of our valued clients, Lynda King, and her company By Degrees 2 Ltd. Read here to find out how our assistance stepped in when her finance provider ceased trading and our appetite to lend secured the development and completion of three individual family homes in 2020.
With the market moving forwards in a strong manner; people still capitalising on the Government’s momentary ban on Stamp Duty and developers looking to provide new homes that meet the current demand within Rishi Sunak’s provisions of new homes within the next three years now is the time to extend horizons and take the MSP experience to a wider level.
So why Oxford? Let’s dig deeper into why this city should be a high priority on your list …
The property market in Oxfordshire is underpinned by the City of Oxford with its historic universities, good communication links to London and the Midlands, and within easy access to the picturesque Cotswolds.
The average price for property in Oxford stood at £518,284 in December 2020. This is a rise of 2.47% in the last three months (since September 2020) and a rise of 9.74% in the last 12 months. In terms of property types, flats in Oxford sold for an average of £334,789 and terraced houses for £469,301 (Zoopla).
Oxford also has a broad economic base with strengths in motor manufacturing, education, publishing, and a large number of information technology and science-based businesses.
Dig deeper and you can see that the Oxford investment property market is thriving and varied. Over in East Oxford, the student-let market is strong, with many Victorian terraced houses off the Cowley Road in continual occupation. North Oxford is historically wealthier, with many large single-family houses and when you look to the suburbs and surrounding villages, you again see room for growth, expansion, and impact in a vibrant and buzzing part of the country.
With stringent planning permissions in place to ensure that the city grows in a manner that honours its past, MSP Capital is positioned perfectly to execute and deliver strategic finance solutions to ensure that visions and ambitions can be brought to life.
If you’re considering your next steps for 2021 feel free to give us a call to talk through ideas in Oxford and the south. We’re here with an appetite to lend and a solution-focused mind to ensure you make the most from your future investment.