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New Oxford Parkway station on track for much-anticipated opening
October 20, 2015Article by Clare Moorhouse
Next week will see the much-anticipated opening of the new Oxford Parkway train station, north Oxford’s transport hub that will offer an alternate and fast route to London.
On 26th October 2015, Oxford Parkway will be one of the best located stations in the county due to its positioning adjacent to the existing Water Eaton Park & Ride site just off the A34 and close to the A44.
The new rail link will cut journey times from Oxford to London Marylebone down to just 60 minutes spelling great news for commuters into the capital. The opening will also be welcomed by residents and investors at Property Frontiers’ completed and now tenanted development at Lakesmere Mews, Kidlington, located just 10 minutes from the new station.
Local estate agents have already predicted price rises in the area due to the much-anticipated opening of Oxford Parkway. Chris Dixey, Sales Manager of Breckon and Breckon – one of Oxford’s leading estate agents comments: “It’s not a question that a huge amount of people are moving because of the railway station. What has pushed prices up is investors buying. For example two to three-bedroom flats for £200,000 have gone up to £250,000, £275,000 in price”.
The station is part of Chiltern Railways’ £130 million ‘Evergreen Three’ project to create a rail link between Oxford and London Marylebone via Kidlington, Bicester and High Wycombe, and is part of a larger £290m scheme to re-open the East-West rail link from Reading to Bedford via Oxford, Bicester Town and Milton Keynes.
Ray Withers, CEO of Property Frontiers, comments: “As soon as the plans for Oxford Parkway were unveiled, savvy property investors and developers were looking to be part of the area’s regeneration. This is exactly why we choose the buy-to-let opportunity at Lakesmere Mews in Kidlington due to its close proximity to the new station.
The station opening is going to be a real asset to local residents, as well as businesses in and around North Oxford.”
The two storey gated development at Lakesmere Mews comprises 22 luxury apartments, and is located just 10 minutes from the Oxford Parkway Station site, making it the perfect location for both local workers and those commuting to London. Investors at Lakesmere Mews will have already achieved strong capital growth for their investment in addition to annual yields of around 6%.
To request further information about other forthcoming UK buy-to-let opportunities that offer excellent capital growth, contact our Investment team on +44 1865 202 700.