The impact of the increasing crime rate on property values in Milton-under-Wychwood and Shipton-under-Wychwood is a complex issue, though the areas currently demonstrate a comparatively safe environment. While the term 'increasing crime rate' suggests a trend, it's important to contextualise the current figures. The overall crime rate in Milton-under-Wychwood and Shipton-under-Wychwood, serving as a built-up area (BUA) in West Oxfordshire, stands at 39.9 incidents per 1,000 residents. This is significantly lower than the UK average of 91.6 per 1,000. This suggests a generally safer environment than many other parts of the country.
However, property crime, which directly affects property values, is a specific consideration. The property crime rate in these areas is 17.0 per 1,000 residents. While still relatively low, increases in property crime can deter potential buyers and negatively impact house prices. Generally, areas perceived as less safe experience downward pressure on property values, while those with a reputation for safety often command higher prices.
Crucially, the safety score for Milton-under-Wychwood and Shipton-under-Wychwood is 89 out of 100, considerably higher than the UK average of 79. This high safety score indicates a positive perception of safety amongst residents and contributes to the desirability of the area. A higher safety score often correlates with stable or increasing property values. The population of the BUA is 4458, which provides a baseline for calculating these rates.
It's important to note that property values are influenced by a multitude of factors beyond crime rates, including school quality, proximity to amenities, transport links, and the overall economic climate. While crime is a factor, it's rarely the sole determinant. Local knowledge and recent sales data are essential for a complete assessment.