A STREET in North Oxford has been named the most expensive in the county for a second year running according to latest figures.

Houses in Crick Road are the highest valued in Oxfordshire with an average price of nearly £4m.

Figures released by property site Zoopla today showed the no-through road between Fyfield and Bradmore Roads had an average house price of £3,976,080.

The estimate is a £1m increase from last year’s Zoopla figures, which valued a property in the street at £2.8m – still the most expensive in the county.

Crick Road, Church End in Swerford, near Chipping Norton, and Chadlington Road in Oxford made up the top three on the rich list.

David Coleman and his late wife Sarah bought a house in the street for £115,000 in 1982 and it is now thought to be worth in excess of £3m.

The 69-year-old said he thought there were a few reasons why the street had been placed at the top of the table.

The retired academic said: “It is close to the University Parks, which are very attractive and peaceful.

“The schools in the area are desirable; the independent Dragon School nearby has a good reputation.”

He added many of the houses were previously owned by colleges or the university and rented by professors or students.

Mr Coleman said: “As the dons that have lived in those houses pass away, they have been put on to the private market, which I suppose would have put the price up.”

He has lived on the street for 33 years and added the quietness of the area, plus private owners building extensions and modernising the properties, would have driven the values up.

He added: “There have been some spectacular changes to the houses. They have been extended sideways, upwards, backwards. Some of them are magnificent buildings.

“It is in close proximity to Oxford and near to London too, which can be attractive for commuters.”

Charles Wellbelove, director of agents Hamptons, said Crick Road was one of the “most desirable” areas for people to live in Oxford.

He added: “We have seen in the Park Town area that one house has been sold just short of £10m.

“Crick Road is very desirable. One main reason for its desirability is the architecture.

“It is also an area that has a high proportion of detached housing.

“The reason the properties are high in value is because of the number of people that want to be in that area. There is not enough supply to meet the demand and that will increase the price.

“It’s a very historic area of Oxford. You also have schools like the Dragon School and St Edwards nearby that attract international people and people from London.

“In 2014, one house in Crick Road sold for about £4.25m. For the average property price you are looking at about £4m to £4.5m.”

HIGHEST AVERAGE PRICES

* Crick Road, Oxford: £3,976,080
* Church End, Chipping Norton: £3,871,757
* Chadlington Road, Oxford: £3,211,566
* Bradmore Road, Oxford: £3,166,694
* Benhams Lane, Henley: £2,704,924
* Linton Road, Oxford: £2,588,203
* Satwell Close, Henley: £2,539,344
* Harpsden Woods, Henley: £2,513,526
* Little Wittenham: £2,501,824
* Over Worton: £2,218,275