The Real Cost of Buying a First Home in Faringdon
A first purchase at the £390,000 Faringdon average needs about £46,800 in cash, made up of £39,000 deposit, £4,500 stamp duty with first time buyer relief, and roughly £3,300 in fees.
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
A first purchase at the £390,000 Faringdon average needs about £46,800 in cash, made up of £39,000 deposit, £4,500 stamp duty with first time buyer relief, and roughly £3,300 in fees.
What a first Faringdon purchase costs in cash
On the local average the deposit is £39,000, stamp duty is £4,500 and fees are near £3,300. Total cash needed is about £46,800.
First time buyer relief saves you £5,000 against the standard charge of £9,500 at this price. Rates are those in force from April 2025. Confirm the current position on gov.uk before you exchange.
Where the upfront cash goes
The commercial page for this town sets out the introduction itself: Mortgage advice in Faringdon.
Borrowing power on a Faringdon income
What the first year actually costs
Band D council tax in Oxfordshire is £2,644 a year, which is £220 a month. Add energy, water, insurance and maintenance.
Protection belongs in the same budget. If the mortgage depends on two incomes, it depends on both people staying well enough to earn. That is the part of the purchase we advise on directly.
Average prices sit below the £500,000 relief ceiling, so most first purchases here still qualify. Check your own price against the threshold.
The Faringdon detail first buyers ask about
The schools families ask about here are Faringdon Community College, Folly View Primary School, The Elms Primary School and Village primaries nearby. 1 local school was rated Good or Outstanding overall at its most recent graded Ofsted inspection. Ratings age between inspections, so read the latest report before you rely on one.
On getting about: Faringdon to Swindon takes about 20 to 25 min by car.
By price, Faringdon ranks 9 of the 14 Oxfordshire locations we cover, at £390,000 against a county average of £442,857. Band D council tax here is £2,644, against an average of £2,621 across the towns we cover in the county.
What your money buys in Faringdon
Faringdon is a small historic market town on the Cotswold fringe between Oxford and Swindon.
The full local guide covers schools, transport and the market in detail: Faringdon property and area guide.
| Budget | What it buys here |
|---|---|
| Around £220,000 to £320,000 | A flat or a terraced house, the more accessible ways into a characterful Oxfordshire market town. |
| Around £325,000 to £475,000 | A new-build or semi-detached family house, the heart of the local market. |
| £500,000 and above | A detached, period or Cotswold-stone house, the top of the local market, especially older stone homes and those with land. |
- A characterful Cotswold-fringe market town
- More affordable than the towns to the east
- Good road links to Oxford AND Swindon/M4
- The Folly, the Old Town Hall & stone streets
- Great Coxwell Barn, Buscot & the Thames nearby
- No railway station in the town
- Reliant on the car for many journeys
- Full A&E is a drive away in Swindon
- Older stone/non-standard homes need the right lender
- Flood risk toward the Thames in low-lying spots
Faringdon is known locally for Faringdon Folly & Lord Berners, and Faringdon Folly. Faringdon Folly, the Folly Tower built in 1935 by the eccentric composer and aristocrat Lord Berners, often called the last great folly built in England, and the town's most famous landmark.
Practical detail for Faringdon: the SN7 (a Swindon postal area, but the town is in Oxfordshire) postcode district, no station (branch closed 1951), nearest Swindon (~12mi) & Didcot Parkway (~17mi) for fast London trains and nearest A and E is Great Western Hospital, Swindon (~12mi, full 24-hour A&E); also the John Radcliffe, Oxford; no MIU in Faringdon, verify with NHS.
Faringdon at a glance
| Upfront cost | Faringdon figure |
|---|---|
| Average price | £390,000 |
| Deposit at 10% | £39,000 |
| Stamp duty, first time buyer | £4,500 |
| Stamp duty, standard rate | £9,500 |
| Legal, survey and moving | £3,300 |
| Total cash needed | £46,800 |
| Monthly repayment illustration | £2,052 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Faringdon
Three details is all we need. You are told before anything is passed to a partner firm.
Your checklist
- Total cash of about £46,800, not just the deposit
- Your stamp duty position confirmed on gov.uk
- A first year running cost budget including £2,644 council tax
- Income protection quoted before completion, not after
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Check broadband before you make an offer in Faringdon
Broadband speeds can vary street by street in Faringdon, so check the exact address before you commit. Ofcom's free checker shows which broadband speeds and mobile coverage are available at any UK property.
We can introduce you to a specialist who can combine your mobile, broadband and utilities into one bill. There's no fee for the introduction.
We don't provide these services ourselves. Switching household bills is not a regulated financial service, so FCA protections and the Financial Ombudsman do not apply. We'll only pass your details to the specialist if you ask us to. See our privacy notice.
Questions people ask
How much money do I need to buy a first home in Faringdon?
Do first time buyers pay stamp duty in Faringdon?
What is the biggest hidden cost?
How do I check broadband speed at a property in Faringdon?
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