If money was no issue, would you prefer to buy this London flat or own an entire property empire in Oxfordshire? 

The London housing market has been booming for years, so we all know that the cost of a property in the capital is on the pricier end of the scale. 

With the average house price in Oxfordshire coming in at around £439,924, according to Zoopla, you could buy yourself more than 10 homes for the same price as just one in London. 

But dare to dream, if you’ve got that much cash to splash you can definitely afford some variety. 

But first, let's look at this London residency: 

£5,000,000 

Queen Street, Mayfair, London

Herald Series:

Described as fully refurbished to an immaculate standard, this three-bedroom flat in Mayfair comes in at a whopping £5million. 

Keeping some period elements throughout including the original façades the property aims to provide contemporary living in a historic setting. 

However, for this extreme price, you would not get any private outdoor space, sports facilities or parking. 

Is it really worth it? 

Here's what you could get around Oxfordshire for the same price: 

£1,500,000

Jack Straws Lane, Headington, OX3

Herald Series:

Every property mogul needs an impressive pad to live in themselves and what better home than this one in Headington. 

Boasting a prestigious city location and gorgeous grounds this detached property is a millionaire's dream.

The property has four bedrooms including master and guest bedroom suites, four reception rooms, and three bathrooms. 

£750,000 

Aston Street, Oxford, OX4

Herald Series:

Offering fantastic investment opportunities this six-bedroom terraced property yields an annual income of £36,000.

This HMO is described as offering accommodation for six tenants with each room having its own washing facility. 

£750,000 

Bayswater Farm Road, Headington, OX3

Herald Series:

This large detached property is arranged across approximately 700 square feet.

Offering four bedrooms, three reception rooms, and two bathrooms this property is an ideal family home. 

The large gated plot benefits from alarmed garages, driveway parking for multiple vehicles, and a heated swimming pool. 

£500,000 

Kellys Road, Wheatley, OX33

Herald Series:

Quintessentially British in character and feel, this property is set in a village location with countryside views. 

The five-bedroom property is arranged over three floors with a triple aspect sitting room and spacious kitchen diner. 

Outside there are extensive gardens and driveway parking. 

£250,000

Bernwood Road, Headington, OX3

Herald Series:

Close to Oxford Brookes University and the John Radcliffe Hospital, this property sits in a prime location. 

Potentially a great investment property the home is in need of modernisation. 

Offered with no onward chain the property has three-bedrooms,  two reception rooms and gardens. 

£250,000

Oxford Road, Cowley, OX4

Herald Series:

Another property in a fantastic location for rental yield, this two-bed flat sits in the sought after area of Cowley. 

The property boasts allocated parking, built-in wardrobes and a spacious open-plan living area. 

£250,000

St Martins Road, Littlemore, OX4

Herald Series:

Offered for sale by online auction this three-bedroom terraced property could be a great investment. 

In need of some modernisation the property is described as offering a fantastic opportunity to put your own stamp on the place. 

The property also has off-road parking and a front and rear garden.

£250,000

Napier Road, Cowley, OX4

Herald Series:

Described as a stylish ground floor apartment with a private garden and parking, this property is in a convenient location on the edge of the city.

Well-presented throughout the property has a bay fronted double bedroom and oak flooring throughout. 

Additionally, the flat has a private south facing garden and driveway parking.

Leaving you with some spare change, this Oxfordshire empire comes in at £4,500,000. 

Compared to the flat in Mayfair, you'd be able to get these nine properties and still have £500,000 left over to complete any renovations. 

So... would you buy one home in London or an empire in Oxfordshire? Let us know in the comments.