Oxted (Ac Stede), the place of Oak Trees Oxted is derived from the words "Ac Stede" Stede: being the old English word for place, (related to stathr (Norse) and statiō (Latin) Ac: Oak (wood or tree) Oxted is famous for its brass band: Oxted Band and its annual pram race: The Oxted Pram Race In 2008, the The Daily Telegraph listed Oxted in Britons top twenty richest towns: Oxted in the top 20 richest towns list