It was originally part of the Bedford Estate belonging to the Dukes of Bedford, and takes its name from the village of Oakley in Bedfordshire which belonged to the family from the eighteenth century.[1] It was laid out in the early Victorian era, later than nearby Mornington Crescent and Arlington Road and around the same time as Harrington Square. On the northern side some of the Victorian terraced housing still exists as well as the redbrickWorking Men's College established in 1854.[2] On the southern side the original buildings have been replaced by more recent developments. The Godwin Court Council apartment block was built on the east end of the square on a large bomb site, there was also a EWS (Emergency Water Supply) tank on the bomb site, Godwin Court was built after 1946. The white stucco Victorian lodge in the gardens is now Grade II listed[3] as are a number of the houses.[4][5]