The village, being located on the old Roman road from Alchester to Towcester, takes its name from Stratone (street), with Audley being added in the 13th. century, after the Audley family who held the manor.

There ia a scheduled ancient monument in the village, being the moated remains of the medieval castle of the Audley family, which can be found in a field, south-east of the church. There are also further earthworks, south of the church, which are thought to be the site of a possible shrunken medieval village.

The church of St. Mary & St. Edburga has vestiges of Saxon and Norman elements, but predominaintly owes its current style to the 13th., 14th., and 15th. centuries.
It is wonderfully light and airly inside, having plain diamond glass over the majority of the windows, with only small areas of medieval glass still in place at the heads of the oldest lancet windows. There is a legend that the remainder of the stained glass was teken down for protection at the time of the Reformation and buried somewhere around the village, but nothing has so far been discovered.
Within the church, there is a plain medieval font, a beautiful Jacobean pulpit and an enormous 17th. century baroque monument to a member of the Borlase family, who built the manor in 1545.

The Manor continued to be owned by single families right through to the mid 60's, with many of the older villagers employed in the house and grounds. At this point however, the original manor was divided into apartments. New apartments were built in the grounds and Cavendish Place was built in what had been the garden, resulting in the many large mature trees amidst the houses.

The village has always been very rural in character and is currently bordered by several farms and is home to the hounds of the Bicester Hunt with Whaddon Chase.
The fishpond to the north of the old Manor wall is a very pleasent walk, with the opportunity to become acquainted with the resident pair of Canada geese, mallards, coots, moorhens (and their respective young), together with herons, kingfishers, wrens, goldfinches etc., or simply to enjoy the tranquil setting.
The fact that the village has no street lights means that it is possible to really appreciate the beauty of the night sky.

With approx. 150 dwellings and 300 adults, the village has an active social life. Many activities are organised by the church and include Safari suppers, Boule evenings, Race nights and Jazz-in-the-garden dinners to concerts and banquets in the church.
The church itself is very well supported, with warm and intimate Family services and rousing "Songs of Praise" and carol services. It is a very warm and welcoming village