Stow-on-the-Wold, the highest town in the Cotswolds, was originally an Iron Age Fort and is a perfect representation of traditional England. Since the 12th century, this historic marketplace has hosted a variety of fairs, including the biannual Gypsy Horse Fair, numerous craft fairs, and a monthly Farmers' market. Cotswold stone townhouses, antique shops, tea rooms, traditional pubs, award-winning restaurants, and even its own cricket museum line either side of the enormous market square, which features an ancient cross at one end and the village stocks at the other. The Macmillan Way, the Heart of England Way, the Gloucestershire Way, and the Monarch's Way all pass through or near Stow, making it a convenient starting point for hikes and bike rides through the picturesque Cotswolds countryside. Located in an Area of Outstanding Natural Beauty, Bourton-on-the-Water is one of the most visited towns in the Cotswolds. It is also known as the "Venice of the Cotswolds" because the Windrush River flows through its centre. Easily accessible, fun day trips include the Saxon market town of Moreton-in-Marsh and the classic English village of Broadway. Cheltenham, located just 20 miles away, is the most fully realised regency town in all of England. Famous for its horse-racing festival in March that culminates in the Gold Cup steeplechase, this spa town also boasts an incredible selection of shops, cinemas, theatres, restaurants, and pubs. Festivals of literature, jazz, classical music, science, and food and drink are held there at other times of the year. Oxford is the oldest university city in England and is also known as "The City of Dreaming Spires" due to its abundance of illustrious attractions such as the university's 38 colleges (half of which date back to before 1600), the oldest university teaching room, the Bodleian Library, the Ashmolean Museum, the Pitt Rivers Museum, and the Botanic Gardens. Stow-on-the-Wold is conveniently located for day trips to nearby Stratford-upon-Avon, Bath, Worcester, and the port city of Gloucester.