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Liz Nicholls reviews the newly opened Ivy Oxford Brasserie.

In these strange, straitened times, luxury feels like it’s in short supply. In fact, “luxury” has become so rare a concept that it feels a retro, almost naughty. Luckily, the energetic team behind The Ivy Oxford Brasserie haven’t received this particular memo.

From the moment we were ushered inside, off the bleak wintry high street into the velvet-coccoon of the cloakroom we were (to quote Beyoncé) living lavish.

The Ivy Oxford Brasserie’s arrival in this often austere city of broken dreams has caused a big fat buzz for good reason. Because we’re all hungry for some luxury, and a place to celebrate rather than commiserate.

As with its celebrity honeypot mother branch in London, and the successful brasserie outposts in Winchester and Marlow, the Ivy brand is all about the best of the best. That’s most thrilling, on first entry, with the service. The staff offer the level of old-fashioned courtesy and enthusiasm that makes you feel like you’re winning at life. I go weak at the knees for a good banquette (especially a curvy orange one) and the effervescent Karim’s recommendation – truffle arancini – were balls of richly flavoured sexy joy; the perfect accompaniment for Magdalen Manhattan.

You can’t visit this Ivy branch without being wowed by its interior. Instagram has helped to gild the Ivy Oxford’s golden age because it really is a maximalist wonderland that feels designed to be snapped. For Pinterest fans like myself, the general vibe could be defined as “1920s Flapper Luxe”, with huge botanical motifs (toucans, butterflies, rainbow trout) and shiny surfaces at every turn. The old bank’s stately dimensions make it the perfect stomping ground for anyone in need of a bit of glam – even strutting up the copper-hued illuminated staircase to the ladies makes you feel special. The toilets themselves (which you might have seen on Insta) are worth special mention: rose quartz sinks, brass taps, gothic-gold floral wallpaper and jewel-hued pouffes… No wonder, then, that the smallest rooms have apparently been papped even more than the chocolate bombe (which comes a close second). And the enamel-ceilinged private hire party room is a golden example of how to create a setting where you can and should celebrate in debauched yet elegant style, a la the Ivy alma mater.

Hype can really detract from a good meal, and I had thought this Ivy outpost might be more style over substance but happily I was proved wrong. Tempura prawns and salt & pepper squid, in their conical silver salver, were crisp and gorgeous dunked in their wasabi and miso dressing and – a greedy choice – the lobster risotto was a divine creation of sweet meaty flesh doused in a seafoamy bisque dressing with a perfect partner of tender samphire.

Another greedy winter choice (and Karim’s recommendation), chicken Milanese was peak pleasure, coated in brioche crumb but kept savoury by a shiny tureen of truffle cream sauce that I kept trying to steal and topped with a rudely perfect fried egg. Then, as if to prove more definitely is more, the blackened cod fillet. This has almost become a cliché dish, which footballers plump for at Nobu and other top-tier celeb haunts, but technically the Ivy version is very hard to fault: pearly succulent fish, baked in a banana leaf beautifully fragrant with sesame and helped to sing with its citrus-pickled fennel (genius) broccoli and yuzu mayonnaise. Top marks too for a sublime sweet potato side and creamed spinach with pine nuts. All of it looked beautiful but tasted even better.

That much-Instagrammed chocolate bombe is also worth its 15 minutes: a grenade of golden flavour whose honeycomb centre oozed out to mingle with the vanilla ice cream once the hot sauce was poured on top to make a big sticky mess.

With all this glitz & glam, you’d expect the Ivy to be expensive but it’s reasonable: a la carte starters hover about the £10 mark, mains around £20 and there’s a three-course set menu for £21 which is stunning value, all things considered.

Hats off to the Ivy team. They’ve managed to live up to the not-inconsiderable hype. From my grandmother – who toasted her 94th birthday here earlier this month – to youngsters in athleisure chinking drinks at the bar, being made to feel like royalty is surely the best measure of success.