How much will you pay for a house for sale in Barnet?

As a landlord, whenever you are looking at houses for sale in London, you could find varying prices throughout an area like Barnet. In this article, this data will be simplified so you can find all of the data on one, convenient page.

So, from the rental yield of Barnet to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Barnet will be revealed. Keep reading.

In general, for the city of Barnet, what are the final purchase prices for the houses for sale?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Barnet. In Barnet, this sale price works out to be £642,530. As an example, a factor like population growth over the last 10 years which works out to be 13% in Barnet and impacts house prices of the houses for sale.

Housing category	Total final sale price
Average sold price (detached)	£1,473,898
Average sold price (semi-detached)	£867,214
Average sold price (terraced)	£684,107
Average sold price (flat)	£423,431

Above, the exact type of house is also shown to vary in price in a table in Barnet. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.

Housing category	Sale price per square foot
Average sold price/sqft	£6,216
Average sold price/sqft (new build)	£6,804
Average sold price/sqft (old stock)	£6,132

In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Barnet which is £6,551. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.

What are the people like in Barnet?

In Barnet, how educated are people in general?

The number of people as a percentage who have been through university and gained a degree is 43%. The ability to buy a home is greatly influenced by the number of people who have degrees. £54,900 is the amount people in Barnet are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Barnet, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

Are the deprivation levels of the UK any different to Barnet?

The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Barnet, in particular, the deprivation levels are 23%.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

How much do people in Barnet earn?

Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.

For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.

To see if this phenomenon occurs in Barnet. Compare the area’s average household income of £54,900 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 35% for more conclusive data on the affluence of the area.

Barnet within London is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Barnet will be looked at by comparing it to the local region, as well as comparing it to the wider region too (Greater London). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.

This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Barnet.

What’s a social grade score and how does it relate to Barnet?

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Barnet, the percentage of people in the two highest categories, A and B is 35%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £54,900. This income will generally get bigger as the percentage of people in the A and B categories go up too (35%).

How much green space is available to residents of Barnet?

There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Barnet currently has 15.3 for every 1000 residents.

Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Barnet in this case.

Is the crime rate bad in the city of Barnet?

The crime rate of Barnet must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.

For example, the area has a crime rate of 104, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.

Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.

Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (104) is both useful and is recommended to be compared to the average.

In the city of Barnet, has the population grown or shrunk?

In total, the number of people in Barnet is 315,743. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.

Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.

You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Barnet, depending on where exactly you are.

How has Barnet changed in the past five years?

Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Barnet has changed by 5%. Read more here

It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 5% is a recent change or not.
Click here to know more on the UK population trends.

In the last decade, what is the difference in population in Barnet?

13% has been the population growth change in the past 10 years.

Usually, this is more of a conservative figure compared to the five year change of a city.

Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.

The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Barnet have seen a more desirable way of working, moving to make themselves more comfortable in their careers.

For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.

On average, what is the figure for the asking price of a house for sale in Barnet?

Average price of houses for sale in Barnet

Average asking price (1 bed)	£348,303
Average asking price (2 bed)	£494,696
Average asking price (3 bed)	£778,512
Average asking price (4 bed)	£1,099,966
Average asking price (5 bed)	£1,820,637

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Barnet and if you may need to look at a different area in order to buy the type of house you can afford.

Also, noting the £6,887 should also give you an overview of what the asking price for houses for sale are in general.

When speaking about the city of Barnet, £680,420 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Barnet.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

How are rental yields of the houses for sale different to the rest of the UK in Barnet?

Are there more or fewer houses being built in Barnet?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Barnet that shows the growth in recent years.

	1 year	3 years	5 years
Barnet growth rate	9%	17%	21%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Barnet is important.

Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.

Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.

For the city of Barnet, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Greater London. As well as London, to give a smaller scale area to compare the data to.

	Average Yield	Average Asking rent	Turnover (rental)	Turnover (sale)
Barnet	3.6%	£2,031	116%	8.4%
London	3.96%	£2,001	129.93%	12.05%
Greater London	3.88%	£1,899	129.14%	13.30%

Assuming that in the future you want to re-sell the house you will eventually purchased in Barnet you might be interested in the number of sales per month (161) that happen in the local housing market. Comparing this figure for Barnet with the above table gives you a good understanding of the profitability of the area.

Who can help you buy a house for sale in Barnet?

Choose the right house for sale that suits your needs

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Barnet

• affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)

• Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.

• Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.

• Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.

• EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.

• Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase

• Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?

• Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.

• Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

Thinking about other cities with houses for sale?

Below are a list of towns with a similar location to Barnet.
Reading these analysis will help you evaluate the different houses for sale currently listed in Greater London:

• Charlton in Greater London
• Lambeth in Greater London
• Thames-Ditton in Greater London
• Highbury in Greater London
• Belmont in Greater London

If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.

Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.

Here is a list of who to contact to get assistance when purchasing a house for sale:

• Banks – The ones that can lend you the money you need for the house for sale
• Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
• Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
• Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
• Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
• EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.