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

by | Nov 15, 2022

Home $ House for sale in the UK $ How much will you pay for a house for sale in Barnet?

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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?

In Barnet, houses for sale are sold at an average of £642,530. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.

In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Barnet. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

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

As you can see above, for Barnet, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 13% where lots of movement may inflate or deflate house prices.

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

Looking at the second table about Barnet, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Barnet is £6,551.

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

In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.

The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:

  • Banks – Lend you the cash
  • Insurance companies – Insure your new real estate investment
  • Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
  • Surveyor – Carries out an independent and complete property valuation of the house for sale
  • Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
  • EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city

What’s the rental yield in general for the city of Barnet?

Are there new houses being built in Barnet to make it grow?

The growth of an area like Barnet can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.

Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.

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

Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.

Make sure you do your own research specific to the city of Barnet if you want to find out the exact reasons for the housing change.

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Barnet. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Barnet.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (London), a regional level (Greater London) and finally on the level of the city talked about in this article, Barnet.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Barnet £0 £2,031 £1 £0
London 3.96% £2,001.05 129.93% 12.05%
Greater London 0.04 1,898.58 £1 13.30%

You may also find it useful to compare the data above to the number of properties sold per month Barnet experiences. This figure for house sales per month is 12. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

In Barnet, what is the asking price in general for a house for sale?

Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Barnet determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £680,420.

Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Barnet.

Average prices for the 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

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £6,887. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Barnet has a lack of supply of housing in certain categories.

House for sale in a different UK region

Below is a list of towns that differ from Barnet.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to Greater London:

If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.

What are the demographics like in the city of Barnet?

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 salary does the community in Barnet take home?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£54,900.00 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 35% for Barnet.

Is the city of Barnet deprived?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Barnet, currently, £0 people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.

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 10444%, 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 (10444%) is both useful and is recommended to be compared to the average.

In Barnet, how educated are people in general?

In the city of Barnet, 43% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.

So you can see for yourself, the average income for the people of Barnet is £54,900.00. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.

A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.

Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.

What is a social grade score and how does this relate to Barnet?

In the city of Barnet, the social grade score of the area is 35%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.

The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.

This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Barnet.

Social Score Category The proportion of the UK population (%)
A Professional, managerial or administrative 4
B Intermediate managerial or professional jobs 23
C1 Supervisory, junior managerial or professional jobs 29
C2 Skilled manual workers 21
D Semi and unskilled manual workers 15
E State pensioners, casual & lowest grade workers 8

In Barnet, how has the population changed?

In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Barnet is 315743.

Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.

The most important variable is the location of the houses for sale in the city of Barnet.

In Barnet, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 5%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here

This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.

Making predictions about the future growth of Barnet is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.

Comparing this figure for the 5 year growth (5%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.

Barnet population difference over 10 years?

The population has adjusted in the area of Barnet by 13% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.

This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Barnet.

To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.

How much green space is available to residents of Barnet?

Whether you view green space in Barnet as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.

In Barnet, the number of acres of green space for every 1000 people currently is 15 which can be measured against the UK average of 1.7.

Invest in a house for sale that meets your demands

When browsing houses for sale in Barnet you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

  • Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

  • 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.

F.A.Q.

If you are a landlord, should you renovate a property in the city of Barnet?

If planning permissions are abundant in the vicinity of Barnet, it may look promising for landlords looking to renovate. With 30 getting approved on a monthly basis, and a success rate of nan, these prospects flourish against a population of 315743. A comparative analysis against other locations across the UK will lend you a good perspective of this data.

What is the monthly count of property transactions in Barnet?

Barnet boasts a monthly total of 12 property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link

How does the population in a city like Barnet change annually?

When evaluating the population trajectory of Barnet, explore the decade-spanning population shift of 13% and the five-year modification of population of 5%. By drawing comparisons, see if demographic changes in your chosen area is

What is the asking price for houses for sale in the wider region of Barnet?

Currently, the mean asking price of a house in Barnet is £6,887, calculated using the average value per square foot

Would acquiring a house for sale in Barnet be regarded as a high-priced option?

Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Barnet, this stands at £642,530, whereas the UK’s mean is £286,500.

Find an estate agent where you’re looking to buy in Barnet

When buying, having the right expertise when navigating Barnet and the property market can be a great advantage. So, don’t make things harder for yourself and tackle a home purchase on your own. Browse our list of reputable estate agents below to help you on your house hunt!

Estate agent Contact number Address of agent Email
Chas R Lowe Estates 442036414274 10 Church Hill Road East, Barnet, EN4 8TB Phone number only
Michael Wright Estate Agents 442081667813 125 Cockfosters Road, Cockfosters, Barnet, EN4 0DA Phone number only
Home & Away Estates 442081157682 13 Station Parade, Cockfosters Road, EN4 0DL Phone number only
Platinum Estates 442084497099 8 Mount Pleasant Peter Jordanou (peter@platinum-estates.com)
Jason Oliver Properties nan 25 Heddon Court Avenue Nicholas Achilles (nick@jasonoliverproperties.co.uk)

Download agent details

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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