Brent Cross

Area Guide For Brent Cross

Brent Cross is an area of north London, in the London Borough of Barnet. It is best known for its shopping centre and the proposed Brent Cross Cricklewood development planned to begin early 2014, cost around £4.5 billion to construct and will include 7,500 new luxury homes, 4,000,000 sq ft of offices, four parks and improvement on both transport and Brent Cross Shopping Centre. The River Brent passes through Brent Cross, flowing from east to west in a man-made channel. With average property prices 49.5% above the London average, once the development of the new apartments is complete that new home buyers will be able to move in or rent.

 
 

Brent Cross Map

Estimated Price: £622,720
Average Asking Price: £753,543
Price change in last one year: £82,775
Average Price Paid: £434,464
Average Rent Rates: £2,302

 
 

Property Prices Breakdown in Brent Cross

Average Price for property in Brent Cross is around £622,720 which varies based on type of property you are interested in and ranges from £1,104,112 for detached house to around £739,465 for semi-detached. Similarly terraced house is around £589,894 and a flat is worth £412,278. Values have been changing and have risen £14,970 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £39,430 in last 6 months, £82,775 in last 1 year, £125,533 in last 2 years, £165,125 in last 3 years, £164,573 in last 4 years and £187,067 in last 5 years.

Currently average asking price of a property in Brent Cross is around £753,543 based on approximately 212 properties for sale. Same is the case with rental options based on 415 properties up for rent, average asking rent is around £2,302 per month.

Estimated property value in Brent Cross is £622,720. Average asking price is £753,543 while average price paid is £507,835 which is up by £82,775 and Avg. asking rent £2,302.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Brent Cross area. In last 1 year alone average price buyer paid is around £507,835 based on approximately 212 sales in Brent Cross area alone. If you compare it to last 3 years sales of 688 properties where buyers paid around £467,239. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £434,464 for 1,220 and average amount paid for purchase of approx. 1,611 properties sold in last 7 years comes to about £424,815 per sale.

 
 

Properties For Sale in Brent Cross

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £444,962, £672,141 for a 3 bedroom house, £882,536 for a 4 bedroom house and £1,050,722 for a 5 bedroom house. For a flat similarly the prices varies from £304,915 for a single bedroom to £441,009 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £766,932, £571,667 for a 4 bedroom flat and £450,000 for a 5 bedroom flat. To sum up the asking prices for properties in Brent Cross it comes to around average £304,915 for 1 bedroom property, £441,264 for 2 bedroom, £728,466 for 3 bedroom, £860,331 for 4 bedroom and £1,022,117 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £715 for 1 bedroom to £2,205 for 2 bedrooms, £2,487 for 3 bedrooms, £3,363 for 4 bedrooms and £3,867 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,134. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,602, £2,484 for 3 bedroom and £3,243 for 4 bedroom. You should be generally be expecting around average £1,055 rent per month for single bedroom property, £1,665 for 2 bedroom, £2,485 for 3 bedroom, £3,349 for 4 bedroom and approximately £3,868 for a 5 bedroom property in Brent Cross area.

Popular Houses in Brent Cross

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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