North Finchley

Area Guide For North Finchley

North Finchley is a suburb of London in the London Borough of Barnet. Primarily a residential and shopping area, with several supermarkets and many restaurants. The area has mainly 19th century housing ranging from quaint Victorian cottages to substantially larger Victorian double-fronted houses. There is also a dominant Edwardian style towards Woodside Park and Nether Street but with some modern houses, probably built between the 1930s and 1960s. North Finchley also fecilitates mansion style properties and on Tally-Ho corner, a development of luxury flats, above the arts depot with views over Mill Hill and Hertfordshire.

 
 

North Finchley Map

Estimated Price: £561,610
Average Asking Price: £627,069
Price change in last one year: £60,699
Average Price Paid: £396,401
Average Rent Rates: £1,606

 
 

Property Prices Breakdown in North Finchley

Average Price for property in North Finchley is around £561,610 which varies based on type of property you are interested in and ranges from £1,041,635 for detached house to around £758,152 for semi-detached. Similarly terraced house is around £605,480 and a flat is worth £365,697. Values have been changing and have risen £7,110 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £19,612 in last 6 months, £60,699 in last 1 year, £110,171 in last 2 years, £128,365 in last 3 years, £130,829 in last 4 years and £148,142 in last 5 years.

Currently average asking price of a property in North Finchley is around £627,069 based on approximately 291 properties for sale. Same is the case with rental options based on 235 properties up for rent, average asking rent is around £1,606 per month.

Estimated property value in North Finchley is £561,610. Average asking price is £627,069 while average price paid is £457,263 which is up by £60,699 and Avg. asking rent £1,606.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 North Finchley area. In last 1 year alone average price buyer paid is around £457,263 based on approximately 291 sales in North Finchley area alone. If you compare it to last 3 years sales of 925 properties where buyers paid around £422,309. 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 £396,401 for 1,523 and average amount paid for purchase of approx. 1,966 properties sold in last 7 years comes to about £380,499 per sale.

 
 

Properties For Sale in North Finchley

 
 

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 1 bedroom is around £159,970, £515,825 for a 2 bedroom house, £656,938 for a 3 bedroom house, £839,994 for a 4 bedroom house and £1,109,231 for a 5 bedroom house. For a flat similarly the prices varies from £241,150 for a single bedroom to £427,646 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £577,772 and £750,000 for a 4 bedroom flat. To sum up the asking prices for properties in North Finchley it comes to around average £217,274 for 1 bedroom property, £435,913 for 2 bedroom, £637,681 for 3 bedroom, £837,562 for 4 bedroom and £1,109,231 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 £1,297 for 1 bedroom to £1,521 for 2 bedrooms, £2,054 for 3 bedrooms, £3,109 for 4 bedrooms and £3,493 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,050. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,422, £1,763 for 3 bedroom and £2,557 for 4 bedroom. You should be generally be expecting around average £1,084 rent per month for single bedroom property, £1,427 for 2 bedroom, £1,930 for 3 bedroom, £3,059 for 4 bedroom and approximately £3,492 for a 5 bedroom property in North Finchley area.

Popular Houses in North Finchley

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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