East Finchley

Area Guide For East Finchley

East Finchley is an area in the London Borough of Barnet, North London.  What was once part of the Bishop of London’s hunting ground began to emerge in 1968, properties were built high and wide thro9ughout the surrounding area. Housing in East Finchley is diverse in its nature, enveloping many housing styles, from 19th-century terraced housing and 1960s council estates to large 30s houses to multi-million pound mansions on The Bishop's Avenue. The three eleven-storey tower blocks of Prospect Ring, near to the centre of East Finchley, are visible for miles around.

 
 

East Finchley Map

Estimated Price: £980,188
Average Asking Price: £4,555,300
Price change in last one year: £106,697
Average Price Paid: £695,368
Average Rent Rates: £7,945

 
 

Property Prices Breakdown in East Finchley

Average Price for property in East Finchley is around £980,188 which varies based on type of property you are interested in and ranges from £3,503,314 for detached house to around £1,266,381 for semi-detached. Similarly terraced house is around £789,108 and a flat is worth £467,615. Values have been changing and have risen £7,563 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £21,714 in last 6 months, £106,697 in last 1 year, £197,105 in last 2 years, £225,734 in last 3 years, £242,839 in last 4 years and £255,531 in last 5 years.

Currently average asking price of a property in East Finchley is around £4,555,300 based on approximately 245 properties for sale. Same is the case with rental options based on 166 properties up for rent, average asking rent is around £7,945 per month.

Estimated property value in East Finchley is £980,188. Average asking price is £4,555,300 while average price paid is £877,398 which is up by £106,697 and Avg. asking rent £7,945.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 East Finchley area. In last 1 year alone average price buyer paid is around £877,398 based on approximately 245 sales in East Finchley area alone. If you compare it to last 3 years sales of 872 properties where buyers paid around £728,324. 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 £695,368 for 1,461 and average amount paid for purchase of approx. 1,924 properties sold in last 7 years comes to about £674,498 per sale.

 
 

Properties For Sale in East 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 2 bedroom is around £1,022,980, £1,246,988 for a 3 bedroom house, £3,072,650 for a 4 bedroom house and £3,299,250 for a 5 bedroom house. For a flat similarly the prices varies from £296,661 for a single bedroom to £464,152 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £748,750, £8,110,000 for a 4 bedroom flat and £5,625,000 for a 5 bedroom flat. To sum up the asking prices for properties in East Finchley it comes to around average £296,661 for 1 bedroom property, £560,502 for 2 bedroom, £962,280 for 3 bedroom, £4,080,120 for 4 bedroom and £3,510,682 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 £433 for 1 bedroom to £3,063 for 2 bedrooms, £3,594 for 3 bedrooms, £4,553 for 4 bedrooms and £8,306 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,122. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,757 and £3,019 for 3 bedroom. You should be generally be expecting around average £1,036 rent per month for single bedroom property, £1,918 for 2 bedroom, £3,249 for 3 bedroom, £4,553 for 4 bedroom and approximately £8,306 for a 5 bedroom property in East Finchley area.

Popular Houses in East 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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