Friern Barnet

Area Guide For Friern Barnet

Friern Barnet is an area within the London Borough of Barnet. It was a mainly rural area until the 19th century. The housing in this area typically consists of late Victorian and early Edwardian properties as well as other large houses from later periods and many smaller semi-detached and terraced houses. Much of the property is owner-occupied, but in recent years many of the larger properties have been subdivided into flats and bedsits.

 
 

Friern Barnet Map

Estimated Price: £483,104
Average Asking Price: £1,034,140
Price change in last one year: £53,652
Average Price Paid: £340,408
Average Rent Rates: £2,501

 
 

Property Prices Breakdown in Friern Barnet

Average Price for property in Friern Barnet is around £483,104 which varies based on type of property you are interested in and ranges from £856,361 for detached house to around £641,285 for semi-detached. Similarly terraced house is around £531,375 and a flat is worth £336,453. Values have been changing and have risen £3,717 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £10,821 in last 6 months, £53,652 in last 1 year, £98,222 in last 2 years, £110,883 in last 3 years, £111,679 in last 4 years and £126,058 in last 5 years.

Currently average asking price of a property in Friern Barnet is around £1,034,140 based on approximately 412 properties for sale. Same is the case with rental options based on 272 properties up for rent, average asking rent is around £2,501 per month.

Estimated property value in Friern Barnet is £483,104. Average asking price is £1,034,140 while average price paid is £388,662 which is up by £53,652 and Avg. asking rent £2,501.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 Friern Barnet area. In last 1 year alone average price buyer paid is around £388,662 based on approximately 412 sales in Friern Barnet area alone. If you compare it to last 3 years sales of 1,267 properties where buyers paid around £357,685. 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 £340,408 for 2,093 and average amount paid for purchase of approx. 2,681 properties sold in last 7 years comes to about £330,233 per sale.

 
 

Properties For Sale in Friern Barnet

 
 

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 £159,950, £460,412 for a 2 bedroom house, £599,703 for a 3 bedroom house, £1,180,067 for a 4 bedroom house and £1,606,750 for a 5 bedroom house. For a flat similarly the prices varies from £250,871 for a single bedroom to £512,412 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £769,620 and £805,833 for a 4 bedroom flat. To sum up the asking prices for properties in Friern Barnet it comes to around average £245,819 for 1 bedroom property, £506,739 for 2 bedroom, £662,635 for 3 bedroom, £1,145,522 for 4 bedroom and £1,606,750 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 £1,086 for 1 bedroom to £1,380 for 2 bedrooms, £2,021 for 3 bedrooms, £3,406 for 4 bedrooms and £5,251 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £952. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,486 and £2,040 for 3 bedroom. You should be generally be expecting around average £982 rent per month for single bedroom property, £1,482 for 2 bedroom, £2,027 for 3 bedroom, £3,406 for 4 bedroom and approximately £5,251 for a 5 bedroom property in Friern Barnet area.

Popular Houses in Friern Barnet

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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