Mill Hill East

Area Guide For Mill Hill East

Mill Hill East is a suburb in the London Borough of Barnet, England.  Many of the surrounding areas of East Mill Hill have undergone redevelopment, with old gas works replaced by a Waitrose supermarket and housing developments. The new introduction of The Mounts highly anticipated development, offering luxury, style and contemporary homes positioned within walking distance from Mill Hill East tube station.  These superb homes provide a marvellous view of the countryside and parkland surroundings.

 
 

Mill Hill East Map

Estimated Price: £697,403
Average Asking Price: £956,169
Price change in last one year: £78,362
Average Price Paid: £491,092
Average Rent Rates: £2,005

 
 

Property Prices Breakdown in Mill Hill East

Average Price for property in Mill Hill East is around £697,403 which varies based on type of property you are interested in and ranges from £1,334,745 for detached house to around £796,188 for semi-detached. Similarly terraced house is around £638,361 and a flat is worth £448,771. Values have been changing and have risen £9,178 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £25,317 in last 6 months, £78,362 in last 1 year, £142,233 in last 2 years, £165,719 in last 3 years, £168,900 in last 4 years and £191,251 in last 5 years.

Currently average asking price of a property in Mill Hill East is around £956,169 based on approximately 186 properties for sale. Same is the case with rental options based on 179 properties up for rent, average asking rent is around £2,005 per month.

Estimated property value in Mill Hill East is £697,403. Average asking price is £956,169 while average price paid is £593,525 which is up by £78,362 and Avg. asking rent £2,005.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 Mill Hill East area. In last 1 year alone average price buyer paid is around £593,525 based on approximately 186 sales in Mill Hill East area alone. If you compare it to last 3 years sales of 692 properties where buyers paid around £515,061. 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 £491,092 for 1,176 and average amount paid for purchase of approx. 1,518 properties sold in last 7 years comes to about £474,886 per sale.

 
 

Properties For Sale in Mill Hill East

 
 

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 £1,111,667, £812,993 for a 3 bedroom house, £1,155,258 for a 4 bedroom house and £1,870,417 for a 5 bedroom house. For a flat similarly the prices varies from £319,350 for a single bedroom to £435,717 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £920,077 and £750,000 for a 4 bedroom flat. To sum up the asking prices for properties in Mill Hill East it comes to around average £319,350 for 1 bedroom property, £495,360 for 2 bedroom, £849,803 for 3 bedroom, £1,134,995 for 4 bedroom and £1,870,417 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 £599 for 1 bedroom to £2,092 for 3 bedroom, £3,321 for 4 bedroom and £3,512 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,039. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,452, £2,104 for 3 bedroom and £2,500 for 4 bedroom. You should be generally be expecting around average £973 rent per month for single bedroom property, £1,452 for 2 bedroom, £2,096 for 3 bedroom, £3,293 for 4 bedroom and approximately £3,512 for a 5 bedroom property in Mill Hill East area.

Popular Houses in Mill Hill East

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.

Sold Properties in Mill Hill East

Transportation in Mill Hill East

Browse by Streets in Mill Hill East

Browse by Outcodes in Mill Hill East