New Southgate

Area Guide For New Southgate

New Southgate is a residential suburb in the South East corner of the London Borough of Barnet. Average property prices within New Southgate are 32% cheaper than the London average rates. With many city commuters choosing to live away from the busy everyday world they know to well of as work, New Southgate would be a great retreat.

 
 

New Southgate Map

Estimated Price: £451,479
Average Asking Price: £494,739
Price change in last one year: £51,014
Average Price Paid: £324,946
Average Rent Rates: £1,559

 
 

Property Prices Breakdown in New Southgate

Average Price for property in New Southgate is around £451,479 which varies based on type of property you are interested in and ranges from £603,792 for detached house to around £596,842 for semi-detached. Similarly terraced house is around £497,288 and a flat is worth £290,437. Values have been changing and have risen £3,534 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £10,289 in last 6 months, £51,014 in last 1 year, £93,394 in last 2 years, £105,432 in last 3 years, £106,188 in last 4 years and £119,857 in last 5 years.

Currently average asking price of a property in New Southgate is around £494,739 based on approximately 166 properties for sale. Same is the case with rental options based on 93 properties up for rent, average asking rent is around £1,559 per month.

Estimated property value in New Southgate is £451,479. Average asking price is £494,739 while average price paid is £385,827 which is up by £51,014 and Avg. asking rent £1,559.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 New Southgate area. In last 1 year alone average price buyer paid is around £385,827 based on approximately 166 sales in New Southgate area alone. If you compare it to last 3 years sales of 565 properties where buyers paid around £341,862. 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 £324,946 for 888 and average amount paid for purchase of approx. 1,233 properties sold in last 7 years comes to about £310,973 per sale.

 
 

Properties For Sale in New Southgate

 
 

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 £418,316, £531,354 for a 3 bedroom house, £738,121 for a 4 bedroom house and £720,000 for a 5 bedroom house. For a flat similarly the prices varies from £279,975 for a single bedroom to £338,408 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £358,308. To sum up the asking prices for properties in New Southgate it comes to around average £279,975 for 1 bedroom property, £357,586 for 2 bedroom, £494,273 for 3 bedroom, £738,121 for 4 bedroom and £720,000 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 £1,051 for 1 bedroom to £1,525 for 2 bedrooms, £1,800 for 3 bedrooms, £2,296 for 4 bedrooms and £2,600 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,070. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,578 and £1,624 for 3 bedroom. You should be generally be expecting around average £1,067 rent per month for single bedroom property, £1,576 for 2 bedroom, £1,730 for 3 bedroom, £2,296 for 4 bedroom and approximately £2,600 for a 5 bedroom property in New Southgate area.

Popular Houses in New Southgate

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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