Potters Bar

Area Guide For Potters Bar

Potters Bar is a town in the Hertsmere borough of Hertfordshire, England, located 18 miles (29 km) north of Central London. In 2001 it had a population of 21,618. The town originated in the early 13th century and remained a small settlement until the arrival of the Great Northern Railway in 1850. It is part of the London commuter belt. The origin of the Potters element of the town's name is uncertain but is generally thought to be either a reference to a Roman pottery, believed to have been sited locally, or alternatively to the Pottere family who lived in the South Mimms parish. The Bar is thought to refer to the gates leading from the South Mimms parish and into the Enfield Chase parish, or possibly from some sort of toll on the Great North Road. The original "Bar" is said to have been at what is now the Green Man pub, or at the current entrance to Morven House. Potters Bar is located on the Great North Road, one of two road routes from the City of London to the north of England. The road was originally numbered as the A1, and later the A1000. Potters Bar was historically part of Middlesex and formed the Potters Bar Urban District of that county from 1934. From 1894 to 1934 its

 
 

Potters Bar Map

Estimated Price: £499,808
Average Asking Price: £903,543
Price change in last one year: £57,129
Average Price Paid: £387,678
Average Rent Rates: £1,579

 
 

Property Prices Breakdown in Potters Bar

Average Price for property in Potters Bar is around £499,808 which varies based on type of property you are interested in and ranges from £815,940 for detached house to around £437,915 for semi-detached. Similarly terraced house is around £348,384 and a flat is worth £248,397. Values have been changing and have risen £9,006 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £24,213 in last 6 months, £57,129 in last 1 year, £90,362 in last 2 years, £106,246 in last 3 years, £93,002 in last 4 years and £107,729 in last 5 years.

Currently average asking price of a property in Potters Bar is around £903,543 based on approximately 468 properties for sale. Same is the case with rental options based on 78 properties up for rent, average asking rent is around £1,579 per month.

Estimated property value in Potters Bar is £499,808. Average asking price is £903,543 while average price paid is £440,112 which is up by £57,129 and Avg. asking rent £1,579.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 Potters Bar area. In last 1 year alone average price buyer paid is around £440,112 based on approximately 468 sales in Potters Bar area alone. If you compare it to last 3 years sales of 1,276 properties where buyers paid around £399,040. 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 £387,678 for 2,002 and average amount paid for purchase of approx. 2,626 properties sold in last 7 years comes to about £381,758 per sale.

 
 

Properties For Sale in Potters Bar

 
 

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 £461,150, £511,739 for a 3 bedroom house, £839,052 for a 4 bedroom house and £1,411,118 for a 5 bedroom house. For a flat similarly the prices varies from £194,784 for a single bedroom to £293,325 for a 2 bedroom Flat. Same is the case with 4 bedroom flat £899,999. To sum up the asking prices for properties in Potters Bar it comes to around average £194,784 for 1 bedroom property, £371,244 for 2 bedroom, £511,739 for 3 bedroom, £840,068 for 4 bedroom and £1,411,118 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 £1,352 for 2 bedroom to £1,454 for 3 bedroom, £2,365 for 4 bedroom and £3,825 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £800. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,117 and £1,198 for 3 bedroom. You should be generally be expecting around average £800 rent per month for single bedroom property, £1,132 for 2 bedroom, £1,403 for 3 bedroom, £2,364 for 4 bedroom and approximately £3,825 for a 5 bedroom property in Potters Bar area.

Popular Houses in Potters Bar

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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