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N11 (Barnet) area guide

N11
Barnet
The N11 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Alexandra, Arnos Grove Station, Barnet, Bounds Green, Bounds Green Station, Bowes, Bowes Park Station, Brunswick Park, Coppetts, Enfield, Haringey, London, New Southgate Station, Southgate Green.
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Notes:

A Mouseprice property guide for N11 Barnet is coming soon. In the meantime, please have a look at the raw data and statistics about N11 that can be found by click the relevant links on the left hand side.

Old area guide:

The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.

Market trends:

North London propertyThe size of the property market in N11 is 10895 homes.

North London propertyWhen compared against a national average compound annual growth rate (CAGR) over the last 5 years of 12.5%, the growth in this postcode district has been 13.9%. This could well be because this is a dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.

North London propertyDuring the last 3 months, property in this postcode district has averaged a value of £278577.

North London propertyPrice earnings ratio is an indicator of the affordability of property for someone on the average salary in the area. Price Earnings Ratio in this postcode district is 9.6. Places like this represent the “well- heeled” districts of each postcode area. Although recently there have been some spectacular price increases in more expensive areas, in general, prices appreciate slowly in more expensive places because there is less demand for more expensive properties, and the turnover of them is slower because they are not commonly used as investment property.

North London propertyNew transactions as a percentage of overall sales are 12.1%.

Housing stock:

Barnet propertyThe most readily available type of property in the area are Flats, making up 42.3% of the total.

Barnet propertyFor those buyers keen to purchase Detached Houses, this would not be an ideal area, because only 3.6% are this type.

Barnet propertyThe property in this area caters well for retirees and young couples who do not have large families. alt="Barnet property">Socially rented accommodation represents a significant percentage of the total rented accommodation in the area at 18.1%.

Barnet propertyThe majority of property in this area is owner occupied.

Barnet propertyThe average price of a two bed property in this area is higher than the national average of £187894 at £234829.

Who lives here:

Barnet propertyBarnet propertyThe average age in this area is 35.
Barnet propertySingle people make up 40.1% of the population in this postcode district.
Barnet propertyAverage working hours in this area for men are 42 and for women are 34.
Barnet propertyThis is one of the most densely populated places in the country, with 49.9 people per square kilometre.
Barnet propertyThe largest source of work in this area is Real Estate (18.9% of workers), followed by Wholesale & Retail (15.8%).
Barnet propertyThis area has one of the highest proportions of degree educated people in the country, at 33.4%.
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