Barnet Area Guide

Barnet is a haven for homeowners seeking the best of the buzz of city culture while maintaining the tranquillity of green open spaces and near-countryside living. It is no wonder that Barnet is the most populous London borough.

Barnet is a haven for homeowners seeking the best of the buzz of city culture while maintaining the tranquillity of green open spaces and near-countryside living. It is no wonder that Barnet is the most populous London borough. Occupying 33 square miles spanning from Edgeware to High Barnet and from Brunswick Park to Childs Hill, this is London’s 4th largest by size, and is the largest by population.

Property market

£577k Average house price
£1,600 Average Rent, 2 Bed
4% Average yield
8% Price growth over last 5 years
24% Price growth 5-years forecast
14% Rental growth over last 5 years
18% Rental growth 5-years forecast

Lifestyle

29 Number of ‘Outstanding’ primary schools
9 Number of ‘Outstanding’ secondary schools
505 Restaurants and cafes
3,060 Number of shops
38% Proportion of open space
19 Number of stations
2 PTAL (Public Transport Accessibility Level)

The borough has a programme of regeneration and growth aiming to deliver 27,000 new homes and approximately 30,000 jobs to Barnet - the most of any outer London borough. Barnet also contains one of the largest regeneration projects in Europe at Brent Cross Cricklewood. This £4.5 billion project aims to provide up to 10,000 homes and create 20,000 jobs over 800 acres.

This project will deliver a new town centre for Barnet and North London, and includes the redevelopment of Brent Cross shopping centre, the creation of over 4 million sq ft of new office space, new and improved parks totalling 65 acres, and new schools, healthcare, and leisure facilities. It will also see the construction of a new Thameslink mainline station. This is due to open in 2022 and will reduce travel times to Kings Cross to just 15 minutes.

 

Insights

 

  • House prices are 12% higher than the London average

  • Average rent for a 2-bed flat is 11% lower than the London average

  • House price growth over the last 5 years was 8%, lower than London at 10%. However, over the next 5 years, house price growth is expected to be 24%, higher than London at 19%

  • Average asking rents grew 14% over the last 5 years, in line with the London average

  • Over the next 5 years, average rents are expected to grow by 18%, higher than London at 14%

  • 33% of the borough's primary schools are rated as outstanding by Ofsted, higher than the London figure of 27%

  • 36% of the borough's secondary schools are rated as outstanding by Ofsted, in line with the figure for London overall

  • 91 shops per square mile, higher than the figure for London of 73.48

Barnet has the oldest tree in London (2000 years old — in St Andrew's churchyard in Totteridge).

I love spending the weekends taking my son to Friary Park, followed by a trip to the world famous Royal Airforce Museum. My hidden gem is the Orange Tree, a secluded pub in Totteridge Village with a stunning outdoor area overlooking all the fishing lakes.

London boroughs

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Disclaimers

 

  • Average 2-bed yield is calculated by REalyse using median 2-bed asking rent and median 2-bed sales prices.  
  • Rental growth over the last five years is for all property (not 2-beds).
  • All data is the latest available as of January 2022.
  • PTAL – Transport for London's (TFL) Public Transport Accessibility Levels (PTALs) are a detailed and accurate measure of the accessibility of a point to the public transport network, taking into account walk access time and service availability. Each area is graded between 0 and 6b, where a score of 0 is very poor access to public transport, and 6b is excellent access to public transport.

 

Sources

 

  • Average Price – ONS, October 2021
  • Asking rent – Realyse, December 2021
  • Yield – Realyse, December 2021
  • House price and rental forecasts – CBRE Research
  • Outstanding primary and secondary schools – OFSTED (December 2021)
  • Number of cafes and restaurants – ONS (2020)
  • Number of shops – ONS (2021)
  • Open space – GiGL (2015)
  • Number of stations – TfL (2015)
  • PTAL – TfL (2015)