According to the public record, 71, Somerset Road, Barnet is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 2,192 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Somerset Road, New Barnet, Barnet, EN5 is located in the borough of Barnet within the EN5 postal district.
71, Somerset Road, Barnet has a single entry in the Land Registry database from October 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 71 Somerset Road Barnet as £1,113,610 and the rental value as £3,652 per month giving an expected gross yield of 3.9%.
Over the last 12 months the sale value of 71 Somerset Road Barnet has increased by £11,544 (1.0%) and its rental value has increased by £189 per month (5.2%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 71, Somerset Road, Barnet is in very good condition we estimate a sale value of £1,169,290 and rental value of £3,835 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,035,657 and a rental value of £3,397 per month.
If you were able to purchase this property for the estimated value of £1,113,610, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £5,473 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 71, Somerset Road, Barnet was last sold on 21 Oct 2008 for £765,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Oct 2008, the market for similar properties has risen 94.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 71, Somerset Road, Barnet within a radius of 400 metres over the last 2 years.
The most recent example is 31, York Road, Barnet, EN5 1LL, a Freehold house which sold for £950,000 in Aug 2022.
Read more about house prices in EN5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somerset Road, New Barnet, Barnet, EN5 has a total of 203 addresses. According to our analysis of all the public data, 71, Somerset Road, Barnet is the 13th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £489k more expensive than the average property in EN5.
The closest station to 71, Somerset Road, Barnet is New Barnet station which is 100 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 71, Somerset Road, Barnet, 44.4% of property is privately owned outright and 34.9% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 71, Somerset Road, Barnet, 19.2% of residents are recorded as possessing school level qualifications and 57.8% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 71, Somerset Road, Barnet, the average age was 40.4 and the most common age was 37.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 71, Somerset Road, Barnet, 1.7% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 71, Somerset Road, Barnet, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.