Market outlook for N11
Key indicators for buyers
The N11 market is moderately favourable for buyers. Prices have softened (-13.7%), which could present a buying opportunity. Affordability has improved from a peak of 17.3x in 2022 to 14.9x today. Rising rents (£1,926/mo, +5.8%) mean the cost of waiting is real.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Barnet area
A home in Barnet costs 14.9x the local median salary — very stretched, improving from a peak of 17.3x in 2022.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Barnet area
Average monthly rent in Barnet is £1,926, up 5.8% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Barnet price of £509,027 with a 25% deposit (£127k), a 2-year fixed mortgage at 3.97% costs around £2,009 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses N11 avg. price with Barnet rental data
Monthly mortgage payments (£2,009) are £83 more than renting (£1,926). However, buying requires an upfront deposit of £127k — it would take around 9 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
49, GREENWAY CLOSE N11 3NS | Flat/Maisonette | £115,000 | 27 Jan 2026 |
52, BLAKE ROAD, BOUNDS GREEN N11 2AH | Semi-detached | £910,000 | 20 Jan 2026 |
FLAT 19, MONTMORENCY HOUSE, 109, STATION ROAD N11 1QH | Flat/Maisonette | £530,000 | 16 Jan 2026 |
FLAT 8, KILNSEY COURT, 15, WINTERBURN CLOSE N11 3EB | Flat/Maisonette | £310,000 | 12 Jan 2026 |
FLAT 3, CHERVIL COURT, 1, VALERIAN WALK N11 1FA | Flat/Maisonette | £333,267 | 9 Jan 2026 |
14, YORK ROAD N11 2TE | Terraced | £969,000 | 9 Jan 2026 |
139, FRIERN BARNET ROAD N11 3DX |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.