Market outlook for N3
Key indicators for buyers
The N3 market is moderately favourable for buyers. Prices have softened (-25.1%), 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 £569,667 with a 25% deposit (£142k), a 2-year fixed mortgage at 3.97% costs around £2,248 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses N3 avg. price with Barnet rental data
Monthly mortgage payments (£2,248) are £322 more than renting (£1,926). However, buying requires an upfront deposit of £142k — it would take around 12 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 |
|---|---|---|---|
21, CROMWELL ROAD, FINCHLEY N3 2ET | Semi-detached | £625,000 | 15 Jan 2026 |
50, CHURCH CRESCENT N3 1BJ | Semi-detached | £585,000 | 14 Jan 2026 |
FLAT 2, HADLEY COURT, 223, BALLARDS LANE, FINCHLEY N3 1NB | Flat/Maisonette | £499,000 | 9 Jan 2026 |
AMBLESIDE, VINES AVENUE N3 2QD | Semi-detached | £875,000 | 19 Dec 2025 |
19, ST MARYS AVENUE N3 1SN | Semi-detached | £1,350,000 | 19 Dec 2025 |
61, SPENCER CLOSE N3 3TY | Flat/Maisonette | £825,000 | 19 Dec 2025 |
26, WAVERLEY GROVE N3 3PX | Terraced |
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.