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Southgate House Prices Southgate House Prices

The average house price in Southgate is £671,500 using HM Land Registry data.

The average property price increased by £138,350 (25.35%) over the last 5 years and increased by £27,657 (4.21%) over the last 12 months.

Over the last year, there were 225 residential property sales – a decrease of 131 transactions (-58.22%) relative to the previous year. The majority of house sales (60) were in the £340,000 - £488,000 range. Then came properties in the £636,000 - £784,000 range, where 42 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 104 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-23,726 (-2%).

In Oct 24, there were 61 new estate agency instructions, 40 agreed home sales and 45 property price reductions.

Neighbouring Areas: Alexandra Palace, Bounds Green, Brunswick Park, Friern Barnet, Bowes, Cockfosters, Enfield, Oakwood, Palmers Green, Winchmore Hill, Wood Green

Postcodes Covered: N11, N13, N14, N21, N22

5-Year Average Property Prices in Southgate

25.35%

Property prices in Southgate increased by 25.35% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Southgate Over the Last Year

4.21%

Property prices in Southgate increased by 4.21% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Southgate - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Southgate

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Southgate

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Southgate

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Southgate since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Southgate area since 1995.

Recent Property Sales in Southgate

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
13 Mayfair Terrace, London, Greater London, N14 6HU£800,000£795,000-£5,00028 Mar 202427 Aug 2024152 Days
152 Whittington Road, London, Greater London, N22 8YL£675,000£640,000-£35,00005 Jan 202401 Aug 2024209 Days
10 Pine Close, London, Greater London, N14 5QA£550,000£250,000-£300,00005 Jul 202431 Jul 202426 Days
14 Byland Close, London, Greater London, N21 1QH£440,000£434,000-£6,00020 Sep 202329 Jul 2024313 Days
12 Brookside, London, Greater London, N21 1JT£450,000£440,000-£10,00007 Nov 202322 Jul 2024258 Days
Flat 25, Heathdene, Chase Side, London, Greater London, N14 5PR£350,000£337,500-£12,50020 Feb 202419 Jul 2024150 Days
97 Dalrymple Close, London, Greater London, N14 4LQ£340,000£335,000-£5,00010 Jan 202411 Jul 2024183 Days
Flat 12, High Beech, Eversley Park Road, London, Greater London, N21 1NS£325,000£325,000£0019 Aug 202308 Jul 2024324 Days
22 Houndsden Road, London, Greater London, N21 1LT£925,000£917,500-£7,50024 Jan 202404 Jul 2024162 Days
33 Colebrook Way, London, Greater London, N11 1SZ£575,000£570,000-£5,00012 Mar 202428 Jun 2024108 Days
58 Park View, London, Greater London, N21 1QX£950,000£935,000-£15,00025 Jan 202424 Jun 2024151 Days
6 York Road, London, Greater London, N11 2TG£895,000£865,000-£30,00011 Jan 202407 Jun 2024148 Days
62 Selborne Road, London, Greater London, N14 7DG£1,100,000£1,050,000-£50,00028 Sep 202331 May 2024246 Days
71 Springfield Road, London, Greater London, N11 1RL£975,000£940,000-£35,00006 Nov 202328 May 2024204 Days
2a, Wilmer Way, London, Greater London, N14 7JB£690,000£670,000-£20,00029 Nov 202317 May 2024170 Days
15 Evesham Road, London, Greater London, N11 2RR£750,000£744,000-£6,00025 Jan 202410 May 2024106 Days
16 Milton Grove, London, Greater London, N11 1AX£629,000£610,000-£19,00017 Oct 202310 May 2024206 Days
11 Pevensey Avenue, London, Greater London, N11 2RB£575,000£515,000-£60,00004 Oct 202303 May 2024212 Days
142 Fox Lane, Southgate, London, Greater London, N13 4BA£1,395,000£1,365,000-£30,00023 Nov 202301 May 2024160 Days
6 Union Road, London, Greater London, N11 2SE£600,000£575,000-£25,00004 Oct 202325 Apr 2024204 Days

Most Expensive Streets in Southgate

PostcodeStreetAreaAverageNo. of Sales
N14 6PABourne AvenueLondon£1,686,9995
N14 7DXForestdaleLondon£1,305,0003
N14 6QUParkwayLondon£1,288,3333
N14 6PDBourne AvenueLondon£1,281,5004
N14 6RGQueen Elizabeths DriveLondon£1,162,5003
N14 6NNGreenwayLondon£1,110,0003
N14 6RDQueen Elizabeths DriveLondon£1,082,2779
N14 7HHTownsend AvenueLondon£1,068,5836
N14 6LNThe MallLondon£1,060,8005
N21 1QTWynchgateLondon£1,052,3754

Least Expensive Streets in Southgate

PostcodeStreetAreaAverageNo. of Sales
N13 4EFLily WayLondon£155,2504
N11 1RUCedar CourtUpper Park Road£213,3333
N14 4BWAvenue RoadLondon£220,30518
N14 4ENGrove CloseAvenue Road£223,0003
N14 5HUHeathdeneChase Side£283,6663
N14 4LQDalrymple CloseLondon£285,3336
N14 6DALeigh Hunt DriveLondon£291,3333
N21 1QLPark HouseWinchmore Hill Road£303,7504
N11 2BEHaywood CourtOak Lane£325,1663
N22 8YWWhittington RoadLondon£330,0003

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