The New Year is an excellent time of year for people to make positive changes in their life. For some people, this will be a business change, and for others, it will be a change with respect to their personal life.
This could see many people moving homes, and it is likely there will be demand for rental property in the New Year.
Tenants will be looking for a place that fits within their budget, and meets their basic needs with respect to travel, shopping and feeling safe.
However, people also want to feel as though they enjoy themselves at home, and they need to feel settled and comfortable. Therefore, it is likely people will want to move to an area where they feel right at home, and at David Harris & Co, we believe Finchley is a good place to live.
Finchley has a lot to offer
There are good commuter options in Finchley, with the Northern Line connecting you to the heart of the capital quickly and reliably. You also have bus routes opening up a range of travel options.
Located in Zones three and four, Finchley ensures you feel close to London, but you also feel far enough away at the same time.
With fantastic independent stores and well-regarded restaurants, you don’t need to venture far from Finchley to have a brilliant time.
How are house prices in Finchley?
According to Rightmove, as we entered 2022, house prices in Finchley are as follows;
“Properties in Finchley had an overall average price of £683,502 over the last year.
The majority of sales in Finchley during the last year were flats, selling for an average price of £426,065. Semi-detached properties sold for an average of £933,437, with terraced properties fetching £728,733.
Overall, sold prices in Finchley over the last year were 9% up on the previous year and 10% up on the 2017 peak of £623,598.”
As you can see from the figures above, house prices rose in Finchley across 2021, and that isn’t a surprising outcome. Property prices across the country rose, and while there are many reasons for this, there is a greater level of demand for homes than there are homes being supplied.
This is also the case in the rental market, which means there is a great opportunity for landlords in the local area. If you are a Finchley landlord, or you are keen to enter the Finchley rental market in an effective manner, please get in touch, and we will be more than happy to assist you.
According to the home.co.uk website, there was a total of 214 rental properties in Finchley on offer just before Christmas. 50 of these properties were placed onto the market 14 days before this check. The average rent for property in Finchley at this time was stated as £1,938 per calendar month.
If you have any questions about the housing market, or you need assistance, please contact David Harris & Co today. Call us on 0208 346 9122.
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