1, LEE CLOSE, BARNET, EN5 5HP - £212,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 LEE CLOSE is a small flat of 53m², built sometime between 1996 and 2002, which could now be worth an estimated £319,944. It was last sold for £212,500 in September 2011, which was around 13% below the average September 2011 flat price in the Barnet local authority area. The most recent EPC inspection was December 2008, where the current energy rating was D, and the potential energy rating was C.

1 LEE CLOSE Sold Prices

Land registry data shows four sales for 1 LEE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average flat price in the Barnet local authority area for the corresponding sale date. All of the four 1 LEE CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2011 7 SEP	£212,500	£244,979	13% below HPI
2003 12 MAR	£160,000	£193,865	17% below HPI
1998 30 JUN	£84,500	£90,876	7% below HPI
1997 9 APR	£72,053	£76,368	6% below HPI

What might 1 LEE CLOSE be worth now?

1 LEE CLOSE might now be worth an estimated £319,944.

This is based on house price inflation of 50.6%, between September 2011 and May 2026, for flats, in the Barnet local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 50.6% inflationary increase is applied to the most recent sale price for 1 LEE CLOSE of £212,500 on 7th September 2011. For the value to have increased from £212,500 to £319,944 over the fifteen years and four months to May 2026, the following assumptions must hold true:

• The value of 1 LEE CLOSE has moved in line with the HPI for flats in the Barnet local authority area.
• The September 2011 sale price of £212,500 represented a fair market value for the property.
• The size, condition, and specification of 1 LEE CLOSE has not materially changed since September 2011.

How Large is 1 LEE CLOSE?

1 LEE CLOSE is 53m² according to the EPC inspection conducted in December 2008. This puts it in the smallest 40% of flats in Barnet, based on EPC data. 37% of flats are smaller than 1 LEE CLOSE, and 63% of flats are larger. Note that EPC data is not available for all properties in Barnet.

1 LEE CLOSE: Plot

1 LEE CLOSE sits on a plot of roughly 1.3 acres, or 5,338m².

Where is 1 LEE CLOSE?

1 LEE CLOSE is located in BARNET, in the EN5 postcode district.