16, LEE CLOSE, BARNET, EN5 5HP - £295,000

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.

16 LEE CLOSE is a small flat of 50m², built sometime between 1996 and 2002, which could now be worth an estimated £282,027. It was last sold for £295,000 in June 2021, which was around 24% below the average June 2021 flat price in the Barnet local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was C.

16 LEE CLOSE Sold Prices

Land registry data shows three sales for 16 LEE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Barnet local authority area for the corresponding sale date. All of the three 16 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
2021 24 JUN	£295,000	£385,812	24% below HPI
1998 19 JUN	£30,000	£90,876	67% below HPI
1998 30 JAN	£62,500	£85,871	27% below HPI

What might 16 LEE CLOSE be worth now?

16 LEE CLOSE might now be worth an estimated £282,027.

This is based on house price deflation of 4.4%, between June 2021 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 4.4% deflationary decrease is applied to the most recent sale price for 16 LEE CLOSE of £295,000 on 24th June 2021. For the value to have decreased from £295,000 to £282,027 over the five years and one month to May 2026, the following assumptions must hold true:

• The value of 16 LEE CLOSE has moved in line with the HPI for flats in the Barnet local authority area.
• The June 2021 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 16 LEE CLOSE has not materially changed since June 2021.

How Large is 16 LEE CLOSE?

16 LEE CLOSE is 50m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 30% of flats in Barnet, based on EPC data. 29% of flats are smaller than 16 LEE CLOSE, and 68% of flats are larger. Note that EPC data is not available for all properties in Barnet.

16 LEE CLOSE: Plot

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

Where is 16 LEE CLOSE?

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