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Enfield is the northernmost borough of North London, but its proximity to the city centre and good transport links make it a desirable moving destination for many families and young professionals. The borough can be a great place to live, but if you’re looking to move away, what can you expect when selling your home in Enfield?
Looking to sell your Enfield home?
It’s no secret that property prices have been on the rise across the whole of London and surrounding areas. Enfield properties have been no exception to this, but are still less so than most other boroughs in north London.
The average asking price for a property in the Borough of Enfield is currently £578,805, although this will obviously fluctuate depending on your property type and exact location. Flats will normally sell for around £390,253, while detached properties reach an average price tag of £1,246,918.
Looking to rent your home?
If you are moving away but looking to rent out your property, you can expect an average monthly rental of £1,380.
Again, this will depend on the type of property you will be renting out; singular rooms in a property will reach an average rental of £516, with flats going for £1,206 PCM and whole properties giving you a monthly income of £1,799.
Buyer demographic in Enfield
The average age in the borough is 36, so you will most likely receive interest from young professionals and families when advertising your property in Enfield.
On average, you should expect your property to sell within 61 days of first being advertised. Terraced homes are the most demanded property in the area, selling in just 45 days, while flats will take around 74 days before being sold. This is primarily because flats currently saturate the Enfield market.
Rental properties will generally spend 116 days on the market, while singular rooms are most in demand, taking just 31 days on the market before finding a tenant.
Similar locations to Enfield
The Borough of Enfield encapsulates the countryside and London life into one area. If you are looking for more countryside while remaining in London, you might want to consider moving to the neighbouring borough of Barnet. However, if you are looking to lower your commuting time into the City, you should consider moving to Haringey or Islington.
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