3, GALLEY LANE, BARNET, EN5 4AR - £1,320,000

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.

3 GALLEY LANE is a very large extended detached house of 292m², built sometime between 1976 and 1982, which could now be worth an estimated £1,470,273. It was last sold for £1,320,000 in September 2019, which was around 6% below the average September 2019 detached price in the Barnet local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was C.

3 GALLEY LANE Sold Prices

Land registry data shows three sales for 3 GALLEY LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Barnet local authority area for the corresponding sale date. One of the three 3 GALLEY LANE sales was for below the average price, whilst two were for above 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
2019 18 SEP	£1,320,000	£1,397,540	6% below HPI
2000 27 OCT	£685,000	£493,310	39% above HPI
2000 14 JAN	£630,000	£424,775	48% above HPI

3 GALLEY LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Barnet local authority area over time, sourced from the HPI. The three 3 GALLEY LANE sales between January 2000 and September 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2000 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the September 2019 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 3 GALLEY LANE be worth now?

3 GALLEY LANE might now be worth an estimated £1,470,273.

This is based on house price inflation of 11.4%, between September 2019 and February 2025, for detached houses, in the Barnet local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.4% inflationary increase is applied to the most recent sale price for 3 GALLEY LANE of £1,320,000 on 18th September 2019. For the value to have increased from £1,320,000 to £1,470,273 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 GALLEY LANE has moved in line with the HPI for detached houses in the Barnet local authority area.
• The September 2019 sale price of £1,320,000 represented a fair market value for the property.
• The size, condition, and specification of 3 GALLEY LANE has not materially changed since September 2019.

How Large is 3 GALLEY LANE?

3 GALLEY LANE is 292m², which includes two extensions, according to the EPC inspection conducted in October 2013. This puts it in the largest 10% of detached houses houses in Barnet, based on EPC data. The below chart shows the distribution of detached houses houses by size in Barnet, and where 3 GALLEY LANE lies on this distribution: 95% of detached houses houses are smaller than 3 GALLEY LANE, and 5% of houses are larger. Note that EPC data is not available for all properties in Barnet.

3 GALLEY LANE: Plot and Title Map

3 GALLEY LANE sits on a plot of roughly 0.206 of an acre, or 834m². The below map shows the location of 3 GALLEY LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 3 GALLEY LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 3 GALLEY LANE?

3 GALLEY LANE is located in BARNET, in the EN5 postcode district. The below map shows the position of No. 3 on GALLEY LANE.