A big population with big opportunities
The borough of Barnet has the second highest population of the thirty-two London boroughs with around 331,500 residents.
Plans have been drawn up for a £100 million state of the art waste recycling plant in Barnet, with the aim of recycling 70% of household and commercial waste by 2020, which will lead to dramatic reductions in CO2 emission.
Property prices in Barnet, while slightly higher than some of its surrounding neighbours, are still lower than the London average. They saw a healthy increase of 14.5% last year, making it a very appealing area to live in, especially for commuters who can be in the city in just 45 minutes by train. Barnet Council is expecting to see an increase in property prices of up to 20.7% within the next five years. Major innovation and developments are planned in Barnet over the next 10-15 years which will see significant population growth in new and improved neighbourhoods and significant investment in supporting facilities and infrastructure. The range of projects includes the regeneration of the four largest estates and the development of the three strategic growth areas identified as the Cricklewood, Brent Cross and West Hendon regeneration area, Colindale and Mill Hill East. That means Barnet property investment is ideal if you’re interested in London regeneration areas.
For more information download a free Barnet Property Investment Guide.
Economy & Employment
Low unemployment and a highly skilled workforce make Barnet and attractive prospect.
Employment figures for Barnet are impressive, an above average number are employed, with some of the lowest levels of unemployment throughout London. Workers here are also predominantly a higher than average skilled labour force. Barnet also boasts the highest number of self-employed people of all the London boroughs.
With the higher skills levels found in the population of Barnet, there are more jobs within managerial and professional services. Additionally a large proportion of the population commute to the city for business.
Barnet was an innovation leader in the 1970s when the Brent Cross Shopping Centre was built, it was the first American-style out-of-town shopping centre in the United Kingdom. Today McDonald’s has its UK headquarters in East Finchley.
To find out more information download your free Barnet Property Investment Guide.
Part of Barnet’s innovation is a £4.5 billion regeneration project of Cricklewood, Brent Cross.
Major infrastructure improvements are in place for the regeneration and transformation of the tube station, with new bus and rail stations. Alongside these improvements new retail, leisure and dining will all be catered for.
Plans for a major regeneration of the Dollis Valley area in Chipping Barnet have been submitted to Barnet Council by Countryside Properties. The proposed new development will involve the construction of 631 new affordable, private and rented homes in a wide range of designs and sizes to suit the differing needs of families. The plans have been developed by Countryside in conjunction with L&Q, one of the UK’s leading housing associations.
A radical programme is nearly completed to transform Grahame Park, Colindale. With around 3,000 new homes set to be complete by 2018. These plans will remodel the layout of the area, in order to connect it to the surrounding areas and link the homes and services with other developments in Colindale, the plans include new community and retail facilities.
The Housing Corporation earmarked a £15 million Social Housing Grant to fund the provision of 159 affordable homes on adjacent sites, alongside the government awarded £7 million from the Opportunity Borough Fund to improve access in and out of this area.
Road: the M1 motorway crosses to the south of Barnet. Brent Cross is at Jcn 1 with Edgware near Jcn 2, and Jcn 4 is near Elstree (there is no junction 3). The A406 crosses the borough and the A5 also runs along the border, so there is good road connectivity throughout.
Bus: As you would expect, good bus services are available throughout Barnet’s borough, making travel to central London and the surrounding areas easily accessible.
Tube: The Northern line serves the borough with central London taking approximately 40 minutes.
Rail: The borough of Barnet is served by the East Coast Main Line, Midland Main Line and Thameslink to its three rail stations, Mill Hill Broadway, Hendon and Cricklewood.
The borough of Barnet has a large selection of schools in its catchment, with 86 primary schools, 22 secondary schools, 4 special schools and 4 independent schools.
In addition, there are 2 colleges and easy access to all the world-class universities on offer in the city of London.
Further Education: Woodhouse College in North Finchley and Barnet College which is set over five sites in the borough offer the Further Education in the districts.
Higher Education: Middlesex University and University College London, offer a varied selection of courses in the borough for seekers of Higher Education.
Shops & Leisure
Shopping & Dining: There is no shortage of shopping experiences in Barnet. The Spires Shopping Centre in High Barnet has almost every major retailer you would expect to find. When completed The Brent Cross Cricklewood regeneration will draw visitors from far & wide to sample its assortment of shopping, dining & leisure facilities.
Sport & Culture: There is a wide assortment of leisure activities from gyms, swimming and golf courses to live music, cinemas, theatre and the arts.
Green Spaces: Being located on the Hertfordshire border, green space is not in short supply, with countless parks, gardens and the famous Dollis Valley Greenwalk which is a mere ten-mile stroll from Barnet to Totteridge, there is plenty for available for the outdoor lovers to explore.