House prices in N10 2 (New Southgate)

This article reveals price per square metre data and various charts to help you understand current housing market in New Southgate, London (N10 2).

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Defining 'N10 2'

This analysis is limited to properties whose postcode starts with "N10 2", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it New Southgate.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

Search Area:

Change sector

FYI, a postcode sector is the full postcode without the last two letters.

Price per square metre

Knowing the average house price in New Southgate is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 19, Alexandra Road, New Southgate, London, sold for £325,000 on Feb-2024. Given the internal area of 63 square metres, the price per sqm is £5,158.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £7,600-£8,000, £8,000-£8,400, £8,400-£8,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 139 sales in New Southgate (N10 2) that took place in the last two years.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in New Southgate (N10 2). Of the 139 transactions, half were sold for between £6,540 and £9,080 per square metre. The median, or 'middle', price per square metre in 'N10 2' is £7,980. Notably, only 25% of properties that sold recently were valued at more than £9,080 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for New Southgate, London

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring London. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for New Southgate, London

Comparison with neighbouring postcode sectors

The table below shows how 'N10 2' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
N10 2 New Southgate	£6,540 sqm	£7,980 sqm	£9,080 sqm
N10 3 Highgate	£7,790 sqm	£8,940 sqm	£9,990 sqm
N10 1 Highgate	£6,300 sqm	£7,200 sqm	£8,590 sqm

Will London house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for N10 2 (New Southgate) compared with both the wider area N10 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for London to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about London and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

Street level data

Street	Avg size	Avg £sqm	Recent sales
Alexandra Road, New Southgate, N10 2E	69 sqm	£6,183	21
Sydney Road, New Southgate, N10 2R	75 sqm	£7,355	18
Sydney Road, New Southgate, N10 2N	73 sqm	£5,938	11
Pembroke Road, New Southgate, N10 2H	90 sqm	£6,711	11
Muswell Road, New Southgate, N10 2B	156 sqm	£9,045	10
Alma Road, New Southgate, N10 2N	75 sqm	£5,532	9
The Avenue, New Southgate, N10 2Q	199 sqm	£8,723	9
Muswell Avenue, New Southgate, N10 2E	130 sqm	£9,045	8

Search for your street here.

Raw data

Our analysis of New Southgate is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	sqm	£/sqm
19, Alexandra Rd, New Southgate, London	£325,000 Feb-2024	63	5,158
1, Alma Rd, New Southgate, London	£800,000 Jan-2024	106	7,547
234a, Sydney Rd, New Southgate, London	£350,000 Jan-2024	47	7,446

See the entire list of all sales in New Southgate (N10 2) here.