2 Bed Flat, Single Let, Watford, WD17 4BQ, £290,000

Silas Court, Lockhart Road, Watford, WD17 4BQ - a year ago

Leasehold
BTL
ROI: 3%
~60 m²
+4 photos

ValuationUndervalued

Sold Prices£115K - £435K
Sold Prices/m²£2.3K/m² - £7.6K/m²

 

 

Square Metres

~60.20 m²
Price/m²£4.8K/m²

Value Estimate

£301,773
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£17,700

Total Cash In

£90,200

 

 

Cash Out

 

Rent Range

£1,200 - £3,100

Rent Estimate

£1,469

Running Costs/mo

£1,220

Cashflow/mo

£249

Cashflow/yr

£2,987

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £115K to £435K, average is £290K. £2.3K/m² to £7.6K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£335K02/210.11 mi23, The Spinney, Watford, Hertfordshire WD17 4QF2
£355K09/210.11 mi31, The Spinney, Watford, Hertfordshire WD17 4QF2
£310K07/210.11 mi28, The Spinney, Watford, Hertfordshire WD17 4QF2
£297K10/200.11 mi2, The Spinney, Watford, Hertfordshire WD17 4QF2
£350K04/230.11 mi31, The Spinney, Watford, Hertfordshire WD17 4QF2
£325K11/200.21 mi14, Bellamy Close, Watford, Hertfordshire WD17 4YJ2
£410K02/230.22 mi11, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£200K12/200.22 mi12, Church Road, Watford, Hertfordshire WD17 4PU2
£200K12/200.22 mi12, Church Road, Watford, Hertfordshire WD17 4PU2
£420K06/210.23 mi6, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£400K08/230.23 mi16, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£342.5K09/200.27 miFlat 47, Roseberry Court, Grandfield Avenue, Watford, Hertfordshire WD17 4PQ2
£365K04/210.27 miFlat 33, Roseberry Court, Grandfield Avenue, Watford, Hertfordshire WD17 4PQ2
£330K11/230.27 miFlat 7, Roseberry Court, Grandfield Avenue, Watford, Hertfordshire WD17 4PQ2
£340K11/220.32 miTop Flat, 77, Sussex Road, Watford, Hertfordshire WD24 5HR2
£200K02/240.42 miMalden Lodge, Flat 9, Alexandra Road, Watford, Hertfordshire WD17 4BS2
£272.5K03/230.47 mi15, Sandringham Road, Watford, Hertfordshire WD24 7AY2
£252.5K01/210.51 miFlat 19, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£280K04/230.51 miFlat 26, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£250K05/210.51 miFlat 21, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£275K05/230.51 miFlat 24, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£255K11/230.51 miFlat 25, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£237.5K06/230.51 mi326a, St Albans Road, Watford, Hertfordshire WD24 6PQ2
£310K12/200.51 mi17a, Essex Road, Watford, Hertfordshire WD17 4EL2
£258.5K02/230.52 miFlat 15, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£408K02/230.52 mi4b, Essex Road, Watford, Hertfordshire WD17 4EP2
£377.5K12/220.53 mi34a, Hempstead Road, Watford, Hertfordshire WD17 4ER2
£290K06/210.55 mi9, Leaford Crescent, Watford, Hertfordshire WD24 5JQ2
£250K05/210.55 mi172, Cassiobury Drive, Watford, Hertfordshire WD17 3AJ2
£350K06/210.58 mi19, Bromet Close, Watford, Hertfordshire WD17 4LP2
£340K12/200.58 mi41, Bromet Close, Watford, Hertfordshire WD17 4LP2
£435K04/210.6 mi35, St Johns Road, Watford, Hertfordshire WD17 1QB2
£280K02/230.62 miFlat 8, Roedean House, Exeter Close, Watford, Hertfordshire WD24 4BN2
£300K10/200.63 miFlat 8, Lancing House, Hallam Close, Watford, Hertfordshire WD24 4RL2
£274K02/210.63 mi396b, St Albans Road, Watford, Hertfordshire WD24 6PJ2
£285K07/230.65 mi150, Norbury Avenue, Watford, Hertfordshire WD24 4PE2
£290K11/230.65 mi156, Norbury Avenue, Watford, Hertfordshire WD24 4PE2
£292.5K11/230.66 miFlat 9, Andrew Reed Court, Keele Close, Watford, Hertfordshire WD24 4RU2
£270K11/220.66 miFlat 4, Wellington House, Exeter Close, Watford, Hertfordshire WD24 4BP2
£275K06/210.67 miFlat 13, Westminster House, Hallam Close, Watford, Hertfordshire WD24 4RJ2
£273K10/220.68 mi92, Norbury Avenue, Watford, Hertfordshire WD24 4PD2
£325K05/210.69 miFlat 21, Elizabeth House, Exeter Close, Watford, Hertfordshire WD24 4RE2
£285K10/210.69 miFlat 12, Cheltenham House, Exeter Close, Watford, Hertfordshire WD24 4BL2
£309K09/210.69 mi2, Beechwood Rise, Watford, Hertfordshire WD24 6SF2
£324K03/230.7 mi7, Devon Road, Watford, Hertfordshire WD24 4HP2
£273K10/220.7 mi92b, Southwold Road, Watford, Hertfordshire WD24 7FH2
£270K10/220.7 miFlat 17, Badminton House, Anglian Close, Watford, Hertfordshire WD24 4RG2
£275K06/210.72 miFlat 5, Canterbury House, Anglian Close, Watford, Hertfordshire WD24 4RH2
£220K07/210.73 mi31, Gladesmere Court, Watford, Hertfordshire WD24 6LX2
£115K02/210.73 mi11, Gladesmere Court, Watford, Hertfordshire WD24 6LX2

Local Rents

53 rents from £1.2K/mo to £3.1K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,77501/250.01 mi-2
£1,80010/240.05 mi-2
£1,60010/240.05 mi-2
£1,65002/240.07 mi-2
£1,20003/240.07 miWillow Grange, Watford, Hertfordshire2
£1,65011/240.1 mi-2
£1,65011/240.1 mi-2
£1,55010/240.13 miParker Street, Watford2
£1,70001/250.15 mi-2
£2,20610/240.15 mi-2
£2,08603/250.15 mi-2
£1,65010/240.16 mi-2
£1,59912/240.16 mi-2
£1,70002/250.16 mi-2
£1,70001/250.16 miParker Street, Watford, WD242
£1,65002/250.17 mi-2
£1,50001/240.17 mi-2
£1,55001/250.17 mi-2
£2,70010/240.17 mi-2
£2,95012/240.17 mi-2
£2,95012/240.17 mi-2
£2,55001/250.17 mi-2
£2,55003/250.17 mi-2
£2,75003/250.17 mi-2
£2,95012/240.19 mi-2
£3,05003/250.19 mi-2
£1,50010/240.21 mi-2
£1,80010/240.21 mi-2
£1,59503/250.21 mi-2
£1,60002/240.21 mi-2
£1,65012/240.22 mi-2
£1,70011/240.23 mi-2
£1,70011/240.23 mi-2
£1,89503/250.26 mi-2
£1,95011/240.28 mi-2
£1,80012/240.28 mi-2
£1,50001/250.28 mi-2
£1,60010/240.29 mi-2
£1,60012/240.29 mi-2
£1,85010/240.29 miConway Court, Marri Street, Watford2
£1,75010/240.29 miConway Court, Watford2
£1,50002/250.31 mi-2
£1,30003/250.31 mi-2
£1,80003/250.31 mi-2
£1,89510/240.33 mi-2
£2,00010/240.36 mi-2
£1,45010/240.37 miSt. Albans Road, Watford, Hertfordshire, WD242
£3,10001/240.39 mi-2
£2,90002/250.39 mi-2
£1,70002/250.4 mi-2
£1,80003/250.4 mi-2
£1,90010/240.41 mi-2
£1,90010/240.41 miSalisbury Road, Watford, WD242

Local Area Statistics

Population in WD17

15,825

Population in Watford

117,094

Town centre distance

0.53 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £290,000

February 17, 2025

Listed for £300,000

February 15, 2024

Floor Plans

Description

  • 2 bed Ground Floor Flat +
  • High Ceilings +
  • 2 good sized bedrooms +
  • Open Plan Living Room / Kitchen +
  • Family Bathroom +
  • Allocated off street parking +
  • Communal Garden +
  • Gated Development +
  • Close to town centre +
  • *** CHAIN FREE *** +

* CHAIN FREE * Beautiful 2 bed ground floor flat, with high ceilings and allocated off street parking, set in an exclusive gated developement near Watford Town Centre.

The flat contains; 2 good sized bedrooms, open plan kitchen / living / dining room, family bathroom and storage cupboard.

The property also benefits from mains gates, allocated off street parking and access to communal gardens.

The flat is situated within walking distance of local shops, bus services and numerous schools as well as having major road links such as the M1 and M25 all very close by.

Lease Expiry Date - 1/2/2165
Service Charge - £1,457 per half year
Service Charge Review Period - July 2024
Ground Rent - TBC
Ground Rent Review Period - July 2024

Agent Details

Claytons Estate Agents, Garston

01923 961671

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪