2 Bed Flat, Single Let, Watford, WD25 7DN, £230,000

Bembridge Place, Watford, WD25 7DN - 2 views - 10 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£190K - £585K
Sold Prices/m²£3.3K/m² - £6.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.4K/m²

Value Estimate

£278,300
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Total Cash In

£70,200

 

 

Cash Out

 

Rent Range

£1,325 - £2,000

Rent Estimate

£1,344

Running Costs/mo

£1,008

Cashflow/mo

£336

Cashflow/yr

£4,037

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £190K to £585K, average is £280.6K. £3.3K/m² to £6.1K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£300K06/210.03 mi40, Linden Lea, Watford, Hertfordshire WD25 7DR2
£305K12/200.13 mi151, High Road, Leavesden, Watford, Hertfordshire WD25 7AP2
£305K12/200.13 mi151, High Road, Leavesden, Watford, Hertfordshire WD25 7AP2
£310K10/220.27 mi111, High Road, Leavesden, Watford, Hertfordshire WD25 7LL2
£315K04/210.41 mi53, Redheath Close, Watford, Hertfordshire WD25 7AH2
£290K06/210.43 mi11, Balmoral Road, Abbots Langley, Hertfordshire WD5 0ST2
£250K09/220.58 miFlat 1a, Rayleigh House, Shirley Road, Abbots Langley, Hertfordshire WD5 0NE2
£272.5K05/210.58 mi8, Swallows Oak, Abbots Langley, Hertfordshire WD5 0LF2
£191.3K12/220.58 mi19, De Havilland Way, Abbots Langley, Hertfordshire WD5 0XF2
£190K09/210.58 mi21, De Havilland Way, Abbots Langley, Hertfordshire WD5 0XF2
£274.5K05/210.58 mi11, Harlech Road, Abbots Langley, Hertfordshire WD5 0BD2
£246K06/220.58 mi23, Harlech Road, Abbots Langley, Hertfordshire WD5 0BD2
£290K03/210.59 mi9, Swallows Oak, Abbots Langley, Hertfordshire WD5 0LF2
£265K03/210.59 mi16, Harlech Road, Abbots Langley, Hertfordshire WD5 0BF2
£265K02/230.59 miFlat 8, Sabine House, Shirley Road, Abbots Langley, Hertfordshire WD5 0NF2
£235K03/210.6 mi20, Harlech Road, Abbots Langley, Hertfordshire WD5 0BF2
£270K05/230.6 mi18, Harlech Road, Abbots Langley, Hertfordshire WD5 0BF2
£283K08/220.6 miFlat 8, Burley House, Queens Drive, Abbots Langley, Hertfordshire WD5 0PR2
£260K03/210.65 mi57, Orbital Crescent, Watford, Hertfordshire WD25 0HB2
£290K06/210.65 miFlat 22, Leavesden Court, Mallard Road, Abbots Langley, Hertfordshire WD5 0GT2
£300K11/210.65 miFlat 50, Leavesden Court, Mallard Road, Abbots Langley, Hertfordshire WD5 0GT2
£370K10/230.65 miFlat 63, Leavesden Court, Mallard Road, Abbots Langley, Hertfordshire WD5 0GT2
£325K12/220.65 miFlat 34, Leavesden Court, Mallard Road, Abbots Langley, Hertfordshire WD5 0GT2
£282.5K12/220.65 miFlat 25, Leavesden Court, Mallard Road, Abbots Langley, Hertfordshire WD5 0GT2
£310K12/210.66 miFlat 41, Leavesden Court, Mallard Road, Abbots Langley, Hertfordshire WD5 0GT2
£295K01/230.66 mi49, Orbital Crescent, Watford, Hertfordshire WD25 0HB2
£290K06/210.67 mi26, Poundfield, Watford, Hertfordshire WD25 7AB2
£265K04/230.67 mi28, Poundfield, Watford, Hertfordshire WD25 7AB2
£250K11/200.71 mi38, Tylersfield, Abbots Langley, Hertfordshire WD5 0PS2
£250K11/200.71 mi38, Tylersfield, Abbots Langley, Hertfordshire WD5 0PS2
£272.5K06/210.71 mi39, Tylersfield, Abbots Langley, Hertfordshire WD5 0PS2
£247K02/230.71 mi40, Tylersfield, Abbots Langley, Hertfordshire WD5 0PS2
£255K01/210.72 mi26, Tylersfield, Abbots Langley, Hertfordshire WD5 0PS2
£315K01/230.72 mi435, North Western Avenue, Watford, Hertfordshire WD24 5NX2
£278.8K03/210.73 mi441, North Western Avenue, Watford, Hertfordshire WD24 5NX2
£290K03/230.73 mi437, North Western Avenue, Watford, Hertfordshire WD24 5NX2
£286K03/210.76 mi14, West Drive, Watford, Hertfordshire WD25 0AL2
£585K08/230.77 mi3, Crown Rise, Watford, Hertfordshire WD25 0NE2
£285K03/210.78 mi54, Trevellance Way, Watford, Hertfordshire WD25 0LY2
£285K11/200.78 mi55, Trevellance Way, Watford, Hertfordshire WD25 0LY2
£269K08/210.78 mi8, Trevellance Way, Watford, Hertfordshire WD25 0LY2
£285K03/210.78 mi54, Trevellance Way, Watford, Hertfordshire WD25 0LY2
£243K11/200.79 mi8, Courtlands Close, Watford, Hertfordshire WD24 5GR2
£245K03/210.79 mi7, Courtlands Close, Watford, Hertfordshire WD24 5GR2
£284K04/210.8 mi64, Trevellance Way, Watford, Hertfordshire WD25 0LZ2
£290K04/210.8 mi59, Trevellance Way, Watford, Hertfordshire WD25 0LZ2
£235K07/210.82 mi101, Courtlands Close, Watford, Hertfordshire WD24 5GX2
£247K11/200.82 miFlat 12, Rugby Lodge, Courtlands Close, Watford, Hertfordshire WD24 5GQ2
£265K08/210.83 mi17, The Glebe, Watford, Hertfordshire WD25 0LT2
£240K02/210.83 mi94, Courtlands Close, Watford, Hertfordshire WD24 5GP2

Local Rents

21 rents from £1.3K/mo to £2K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,50002/240.05 mi-2
£1,49502/240.05 mi-2
£1,49510/240.05 mi-2
£1,90004/250.12 mi-2
£2,00004/250.12 mi-2
£1,40010/240.24 miSt. Albans Road, Watford, Hertfordshire, WD252
£1,50002/250.25 mi-2
£1,32510/240.25 miSheepcot Lane, Watford2
£1,80010/240.27 miValley Rise, Watford2
£1,75002/240.29 mi-2
£1,69502/240.29 mi-2
£1,69507/240.29 mi-2
£2,00010/240.4 mi-2
£1,79502/240.4 mi-2
£1,75010/240.42 miRoss Crescent, WATFORD2
£1,75010/240.42 miRoss Crescent, WATFORD2
£1,45002/240.46 mi-2
£1,75002/240.48 mi-2
£1,50010/240.52 miMargaret Close, WD52
£1,60010/240.55 mi-2
£1,52510/240.59 miSwallows Oak2

Local Area Statistics

Population in WD25

27,708

Population in Watford

117,094

Town centre distance

2.21 miles away

Nearest school

0.20 miles away

Nearest train station

0.92 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £230,000

March 24, 2025

Price changed to £240,000

October 9, 2024

Listed for £250,000

June 19, 2024

Floor Plans

Description

  • Double glazing +
  • Gas central heating +
  • Council tax band B +
  • Communal gardens +
  • Low ground rent and service charge +
  • Needs lease extended +

SUMMARY
*NEW LEASE ON COMPLETION*Ask agent for more details***TWO BEDROOMS***MODERN FITTED KITCHEN***GARAGE AND PARKING***POPULAR DEVELOPMENT***

DESCRIPTION
*NEW LEASE ON COMPLETION*Ask agent for more details***A two bedroom second floor flat in this popular development with garage and parking. This home is located well for several sought after schools such as Alban Wood, Leavesden Green and Kingsway. There is a local grocery store and this home is well placed for the North Orbital Road and the M1 and A41. As you enter this home you find the master bedroom on the left and the bathroom on the right. Continue on and you find the second bedroom and the lounge/ kitchen. With gas central heating and double glazing, a modern fitted kitchen, spacious double bedroom and bright lounge, your viewing is highly recommended.

Communal Entrance 
Front door.

Entrance Hall 
Front door.

Kitchen/ Lounge Area 20' 1" max x 9' 1" max ( 6.12m max x 2.77m max )
Range of wall and base units, cooker point, stainless steel sink, radiator windows.

Bedroom 1 9' 5" plus recess x 11' 1" max ( 2.87m plus recess x 3.38m max )
Radiator, window.

Bedroom 2 9' 1" x 7' 3" ( 2.77m x 2.21m )
Radiator, window to side.

Bathroom 
Bath, shower attachment, tiled walls, window, wash hand basin, WC, radiator.

Garage 

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Leavesden

01923 961368

Next Steps?

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