5 Bed HMO, Watford, WD18 0DE £475,000

57 Vicarage Road, Watford, Hertfordshire, WD18 0DE - 43 views - a year ago
Sold STC
HMO
Outside Article 4
ROI: 7%
119 m²
Property image

ValuationUndervalued

Sold Prices£537K - £1.6M
Sold Prices/m²£3.7K/m² - £7.4K/m²

 

 

Square Metres

119 m²
Price/m²£4K/m²

Value Estimate

£589,688
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Total Cash In

£145,450

 

 

Cash Out

 

Room Rate

£745

Gross Rent

£3,725

Running Costs/mo

£2,897

Cashflow/mo

£828

Cashflow/yr

£9,932

ROI

7%

Gross Yield

9%

Local Sold Prices

50 sold prices from £537K to £1.6M, average is £962.5K. £3.7K/m² to £7.4K/m², average is £5K/m².

Price
Date
Distance
Address
Beds
 
£1.0M07/220.35 mi14a, Park Avenue, Watford, Hertfordshire WD18 7HP5
£1.0M07/220.36 mi14a, Park Avenue, Watford WD18 7HP5
£1.0M07/220.36 mi14a, Park Avenue, Watford WD18 7HP5
£710K12/220.41 mi39, Grosvenor Road, Watford, Hertfordshire WD17 2QS5
£962.5K08/230.45 mi46, Mildred Avenue, Watford, Hertfordshire WD18 7DZ5
£962.5K08/230.48 mi46, Mildred Avenue, Watford WD18 7DZ5
£962.5K08/230.48 mi46, Mildred Avenue, Watford WD18 7DZ5
£850K03/250.54 mi78, Mildred Avenue, Watford WD18 7DX5
£850K03/250.54 mi78, Mildred Avenue, Watford WD18 7DX5
£962.5K11/230.56 mi103, Mildred Avenue, Watford, Hertfordshire WD18 7DU5
£905K03/230.58 mi78, Mildred Avenue, Watford, Hertfordshire WD18 7DX5
£705K08/220.61 mi39, St Johns Road, Watford, Hertfordshire WD17 1QB5
£962.5K11/230.63 mi103, Mildred Avenue, Watford WD18 7DU5
£960K09/230.63 mi105, Rickmansworth Road, Watford WD18 7JD5
£960K09/230.63 mi105, Rickmansworth Road, Watford WD18 7JD5
£1.1M07/230.64 mi32, Essex Road, Watford, Hertfordshire WD17 4EP5
£760K10/240.65 mi132, Mildred Avenue, Watford WD18 7DX5
£760K10/240.65 mi132, Mildred Avenue, Watford WD18 7DX5
£960K09/230.65 mi105, Rickmansworth Road, Watford, Hertfordshire WD18 7JD5
£1.5M04/220.65 mi23, Shepherds Road, Watford, Hertfordshire WD18 7HU5
£725K01/220.66 mi328, Hagden Lane, Watford, Hertfordshire WD18 7SH5
£725K01/220.66 mi328, Hagden Lane, Watford WD18 7SH5
£1.5M04/220.68 mi23, Shepherds Road, Watford WD18 7HU5
£1.5M04/220.68 mi23, Shepherds Road, Watford WD18 7HU5
£750K10/230.69 mi29b, Eastbury Road, Watford, Hertfordshire WD19 4RD5
£537K01/250.7 mi109, Hagden Lane, Watford WD18 7SR5
£1.2M11/240.71 mi50, Cassiobury Drive, Watford WD17 3AE5
£1.2M11/240.71 mi50, Cassiobury Drive, Watford WD17 3AE5
£925K02/250.75 mi40, Beechcroft Road, Bushey WD23 2JU5
£925K02/250.75 mi40, Beechcroft Road, Bushey WD23 2JU5
£985K09/240.77 mi15, Woodland Drive, Watford, Hertfordshire WD17 3BU5
£985K09/240.77 mi15, Woodland Drive, Watford WD17 3BU5
£1.1M04/250.8 mi11, Oxhey Road, Watford WD19 4QF5
£1.1M04/250.8 mi11, Oxhey Road, Watford WD19 4QF5
£1.1M12/240.82 mi72, Kingsfield Road, Watford WD19 4TR5
£1.1M08/230.85 mi77, Kingsfield Road, Watford, Hertfordshire WD19 4TP5
£1.1M11/210.85 mi139, Rickmansworth Road, Watford, Hertfordshire WD18 7FH5
£1.6M10/240.92 mi51, Langley Road, Watford WD17 4PB5
£1.3M05/240.92 mi75, Parkside Drive, Watford, Hertfordshire WD17 3AU5
£1.0M05/210.93 mi49, Oxhey Road, Watford, Hertfordshire WD19 4QG5
£930K07/230.94 mi42, Hillside Road, Bushey, Hertfordshire WD23 2HA5
£900K11/230.94 mi32, Hillside Road, Bushey, Hertfordshire WD23 2HA5
£1.1M11/240.94 mi122a, Aldenham Road, Bushey WD23 2ET5
£860K06/210.96 mi33, Silverdale Road, Bushey, Hertfordshire WD23 2LY5
£822.5K10/240.97 mi25, Brookdene Avenue, Watford WD19 4LG5
£822.5K10/240.97 mi25, Brookdene Avenue, Watford WD19 4LG5
£1.1M11/240.97 mi49, Woodwaye, Watford WD19 4NN5
£1.1M11/240.97 mi49, Woodwaye, Watford WD19 4NN5
£600K06/220.98 mi30, Swiss Avenue, Watford, Hertfordshire WD18 7LN5
£634K09/230.98 mi19, The Roundway, Watford, Hertfordshire WD18 6LB5

Local Area Statistics

Population in WD18

24,323

Population in Watford

117,094

Town centre distance

0.64 miles away

Nearest school

0.20 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-52%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £475,000

July 23, 2024

Sold for £95,000

1999

Floor Plans

Property image

Description

A five bedroom licensed HMO consisting of: a self contained studio plus four further double bedrooms with a separate bathroom and kitchen and contained gardens. The HMO licence was renewed September 2023.

Full Description - A five bedroom licensed HMO consisting of: a self contained studio plus four further double bedrooms with a separate bathroom and kitchen.

Vicarage Road with direct access to the town centre and West Herts hospital, making this the perfect location for the professional tenant. There is a small but popular shopping precinct a minutes walk away consisting of thriving independent businesses from a hairdressers and beauty salon, a popular café plus other eateries, fishmongers and food grocers plus the site of a local micro-brewery! Direct access to all Watford bus services and 10/15 minutes walk the Lower High St, Metropolitan and Watford Junction Stations.

Entered from the front door which provides ground floor access to Room 1.

Room 1
With a large bay window overlooking the front aspect and a wash hand basin.

Room 2
A self-contained studio with sleeping area, fitted kitchen with a range of fitted units at base and eye level integrated electric hob and oven, plumbing and space for automatic washing machine and stainless steel sink unit. There is a shower room with shower cubicle wash and basin and w.c. The studio also has access to its own private garden.

Stairs lead to the first floor with access to:

Room 3
Overlooking the front aspect with a large window and wash hand basin.

Kitchen
With a range of fitted units at base and eye level with freestanding cooker and washing machine. The bathroom has a modern suite including a panel enclosed bath, low level w.c and wash hand basin with fully tiled walls.

Stairs lead to the second floor which accommodates:

Rooms 4 and 5.
Both are doubles with wash hand basins.

Outside:

To the rear there is access to two small gardens:

(i) One has its own private access from Room 2 and consists of patio and small lawn.

(ii) Behind this, again with its own independent access is a communal courtyard garden currently laid to hardstanding.

Both gardens are enclosed by recently installed panel fencing.

Agent Details

Warren Anthony Estate Agents, Watford

01923 919896

Next Steps?

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