2 Bed Flat, Single Let, Watford, WD17 4AY, £325,000

Lockhart Road, Watford, Hertfordshire, WD17 4AY - 7 months ago

Leasehold
BTL
ROI: 2%
~77 m²
+6 photos

ValuationUndervalued

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

 

 

Square Metres

~77 m²
Price/m²£4.2K/m²

Value Estimate

£385,989
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Total Cash In

£102,450

 

 

Cash Out

 

Rent Range

£1,200 - £3,100

Rent Estimate

£1,469

Running Costs/mo

£1,329

Cashflow/mo

£140

Cashflow/yr

£1,675

ROI

2%

Gross Yield

5%

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 
£335K02/210.13 mi23, The Spinney, Watford, Hertfordshire WD17 4QF2
£355K09/210.13 mi31, The Spinney, Watford, Hertfordshire WD17 4QF2
£310K07/210.13 mi28, The Spinney, Watford, Hertfordshire WD17 4QF2
£297K10/200.13 mi2, The Spinney, Watford, Hertfordshire WD17 4QF2
£350K04/230.13 mi31, The Spinney, Watford, Hertfordshire WD17 4QF2
£325K11/200.23 mi14, Bellamy Close, Watford, Hertfordshire WD17 4YJ2
£200K12/200.23 mi12, Church Road, Watford, Hertfordshire WD17 4PU2
£200K12/200.23 mi12, Church Road, Watford, Hertfordshire WD17 4PU2
£410K02/230.25 mi11, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£420K06/210.26 mi6, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£400K08/230.26 mi16, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£342.5K09/200.29 miFlat 47, Roseberry Court, Grandfield Avenue, Watford, Hertfordshire WD17 4PQ2
£365K04/210.29 miFlat 33, Roseberry Court, Grandfield Avenue, Watford, Hertfordshire WD17 4PQ2
£330K11/230.29 miFlat 7, Roseberry Court, Grandfield Avenue, Watford, Hertfordshire WD17 4PQ2
£340K11/220.3 miTop Flat, 77, Sussex Road, Watford, Hertfordshire WD24 5HR2
£200K02/240.44 miMalden Lodge, Flat 9, Alexandra Road, Watford, Hertfordshire WD17 4BS2
£272.5K03/230.45 mi15, Sandringham Road, Watford, Hertfordshire WD24 7AY2
£237.5K06/230.49 mi326a, St Albans Road, Watford, Hertfordshire WD24 6PQ2
£252.5K01/210.49 miFlat 19, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£280K04/230.49 miFlat 26, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£250K05/210.49 miFlat 21, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£275K05/230.49 miFlat 24, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£255K11/230.49 miFlat 25, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£258.5K02/230.5 miFlat 15, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£310K12/200.53 mi17a, Essex Road, Watford, Hertfordshire WD17 4EL2
£290K06/210.53 mi9, Leaford Crescent, Watford, Hertfordshire WD24 5JQ2
£408K02/230.54 mi4b, Essex Road, Watford, Hertfordshire WD17 4EP2
£377.5K12/220.56 mi34a, Hempstead Road, Watford, Hertfordshire WD17 4ER2
£250K05/210.57 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
£274K02/210.61 mi396b, St Albans Road, Watford, Hertfordshire WD24 6PJ2
£435K04/210.62 mi35, St Johns Road, Watford, Hertfordshire WD17 1QB2
£280K02/230.63 miFlat 8, Roedean House, Exeter Close, Watford, Hertfordshire WD24 4BN2
£300K10/200.64 miFlat 8, Lancing House, Hallam Close, Watford, Hertfordshire WD24 4RL2
£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
£309K09/210.67 mi2, Beechwood Rise, Watford, Hertfordshire WD24 6SF2
£275K06/210.67 miFlat 13, Westminster House, Hallam Close, Watford, Hertfordshire WD24 4RJ2
£273K10/220.68 mi92, Norbury Avenue, Watford, Hertfordshire WD24 4PD2
£273K10/220.68 mi92b, Southwold Road, Watford, Hertfordshire WD24 7FH2
£325K05/210.69 miFlat 21, Elizabeth House, Exeter Close, Watford, Hertfordshire WD24 4RE2
£324K03/230.69 mi7, Devon Road, Watford, Hertfordshire WD24 4HP2
£285K10/210.69 miFlat 12, Cheltenham House, Exeter Close, Watford, Hertfordshire WD24 4BL2
£270K10/220.71 miFlat 17, Badminton House, Anglian Close, Watford, Hertfordshire WD24 4RG2
£220K07/210.71 mi31, Gladesmere Court, Watford, Hertfordshire WD24 6LX2
£115K02/210.71 mi11, Gladesmere Court, Watford, Hertfordshire WD24 6LX2
£275K06/210.72 miFlat 5, Canterbury House, Anglian Close, Watford, Hertfordshire WD24 4RH2

Local Rents

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

RentDateDistanceAddressBeds 
£1,77501/250.02 mi-2
£1,80010/240.03 mi-2
£1,60010/240.03 mi-2
£1,65002/240.09 mi-2
£1,20003/240.1 miWillow Grange, Watford, Hertfordshire2
£1,55010/240.12 miParker Street, Watford2
£1,65011/240.12 mi-2
£1,65011/240.12 mi-2
£1,70002/250.15 mi-2
£1,70001/250.15 miParker Street, Watford, WD242
£1,70001/250.15 mi-2
£1,65010/240.16 mi-2
£2,75003/250.16 mi-2
£1,55001/250.16 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
£1,59912/240.17 mi-2
£2,20610/240.17 mi-2
£2,08603/250.17 mi-2
£1,65003/250.18 mi-2
£1,50001/240.18 mi-2
£2,95012/240.2 mi-2
£3,05003/250.2 mi-2
£1,70011/240.22 mi-2
£1,70011/240.22 mi-2
£1,50010/240.23 mi-2
£1,80010/240.23 mi-2
£1,59503/250.23 mi-2
£1,60002/240.23 mi-2
£1,65012/240.25 mi-2
£1,89503/250.25 mi-2
£1,50001/250.26 mi-2
£1,60010/240.27 mi-2
£1,60012/240.27 mi-2
£1,80012/240.29 mi-2
£1,95011/240.29 mi-2
£1,85010/240.3 miConway Court, Marri Street, Watford2
£1,75010/240.3 miConway Court, Watford2
£1,50002/250.3 mi-2
£1,30003/250.32 mi-2
£1,80003/250.33 mi-2
£1,89510/240.35 mi-2
£2,00010/240.35 mi-2
£1,45010/240.35 miSt. Albans Road, Watford, Hertfordshire, WD242
£3,10001/240.37 mi-2
£2,90002/250.37 mi-2
£1,90010/240.4 mi-2
£1,90010/240.4 miSalisbury Road, Watford, WD242
£1,70002/250.42 mi-2
£1,80003/250.42 mi-2

Local Area Statistics

Population in WD17

15,825

Population in Watford

117,094

Town centre distance

0.55 miles away

Nearest school

0.20 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £325,000

March 21, 2025

Listed for £335,000

August 14, 2024

Floor Plans

Description

  • Two double bedrooms, master with en-suite +
  • Spacious open-plan kitchen and living area +
  • Allocated parking space & visitors +
  • Access to communal gardens and Air Conditioned Private Gym +
  • 7-minute walk to Watford Junction +
  • Close to M25 and M1 +
  • No Onward Chain +
  • Leasehold – 140 Years Remaining +
  • Council Tax Band - D +
  • EPC Rating - C +

Situated in the sought-after Nascot Wood area, this well-presented top-floor, two-bedroom apartment offers 825 sq ft of modern living space in the gated Willow Grange development. As the largest apartment in the building and benefiting from panoramic light throughout the day, this home provides ample room and comfort, making it ideal for first-time buyers, downsizers, or investors.

Upon entering, you are greeted by a spacious hallway that leads into a bright and airy open-plan kitchen and living room. The kitchen is fully equipped with modern appliances, seamlessly integrated into the living space, making it perfect for both relaxing and entertaining. The apartment features two generous double bedrooms, with the master bedroom benefiting from a contemporary en-suite shower room. A well-appointed family bathroom serves the second bedroom and guests.

Residents enjoy access to beautifully maintained communal gardens, a air conditioned private gym, and the convenience of a communal Sky dish and fast fibre broadband. The apartment also comes with an allocated parking space with access to unallocated visitor parking, and a secure phone entry system for added peace of mind.

Located just a 7-minute walk from Watford Junction, this property is perfectly positioned for commuters, offering quick and easy access to London and major road networks, including the M25 and M1. The picturesque Cassiobury Park and the Grand Union Canal are just a 15-minute stroll away, providing a serene escape from city life.

Agent Details

Rolstons, covering Hertfordshire

01923 775000

Next Steps?

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