2 Bed Flat, Single Let, Watford, WD17 4LE, £275,000

Watford, WD17 4LE - 2 views - 6 months ago

Under Offer
BTL
ROI: 5%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£172.5K - £435K
Sold Prices/m²£3.4K/m² - £7.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£338,051
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Rent Range

£1,200 - £3,050

Rent Estimate

£1,500

Running Costs/mo

£1,179

Cashflow/mo

£321

Cashflow/yr

£3,848

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £172.5K to £435K, average is £305K. £3.4K/m² to £7.6K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£342.5K09/200.1 miFlat 47, Roseberry Court, Grandfield Avenue, Watford, Hertfordshire WD17 4PQ2
£365K04/210.1 miFlat 33, Roseberry Court, Grandfield Avenue, Watford, Hertfordshire WD17 4PQ2
£330K11/230.1 miFlat 7, Roseberry Court, Grandfield Avenue, Watford, Hertfordshire WD17 4PQ2
£410K02/230.15 mi11, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£420K06/210.15 mi6, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£400K08/230.15 mi16, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£325K11/200.19 mi14, Bellamy Close, Watford, Hertfordshire WD17 4YJ2
£355K09/210.21 mi31, The Spinney, Watford, Hertfordshire WD17 4QF2
£310K07/210.21 mi28, The Spinney, Watford, Hertfordshire WD17 4QF2
£297K10/200.21 mi2, The Spinney, Watford, Hertfordshire WD17 4QF2
£350K04/230.21 mi31, The Spinney, Watford, Hertfordshire WD17 4QF2
£335K02/210.22 mi23, The Spinney, Watford, Hertfordshire WD17 4QF2
£250K05/210.27 mi172, Cassiobury Drive, Watford, Hertfordshire WD17 3AJ2
£200K02/240.33 miMalden Lodge, Flat 9, Alexandra Road, Watford, Hertfordshire WD17 4BS2
£377.5K12/220.35 mi34a, Hempstead Road, Watford, Hertfordshire WD17 4ER2
£200K12/200.4 mi12, Church Road, Watford, Hertfordshire WD17 4PU2
£200K12/200.4 mi12, Church Road, Watford, Hertfordshire WD17 4PU2
£310K12/200.43 mi17a, Essex Road, Watford, Hertfordshire WD17 4EL2
£408K02/230.44 mi4b, Essex Road, Watford, Hertfordshire WD17 4EP2
£340K11/220.54 miTop Flat, 77, Sussex Road, Watford, Hertfordshire WD24 5HR2
£350K06/210.56 mi19, Bromet Close, Watford, Hertfordshire WD17 4LP2
£340K12/200.56 mi41, Bromet Close, Watford, Hertfordshire WD17 4LP2
£435K04/210.57 mi35, St Johns Road, Watford, Hertfordshire WD17 1QB2
£290K06/210.71 mi9, Leaford Crescent, Watford, Hertfordshire WD24 5JQ2
£252.5K01/210.71 miFlat 19, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£280K04/230.71 miFlat 26, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£250K05/210.71 miFlat 21, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£275K05/230.71 miFlat 24, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£255K11/230.71 miFlat 25, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£258.5K02/230.71 miFlat 15, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£280K02/230.74 miFlat 8, Roedean House, Exeter Close, Watford, Hertfordshire WD24 4BN2
£300K10/200.76 miFlat 8, Lancing House, Hallam Close, Watford, Hertfordshire WD24 4RL2
£292.5K11/230.78 miFlat 9, Andrew Reed Court, Keele Close, Watford, Hertfordshire WD24 4RU2
£272.5K03/230.78 mi15, Sandringham Road, Watford, Hertfordshire WD24 7AY2
£270K11/220.8 miFlat 4, Wellington House, Exeter Close, Watford, Hertfordshire WD24 4BP2
£375K01/230.8 miFlat 5, Cavalli Apartments, Modena Mews, Watford, Hertfordshire WD18 7BJ2
£355K09/210.81 miFlat 10, Cavalli Apartments, Modena Mews, Watford, Hertfordshire WD18 7BJ2
£275K06/210.81 miFlat 13, Westminster House, Hallam Close, Watford, Hertfordshire WD24 4RJ2
£325K05/210.81 miFlat 21, Elizabeth House, Exeter Close, Watford, Hertfordshire WD24 4RE2
£237.5K06/230.82 mi326a, St Albans Road, Watford, Hertfordshire WD24 6PQ2
£280K11/230.82 miFlat 21, Kennett Court, Whippendell Road, Watford, Hertfordshire WD18 7LT2
£172.5K12/230.83 miFlat 8, Maddison Heights, Chiltern Close, Watford, Hertfordshire WD18 7AE2
£285K10/210.83 miFlat 12, Cheltenham House, Exeter Close, Watford, Hertfordshire WD24 4BL2
£270K10/220.83 miFlat 17, Badminton House, Anglian Close, Watford, Hertfordshire WD24 4RG2
£325K08/210.84 miFlat 12, Cornelius House, Chiltern Close, Watford, Hertfordshire WD18 7AF2
£285K07/230.84 mi150, Norbury Avenue, Watford, Hertfordshire WD24 4PE2
£290K11/230.84 mi156, Norbury Avenue, Watford, Hertfordshire WD24 4PE2
£395K01/230.84 miFlat 3, Renoir House, Cassio Place, Watford, Hertfordshire WD18 7AJ2
£390K03/230.84 miFlat 6, Renoir House, Cassio Place, Watford, Hertfordshire WD18 7AJ2
£385K11/200.85 miFlat 9, Monet House, Cassio Place, Watford, Hertfordshire WD18 7AR2

Local Rents

54 rents from £1.2K/mo to £3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,80003/250.01 mi-2
£1,65012/240.09 mi-2
£1,59503/250.14 mi-2
£1,50010/240.14 mi-2
£1,80010/240.14 mi-2
£2,95012/240.23 mi-2
£3,05003/250.23 mi-2
£1,65011/240.23 mi-2
£1,65011/240.23 mi-2
£1,89510/240.24 mi-2
£1,30003/250.25 mi-2
£1,20003/240.25 miWillow Grange, Watford, Hertfordshire2
£1,65002/240.25 mi-2
£1,59912/240.26 mi-2
£2,20610/240.26 mi-2
£2,08603/250.26 mi-2
£1,70001/250.28 mi-2
£1,65010/240.28 mi-2
£1,60002/240.29 mi-2
£1,65002/250.3 mi-2
£1,50001/240.3 mi-2
£1,70002/250.31 mi-2
£1,80003/250.31 mi-2
£1,77501/250.32 mi-2
£1,80010/240.35 mi-2
£1,60010/240.37 mi-2
£1,65510/240.4 mi-2
£1,55002/250.4 mi-2
£1,95011/240.4 mi-2
£1,55010/240.43 miParker Street, Watford2
£1,75010/240.44 mi-2
£2,80012/240.44 mi-2
£1,85001/250.44 mi-2
£1,55001/250.45 mi-2
£2,70010/240.45 mi-2
£2,95012/240.45 mi-2
£2,95012/240.45 mi-2
£2,55001/250.45 mi-2
£2,55003/250.45 mi-2
£1,70002/250.46 mi-2
£1,70001/250.46 miParker Street, Watford, WD242
£1,75002/240.46 mi-2
£1,80010/240.46 mi-2
£1,60003/250.46 mi-2
£1,85010/240.47 miConway Court, Marri Street, Watford2
£1,75010/240.47 miConway Court, Watford2
£2,75003/250.48 mi-2
£1,65010/240.48 mi-2
£1,65010/240.48 mi-2
£1,80012/240.5 mi-2
£1,89503/250.51 mi-2
£1,70011/240.51 mi-2
£1,70011/240.51 mi-2
£1,50002/250.58 mi-2

Local Area Statistics

Population in WD17

15,825

Population in Watford

117,094

Town centre distance

0.52 miles away

Nearest school

0.30 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £275,000

September 26, 2024

Floor Plans

Description

  • TWO DOUBLE BEDROOMS +
  • PEACECFUL LOCATION +
  • SHARE OF FREEHOLD +
  • No upper chain +
  • LARGE RECEPTION ROOM +
  • SEPERATE KITCHEN +
  • PRIVATE PARKING +

Description The property is a very spacious two double bedroom first floor flat benefiting from large lounge, fitted kitchen, security entry phone, gas central heating, UPVC double glazing, private parking, communal gardens, no upper chain and long lease. 

Bedroom 16'x12'4  

Reception 16'2x15'9  

Kitchen 10'3x8'5  

Bedroom 13'8x9'3

Agent Details

RENNIE & CO LIMITED, Watford

01923 961862

Next Steps?

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