5 Bed HMO, Watford, WD18 0DE £495,000

Vicarage Road, Watford WD18 0DE - 1 views - 10 months ago

Sold STC

HMO

ROI: 5%

~105 m²

ValuationUndervalued

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

Square Metres	~105 m²
Price/m²	£4.7K/m²
Value Estimate	£525,000£525,000
BMV	6%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£123,750£123,750
Stamp Duty & Legal Fees	£40,700£40,700
Total Cash In	£164,450£164,450

Cash Out
Room Rate	£732£732
Gross Rent	£3,660£3,660
Running Costs/mo	£2,952£2,952
Cashflow/mo	£708£708
Cashflow/yr	£8,499£8,499
ROI	5%5%
Gross Yield	9%9%

Local Sold Prices

45 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	Price/m²	m²	Beds	Type
£710K	12/22	0.33 mi	39, Grosvenor Road, Watford, Hertfordshire WD17 2QS	-	-	5	Semi-Detached House
£1.0M	07/22	0.39 mi	14a, Park Avenue, Watford, Hertfordshire WD18 7HP	-	-	5	Detached House
£1.0M	07/22	0.4 mi	14a, Park Avenue, Watford WD18 7HP	£5,179	195	5	Detached House
£1.0M	07/22	0.4 mi	14a, Park Avenue, Watford WD18 7HP	-	-	5	Detached House
£962.5K	08/23	0.49 mi	46, Mildred Avenue, Watford, Hertfordshire WD18 7DZ	£4,911	196	5	Detached House
£962.5K	08/23	0.53 mi	46, Mildred Avenue, Watford WD18 7DZ	£4,477	215	5	Detached House
£962.5K	08/23	0.53 mi	46, Mildred Avenue, Watford WD18 7DZ	-	-	5	Detached House
£705K	08/22	0.57 mi	39, St Johns Road, Watford, Hertfordshire WD17 1QB	£4,406	160	5	Terraced House
£850K	03/25	0.6 mi	78, Mildred Avenue, Watford WD18 7DX	£4,570	186	5	Semi-Detached House
£850K	03/25	0.6 mi	78, Mildred Avenue, Watford WD18 7DX	-	-	5	Semi-Detached House
£1.1M	07/23	0.62 mi	32, Essex Road, Watford, Hertfordshire WD17 4EP	£5,000	210	5	Detached House
£962.5K	11/23	0.62 mi	103, Mildred Avenue, Watford, Hertfordshire WD18 7DU	£4,741	203	5	Semi-Detached House
£905K	03/23	0.64 mi	78, Mildred Avenue, Watford, Hertfordshire WD18 7DX	£6,558	138	5	Semi-Detached House
£960K	09/23	0.69 mi	105, Rickmansworth Road, Watford WD18 7JD	£5,161	186	5	Detached House
£960K	09/23	0.69 mi	105, Rickmansworth Road, Watford WD18 7JD	-	-	5	Detached House
£962.5K	11/23	0.69 mi	103, Mildred Avenue, Watford WD18 7DU	£4,695	205	5	Semi-Detached House
£1.5M	04/22	0.7 mi	23, Shepherds Road, Watford, Hertfordshire WD18 7HU	-	-	5	Detached House
£925K	02/25	0.7 mi	40, Beechcroft Road, Bushey WD23 2JU	£5,539	167	5	Detached House
£925K	02/25	0.7 mi	40, Beechcroft Road, Bushey WD23 2JU	-	-	5	Detached House
£960K	09/23	0.7 mi	105, Rickmansworth Road, Watford, Hertfordshire WD18 7JD	£5,161	186	5	Detached House
£760K	10/24	0.71 mi	132, Mildred Avenue, Watford WD18 7DX	£4,903	155	5	Semi-Detached House
£760K	10/24	0.71 mi	132, Mildred Avenue, Watford WD18 7DX	-	-	5	Semi-Detached House
£750K	10/23	0.71 mi	29b, Eastbury Road, Watford, Hertfordshire WD19 4RD	£3,713	202	5	Terraced House
£1.2M	11/24	0.72 mi	50, Cassiobury Drive, Watford WD17 3AE	£4,755	245	5	Detached House
£1.2M	11/24	0.72 mi	50, Cassiobury Drive, Watford WD17 3AE	-	-	5	Detached House
£725K	01/22	0.72 mi	328, Hagden Lane, Watford, Hertfordshire WD18 7SH	£5,000	145	5	Detached House
£725K	01/22	0.72 mi	328, Hagden Lane, Watford WD18 7SH	£5,000	145	5	Detached House
£1.5M	04/22	0.72 mi	23, Shepherds Road, Watford WD18 7HU	£7,109	211	5	Detached House
£1.5M	04/22	0.72 mi	23, Shepherds Road, Watford WD18 7HU	-	-	5	Detached House
£985K	09/24	0.77 mi	15, Woodland Drive, Watford, Hertfordshire WD17 3BU	£6,043	163	5	Semi-Detached House
£985K	09/24	0.78 mi	15, Woodland Drive, Watford WD17 3BU	-	-	5	Semi-Detached House
£537K	01/25	0.78 mi	109, Hagden Lane, Watford WD18 7SR	£3,836	140	5	Terraced House
£1.1M	04/25	0.82 mi	11, Oxhey Road, Watford WD19 4QF	£4,228	272	5	Semi-Detached House
£1.1M	04/25	0.82 mi	11, Oxhey Road, Watford WD19 4QF	-	-	5	Detached House
£1.1M	12/24	0.83 mi	72, Kingsfield Road, Watford WD19 4TR	£5,374	214	5	Semi-Detached House
£1.1M	08/23	0.86 mi	77, Kingsfield Road, Watford, Hertfordshire WD19 4TP	-	-	5	Detached House
£1.1M	11/24	0.88 mi	122a, Aldenham Road, Bushey WD23 2ET	£6,509	169	5	Detached House
£930K	07/23	0.89 mi	42, Hillside Road, Bushey, Hertfordshire WD23 2HA	£7,440	125	5	Semi-Detached House
£900K	11/23	0.89 mi	32, Hillside Road, Bushey, Hertfordshire WD23 2HA	£5,649	159	5	Semi-Detached House
£1.6M	10/24	0.9 mi	51, Langley Road, Watford WD17 4PB	-	-	5	Semi-Detached House
£860K	06/21	0.91 mi	33, Silverdale Road, Bushey, Hertfordshire WD23 2LY	-	-	5	Detached House
£1.1M	11/21	0.91 mi	139, Rickmansworth Road, Watford, Hertfordshire WD18 7FH	-	-	5	Detached House
£1.3M	05/24	0.94 mi	75, Parkside Drive, Watford, Hertfordshire WD17 3AU	£5,787	216	5	Semi-Detached House
£1.0M	05/21	0.94 mi	49, Oxhey Road, Watford, Hertfordshire WD19 4QG	£5,100	201	5	Detached House
£1.0M	05/21	0.98 mi	98, Park Road, Watford, Hertfordshire WD17 4QL	-	-	5	Detached House

Local Area Statistics

Population in WD18	24,32324,323
Population in Watford	117,094117,094
Town centre distance	0.60 miles away0.60 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.26 miles away0.26 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-52%-52%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+13%+13%

Property History

Price changed to £495,000

February 5, 2025

Price changed to £500,000

January 24, 2025

Listed for £525,000

December 24, 2024

Floor Plans

Description

Five double bedrooms +
Modern kitchen/dining room +
Two shower rooms/w.c +
Superb HMO investment opportunity +

This spacious three storey HMO property is centrally located with the town centre and excellent rail and bus links all within short walking distance.

The ground floor is made up of an entrance hallway, double bedroom, kitchen/dining room and two shower rooms/w.c. On the upper floors there are four further double bedrooms.

Externally, there is a 47ft. easy to maintain garden.

*Please note: For further information or an appointment to view, please contact Alan Salter -

Tenure: Freehold

Agent Details

Salters Residential, Watford

01923 961761

Next Steps?

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