2 Bed Flat, Single Let, Watford, WD17 4BQ, £290,000

Lockhart Road, Watford, WD17 4BQ - 3 months ago

Leasehold
BTL
ROI: 3%
~68 m²
+13 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£4.3K/m²

Value Estimate

£341,429
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£17,700

Total Cash In

£90,200

 

 

Cash Out

 

Rent Range

£1,200 - £3,100

Rent Estimate

£1,469

Running Costs/mo

£1,220

Cashflow/mo

£249

Cashflow/yr

£2,987

ROI

3%

Gross Yield

6%

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 
£335K02/210.11 mi23, The Spinney, Watford, Hertfordshire WD17 4QF2
£355K09/210.11 mi31, The Spinney, Watford, Hertfordshire WD17 4QF2
£310K07/210.11 mi28, The Spinney, Watford, Hertfordshire WD17 4QF2
£297K10/200.11 mi2, The Spinney, Watford, Hertfordshire WD17 4QF2
£350K04/230.11 mi31, The Spinney, Watford, Hertfordshire WD17 4QF2
£325K11/200.21 mi14, Bellamy Close, Watford, Hertfordshire WD17 4YJ2
£410K02/230.22 mi11, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£200K12/200.22 mi12, Church Road, Watford, Hertfordshire WD17 4PU2
£200K12/200.22 mi12, Church Road, Watford, Hertfordshire WD17 4PU2
£420K06/210.23 mi6, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£400K08/230.23 mi16, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£342.5K09/200.27 miFlat 47, Roseberry Court, Grandfield Avenue, Watford, Hertfordshire WD17 4PQ2
£365K04/210.27 miFlat 33, Roseberry Court, Grandfield Avenue, Watford, Hertfordshire WD17 4PQ2
£330K11/230.27 miFlat 7, Roseberry Court, Grandfield Avenue, Watford, Hertfordshire WD17 4PQ2
£340K11/220.32 miTop Flat, 77, Sussex Road, Watford, Hertfordshire WD24 5HR2
£200K02/240.42 miMalden Lodge, Flat 9, Alexandra Road, Watford, Hertfordshire WD17 4BS2
£272.5K03/230.47 mi15, Sandringham Road, Watford, Hertfordshire WD24 7AY2
£252.5K01/210.51 miFlat 19, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£280K04/230.51 miFlat 26, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£250K05/210.51 miFlat 21, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£275K05/230.51 miFlat 24, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£255K11/230.51 miFlat 25, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£237.5K06/230.51 mi326a, St Albans Road, Watford, Hertfordshire WD24 6PQ2
£310K12/200.51 mi17a, Essex Road, Watford, Hertfordshire WD17 4EL2
£258.5K02/230.52 miFlat 15, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£408K02/230.52 mi4b, Essex Road, Watford, Hertfordshire WD17 4EP2
£377.5K12/220.53 mi34a, Hempstead Road, Watford, Hertfordshire WD17 4ER2
£290K06/210.55 mi9, Leaford Crescent, Watford, Hertfordshire WD24 5JQ2
£250K05/210.55 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
£435K04/210.6 mi35, St Johns Road, Watford, Hertfordshire WD17 1QB2
£280K02/230.62 miFlat 8, Roedean House, Exeter Close, Watford, Hertfordshire WD24 4BN2
£300K10/200.63 miFlat 8, Lancing House, Hallam Close, Watford, Hertfordshire WD24 4RL2
£274K02/210.63 mi396b, St Albans Road, Watford, Hertfordshire WD24 6PJ2
£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
£275K06/210.67 miFlat 13, Westminster House, Hallam Close, Watford, Hertfordshire WD24 4RJ2
£273K10/220.68 mi92, Norbury Avenue, Watford, Hertfordshire WD24 4PD2
£325K05/210.69 miFlat 21, Elizabeth House, Exeter Close, Watford, Hertfordshire WD24 4RE2
£285K10/210.69 miFlat 12, Cheltenham House, Exeter Close, Watford, Hertfordshire WD24 4BL2
£309K09/210.69 mi2, Beechwood Rise, Watford, Hertfordshire WD24 6SF2
£324K03/230.7 mi7, Devon Road, Watford, Hertfordshire WD24 4HP2
£273K10/220.7 mi92b, Southwold Road, Watford, Hertfordshire WD24 7FH2
£270K10/220.7 miFlat 17, Badminton House, Anglian Close, Watford, Hertfordshire WD24 4RG2
£275K06/210.72 miFlat 5, Canterbury House, Anglian Close, Watford, Hertfordshire WD24 4RH2
£220K07/210.73 mi31, Gladesmere Court, Watford, Hertfordshire WD24 6LX2
£115K02/210.73 mi11, Gladesmere Court, Watford, Hertfordshire WD24 6LX2

Local Rents

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

RentDateDistanceAddressBeds 
£1,77501/250.01 mi-2
£1,80010/240.05 mi-2
£1,60010/240.05 mi-2
£1,65002/240.07 mi-2
£1,20003/240.07 miWillow Grange, Watford, Hertfordshire2
£1,65011/240.1 mi-2
£1,65011/240.1 mi-2
£1,55010/240.13 miParker Street, Watford2
£1,70001/250.15 mi-2
£2,20610/240.15 mi-2
£2,08603/250.15 mi-2
£1,65010/240.16 mi-2
£1,59912/240.16 mi-2
£1,70002/250.16 mi-2
£1,70001/250.16 miParker Street, Watford, WD242
£1,65002/250.17 mi-2
£1,50001/240.17 mi-2
£1,55001/250.17 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
£2,75003/250.17 mi-2
£2,95012/240.19 mi-2
£3,05003/250.19 mi-2
£1,50010/240.21 mi-2
£1,80010/240.21 mi-2
£1,59503/250.21 mi-2
£1,60002/240.21 mi-2
£1,65012/240.22 mi-2
£1,70011/240.23 mi-2
£1,70011/240.23 mi-2
£1,89503/250.26 mi-2
£1,95011/240.28 mi-2
£1,80012/240.28 mi-2
£1,50001/250.28 mi-2
£1,60010/240.29 mi-2
£1,60012/240.29 mi-2
£1,85010/240.29 miConway Court, Marri Street, Watford2
£1,75010/240.29 miConway Court, Watford2
£1,50002/250.31 mi-2
£1,30003/250.31 mi-2
£1,80003/250.31 mi-2
£1,89510/240.33 mi-2
£2,00010/240.36 mi-2
£1,45010/240.37 miSt. Albans Road, Watford, Hertfordshire, WD242
£3,10001/240.39 mi-2
£2,90002/250.39 mi-2
£1,70002/250.4 mi-2
£1,80003/250.4 mi-2
£1,90010/240.41 mi-2
£1,90010/240.41 miSalisbury Road, Watford, WD242

Local Area Statistics

Population in WD17

15,825

Population in Watford

117,094

Town centre distance

0.53 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £290,000

February 21, 2025

Listed for £300,000

December 26, 2024

Floor Plans

Description

  • **NO UPPER CHAIN ** +

  • PRIVATE GATED DEVELOPMENT - GROUND FLOOR APARTMENT +

  • TWO DOUBLE BEDROOMS +

  • HIGH CEILINGS THROUGHOUT +

  • PRIVATE ENTRANCE LOBBY SHARED WITH ONE OTHER APARTMENT +

  • CLOSE TO TOWN CENTRE +

  • ACCESS TO COMMUNAL GARDENS & RESIDENTS GYM +

  • ALLOCATED PARKING & VISITOR BAYS +

SUMMARY
NO UPPER CHAIN PRIVATE GATED DEVELOPMENT SIZEABLE RECEPTION ROOM TWO WELL-PROPORTIONED BEDROOMS HIGH CEILINGS THROUGHOUT CLOSE TO TOWN CENTRE ALLOCATED PARKING & VISITOR BAYS ACCESS TO COMMUNAL GARDENS & RESIDENTS GYM WALKING DISTANCE TO WATFORD JUNCTION STATION

DESCRIPTION
NO UPPER CHAIN Connells are delighted to bring this well-presented ground floor apartment to the market that is set within a private gated development, situated within the popular Nacot Wood.
The property briefly comprises of a sizeable reception room, a modern fitted kitchen with integrated appliances, two well-proportioned bedrooms and family bathroom suite. Benefits include, a private entrance lobby shared with just one other apartment, high ceilings throughout, an allocated parking space, additional visitor bays, access to the communal gardens as well as access to the residential gym.
Ideal for first time buyers and investors the property is conveniently located with access to several transport links including being walking distance to Watford Junction Station that has direct links into London Euston as well as the M1 and A41 motorways. There are a variety of well-regarded schools within catchments as well as being within easy reach to the vibrant Watford Town Centre with its array of shops, eateries, entertainment and recreational facilities.
For more information or to arrange a viewing, please contact Connells today.

Entrance Hall 
Entry phone system, radiator and two storage cupboards.

Living Room  14' 7" x 12' 9" ( 4.45m x 3.89m )
Double aspect windows to windows to front and side, two radiators, television point, telephone point, opening to kitchen.

Kitchen  11' 8" x 5' 10" ( 3.56m x 1.78m )
Fitted kitchen comprised of wall and base units with work surfaces and tiling to complement, window to front aspect, sink with drainer, electric oven and hob with extractor hood, integrated washing machine, dishwasher and fridge/freezer.

Bedroom One 12' 8" x 9' 4" ( 3.86m x 2.84m )
Double aspect windows to side aspect, radiator.

Bedroom Two  Irregular Shaped Room 13' 3" MAX x 9' 6" MAX ( 4.04m MAX x 2.90m MAX )
Window to side aspect, radiator.

Bathroom 
Bath with mixer taps and overhead shower, pedestal wash hand basin, WC, extractor fan and heated towel rail.

Outside  

Parking 
One allocated residents space & visitors bays.

Communal Gardens  

Residents Gym 

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, Watford

01923 961934

Next Steps?

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