9 Bed HMO, Watford, WD18 7UH £750,000
ValuationUndervalued
| Sold Prices | £350K - £950K |
| Sold Prices/m² | £3.2K/m² - £8.4K/m² |
| |
Square Metres | ~279 m² |
| Price/m² | £2.7K/m² |
Value Estimate | £922,500£922,500 |
| BMV | 23% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £187,500£187,500 |
Stamp Duty & Legal Fees | £66,200£66,200 |
Total Cash In | £253,700£253,700 |
| |
Cash Out | |
Room Rate | £771£771 |
Gross Rent | £6,939£6,939 |
Running Costs/mo | £4,890£4,890 |
Cashflow/mo | £2,049£2,049 |
Cashflow/yr | £24,592£24,592 |
ROI | 10%10% |
Gross Yield | 11%11% |
Local Sold Prices
50 sold prices from £350K to £950K, average is £660.5K. £3.2K/m² to £8.4K/m², average is £4.9K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | ||
| £651K | 06/22 | 0.08 mi | 83, Hagden Lane, Watford, Hertfordshire WD18 7UA | - | - | 4 | Semi-Detached House | ||
| £540K | 06/21 | 0.11 mi | 18, Kelmscott Close, Watford, Hertfordshire WD18 0NQ | - | - | 4 | Semi-Detached House | ||
| £555K | 11/22 | 0.19 mi | 33, Brightwell Road, Watford, Hertfordshire WD18 0HR | - | - | 4 | Terraced House | ||
| £518K | 06/21 | 0.2 mi | 12, Crusader Way, Watford, Hertfordshire WD18 6GW | - | - | 4 | Semi-Detached House | ||
| £540K | 09/22 | 0.25 mi | 332, Hagden Lane, Watford, Hertfordshire WD18 7SH | - | - | 4 | Semi-Detached House | ||
| £620K | 03/24 | 0.27 mi | 342a, Hagden Lane, Watford WD18 7SH | £4,769 | 130 | 4 | Detached House | ||
| £620K | 03/24 | 0.27 mi | 342a, Hagden Lane, Watford WD18 7SH | - | - | 4 | Detached House | ||
| £895K | 06/25 | 0.29 mi | 99, Mildred Avenue, Watford WD18 7DU | - | - | 4 | Semi-Detached House | ||
| £895K | 06/25 | 0.29 mi | 99, Mildred Avenue, Watford WD18 7DU | £5,085 | 176 | 4 | Semi-Detached House | ||
| £647.5K | 04/25 | 0.31 mi | 73, Mildred Avenue, Watford WD18 7DU | £4,151 | 156 | 4 | Semi-Detached House | ||
| £647.5K | 04/25 | 0.31 mi | 73, Mildred Avenue, Watford WD18 7DU | - | - | 4 | Semi-Detached House | ||
| £650K | 07/23 | 0.33 mi | 110, Mildred Avenue, Watford, Hertfordshire WD18 7DX | £4,779 | 136 | 4 | Semi-Detached House | ||
| £480K | 01/24 | 0.34 mi | 92, Mildred Avenue, Watford WD18 7DX | - | - | 4 | Detached House | ||
| £670K | 11/24 | 0.34 mi | 129, Rickmansworth Road, Watford WD18 7JD | £4,558 | 147 | 4 | Bungalow | ||
| £670K | 11/24 | 0.34 mi | 129, Rickmansworth Road, Watford WD18 7JD | - | - | 4 | Detached House | ||
| £350K | 09/23 | 0.36 mi | 133, Whippendell Road, Watford, Hertfordshire WD18 7NH | - | - | 4 | Semi-Detached House | ||
| £705K | 04/23 | 0.39 mi | 440, Whippendell Road, Watford, Hertfordshire WD18 7PT | £8,393 | 84 | 4 | Semi-Detached House | ||
| £590K | 06/21 | 0.39 mi | 10, Burton Avenue, Watford, Hertfordshire WD18 7NQ | - | - | 4 | Detached House | ||
| £615K | 08/24 | 0.4 mi | 503, Whippendell Road, Watford WD18 7QB | £4,424 | 139 | 4 | Semi-Detached House | ||
| £615K | 08/24 | 0.4 mi | 503, Whippendell Road, Watford WD18 7QB | - | - | 4 | Semi-Detached House | ||
| £725K | 03/23 | 0.4 mi | 89, Durban Road West, Watford, Hertfordshire WD18 7DS | £4,096 | 177 | 4 | Semi-Detached House | ||
| £700K | 09/22 | 0.4 mi | 41, King Georges Avenue, Watford, Hertfordshire WD18 7QE | - | - | 4 | Semi-Detached House | ||
| £680K | 02/24 | 0.45 mi | 22, Mildred Avenue, Watford, Hertfordshire WD18 7DZ | £5,528 | 123 | 4 | Bungalow | ||
| £710K | 06/24 | 0.45 mi | 3, Observer Drive, Watford WD18 7GR | £4,011 | 177 | 4 | Terraced House | ||
| £710K | 06/24 | 0.45 mi | 3, Observer Drive, Watford WD18 7GR | - | - | 4 | Detached House | ||
| £680K | 02/24 | 0.46 mi | 22, Mildred Avenue, Watford WD18 7DZ | - | - | 4 | Detached House | ||
| £765K | 06/21 | 0.48 mi | 21, Park Avenue, Watford, Hertfordshire WD18 7HR | - | - | 4 | Detached House | ||
| £850K | 10/24 | 0.48 mi | 18, Shepherds Road, Watford WD18 7HX | £5,667 | 150 | 4 | Detached House | ||
| £850K | 10/24 | 0.48 mi | 18, Shepherds Road, Watford WD18 7HX | - | - | 4 | Detached House | ||
| £635K | 10/24 | 0.48 mi | 18, Clifton Road, Watford WD18 0DH | £5,381 | 118 | 4 | Semi-Detached House | ||
| £635K | 10/24 | 0.48 mi | 18, Clifton Road, Watford WD18 0DH | - | - | 4 | Semi-Detached House | ||
| £950K | 01/22 | 0.52 mi | 40, Cassiobury Park Avenue, Watford, Hertfordshire WD18 7LB | - | - | 4 | Detached House | ||
| £875K | 01/25 | 0.52 mi | 24, Rickmansworth Road, Watford WD18 7HT | £5,952 | 147 | 4 | Detached House | ||
| £875K | 01/25 | 0.52 mi | 24, Rickmansworth Road, Watford WD18 7HT | - | - | 4 | Detached House | ||
| £498K | 06/24 | 0.54 mi | 112, Liverpool Road, Watford, Hertfordshire WD18 0DN | £3,984 | 125 | 4 | Semi-Detached House | ||
| £498K | 06/24 | 0.56 mi | 112, Liverpool Road, Watford WD18 0DN | - | - | 4 | Semi-Detached House | ||
| £450K | 12/23 | 0.56 mi | 39, Liverpool Road, Watford, Hertfordshire WD18 0DW | £6,250 | 72 | 4 | Terraced House | ||
| £560K | 12/24 | 0.57 mi | 60, St James Road, Watford WD18 0DX | £4,590 | 122 | 4 | Semi-Detached House | ||
| £560K | 12/24 | 0.57 mi | 60, St James Road, Watford WD18 0DX | - | - | 4 | Semi-Detached House | ||
| £450K | 11/23 | 0.6 mi | 356, Croxley View, Watford, Hertfordshire WD18 6PR | £3,249 | 139 | 4 | Terraced House | ||
| £925K | 06/21 | 0.6 mi | 40, Shepherds Road, Watford, Hertfordshire WD18 7HF | £5,378 | 172 | 4 | Detached House | ||
| £475K | 09/22 | 0.61 mi | 10, Wiggenhall Road, Watford, Hertfordshire WD18 0AL | - | - | 4 | Semi-Detached House | ||
| £790K | 04/24 | 0.64 mi | 77, Cassiobury Park Avenue, Watford, Hertfordshire WD18 7LD | £6,172 | 128 | 4 | Semi-Detached House | ||
| £440K | 12/22 | 0.64 mi | 324, Croxley View, Watford, Hertfordshire WD18 6PP | £4,074 | 108 | 4 | Terraced House | ||
| £790K | 04/24 | 0.67 mi | 77, Cassiobury Park Avenue, Watford WD18 7LD | - | - | 4 | Semi-Detached House | ||
| £700K | 04/24 | 0.68 mi | 10, Swiss Avenue, Watford WD18 7LN | £5,072 | 138 | 4 | Semi-Detached House | ||
| £800K | 07/22 | 0.69 mi | 17, Gade Avenue, Watford, Hertfordshire WD18 7LQ | - | - | 4 | Semi-Detached House | ||
| £685K | 05/22 | 0.7 mi | 31, Gade Avenue, Watford, Hertfordshire WD18 7LQ | - | - | 4 | Semi-Detached House | ||
| £875K | 03/25 | 0.7 mi | 93, Cassiobury Park Avenue, Watford WD18 7LH | £5,833 | 150 | 4 | Semi-Detached House | ||
| £875K | 03/25 | 0.7 mi | 93, Cassiobury Park Avenue, Watford WD18 7LH | - | - | 4 | Semi-Detached House |
Local Area Statistics
Population in WD18 | 24,32324,323 |
Population in Watford | 117,094117,094 |
Town centre distance | 1 miles away1 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 0.62 miles away0.62 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | -2%-2% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +15%+15% |
Property History
Listed for £750,000
December 26, 2024
Sold for £500,000
2017
Floor Plans
Description
- ** NO UPPER CHAIN ** +
- IDEAL INVESTMENT OPPORTUNITY +
- HMO LAYOUT TARGETING WORKING PROFESSIONALS +
- NINE WELL-PROPORTIONED BEDROOMS +
- LARGE MODERN KITCHEN/DINING/LIVING AREA +
- MODERN BATHROOM, TWO SHOWER ROOMS & TWO EN-SUITES +
- EXCELLENT TRANSPORT LINKS INCLUDING WATFORD MET LINE +
- REAR DRIVEWAY FOR SEVERAL CARS +
SUMMARY
NO UPPER CHAIN MODERN BATHROOM, TWO SHOWER ROOMS & TWO EN-SUITES IDEAL INVESTMENT OPPORTUNITY NINE WELL-PROPORTIONED BEDROOMS CLOSE TO WATFORD MET LINE PRIME WATFORD LOCATION HMO LAYOUT TARGETING WORKING PROFESSIONALS LARGE MODERN KITCHEN/DINING/LIVING AREA**
DESCRIPTION
**NO UPPER CHAIN **
An ideal investment opportunity - located on Hagden Lane this expansive 8/9-bedroom semi-detached house presents a lucrative option for multi-occupancy house rental, offering three communal bathrooms, two en-suite shower rooms as well as off-street parking. This property represents an excellent opportunity for investors seeking a high-yield property in a thriving commuter hub - the property offers modern amenities tailored to working professionals, ensuring strong tenant demand. With its strategic location and proximity to both Watford's town centre and London, this property is set to deliver consistent rental income and long-term growth potential.
The property is situated within easy reach of Watford Town Centre and ideally placed within walking distance to Watford High Street & Watford Metropolitan Station with direct links into Euston. The award winning Cassiobury Park with its hugely popular play area/splash park and woodland are within easy reach, as well as the other recreational facilities to include Watford Leisure Centre and Atria Shopping Centre with its vast area of family entertainment.
For more information or to arrange a viewing please contact Connells today.
Entrance Porch
Front door, window to front aspect.
Entrance Hall
Window to side aspect, stairs to first floor landing, under-stairs storage.
Bedroom Three 13' 2" INTO BAY x 8' 10" ( 4.01m INTO BAY x 2.69m )
Bay window to front aspect.
Kitchen / Living Area 18' 7" MAX x 18' 3" MAX ( 5.66m MAX x 5.56m MAX )
Fitted kitchen comprised of wall and base units with work surfaces and tiling to complement, skylight, sink with drainer, electric eye level oven, gas hob with extractor hood, plumbing for washing machine, space for fridge/freezer.
Shower Room
Window to rear aspect, shower cubicle, WC, wash hand basin, hand towel rail.
Bedroom Eight 11' 8" MAX x 10' 7" MAX ( 3.56m MAX x 3.23m MAX )
Window to rear aspect, door to rear garden.
Bedroom Nine 7' 2" MAX x 6' 8" MAX ( 2.18m MAX x 2.03m MAX )
Window to rear aspect, door to rear garden.
Lean To
Door to rear garden, storage cupboard.
Bedroom Two 12' 3" MAX x 9' MAX ( 3.73m MAX x 2.74m MAX )
Door to en-suite.
En-Suite
Window to front aspect, shower cubicle, WC, wash hand basin, hand towel rail.
First Floor Landing
Stairs from entrance hall, stairs to second floor landing.
Bedroom One 15' 6" INTO BAY x 11' 11" ( 4.72m INTO BAY x 3.63m )
Bay window to front aspect, door to en-suite.
En-Suite
Window to front aspect, shower cubicle, WC, wash hand basin, hand towel rail.
Bedroom Four 15' 8" MAX x 10' 10" MAX ( 4.78m MAX x 3.30m MAX )
Window to rear aspect.
Bedroom Seven 9' 2" MAX x 8' 4" MAX ( 2.79m MAX x 2.54m MAX )
Window to rear aspect.
Shower Room
Window to side aspect, shower cubicle, WC, wash hand basin, hand towel rail.
Second Floor Landing
Stairs from first floor landing, window to side aspect, skylight, storage in eaves.
Bedroom Five 11' 11" MAX x 10' 1" MAX ( 3.63m MAX x 3.07m MAX )
Window to rear aspect, Juliet balcony.
Bedroom Six 8' 5" MAX x 7' 10" MAX ( 2.57m MAX x 2.39m MAX )
Window to rear aspect.
Bathroom
Skylight, bath with mixer taps and overhead shower, WC, wash hand basin, hand towel rail.
Outside
Rear Garden
Block paved, side access.
Parking
Parking at the rear of the property with potential for additional driveway.
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.