9 Bed HMO, Watford, WD18 7UH £750,000

Hagden Lane, WATFORD, WD18 7UH - a year ago
HMO
Outside Article 4
ROI: 10%
~279 m²
Property image

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
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£187,500

Stamp Duty & Legal Fees

£66,200

Total Cash In

£253,700

 

 

Cash Out

 

Room Rate

£771

Gross Rent

£6,939

Running Costs/mo

£4,890

Cashflow/mo

£2,049

Cashflow/yr

£24,592

ROI

10%

Gross Yield

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
Beds
 
£651K06/220.08 mi83, Hagden Lane, Watford, Hertfordshire WD18 7UA4
£540K06/210.11 mi18, Kelmscott Close, Watford, Hertfordshire WD18 0NQ4
£555K11/220.19 mi33, Brightwell Road, Watford, Hertfordshire WD18 0HR4
£518K06/210.2 mi12, Crusader Way, Watford, Hertfordshire WD18 6GW4
£540K09/220.25 mi332, Hagden Lane, Watford, Hertfordshire WD18 7SH4
£620K03/240.27 mi342a, Hagden Lane, Watford WD18 7SH4
£620K03/240.27 mi342a, Hagden Lane, Watford WD18 7SH4
£895K06/250.29 mi99, Mildred Avenue, Watford WD18 7DU4
£895K06/250.29 mi99, Mildred Avenue, Watford WD18 7DU4
£647.5K04/250.31 mi73, Mildred Avenue, Watford WD18 7DU4
£647.5K04/250.31 mi73, Mildred Avenue, Watford WD18 7DU4
£650K07/230.33 mi110, Mildred Avenue, Watford, Hertfordshire WD18 7DX4
£480K01/240.34 mi92, Mildred Avenue, Watford WD18 7DX4
£670K11/240.34 mi129, Rickmansworth Road, Watford WD18 7JD4
£670K11/240.34 mi129, Rickmansworth Road, Watford WD18 7JD4
£350K09/230.36 mi133, Whippendell Road, Watford, Hertfordshire WD18 7NH4
£705K04/230.39 mi440, Whippendell Road, Watford, Hertfordshire WD18 7PT4
£590K06/210.39 mi10, Burton Avenue, Watford, Hertfordshire WD18 7NQ4
£615K08/240.4 mi503, Whippendell Road, Watford WD18 7QB4
£615K08/240.4 mi503, Whippendell Road, Watford WD18 7QB4
£725K03/230.4 mi89, Durban Road West, Watford, Hertfordshire WD18 7DS4
£700K09/220.4 mi41, King Georges Avenue, Watford, Hertfordshire WD18 7QE4
£680K02/240.45 mi22, Mildred Avenue, Watford, Hertfordshire WD18 7DZ4
£710K06/240.45 mi3, Observer Drive, Watford WD18 7GR4
£710K06/240.45 mi3, Observer Drive, Watford WD18 7GR4
£680K02/240.46 mi22, Mildred Avenue, Watford WD18 7DZ4
£765K06/210.48 mi21, Park Avenue, Watford, Hertfordshire WD18 7HR4
£850K10/240.48 mi18, Shepherds Road, Watford WD18 7HX4
£850K10/240.48 mi18, Shepherds Road, Watford WD18 7HX4
£635K10/240.48 mi18, Clifton Road, Watford WD18 0DH4
£635K10/240.48 mi18, Clifton Road, Watford WD18 0DH4
£950K01/220.52 mi40, Cassiobury Park Avenue, Watford, Hertfordshire WD18 7LB4
£875K01/250.52 mi24, Rickmansworth Road, Watford WD18 7HT4
£875K01/250.52 mi24, Rickmansworth Road, Watford WD18 7HT4
£498K06/240.54 mi112, Liverpool Road, Watford, Hertfordshire WD18 0DN4
£498K06/240.56 mi112, Liverpool Road, Watford WD18 0DN4
£450K12/230.56 mi39, Liverpool Road, Watford, Hertfordshire WD18 0DW4
£560K12/240.57 mi60, St James Road, Watford WD18 0DX4
£560K12/240.57 mi60, St James Road, Watford WD18 0DX4
£450K11/230.6 mi356, Croxley View, Watford, Hertfordshire WD18 6PR4
£925K06/210.6 mi40, Shepherds Road, Watford, Hertfordshire WD18 7HF4
£475K09/220.61 mi10, Wiggenhall Road, Watford, Hertfordshire WD18 0AL4
£790K04/240.64 mi77, Cassiobury Park Avenue, Watford, Hertfordshire WD18 7LD4
£440K12/220.64 mi324, Croxley View, Watford, Hertfordshire WD18 6PP4
£790K04/240.67 mi77, Cassiobury Park Avenue, Watford WD18 7LD4
£700K04/240.68 mi10, Swiss Avenue, Watford WD18 7LN4
£800K07/220.69 mi17, Gade Avenue, Watford, Hertfordshire WD18 7LQ4
£685K05/220.7 mi31, Gade Avenue, Watford, Hertfordshire WD18 7LQ4
£875K03/250.7 mi93, Cassiobury Park Avenue, Watford WD18 7LH4
£875K03/250.7 mi93, Cassiobury Park Avenue, Watford WD18 7LH4

Local Area Statistics

Population in WD18

24,323

Population in Watford

117,094

Town centre distance

1 miles away

Nearest school

0.20 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £750,000

December 26, 2024

Sold for £500,000

2017

Floor Plans

Property image

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.

Agent Details

Connells, Watford

01923 961934

Next Steps?

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