2 Bed Flat, Single Let, Watford, WD25 7DN, £240,000

Bembridge Place, Linden Lea, Watford, WD25 7DN - 3 views - 4 months ago

Leasehold
BTL
ROI: 7%
~68 m²
+15 photos

ValuationUndervalued

Sold Prices£190K - £585K
Sold Prices/m²£3.3K/m² - £6.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£300,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Rent Range

£1,325 - £2,000

Rent Estimate

£1,456

Running Costs/mo

£1,061

Cashflow/mo

£395

Cashflow/yr

£4,738

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £190K to £585K, average is £280.6K. £3.3K/m² to £6.1K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£300K06/210.04 mi40, Linden Lea, Watford, Hertfordshire WD25 7DR2
£305K12/200.13 mi151, High Road, Leavesden, Watford, Hertfordshire WD25 7AP2
£305K12/200.13 mi151, High Road, Leavesden, Watford, Hertfordshire WD25 7AP2
£310K10/220.27 mi111, High Road, Leavesden, Watford, Hertfordshire WD25 7LL2
£315K04/210.41 mi53, Redheath Close, Watford, Hertfordshire WD25 7AH2
£290K06/210.43 mi11, Balmoral Road, Abbots Langley, Hertfordshire WD5 0ST2
£250K09/220.58 miFlat 1a, Rayleigh House, Shirley Road, Abbots Langley, Hertfordshire WD5 0NE2
£272.5K05/210.58 mi8, Swallows Oak, Abbots Langley, Hertfordshire WD5 0LF2
£274.5K05/210.58 mi11, Harlech Road, Abbots Langley, Hertfordshire WD5 0BD2
£191.3K12/220.58 mi19, De Havilland Way, Abbots Langley, Hertfordshire WD5 0XF2
£190K09/210.58 mi21, De Havilland Way, Abbots Langley, Hertfordshire WD5 0XF2
£246K06/220.58 mi23, Harlech Road, Abbots Langley, Hertfordshire WD5 0BD2
£290K03/210.58 mi9, Swallows Oak, Abbots Langley, Hertfordshire WD5 0LF2
£265K03/210.59 mi16, Harlech Road, Abbots Langley, Hertfordshire WD5 0BF2
£265K02/230.59 miFlat 8, Sabine House, Shirley Road, Abbots Langley, Hertfordshire WD5 0NF2
£235K03/210.6 mi20, Harlech Road, Abbots Langley, Hertfordshire WD5 0BF2
£270K05/230.6 mi18, Harlech Road, Abbots Langley, Hertfordshire WD5 0BF2
£283K08/220.6 miFlat 8, Burley House, Queens Drive, Abbots Langley, Hertfordshire WD5 0PR2
£290K06/210.65 miFlat 22, Leavesden Court, Mallard Road, Abbots Langley, Hertfordshire WD5 0GT2
£300K11/210.65 miFlat 50, Leavesden Court, Mallard Road, Abbots Langley, Hertfordshire WD5 0GT2
£370K10/230.65 miFlat 63, Leavesden Court, Mallard Road, Abbots Langley, Hertfordshire WD5 0GT2
£325K12/220.65 miFlat 34, Leavesden Court, Mallard Road, Abbots Langley, Hertfordshire WD5 0GT2
£282.5K12/220.65 miFlat 25, Leavesden Court, Mallard Road, Abbots Langley, Hertfordshire WD5 0GT2
£260K03/210.65 mi57, Orbital Crescent, Watford, Hertfordshire WD25 0HB2
£310K12/210.65 miFlat 41, Leavesden Court, Mallard Road, Abbots Langley, Hertfordshire WD5 0GT2
£295K01/230.67 mi49, Orbital Crescent, Watford, Hertfordshire WD25 0HB2
£290K06/210.67 mi26, Poundfield, Watford, Hertfordshire WD25 7AB2
£265K04/230.67 mi28, Poundfield, Watford, Hertfordshire WD25 7AB2
£250K11/200.7 mi38, Tylersfield, Abbots Langley, Hertfordshire WD5 0PS2
£250K11/200.7 mi38, Tylersfield, Abbots Langley, Hertfordshire WD5 0PS2
£272.5K06/210.7 mi39, Tylersfield, Abbots Langley, Hertfordshire WD5 0PS2
£247K02/230.7 mi40, Tylersfield, Abbots Langley, Hertfordshire WD5 0PS2
£255K01/210.72 mi26, Tylersfield, Abbots Langley, Hertfordshire WD5 0PS2
£315K01/230.73 mi435, North Western Avenue, Watford, Hertfordshire WD24 5NX2
£278.8K03/210.73 mi441, North Western Avenue, Watford, Hertfordshire WD24 5NX2
£290K03/230.73 mi437, North Western Avenue, Watford, Hertfordshire WD24 5NX2
£286K03/210.77 mi14, West Drive, Watford, Hertfordshire WD25 0AL2
£585K08/230.77 mi3, Crown Rise, Watford, Hertfordshire WD25 0NE2
£285K03/210.78 mi54, Trevellance Way, Watford, Hertfordshire WD25 0LY2
£285K11/200.78 mi55, Trevellance Way, Watford, Hertfordshire WD25 0LY2
£269K08/210.78 mi8, Trevellance Way, Watford, Hertfordshire WD25 0LY2
£285K03/210.78 mi54, Trevellance Way, Watford, Hertfordshire WD25 0LY2
£284K04/210.8 mi64, Trevellance Way, Watford, Hertfordshire WD25 0LZ2
£290K04/210.8 mi59, Trevellance Way, Watford, Hertfordshire WD25 0LZ2
£243K11/200.8 mi8, Courtlands Close, Watford, Hertfordshire WD24 5GR2
£245K03/210.8 mi7, Courtlands Close, Watford, Hertfordshire WD24 5GR2
£235K07/210.82 mi101, Courtlands Close, Watford, Hertfordshire WD24 5GX2
£265K08/210.82 mi17, The Glebe, Watford, Hertfordshire WD25 0LT2
£247K11/200.83 miFlat 12, Rugby Lodge, Courtlands Close, Watford, Hertfordshire WD24 5GQ2
£240K02/210.84 mi94, Courtlands Close, Watford, Hertfordshire WD24 5GP2

Local Rents

21 rents from £1.3K/mo to £2K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,50002/240.06 mi-2
£1,49502/240.06 mi-2
£1,49510/240.06 mi-2
£1,90004/250.12 mi-2
£2,00004/250.12 mi-2
£1,40010/240.24 miSt. Albans Road, Watford, Hertfordshire, WD252
£1,32510/240.25 miSheepcot Lane, Watford2
£1,50002/250.25 mi-2
£1,80010/240.27 miValley Rise, Watford2
£1,75002/240.29 mi-2
£1,69502/240.29 mi-2
£1,69507/240.29 mi-2
£2,00010/240.4 mi-2
£1,79502/240.4 mi-2
£1,75010/240.42 miRoss Crescent, WATFORD2
£1,75010/240.42 miRoss Crescent, WATFORD2
£1,45002/240.46 mi-2
£1,75002/240.48 mi-2
£1,50010/240.52 miMargaret Close, WD52
£1,60010/240.55 mi-2
£1,52510/240.58 miSwallows Oak2

Local Area Statistics

Population in WD25

27,708

Population in Watford

117,094

Town centre distance

2.21 miles away

Nearest school

0.20 miles away

Nearest train station

0.92 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £240,000

January 8, 2025

Floor Plans

Description

  • New Lease on Completion +
  • Second Floor Apartment +
  • Two Bedrooms +
  • Family Bathroom +
  • Modern Fitted Bathroom +
  • Communal Gardens +
  • Popular Development +
  • Garage & Residents Parking +
  • Leasehold. EPC Rating C. Council Tax Band B. +
  • 618 Sq.Ft (57.4 Sq.M) +

A charming second floor apartment located in a sought-after area with the added advantage of a garage and parking.

New Lease on Completion.

The accommodation briefly comprises an entrance hallway with built in storage and access to all rooms which include an open plan fitted kitchen/reception room, two cosy bedrooms with the principal bedroom benefitting from built in cupboard’s and a family bathroom comprising of a three piece suite.

The apartment features a well-maintained communal garden as well as parking and a garage for added convenience.

This home is located well for several sought after schools such as Alban Wood, Leavesden Green and Kingsway. There is a local grocery store and this home is well placed for the North Orbital Road and the M1 and A41.

Agent Details

Gibbs Gillespie, Rickmansworth Sales

01923 961356

Next Steps?

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