2 Bed Flat, Single Let, Watford, WD17 2PJ, £275,000

Ashleigh Court, Loates Lane, WD17 2PJ - 2 views - 2 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£150K - £435K
Sold Prices/m²£3.5K/m² - £6.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£339,303
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Rent Range

£1,300 - £3,700

Rent Estimate

£1,406

Running Costs/mo

£1,161

Cashflow/mo

£245

Cashflow/yr

£2,945

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £150K to £435K, average is £291.3K. £3.5K/m² to £6.8K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£280K11/210.1 mi6b, Grosvenor Road, Watford, Hertfordshire WD17 2QT2
£272K06/210.12 mi84b, Gladstone Road, Watford, Hertfordshire WD17 2RB2
£315K06/230.12 mi58, Gladstone Road, Watford, Hertfordshire WD17 2RB2
£259K01/210.15 mi6a, Queens Place, Watford, Hertfordshire WD17 2RD2
£239K06/210.15 mi5, Queens Place, Watford, Hertfordshire WD17 2RD2
£315K01/240.31 mi36, Water Lane, Watford, Hertfordshire WD17 2NH2
£435K04/210.37 mi35, St Johns Road, Watford, Hertfordshire WD17 1QB2
£280K11/230.38 miFlat 21, Kennett Court, Whippendell Road, Watford, Hertfordshire WD18 7LT2
£257.5K02/240.44 miAlexandra Court, Flat 22, Aston Close, Watford, Hertfordshire WD24 4RS2
£337.5K09/200.44 miFlat 42, Alexandra Court, Keele Close, Watford, Hertfordshire WD24 4RT2
£309K01/210.44 miFlat 19, Alexandra Court, Aston Close, Watford, Hertfordshire WD24 4RS2
£333.5K02/210.44 miFlat 44, Alexandra Court, Keele Close, Watford, Hertfordshire WD24 4RT2
£337.5K09/200.44 miFlat 42, Alexandra Court, Keele Close, Watford, Hertfordshire WD24 4RT2
£280K02/230.45 miFlat 8, Roedean House, Exeter Close, Watford, Hertfordshire WD24 4BN2
£292.5K11/230.45 miFlat 9, Andrew Reed Court, Keele Close, Watford, Hertfordshire WD24 4RU2
£325K05/210.46 miFlat 21, Elizabeth House, Exeter Close, Watford, Hertfordshire WD24 4RE2
£270K10/220.47 miFlat 17, Badminton House, Anglian Close, Watford, Hertfordshire WD24 4RG2
£300K10/200.48 miFlat 8, Lancing House, Hallam Close, Watford, Hertfordshire WD24 4RL2
£275K06/210.49 miFlat 5, Canterbury House, Anglian Close, Watford, Hertfordshire WD24 4RH2
£275K06/210.49 miFlat 13, Westminster House, Hallam Close, Watford, Hertfordshire WD24 4RJ2
£350K01/230.5 mi3, Bushey Grove Road, Bushey, Hertfordshire WD23 2JY2
£408K02/230.5 mi4b, Essex Road, Watford, Hertfordshire WD17 4EP2
£300K11/220.51 mi70b, St James Road, Watford, Hertfordshire WD18 0DX2
£310K12/200.51 mi17a, Essex Road, Watford, Hertfordshire WD17 4EL2
£270K11/220.51 miFlat 4, Wellington House, Exeter Close, Watford, Hertfordshire WD24 4BP2
£285K10/210.51 miFlat 12, Cheltenham House, Exeter Close, Watford, Hertfordshire WD24 4BL2
£290K06/210.51 miFlat 29, Lambert Court, Bushey Grove Road, Bushey, Hertfordshire WD23 2HF2
£285K03/210.51 miFlat 28, Lambert Court, Bushey Grove Road, Bushey, Hertfordshire WD23 2HF2
£260K02/210.51 miFlat 42, Lambert Court, Bushey Grove Road, Bushey, Hertfordshire WD23 2HF2
£150K05/230.51 miFlat 30, Lambert Court, Bushey Grove Road, Bushey, Hertfordshire WD23 2HF2
£315.5K09/230.51 mi19, Farthing Close, Watford, Hertfordshire WD18 0BT2
£268K04/230.51 mi36, Farthing Close, Watford, Hertfordshire WD18 0BT2
£355K11/210.58 mi103, Walton Road, Bushey, Hertfordshire WD23 2FE2
£200K02/240.61 miMalden Lodge, Flat 9, Alexandra Road, Watford, Hertfordshire WD17 4BS2
£273K10/220.61 mi92, Norbury Avenue, Watford, Hertfordshire WD24 4PD2
£250K09/200.62 miFlat 2, Rose Court, Hamilton Street, Watford, Hertfordshire WD18 0GF2
£337.5K07/230.62 mi74c, Bushey Hall Road, Bushey, Hertfordshire WD23 2EQ2
£377.5K12/220.63 mi34a, Hempstead Road, Watford, Hertfordshire WD17 4ER2
£285K07/230.63 mi150, Norbury Avenue, Watford, Hertfordshire WD24 4PE2
£290K11/230.63 mi156, Norbury Avenue, Watford, Hertfordshire WD24 4PE2
£310K11/200.7 mi1, Siskin Close, Bushey, Hertfordshire WD23 2HN2
£305K11/230.7 mi14, Christie Court, Watford, Hertfordshire WD18 0LA2
£293K06/210.7 mi8, Christie Court, Watford, Hertfordshire WD18 0LA2
£300K10/210.74 mi26a, Benskin Road, Watford, Hertfordshire WD18 0HW2
£200K12/200.75 mi12, Church Road, Watford, Hertfordshire WD17 4PU2
£200K12/200.75 mi12, Church Road, Watford, Hertfordshire WD17 4PU2
£375K02/210.78 mi45, Mead Way, Bushey, Hertfordshire WD23 2DH2
£390K04/210.81 mi41, Wellsfield, Bushey, Hertfordshire WD23 2NU2
£235K02/210.83 mi22a, Queens Avenue, Watford, Hertfordshire WD18 7NR2
£420K06/210.83 mi6, Woodgate Mews, Watford, Hertfordshire WD17 4PG2

Local Rents

55 rents from £1.3K/mo to £3.7K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,95010/240.02 mi-2
£1,95003/250.02 mi-2
£1,95002/250.02 mi-2
£1,65003/250.02 mi-2
£1,75010/240.02 mi-2
£3,20011/240.03 mi-2
£3,50011/240.03 mi-2
£1,80010/240.08 mi-2
£1,80010/240.08 mi-2
£2,45011/240.08 mi-2
£2,45001/250.08 mi-2
£2,20003/250.08 mi-2
£1,60003/250.09 mi-2
£1,75002/240.12 mi-2
£1,75002/240.12 mi-2
£1,59501/250.16 mi-2
£2,80001/250.17 mi-2
£2,80001/250.17 mi-2
£3,00003/250.17 mi-2
£3,00010/240.17 mi-2
£1,60001/250.17 mi-2
£2,45002/250.18 mi-2
£2,05003/250.18 mi-2
£1,30001/250.19 mi-2
£2,50002/250.19 mi-2
£2,70012/240.22 mi-2
£2,70012/240.22 mi-2
£1,50010/240.23 miMarket Street, Watford2
£1,59502/250.27 mi-2
£1,75010/240.27 mi-2
£1,59502/250.27 mi-2
£3,50010/240.28 mi-2
£3,70010/240.28 mi-2
£1,85002/240.28 mi-2
£3,10001/250.28 mi-2
£3,10001/250.28 mi-2
£1,80003/250.28 mi-2
£1,70010/240.29 miKings Close, WATFORD2
£1,75003/250.31 mi-2
£1,69903/250.31 mi-2
£1,70001/250.33 mi-2
£2,59903/250.33 mi-2
£1,65002/250.35 mi-2
£1,35011/240.36 mi-2
£1,80010/240.36 miSt Pauls Way, WD242
£2,60011/240.36 mi-2
£2,65001/250.36 mi-2
£2,55003/250.36 mi-2
£1,75003/250.37 mi-2
£1,75002/250.37 mi-2
£1,60003/250.38 mi-2
£1,80010/240.38 mi-2
£1,70010/240.38 miWhippendell Road, WATFORD2
£1,65001/250.39 mi-2
£1,49510/240.4 miElizabeth House, Exeter Close, Watford, Hertfordshire, WD242

Local Area Statistics

Population in WD17

15,825

Population in Watford

117,094

Town centre distance

0.44 miles away

Nearest school

0.10 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £275,000

January 15, 2025

Floor Plans

Description

  • TWO BEDROOMS +
  • RECENTLY REDECORATED +
  • LARGE BALCONY +
  • TWO BATHROOMS - ONE EN-SUITE +
  • GATED PARKING +
  • PLENTY OF STORAGE SPACE +
  • TOWN CENTRE LOCATION +
  • WALKING DISTANCE TO WATFORD JUNCTION +

SUPERB LOCATION! Be quick to arrange a viewing on this 2 bedroom 2 bathroom top floor apartment with private balcony and underground parking. Ideally situated in Watford Town Centre close to shops, bus and road links as well as being a 0.5 mile walk to Watford Junction Train Station. CHAIN FREE!

Located on the top floor of the development, is this spacious two double bedroom apartment, with a large balcony. The property comprises an entrance hall, two good size bedrooms, one with an ensuite, a family bathroom and open plan kitchen/dining and living space. The apartment is ideally located in the Town Centre of Watford, in great proximity to shops, restaurants and Watford Junction station, with the M1 & M25 links are just a short drive away as well. The property is offered chain free.

Lease Length: 157 Years (less 3 days) from 29th September 2005 - 138 years remaining
Service Charge: £4,000 p.a. approx
Ground Rent: £490 p.a.

what3words /// rate.jungle.discouraged

Notice
We have prepared these particulars as a general guide of the property and they are not intended to constitute part of an offer or contract. We have not carried out a detailed survey of the property and we have not tested any apparatus, fixtures, fittings, or services. All measurements and floorplans are approximate, and photographs are for guidance only, and these should not be relied upon for the purchase of carpets or any other fixtures or fittings.

Lease details, service charges and ground rent (where applicable) have been provided by the client and should be checked and confimed by your solicitor prior to exchange of contracts.

Agent Details

Fairfield Estate Agents, Watford

01923 961868

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪