2 Bed Flat, Single Let, Watford, WD17 2AA, £284,500

Sedgewick Place, Pumphouse Crescent, Watford, WD17 2AA - 23 days ago

Leasehold
BTL
ROI: 4%
~68 m²
+14 photos

ValuationUndervalued

Sold Prices£150K - £470K
Sold Prices/m²£3.5K/m² - £6.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.2K/m²

Value Estimate

£332,215
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£71,125

Stamp Duty & Legal Fees

£17,700

Total Cash In

£88,825

 

 

Cash Out

 

Rent Range

£1,100 - £3,700

Rent Estimate

£1,500

Running Costs/mo

£1,209

Cashflow/mo

£291

Cashflow/yr

£3,491

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £150K to £470K, average is £296.5K. £3.5K/m² to £6.8K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£315.5K09/230.14 mi19, Farthing Close, Watford, Hertfordshire WD18 0BT2
£268K04/230.14 mi36, Farthing Close, Watford, Hertfordshire WD18 0BT2
£315K01/240.15 mi36, Water Lane, Watford, Hertfordshire WD17 2NH2
£250K09/200.26 miFlat 2, Rose Court, Hamilton Street, Watford, Hertfordshire WD18 0GF2
£300K11/220.28 mi70b, St James Road, Watford, Hertfordshire WD18 0DX2
£280K11/210.36 mi6b, Grosvenor Road, Watford, Hertfordshire WD17 2QT2
£272K06/210.37 mi84b, Gladstone Road, Watford, Hertfordshire WD17 2RB2
£315K06/230.37 mi58, Gladstone Road, Watford, Hertfordshire WD17 2RB2
£290K06/210.39 miFlat 29, Lambert Court, Bushey Grove Road, Bushey, Hertfordshire WD23 2HF2
£285K03/210.39 miFlat 28, Lambert Court, Bushey Grove Road, Bushey, Hertfordshire WD23 2HF2
£260K02/210.39 miFlat 42, Lambert Court, Bushey Grove Road, Bushey, Hertfordshire WD23 2HF2
£150K05/230.39 miFlat 30, Lambert Court, Bushey Grove Road, Bushey, Hertfordshire WD23 2HF2
£350K01/230.43 mi3, Bushey Grove Road, Bushey, Hertfordshire WD23 2JY2
£259K01/210.46 mi6a, Queens Place, Watford, Hertfordshire WD17 2RD2
£239K06/210.46 mi5, Queens Place, Watford, Hertfordshire WD17 2RD2
£345K10/210.48 miFlat 9, Mulberry Lodge, Eastbury Road, Watford, Hertfordshire WD19 4PN2
£280K11/230.51 miFlat 21, Kennett Court, Whippendell Road, Watford, Hertfordshire WD18 7LT2
£390K04/210.52 mi41, Wellsfield, Bushey, Hertfordshire WD23 2NU2
£337.5K07/230.55 mi74c, Bushey Hall Road, Bushey, Hertfordshire WD23 2EQ2
£355K11/210.56 mi103, Walton Road, Bushey, Hertfordshire WD23 2FE2
£310K11/200.63 mi1, Siskin Close, Bushey, Hertfordshire WD23 2HN2
£305K11/230.67 mi14, Christie Court, Watford, Hertfordshire WD18 0LA2
£293K06/210.67 mi8, Christie Court, Watford, Hertfordshire WD18 0LA2
£300K10/210.69 mi26a, Benskin Road, Watford, Hertfordshire WD18 0HW2
£435K04/210.73 mi35, St Johns Road, Watford, Hertfordshire WD17 1QB2
£235K11/220.76 miFlat 23, The Gables, Ransom Close, Watford, Hertfordshire WD19 4NG2
£175K11/230.76 miFlat 32, The Gables, Ransom Close, Watford, Hertfordshire WD19 4NG2
£239K11/220.76 miFlat 4, The Gables, Ransom Close, Watford, Hertfordshire WD19 4NG2
£170K10/230.76 miFlat 21, The Gables, Ransom Close, Watford, Hertfordshire WD19 4NG2
£185K05/230.76 miFlat 26, The Gables, Ransom Close, Watford, Hertfordshire WD19 4NG2
£257.5K02/240.78 miAlexandra Court, Flat 22, Aston Close, Watford, Hertfordshire WD24 4RS2
£337.5K09/200.78 miFlat 42, Alexandra Court, Keele Close, Watford, Hertfordshire WD24 4RT2
£309K01/210.78 miFlat 19, Alexandra Court, Aston Close, Watford, Hertfordshire WD24 4RS2
£333.5K02/210.78 miFlat 44, Alexandra Court, Keele Close, Watford, Hertfordshire WD24 4RT2
£337.5K09/200.78 miFlat 42, Alexandra Court, Keele Close, Watford, Hertfordshire WD24 4RT2
£235K02/210.8 mi22a, Queens Avenue, Watford, Hertfordshire WD18 7NR2
£325K05/210.81 miFlat 21, Elizabeth House, Exeter Close, Watford, Hertfordshire WD24 4RE2
£292.5K11/230.81 miFlat 9, Andrew Reed Court, Keele Close, Watford, Hertfordshire WD24 4RU2
£280K02/230.81 miFlat 8, Roedean House, Exeter Close, Watford, Hertfordshire WD24 4BN2
£270K10/220.81 miFlat 17, Badminton House, Anglian Close, Watford, Hertfordshire WD24 4RG2
£300K06/210.81 mi2b, Upper Paddock Road, Watford, Hertfordshire WD19 4DZ2
£275K06/210.83 miFlat 5, Canterbury House, Anglian Close, Watford, Hertfordshire WD24 4RH2
£408K02/230.83 mi4b, Essex Road, Watford, Hertfordshire WD17 4EP2
£300K10/200.83 miFlat 8, Lancing House, Hallam Close, Watford, Hertfordshire WD24 4RL2
£310K12/200.84 mi17a, Essex Road, Watford, Hertfordshire WD17 4EL2
£275K06/210.84 miFlat 13, Westminster House, Hallam Close, Watford, Hertfordshire WD24 4RJ2
£350K09/230.85 miFlat 22, Mayfield Court, London Road, Bushey, Hertfordshire WD23 2NN2
£363K06/210.85 miFlat 25, Mayfield Court, London Road, Bushey, Hertfordshire WD23 2NN2
£470K03/230.85 miFlat 38, Mayfield Court, London Road, Bushey, Hertfordshire WD23 2NN2
£285K10/210.85 miFlat 12, Cheltenham House, Exeter Close, Watford, Hertfordshire WD24 4BL2

Local Rents

59 rents from £1.1K/mo to £3.7K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65002/250.03 mi-2
£3,50010/240.1 mi-2
£3,70010/240.1 mi-2
£1,85002/240.1 mi-2
£3,10001/250.1 mi-2
£3,10001/250.1 mi-2
£1,75003/250.1 mi-2
£1,59502/250.11 mi-2
£1,59502/250.11 mi-2
£1,50010/240.14 miFarthing Close, Watford, Hertfordshire, WD182
£1,10011/240.14 mi-2
£1,10011/240.14 mi-2
£1,65001/250.19 mi-2
£1,60002/250.2 mi-2
£1,69511/240.2 mi-2
£1,69511/240.2 mi-2
£1,69511/240.2 mi-2
£1,80003/250.21 mi-2
£1,50010/240.21 miYork Road, WATFORD2
£1,70010/240.22 miKings Close, WATFORD2
£1,65003/250.33 mi-2
£1,50010/240.34 miMarket Street, Watford2
£1,65003/250.35 mi-2
£1,50010/240.35 miVicarage Road2
£1,87510/240.37 mi-2
£1,87510/240.37 miVicarage Road, London, WD182
£1,75002/250.37 mi-2
£2,80001/250.37 mi-2
£2,80001/250.37 mi-2
£3,00003/250.37 mi-2
£2,25003/250.38 mi-2
£3,20011/240.38 mi-2
£3,50011/240.38 mi-2
£1,95010/240.38 mi-2
£1,95003/250.38 mi-2
£1,95002/250.38 mi-2
£1,75010/240.39 mi-2
£1,99003/250.39 mi-2
£1,79503/250.39 mi-2
£1,79503/250.39 mi-2
£2,45011/240.4 mi-2
£2,45001/250.4 mi-2
£2,20003/250.4 mi-2
£1,87502/240.41 mi-2
£1,90002/240.41 mi-2
£1,90002/240.41 mi-2
£1,87510/240.41 mi-2
£1,90002/240.41 mi-2
£1,87510/240.41 mi-2
£1,87510/240.41 mi-2
£1,35002/240.42 mi-2
£1,35002/240.42 mi-2
£2,20002/240.43 mi-2
£2,15001/250.43 mi-2
£1,60003/250.43 mi-2
£1,65010/240.44 mi-2
£1,65012/240.44 mi-2
£1,80010/240.44 mi-2
£1,80010/240.44 mi-2

Local Area Statistics

Population in WD17

15,825

Population in Watford

117,094

Town centre distance

0.79 miles away

Nearest school

0.10 miles away

Nearest train station

0.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £284,500

March 13, 2025

Listed for £290,000

February 27, 2025

Floor Plans

Description

  • Two Double Bedrooms +
  • Two Bathrooms (One Ensuite) +
  • 15`4 Reception Room with Southerly facing balcony overlooking Watford Fields +
  • Modern fitted Kitchen +
  • Secure allocated parking +
  • Gas fired heating to radiators +
  • Ideal Investment / First Time Purchase +
  • No Upper Chain +

Modern TWO DOUBLE BEDROOM, TWO BATHROOM SECOND (TOP) FLOOR APARTMENT with Southerly facing balcony that overlooks Watford Fields. This property is ideally located for convenience, close to; Watford Town Centre (approximately 6 minutes walk to Artria Shopping Centre), The Arches and Century retail park (approximately 7 minutes walk), Watford High Street & Bushey Overgorund Stations, Tescos and Watford Girls Grammar School and would make an ideal rental investment or first time home.

The property benefits from a 15`4 Reception Room which opens onto a modern fitted Kitchen and also a Southerly facing Balcony with great views of Watford Fields, the principle Bedroom benefits from an Ensuite Shower Room, there is an additional double Bedroom and family Bathroom, finally you will find an a secure allocated parking bay behind the communal gates.

Tenure; Leasehold with a 125 year Lease from 1st June, 2010 with a fixed Ground Rent of £250 per annum.

Service Charge: £2,276.04 per annum
Local Authority: Watford Borough Council - Council Tax Band: D

what3words /// civil.zest.torch

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?

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