2 Bed Flat, Single Let, Watford, WD17 2QW, £250,000





ValuationUndervalued
Sold Prices | £150K - £435K |
Sold Prices/m² | £3.5K/m² - £6.8K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £3.7K/m² |
Value Estimate | £307,500£307,500 |
BMV | 23% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £62,500£62,500 |
Stamp Duty & Legal Fees | £13,700£13,700 |
Total Cash In | £76,200£76,200 |
| |
Cash Out | |
Rent Range | £1,300 - £3,500£1,300 - £3,500 |
Rent Estimate | £1,444 |
Running Costs/mo | £1,090£1,090 |
Cashflow/mo | £354£354 |
Cashflow/yr | £4,247£4,247 |
ROI | 6%6% |
Gross Yield | 7%7% |
Local Sold Prices
50 sold prices from £150K to £435K, average is £292.8K. £3.5K/m² to £6.8K/m², average is £5.2K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£259K | 01/21 | 0.03 mi | 6a, Queens Place, Watford, Hertfordshire WD17 2RD | £4,625 | 56 | 2 | Flat | |
£239K | 06/21 | 0.03 mi | 5, Queens Place, Watford, Hertfordshire WD17 2RD | £4,878 | 49 | 2 | Flat | |
£272K | 06/21 | 0.1 mi | 84b, Gladstone Road, Watford, Hertfordshire WD17 2RB | £4,185 | 65 | 2 | Flat | |
£315K | 06/23 | 0.1 mi | 58, Gladstone Road, Watford, Hertfordshire WD17 2RB | £5,722 | 55 | 2 | Flat | |
£280K | 11/21 | 0.11 mi | 6b, Grosvenor Road, Watford, Hertfordshire WD17 2QT | £4,828 | 58 | 2 | Flat | |
£257.5K | 02/24 | 0.31 mi | Alexandra Court, Flat 22, Aston Close, Watford, Hertfordshire WD24 4RS | £3,480 | 74 | 2 | Flat | |
£337.5K | 09/20 | 0.31 mi | Flat 42, Alexandra Court, Keele Close, Watford, Hertfordshire WD24 4RT | - | - | 2 | Flat | |
£309K | 01/21 | 0.31 mi | Flat 19, Alexandra Court, Aston Close, Watford, Hertfordshire WD24 4RS | - | - | 2 | Flat | |
£333.5K | 02/21 | 0.31 mi | Flat 44, Alexandra Court, Keele Close, Watford, Hertfordshire WD24 4RT | - | - | 2 | Flat | |
£337.5K | 09/20 | 0.31 mi | Flat 42, Alexandra Court, Keele Close, Watford, Hertfordshire WD24 4RT | - | - | 2 | Flat | |
£325K | 05/21 | 0.34 mi | Flat 21, Elizabeth House, Exeter Close, Watford, Hertfordshire WD24 4RE | - | - | 2 | Flat | |
£292.5K | 11/23 | 0.34 mi | Flat 9, Andrew Reed Court, Keele Close, Watford, Hertfordshire WD24 4RU | - | - | 2 | Flat | |
£270K | 10/22 | 0.34 mi | Flat 17, Badminton House, Anglian Close, Watford, Hertfordshire WD24 4RG | - | - | 2 | Flat | |
£280K | 02/23 | 0.34 mi | Flat 8, Roedean House, Exeter Close, Watford, Hertfordshire WD24 4BN | - | - | 2 | Flat | |
£275K | 06/21 | 0.36 mi | Flat 5, Canterbury House, Anglian Close, Watford, Hertfordshire WD24 4RH | - | - | 2 | Flat | |
£300K | 10/20 | 0.36 mi | Flat 8, Lancing House, Hallam Close, Watford, Hertfordshire WD24 4RL | - | - | 2 | Flat | |
£435K | 04/21 | 0.37 mi | 35, St Johns Road, Watford, Hertfordshire WD17 1QB | £5,800 | 75 | 2 | Flat | |
£315K | 01/24 | 0.37 mi | 36, Water Lane, Watford, Hertfordshire WD17 2NH | - | - | 2 | Flat | |
£275K | 06/21 | 0.37 mi | Flat 13, Westminster House, Hallam Close, Watford, Hertfordshire WD24 4RJ | - | - | 2 | Flat | |
£285K | 10/21 | 0.38 mi | Flat 12, Cheltenham House, Exeter Close, Watford, Hertfordshire WD24 4BL | - | - | 2 | Flat | |
£270K | 11/22 | 0.39 mi | Flat 4, Wellington House, Exeter Close, Watford, Hertfordshire WD24 4BP | - | - | 2 | Flat | |
£350K | 01/23 | 0.47 mi | 3, Bushey Grove Road, Bushey, Hertfordshire WD23 2JY | £6,034 | 58 | 2 | Flat | |
£273K | 10/22 | 0.48 mi | 92, Norbury Avenue, Watford, Hertfordshire WD24 4PD | £5,460 | 50 | 2 | Flat | |
£290K | 06/21 | 0.5 mi | Flat 29, Lambert Court, Bushey Grove Road, Bushey, Hertfordshire WD23 2HF | - | - | 2 | Flat | |
£285K | 03/21 | 0.5 mi | Flat 28, Lambert Court, Bushey Grove Road, Bushey, Hertfordshire WD23 2HF | £4,191 | 68 | 2 | Flat | |
£260K | 02/21 | 0.5 mi | Flat 42, Lambert Court, Bushey Grove Road, Bushey, Hertfordshire WD23 2HF | - | - | 2 | Flat | |
£150K | 05/23 | 0.5 mi | Flat 30, Lambert Court, Bushey Grove Road, Bushey, Hertfordshire WD23 2HF | - | - | 2 | Flat | |
£285K | 07/23 | 0.51 mi | 150, Norbury Avenue, Watford, Hertfordshire WD24 4PE | £5,700 | 50 | 2 | Flat | |
£290K | 11/23 | 0.51 mi | 156, Norbury Avenue, Watford, Hertfordshire WD24 4PE | £5,577 | 52 | 2 | Flat | |
£280K | 11/23 | 0.51 mi | Flat 21, Kennett Court, Whippendell Road, Watford, Hertfordshire WD18 7LT | - | - | 2 | Flat | |
£408K | 02/23 | 0.51 mi | 4b, Essex Road, Watford, Hertfordshire WD17 4EP | £6,800 | 60 | 2 | Flat | |
£310K | 12/20 | 0.51 mi | 17a, Essex Road, Watford, Hertfordshire WD17 4EL | £5,167 | 60 | 2 | Flat | |
£355K | 11/21 | 0.53 mi | 103, Walton Road, Bushey, Hertfordshire WD23 2FE | - | - | 2 | Flat | |
£337.5K | 07/23 | 0.58 mi | 74c, Bushey Hall Road, Bushey, Hertfordshire WD23 2EQ | - | - | 2 | Flat | |
£200K | 02/24 | 0.61 mi | Malden Lodge, Flat 9, Alexandra Road, Watford, Hertfordshire WD17 4BS | £3,846 | 52 | 2 | Flat | |
£315.5K | 09/23 | 0.61 mi | 19, Farthing Close, Watford, Hertfordshire WD18 0BT | £4,709 | 67 | 2 | Flat | |
£268K | 04/23 | 0.61 mi | 36, Farthing Close, Watford, Hertfordshire WD18 0BT | £4,064 | 66 | 2 | Flat | |
£300K | 11/22 | 0.64 mi | 70b, St James Road, Watford, Hertfordshire WD18 0DX | £6,522 | 46 | 2 | Flat | |
£375K | 02/21 | 0.64 mi | 45, Mead Way, Bushey, Hertfordshire WD23 2DH | £5,000 | 75 | 2 | Flat | |
£310K | 11/20 | 0.65 mi | 1, Siskin Close, Bushey, Hertfordshire WD23 2HN | £5,682 | 55 | 2 | Flat | |
£377.5K | 12/22 | 0.66 mi | 34a, Hempstead Road, Watford, Hertfordshire WD17 4ER | - | - | 2 | Flat | |
£200K | 12/20 | 0.7 mi | 12, Church Road, Watford, Hertfordshire WD17 4PU | - | - | 2 | Flat | |
£200K | 12/20 | 0.7 mi | 12, Church Road, Watford, Hertfordshire WD17 4PU | - | - | 2 | Flat | |
£250K | 09/20 | 0.73 mi | Flat 2, Rose Court, Hamilton Street, Watford, Hertfordshire WD18 0GF | - | - | 2 | Flat | |
£324K | 03/23 | 0.8 mi | 7, Devon Road, Watford, Hertfordshire WD24 4HP | - | - | 2 | Flat | |
£420K | 06/21 | 0.82 mi | 6, Woodgate Mews, Watford, Hertfordshire WD17 4PG | £5,455 | 77 | 2 | Flat | |
£400K | 08/23 | 0.82 mi | 16, Woodgate Mews, Watford, Hertfordshire WD17 4PG | £5,195 | 77 | 2 | Flat | |
£410K | 02/23 | 0.83 mi | 11, Woodgate Mews, Watford, Hertfordshire WD17 4PG | £5,042 | 81 | 2 | Flat | |
£305K | 11/23 | 0.83 mi | 14, Christie Court, Watford, Hertfordshire WD18 0LA | £5,169 | 59 | 2 | Flat | |
£293K | 06/21 | 0.83 mi | 8, Christie Court, Watford, Hertfordshire WD18 0LA | £5,426 | 54 | 2 | Flat |
Local Rents
56 rents from £1.3K/mo to £3.5K/mo, average is £1.8K/mo.
Rent | Date | Distance | Address | Beds | Type | |
£1,300 | 01/25 | 0.05 mi | - | 2 | Flat | |
£1,600 | 03/25 | 0.06 mi | - | 2 | Terraced House | |
£2,450 | 11/24 | 0.07 mi | - | 2 | Flat | |
£2,450 | 01/25 | 0.07 mi | - | 2 | Flat | |
£2,200 | 03/25 | 0.07 mi | - | 2 | Flat | |
£1,595 | 01/25 | 0.1 mi | - | 2 | Terraced House | |
£1,750 | 02/24 | 0.11 mi | - | 2 | Terraced House | |
£1,750 | 02/24 | 0.11 mi | - | 2 | Terraced House | |
£3,200 | 11/24 | 0.11 mi | - | 2 | Flat | |
£3,500 | 11/24 | 0.11 mi | - | 2 | Flat | |
£2,700 | 12/24 | 0.11 mi | - | 2 | Flat | |
£2,700 | 12/24 | 0.11 mi | - | 2 | Flat | |
£1,750 | 10/24 | 0.13 mi | - | 2 | Flat | |
£1,950 | 10/24 | 0.13 mi | - | 2 | Flat | |
£1,950 | 03/25 | 0.13 mi | - | 2 | Flat | |
£1,950 | 02/25 | 0.13 mi | - | 2 | Flat | |
£1,800 | 10/24 | 0.13 mi | - | 2 | Terraced House | |
£1,800 | 10/24 | 0.13 mi | - | 2 | Terraced House | |
£1,650 | 03/25 | 0.15 mi | - | 2 | Flat | |
£1,750 | 10/24 | 0.17 mi | - | 2 | Flat | |
£1,800 | 03/25 | 0.18 mi | - | 2 | Flat | |
£1,750 | 03/25 | 0.21 mi | - | 2 | Flat | |
£1,800 | 10/24 | 0.22 mi | St Pauls Way, WD24 | 2 | Flat | |
£2,450 | 02/25 | 0.23 mi | - | 2 | Flat | |
£2,599 | 03/25 | 0.23 mi | - | 2 | Flat | |
£3,000 | 10/24 | 0.24 mi | - | 2 | Flat | |
£1,600 | 01/25 | 0.24 mi | - | 2 | Flat | |
£1,800 | 10/24 | 0.24 mi | - | 2 | Terraced House | |
£2,500 | 02/25 | 0.25 mi | - | 2 | Flat | |
£1,495 | 10/24 | 0.27 mi | Elizabeth House, Exeter Close, Watford, Hertfordshire, WD24 | 2 | Flat | |
£2,050 | 03/25 | 0.28 mi | - | 2 | Flat | |
£1,495 | 10/24 | 0.3 mi | Aston Close, Watford, Hertfordshire, WD24 | 2 | Flat | |
£2,800 | 01/25 | 0.3 mi | - | 2 | Flat | |
£2,800 | 01/25 | 0.3 mi | - | 2 | Flat | |
£3,000 | 03/25 | 0.3 mi | - | 2 | Flat | |
£1,450 | 10/24 | 0.31 mi | - | 2 | Flat | |
£1,700 | 01/25 | 0.34 mi | - | 2 | Flat | |
£1,800 | 12/24 | 0.34 mi | - | 2 | Flat | |
£1,800 | 12/24 | 0.34 mi | - | 2 | Flat | |
£1,800 | 11/24 | 0.34 mi | - | 2 | Flat | |
£2,250 | 12/24 | 0.34 mi | - | 2 | Flat | |
£1,850 | 02/25 | 0.34 mi | - | 2 | Flat | |
£1,695 | 10/24 | 0.34 mi | - | 2 | Flat | |
£1,695 | 10/24 | 0.34 mi | - | 2 | Flat | |
£1,699 | 03/25 | 0.34 mi | - | 2 | Flat | |
£2,600 | 11/24 | 0.34 mi | - | 2 | Flat | |
£2,650 | 01/25 | 0.34 mi | - | 2 | Flat | |
£2,550 | 03/25 | 0.34 mi | - | 2 | Flat | |
£1,450 | 10/24 | 0.34 mi | Anglian Close, Reeds, Watford, WD24 | 2 | Flat | |
£1,400 | 10/24 | 0.34 mi | Lancing House, Hallam Close, Watford, Hertfordshire, WD24 | 2 | Flat | |
£1,600 | 10/24 | 0.35 mi | Monica Close, Watford, WD24 | 2 | Flat | |
£1,500 | 10/24 | 0.37 mi | Market Street, Watford | 2 | Flat | |
£1,495 | 10/24 | 0.37 mi | Exeter Close, Watford, Hertfordshire, WD24 | 2 | Flat | |
£1,450 | 10/24 | 0.39 mi | Wellington House, Exeter Close, Watford, WD24 | 2 | Flat | |
£1,595 | 02/25 | 0.39 mi | - | 2 | Flat | |
£1,600 | 02/24 | 0.39 mi | - | 2 | Flat |
Local Area Statistics
Population in WD17 | 15,82515,825 |
Population in Watford | 117,094117,094 |
Town centre distance | 0.42 miles away0.42 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 0.40 miles away0.40 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +32%+32% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +10%+10% |
Property History
Listed for £250,000
February 28, 2025
Floor Plans

Description
-
Sale by Modern Auction (T&Cs apply) +
-
Subject to an undisclosed Reserve Price +
-
Buyers fees apply +
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CENTRAL WATFORD LOCATION +
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OPEN PLAN LIVING ACCOMMODATION +
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TWO WELL-PROPORTIONED BEDROOMS +
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ALLOCATED UNDERGROUND PARKING SPACE +
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EN-SUITE TO MASTER BEDROOM +
SUMMARY
* NO UPPER CHAIN CENTRAL WATFORD LOCATION ALLOCATED UNDERGROUND PARKING SPACE LIFTS TO ALL FLOORS IDEAL FOR FTB OR INVESTORS UPPER FLOOR APARTMENT OPEN PLAN LIVING ACCOMMODATION TWO WELL-PROPORTIONED BEDROOMS EN-SUITE TO MASTER **CLOSE TO SHOPS, AMENITIES & TRANSPORT LINKS *
DESCRIPTION
**NO UPPER CHAIN ** Connells are pleased to bring this well-presented upper floor apartment to the market that is situated on a popular residential road in Central Watford. The property comprises of an open plan reception room with a modern fitted kitchen, two well-proportioned bedrooms and a family bathroom suite. Benefits include an en-suite to the master bedroom, one allocated under-ground parking space, lift access to all floors as well as a long lease.
Ideal for first time buyers or investors, the property is conveniently located with access to several transport links including being walking distance to Watford Junction Station (8 minute walk) and Watford High Street Station (4 minute walk) with direct links into London Euston in approx. 18 minutes. There are a variety of well-regarded nurseries, primary schools and secondary schools within catchments, including Watford Girls Grammar School. The property is also within walking distance to Watford Town Centre which includes the Atria Shopping Centre and a wide selection of local shops, eateries, entertainment and recreational facilities.
For more information or to arrange a viewing, please contact Connells today.
Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.
The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Communal Entrance
Door to front, phone entry system, lifts and stairs to all floors.
Entrance Hall
Front door, storage cupboard, electric radiator, phone entry system.
Living Room / Kitchen 18' 8" x 11' 10" ( 5.69m x 3.61m )
Window to rear aspect, electric radiator, television point, telephone point.
Fitted kitchen comprised of wall and base units with work surfaces and tiling to complement, sink with drainer, electric oven and hob with extractor hood, integrated washing machine, dishwasher and fridge/freezer.
Bedroom One 14' 9" x 9' 2" ( 4.50m x 2.79m )
Window to rear aspect, electric radiator, door to en-suite.
En-Suite
Shower cubicle, WC, wash hand basin, hand towel rail.
Bedroom Two 9' 6" x 7' 3" ( 2.90m x 2.21m )
Window to front aspect, electric radiator.
Bathroom
Bath with mixer taps and overhead shower, WC, wash hand basin, hand towel rail.
Outside
Parking
One allocated underground parking space.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
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.
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