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

Queens Road, Watford, WD17 2QW - 1 views - 22 days ago

Leasehold
Auction
BTL
ROI: 6%
~68 m²
+3 photos

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
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Total Cash In

£76,200

 

 

Cash Out

 

Rent Range

£1,300 - £3,500

Rent Estimate

£1,444

Running Costs/mo

£1,090

Cashflow/mo

£354

Cashflow/yr

£4,247

ROI

6%

Gross Yield

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.

PriceDateDistanceAddressBeds 
£259K01/210.03 mi6a, Queens Place, Watford, Hertfordshire WD17 2RD2
£239K06/210.03 mi5, Queens Place, Watford, Hertfordshire WD17 2RD2
£272K06/210.1 mi84b, Gladstone Road, Watford, Hertfordshire WD17 2RB2
£315K06/230.1 mi58, Gladstone Road, Watford, Hertfordshire WD17 2RB2
£280K11/210.11 mi6b, Grosvenor Road, Watford, Hertfordshire WD17 2QT2
£257.5K02/240.31 miAlexandra Court, Flat 22, Aston Close, Watford, Hertfordshire WD24 4RS2
£337.5K09/200.31 miFlat 42, Alexandra Court, Keele Close, Watford, Hertfordshire WD24 4RT2
£309K01/210.31 miFlat 19, Alexandra Court, Aston Close, Watford, Hertfordshire WD24 4RS2
£333.5K02/210.31 miFlat 44, Alexandra Court, Keele Close, Watford, Hertfordshire WD24 4RT2
£337.5K09/200.31 miFlat 42, Alexandra Court, Keele Close, Watford, Hertfordshire WD24 4RT2
£325K05/210.34 miFlat 21, Elizabeth House, Exeter Close, Watford, Hertfordshire WD24 4RE2
£292.5K11/230.34 miFlat 9, Andrew Reed Court, Keele Close, Watford, Hertfordshire WD24 4RU2
£270K10/220.34 miFlat 17, Badminton House, Anglian Close, Watford, Hertfordshire WD24 4RG2
£280K02/230.34 miFlat 8, Roedean House, Exeter Close, Watford, Hertfordshire WD24 4BN2
£275K06/210.36 miFlat 5, Canterbury House, Anglian Close, Watford, Hertfordshire WD24 4RH2
£300K10/200.36 miFlat 8, Lancing House, Hallam Close, Watford, Hertfordshire WD24 4RL2
£435K04/210.37 mi35, St Johns Road, Watford, Hertfordshire WD17 1QB2
£315K01/240.37 mi36, Water Lane, Watford, Hertfordshire WD17 2NH2
£275K06/210.37 miFlat 13, Westminster House, Hallam Close, Watford, Hertfordshire WD24 4RJ2
£285K10/210.38 miFlat 12, Cheltenham House, Exeter Close, Watford, Hertfordshire WD24 4BL2
£270K11/220.39 miFlat 4, Wellington House, Exeter Close, Watford, Hertfordshire WD24 4BP2
£350K01/230.47 mi3, Bushey Grove Road, Bushey, Hertfordshire WD23 2JY2
£273K10/220.48 mi92, Norbury Avenue, Watford, Hertfordshire WD24 4PD2
£290K06/210.5 miFlat 29, Lambert Court, Bushey Grove Road, Bushey, Hertfordshire WD23 2HF2
£285K03/210.5 miFlat 28, Lambert Court, Bushey Grove Road, Bushey, Hertfordshire WD23 2HF2
£260K02/210.5 miFlat 42, Lambert Court, Bushey Grove Road, Bushey, Hertfordshire WD23 2HF2
£150K05/230.5 miFlat 30, Lambert Court, Bushey Grove Road, Bushey, Hertfordshire WD23 2HF2
£285K07/230.51 mi150, Norbury Avenue, Watford, Hertfordshire WD24 4PE2
£290K11/230.51 mi156, Norbury Avenue, Watford, Hertfordshire WD24 4PE2
£280K11/230.51 miFlat 21, Kennett Court, Whippendell Road, Watford, Hertfordshire WD18 7LT2
£408K02/230.51 mi4b, Essex Road, Watford, Hertfordshire WD17 4EP2
£310K12/200.51 mi17a, Essex Road, Watford, Hertfordshire WD17 4EL2
£355K11/210.53 mi103, Walton Road, Bushey, Hertfordshire WD23 2FE2
£337.5K07/230.58 mi74c, Bushey Hall Road, Bushey, Hertfordshire WD23 2EQ2
£200K02/240.61 miMalden Lodge, Flat 9, Alexandra Road, Watford, Hertfordshire WD17 4BS2
£315.5K09/230.61 mi19, Farthing Close, Watford, Hertfordshire WD18 0BT2
£268K04/230.61 mi36, Farthing Close, Watford, Hertfordshire WD18 0BT2
£300K11/220.64 mi70b, St James Road, Watford, Hertfordshire WD18 0DX2
£375K02/210.64 mi45, Mead Way, Bushey, Hertfordshire WD23 2DH2
£310K11/200.65 mi1, Siskin Close, Bushey, Hertfordshire WD23 2HN2
£377.5K12/220.66 mi34a, Hempstead Road, Watford, Hertfordshire WD17 4ER2
£200K12/200.7 mi12, Church Road, Watford, Hertfordshire WD17 4PU2
£200K12/200.7 mi12, Church Road, Watford, Hertfordshire WD17 4PU2
£250K09/200.73 miFlat 2, Rose Court, Hamilton Street, Watford, Hertfordshire WD18 0GF2
£324K03/230.8 mi7, Devon Road, Watford, Hertfordshire WD24 4HP2
£420K06/210.82 mi6, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£400K08/230.82 mi16, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£410K02/230.83 mi11, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£305K11/230.83 mi14, Christie Court, Watford, Hertfordshire WD18 0LA2
£293K06/210.83 mi8, Christie Court, Watford, Hertfordshire WD18 0LA2

Local Rents

56 rents from £1.3K/mo to £3.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,30001/250.05 mi-2
£1,60003/250.06 mi-2
£2,45011/240.07 mi-2
£2,45001/250.07 mi-2
£2,20003/250.07 mi-2
£1,59501/250.1 mi-2
£1,75002/240.11 mi-2
£1,75002/240.11 mi-2
£3,20011/240.11 mi-2
£3,50011/240.11 mi-2
£2,70012/240.11 mi-2
£2,70012/240.11 mi-2
£1,75010/240.13 mi-2
£1,95010/240.13 mi-2
£1,95003/250.13 mi-2
£1,95002/250.13 mi-2
£1,80010/240.13 mi-2
£1,80010/240.13 mi-2
£1,65003/250.15 mi-2
£1,75010/240.17 mi-2
£1,80003/250.18 mi-2
£1,75003/250.21 mi-2
£1,80010/240.22 miSt Pauls Way, WD242
£2,45002/250.23 mi-2
£2,59903/250.23 mi-2
£3,00010/240.24 mi-2
£1,60001/250.24 mi-2
£1,80010/240.24 mi-2
£2,50002/250.25 mi-2
£1,49510/240.27 miElizabeth House, Exeter Close, Watford, Hertfordshire, WD242
£2,05003/250.28 mi-2
£1,49510/240.3 miAston Close, Watford, Hertfordshire, WD242
£2,80001/250.3 mi-2
£2,80001/250.3 mi-2
£3,00003/250.3 mi-2
£1,45010/240.31 mi-2
£1,70001/250.34 mi-2
£1,80012/240.34 mi-2
£1,80012/240.34 mi-2
£1,80011/240.34 mi-2
£2,25012/240.34 mi-2
£1,85002/250.34 mi-2
£1,69510/240.34 mi-2
£1,69510/240.34 mi-2
£1,69903/250.34 mi-2
£2,60011/240.34 mi-2
£2,65001/250.34 mi-2
£2,55003/250.34 mi-2
£1,45010/240.34 miAnglian Close, Reeds, Watford, WD242
£1,40010/240.34 miLancing House, Hallam Close, Watford, Hertfordshire, WD242
£1,60010/240.35 miMonica Close, Watford, WD242
£1,50010/240.37 miMarket Street, Watford2
£1,49510/240.37 miExeter Close, Watford, Hertfordshire, WD242
£1,45010/240.39 miWellington House, Exeter Close, Watford, WD242
£1,59502/250.39 mi-2
£1,60002/240.39 mi-2

Local Area Statistics

Population in WD17

15,825

Population in Watford

117,094

Town centre distance

0.42 miles away

Nearest school

0.20 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+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 +

  • CENTRAL WATFORD LOCATION +

  • OPEN PLAN LIVING ACCOMMODATION +

  • TWO WELL-PROPORTIONED BEDROOMS +

  • ALLOCATED UNDERGROUND PARKING SPACE +

  • 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.

Agent Details

Connells, Watford

01923 961934

Next Steps?

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