2 Bed Flat, Single Let, Watford, WD24 4PE, £320,000

Norbury Avenue, Watford, WD24 4PE - 20 days ago

Leasehold
BTL
ROI: 1%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£200K - £435K
Sold Prices/m²£3.5K/m² - £7.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.7K/m²

Value Estimate

£340,555
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£80,000

Stamp Duty & Legal Fees

£20,700

Total Cash In

£100,700

 

 

Cash Out

 

Rent Range

£1,250 - £3,100

Rent Estimate

£1,400

Running Costs/mo

£1,300

Cashflow/mo

£100

Cashflow/yr

£1,200

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £200K to £435K, average is £309.5K. £3.5K/m² to £7.6K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£285K07/230 mi150, Norbury Avenue, Watford, Hertfordshire WD24 4PE2
£290K11/230 mi156, Norbury Avenue, Watford, Hertfordshire WD24 4PE2
£273K10/220.04 mi92, Norbury Avenue, Watford, Hertfordshire WD24 4PD2
£285K10/210.13 miFlat 12, Cheltenham House, Exeter Close, Watford, Hertfordshire WD24 4BL2
£270K11/220.13 miFlat 4, Wellington House, Exeter Close, Watford, Hertfordshire WD24 4BP2
£275K06/210.14 miFlat 13, Westminster House, Hallam Close, Watford, Hertfordshire WD24 4RJ2
£275K06/210.15 miFlat 5, Canterbury House, Anglian Close, Watford, Hertfordshire WD24 4RH2
£270K10/220.17 miFlat 17, Badminton House, Anglian Close, Watford, Hertfordshire WD24 4RG2
£300K10/200.17 miFlat 8, Lancing House, Hallam Close, Watford, Hertfordshire WD24 4RL2
£325K05/210.18 miFlat 21, Elizabeth House, Exeter Close, Watford, Hertfordshire WD24 4RE2
£292.5K11/230.19 miFlat 9, Andrew Reed Court, Keele Close, Watford, Hertfordshire WD24 4RU2
£257.5K02/240.2 miAlexandra Court, Flat 22, Aston Close, Watford, Hertfordshire WD24 4RS2
£309K01/210.2 miFlat 19, Alexandra Court, Aston Close, Watford, Hertfordshire WD24 4RS2
£333.5K02/210.2 miFlat 44, Alexandra Court, Keele Close, Watford, Hertfordshire WD24 4RT2
£280K02/230.21 miFlat 8, Roedean House, Exeter Close, Watford, Hertfordshire WD24 4BN2
£324K03/230.3 mi7, Devon Road, Watford, Hertfordshire WD24 4HP2
£200K12/200.45 mi12, Church Road, Watford, Hertfordshire WD17 4PU2
£200K12/200.45 mi12, Church Road, Watford, Hertfordshire WD17 4PU2
£435K04/210.5 mi35, St Johns Road, Watford, Hertfordshire WD17 1QB2
£375K02/210.51 mi45, Mead Way, Bushey, Hertfordshire WD23 2DH2
£259K01/210.52 mi6a, Queens Place, Watford, Hertfordshire WD17 2RD2
£239K06/210.52 mi5, Queens Place, Watford, Hertfordshire WD17 2RD2
£272.5K03/230.52 mi15, Sandringham Road, Watford, Hertfordshire WD24 7AY2
£310K12/200.59 mi17a, Essex Road, Watford, Hertfordshire WD17 4EL2
£408K02/230.59 mi4b, Essex Road, Watford, Hertfordshire WD17 4EP2
£200K02/240.6 miMalden Lodge, Flat 9, Alexandra Road, Watford, Hertfordshire WD17 4BS2
£272K06/210.61 mi84b, Gladstone Road, Watford, Hertfordshire WD17 2RB2
£315K06/230.61 mi58, Gladstone Road, Watford, Hertfordshire WD17 2RB2
£280K11/210.62 mi6b, Grosvenor Road, Watford, Hertfordshire WD17 2QT2
£237.5K06/230.65 mi326a, St Albans Road, Watford, Hertfordshire WD24 6PQ2
£335K02/210.68 mi23, The Spinney, Watford, Hertfordshire WD17 4QF2
£355K09/210.68 mi31, The Spinney, Watford, Hertfordshire WD17 4QF2
£310K07/210.68 mi28, The Spinney, Watford, Hertfordshire WD17 4QF2
£297K10/200.68 mi2, The Spinney, Watford, Hertfordshire WD17 4QF2
£350K04/230.68 mi31, The Spinney, Watford, Hertfordshire WD17 4QF2
£420K06/210.69 mi6, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£400K08/230.69 mi16, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£273K10/220.69 mi92b, Southwold Road, Watford, Hertfordshire WD24 7FH2
£410K02/230.69 mi11, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£377.5K12/220.75 mi34a, Hempstead Road, Watford, Hertfordshire WD17 4ER2
£274K02/210.81 mi396b, St Albans Road, Watford, Hertfordshire WD24 6PJ2
£335K01/230.81 miFlat 7, Otter Place, Park Avenue, Bushey, Hertfordshire WD23 2DR2
£355K11/210.82 mi103, Walton Road, Bushey, Hertfordshire WD23 2FE2
£325K11/200.84 mi14, Bellamy Close, Watford, Hertfordshire WD17 4YJ2
£350K01/230.85 mi3, Bushey Grove Road, Bushey, Hertfordshire WD23 2JY2
£365K04/210.86 miFlat 33, Roseberry Court, Grandfield Avenue, Watford, Hertfordshire WD17 4PQ2
£330K11/230.86 miFlat 7, Roseberry Court, Grandfield Avenue, Watford, Hertfordshire WD17 4PQ2
£315K01/240.86 mi36, Water Lane, Watford, Hertfordshire WD17 2NH2
£340K11/220.87 miTop Flat, 77, Sussex Road, Watford, Hertfordshire WD24 5HR2
£337.5K07/230.89 mi74c, Bushey Hall Road, Bushey, Hertfordshire WD23 2EQ2

Local Rents

55 rents from £1.3K/mo to £3.1K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,72503/250.03 mi-2
£1,60002/240.13 mi-2
£1,25012/240.13 mi-2
£1,60010/240.13 mi-2
£1,45010/240.13 miWellington House, Exeter Close, Watford, WD242
£1,49510/240.14 miExeter Close, Watford, Hertfordshire, WD242
£1,45010/240.17 miAnglian Close, Reeds, Watford, WD242
£1,80012/240.17 mi-2
£1,80012/240.17 mi-2
£1,80011/240.17 mi-2
£2,25012/240.17 mi-2
£1,85002/250.17 mi-2
£1,60010/240.18 miMonica Close, Watford, WD242
£1,69510/240.19 mi-2
£1,69510/240.19 mi-2
£1,45010/240.2 mi-2
£1,40010/240.21 miLancing House, Hallam Close, Watford, Hertfordshire, WD242
£1,49510/240.22 miAston Close, Watford, Hertfordshire, WD242
£1,49510/240.24 miElizabeth House, Exeter Close, Watford, Hertfordshire, WD242
£1,72510/240.24 miRadlett Road, Watford2
£1,80010/240.28 mi-2
£1,80010/240.3 miSt Pauls Way, WD242
£2,59903/250.31 mi-2
£1,90010/240.34 miSalisbury Road, Watford, WD242
£1,90010/240.34 mi-2
£3,10001/240.34 mi-2
£2,90002/250.34 mi-2
£2,90003/250.34 mi-2
£2,00010/240.34 mi-2
£1,75003/250.34 mi-2
£1,80003/250.36 mi-2
£1,80012/240.36 mi-2
£1,50002/250.37 mi-2
£1,75010/240.37 mi-2
£1,75010/240.37 miConway Court, Watford2
£1,85010/240.37 miConway Court, Marri Street, Watford2
£1,70003/250.4 mi-2
£2,70012/240.42 mi-2
£2,70012/240.42 mi-2
£1,95011/240.44 mi-2
£1,45010/240.44 miSt. Albans Road, Watford, Hertfordshire, WD242
£1,70011/240.44 mi-2
£1,70011/240.44 mi-2
£1,30001/250.46 mi-2
£2,60011/240.47 mi-2
£2,65001/250.47 mi-2
£2,55003/250.47 mi-2
£1,59501/250.48 mi-2
£2,70010/240.48 mi-2
£2,95012/240.48 mi-2
£2,95012/240.48 mi-2
£2,55001/250.48 mi-2
£2,55003/250.48 mi-2
£1,55001/250.48 mi-2
£1,40002/240.49 mi-2

Local Area Statistics

Population in WD24

21,827

Population in Watford

117,094

Town centre distance

0.49 miles away

Nearest school

0.40 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £320,000

March 13, 2025

Floor Plans

Description

  • Large bright 2 bed modern apartment +
  • Private patio and communal gardens +
  • On the popular Reeds development +
  • Walking distance to Watford Junction train station +
  • Perfect for commuters +
  • Quiet gated neighbourhood +
  • Close to local town centre +

This spacious and modern two-bedroom apartment is ideally located on the ground floor, of the highly desirable Reeds development, just a 10-minute walk from Watford Junction?perfect for commuters!.

Norbury Avenue in Watford is a quiet gated residential street, in the popular Reeds development. It's well-connected to local amenities, schools, parks, and transportation, making it a desirable area for families.

Please use the reference CHPK6119553 when contacting Foxtons.

Agent Details

Foxtons, Watford

01923 961853

Next Steps?

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