2 Bed Flat, Single Let, Watford, WD17 4AQ, £315,000

Lockhart Road, Watford, WD17 4AQ - 14 days ago

Leasehold
BTL
ROI: 2%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£200K - £435K
Sold Prices/m²£3.4K/m² - £7.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.6K/m²

Value Estimate

£347,655
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£78,750

Stamp Duty & Legal Fees

£20,200

Total Cash In

£98,950

 

 

Cash Out

 

Rent Range

£1,200 - £3,100

Rent Estimate

£1,469

Running Costs/mo

£1,298

Cashflow/mo

£171

Cashflow/yr

£2,050

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £200K to £435K, average is £291.3K. £3.4K/m² to £7.6K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£335K02/210.07 mi23, The Spinney, Watford, Hertfordshire WD17 4QF2
£355K09/210.07 mi31, The Spinney, Watford, Hertfordshire WD17 4QF2
£310K07/210.07 mi28, The Spinney, Watford, Hertfordshire WD17 4QF2
£297K10/200.07 mi2, The Spinney, Watford, Hertfordshire WD17 4QF2
£350K04/230.07 mi31, The Spinney, Watford, Hertfordshire WD17 4QF2
£410K02/230.18 mi11, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£325K11/200.19 mi14, Bellamy Close, Watford, Hertfordshire WD17 4YJ2
£420K06/210.19 mi6, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£400K08/230.19 mi16, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£200K12/200.22 mi12, Church Road, Watford, Hertfordshire WD17 4PU2
£200K12/200.22 mi12, Church Road, Watford, Hertfordshire WD17 4PU2
£365K04/210.24 miFlat 33, Roseberry Court, Grandfield Avenue, Watford, Hertfordshire WD17 4PQ2
£330K11/230.24 miFlat 7, Roseberry Court, Grandfield Avenue, Watford, Hertfordshire WD17 4PQ2
£340K11/220.34 miTop Flat, 77, Sussex Road, Watford, Hertfordshire WD24 5HR2
£200K02/240.39 miMalden Lodge, Flat 9, Alexandra Road, Watford, Hertfordshire WD17 4BS2
£310K12/200.49 mi17a, Essex Road, Watford, Hertfordshire WD17 4EL2
£408K02/230.5 mi4b, Essex Road, Watford, Hertfordshire WD17 4EP2
£377.5K12/220.5 mi34a, Hempstead Road, Watford, Hertfordshire WD17 4ER2
£272.5K03/230.5 mi15, Sandringham Road, Watford, Hertfordshire WD24 7AY2
£250K05/210.51 mi172, Cassiobury Drive, Watford, Hertfordshire WD17 3AJ2
£252.5K01/210.53 miFlat 19, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£280K04/230.53 miFlat 26, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£250K05/210.53 miFlat 21, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£275K05/230.53 miFlat 24, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£255K11/230.53 miFlat 25, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£258.5K02/230.54 miFlat 15, Branscombe House, Gisburne Way, Watford, Hertfordshire WD24 5HQ2
£237.5K06/230.55 mi326a, St Albans Road, Watford, Hertfordshire WD24 6PQ2
£290K06/210.57 mi9, Leaford Crescent, Watford, Hertfordshire WD24 5JQ2
£350K06/210.57 mi19, Bromet Close, Watford, Hertfordshire WD17 4LP2
£340K12/200.57 mi41, Bromet Close, Watford, Hertfordshire WD17 4LP2
£435K04/210.58 mi35, St Johns Road, Watford, Hertfordshire WD17 1QB2
£280K02/230.63 miFlat 8, Roedean House, Exeter Close, Watford, Hertfordshire WD24 4BN2
£300K10/200.63 miFlat 8, Lancing House, Hallam Close, Watford, Hertfordshire WD24 4RL2
£292.5K11/230.66 miFlat 9, Andrew Reed Court, Keele Close, Watford, Hertfordshire WD24 4RU2
£285K07/230.66 mi150, Norbury Avenue, Watford, Hertfordshire WD24 4PE2
£290K11/230.66 mi156, Norbury Avenue, Watford, Hertfordshire WD24 4PE2
£270K11/220.67 miFlat 4, Wellington House, Exeter Close, Watford, Hertfordshire WD24 4BP2
£274K02/210.67 mi396b, St Albans Road, Watford, Hertfordshire WD24 6PJ2
£275K06/210.67 miFlat 13, Westminster House, Hallam Close, Watford, Hertfordshire WD24 4RJ2
£325K05/210.69 miFlat 21, Elizabeth House, Exeter Close, Watford, Hertfordshire WD24 4RE2
£273K10/220.69 mi92, Norbury Avenue, Watford, Hertfordshire WD24 4PD2
£285K10/210.7 miFlat 12, Cheltenham House, Exeter Close, Watford, Hertfordshire WD24 4BL2
£270K10/220.71 miFlat 17, Badminton House, Anglian Close, Watford, Hertfordshire WD24 4RG2
£275K06/210.72 miFlat 5, Canterbury House, Anglian Close, Watford, Hertfordshire WD24 4RH2
£309K09/210.73 mi2, Beechwood Rise, Watford, Hertfordshire WD24 6SF2
£324K03/230.73 mi7, Devon Road, Watford, Hertfordshire WD24 4HP2
£273K10/220.74 mi92b, Southwold Road, Watford, Hertfordshire WD24 7FH2
£257.5K02/240.74 miAlexandra Court, Flat 22, Aston Close, Watford, Hertfordshire WD24 4RS2
£309K01/210.74 miFlat 19, Alexandra Court, Aston Close, Watford, Hertfordshire WD24 4RS2
£333.5K02/210.74 miFlat 44, Alexandra Court, Keele Close, Watford, Hertfordshire WD24 4RT2

Local Rents

53 rents from £1.2K/mo to £3.1K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,65002/240.03 mi-2
£1,20003/240.03 miWillow Grange, Watford, Hertfordshire2
£1,77501/250.04 mi-2
£1,65011/240.06 mi-2
£1,65011/240.06 mi-2
£1,80010/240.08 mi-2
£1,60010/240.09 mi-2
£2,20610/240.13 mi-2
£2,08603/250.13 mi-2
£1,70001/250.14 mi-2
£1,59912/240.15 mi-2
£1,65010/240.15 mi-2
£1,65003/250.15 mi-2
£1,50001/240.15 mi-2
£1,55010/240.16 miParker Street, Watford2
£2,95012/240.17 mi-2
£3,05003/250.17 mi-2
£1,50010/240.17 mi-2
£1,80010/240.17 mi-2
£1,59503/250.17 mi-2
£1,65012/240.18 mi-2
£1,70002/250.19 mi-2
£1,70001/250.19 miParker Street, Watford, WD242
£1,60002/240.19 mi-2
£1,55001/250.2 mi-2
£2,70010/240.2 mi-2
£2,95012/240.2 mi-2
£2,95012/240.2 mi-2
£2,55001/250.2 mi-2
£2,55003/250.2 mi-2
£2,75003/250.21 mi-2
£2,75003/250.21 mi-2
£1,70011/240.25 mi-2
£1,70011/240.25 mi-2
£1,80003/250.27 mi-2
£1,95011/240.27 mi-2
£1,30003/250.29 mi-2
£1,89503/250.29 mi-2
£1,80012/240.3 mi-2
£1,85010/240.3 miConway Court, Marri Street, Watford2
£1,75010/240.3 miConway Court, Watford2
£1,89510/240.31 mi-2
£1,50001/250.32 mi-2
£1,60010/240.33 mi-2
£1,60012/240.33 mi-2
£1,50002/250.33 mi-2
£1,70002/250.37 mi-2
£1,80003/250.37 mi-2
£2,00010/240.39 mi-2
£1,45010/240.41 miSt. Albans Road, Watford, Hertfordshire, WD242
£3,10001/240.41 mi-2
£2,90002/250.41 mi-2
£2,90003/250.41 mi-2

Local Area Statistics

Population in WD17

15,825

Population in Watford

117,094

Town centre distance

0.52 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £315,000

March 17, 2025

Floor Plans

Description

  • 2-Bedroom Flat +

  • Ground Floor +

  • Nascot Wood Location +

  • Secure Gated Development +

  • Master Bedroom with an En-suite +

  • 0.6 Miles to Watford Junction +

  • Modern Kitchen +

  • Easy Access to M1, M25 & A41 +

SUMMARY
This elegant two-bedroom ground-floor flat in a secure gated development on Lockhart Road, Nascot Wood, features a bright open-plan lounge/kitchen, master en suite, second bedroom, family bathroom, and is just 0.6 miles from Watford Junction with easy access to the M1, M25, and A41.

DESCRIPTION
Nestled in the highly sought-after Nascot Wood area, this elegant two-bedroom ground-floor flat on Lockhart Road offers an ideal blend of comfort, style, and convenience. Set within a secure, gated development, the property boasts a spacious entrance hall leading to a bright and airy open-plan lounge/kitchen, perfect for both relaxing and entertaining. The modern kitchen is thoughtfully designed with sleek finishes and ample storage space, while the generously sized lounge area offers a tranquil space to unwind.

The master bedroom is a peaceful retreat, featuring its own en suite bathroom for added privacy and comfort. A second well-proportioned bedroom provides versatile space, ideal for guests, a home office, or a children's room. The family bathroom is tastefully designed with contemporary fixtures and fittings.

With the added security and peace of mind of living in a gated development, this home offers both practicality and elegance. Ideally situated just 0.6 miles from Watford Junction, it provides excellent transport links with easy access to the M1, M25, and A41, making commuting a breeze. This beautifully appointed flat is the perfect choice for those seeking a modern, convenient lifestyle in one of Watford's most desirable locations.

Entrance 

Lounge 15' 6" x 15' 3" ( 4.72m x 4.65m )

Kitchen 11' x 6' ( 3.35m x 1.83m )

Bedroom 1 13' x 10' 2" ( 3.96m x 3.10m )

En Suite 8' 7" x 3' 11" ( 2.62m x 1.19m )

Bedroom 2 10' 10" x 10' 2" ( 3.30m x 3.10m )

Bathroom 6' 10" x 5' 7" ( 2.08m x 1.70m )

Agent's Note 
We have been unable to verify and are limited to the material information that relates to this property. If there is any point which is of particular importance to you, please contact the branch and we will endeavour to check for you, especially if you are contemplating travelling some distance to view the property.

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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Brown & Merry, Watford

01923 961759

Next Steps?

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