2 Bed Flat, Single Let, Watford, WD24 4PD, £300,000

Norbury Avenue, Watford, WD24 4PD - a month ago

Leasehold
BTL
ROI: 3%
~68 m²
+12 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£340,555
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Total Cash In

£93,700

 

 

Cash Out

 

Rent Range

£1,250 - £3,100

Rent Estimate

£1,450

Running Costs/mo

£1,248

Cashflow/mo

£203

Cashflow/yr

£2,430

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £200K to £435K, average is £298.5K. £3.5K/m² to £7.6K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£273K10/220.01 mi92, Norbury Avenue, Watford, Hertfordshire WD24 4PD2
£285K07/230.03 mi150, Norbury Avenue, Watford, Hertfordshire WD24 4PE2
£290K11/230.03 mi156, Norbury Avenue, Watford, Hertfordshire WD24 4PE2
£285K10/210.11 miFlat 12, Cheltenham House, Exeter Close, Watford, Hertfordshire WD24 4BL2
£270K11/220.12 miFlat 4, Wellington House, Exeter Close, Watford, Hertfordshire WD24 4BP2
£275K06/210.13 miFlat 13, Westminster House, Hallam Close, Watford, Hertfordshire WD24 4RJ2
£275K06/210.13 miFlat 5, Canterbury House, Anglian Close, Watford, Hertfordshire WD24 4RH2
£270K10/220.15 miFlat 17, Badminton House, Anglian Close, Watford, Hertfordshire WD24 4RG2
£325K05/210.16 miFlat 21, Elizabeth House, Exeter Close, Watford, Hertfordshire WD24 4RE2
£300K10/200.17 miFlat 8, Lancing House, Hallam Close, Watford, Hertfordshire WD24 4RL2
£257.5K02/240.18 miAlexandra Court, Flat 22, Aston Close, Watford, Hertfordshire WD24 4RS2
£337.5K09/200.18 miFlat 42, Alexandra Court, Keele Close, Watford, Hertfordshire WD24 4RT2
£309K01/210.18 miFlat 19, Alexandra Court, Aston Close, Watford, Hertfordshire WD24 4RS2
£333.5K02/210.18 miFlat 44, Alexandra Court, Keele Close, Watford, Hertfordshire WD24 4RT2
£337.5K09/200.18 miFlat 42, Alexandra Court, Keele Close, Watford, Hertfordshire WD24 4RT2
£292.5K11/230.18 miFlat 9, Andrew Reed Court, Keele Close, Watford, Hertfordshire WD24 4RU2
£280K02/230.21 miFlat 8, Roedean House, Exeter Close, Watford, Hertfordshire WD24 4BN2
£324K03/230.31 mi7, Devon Road, Watford, Hertfordshire WD24 4HP2
£200K12/200.48 mi12, Church Road, Watford, Hertfordshire WD17 4PU2
£200K12/200.48 mi12, Church Road, Watford, Hertfordshire WD17 4PU2
£375K02/210.48 mi45, Mead Way, Bushey, Hertfordshire WD23 2DH2
£259K01/210.5 mi6a, Queens Place, Watford, Hertfordshire WD17 2RD2
£239K06/210.5 mi5, Queens Place, Watford, Hertfordshire WD17 2RD2
£435K04/210.5 mi35, St Johns Road, Watford, Hertfordshire WD17 1QB2
£272.5K03/230.55 mi15, Sandringham Road, Watford, Hertfordshire WD24 7AY2
£272K06/210.59 mi84b, Gladstone Road, Watford, Hertfordshire WD17 2RB2
£315K06/230.59 mi58, Gladstone Road, Watford, Hertfordshire WD17 2RB2
£310K12/200.6 mi17a, Essex Road, Watford, Hertfordshire WD17 4EL2
£280K11/210.6 mi6b, Grosvenor Road, Watford, Hertfordshire WD17 2QT2
£408K02/230.6 mi4b, Essex Road, Watford, Hertfordshire WD17 4EP2
£200K02/240.62 miMalden Lodge, Flat 9, Alexandra Road, Watford, Hertfordshire WD17 4BS2
£237.5K06/230.68 mi326a, St Albans Road, Watford, Hertfordshire WD24 6PQ2
£335K02/210.7 mi23, The Spinney, Watford, Hertfordshire WD17 4QF2
£355K09/210.7 mi31, The Spinney, Watford, Hertfordshire WD17 4QF2
£310K07/210.7 mi28, The Spinney, Watford, Hertfordshire WD17 4QF2
£297K10/200.7 mi2, The Spinney, Watford, Hertfordshire WD17 4QF2
£350K04/230.7 mi31, The Spinney, Watford, Hertfordshire WD17 4QF2
£420K06/210.71 mi6, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£400K08/230.71 mi16, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£273K10/220.72 mi92b, Southwold Road, Watford, Hertfordshire WD24 7FH2
£410K02/230.72 mi11, Woodgate Mews, Watford, Hertfordshire WD17 4PG2
£377.5K12/220.76 mi34a, Hempstead Road, Watford, Hertfordshire WD17 4ER2
£335K01/230.79 miFlat 7, Otter Place, Park Avenue, Bushey, Hertfordshire WD23 2DR2
£355K11/210.79 mi103, Walton Road, Bushey, Hertfordshire WD23 2FE2
£350K01/230.82 mi3, Bushey Grove Road, Bushey, Hertfordshire WD23 2JY2
£274K02/210.84 mi396b, St Albans Road, Watford, Hertfordshire WD24 6PJ2
£315K01/240.84 mi36, Water Lane, Watford, Hertfordshire WD17 2NH2
£337.5K07/230.86 mi74c, Bushey Hall Road, Bushey, Hertfordshire WD23 2EQ2
£285K03/210.87 miFlat 28, Lambert Court, Bushey Grove Road, Bushey, Hertfordshire WD23 2HF2
£260K02/210.87 miFlat 42, Lambert Court, Bushey Grove Road, Bushey, Hertfordshire WD23 2HF2

Local Rents

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

RentDateDistanceAddressBeds 
£1,72503/250.01 mi-2
£1,60002/240.12 mi-2
£1,25012/240.12 mi-2
£1,60010/240.12 mi-2
£1,45010/240.12 miWellington House, Exeter Close, Watford, WD242
£1,49510/240.13 miExeter Close, Watford, Hertfordshire, WD242
£1,45010/240.15 miAnglian Close, Reeds, Watford, WD242
£1,60010/240.15 miMonica Close, Watford, WD242
£1,80012/240.16 mi-2
£1,80012/240.16 mi-2
£1,80011/240.16 mi-2
£2,25012/240.16 mi-2
£1,85002/250.16 mi-2
£1,45010/240.18 mi-2
£1,69510/240.18 mi-2
£1,69510/240.18 mi-2
£1,49510/240.19 miAston Close, Watford, Hertfordshire, WD242
£1,40010/240.21 miLancing House, Hallam Close, Watford, Hertfordshire, WD242
£1,49510/240.23 miElizabeth House, Exeter Close, Watford, Hertfordshire, WD242
£1,72510/240.24 miRadlett Road, Watford2
£1,80010/240.26 mi-2
£1,80010/240.27 miSt Pauls Way, WD242
£2,59903/250.3 mi-2
£1,75003/250.33 mi-2
£1,80003/250.34 mi-2
£1,75010/240.35 mi-2
£1,90010/240.37 miSalisbury Road, Watford, WD242
£1,90010/240.37 mi-2
£3,10001/240.37 mi-2
£2,90002/250.37 mi-2
£2,00010/240.38 mi-2
£1,80012/240.39 mi-2
£1,50002/250.4 mi-2
£1,75010/240.4 miConway Court, Watford2
£1,85010/240.4 miConway Court, Marri Street, Watford2
£2,70012/240.41 mi-2
£2,70012/240.41 mi-2
£1,30001/250.44 mi-2
£1,95011/240.46 mi-2
£1,59501/250.46 mi-2
£1,45010/240.47 miSt. Albans Road, Watford, Hertfordshire, WD242
£2,60011/240.47 mi-2
£2,65001/250.47 mi-2
£2,55003/250.47 mi-2
£1,70011/240.47 mi-2
£1,70011/240.47 mi-2
£2,70010/240.51 mi-2
£2,95012/240.51 mi-2
£2,95012/240.51 mi-2
£2,55001/250.51 mi-2
£2,55003/250.51 mi-2
£1,75002/240.51 mi-2
£1,75002/240.51 mi-2
£1,40002/240.51 mi-2
£1,40002/240.51 mi-2
£1,55001/250.52 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

0.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £300,000

February 12, 2025

Floor Plans

Description

  • 2 Bedroom Second Floor Flat +

  • Allocated Parking +

  • Fitted Wardrobes In Both Bedrooms +

  • 0.6 Miles to Watford Junction +

  • Spacious Lounge +

  • Charming Interior +

  • 0.8 Miles to Watford High Street +

  • Easy Access to Major Road Links such as the M1, M25 & A41 +

SUMMARY
This delightful two-bedroom second-floor flat on Norbury Avenue features a spacious lounge, a tasteful kitchen, two bedrooms with fitted wardrobes, allocated parking, and is ideally located just 0.6 miles from Watford Junction and 0.8 miles from Watford High Street. Call us today to view!

DESCRIPTION
This charming two-bedroom flat is situated on the second floor of a well-maintained building on Norbury Avenue. Upon entering, you are greeted by a welcoming hallway with a convenient storage cupboard. The bright and airy lounge offers a comfortable space for relaxation and leads through to the well-appointed kitchen. The bathroom is neatly presented, and the first bedroom is spacious, featuring a fitted wardrobe for ample storage. The second bedroom also benefits from a built-in wardrobe.

The flat includes allocated parking and is located in a highly desirable area. Just 0.6 miles from Watford Junction and 0.8 miles from Watford High Street, you'll find a wide variety of shops, restaurants, and local amenities nearby. With easy access to major road links such as the M1, M25, and A41, this property offers the perfect balance of comfort and convenience.

Entrance 

Lounge 16' x 12' 10" ( 4.88m x 3.91m )

Kitchen 9' x 7' 2" ( 2.74m x 2.18m )

Bedroom 1 14' 2" x 10' ( 4.32m x 3.05m )
Fitted Wardrobe

Bedroom 2 9' 8" x 8' 8" ( 2.95m x 2.64m )
Fitted Wardrobe

Bathroom 7' x 6' ( 2.13m x 1.83m )

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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