As updated by Imagine in Mar 2020, 11 The Lodge, Watford is a modern 99 year lease apartment with 667 ft2 of internal area comprising 2 bedrooms .
There are 99 years remaining on the lease.
The apartment is in The Lodge, Orphanage Road, Watford, WD24.
Orphanage Road, Watford, WD24 is located in the borough of Watford within the WD24 postal district.
Based on both the data supplied by Imagine and the public information available in the area, we estimate the current sale value for 11 The Lodge Watford as £285,170 and the rental value as £1,369 per month giving an expected gross yield of 5.8%.
Imagine described the decorative condition as fair in Mar 2020.
Over the last 12 months the sale value of 11 The Lodge Watford has increased by £1,814 (0.6%) and its rental value has increased by £93 per month (6.8%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 11 The Lodge, Watford is in very good condition we estimate a sale value of £299,428 and rental value of £1,437 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £265,208 and a rental value of £1,273 per month.
If you were able to purchase this property for the estimated value of £285,170, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,402 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 11 The Lodge, Watford was last sold on 12 Aug 2021 for £265,000 and was recorded as a leasehold flat.
The property has had 6 sales since 1995.
Since Aug 2021, the market for similar properties has dropped 0.0%
According to Imagine , 11 The Lodge, Watford was let 6 times since 2021 with the latest being in Mar 2020 for an undisclosed price.
Since Mar 2020, the market values of similar properties has risen 29.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 11 The Lodge, Watford within a radius of 470 metres over the last 2 years.
The most recent example is Flat 37, Nash Trade House 27, Woodford Road, Watford, WD17 1PB, a Leasehold flat which sold for £90,000 in May 2024.
Read more about house prices in WD24.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 3 lets of properties similar to 11 The Lodge, Watford within a radius of 470 metres over the last 2 years.
Most recently Flat 15, Tantivy Court 91, Queens Road, Watford, WD17 2QW, a Leasehold flat let by Imagine in Sep 2023.
Orphanage Road, Watford, WD24 has a total of 20 addresses. According to our analysis of all the public data, 11 The Lodge, Watford is the 13th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £109k less expensive than the average property in WD24.
11 The Lodge, Watford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Jun 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 11 The Lodge, Watford is Watford Junction station which is 400 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 11 The Lodge, Watford, 53.0% of property is socially rented and 19.7% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 11 The Lodge, Watford, 18.6% of residents are recorded as possessing school level qualifications and 29.1% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 11 The Lodge, Watford, the average age was 34.7 and the most common age was 32.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 11 The Lodge, Watford, 0.0% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 11 The Lodge, Watford, there are an average of 1.1 cars per household.
See below for how this compares to East of England and the rest of England & Wales.