According to the public record, 15, Melrose Place, Watford is a mid-century freehold house with 1,593 ft2 of internal area and sits on a 279 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Melrose Place, Watford, WD17 is located in the borough of Watford within the WD17 postal district.
15, Melrose Place, Watford has 51 entries in the Land Registry database, most recently in February 2021 and a single entry in the EPC database dated September 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 15 Melrose Place Watford as £637,509 and the rental value as £2,736 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 15 Melrose Place Watford has decreased by £9,930 (1.6%) and its rental value has increased by £122 per month (4.5%).
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 15, Melrose Place, Watford is in very good condition we estimate a sale value of £669,384 and rental value of £2,872 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £592,883 and a rental value of £2,544 per month.
If you were able to purchase this property for the estimated value of £637,509, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,133 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 data from HM Land Registry, 15, Melrose Place, Watford sits on a plot of 279m2.
We have plot size data on 10 out of 16 other houses in the postcode and 15, Melrose Place, Watford sits on the 2nd largest plot.
According to HM Land Registry, 15, Melrose Place, Watford was last sold on 16 Feb 2021 for £575,000 and was recorded as a freehold house.
The property has had 5 sales since 1995.
Since Feb 2021, the market for similar properties has risen 1.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Melrose Place, Watford within a radius of 650 metres over the last 2 years.
The most recent example is 9, Melrose Place, Watford, WD17 4LN, a Freehold house which sold for £620,000 in Jul 2024.
Read more about house prices in WD17.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 2 lets of properties similar to 15, Melrose Place, Watford within a radius of 650 metres over the last 2 years.
Most recently 2, Langley Place 99, Langley Road, Watford, WD17 4PE, a Freehold house let by Imagine in May 2023.
Melrose Place, Watford, WD17 has a total of 57 addresses. According to our analysis of all the public data, 15, Melrose Place, Watford is the 2nd largest and the 5th most expensive property on the street.
When compared to the postcode district it is £99k more expensive than the average property in WD17.
15, Melrose Place, Watford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Sep 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 15, Melrose Place, Watford is Watford station which is 1.6 kilometres 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 15, Melrose Place, Watford, 42.9% of property is privately rented and 33.1% is privately owned with a mortgage.
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 15, Melrose Place, Watford, 14.9% of residents are recorded as possessing school level qualifications and 59.9% 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 15, Melrose Place, Watford, the average age was 40.1 and the most common age was 37.
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 15, Melrose Place, 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 15, Melrose Place, 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.