According to the public record, 34, Water Lane, Watford is a early-century leasehold apartment and with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Water Lane, Watford, WD17 is located in the borough of Watford within the WD17 postal district.
34, Water Lane, Watford has 31 entries in the Land Registry database, most recently in September 2007 and a single entry in the EPC database dated January 2023.
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 34 Water Lane Watford as £297,004 and the rental value as £1,542 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 34 Water Lane Watford has increased by £600 (0.2%) and its rental value has increased by £92 per month (6.0%).
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 34, Water Lane, Watford is in very good condition we estimate a sale value of £311,854 and rental value of £1,619 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £276,214 and a rental value of £1,434 per month.
If you were able to purchase this property for the estimated value of £297,004, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,460 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, 34, Water Lane, Watford was last sold on 27 Sep 2007 for £145,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2007, the market for similar properties has risen 43.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 34, Water Lane, Watford within a radius of 400m over the last 2 years.
The most recent example is 36, Water Lane, Watford, WD17 2NH, a Leasehold flat which sold for £315,000 in Jan 2024.
Read more about house prices in WD17.
Our network of Estate Agents report 3 lets of properties similar to 34, Water Lane, Watford within a radius of 453m over the last 2 years.
Most recently 17, Farthing Close, Watford, WD18 0BT, a Leasehold flat let by Imagine for an undisclosed amount in Sep 2023.
Water Lane, Watford, WD17 has a total of 101 addresses. According to our analysis of all the public data, 34, Water Lane, Watford is the 69th largest and the 34th most expensive property on the street.
When compared to the postcode district it is £241k less expensive than the average property in WD17.
34, Water Lane, Watford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Jan 2023.
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 34, Water Lane, Watford is Watford High Street station which is 200 m 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 34, Water Lane, Watford, 42.3% of property is privately rented and 38.5% is socially 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 34, Water Lane, Watford, 17.5% of residents are recorded as possessing school level qualifications and 34.8% 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 34, Water Lane, 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 34, Water Lane, Watford, 1.0% 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 34, Water Lane, Watford, there are an average of 0.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.