According to the public record, 55, Sotheron Road, Watford is a modern leasehold apartment with 355 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 55, Sotheron Road, Watford, WD17.
Sotheron Road, Watford, WD17 is located in the borough of Watford within the WD17 postal district.
55, Sotheron Road, Watford has 2 entries in the Land Registry database, most recently in May 2014 and a single entry in the EPC database dated July 2021.
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 55 Sotheron Road Watford as £179,996 and the rental value as £1,018 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 55 Sotheron Road Watford has decreased by £398 (0.2%) and its rental value has increased by £60 per month (5.9%).
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 55, Sotheron Road, Watford is in very good condition we estimate a sale value of £188,996 and rental value of £1,069 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £167,397 and a rental value of £947 per month.
If you were able to purchase this property for the estimated value of £179,996, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £885 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, 55, Sotheron Road, Watford was last sold on 08 May 2014 for £153,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2014, the market for similar properties has risen 28.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55, Sotheron Road, Watford within a radius of 400 metres over the last 2 years.
The most recent example is Flat 9, Arliss Court 24, Clarendon Road, Watford, WD17 1JY, a Leasehold flat which sold for £185,000 in Aug 2020.
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 3 lets of properties similar to 55, Sotheron Road, Watford within a radius of 400 metres over the last 2 years.
Most recently Flat 4, Hertford House, Sutton Road, Watford, WD17 2QG, a Leasehold flat let by Imagine in Aug 2023.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sotheron Road, Watford, WD17 has a total of 104 addresses. According to our analysis of all the public data, 55, Sotheron Road, Watford is the 101st largest and the 103rd most expensive property on the street.
When compared to the postcode district it is £358k less expensive than the average property in WD17.
55, Sotheron Road, Watford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Jul 2021.
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 55, Sotheron Road, 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 55, Sotheron Road, Watford, 66.0% of property is privately rented and 21.1% 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 55, Sotheron Road, Watford, 26.7% of residents are recorded as possessing school level qualifications and 48.7% 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 55, Sotheron Road, 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 55, Sotheron Road, Watford, 0.4% 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 55, Sotheron Road, Watford, there are an average of 0.8 cars per household.
See below for how this compares to East of England and the rest of England & Wales.