According to the public record, 9 Lorane Court, Watford is a mid-century leasehold apartment with 968 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Lorane Court, Langley Road, Watford, WD17.
Langley Road, Watford, WD17 is located in the borough of Watford within the WD17 postal district.
9 Lorane Court, Watford has 31 entries in the Land Registry database, most recently in May 2014 and a single entry in the EPC database dated February 2014.
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 9 Lorane Court Watford as £413,820 and the rental value as £1,787 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 9 Lorane Court Watford has decreased by £5,337 (1.3%) and its rental value has increased by £93 per month (5.2%).
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 9 Lorane Court, Watford is in very good condition we estimate a sale value of £434,511 and rental value of £1,876 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £384,852 and a rental value of £1,661 per month.
If you were able to purchase this property for the estimated value of £413,820, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,034 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, 9 Lorane Court, Watford was last sold on 27 May 2014 for £292,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 2014, the market for similar properties has risen 23.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 9 Lorane Court, Watford within a radius of 450 metres over the last 2 years.
The most recent example is 9 Stratford Lodge, Stratford Road, Watford, WD17 4QQ, a Leasehold flat which sold for £370,000 in Nov 2023.
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 1 let of a property similar to 9 Lorane Court, Watford within a radius of 450 metres over the last 2 years.
Most recently Flat 6, 10, Grandfield Avenue, Watford, WD17 4XA, a Leasehold flat let by Imagine in Oct 2020.
Langley Road, Watford, WD17 has a total of 273 addresses. According to our analysis of all the public data, 9 Lorane Court, Watford is the 81st largest and the 91st most expensive property on the street.
When compared to the postcode district it is £124k less expensive than the average property in WD17.
9 Lorane Court, Watford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Feb 2014.
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 9 Lorane Court, Watford is Watford Junction station which is 600 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 9 Lorane Court, Watford, 44.6% of property is privately rented and 33.2% is privately owned outright.
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 9 Lorane Court, Watford, 14.0% of residents are recorded as possessing school level qualifications and 52.2% 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 9 Lorane Court, 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 9 Lorane Court, 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 9 Lorane Court, Watford, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.