According to the public record, 2A, Melrose Place, Watford is a modern freehold house with 1,991 ft2 of internal area and sits on a 238 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Melrose Place, Watford, WD17 is located in the borough of Watford within the WD17 postal district.
2A, Melrose Place, Watford has a single entry in the Land Registry database from June 2016 and a single entry in the EPC database dated November 2018.
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 2A Melrose Place Watford as £732,576 and the rental value as £3,044 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 2A Melrose Place Watford has decreased by £7,901 (1.1%) and its rental value has increased by £151 per month (5.0%).
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 2A, Melrose Place, Watford is in very good condition we estimate a sale value of £769,204 and rental value of £3,197 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £681,295 and a rental value of £2,831 per month.
If you were able to purchase this property for the estimated value of £732,576, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,600 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, 2A, Melrose Place, Watford sits on a plot of 238m2.
We have plot size data on 10 out of 16 other houses in the postcode and 2A, Melrose Place, Watford sits on the 7th largest plot.
According to HM Land Registry, 2A, Melrose Place, Watford was last sold on 02 Jun 2016 for £535,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2016, the market for similar properties has risen 5.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2A, Melrose Place, Watford within a radius of 680 metres over the last 2 years.
The most recent example is 11, Molteno Road, Watford, WD17 4UD, a Freehold house which sold for £720,000 in Jul 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 within a 680 metres radius of 2A, Melrose Place, Watford over the last 2 years.
Most recently Flat 17, Stewart Court 2, Colnhurst Road, Watford, WD17 4BW, a Leasehold flat let by Imagine in Jul 2022.
Melrose Place, Watford, WD17 has a total of 57 addresses. According to our analysis of all the public data, 2A, Melrose Place, Watford is the largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £194k more expensive than the average property in WD17.
2A, Melrose Place, Watford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 23 Nov 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and underfloor heating.
The closest station to 2A, 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 2A, 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 2A, 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 2A, 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 2A, 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 2A, 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.