According to the public record, 502A, St. Albans Road, Watford is a period leasehold apartment and with 484 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 502, St. Albans Road, Watford, WD24.
St. Albans Road, Watford, WD24 is located in the borough of Watford within the WD24 postal district.
502A, St. Albans Road, Watford has 51 entries in the Land Registry database, most recently in April 2022 and 2 entries in the EPC database, most recently in April 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 502A St. Albans Road Watford as £245,499 and the rental value as £1,396 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 502A St. Albans Road Watford has increased by £2,443 (1.0%) and its rental value has increased by £90 per month (6.5%).
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 502A, St. Albans Road, Watford is in very good condition we estimate a sale value of £257,774 and rental value of £1,466 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £228,315 and a rental value of £1,298 per month.
If you were able to purchase this property for the estimated value of £245,499, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,207 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, 502A, St. Albans Road, Watford was last sold on 14 Apr 2022 for £255,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Apr 2022, the market for similar properties has dropped 2.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 502A, St. Albans Road, Watford within a radius of 272m over the last 2 years.
The most recent example is Flat 2, Swanley Court, Northfield Gardens, Watford, WD24 7RJ, a Leasehold flat which sold for £219,000 in Feb 2024.
Read more about house prices in WD24.
Our network of Estate Agents report 3 lets of properties similar to 502A, St. Albans Road, Watford within a radius of 482m over the last 2 years.
Most recently 65 Hales Court, Ley Farm Close, Watford, WD25 9BH, a Leasehold flat let by Imagine for an undisclosed amount in Feb 2023.
St. Albans Road, Watford, WD24 has a total of 543 addresses. According to our analysis of all the public data, 502A, St. Albans Road, Watford is the 412th largest and the 271st most expensive property on the street.
When compared to the postcode district it is £149k less expensive than the average property in WD24.
502A, St. Albans Road, Watford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Apr 2018.
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 502A, St. Albans Road, Watford is Watford North station which is 500 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 502A, St. Albans Road, Watford, 32.4% of property is privately owned outright and 31.5% 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 502A, St. Albans Road, Watford, 17.3% of residents are recorded as possessing school level qualifications and 41.7% 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 502A, St. Albans Road, Watford, the average age was 40.4 and the most common age was 42.
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 502A, St. Albans Road, Watford, 0.8% 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 502A, St. Albans Road, Watford, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.