As updated by Imagine in Feb 2020, 53A, Sussex Road, Watford is a period 112 year lease apartment with 645 ft2 of internal area comprising 2 bedrooms .
There are 112 years remaining on the lease.
The apartment is in 53, Sussex Road, Watford, WD24.
Sussex Road, Watford, WD24 is located in the borough of Watford within the WD24 postal district.
Based on both the data supplied by Imagine and the public information available in the area, we estimate the current sale value for 53A Sussex Road Watford as £319,617 and the rental value as £1,520 per month giving an expected gross yield of 5.7%.
Imagine described the decorative condition as fair in Feb 2020.
Over the last 12 months the sale value of 53A Sussex Road Watford has increased by £3,031 (0.9%) and its rental value has increased by £98 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 53A, Sussex Road, Watford is in very good condition we estimate a sale value of £335,598 and rental value of £1,596 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £297,244 and a rental value of £1,413 per month.
If you were able to purchase this property for the estimated value of £319,617, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,571 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, 53A, Sussex Road, Watford was last sold on 12 Aug 2022 for £342,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Aug 2022, the market for similar properties has dropped 2.2%
According to Imagine , 53A, Sussex Road, Watford was let 2 times since 2021 with the latest being in Feb 2020 for an undisclosed price.
Since Feb 2020, the market values of similar properties has risen 28.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 53A, Sussex Road, Watford within a radius of 470 metres over the last 2 years.
The most recent example is Flat 6, Campbell Court 1, Colnhurst Road, Watford, WD17 4BU, a Leasehold flat which sold for £162,500 in Jan 2024.
Read more about house prices in WD24.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 3 lets of properties similar to 53A, Sussex Road, Watford within a radius of 470 metres over the last 2 years.
Most recently 77, Gammons Lane, Watford, WD24 5HU, a Leasehold flat let by Imagine in Nov 2022.
Sussex Road, Watford, WD24 has a total of 70 addresses. According to our analysis of all the public data, 53A, Sussex Road, Watford is the 64th largest and the 64th most expensive property on the street.
When compared to the postcode district it is £75k less expensive than the average property in WD24.
53A, Sussex Road, Watford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 20 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 53A, Sussex Road, Watford is Watford North station which is 1.2 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 53A, Sussex Road, Watford, 46.5% of property is privately owned with a mortgage and 28.2% is privately 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 53A, Sussex Road, Watford, 18.9% of residents are recorded as possessing school level qualifications and 45.2% 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 53A, Sussex Road, Watford, the average age was 36 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 53A, Sussex Road, Watford, 0.9% 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 53A, Sussex Road, 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.