As updated by Imagine in May 2023, Apartment 9, Clarendon Lofts 31-35, Watford is a modern 113 year lease apartment with 527 ft2 of internal area comprising 1 bedroom with a balcony.
There are 113 years remaining on the lease.
The apartment is in Clarendon Lofts, Clarendon Road, Watford, WD17.
Clarendon Road, Watford, WD17 is located in the borough of Watford within the WD17 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 Apartment 9 Clarendon Lofts 31-35 Watford as £243,236 and the rental value as £1,305 per month giving an expected gross yield of 6.4%.
Imagine described the decorative condition as fair in May 2023.
Over the last 12 months the sale value of Apartment 9 Clarendon Lofts 31-35 Watford has decreased by £5,732 (2.4%) and its rental value has increased by £47 per month (3.6%).
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 Apartment 9, Clarendon Lofts 31-35, Watford is in very good condition we estimate a sale value of £255,398 and rental value of £1,370 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £226,210 and a rental value of £1,213 per month.
If you were able to purchase this property for the estimated value of £243,236, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,195 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, Apartment 9, Clarendon Lofts 31-35, Watford was last sold on 19 Dec 2012 for £160,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2012, the market for similar properties has risen 48.1%
According to Imagine , Apartment 9, Clarendon Lofts 31-35, Watford was let 3 times since 2021 with the latest being in May 2023 for an undisclosed price.
Since May 2023, the market values of similar properties has risen 7.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 9, Clarendon Lofts 31-35, Watford within a radius of 370 metres over the last 2 years.
The most recent example is 124, Wilmington Close, Watford, WD18 0FQ, a Leasehold flat which sold for £230,000 in Jan 2024.
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 Apartment 9, Clarendon Lofts 31-35, Watford within a radius of 370 metres over the last 2 years.
Most recently Flat 7, 1, Clarendon Road, Watford, WD17 1LB, a Leasehold flat let by Imagine in Mar 2023.
Clarendon Road, Watford, WD17 has a total of 107 addresses. According to our analysis of all the public data, Apartment 9, Clarendon Lofts 31-35, Watford is the 40th largest and the 49th most expensive property on the street.
When compared to the postcode district it is £295k less expensive than the average property in WD17.
Apartment 9, Clarendon Lofts 31-35, Watford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Nov 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Apartment 9, Clarendon Lofts 31-35, 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 Apartment 9, Clarendon Lofts 31-35, Watford, 45.3% of property is privately rented and 30.0% 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 Apartment 9, Clarendon Lofts 31-35, Watford, 16.8% of residents are recorded as possessing school level qualifications and 55.0% 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 Apartment 9, Clarendon Lofts 31-35, 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 Apartment 9, Clarendon Lofts 31-35, Watford, 0.2% 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 Apartment 9, Clarendon Lofts 31-35, Watford, there are an average of 1.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.