As updated by Imagine in Dec 2018, Flat 1, Matisse House, Watford is a modern 106 year lease apartment with 762 ft2 of internal area comprising 2 bedrooms .
There are 106 years remaining on the lease.
The apartment is in Matisse House, Cassio Place, Watford, WD18.
Cassio Place, Watford, WD18 is located in the borough of Watford within the WD18 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 Flat 1 Matisse House Watford as £329,841 and the rental value as £1,775 per month giving an expected gross yield of 6.5%.
Imagine described the decorative condition as fair in Dec 2018.
Over the last 12 months the sale value of Flat 1 Matisse House Watford has increased by £1,495 (0.5%) and its rental value has increased by £102 per month (5.7%).
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 Flat 1, Matisse House, Watford is in very good condition we estimate a sale value of £346,333 and rental value of £1,864 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £306,752 and a rental value of £1,651 per month.
If you were able to purchase this property for the estimated value of £329,841, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,621 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, Flat 1, Matisse House, Watford was last sold on 05 Mar 2010 for £232,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2010, the market for similar properties has risen 56.1%
According to Imagine , Flat 1, Matisse House, Watford was let 2 times since 2021 with the latest being in Dec 2018 for an undisclosed price.
Since Dec 2018, the market values of similar properties has risen 28.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Matisse House, Watford within a radius of 530 metres over the last 2 years.
The most recent example is Flat 11, Mayfair Court, Observer Drive, Watford, WD18 7GA, a Leasehold flat which sold for £322,000 in Nov 2023.
Read more about house prices in WD18.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 3 lets of properties similar to Flat 1, Matisse House, Watford within a radius of 530 metres over the last 2 years.
Most recently 13 Westmount Apartments, Metropolitan Station Approach, Watford, WD18 7BE, a Leasehold flat let by Imagine in Jan 2024.
Cassio Place, Watford, WD18 has a total of 31 addresses. According to our analysis of all the public data, Flat 1, Matisse House, Watford is the 27th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £47k less expensive than the average property in WD18.
Flat 1, Matisse House, Watford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Jul 2019.
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 Flat 1, Matisse House, Watford is Watford station which is 300 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 Flat 1, Matisse House, Watford, 45.0% of property is privately rented and 28.3% 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 Flat 1, Matisse House, Watford, 21.3% of residents are recorded as possessing school level qualifications and 65.8% 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 Flat 1, Matisse House, Watford, the average age was 40.1 and the most common age was 47.
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 Flat 1, Matisse House, 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 Flat 1, Matisse House, 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.