As updated by Imagine in Jul 2020, Flat 16, Mayfair Court, Watford is a modern 131 year lease apartment with 702 ft2 of internal area comprising 2 bedrooms with a balcony.
There are 131 years remaining on the lease.
The apartment is in Mayfair Court, Observer Drive, Watford, WD18.
Observer Drive, 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 16 Mayfair Court Watford as £319,012 and the rental value as £1,680 per month giving an expected gross yield of 6.3%.
Imagine described the decorative condition as fair in Jul 2020.
Over the last 12 months the sale value of Flat 16 Mayfair Court Watford has decreased by £2,741 (0.9%) and its rental value has increased by £73 per month (4.4%).
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 16, Mayfair Court, Watford is in very good condition we estimate a sale value of £334,963 and rental value of £1,764 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £296,681 and a rental value of £1,562 per month.
If you were able to purchase this property for the estimated value of £319,012, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,568 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 16, Mayfair Court, Watford was last sold on 08 Feb 2013 for £235,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2013, the market for similar properties has risen 52.5%
According to Imagine , Flat 16, Mayfair Court, Watford was let 3 times since 2021 with the latest being in Jul 2020 for an undisclosed price.
Since Jul 2020, the market values of similar properties has risen 27.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 16, Mayfair Court, Watford within a radius of 440 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 16, Mayfair Court, Watford within a radius of 440 metres over the last 2 years.
Most recently Flat 3, Monet House, Cassio Place, Watford, WD18 7AR, a Leasehold flat let by Imagine in Sep 2023.
Observer Drive, Watford, WD18 has a total of 85 addresses. According to our analysis of all the public data, Flat 16, Mayfair Court, Watford is the 61st largest and the 52nd most expensive property on the street.
When compared to the postcode district it is £58k less expensive than the average property in WD18.
Flat 16, Mayfair Court, Watford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 Dec 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using an electric boiler and radiators.
The closest station to Flat 16, Mayfair Court, Watford is Watford station which is 400 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 16, Mayfair Court, Watford, 44.5% of property is privately owned with a mortgage and 30.3% 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 Flat 16, Mayfair Court, Watford, 25.8% of residents are recorded as possessing school level qualifications and 56.8% 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 16, Mayfair Court, 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 16, Mayfair Court, 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 Flat 16, Mayfair Court, 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.