As updated by Imagine in Jan 2020, Flat 18, Lewis House, Watford is a modern 159 year lease apartment with 645 ft2 of internal area comprising 2 bedrooms .
There are 159 years remaining on the lease.
The apartment is in Lewis House, Explorer Drive, Watford, WD18.
Explorer 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 18 Lewis House Watford as £282,438 and the rental value as £1,411 per month giving an expected gross yield of 6%.
Imagine described the decorative condition as fair in Jan 2020.
Over the last 12 months the sale value of Flat 18 Lewis House Watford has increased by £83 (0.0%) and its rental value has increased by £73 per month (5.2%).
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 18, Lewis House, Watford is in very good condition we estimate a sale value of £296,559 and rental value of £1,481 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £262,667 and a rental value of £1,312 per month.
If you were able to purchase this property for the estimated value of £282,438, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,388 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 18, Lewis House, Watford was last sold on 21 Jul 2005 for £149,950 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 18, Lewis House, Watford within a radius of 450 metres over the last 2 years.
The most recent example is Flat 11, Lewis House, Explorer Drive, Watford, WD18 6GX, a Leasehold flat which sold for £271,000 in Nov 2021.
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 18, Lewis House, Watford within a radius of 450 metres over the last 2 years.
Most recently 5 Redding House, Tolpits Lane, Watford, WD18 6PX, a Leasehold flat let by Imagine in Aug 2023.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Explorer Drive, Watford, WD18 has a total of 45 addresses. According to our analysis of all the public data, Flat 18, Lewis House, Watford is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £94k less expensive than the average property in WD18.
Flat 18, Lewis House, Watford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Sep 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 18, Lewis House, Watford is Watford 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 Flat 18, Lewis House, Watford, 59.7% of property is privately rented and 27.1% 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 18, Lewis House, Watford, 13.0% of residents are recorded as possessing school level qualifications and 55.7% 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 Flat 18, Lewis House, Watford, the average age was 35 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 Flat 18, Lewis 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 18, Lewis House, Watford, there are an average of 0.8 cars per household.
See below for how this compares to East of England and the rest of England & Wales.