As updated by Imagine in Sep 2023, Flat 23, Queens Gate 2, Watford is a modern leasehold apartment with a share of the freehold and with 750 ft2 of internal area comprising 2 bedrooms with a balcony.
The apartment is in Queens Gate, Lord Street, Watford, WD17.
Lord Street, 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 Flat 23 Queens Gate 2 Watford as £318,392 and the rental value as £1,593 per month giving an expected gross yield of 6%.
Imagine described the decorative condition as fair in Sep 2023.
Over the last 12 months the sale value of Flat 23 Queens Gate 2 Watford has decreased by £6,231 (2.0%) and its rental value has increased by £64 per month (4.0%).
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 23, Queens Gate 2, Watford is in very good condition we estimate a sale value of £334,311 and rental value of £1,673 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £296,104 and a rental value of £1,481 per month.
If you were able to purchase this property for the estimated value of £318,392, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,565 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 23, Queens Gate 2, Watford was last sold on 05 Oct 2018 for £326,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2018, the market for similar properties has dropped 0.2%
According to Imagine , Flat 23, Queens Gate 2, Watford was let 5 times since 2021 with the latest being in Sep 2023 for an undisclosed price.
Since Sep 2023, the market values of similar properties has risen 3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 23, Queens Gate 2, Watford within a radius of 390 metres over the last 2 years.
The most recent example is Flat 37, Ashleigh Court 29, Loates Lane, Watford, WD17 2PJ, a Leasehold flat which sold for £289,000 in Nov 2023.
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 Flat 23, Queens Gate 2, Watford within a radius of 390 metres over the last 2 years.
Most recently Flat 61, Queens Gate 2, Lord Street, Watford, WD17 2LQ, a Leasehold flat let by Imagine in Oct 2023.
Lord Street, Watford, WD17 has a total of 122 addresses. According to our analysis of all the public data, Flat 23, Queens Gate 2, Watford is the 19th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £220k less expensive than the average property in WD17.
Flat 23, Queens Gate 2, Watford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Sep 2014.
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 Flat 23, Queens Gate 2, Watford is Watford High Street station which is 500 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 23, Queens Gate 2, Watford, 75.0% of property is privately rented and 11.4% is privately owned outright.
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 23, Queens Gate 2, Watford, 17.9% of residents are recorded as possessing school level qualifications and 40.1% 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 23, Queens Gate 2, 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 Flat 23, Queens Gate 2, 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 23, Queens Gate 2, 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.