As updated by Imagine in Sep 2023, Flat 25, Omega Court, Watford is a modern leasehold apartment with 699 ft2 of internal area comprising 2 bedrooms with a balcony.
There are 978 years remaining on the lease.
The apartment is in Omega Court, The Gateway, Watford, WD18.
The Gateway, 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 25 Omega Court Watford as £325,595 and the rental value as £1,518 per month giving an expected gross yield of 5.6%.
Imagine described the decorative condition as fair in Sep 2023.
Over the last 12 months the sale value of Flat 25 Omega Court Watford has decreased by £3,761 (1.2%) and its rental value has increased by £60 per month (3.9%).
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 25, Omega Court, Watford is in very good condition we estimate a sale value of £341,875 and rental value of £1,594 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £302,804 and a rental value of £1,412 per month.
If you were able to purchase this property for the estimated value of £325,595, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,600 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 25, Omega Court, Watford was last sold on 06 Mar 2012 for £207,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2012, the market for similar properties has risen 55.1%
According to Imagine , Flat 25, Omega Court, 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 2.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 25, Omega Court, Watford within a radius of 0m over the last 2 years.
The most recent example is Flat 40, Omega Court, The Gateway, Watford, WD18 7HG, a Leasehold flat which sold for £322,000 in Aug 2023.
Read more about house prices in WD18.
Our network of Estate Agents report 3 lets of properties similar to Flat 25, Omega Court, Watford within a radius of 239m over the last 2 years.
Most recently Flat 24, Lucida Court 534-536, Whippendell Road, Watford, WD18 7QH, a Leasehold flat let by Imagine for an undisclosed amount in Sep 2023.
The Gateway, Watford, WD18 has a total of 156 addresses. According to our analysis of all the public data, Flat 25, Omega Court, Watford is the 117th largest and the 64th most expensive property on the street.
When compared to the postcode district it is £51k less expensive than the average property in WD18.
Flat 25, Omega Court, Watford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 May 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 Flat 25, Omega Court, Watford is Watford station which is 800 m 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 25, Omega Court, Watford, 40.8% 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 Flat 25, Omega Court, Watford, 17.3% of residents are recorded as possessing school level qualifications and 37.1% 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 25, Omega Court, 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 25, Omega Court, Watford, 0.5% 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 25, Omega Court, 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.