As updated by Imagine in Jan 2018, Flat 26, Mayfair Court, Watford is a modern 131 year lease apartment with 724 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 26 Mayfair Court Watford as £324,862 and the rental value as £1,712 per month giving an expected gross yield of 6.3%.
Imagine described the decorative condition as fair in Jan 2018.
Over the last 12 months the sale value of Flat 26 Mayfair Court Watford has decreased by £2,791 (0.9%) and its rental value has increased by £75 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 26, Mayfair Court, Watford is in very good condition we estimate a sale value of £341,105 and rental value of £1,797 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £302,122 and a rental value of £1,592 per month.
If you were able to purchase this property for the estimated value of £324,862, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,597 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 26, Mayfair Court, Watford was last sold on 16 May 2007 for £247,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2007, the market for similar properties has risen 42.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 26, 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 26, 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 26, Mayfair Court, Watford is the 43rd largest and the 44th most expensive property on the street.
When compared to the postcode district it is £52k less expensive than the average property in WD18.
Flat 26, Mayfair Court, Watford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Nov 2021.
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 26, 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 26, 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 26, 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 26, 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 26, 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 26, 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.