According to the public record, Flat 4, 62A, Chester Road, Watford is a modern leasehold apartment and with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 62A, Chester Road, Watford, WD18.
Chester Road, Watford, WD18 is located in the borough of Watford within the WD18 postal district.
Flat 4, 62A, Chester Road, Watford has a single entry in the Land Registry database from June 2014 and 2 entries in the EPC database, most recently in October 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 4 62A Chester Road Watford as £221,961 and the rental value as £1,499 per month giving an expected gross yield of 8.1%.
Over the last 12 months the sale value of Flat 4 62A Chester Road Watford has increased by £434 (0.2%) and its rental value has increased by £83 per month (5.5%).
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 4, 62A, Chester Road, Watford is in very good condition we estimate a sale value of £233,059 and rental value of £1,574 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £206,424 and a rental value of £1,394 per month.
If you were able to purchase this property for the estimated value of £221,961, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,091 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 4, 62A, Chester Road, Watford was last sold on 03 Jun 2014 for £170,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2014, the market for similar properties has risen 28.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 62A, Chester Road, Watford within a radius of 237m over the last 2 years.
The most recent example is Flat 5, Salisbury House 160, Harwoods Road, Watford, WD18 7BG, a Leasehold flat which sold for £214,000 in Mar 2016.
Read more about house prices in WD18.
Our network of Estate Agents report 2 lets of properties similar to Flat 4, 62A, Chester Road, Watford within a radius of 365m over the last 2 years.
Most recently Flat 6, Upton Lodge 30, Upton Road, Watford, WD18 0JS, a Leasehold flat let by Imagine for an undisclosed amount in Jul 2019.
Chester Road, Watford, WD18 has a total of 267 addresses. According to our analysis of all the public data, Flat 4, 62A, Chester Road, Watford is the 238th largest and the 252nd most expensive property on the street.
When compared to the postcode district it is £155k less expensive than the average property in WD18.
Flat 4, 62A, Chester Road, Watford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Oct 2023.
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 4, 62A, Chester Road, Watford is Watford station which is 900 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 4, 62A, Chester Road, Watford, 43.8% of property is privately rented and 37.2% 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 4, 62A, Chester Road, Watford, 28.4% of residents are recorded as possessing school level qualifications and 37.4% 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 4, 62A, Chester Road, Watford, the average age was 34.2 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 4, 62A, Chester Road, Watford, 0.4% 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 4, 62A, Chester Road, Watford, there are an average of 0.9 cars per household.
See below for how this compares to East of England and the rest of England & Wales.