As updated by Imagine in Aug 2019, Flat 7, Graphic House 73-75, Watford is a 116 year lease apartment with 602 ft2 of internal area comprising 2 bedrooms with a balcony.
There are 116 years remaining on the lease.
The apartment is in Graphic House, Gammons Lane, Watford, WD24.
Gammons Lane, Watford, WD24 is located in the borough of Watford within the WD24 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 7 Graphic House 73-75 Watford as £242,569 and the rental value as £1,571 per month giving an expected gross yield of 7.8%.
Imagine described the decorative condition as fair in Aug 2019.
Over the last 12 months the sale value of Flat 7 Graphic House 73-75 Watford has decreased by £2,880 (1.2%) and its rental value has increased by £66 per month (4.2%).
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 7, Graphic House 73-75, Watford is in very good condition we estimate a sale value of £254,698 and rental value of £1,650 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £225,590 and a rental value of £1,461 per month.
If you were able to purchase this property for the estimated value of £242,569, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,192 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 7, Graphic House 73-75, Watford was last sold on 23 Jan 2015 for £248,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2015, the market for similar properties has risen 15.6%
According to Imagine , Flat 7, Graphic House 73-75, Watford was let 2 times since 2021 with the latest being in Aug 2019 for an undisclosed price.
Since Aug 2019, the market values of similar properties has risen 30.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Graphic House 73-75, Watford within a radius of 460 metres over the last 2 years.
The most recent example is Flat 5, Graphic House 73-75, Gammons Lane, Watford, WD24 5TU, a Leasehold flat which sold for £240,000 in Jun 2021.
Read more about house prices in WD24.
*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 7, Graphic House 73-75, Watford within a radius of 460 metres over the last 2 years.
Most recently 11, Longspring, Watford, WD24 6NA, a Leasehold flat let by Imagine in Sep 2023.
Gammons Lane, Watford, WD24 has a total of 418 addresses. According to our analysis of all the public data, Flat 7, Graphic House 73-75, Watford is the 299th largest and the 321st most expensive property on the street.
When compared to the postcode district it is £152k less expensive than the average property in WD24.
Flat 7, Graphic House 73-75, Watford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 25 Sep 2014.
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 7, Graphic House 73-75, Watford is Watford North station which is 1.0 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 7, Graphic House 73-75, Watford, 39.7% of property is privately owned with a mortgage and 28.7% 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 7, Graphic House 73-75, Watford, 19.1% of residents are recorded as possessing school level qualifications and 45.0% 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 7, Graphic House 73-75, Watford, the average age was 36 and the most common age was 42.
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 7, Graphic House 73-75, 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 7, Graphic House 73-75, 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.