According to the public record, Flat 8, Junction Court 9, Watford is a modern leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Junction Court, Station Road, Watford, WD17.
Station Road, Watford, WD17 is located in the borough of Watford within the WD17 postal district.
Flat 8, Junction Court 9, Watford has a single entry in the Land Registry database from January 2017 and a single entry in the EPC database dated December 2016.
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 8 Junction Court 9 Watford as £327,130 and the rental value as £1,522 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Flat 8 Junction Court 9 Watford has decreased by £261 (0.1%) and its rental value has increased by £97 per month (6.4%).
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 8, Junction Court 9, Watford is in very good condition we estimate a sale value of £343,487 and rental value of £1,598 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £304,231 and a rental value of £1,415 per month.
If you were able to purchase this property for the estimated value of £327,130, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,608 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 8, Junction Court 9, Watford was last sold on 11 Jan 2017 for £385,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2017, the market for similar properties has dropped 4.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Junction Court 9, Watford within a radius of 440 metres over the last 2 years.
The most recent example is Flat 37, Nash Trade House 27, Woodford Road, Watford, WD17 1PB, a Leasehold flat which sold for £90,000 in May 2024.
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 8, Junction Court 9, Watford within a radius of 440 metres over the last 2 years.
Most recently Flat 3, Brewery Mews, Watford, WD17 1RT, a Leasehold flat let by Imagine in Aug 2023.
Station Road, Watford, WD17 has a total of 18 addresses. According to our analysis of all the public data, Flat 8, Junction Court 9, Watford is the 14th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £211k less expensive than the average property in WD17.
Flat 8, Junction Court 9, Watford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 05 Dec 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and underfloor heating.
The closest station to Flat 8, Junction Court 9, Watford is Watford Junction station which is 100 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 8, Junction Court 9, Watford, 64.2% of property is privately rented and 22.9% is socially 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 8, Junction Court 9, Watford, 10.9% of residents are recorded as possessing school level qualifications and 45.7% 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 8, Junction Court 9, 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 8, Junction Court 9, Watford, 1.4% 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 8, Junction Court 9, Watford, there are an average of 0.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.