According to the public record, Flat 8, Pratchett Court 2, Watford is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Pratchett Court, Raven Close, Watford, WD18.
Raven Close, Watford, WD18 is located in the borough of Watford within the WD18 postal district.
Flat 8, Pratchett Court 2, Watford has 3 entries in the Land Registry database, most recently in May 2022 and a single entry in the EPC database dated August 2012.
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 Pratchett Court 2 Watford as £249,901 and the rental value as £1,429 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 8 Pratchett Court 2 Watford has decreased by £2,887 (1.2%) and its rental value has increased by £56 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 8, Pratchett Court 2, Watford is in very good condition we estimate a sale value of £262,396 and rental value of £1,501 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £232,408 and a rental value of £1,329 per month.
If you were able to purchase this property for the estimated value of £249,901, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,228 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, Pratchett Court 2, Watford was last sold on 16 May 2022 for £240,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 2022, the market for similar properties has risen 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Pratchett Court 2, Watford within a radius of 600 metres over the last 2 years.
The most recent example is Flat 16, 533, Whippendell Road, Watford, WD18 7QF, a Leasehold flat which sold for £249,000 in Sep 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 8, Pratchett Court 2, Watford within a radius of 600 metres over the last 2 years.
Most recently Flat 22, Lucida Court 534-536, Whippendell Road, Watford, WD18 7QH, a Leasehold flat let by Imagine in Sep 2022.
Raven Close, Watford, WD18 has a total of 90 addresses. According to our analysis of all the public data, Flat 8, Pratchett Court 2, Watford is the 78th largest and the 65th most expensive property on the street.
When compared to the postcode district it is £127k less expensive than the average property in WD18.
Flat 8, Pratchett Court 2, Watford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Aug 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 8, Pratchett Court 2, Watford is Watford station which is 800 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, Pratchett Court 2, Watford, 51.2% of property is privately rented and 23.9% 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, Pratchett Court 2, Watford, 26.5% of residents are recorded as possessing school level qualifications and 51.5% 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, Pratchett Court 2, 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 8, Pratchett Court 2, Watford, 1.0% 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 8, Pratchett Court 2, 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.