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252 St. Albans Road, Watford, WD24 4AX - Image 1
252 St. Albans Road, Watford, WD24 4AX - Image 2
252 St. Albans Road, Watford, WD24 4AX - Image 3
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252 St. Albans Road, Watford, WD24 4AX - Image 5

252 St. Albans Road, Watford, WD24 4AX

London

£675,000
Listed on 07/05/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
3332 sqft

Description

This property features a substantial ground floor retail space with an attractive glazed frontage facing St Albans Road, complemented by a three-bedroom flat above and a sizable yard area with outbuildings accessible via Balmoral Road. The retail unit, which has served as a hairdressing salon for 45 years, recently ceased operations, presenting an excellent opportunity for renovation or repurposing. Internally, the space includes a large shop floor along with a staff room and restroom facilities positioned at the rear. The residential flat is accessible from within the retail unit and is structured over two levels. The first floor hosts a kitchen, lounge, and bathroom, while the second floor comprises two additional bedrooms, offering ample living space that could be modernized to attract tenants or create an owner-occupied residence. In addition to the main building, there are outbuildings currently utilized for storage. These structures can be accessed from a service road behind neighboring properties, enhancing utility options and flexibility in use. The gated access provides an extra layer of security for both the commercial and residential components of this property. Strategically located on St Albans Road—a key thoroughfare leading to Watford Junction Station and Watford Town Centre—this property benefits from high visibility and accessibility. Nearby amenities include major supermarkets like Sainsbury’s and Asda, along with a diverse range of shops, restaurants, and takeaway outlets. This location not only serves residential needs but also attracts foot traffic that could benefit potential businesses interested in establishing themselves in the area. With its mix of commercial and residential elements, this property presents significant renovation potential that could yield strong returns on investment.

Investment Analysis

(WD24 area)

Below Market Value

This property is priced -61.4% below area average per sq ft

-61.4%
Potential saving
This Property
£203/sq ft
Area Average
£525/sq ft
Avg Rent (weekly)
£353
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£1,922,581
10% above area average per sq ft
Potential ROI
+141.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (WD24)

Area prices are falling by +2.2% over the last 12 months
3 year growth: 1.1%
5 year growth: 9.1%
Investment Disclaimer: Analysis based on WD24 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

252 St. Albans Road, Watford, WD24 4AX
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,473
Based on a loan of £506,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE