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BANBURY STREET, Watford

London

£575,000
Listed on 30/06/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1429 sqft

Description

This spacious three-bedroom Victorian home presents a unique opportunity for renovation and investment. Currently configured as a multi-tenant property, it will soon be available as a single-family residence, allowing for a variety of potential uses to suit your vision. Nestled in a desirable area just off Vicarage Road, the property's location is one of its many advantages. The surrounding neighborhood offers easy access to local amenities, parks, and public transportation, making it an attractive option for both homeowners and renters alike. Upon entering, you’ll find a sizable hallway that connects two reception rooms and a kitchen, with stairs leading to the first floor. The front reception room features space for a small shower area, while the kitchen provides access to another compact shower room. The second reception room opens to an additional living space that includes an en-suite area and direct access to the garden. The first floor comprises two en-suite bedrooms, one equipped with its own kitchenette—ideal for future tenants or guests. Ascending to the second floor reveals a large bedroom that adds flexibility to the layout. While the property requires modernisation throughout, its inherent charm offers significant renovation potential. The modest courtyard garden provides a private outdoor space that can be enhanced further. This property is not only well-suited for personal use but also holds strong investment potential in an evolving market. With thoughtful updates and renovations, it could become an appealing family home or continue serving as income-generating accommodation in this sought-after location.

Investment Analysis

(WD18 area)

Below Market Value

This property is priced -16.7% below area average per sq ft

-16.7%
Potential saving
This Property
£402/sq ft
Area Average
£483/sq ft
Avg Rent (weekly)
£361
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£758,913
10% above area average per sq ft
Potential ROI
+15.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (WD18)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 5.7%
5 year growth: 6.7%
Investment Disclaimer: Analysis based on WD18 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

BANBURY STREET, Watford
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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
£2,106
Based on a loan of £431,250 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