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Loates Lane, Watford, Hertfordshire, WD17 - Image 1
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Loates Lane, Watford, Hertfordshire, WD17 - Image 3
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Loates Lane, Watford, Hertfordshire, WD17 - Image 5
Loates Lane, Watford, Hertfordshire, WD17 - Image 6
Loates Lane, Watford, Hertfordshire, WD17 - Image 7
Loates Lane, Watford, Hertfordshire, WD17 - Image 8

Loates Lane, Watford, Hertfordshire, WD17

London

£240,000
Listed on 04/09/2025

Property Details

Bedrooms
2
Type
Flat
Area
624 sqft

Description

This two-bedroom flat presents a promising opportunity for those looking to invest in a property with significant renovation potential. Set in a desirable town center area, the location offers easy access to public transportation, local shops, and schools, enhancing its appeal for both first-time buyers and investors alike. The flat features an open-plan reception and kitchen area, designed with large windows that invite generous natural light. This layout not only provides a welcoming ambiance but also allows for creative redesign possibilities—perfect for those who wish to transform the space into a contemporary living environment tailored to their personal taste. Accommodation includes two well-sized double bedrooms. The main bedroom benefits from an en-suite bathroom, adding a touch of convenience, while the second bedroom offers flexibility for use as a guest room or home office. An additional family bathroom is equipped with a heated towel rail, providing comfort during colder seasons. A notable highlight of this flat is the balcony—a rare find in such a central location—which adds value by offering outdoor space for relaxation or gardening. While the property requires refurbishment, this presents an excellent canvas for new owners or investors eager to craft their ideal home or develop a rental asset that meets market demands. The combination of its prime location and renovation potential makes it an attractive opportunity worth considering. With 137 years remaining on the lease and service charges yet to be confirmed, it’s advisable for any prospective buyer to carry out thorough due diligence related to the lease terms and associated costs before proceeding.

Investment Analysis

(WD17 area)

Below Market Value

This property is priced -25.0% below area average per sq ft

-25.0%
Potential saving
This Property
£385/sq ft
Area Average
£513/sq ft
Avg Rent (weekly)
£356
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£351,952
10% above area average per sq ft
Potential ROI
+25.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (WD17)

Area prices are falling by +9.7% over the last 12 months
3 year growth: 0.0%
5 year growth: -0.3%
Investment Disclaimer: Analysis based on WD17 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

Loates Lane, Watford, Hertfordshire, WD17
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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
£879
Based on a loan of £180,000 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