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St Albans Road, Watford, WD24

London

£600,000
Listed on 05/08/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This freehold property presents a compelling investment opportunity, situated in a bustling area within half a mile of Watford Junction Station. The building features a ground floor retail space currently leased to a beauty salon, secured for the next several years, providing immediate rental income. On the first floor, the recently modernized vacant 2/3 bedroom flat includes a private patio area and could be an attractive living space or rental unit with some cosmetic enhancements. There is potential for further development, subject to obtaining the necessary planning permissions. With varying room sizes and configurations in both the shop and flat, buyers can explore diverse renovation options to maximize returns on this property.

Investment Analysis

(WD24 area)
Area Average
£510/sq ft
Avg Rent (weekly)
£368
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
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
18%
Properties sold annually

Local Market Trend (WD24)

Area prices are rising by +2.8% over the last 12 months
3 year growth: +5.4%
5 year growth: +11.0%
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

St Albans Road, Watford, WD24
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,164
Based on a loan of £450,000 over 30 years at 4.06% 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.

Next Steps

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