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Ridge Lane, Watford, Hertfordshire

London

£1,050,000
Listed on 29/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
2653 sqft

Description

This three-bedroom detached bungalow presents a significant opportunity for renovation and development, set on an expansive plot that offers potential for enhancement. The property includes two reception areas, a kitchen, a family bathroom, utility room, and two additional cloakrooms, along with ample space to reconfigure the layout as desired. The self-contained two-bedroom annex features a spacious reception room, a principal bedroom with a dressing area and en-suite bathroom, as well as another family bathroom. Located in a sought-after residential neighborhood close to essential amenities, schools, and public transport links, this property is ideal for those looking to invest in a project that promises both comfort and convenience.

Investment Analysis

(WD17 area)

Below Market Value

This property is priced -23.1% below area average per sq ft

-23.1%
Potential saving
This Property
£396/sq ft
Area Average
£514/sq ft
Avg Rent (weekly)
£370
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£1,501,174
10% above area average per sq ft
Potential ROI
+31.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (WD17)

Area prices are falling by -16.4% over the last 12 months
3 year growth: -5.0%
5 year growth: -6.3%
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

Ridge Lane, Watford, Hertfordshire
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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
£3,787
Based on a loan of £787,500 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.

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