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Hempstead Road, Watford

London

£700,000
Listed on 18/03/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
1025 sqft

Description

This two-bedroom detached bungalow offers a prime opportunity for a complete refurbishment on the desirable Hempstead Road in Watford. The property is a blank canvas, allowing buyers to reimagine and create a home tailored to their personal style and needs. Currently, it features a living room, dining room, kitchen, and bathroom – all of which are in need of extensive updates. The potential to enhance both the property's value and overall living experience is significant, subject to standard planning permissions. Outside, residents will appreciate the private garden and off-street parking facilities that contribute to the property's functionality. Situated near local amenities, transport options, and well-regarded schools, this bungalow presents an attractive project for investors or individuals eager to undertake a rewarding renovation in a sought-after area. Viewing is strongly recommended to fully grasp the potential this property holds.

Investment Analysis

(WD17 area)

Above Market Value

This property is priced +31.8% above area average per sq ft

+31.8%
This Property
£683/sq ft
Area Average
£518/sq ft
Avg Rent (weekly)
£373
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£584,214
10% above area average per sq ft
Potential ROI
-26.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (WD17)

Area prices are falling by -13.2% over the last 12 months
3 year growth: -0.2%
5 year growth: +0.7%
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

Hempstead Road, Watford
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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
£2,525
Based on a loan of £525,000 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.

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