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35 and 35a Market Street, Watford, WD18 0PN - Image 1
35 and 35a Market Street, Watford, WD18 0PN - Image 2

35 and 35a Market Street, Watford, WD18 0PN

London

£795,000

Listed on 30/05/2026

Property Details

Bedrooms
4
Type
Retail Property (high Street)
Area
2884 sqft

Description

This property features a ground floor retail space classified under Class E, currently occupied by a convenience store/off licence, generating a stable income. Above, the first and second floors house a four-bedroom self-contained flat, complete with separate bathroom and kitchen facilities. This flat is currently let on an assured shorthold tenancy and demonstrates investment potential with the possibility of being subdivided into smaller units, pending necessary planning permissions. Located centrally in Watford on Market Street, residents enjoy easy access to the Atria shopping centre and various dining options within a short walking distance. Additionally, both Watford High Street and Watford Junction stations are conveniently reachable within 10 to 15 minutes on foot, providing efficient transport links to London and beyond. Overall, this property not only presents immediate rental yield opportunities but also offers significant scope for future development enhancements.

Investment Analysis

(WD18 area)

Below Market Value

This property is priced -42.7% below area average per sq ft

-42.7%
Potential saving
This Property
£276/sq ft
Area Average
£481/sq ft
Avg Rent (weekly)
£371
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £75,000
Target Value
£1,527,352
10% above area average per sq ft
Potential ROI
+75.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (WD18)

Area prices are rising by +3.3% over the last 12 months
3 year growth: +4.3%
5 year growth: +3.3%
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

35 and 35a Market Street, Watford, WD18 0PN
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£3,003
Based on a loan of £596,250 over 30 years at 4.45% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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