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Mildred Avenue, Watford

London

£950,000

Listed on 18/05/2026

Property Details

Bedrooms
5
Type
Detached
Area
2021 sqft

Description

This impressive five-bedroom detached residence spans over 2,000 sq ft across three levels, presenting a significant opportunity for renovation and investment. Located on the sought-after Mildred Avenue, the property comes with existing planning permission for conversion into three flats and one additional house, making it a promising venture for developers or investors looking to capitalize on the area's growing demand for residential units. The ground floor offers a welcoming entrance hall that flows into versatile reception rooms, perfect for modern family living and entertaining. The expansive kitchen features considerable storage space and direct access to a large rear garden, which boasts excellent potential for landscaping or development. The first floor accommodates four generously sized bedrooms, two of which open onto a balcony with views of the garden. A family bathroom is also located on this level. The top floor enhances flexibility with an additional bedroom that can serve various purposes such as a guest room, home office, or playful area. Externally, the sizable rear garden complements the property and includes a substantial outbuilding that could be transformed into a gym, art studio, or workspace. Off-street parking is available at the front of the house. Situated roughly 0.5 miles from Watford Metropolitan Station and close to Cassiobury Park, this home balances spacious living with excellent transport links and local amenities.

Investment Analysis

(WD18 area)

Below Market Value

This property is priced -2.8% below area average per sq ft

-2.8%
Potential saving
This Property
£470/sq ft
Area Average
£484/sq ft
Avg Rent (weekly)
£361
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£1,075,091
10% above area average per sq ft
Potential ROI
+0.5%
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
8%
Properties sold annually

Local Market Trend (WD18)

Area prices are falling by -3.1% over the last 12 months
3 year growth: +2.9%
5 year growth: +1.6%
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

Mildred Avenue, Watford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£3,389
Based on a loan of £712,500 over 30 years at 3.97% 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

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