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Mildred Avenue

London

£950,000

Listed on 18/05/2026

Property Details

Bedrooms
4
Type
Detached
Area
2467 sqft

Description

This detached four-bedroom, two-bathroom family residence stands on a generous plot and comes with approved planning permission to transform the existing structure into three apartments while also constructing an additional three-bedroom house. With over 2,400 sq. ft of living space, this property presents a solid investment opportunity for redevelopment or substantial family living. The ground floor comprises a welcoming entrance hall leading to a large living room and a spacious rear reception area, complemented by a modern kitchen equipped with integrated appliances, along with a stylish three-piece bathroom. On the first floor, there are four good-sized bedrooms, two featuring fitted wardrobes, and a family bathroom. A notable highlight is the expansive rear veranda accessible from the back bedrooms, offering pleasant views of the garden. Additional benefits include a flexible loft room, double glazing throughout, and gas central heating. Outside, you'll find off-street parking for multiple vehicles, an extensive L-shaped rear garden, and a sizable outbuilding measuring around 42 ft that presents further renovation possibilities. Located on Mildred Avenue in a desirable area close to Watford Grammar School for Boys, Watford Metropolitan Station, Cassiobury Park, and the town centre, this property is not just inviting but full of potential for those looking to invest or create their dream home.

Investment Analysis

(WD18 area)

Below Market Value

This property is priced -20.4% below area average per sq ft

-20.4%
Potential saving
This Property
£385/sq ft
Area Average
£484/sq ft
Avg Rent (weekly)
£361
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£1,312,345
10% above area average per sq ft
Potential ROI
+22.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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
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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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