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Mildred Avenue, Watford

London

£950,000

Listed on 18/05/2026

Property details

Bedrooms
4
Type
Detached
Area
2467 sqft

Description

This substantial four-bedroom detached home presents a promising opportunity for redevelopment, currently approved for conversion into three apartments and the potential addition of a new three-bedroom house on-site. With over 2,400 sq. ft of space, the property is ideal for investors looking to capitalize on its sizeable plot or for families wishing to create a spacious residence. The ground floor includes a welcoming entrance hallway, an expansive living room, and a well-appointed kitchen with modern appliances. The home also features two bathrooms—one contemporary suite on the ground floor and another family bathroom upstairs along with four generously sized bedrooms, two equipped with fitted wardrobes. A notable highlight is the large rear veranda providing scenic views over the extensive garden. Additional assets include a versatile loft room, gas central heating, and double-glazed windows throughout. Outdoor space includes off-street parking for several vehicles and an impressive L-shaped garden that further enhances the investment potential of this property. Located in close proximity to top schools, local amenities, and transport links such as Watford Metropolitan Station, this property is perfectly positioned for both family living and development pursuits.

Investment analysis

(WD18 area)

Below Market Value

This property is priced -19.9% below area average per sq ft

-19.9%
Potential saving
This Property
£385/sq ft
Area Average
£481/sq ft
Avg Rent (weekly)
£367
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£1,305,154
10% above area average per sq ft
Potential ROI
+22.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (WD18)

Area prices are rising by +2.2% over the last 12 months
3 year growth: +3.2%
5 year growth: +2.6%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£3,589
Based on a loan of £712,500 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

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