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Fearnley Street, Watford WD18 - Image 1
Fearnley Street, Watford WD18 - Image 2
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Fearnley Street, Watford WD18

London

£320,000
Listed on 06/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
720 sqft

Description

This 2-bedroom terraced house, located in a desirable town center area, offers a promising opportunity for renovation and investment. The property features two spacious double bedrooms, providing ample accommodation for residents or potential renters. With two distinct reception rooms, the layout presents flexibility for various living arrangements, whether you envision an open-plan space or separate areas for different purposes. The bathroom is conveniently placed off the landing, contributing to the practicality of the home's design. A private rear garden enhances the property’s appeal, offering a serene outdoor space amidst the vibrant town life. While this home requires significant renovation, it serves as a blank slate for buyers with vision and creativity. The chain-free status adds to its attractiveness, allowing for a potentially expedited purchase process. Given its prime location within walking distance to local amenities and transport links, there is considerable potential to enhance value through thoughtful improvements. This property represents a unique investment prospect in a sought-after area where demand remains strong. Buyers are encouraged to assess the property’s condition and explore its possibilities firsthand.

Investment Analysis

(WD18 area)

Below Market Value

This property is priced -6.9% below area average per sq ft

-6.9%
Potential saving
This Property
£444/sq ft
Area Average
£477/sq ft
Avg Rent (weekly)
£384
Avg Yield
5.4%

Renovation Potential

Est. Renovation Cost
£32,000 - £80,000
10-25% of property value
Target Value
£377,982
10% above area average per sq ft
Potential ROI
-5.5%
After renovation
Monthly Sales
13
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (WD18)

Area prices are rising by +6.6% over the last 12 months
3 year growth: 7.4%
5 year growth: 9.4%
Investment Disclaimer: Analysis based on WD18 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Fearnley Street, Watford WD18
Map showing location of Fearnley Street, Watford WD18
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