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Hempstead Road, Watford WD17 - Image 1
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Hempstead Road, Watford WD17

London

£700,000
Listed on 05/04/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
1026 sqft

Description

This two-bedroom detached bungalow, located on the sought-after Hempstead Road in Watford, is a prime candidate for complete renovation. With significant potential to enhance both its value and living space, this property offers a unique opportunity for buyers looking to create a home tailored to their personal style (pending the usual permissions). The layout currently includes two bedrooms, a living room, a dining room, a kitchen, and a bathroom – all of which require comprehensive refurbishment. Additionally, the property features a private garden and off-street parking, making it even more appealing. Conveniently situated near local amenities, excellent transport links, and well-regarded schools, this bungalow is ideal for investors or individuals eager to undertake an exciting renovation project in a desirable area. Early viewings are encouraged to fully appreciate the possibilities this property presents.

Investment Analysis

(WD17 area)

Above Market Value

This property is priced +32.5% above area average per sq ft

+32.5%
This Property
£682/sq ft
Area Average
£515/sq ft
Avg Rent (weekly)
£370
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£581,003
10% above area average per sq ft
Potential ROI
-26.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (WD17)

Area prices are falling by -9.2% over the last 12 months
3 year growth: -0.2%
5 year growth: +4.3%
Investment Disclaimer: Analysis based on WD17 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

Hempstead Road, Watford WD17
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,479
Based on a loan of £525,000 over 30 years at 3.91% 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.

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