2-bedroom flat · WD17 1RA
For saleListed 122 days
Opportunity summary
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About
Investment Consideration: Gross Initial Yield: 8.00% Rental Income: £30,000 p.a.
VAT is NOT applicable to this property Comprises 2-bed apartment with study room arranged over first and second floor Situated within short walk from Watford Rail Station which provides direct links to London Euston every 5-10 minutes during peak hours Occupiers close by include local cafes, barbers and restaurants, amongst others.
Property Description: Comprises first and second floor self-contained flat, accessed via private entrance from St Albans Road and providing the following accommodation and dimensions: First Floor: Kitchen, Living/Dining Room, Bedroom, Study, Bathroom Second Floor: Large Bedroom, Bathroom Total area size: 75 sq m (807 sq ft) Tenancy: The property is at present let on Common Law Tenancy Agreement to Aston Pearl Ltd for a term of 3 Years from 8th January 2024 at a current rent of £30,000 per annum.
Tenure: Long Leasehold. Held for a term of 125 Years from 14th August 2018 at a ground rent of £250 per annum. Reversion 2143.
Location: Watford is a town and borough in Hertfordshire, England, 15 mi (24 km) northwest of Central London, on the River Colne.
The property is situated on St Albans Road, within short walk from Watford Rail Station which provides direct links to London Euston every 5-10 minutes during peak hours.
Occupiers close by include local cafes, barbers and restaurants, amongst others.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 137 St. Albans Road, Watford, Hertfordshire, WD17
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