1-bedroom flat · WD17 4LU
For saleReduced £10k (−4%) on 1 OctListed 73 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully presented one double bedroom ground floor maisonette, offered to the market chain free and situated in the highly sought-after Nascot Wood area.
Finished to an excellent standard throughout, this bright and spacious home is ideal for first-time buyers, downsizers or investors alike.
The well-proportioned accommodation comprises a generous double bedroom, stylish bathroom, modern fitted kitchen and a welcoming living/dining room, all presented in superb condition and ready to move straight into.
The contemporary kitchen has been thoughtfully designed with excellent cabinet storage space, providing plenty of room for everyday essentials, and comes complete with included appliances for added convenience.
A water softener is discreetly fitted beneath the sink unit, supplying soft water throughout the property for improved comfort and efficiency.
The stylish bathroom features a generous shower area with a built-in folding seat attached to the wall, allowing for a more comfortable and practical showering experience.
Handmade encaustic floor tiles add a unique touch of quality and character, while dedicated dry storage shelving beside the shower provides a convenient space for towels and bathroom essentials.
The spacious double bedroom benefits from three built-in double wardrobes, offering exceptional storage, along with a dedicated seated desk area ideal for working from home or personal use.
Further benefits include a share of the freehold, providing long-term peace of mind, as well as an allocated parking space for added convenience.
The property also benefits from a brick-built, lockable enclosed outside storage unit located by the front door, perfect for bikes, outdoor equipment and additional belongings.
The electrical distribution board has recently been upgraded to meet the latest electrical regulations, with the complete system fully certified for additional reassurance.
Ideally positioned within the desirable Nascot Wood area, the property is within easy reach of both underground and overground stations, Watford Town Centre, highly regarded local schools, parks and a range of shops, cafés and other amenities, making it an excellent choice for commuters and those seeking a vibrant yet well-connected location.
Early viewing is highly recommended. Additional Information Tenure: Share of Freehold Local Authority: Watford Council Tax Band: C Energy Efficiency Rating: D
Value & comps
No previous sales on record.
Returns
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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 17, Melrose Place, Hertfordshire
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