3-bedroom flat · WD24 4RU
Listing removedReduced £45 (−2.4%) on 5 AugListed 133 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A showstopping three bedroom flat set within the ever desirable Reeds development Situated on the second floor of this iconic building is this three double bedroom furnished apartment which extends to over 1000 sq ft.
This stunning property features an expansive double aspect reception which measures over 30 ft, a stylish integrated fitted kitchen with ample space for a breakfast table, a modern three-piece suite bathroom and finally, three expansive double bedrooms one of which benefiting from a range of bespoke fitted units.
Further benefits include the original features found throughout the apartment, allocated parking and manicured communal gardens.
The Reeds Development is situated in Central Watford and is within walking distance to Watford Junction Station with its excellent 18 minute service into London Euston.
Both the M1 and A41 are easily accessible with the vibrant town centre with its array of shops, bars and restaurants close by. Available mid August on a furnished basis.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About 16, Andrew Reed Court, Watford
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