Studio flat · WD17 1ND
Listing removedListed 144 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description Palace Apartments stands out as a contemporary residential development that offers a diverse selection of living spaces, including studios, one-bedroom, and two-bedroom apartments.
Strategically positioned in the bustling heart of Watford Town Centre, residents benefit from the convenience of being a few meters away from popular attractions such as Cineworld, Hollywood Bowl, and the Intu Shopping Centre.
This proximity ensures easy access to a plethora of entertainment options and retail outlets, catering to a wide range of preferences and interests.
Moreover, the apartments enjoy a prime location that provides residents with seamless access to an array of dining establishments, bars, shops, and fitness centres.
This variety ensures that individuals with different tastes and lifestyles can find amenities that suit their needs within close proximity.
For those reliant on public transportation, The apartments offers exceptional accessibility, with both Watford Junction and Watford High Street stations located less than a mile away.
Notably, Watford Junction station facilitates swift train connections to London Euston in under 20 minutes, making it an ideal choice for commuters seeking efficient travel options.
In terms of security and convenience, the development boasts secure video entry systems, enhancing residents' peace of mind.
Each apartment within The Parade is meticulously designed to offer a comfortable living experience, featuring balconies or terraces for outdoor relaxation, fully fitted kitchens equipped with integrated appliances for culinary convenience, and bathrooms adorned with elegant tiling and underfloor heating for a touch of luxury.
Furthermore, the bedrooms are equipped with fitted wardrobes to optimise storage space and are carpeted for comfort, while the remaining living areas showcase stylish wooden flooring, creating a modern and inviting ambiance throughout the living spaces.
This attention to detail ensures that residents can enjoy a contemporary and sophisticated living environment.
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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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Flat 4 Palace Apartments 49-53, The Parade, Watford
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