3-bedroom flat
For saleListed 1 day
Opportunity summary
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About
The Exchange Watford is a contemporary residential development by Berkeley Group, bringing together modern apartment living, landscaped outdoor spaces and an impressive collection of residents’ amenities in a well-connected Hertfordshire location.
The development has been designed around the town’s growth as an exciting destination in its own right, reflecting its strong connections with Central London and beyond.
Combining contemporary architecture with thoughtfully planned communal spaces, landscaped gardens and distinctive art installations, The Exchange creates a residential setting that brings the convenience of city living to Watford.
The Exchange is a sophisticated collection of studio, one, two and three-bedroom apartments set within a series of striking contemporary buildings, designed to reflect Berkeley Group’s commitment to quality and contemporary living.
The apartments feature contemporary finishes, practical layouts and modern conveniences, with specifications varying between phases.
Dart House kitchens feature woodgrain-effect wall cabinets with soft-close mechanisms, matt-finish base and tall units, feature open shelving, quartz worktops and matching upstands.
Union Court kitchens feature matt-finish cabinetry, stone worktops and upstands, matt-black feature open shelving and under-cabinet lighting.
Both phases include a freestanding washer-dryer in a utility cupboard and compartmentalised waste storage.
Bathroom specifications include a white steel bath with a clear glass screen and niche shelving, a countertop wash basin with a wall-mounted chrome tap, chrome overhead and handheld showers, a heated towel rail and contemporary tiled finishes.
Dart House features porcelain clay-effect wall and floor tiles, while Union Court includes feature marble-effect wall tiles and stone-effect wall and floor tiles.
Interior finishes include luxury flooring to living, dining, kitchen and hallway areas, solid wood entrance doors and contemporary lighting, with fitted carpets to bedrooms specified in Dart House.
Glazed doors or sliding doors provide access to balconies and terraces where included in the individual apartment design.
Residents benefit from an extensive range of amenities located within Dart House, including a 24-hour concierge, gym, cinema and screening room, business lounge and meeting room.
Landscaped gardens, green spaces and outdoor communal areas provide places to relax and socialise, while approximately 15,000 sq ft of commercial space contributes to the wider development.
The combination of residents’ facilities, contemporary interiors and shared outdoor spaces creates opportunities to work, exercise and unwind close to home.
The development is ideally positioned for access to Watford Junction, approximately four minutes’ walk away, with direct rail services to London Euston in under 20 minutes and some journeys advertised at around 16 minutes.
This connectivity makes The Exchange particularly appealing to London commuters seeking more space without compromising access to the capital.
Watford also benefits from road connections via the M1, M25 and A41, alongside local bus services and walking and cycling routes.
The town centre is approximately 17 minutes’ walk away, providing access to a broad selection of shops, independent cafés, restaurants, bars and everyday amenities.
Atria Watford offers an extensive retail and leisure destination, while Watford Palace Theatre and other local entertainment venues contribute to the town’s cultural offering.
Living in Watford offers a balance between commuter convenience, established town-centre amenities and access to green open spaces.
Situated just outside North London in Hertfordshire, the town has developed into an increasingly popular destination for professionals, first-time buyers and families seeking a more spacious lifestyle while remaining connected to London.
Cassiobury Park, one of Hertfordshire’s largest public parks, offers woodland walks, open green spaces, sports facilities and family-friendly attractions, while the nearby Grand Union Canal provides opportunities for waterside walks and cycling.
The Grove, with its hotel, golf, spa and dining facilities, and Warner Bros. Studio Tour London are also within reach.
Watford benefits from established schools, major employers, a strong local economy and ongoing regeneration, supporting its appeal as a place to live and work.
With shopping, dining, leisure and transport links close at hand, The Exchange Watford combines contemporary apartment living with the practical benefits of a well-connected Hertfordshire town
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
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FAQ
About Penn Road, London
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