We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · WD17 2AP
For saleListed 578 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary ** 60% shared ownership ** central watford location ** allocated parking space ** family bathroom & en-suite to master ** walking distance to station & amenities ** 3rd floor apartment ** modern interior throughout ** open plan reception room with modern integrated kitchen ** two double bedrooms ** description ** 60% shared ownership ** Connells are delighted to bring this immaculately presented third floor penthouse apartment that is situated in Central Watford.
The property offers modern interiors throughout and boasts an open plan reception room with modern integrated kitchen, two double bedrooms and a modern bathroom suite.
Benefits include an air filtration system, an en-suite to the master, a separate utility cupboard, a private enclosed balcony area, access to the communal roof terrace as well as allocated parking.
Ideal for first time buyers, the property is positioned with easy access to all Central Watford's amenities including Watford High Street and Watford Junction Station, Watford shopping centre with its array of eateries, amenities, entertainment and recreational facilities as well as Tesco supermarket and Waterside Retail Park.
For more information or to arrange a viewing, please contact Connells today. Communal Hallway Communal entrance, entry phone system, stairs and lifts to all floors.
Entrance Hall Front door, phone entry system, storage cupboard housing hot water tank, utility cupboard. Utility Cupboard Plumbing for washer/dryer.
Lounge / Kitchen 21' 7" max x 20' 2" max ( 6.58m max x 6.15m max ) Window to rear aspect, patio doors to covered balcony, radiator, telephone and television point.
Fitted kitchen comprising wall and base units, stainless steel sink and drainer, work surfaces, tiling to walls, integrated oven, hob, cooker hood, integrated dishwasher and fridge/freezer.
Bedroom One 18' 3" max x 9' max ( 5.56m max x 2.74m max ) Window to side aspect, LED room fan, radiator, telephone and television point, built in wardrobe, door leading to en-suite.
En-Suite Shower cubicle, vanity wash hand basin incorporating a low level WC, fully tiled walls, ceiling spotlights, shaver point, heated towel rail.
Bedroom Two 17' 7" max x 9' 9" ( 5.36m max x 2.97m ) Window to side aspect, built in wardrobes, radiator.
Bathroom Heated towel rail, bath and mixer taps with shower attachment over, vanity wash hand basin and low level WC, extractor fan, shaver point, partly tiled walls.
Outside Covered Balcony Communal Gardens Communal roof terrace. Parking Gated allocated parking space.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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
.png)
FAQ
About Flat 36, Rainbow House, 24, Water Lane, Watford
Explore nearby