1-bedroom flat · WD18 0GZ
For saleListed 292 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Chain Free modern one-bedroom apartment in the popular Riverwell development (built circa 2019) with a spacious open-plan layout and large balcony.
Conveniently located within minutes of Watford General Hospital and excellent transport links. Ideal for first-time buyers or investors, close to local amenities and excellent links.
Chain Free | Modern Development | Excellent Location This well presented one-bedroom apartment is situated within the popular Riverwell development, offering contemporary living in a highly convenient location close to local amenities and transport links.
The property features a spacious double bedroom, a modern open-plan kitchen and living area, a well-proportioned bathroom, and an exceptionally large private balcony, ideal for outdoor seating and entertaining.
Key Features Chain free One double bedroom Open-plan kitchen/living area Large private balcony Modern bathroom Close to local amenities Leasehold Location Approximately 2-minute walk to Watford General Hospital Close to Watford Junction, Watford High Street and Bushey Station as well as Watford Metropolitan Station Easy access to shops, cafes, and local amenities Additional Information Council Tax Band: C (Watford Council) Tenure: Leasehold Lease Length: Approximately 244 years remaining (250 years from December 2020) Service Charge: Approximately £720 for six months (based on last year) Ground Rent: £250 per annum The vendor has provided the above information, and while we have not seen documented evidence at this stage, all details and measurements will be verified shortly.
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 Flat 17, Oak Lodge, Riverwell Close, Watford
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