2-bedroom flat · WD18 0LE
To rentListed 24 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Maxwell Estates are please to present this stunning new 2-bedroom first floor apartment in Watford.
The property features an open-plan kitchen, living area, a well-equipped bathroom and a large terrace.
Waterside at Riverwell is situated on Thomas Sawyer Road, alongside the River Colne and less than two miles by car from Watford town centre.
The property is located less than 20 minutes’ walk from the town’s commercial heart and main shopping centre: Atria Watford.
Well-known and independent retailers can also be found in the roads surrounding the mall, including along High Street, Queen’s Road and St Albans Road.
Key features: 2 bedroom Open plan kitchen and reception Integrated kitchen appliances Unfurnished Building concierge Audio visual door entry system Lift access Exclusive on-site gym One allocated parking space in secure carpark Rent: £1,950pcm Deposit: £2,250 Available 27 November 2026 For properties in England, the Tenant Fees Act 2019 means that in addition to rent, lettings agents can only charge tenants (or anyone acting on the tenant's behalf) the following permitted payments: Holding deposits (a maximum of 1 week's rent); Deposits (a maximum deposit of 5 weeks' rent for annual rent below £50,000, or 6 weeks' rent for annual rental of £50,000 and above); Payments to change a tenancy agreement eg.
Change of sharer (capped at £50 or, if higher, any reasonable costs); Payments associated with early termination of a tenancy (capped at the landlord's loss or the agent's reasonably incurred costs); Where required, utilities (electricity, gas or other fuel, water, sewerage), communication services "telephone, internet, cable/satellite television), TV licence; Council tax (payable to the billing authority); Interest payments for the late payment of rent (up to 3% above Bank of England's annual percentage rate);
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.
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 advisors 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 8 Springwell Apartments, Colnebank Drive, Hertfordshire
Explore nearby