2-bedroom flat · WD24 6LX
Under offerListed 39 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Gladesmere Court stands on St Albans Road, in the heart of North Watford, a position that makes the everyday straightforward.
Watford North station is close at hand for the Abbey Line across to St Albans, while Watford Junction, a little further along the same road, carries fast services into London Euston in under twenty minutes.
The M1 and the M25 are both within easy reach, and buses run the length of St Albans Road into the town centre throughout the day.
The development itself was built in the early 1990s and is arranged around communal gardens that are properly kept, mature and quietly cared for rather than simply maintained.
The apartment has its own allocated parking space within the development, and is offered in move-in condition, which is to say there is nothing here that asks anything of you on the first day.
Beyond the well-kept communal hallways, the front door opens into an entrance hall that turns gently on itself, an almost s-shaped plan giving every room its own approach, with a genuinely useful storage cupboard immediately to the right.
The open-plan lounge and dining room is the focal point of the apartment, measuring 23'10" x 12'9", with a bay window drawing light deep into the room through the course of the day.
The palette is off-white throughout and the flooring a neutral wood-effect underfoot, so while the present owners have clearly put their own stamp on the space, it remains ready to become something else entirely.
The proportions allow for a television on one side of the bay and a full furniture suite on the other, and a breakfast bar has been cleverly introduced to give the dining end its own defined zone.
The kitchen sits tucked into a nook off the hallway, contemporary and considered: Deep navy cabinetry with matte black hardware and light oak worktops, white tiling carried around the full boundary of the area, and an abstract monochrome floor beneath.
An induction hob sits below an extractor, with spot lighting above and space for a freestanding washer/dryer.
Two well-proportioned bedrooms follow, the principal measuring 15'2" x 8'10", the second a good single that would serve equally as a guest room, a child's room or a study, and which comes with fitted cabinetry already in place.
The family bathroom completes the plan, finished in white herringbone tiling with a bath and overhead shower. EPC Rating: C
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.
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About 23 Gladesmere Court, Watford
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