It would appear that terraces of this proportion are going for this kind of price now and actually if you look at some of the others on the market this on is at the cheaper end of the scale.
It’s being marketed by Oak Estates as 3 bed property for £279,000 but it really a 2/3 bed house as the 3rd bed is off the second.
Don’t let that stop you as there are loads of houses like that in this area and people expect it. The 3rd room can work well for small families with young children or it can be used as a dressing room. I’ve seen examples of both all over Watford and have no problem renting these houses out.
This house is also in a great location to appeal to commuters just a stones throw from Watford Junction.
The upstairs needs a bit of neutralisation as it looks like someones gone a bit crazy with the pink paint but this would be inexpensive and help maximise the rental return to around £1,195 per month.
This gives the property a yield of 5.1% which is a decent yield for a freehold terrace in Watford.
Here is the full listing. The pics are not great so get yourself down there and have a look. This one wont stay on the market for long.
If you’d like to discuss this property or any other property in the local area then give me a call. My advice or opinion is completely free as I have plenty of time to make money in the future working with investors and helping them let their rental properties.
James Caley – 01923 375 300