The Watford Property Blog

A great place for investors and homeowners to get updates on the local market as well as insider tips for selling, renting or managing your property.

How's The Market? (In Watford)

How’s the Market? (in Watford) Here’s a questions that I get asked more often than anything else. As I spend most of my time talking to landlords and investors I’ll consider my answer from their point if view which is more likely to as a buyer rather than as a vendor....

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Buy to Let opportunity on Chalk Hill – Watford

https://youtu.be/eFbVAbyo2tA Great opportunity for Buy To Let investors being advertised by the lovely people at Trend and Thomas. For full details jump onto rightmove - http://www.rightmove.co.uk/property-for-sale/property-52562241.html  

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£25.83bn – The total value of all Watford Property

“How much would it cost to buy all the properties in Watford?” This fascinating question was posed by the 11-year-old son of one of my Watford landlords before the Christmas break (doesn’t that seem an age away now!). I thought to myself, that over the Christmas...

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Watford OAP’s sitting on £5.23 bn of Property

Watford people aged over 65 currently hold more housing wealth in their homes than the annual GDP of the whole of Luton … and this is a problem for everyone in Watford! Many retiree’s want to move but cannot, as there is a shortage of such homes for mature people to...

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Watford Semi Detached House Prices rise by 441% in 20 years

The semi-detached house with its bay windows and net curtains has long been ridiculed as an emblem of safe, lacklustre and desperately uncool suburban life; the homes of the likes of Hyacinth Bucket in Keeping up Appearances and more latterly Alan Partridge – but they...

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Watford Property Market – Q4 Update

Well, hasn’t 2016 been eventful. The ups and downs of Brexit, the Queen’s 90th, Andy Murray winning Wimbledon, Trump, Bake Off to Channel 4 and something close to the hearts of every buy to let landlord and homeowner in Watford ... the Watford property market. So,...

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Grover Road (Bushey Station) VS Regent Street (Watford Junction)

I took a call from a local investor this week who was looking at two different properties and wanted a second opinion on them. He sent me the links to the two properties on Rightmove – which I’m happy for anyone considering a purchase to do – and asked me to weight up...

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Watford's Property Market – One Week After The Referendum

If you’re anything like me then your facebook feed is no doubt full of Brexit news, stories, anger or petition requests to get the vote re-counted and if I’m honest I’ve tried to avoid it for the last 24 hours as there is a lot of negativity going around.  Of course...

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Whippendell Road (WD18) Vs Judge Street (WD24)

One of my clients is looking to make an addition to her rental portfolio and had been looking at a number of properties over the last few months.  She’s not bothered about the increased stamp duty and based on discussions we had prior to the increase she was of the...

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What's going on with house prices in Watford?

Hello Landlords of Watford! It’s been a while since my last update so apologies to those who have missed my blog posts and thank you to those who have sent me a nice note and given me a bit of a kick up the backside to start writing some local information again! One...

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Has the Watford property market screeched to a halt?

Hot off the press Zoopla’s stats are out and have just come into my inbox. These figures include house price movement in the last 3, 6 & 12 months periods which is a handy way to gauge what’s going on in the Watford property market right now. Zoopla is great for stats...

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1 Bed Flat in West Watford with Potential

Check out this 1 bed flat available for sale in West Watford through Purple Bricks  for £235,000 This has caught my eye as the dates on the listing are strange.  It's newly listed today although it says open house on 12th December.  If I remember rightly this flat was...

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Which part of Watford do you wish you had bought in last year?

I was having a chat to a landlord this morning. It started the same way most of my conversations do at the moment. “Do you think of the Stamp Duty increase will affect buyers?” “Are you trying to buy more property before April?” “Are you waiting to see what happens...

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Can you get a great yield in Watford?

Following a recent conversation with a local landlord who was struggling to find a property in Watford with a great yield I asked another local landlord if they’d mind if I shared their recent success story and how they got a great yield in Watford. Although these...

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Lovely 2 bed maisonette on Grove Mill Lane, Watford

So I've just stumbled across this lovely property that is being marketed by Hamptons International (Rickmansworth) and have to say, I love it! Now does the fact the I love it make it a great buy to let investment?????  In a word........no.  However if like me you like...

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What does 2016 have in store for the Watford Property Market?

One week into January. Most of the decorations are down. The debauchery over Christmas has ended and people are starting to get their act together again. This might be health-wise, business-wise or perhaps investment-wise. I’ve had a number of calls in the last few...

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I give this 3 days in Watford's busy property market…..

Check out this 3 bed terrace listed today by the team at Elliot Residential..... Obviously needs some from the pictures and the description but I think you could do it without breaking the bank. Popular size house. Popular area - right next to the highly sought after...

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Could this be your next HMO in Watford?

One of the first properties I stumbled across this morning is this 3 bed semi-detached property being marketed by the guys at Open House. One quick look at the floor plan and I thought 'hmmm this might work as an HMO.' Here are the key contributing factors..... - 3...

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1 bed flat – 5.5% yield

I get quite a few calls from people with budgets around the £200k mark which these days doesn't fetch you much in Watford  That said, here's a nice example of an affordable 1 bed victorian conversion with off street parking being marketed by the lovely people at YOUR...

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Safe Buy To Let in North Watford – 4.5% yield

This is a typical terraced property being advertised by the lovely folks at Oak Estates. Now you may not get too excited about the 4.5% yield but in Watford that is pretty good as it's getting harder and harder to find properties with the elusive higher yields. This...

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Everything In Watford Rents!

Every so often I’m asked by a 1st time landlord “Will I find tenants for my property?” My answer to this question is always, without question, a big fat YES! I then proceed to tell the landlord that everything in Watford rents which leaves them looking a little...

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1 Bedroom Flat. Great Location in Watford. 4.8% yield

Just stumbled upon this 1 bed flat on Grosvenor Road Watford being marketed by Orchid Estate Agents. I'm not sure if the photos does it justice actually as I think this could be a lovely flat. As a conversion it looks like it's pretty spacious and I think £225,000 is...

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I Just Love Property! Especially The Watford Property Market.

I decided to go a little off piste today with this blog. There have been a couple of occasions in the last week where I’ve been asked both directly and indirectly “why?” I do what I do and what makes me tick? So here’s a relatively brief answer….. I’ve always been...

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Redevelopment in Watford…..How will it effect property?

This isn't my first post about redevelopment in Watford in it's more than likely it wont be my last with the £1.5 billion planned spend on our lovely town. Well....I say lovely....but it is tired in places so it's great news to hear that money is being spent on it....

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What About The Rental Yield In Watford?

https://www.youtube.com/watch?v=p10bBpyBqUY If you're not so keen on watching video blogs - especially if you're at work!  Please the write-up below..... Following last week’s article about property prices in Watford and how they had increased £1583 per month over the...

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WD18 Vs WD24 – Where would you invest?

I was having a chat with a first time property investor yesterday about where they should be spending their money when it comes to property investment in Watford. They weren’t that fussy about what type of property it was and had looked at a few different areas. They...

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2 bed flat – North Western Avenue – 5.7% yield

Ok so this flat is not the most attractive from the outside being advertised by Your Move but we have to remember as investors that we must buy with our heads and not our hearts. To be fair, this would probably look a hell of a lot better if the picture was taken on a...

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Auction Property – Vicarage Road – Watford!

Check out this opportunity.  3 bed terrace on vicarage road with plenty of potential. Listed yesterday with Marcus Barnard with an auction 'guide price' of £275,000. There are a couple of options for this property.  Refurnish and rent as a single let to a family....

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Good deals don't hang around long in Watford…

On the 14th of September I posted this opportunity for a buy to let investor: 1 Bed Flat in Holywell Road It looks like it's sold subject to contract already! For anyone that's been looking for a while this will come as no surprise.  In the current market you have to...

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Should I be getting more for my rental property in Watford?

Most weeks one of my blog readers will call me to talk about the Watford Property market and ask me about how much they should be receiving in rent for their existing rental property in Watford. I took a call last week from a local property investor who is doing all...

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Watford Property Prices Set To Increase 24.8%

There has been a fair bit of bad news recently for landlords, I’m mainly referring to the reduced tax relief on buy-to-let mortgages. I’m not going to write about this today as I’ve already mentioned it in another blog but it’s not all bad news for landlords at the...

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Is there an opportunity here? Brixton Road 2-3 beds.

People keep telling me they can't find the right property in Watford. But are you looking hard enough.... Is there some potential in this 2 bed terrace on Brixton Rd being advertised by Colin Dean for £325,000? Have a look at the full details here:  BRIXTON ROAD 2 BED...

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Shakespear St 4.6% Yield.

This is a nice property in great condition on Shakespear St.  WD24 being marketed by the guys at Harry Charles You could rent this out for £1,250 in it's current condition which would achieve you a 4.6% yield and you would rent it out very quickly.   It would seem...

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"I just can’t find a Buy-To-Let property deal in Watford!"

As you can imagine I speak to a fair few property investors and landlords each week to discuss the local market, what’s going on, where to buy and what to buy. The answer to these questions is different for everyone but it’s a fairly simple process to find your answer...

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Mortgage Interest Relief for Buy To Let Investors

OK.  So this isn't a post about the local market but whether you are currently an investor or thinking about becoming one this stuff REALLY is important! I've discussed this topic with a number of my landlords and to be honest it's best to have it explained by and...

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90 days in the Watford Property Market

I often get asked by investors, “So what’s going on in the Watford property market at the moment?” and sometime I’m not sure if they are prepared for my lengthy response!  But as I do get asked this question quite a lot I thought it might be worth having a look at the...

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Solid 2 bed terrace. 4.4% yield

If you are looking for high yields then this one probably isn't for you but there is plenty of potential for growth here with these terraced properties being so popular with both investors and first time buyers.  We could rent this easily for £1200 per month which...

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Gross Yield Vs Net Yield

I was talking about rental yields in Watford to a local landlord friend mine the other day who is a self-confessed accidental landlord.  He inherited his investment property from his parents who died a few years ago.  They lived in a typical 3-bed terrace on Benskin...

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1 bed flat in WD24 – Watford. 5.6% yield

Just having a look at this 1 bed flat in North Watford marketed by the folks at Taylors. Assuming you can achieve around £800 per month for the flat you would be looking at a 5.6% yield which is very good! Check out the full description on Rigthmove here: 1 Bed Flat -...

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Will development in Watford affect the local property market?

A few weeks ago I was invited to speak at a Barclays buy to let evening they were holding for their premier account holders. A number of property industry experts were invited to explain a little about what they do and how they could help the investors in the room. So...

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Flip this Watford property for a profit?

Although most of the conversations I tend to have are about rental yield, many of my client would love to flip properties too.  I just stumbled across this 4 bed house on Mildred Avenue which needs a complete refurb but has been priced accordingly.   If you are...

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1 Bed Flat in Yarmouth Rd – 5.6% yield!

Check out this great little buy to let property in Watford.  It's a very nice 1 bed flat being marketed by Imagine at £205,000. Based on the pictures alone I'd say you could achieve £950 per month for this one which gives you an appealing yield of 5.6%. Close to the...

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Watford properties show over 400% increase since 1996

There has been a lot of talk this year about the increase in value of properties in Watford and the surrounding areas. Not so long ago we looked at some interesting and current insights when comparing both 1 and 2 bed properties. But it has to be said that property...

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Chester Road WD18 VS Cecil Street WD24

Last week I took a call from one of my blog readers. Although she wanted to pick my brains about specific areas and where might be the best place for her to buy, she actually had very good local knowledge and knew a lot about the developments going on in town and some...

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Which properties are selling in Watford?

The newspapers are regularly filled with stories about how property prices are rocketing upwards, when will the next crash happen, how first time buyers are being priced out of the market. We love to read these stories because after our favourite topic of...

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Croxley Rail Link Green Light. Property Investors Red Light?

The Croxley Rail link is a hot topic locally and a subject that I have been discussing personally with Watford property investors for quite some time now. The big question for the landlords/investors I have been speaking to is what difference the project will make to...

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Great little property near Watford Junction just £265k

Check out this delightful little 2 bed terrace on Nevill Grove, WD24 being marketed by the people at Taylors. Its becoming more and more difficult to find terraces with this kind of price tag in this area and properties are being snapped up for £10k above the asking...

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Could this be your next HMO in Watford?

I was just having a browse on Rightmove to see what's out there and stumbled across this 3 bed house on Princes Avenue being marketed by the team at Elliots for £369,950. I seem to be getting asked a lot of questions about this type of property at the moment and...

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2 Bed Penthouse Flat in Central Watford. Just £259,950

This is a cracking little 2 bed 2 bath duplex apartment being marketed by Dey, King and Haria. This is right in the centre of town but also walking distance to the Junction Station so would rent out instantly. There is also a bit of a cache to being in a penthouse so...

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It’s all about the HMO’s in Watford

The Buy to Let market in Watford is booming at the moment but choosing the right property for you can be a bit of a minefield. HMO’s are something that I get asked about quite a lot and if you’re not familiar with the term it means ‘House in Multiple Occupation.’...

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Weekly Wednesday tax tips. Number 4.

You must insure your property with the right insurance. This is not simply buildings and contents insurance. It must be Landlord Insurance.  There are loads of options out there and a good broker will help you work out the right options for you. The great news is your...

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Quirky 3 bed flat on Water Lane. 6% yield

This 3 bed flat on water land is being marketed by Proffitt and Holt for £249,950 and for the money it looks like you get quite a lot of flat! That said it's hard to tell exactly what this place is like as there aren't enough photos! If you look at the floor plan then...

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Regent Street Terrace. 4.8% yield. Great buy!

Here's a great property to add to your buy to let portfolio that is being marketed by Quest for £310,000. This is a really decent sized terrace so the price is good. It's in a great area for rental, close to the station so appealing to professionals and would achieve...

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Watford, Watford, Watford! Why invest anywhere else?

If you’re a regular reader then you may have guessed by now that I’m passionate about my local area. I like to know what’s going on and where so I can pass this information onto my landlords/investors so they can make better informed decisions. One of the things I get...

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Weekly Wednesday tax tips. Number 3.

Maintenance costs are on the most frustrating things as a landlord but keeping on top of your maintenance will look after your property over the long term and look after your investment. Most maintenance costs can be claimed against your taxable income so don't worry...

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Lovely little terrace on Acme Road 4.8% yield

Here we have a staple Watford property investment being marketed by the good people at Connells. This type of property is very popular with investors due to it being freehold rather than leasehold so no service charges of course.  They are also very popular with...

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37% increase in average asking price for flats in Watford

If you’re not keeping a close eye on the property market at the moment and you own rental property in Watford then you could be in for a pleasant surprise when you get it valued. I bumped into a client of mine last week who has a couple of flats that we manage for him...

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3 bed terrace on Bradshaw Road – 5.3% Yield

Here we have a rare 2/3 bed terrace in a very popular area in Watford being marketed for £270,000 by Coopers. First these houses passed the £250k mark.  Now they have passed the £270k mark and are difficult to find for any less. This is a nice example of a popular...

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There are no ‘Flipping’ property deals in Watford!

Before I get any unhappy comments about the profanity in my headline I should tell you that this week I’m talking about flipping properties for profit. i.e. Buying, refurbishing (or not) and re-selling and making some money in the process. Hang on a minute I hear you...

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Wednesday Weekly Tax Tips. Number 1.

Welcome to our weekly Wednesday Tax Tips! Number 1:  The wear and tear allowance This is an allowance that HMRC offers landlords who have fully furnished properties to make it simpler to work out the cost of wear and tear in furnished properties. Note: the word...

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Have local investors missed the ‘Oxhey Village’ Boat?

Following my December Newsletter Simon, a local design consultant got in touch with me to ask about house prices in Oxhey Village.  He’d bought a property there in 2012 and said that prices appeared to have gone through the roof in that area. This got me thinking...

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2 bed flat off North Orbital Road. 6.3% yield

Whilst browsing the portals for some favourable Watford property investments I came across this 2 bed flat just off the North Orbital Road being marketed by Harry Charles for a steal at £179,950. It may not seem quite as attractive as some of the newly build 2 bed...

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2 bed flat in Nascot Wood. 5.6% yield

This is a lovely flat that has plenty of period features being marketed by the folks at Oak Estates for £289,950. I really don't think the pictures on this one do it any justice and would suggest if this is in your price bracket it could be well worth the investment....

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One excellent purchase for one lucky investor!

I posted this lovely property on Souldern Street up about 2 months ago that was on the market for sale @ £275,000. https://caleyandco.com/general/deal-of-friday-lovely-terraced-house-on/ It sold quickly and looks like it has made it's way back onto the rental market...

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3 Bed terrace on Judge Street. £279,950

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...

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2 bed semi in central Watford – 4.9% yield

This is a nice looking 2 bed semi being marketed by the purple army - Imagine. At first glance it might seem a little expensive for a 2 bed house but that's just the way prices are going at the moment! You could rent a property of this quality for £1,295 which gives...

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Merry Christmas

Just wanted to say thank you to all of the followers of this blog this year. We've had a frantic end to the year and will be closing down for a few days over Christmas so wish you all a very merry Christmas and a prosperous new year. I look forward to helping you all...

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What's the most popular housing stock in Watford?

Watford is full of investors looking for their next property to buy regardless of whether it’s a flat, small house or larger residence that they can chop up into rooms lets. It’s clear we are in an area where the property market is currently performing very well which...

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1 bed Flat. Leavesden Road. 6.2% yield!

This property is being marketed for £152,500 by a couple of agents including Imagine and McDonald and Lloyd. It's very simple.  It has already been refurbished so you could get a tenant straight in for a minimum of £795 giving this flat a nice yield of 6.2%....

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2 Bed Flat. 5.2% yield. Safe investment.

This is a nice flat in a nice block in a cracking location making it very easy to find quality professional tenants. It's being marketed by Imagine for £285,000 and was first listed a couple of weeks ago. As Christmas is coming up and people are thinking less about...

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Investing in Watford’s micro-community. The Square.

I was at a networking event this morning meeting new people as you do and bumped into one of my lovely local neighbours (hello Paul!). He lives in The Square in Watford, as do I, and we were discussing what a lovely little micro-community it was. It’s not an area you...

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1 Bed flat on Rochester Drive. Potential yield of 6.2%

Here's an interesting 1 bed investment opportunity being marketed by Your Move for £155,000.  It's for sale by informal tender which means you have to put a bid in within the next 6 days. If you can bag this for anywhere near the bargain guide price then you would get...

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2 bed flat near Watford Junction with an impressive 6% yield.

As flats go in Watford there are some lovely one and some ugly ones!  Both types can be good for investors. This flat is a good example of a middle of the range 2 bed flat that is offered for sale by Harry Charles for a VERY reasonable £210,000.  It would rent for...

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2 Bed Terrace on Garfield Srteet – 5% yield

With prices in Watford increasing rapidly it's getting tougher and tougher to get the yield out of these 2 bed terraces!  This one is being marketed by Dey, King and Haria for £285,000 which is at the top end of the 2 bed terrace price range in this area but it would...

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