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House Prices in WD17 House Prices in WD17 (Watford)

The average house price in WD17 (Watford) is £314,500 using HM Land Registry data.

The average property price increased by £63,953 (20.44%) over the last 5 years and increased by £12,814 (3.2%) over the last 12 months.

Over the last year, there were 150 residential property sales – a decrease of 77 transactions (-51.33%) relative to the previous year. The majority of house sales (50) were in the £160,000 - £368,000 range. Then came properties in the £368,000 - £576,000 range, where 30 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 114 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-31,527 (-4%).

In Dec 24, there were 37 new estate agency instructions, 14 agreed home sales and 13 property price reductions.

Nearby Postcodes: AL2, HA3, HA5, HA6, HA7, HP3, HP5, HP6, HP8, SL9, UB9, WD18, WD19, WD23, WD24, WD25, WD3, WD4, WD5, WD6, WD7

5-Year Average Property Prices in WD17 (Watford)

20.44%

Property prices in Watford increased by 20.44% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in WD17 (Watford) Over the Last Year

3.2%

Property prices in Watford increased by 3.2% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for WD17 (Watford) - Dec 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in WD17 (Watford)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in WD17 (Watford)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in WD17 (Watford)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the WD17 (Watford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WD17 postcode area since 1995.

Recent Sales in WD17 (Watford)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
55 The Gardens, Watford, Hertfordshire, WD17 3DN£1,190,000£1,150,000-£40,00022 Mar 202412 Nov 2024235 Days
40 Sutton Road, Watford, Hertfordshire, WD17 2QF£415,000£397,500-£17,50008 Jul 202412 Nov 2024127 Days
63 Cassiobury Drive, Watford, Hertfordshire, WD17 3AD£850,000£820,000-£30,00002 Jul 202422 Oct 2024112 Days
55a, Ridge Lane, Watford, Hertfordshire, WD17 4SX£1,150,000£1,150,000£0012 Apr 202410 Oct 2024181 Days
316 Cassiobury Drive, Watford, Hertfordshire, WD17 3AW£1,050,000£1,035,000-£15,00019 Dec 202302 Oct 2024288 Days
32 Rosecroft Drive, Watford, Hertfordshire, WD17 4JQ£795,000£740,000-£55,00004 Jun 202418 Sep 2024106 Days
23 Nascot Street, Watford, Hertfordshire, WD17 4YB£675,000£650,000-£25,00018 Mar 202412 Sep 2024178 Days
Armand House, Nascot Wood Road, Watford, Hertfordshire, WD17 4SD£1,125,000£1,100,000-£25,00006 Jun 202411 Sep 202497 Days
40 Nascot Street, Watford, Hertfordshire, WD17 4RB£550,000£550,000£0001 Jul 202430 Aug 202460 Days
2 Gartlet Road, Watford, Hertfordshire, WD17 2PU£330,000£330,000£0030 Oct 202316 Aug 2024291 Days
304 Cassiobury Drive, Watford, Hertfordshire, WD17 3AP£985,000£915,000-£70,00005 Feb 202419 Jul 2024165 Days
36 Stratford Way, Watford, Hertfordshire, WD17 3DL£1,400,000£1,340,000-£60,00031 May 202309 Jul 2024405 Days
24 Wentworth Close, Watford, Hertfordshire, WD17 4LW£615,000£595,000-£20,00007 Nov 202308 Jul 2024244 Days
18 Devereux Drive, Watford, Hertfordshire, WD17 3DE£1,365,000£1,325,000-£40,00003 Nov 202305 Jul 2024245 Days
20 Woodland Drive, Watford, Hertfordshire, WD17 3BX£1,500,000£1,435,000-£65,00012 Jun 202428 Jun 202416 Days
23 Bromet Close, Watford, Hertfordshire, WD17 4LP£400,000£385,000-£15,00021 Nov 202325 Jun 2024217 Days
75 Parkside Drive, Watford, Hertfordshire, WD17 3AU£1,275,000£1,250,000-£25,00012 Dec 202330 May 2024170 Days
10 Lingfield Way, Watford, Hertfordshire, WD17 4UW£1,200,000£1,125,000-£75,00009 Oct 202315 May 2024219 Days
6 Manor Road, Watford, Hertfordshire, WD17 4PX£899,995£899,995£0030 Apr 202410 May 202410 Days
55 Nascot Wood Road, Watford, Hertfordshire, WD17 4SJ£1,650,000£1,625,000-£25,00022 Dec 202319 Apr 2024119 Days

Most Expensive Streets in WD17 (Watford)

PostcodeStreetAreaAverageNo. of Sales
WD17 3HEHempstead RoadWatford£1,255,8333
WD17 4NZStratford RoadWatford£1,189,1663
WD17 4DURounton CloseWatford£1,160,0006
WD17 3DEDevereux DriveWatford£1,155,6254
WD17 3DNThe GardensWatford£1,147,1663
WD17 3BXWoodland DriveWatford£1,141,2504
WD17 3AACassiobury DriveWatford£1,093,6663
WD17 4SWTunnel Wood CloseWatford£1,075,0004
WD17 3ANCassiobury DriveWatford£1,067,3333
WD17 3DDDevereux DriveWatford£1,067,2605

Least Expensive Streets in WD17 (Watford)

PostcodeStreetAreaAverageNo. of Sales
WD17 2NULower High StreetWatford£114,2506
WD17 1DFSt Johns RoadWatford£129,2705
WD17 2DBCrosfield Court 244-248, Lower High Street, WatfordWatford£129,50024
WD17 4PZHeathdene ManorWatford£137,75012
WD17 4BSMalden Lodge, Alexandra RoadWatford£171,9005
WD17 4QESalters GardensWatford£196,0003
WD17 1JYClarendon RoadWatford£199,10519
WD17 1PBWoodford RoadWatford£202,9166
WD17 2RDQueens PlaceWatford£220,7504
WD17 3AFHempstead RoadWatford£223,25016

Explore WD17 (Watford) using map

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