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House Prices in WD24 House Prices in WD24 (Watford)

The average house price in WD24 (Watford) is £453,937 using HM Land Registry data.

The average property price increased by £56,274 (8.38%) over the last 5 years and increased by £11,276 (1.43%) over the last 12 months.

Over the last year, there were 184 residential property sales – a decrease of 94 transactions (-51.09%) relative to the previous year. The majority of house sales (36) were in the £310,000 - £380,000 range. Then came properties in the £380,000 - £450,000 range, where 35 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 107 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,028 (-2%).

In Oct 24, there were 52 new estate agency instructions, 39 agreed home sales and 31 property price reductions.

Nearby Postcodes: AL2, HA3, HA5, HA7, HP3, WD17, WD18, WD19, WD23, WD25, WD3, WD4, WD5, WD6, WD7

5-Year Average Property Prices in WD24 (Watford)

8.38%

Property prices in Watford increased by 8.38% 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 WD24 (Watford) Over the Last Year

1.43%

Property prices in Watford increased by 1.43% 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 WD24 (Watford) - Oct 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 WD24 (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 WD24 (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 WD24 (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 WD24 (Watford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WD24 postcode area since 1995.

Recent Sales in WD24 (Watford)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
16 Parker Street, Watford, Hertfordshire, WD24 5EZ£350,000£347,000-£3,00007 Jun 202422 Aug 202476 Days
14 Balmoral Road, Watford, Hertfordshire, WD24 4EP£435,000£435,000£0009 Apr 202426 Jul 2024108 Days
49 Bushey Mill Lane, Watford, Hertfordshire, WD24 7QX£600,000£592,500-£7,50020 Mar 202425 Jul 2024127 Days
48 Leavesden Road, Watford, Hertfordshire, WD24 5EE£365,000£355,000-£10,00019 Aug 202314 Jul 2024330 Days
2 Copsewood Road, Watford, Hertfordshire, WD24 5DZ£399,950£385,000-£14,95030 Sep 202305 Jul 2024279 Days
11 Oakdene Road, Watford, Hertfordshire, WD24 6RN£425,000£410,000-£15,00006 Feb 202419 Jun 2024134 Days
2 Parker Street, Watford, Hertfordshire, WD24 5EZ£425,000£415,000-£10,00008 Jan 202412 Jun 2024156 Days
28 Victoria Road, Watford, Hertfordshire, WD24 5AZ£340,000£315,000-£25,00021 Nov 202307 Jun 2024199 Days
126 Bradshaw Road, Watford, Hertfordshire, WD24 4DF£440,000£415,000-£25,00003 Apr 202407 Jun 202465 Days
152 Leggatts Way, Watford, Hertfordshire, WD24 5SJ£535,000£535,000£0029 Mar 202407 Jun 202470 Days
48 Tudor Drive, Watford, Hertfordshire, WD24 7NT£600,000£590,000-£10,00020 Feb 202405 Jun 2024106 Days
30 Tudor Avenue, Watford, Hertfordshire, WD24 7NX£600,000£590,000-£10,00002 Mar 202431 May 202490 Days
195b, Bushey Mill Lane, Watford, Hertfordshire, WD24 7TG£300,000£286,000-£14,00031 Jan 202428 May 2024118 Days
5 Tudor Drive, Watford, Hertfordshire, WD24 7NS£630,000£618,500-£11,50018 Sep 202323 May 2024248 Days
262 Bushey Mill Lane, Watford, Hertfordshire, WD24 7PF£650,000£625,000-£25,00028 Sep 202320 May 2024235 Days
58 Bushey Mill Crescent, Watford, Hertfordshire, WD24 7RD£525,000£518,000-£7,00025 Jan 202417 May 2024113 Days
Flat 5, Wellington House, Exeter Close, Watford, Hertfordshire, WD24 4BP£300,000£281,500-£18,50007 Nov 202317 May 2024192 Days
9 Norbury Avenue, Watford, Hertfordshire, WD24 4PL£630,000£618,000-£12,00023 Oct 202315 May 2024205 Days
52 Copsewood Road, Watford, Hertfordshire, WD24 5DX£400,000£395,000-£5,00016 Nov 202319 Apr 2024155 Days
5 Hillrise Avenue, Watford, Hertfordshire, WD24 7NP£470,000£455,000-£15,00004 Oct 202317 Apr 2024196 Days

Most Expensive Streets in WD24 (Watford)

PostcodeStreetAreaAverageNo. of Sales
WD24 7NUTudor AvenueWatford£663,9874
WD24 5FTAlmond CloseWatford£631,8577
WD24 7PFBushey Mill LaneWatford£631,6663
WD24 7NXTudor AvenueWatford£602,5717
WD24 7LNWoodmere AvenueWatford£578,3333
WD24 4LPRadlett RoadWatford£573,3333
WD24 7NSTudor DriveWatford£568,1666
WD24 7NTTudor DriveWatford£565,7147
WD24 5JXAshwell PlaceWatford£552,5004
WD24 7EQKnutsford AvenueWatford£546,7504

Least Expensive Streets in WD24 (Watford)

PostcodeStreetAreaAverageNo. of Sales
WD24 7DLSouthwold RoadWatford£179,8336
WD24 7FHSouthwold RoadWatford£184,0008
WD24 6LXGladesmere CourtWatford£186,5007
WD24 5AABaxter RoadWatford£188,8333
WD24 5GTCourtlands CloseWatford£190,0003
WD24 5GYCourtlands CloseWatford£192,6663
WD24 7DRSouthwold RoadWatford£201,6818
WD24 7PLChiswell Court, Sandown RoadWatford£204,2005
WD24 5GXCourtlands CloseWatford£208,3333
WD24 7PJChiswell Court, Sandown RoadWatford£213,6827

Explore WD24 (Watford) using map

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