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House Prices in WD17

The average house price in WD17 (Watford) is £489,083 using HM Land Registry data.

The average property price increased by £42,796 (20.44%) over the last 5 years and increased by £8,556 (3.2%) over the last 12 months.

Over the last year, there were 153 residential property sales – a decrease of 98 transactions (-64.05%) relative to the previous year. The majority of house sales (59) were in the £210,000 - £376,000 range. Then came properties in the £376,000 - £542,000 range, where 21 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 87 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-33,032 (-4%).

In June 2024, there were 47 new estate agency instructions, 40 agreed home sales and 29 property price reductions.

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.

Property Market Heat Gauge for WD17 (Watford) - June 2024

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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
6 Manor Road, Watford, Hertfordshire, WD17 4PX	£899,995	£899,995	£00	30 Apr 2024	10 May 2024	10 Days
1 Franklin Road, Watford, Hertfordshire, WD17 1QD	£450,000	£435,000	-£15,000	12 Dec 2023	27 Mar 2024	106 Days
12 Stanley Road, Watford, Hertfordshire, WD17 2QU	£600,000	£565,000	-£35,000	13 Oct 2023	15 Mar 2024	154 Days
Flat 5, Malden Lodge, Alexandra Road, Watford, Hertfordshire, WD17 4BS	£280,000	£242,000	-£38,000	14 Jun 2023	15 Feb 2024	246 Days
25 Tunnel Wood Close, Watford, Hertfordshire, WD17 4SW	£1,150,000	£1,000,000	-£150,000	05 Jul 2023	01 Feb 2024	211 Days
35 Park Road, Watford, Hertfordshire, WD17 4QW	£1,400,000	£1,400,000	£00	12 Jan 2024	12 Jan 2024	0 Days
100 Ridge Lane, Watford, Hertfordshire, WD17 4SY	£900,000	£850,000	-£50,000	21 Sep 2023	10 Jan 2024	111 Days
3 Gartlet Road, Watford, Hertfordshire, WD17 2PU	£325,000	£317,000	-£8,000	05 Jul 2023	01 Dec 2023	149 Days
87 The Ridgeway, Watford, Hertfordshire, WD17 4WJ	£925,000	£875,000	-£50,000	03 Feb 2023	01 Dec 2023	301 Days
Flat 7, Roseberry Court, Grandfield Avenue, Watford, Hertfordshire, WD17 4PQ	£365,000	£330,000	-£35,000	16 May 2023	20 Nov 2023	188 Days
91 Estcourt Road, Watford, Hertfordshire, WD17 2PY	£450,000	£445,000	-£5,000	14 Jun 2023	24 Oct 2023	132 Days
56 Estcourt Road, Watford, Hertfordshire, WD17 2PZ	£500,000	£487,900	-£12,100	05 Jul 2023	23 Oct 2023	110 Days
57 Tunnel Wood Road, Watford, Hertfordshire, WD17 4GD	£999,950	£984,000	-£15,950	04 Apr 2023	13 Oct 2023	192 Days
14 Canterbury Road, Watford, Hertfordshire, WD17 1QT	£650,000	£625,000	-£25,000	15 May 2023	04 Oct 2023	142 Days
91 Harford Drive, Watford, Hertfordshire, WD17 3DQ	£1,350,000	£1,350,000	£00	27 Feb 2023	26 Sep 2023	211 Days
25 Denmark Street, Watford, Hertfordshire, WD17 4YA	£575,000	£575,000	£00	27 May 2023	08 Sep 2023	104 Days
30 Nascot Street, Watford, Hertfordshire, WD17 4RB	£640,000	£630,000	-£10,000	27 Jan 2023	07 Sep 2023	223 Days
Flat 12, Malden Lodge, Alexandra Road, Watford, Hertfordshire, WD17 4BS	£150,000	£142,500	-£7,500	15 Aug 2022	06 Sep 2023	387 Days
14 Elton Park, Watford, Hertfordshire, WD17 4NW	£230,000	£215,000	-£15,000	01 Apr 2023	31 Aug 2023	152 Days
252 Cassiobury Drive, Watford, Hertfordshire, WD17 3AP	£800,000	£765,000	-£35,000	30 Jan 2023	31 Aug 2023	213 Days

Most Expensive Streets in WD17 (Watford)

Postcode	Street	Area	Average	No. of Sales
WD17 3HE	Hempstead Road	Watford	£1,255,833	3
WD17 4NZ	Stratford Road	Watford	£1,189,166	3
WD17 4DU	Rounton Close	Watford	£1,148,750	4
WD17 3AD	Cassiobury Drive	Watford	£1,116,666	3
WD17 3HF	Hempstead Road	Watford	£1,095,166	6
WD17 3AN	Cassiobury Drive	Watford	£1,067,333	3
WD17 3DD	Devereux Drive	Watford	£1,067,260	5
WD17 3BQ	Richmond Drive	Watford	£1,060,000	3
WD17 3BP	Trefusis Walk	Watford	£1,048,333	3
WD17 3BX	Woodland Drive	Watford	£1,043,333	3

Least Expensive Streets in WD17 (Watford)

Postcode	Street	Area	Average	No. of Sales
WD17 2NU	Lower High Street	Watford	£114,250	6
WD17 4PZ	Heathdene Manor	Watford	£134,357	14
WD17 1DF	St Johns Road	Watford	£137,587	4
WD17 2DB	Crosfield Court 244-248, Lower High Street, Watford	Watford	£139,208	24
WD17 4BS	Malden Lodge, Alexandra Road	Watford	£171,900	5
WD17 1JY	Clarendon Road	Watford	£197,444	18
WD17 4QE	Salters Gardens	Watford	£197,600	5
WD17 2AQ	Hemingford Court, Gartlet Road	Watford	£216,916	6
WD17 2RD	Queens Place	Watford	£220,750	4
WD17 3AF	Hempstead Road	Watford	£225,666	18