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House Prices in WD18

The average house price in WD18 (Watford) is £735,333 using HM Land Registry data.

The average property price increased by £34,618 (4.84%) over the last 5 years and increased by £6,920 (0.85%) over the last 12 months.

Over the last year, there were 178 residential property sales – a decrease of 86 transactions (-48.31%) relative to the previous year. The majority of house sales (44) were in the £200,000 - £282,000 range. Then came properties in the £364,000 - £446,000 range, where 36 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 68 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,197 (-2%).

In June 2024, there were 57 new estate agency instructions, 41 agreed home sales and 38 property price reductions.

5-Year Average Property Prices in WD18 (Watford)

4.84%

Property prices in Watford increased by 4.84% 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 WD18 (Watford) Over the Last Year

0.85%

Property prices in Watford increased by 0.85% 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 WD18 (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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 WD18 (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 WD18 (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 WD18 (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 WD18 (Watford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WD18 postcode area since 1995.

Recent Sales in WD18 (Watford)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
44 Fearnley Street, Watford, Hertfordshire, WD18 0RD	£360,000	£339,000	-£21,000	05 Feb 2024	24 May 2024	109 Days
6 Cardiff Road, Watford, Hertfordshire, WD18 0DT	£370,000	£365,000	-£5,000	31 Jan 2024	10 May 2024	100 Days
31 St James Road, Watford, Hertfordshire, WD18 0DZ	£500,000	£500,000	£00	13 Sep 2023	19 Apr 2024	219 Days
7 Cassiobridge Road, Watford, Hertfordshire, WD18 7QL	£400,000	£394,000	-£6,000	16 Oct 2023	02 Apr 2024	169 Days
83 Charlock Way, Watford, Hertfordshire, WD18 6JT	£450,000	£420,000	-£30,000	09 Nov 2023	28 Mar 2024	140 Days
321 Vicarage Road, Watford, Hertfordshire, WD18 6JD	£400,000	£400,000	£00	10 Nov 2023	28 Mar 2024	139 Days
18 Brightwell Road, Watford, Hertfordshire, WD18 0SH	£300,000	£249,000	-£51,000	25 Jul 2019	20 Mar 2024	1700 Days
7 Healey Road, Watford, Hertfordshire, WD18 6JX	£500,000	£466,000	-£34,000	19 Jul 2023	09 Feb 2024	205 Days
22 Mildred Avenue, Watford, Hertfordshire, WD18 7DZ	£700,000	£680,000	-£20,000	05 Jun 2023	06 Feb 2024	246 Days
94 Kensington Avenue, Watford, Hertfordshire, WD18 7RY	£470,000	£455,000	-£15,000	27 Sep 2023	26 Jan 2024	121 Days
169 Croxley View, Watford, Hertfordshire, WD18 6PD	£450,000	£445,000	-£5,000	31 Aug 2023	26 Jan 2024	148 Days
7 Addiscombe Road, Watford, Hertfordshire, WD18 0ND	£425,000	£415,000	-£10,000	27 Sep 2023	22 Jan 2024	117 Days
25 Healey Road, Watford, Hertfordshire, WD18 6JX	£500,000	£485,000	-£15,000	09 Aug 2023	18 Jan 2024	162 Days
26b, Benskin Road, Watford, Hertfordshire, WD18 0HW	£349,950	£335,000	-£14,950	10 Jul 2023	21 Dec 2023	164 Days
Flat 8, Maddison Heights, Chiltern Close, Watford, Hertfordshire, WD18 7AE	£172,500	£172,500	£00	12 May 2023	20 Dec 2023	222 Days
3 Hugo Close, Watford, Hertfordshire, WD18 7BD	£599,950	£591,000	-£8,950	08 Sep 2023	18 Dec 2023	101 Days
Flat 7, Denham Place, Park Avenue, Watford, Hertfordshire, WD18 7HA	£225,000	£222,500	-£2,500	18 Jan 2023	15 Dec 2023	331 Days
63 Euston Avenue, Watford, Hertfordshire, WD18 7SZ	£425,000	£410,000	-£15,000	19 Sep 2023	15 Dec 2023	87 Days
344 Vicarage Road, Watford, Hertfordshire, WD18 6JG	£450,000	£430,000	-£20,000	28 Apr 2023	15 Dec 2023	231 Days
16 The Roundway, Watford, Hertfordshire, WD18 6LB	£525,000	£525,000	£00	14 Jun 2023	08 Dec 2023	177 Days

Most Expensive Streets in WD18 (Watford)

Postcode	Street	Area	Average	No. of Sales
WD18 7JD	Rickmansworth Road	Watford	£861,500	4
WD18 7DZ	Mildred Avenue	Watford	£838,125	4
WD18 7LG	Gade Avenue	Watford	£785,833	3
WD18 7DX	Mildred Avenue	Watford	£761,500	4
WD18 7LL	Swiss Avenue	Watford	£698,642	7
WD18 7AT	Malkin Way	Watford	£675,375	4
WD18 7LN	Swiss Avenue	Watford	£670,000	3
WD18 7HP	Park Avenue	Watford	£651,250	4
WD18 7DU	Mildred Avenue	Watford	£595,083	6
WD18 7PT	Whippendell Road	Watford	£588,750	4

Least Expensive Streets in WD18 (Watford)

Postcode	Street	Area	Average	No. of Sales
WD18 0QS	Homemanor House, Cassio Road	Watford	£116,833	15
WD18 7HN	Copperdale Court, The Gateway	Watford	£143,333	3
WD18 7DD	Raven Close	Watford	£150,625	4
WD18 6UT	Flaunden House, Chenies Way	Watford	£171,833	3
WD18 7BW	Turin House, Venice Avenue	Watford	£175,000	4
WD18 7QP	Argyle Court	Watford	£181,500	4
WD18 6GH	Jersey House, Scammell Way	Watford	£185,750	4
WD18 6GU	Farne House, Scammell Way	Watford	£188,333	3
WD18 0JL	Upton Road	Watford	£193,833	3
WD18 0PD	Market Street	Watford	£199,166	3