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House Prices in WD25

The average house price in WD25 (Watford) is £303,750 using HM Land Registry data.

The average property price increased by £52,769 (18.51%) over the last 5 years and increased by £10,549 (2.94%) over the last 12 months.

Over the last year, there were 197 residential property sales – a decrease of 108 transactions (-54.82%) relative to the previous year. The majority of house sales (52) were in the £456,000 - £538,000 range. Then came properties in the £374,000 - £456,000 range, where 33 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 81 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,748 (-2%).

In June 2024, there were 52 new estate agency instructions, 33 agreed home sales and 30 property price reductions.

5-Year Average Property Prices in WD25 (Watford)

18.51%

Property prices in Watford increased by 18.51% 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 WD25 (Watford) Over the Last Year

2.94%

Property prices in Watford increased by 2.94% 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 WD25 (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 WD25 (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 WD25 (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 WD25 (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 WD25 (Watford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WD25 postcode area since 1995.

Recent Sales in WD25 (Watford)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
24 Mallard Way, Watford, Hertfordshire, WD25 9RP	£525,000	£500,000	-£25,000	02 Dec 2023	03 May 2024	153 Days
54 Harris Road, Watford, Hertfordshire, WD25 0AY	£385,000	£385,000	£00	23 Jan 2024	03 May 2024	101 Days
18 Cranefield Drive, Watford, Hertfordshire, WD25 9TX	£600,000	£575,000	-£25,000	08 Sep 2023	28 Mar 2024	202 Days
117 North Approach, Watford, Hertfordshire, WD25 0EP	£325,000	£315,000	-£10,000	20 Sep 2023	21 Mar 2024	183 Days
42 Orchard Avenue, Watford, Hertfordshire, WD25 7JG	£525,000	£525,000	£00	01 Nov 2023	19 Feb 2024	110 Days
23 Trevellance Way, Watford, Hertfordshire, WD25 0LY	£290,000	£290,000	£00	11 Aug 2023	14 Feb 2024	187 Days
3 Grasmere Close, Watford, Hertfordshire, WD25 7JH	£240,000	£235,000	-£5,000	28 Jun 2023	06 Feb 2024	223 Days
5 Widgeon Way, Watford, Hertfordshire, WD25 9UQ	£625,000	£617,000	-£8,000	05 Jul 2023	16 Jan 2024	195 Days
7 Holtsmere Close, Watford, Hertfordshire, WD25 9NG	£325,000	£315,000	-£10,000	16 Aug 2023	08 Jan 2024	145 Days
181 North Approach, Watford, Hertfordshire, WD25 0ES	£495,000	£475,000	-£20,000	16 Jun 2023	05 Jan 2024	203 Days
7 Chichester Way, Watford, Hertfordshire, WD25 9TY	£450,000	£435,000	-£15,000	14 Aug 2023	04 Jan 2024	143 Days
2 Woodgate, Watford, Hertfordshire, WD25 7DF	£500,000	£485,000	-£15,000	29 Apr 2023	19 Dec 2023	234 Days
11a, Fifth Avenue, Watford, Hertfordshire, WD25 9QF	£575,000	£560,500	-£14,500	29 Mar 2023	18 Dec 2023	264 Days
27 Hope Green, Watford, Hertfordshire, WD25 7HQ	£475,000	£450,000	-£25,000	21 Jul 2023	15 Dec 2023	147 Days
177 Briar Road, Watford, Hertfordshire, WD25 0HE	£445,000	£425,000	-£20,000	17 Aug 2023	15 Dec 2023	120 Days
37 Orchard Avenue, Watford, Hertfordshire, WD25 7JG	£600,000	£575,000	-£25,000	05 Aug 2023	08 Dec 2023	125 Days
16 Mallard Way, Watford, Hertfordshire, WD25 9RP	£575,000	£575,000	£00	19 Jul 2023	07 Dec 2023	141 Days
585 St Albans Road, Watford, Hertfordshire, WD25 9JL	£550,000	£550,000	£00	12 Oct 2023	06 Dec 2023	55 Days
25 East Drive, Watford, Hertfordshire, WD25 0AH	£450,000	£425,000	-£25,000	06 Jul 2023	01 Dec 2023	148 Days
14 Holbrook Gardens, Aldenham, Watford, Hertfordshire, WD25 8AB	£2,200,000	£1,943,750	-£256,250	11 Jan 2023	29 Nov 2023	322 Days

Most Expensive Streets in WD25 (Watford)

Postcode	Street	Area	Average	No. of Sales
WD25 8EX	Canter Close, Aldenham	Watford	£1,245,000	4
WD25 8EU	Stables End, Aldenham	Watford	£962,571	7
WD25 8FB	Palomino Place, Aldenham	Watford	£950,000	5
WD25 8AJ	Hilfield Lane, Aldenham	Watford	£918,333	6
WD25 9JQ	Bucknalls Lane	Watford	£826,666	3
WD25 0JL	The Shires, Garston	Watford	£816,550	5
WD25 0EB	Sheepcot Lane, Garston	Watford	£763,750	4
WD25 8EF	Back Lane, Letchmore Heath	Watford	£751,270	3
WD25 9NH	Bucknalls Lane	Watford	£727,000	5
WD25 7GA	Dowding Way, Leavesden	Watford	£712,082	12

Least Expensive Streets in WD25 (Watford)

Postcode	Street	Area	Average	No. of Sales
WD25 9PG	Beken Court	Watford	£143,027	18
WD25 0DD	Sheepcot Lane	Watford	£164,941	17
WD25 9AE	Ravenscroft	Watford	£180,000	3
WD25 9AG	Ravenscroft	Watford	£180,200	5
WD25 7DN	Bembridge Place	Watford	£181,166	6
WD25 9BJ	Rochester Drive	Watford	£196,472	9
WD25 0RP	The Gables, North Orbital Road	Watford	£210,500	9
WD25 9AR	Osprey Close	Watford	£212,277	9
WD25 7HG	Hunters Gate, Hunters Lane	Watford	£214,650	10
WD25 9AB	Ravenscroft	Watford	£215,300	5