Watford is a cosmopolitan town which is popular with younger tenants and commuters. Our tenants range from the age of 21 upwards with an average age of 36. It is an ideal location for first time movers as it is cheaper than neighbouring towns and has a younger feel.
Watford boasts fantastic transport links, with easy access to the M25 and M1 motorways and fast trains into London Euston from Watford Junction station taking around 20 minutes. There is also a metropolitan line station in Cassiobury Park which goes straight into London Baker Street. These transport links make it a great location for those looking to move out of London and for those who commute.
Watford is also popular with families as it has such fantastic primary and secondary schools. Nascot Wood and Cassiobury are very popular at junior level and Watford Boys and Girls Grammar schools are very sought after senior schools.
Watford features vast shopping and dining opportunities with the Intu Watford shopping centre which is to be further improved by 2016 with re-development of the market and the opening of an Imax cinema complex. There are a wide range of restaurants and bars meaning that there is plenty of evening entertainment here.
It is also a great town for sports fans. Vicarage Road, the home of Watford FC and also the Fullerians RFC ground are located here as well as the prestigious Grove Hotel which features a PGA standard golf course as well as fabulous spa facilities, beautiful grounds, and restaurants for fine dining.
Watford is a perfect location for Landlords looking to purchase a rental investment. There are a selection of modern 1 and 2 bed apartments which let quickly meaning minimal void periods and higher average yields. Typical 1 bedroom apartments in Watford start from £165,000 to buy and can be rented from £750pcm giving a 5.5% gross yield. Standard 2 bedroom properties in Watford town start from £265,000 and rent for approximately £1150pcm giving just over a 5% gross yield.
At the higher end of the rentals market houses on sought after roads such as Hempstead Road can be rented for around £2500 to £3500pcm and are ideal for families who are looking to take advantage of the fantastic local schools.
78 properties were on the market to let in Watford during August and 74,000 searches were made on Rightmove for rental property in this same area. This just shows how in demand properties in this Watford are and what a great investment opportunity there is to be had here.
If you would like more information please contact our Sales or Lettings experts on 01923 601404 or visit our website
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