Rainbow House, Water Lane - WD17 2AP
Key Building Insights
Rainbow House, Water Lane is a residential building situated on Water Lane, Watford, WD17 with 62 addresses.
It ranks as the 498th largest and 10th most expensive of the 507 buildings in the WD17 area. The most common property type is a modern flat built after 1980.
The building contains a total of 62 properties: 62 flats.
- Ave. Sale Price
- £143,206
- 10 Year change
- down 9.8%
- Ave. Rental Price
- £791pcm
- 10 Year change
- up 28.3%
- Ave. £ per ft²
- £215/ft²
- Ave. Gross Yield
- 6.6%/year/yr
Key Building Insights
Rainbow House, Water Lane is a residential building situated on Water Lane, Watford, WD17 with 62 addresses.
It ranks as the 498th largest and 10th most expensive of the 507 buildings in the WD17 area. The most common property type is a modern flat built after 1980.
The building contains a total of 62 properties: 62 flats.
- Ave. Sale Price
- £143,206
- 10 Year change
- down 9.8%
- Ave. Rental Price
- £791pcm
- 10 Year change
- up 28.3%
- Ave. £ per ft²
- £215/ft²
- Ave. Gross Yield
- 6.6%/year/yr
Explore Propertieson Water Lane, Watford, WD17
- Flat 1, Rainbow House 24 Water Lane
2 Bed Modern Flat
- Flat 2, Rainbow House 24 Water Lane
2 Bed Modern Flat
- Flat 3, Rainbow House 24 Water Lane
2 Bed Modern Flat
- Flat 4, Rainbow House 24 Water Lane
1 Bed Modern Flat
- Flat 5, Rainbow House 24 Water Lane
2 Bed Modern Flat
Sales Market Trends
The last sale in Rainbow House, Water Lane sold for £173,250 on 31st March 2025. Since then prices are down an average of 1.9%.
The current average value in the building is £143,206.
The Rainbow House, Water Lane Sales Market has decreased by 9.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -1.9% | £143,206 |
| June 2025 | -3.6% | £145,959 |
| June 2024 | -1.3% | £151,392 |
| June 2023 | 0.9% | £153,328 |
| June 2022 | 0.2% | £152,013 |
| June 2021 | 0.1% | £151,671 |
| June 2020 | 2% | £151,570 |
| June 2019 | -2.2% | £148,647 |
| June 2018 | -4.6% | £151,956 |
| June 2017 | 0.3% | £159,259 |
| June 2016 | 16.9% | £158,707 |
| June 2015 | 14.9% | £135,766 |
| June 2014 | 15.3% | £118,130 |
| June 2013 | 0.2% | £102,448 |
| June 2012 | 2.2% | £102,261 |
| June 2011 | -1% | £100,012 |
| June 2010 | 3.8% | £100,977 |
| June 2009 | -10.9% | £97,305 |
| June 2008 | -0.9% | £109,206 |
| June 2007 | 0% | £110,245 |
Rental Market Trends
The current average rental value in the building is £791.
The Rainbow House, Water Lane Rental Market has increased by 28.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.6% | £791pcm |
| June 2025 | 0.2% | £763pcm |
| June 2024 | 6.9% | £762pcm |
| June 2023 | 11.8% | £713pcm |
| June 2022 | 3.1% | £638pcm |
| June 2021 | 3.4% | £618pcm |
| June 2020 | 2.1% | £598pcm |
| June 2019 | 0.2% | £586pcm |
| June 2018 | -2.2% | £584pcm |
| June 2017 | -3.1% | £598pcm |
| June 2016 | 5% | £617pcm |
| June 2015 | 7.7% | £587pcm |
| June 2014 | 7% | £545pcm |
| June 2013 | 1.8% | £510pcm |
| June 2012 | 3.3% | £500pcm |
| June 2011 | 2.8% | £484pcm |
| June 2010 | 2.5% | £471pcm |
| June 2009 | -7.8% | £460pcm |
| June 2008 | 6% | £499pcm |
| June 2007 | 0% | £471pcm |
Sales History
The last sale was on 31st March 2025 for £173,250 and since then the market in the area has decreased by 1.9%. The building has had a total of 10 sales since 1995.
Rainbow House, Water Lane, Watford, WD17 2AP has seen 2 sales in the last three years and no sales in the last twelve months.
- Sold Mar 2025£173,250 | 2 Bed FlatFlat 25, Rainbow House 24, Water Lane, Watford, WD17 2APFlat 25, Rainbow House 24, Water Lane, Watford, WD17 2AP
- Sold Aug 2024£157,500 | 3 Bed FlatFlat 35, Rainbow House 24, Water Lane, Watford, WD17 2APFlat 35, Rainbow House 24, Water Lane, Watford, WD17 2AP
- Sold Feb 2019£157,500 | 2 Bed FlatFlat 26, Rainbow House 24, Water Lane, Watford, WD17 2APFlat 26, Rainbow House 24, Water Lane, Watford, WD17 2AP
- Sold Jan 2019£373,000 | 3 Bed FlatFlat 62, Rainbow House 24, Water Lane, Watford, WD17 2APFlat 62, Rainbow House 24, Water Lane, Watford, WD17 2AP
- Sold Jan 2019£219,000 | 2 Bed FlatFlat 36, Rainbow House 24, Water Lane, Watford, WD17 2APFlat 36, Rainbow House 24, Water Lane, Watford, WD17 2AP
Property Types
- 62 modern flats built after 1980
- modern flat (62)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 62 properties.
- The most common rating is B.
- A (0)
- E (0)
- B (49)
- F (0)
- C (13)
- G (0)
- D (0)
- No EPC (0)
Top 3 Most Expensive Sales
- Sold Aug 2024£408,000 | 3 Bed House55, Water Lane, Watford, WD17 2NJ55, Water Lane, Watford, WD17 2NJ
- Sold May 2021£395,000 | 3 Bed House41, Water Lane, Watford, WD17 2NJ41, Water Lane, Watford, WD17 2NJ
- Sold Jun 2019£380,000 | 2 Bed House43, Water Lane, Watford, WD17 2NJ43, Water Lane, Watford, WD17 2NJ
Schools Nearby
- Central Primary School300 m away
- Field Junior School500 m away
- Watford Field School (Infant & Nursery)500 m away
- Watford Grammar School for Girls500 m away
- Watford Grammar School for Boys1.6 km away
- Queens' School1.6 km away
More reading links
Public Transport Nearby
The closest station to Rainbow House, Water Lane, Watford, WD17 2AP is Watford High Street station, which is 100 metres away.
- Watford High Street|100 m away
- Bushey|900 m away
- Watford Junction|1.2 km away
