Melrose Place - WD17 4LU
Key Postcode Insights
WD17 4LU is a residential postcode situated on Melrose Place, Watford, WD17 with 19 addresses.
It ranks as the 274th largest and 117th most expensive of the 463 postcodes in the WD17 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 19 properties: 8 houses and 11 flats.
- Ave. Sale Price
- £314,600
- 10 Year change
- down 2.2%
- Ave. Rental Price
- £1,708pcm
- 10 Year change
- up 34.8%
- Ave. £ per ft²
- £517/ft²
- Ave. Gross Yield
- 6.5%/year/yr
Key Postcode Insights
WD17 4LU is a residential postcode situated on Melrose Place, Watford, WD17 with 19 addresses.
It ranks as the 274th largest and 117th most expensive of the 463 postcodes in the WD17 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 19 properties: 8 houses and 11 flats.
- Ave. Sale Price
- £314,600
- 10 Year change
- down 2.2%
- Ave. Rental Price
- £1,708pcm
- 10 Year change
- up 34.8%
- Ave. £ per ft²
- £517/ft²
- Ave. Gross Yield
- 6.5%/year/yr
Explore Propertiesin WD17 4LU
- 17 Melrose Place
1 Bed Modern Flat
- 19 Melrose Place
1 Bed Modern Flat
- 21 Melrose Place
Unknown
- 23 Melrose Place
1 Bed Modern Flat
- 25 Melrose Place
1 Bed Modern Flat
Sales Market Trends
The last sale in WD17 4LU sold for £230,000 on 21st June 2024. Since then prices are down an average of 2.2%.
The current average value in the postcode is £314,600.
The WD17 4LU Sales Market has decreased by 2.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -1.3% | £314,600 |
| June 2025 | -1% | £318,627 |
| June 2024 | -0.1% | £321,990 |
| June 2023 | -1.6% | £322,318 |
| June 2022 | 3.1% | £327,700 |
| June 2021 | 2.7% | £317,739 |
| June 2020 | 1.9% | £309,485 |
| June 2019 | -2.8% | £303,809 |
| June 2018 | -2.4% | £312,485 |
| June 2017 | -0.5% | £320,095 |
| June 2016 | 17.4% | £321,556 |
| June 2015 | 15.5% | £273,856 |
| June 2014 | 15.8% | £237,100 |
| June 2013 | 1.9% | £204,705 |
| June 2012 | 2.8% | £200,842 |
| June 2011 | -1.7% | £195,369 |
| June 2010 | 7.1% | £198,759 |
| June 2009 | -12.1% | £185,505 |
| June 2008 | -1.1% | £211,059 |
| June 2007 | 0% | £213,475 |
Rental Market Trends
The current average rental value in the postcode is £1,708.
The WD17 4LU Rental Market has increased by 34.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.5% | £1,708pcm |
| June 2025 | 2.7% | £1,650pcm |
| June 2024 | 6.5% | £1,606pcm |
| June 2023 | 10.8% | £1,508pcm |
| June 2022 | 4.9% | £1,361pcm |
| June 2021 | 4.7% | £1,298pcm |
| June 2020 | 1.3% | £1,240pcm |
| June 2019 | 0.4% | £1,224pcm |
| June 2018 | -1.4% | £1,218pcm |
| June 2017 | -2.5% | £1,236pcm |
| June 2016 | 5.2% | £1,267pcm |
| June 2015 | 9.2% | £1,205pcm |
| June 2014 | 6.2% | £1,103pcm |
| June 2013 | 3.1% | £1,039pcm |
| June 2012 | 3.2% | £1,007pcm |
| June 2011 | 2.1% | £976pcm |
| June 2010 | 4.8% | £956pcm |
| June 2009 | -7.8% | £913pcm |
| June 2008 | 7.2% | £990pcm |
| June 2007 | 0% | £924pcm |
Sales History
The last sale was on 21st June 2024 for £230,000 and since then the market in the area has decreased by 2.2%. The postcode has had a total of 28 sales since 1995.
WD17 4LU has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Jun 2024£230,000 | 1 Bed Flat23, Melrose Place, Watford, WD17 4LU23, Melrose Place, Watford, WD17 4LU
- Sold Nov 2018£308,000 | 2 Bed Flat31, Melrose Place, Watford, WD17 4LU31, Melrose Place, Watford, WD17 4LU
- Sold Oct 2016£371,000 | 2 Bed House51, Melrose Place, Watford, WD17 4LU51, Melrose Place, Watford, WD17 4LU
- Sold Feb 2015£182,000 | 1 Bed Flat17, Melrose Place, Watford, WD17 4LU17, Melrose Place, Watford, WD17 4LU
- Sold Oct 2014£299,950 | 2 Bed House47, Melrose Place, Watford, WD17 4LU47, Melrose Place, Watford, WD17 4LU
Nearby Postcodes
WD17 4LU is the 274th largest and the 117th most expensive postcode out of the 463 postcodes in the WD17 area.
- WD17 4LN, Melrose Place, Watford, WD17WD17 4LN16 Addresses|56 m away
- WD17 4LX, Melrose Place, Watford, WD17WD17 4LX22 Addresses|65 m away
- WD17 4SF, Mandeville Close, Watford, WD17WD17 4SF19 Addresses|83 m away
- WD17 4LW, Wentworth Close, Watford, WD17WD17 4LW29 Addresses|94 m away
- WD17 4LR, Hempstead Road, Watford, WD17WD17 4LR30 Addresses|110 m away
Property Types
- 3 modern houses built after 1980
- 8 modern flats built after 1980
- 1 house of an unknown age
- 7 other addresses of unknown type
- modern house (3)
- modern flat (8)
- house (1)
- Unknown (7)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 11 properties.
- The most common rating is D.
- A (0)
- E (0)
- B (0)
- F (0)
- C (4)
- G (0)
- D (7)
- No EPC (8)
Top 3 Most Expensive Sales
- Sold Jul 2024£620,000 | 4 Bed House9, Melrose Place, Watford, WD17 4LN9, Melrose Place, Watford, WD17 4LN
- Sold Apr 2018£600,000 | 4 Bed House2, Melrose Place, Watford, WD17 4LN2, Melrose Place, Watford, WD17 4LN
- Sold Jun 2021£580,000 | 4 Bed House3, Melrose Place, Watford, WD17 4LN3, Melrose Place, Watford, WD17 4LN
Schools Nearby
- Nascot Wood Junior School300 m away
- Nascot Wood Infant and Nursery School400 m away
- Cassiobury Infant and Nursery School600 m away
- Watford Grammar School for Boys1.8 km away
- Croxley Danes School2.4 km away
- Watford Grammar School for Girls2.4 km away
More reading links
Public Transport Nearby
The closest station to WD17 4LU is Watford Junction station, which is 1.5 kilometres away.
- Watford Junction|1.5 km away
- Watford|1.5 km away
- Watford North|1.8 km away
- Watford High Street|2.6 km away
