Melrose Place - WD17 4LX
Key Postcode Insights
WD17 4LX is a residential postcode situated on Melrose Place, Watford, WD17 with 22 addresses.
It ranks as the 313th largest and 119th 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 22 properties: 10 houses and 12 flats.
- Ave. Sale Price
- £319,505
- 10 Year change
- up 0.4%
- Ave. Rental Price
- £1,755pcm
- 10 Year change
- up 38.3%
- Ave. £ per ft²
- £540/ft²
- Ave. Gross Yield
- 6.6%/year/yr
Key Postcode Insights
WD17 4LX is a residential postcode situated on Melrose Place, Watford, WD17 with 22 addresses.
It ranks as the 313th largest and 119th 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 22 properties: 10 houses and 12 flats.
- Ave. Sale Price
- £319,505
- 10 Year change
- up 0.4%
- Ave. Rental Price
- £1,755pcm
- 10 Year change
- up 38.3%
- Ave. £ per ft²
- £540/ft²
- Ave. Gross Yield
- 6.6%/year/yr
Explore Propertiesin WD17 4LX
- 20 Melrose Place
1 Bed Modern Flat
- 22 Melrose Place
1 Bed Modern Flat
- 24 Melrose Place
1 Bed Modern Flat
- 26 Melrose Place
1 Bed Modern Flat
- 28 Melrose Place
2 Bed Modern Flat
Sales Market Trends
The last sale in WD17 4LX sold for £280,000 on 17th November 2023. Since then prices are down an average of 1.3%.
The current average value in the postcode is £319,505.
The WD17 4LX Sales Market has increased by 0.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -1.3% | £319,505 |
| June 2025 | -0.6% | £323,725 |
| June 2024 | -0.3% | £325,755 |
| June 2023 | -1.6% | £326,897 |
| June 2022 | 4.1% | £332,098 |
| June 2021 | 3.2% | £318,944 |
| June 2020 | 1.9% | £308,954 |
| June 2019 | -2.5% | £303,275 |
| June 2018 | -2.2% | £311,150 |
| June 2017 | -0.1% | £317,989 |
| June 2016 | 17.1% | £318,312 |
| June 2015 | 15.4% | £271,832 |
| June 2014 | 15.7% | £235,637 |
| June 2013 | 2.1% | £203,631 |
| June 2012 | 2.9% | £199,483 |
| June 2011 | -1.4% | £193,921 |
| June 2010 | 8.4% | £196,605 |
| June 2009 | -11.7% | £181,337 |
| June 2008 | -1.4% | £205,273 |
| June 2007 | 0% | £208,284 |
Rental Market Trends
The current average rental value in the postcode is £1,755.
The WD17 4LX Rental Market has increased by 38.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.5% | £1,755pcm |
| June 2025 | 3.2% | £1,696pcm |
| June 2024 | 6.3% | £1,644pcm |
| June 2023 | 10.9% | £1,547pcm |
| June 2022 | 5.9% | £1,395pcm |
| June 2021 | 5.2% | £1,318pcm |
| June 2020 | 1.3% | £1,252pcm |
| June 2019 | 0.7% | £1,236pcm |
| June 2018 | -1.2% | £1,228pcm |
| June 2017 | -2.1% | £1,242pcm |
| June 2016 | 4.9% | £1,269pcm |
| June 2015 | 9.1% | £1,210pcm |
| June 2014 | 6.1% | £1,109pcm |
| June 2013 | 3.3% | £1,045pcm |
| June 2012 | 3.2% | £1,012pcm |
| June 2011 | 2.4% | £980pcm |
| June 2010 | 6% | £957pcm |
| June 2009 | -7.3% | £903pcm |
| June 2008 | 6.8% | £974pcm |
| June 2007 | 0% | £912pcm |
Sales History
The last sale was on 17th November 2023 for £280,000 and since then the market in the area has decreased by 1.3%. The postcode has had a total of 58 sales since 1995.
WD17 4LX has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Nov 2023£280,000 | 2 Bed Flat54, Melrose Place, Watford, WD17 4LX54, Melrose Place, Watford, WD17 4LX
- Sold Oct 2022£330,000 | 2 Bed Flat28, Melrose Place, Watford, WD17 4LX28, Melrose Place, Watford, WD17 4LX
- Sold Jun 2021£355,000 | 2 Bed Flat56, Melrose Place, Watford, WD17 4LX56, Melrose Place, Watford, WD17 4LX
- Sold Mar 2017£324,000 | 2 Bed Flat32, Melrose Place, Watford, WD17 4LX32, Melrose Place, Watford, WD17 4LX
- Sold Feb 2016£173,000 | 1 Bed Flat24, Melrose Place, Watford, WD17 4LX24, Melrose Place, Watford, WD17 4LX
Nearby Postcodes
WD17 4LX is the 313th largest and the 119th most expensive postcode out of the 463 postcodes in the WD17 area.
- WD17 3HG, Hempstead Road, Watford, WD17WD17 3HG22 Addresses|47 m away
- WD17 4LU, Melrose Place, Watford, WD17WD17 4LU19 Addresses|65 m away
- WD17 4LN, Melrose Place, Watford, WD17WD17 4LN16 Addresses|81 m away
- WD17 4LR, Hempstead Road, Watford, WD17WD17 4LR30 Addresses|96 m away
- WD17 4SF, Mandeville Close, Watford, WD17WD17 4SF19 Addresses|146 m away
Property Types
- 5 modern houses built after 1980
- 8 modern flats built after 1980
- 1 house of an unknown age
- 2 flats of an unknown age
- 6 other addresses of unknown type
- modern house (5)
- modern flat (8)
- house (1)
- flat (2)
- Unknown (6)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 14 properties.
- The most common rating is D.
- A (0)
- E (1)
- B (0)
- F (0)
- C (4)
- G (0)
- D (9)
- 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 School2.3 km away
- Watford Grammar School for Girls2.4 km away
More reading links
Public Transport Nearby
The closest station to WD17 4LX is Watford station, which is 1.5 kilometres away.
- Watford|1.5 km away
- Watford Junction|1.5 km away
- Watford North|1.8 km away
- Watford High Street|2.6 km away
