2, Melrose Place
2, Melrose Place
Description & Estimates
Public records show 2, Melrose Place, Watford to be a mid-century freehold house with 1,442 ft2 of internal area, sitting on a 174 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
2, Melrose Place, Watford has an estimated sale value of £591,439 and an estimated rental value of £3,128 per month, assuming reasonable condition and based on the information available.
Melrose Place, Watford, WD17 lies in the borough of Watford, within the WD17 postal district.
Our Data Sources
2, Melrose Place, Watford has a single entry in the Land Registry from April 2018 and a single entry in the EPC database dated December 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate 2, Melrose Place, Watford would be worth £621,011, with a potential rental value of £3,284 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £550,038, with a rental value of £2,909 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 2, Melrose Place, Watford has declined by £3,683 (0.6%) over the last year. During the same period, its estimated monthly rental value has climbed by £82 (2.6%). The property's estimated gross yield is currently 6.3%.
Plot Size
2, Melrose Place, Watford occupies a 174 m2 plot as recorded by HM Land Registry.
All 16 other houses in this postcode have recorded plot sizes, and this one ranks as the 16th largest.
Energy Efficiency
2, Melrose Place, Watford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 03 Dec 2015.
The property is connected to mains gas and has partial double glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
2, Melrose Place, Watford last changed hands on 5th April 2018, selling for £600,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 10.2% since April 2018.
- Sold Apr 2018£600,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 670 metres of 2, Melrose Place, Watford across the last 2 years.
Most recently, 6, Wentworth Close, Watford, WD17 4LW, a freehold house, sold at £635,000 on the 29th November 2024.
Read more about house prices in WD17.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 2, Melrose Place, Watford as the 13th largest and the 13th most expensive of the 57 addresses on Melrose Place, Watford, WD17.
Against the WD17 postcode district average, it is £52k more expensive than the typical property.
More reading links
Schools Nearby
- 400mNascot Wood Junior School
- 500mNascot Wood Infant and Nursery School
- 600mCassiobury Infant and Nursery School
- 1.8kmWatford Grammar School for Boys
- 2.4kmCroxley Danes School
- 2.5kmWatford Grammar School for Girls
More reading links
Public Transport Nearby
Watford station is the nearest stop to 2, Melrose Place, Watford at 1.6 kilometres away.
- 1.6kmWatford
- 1.6kmWatford Junction
- 1.8kmWatford North
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
