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Watford House Prices Watford House Prices

The average house price in Watford is £439,358 using HM Land Registry data.

The average property price increased by £48,828 (11.68%) over the last 5 years and increased by £9,783 (2.14%) over the last 12 months.

Over the last year, there were 978 residential property sales – a decrease of 341 transactions (-34.87%) relative to the previous year. The majority of house sales (223) were in the £412,000 - £508,000 range. Then came properties in the £316,000 - £412,000 range, where 213 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 130 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-16,141 (-2%).

In Dec 24, there were 150 new estate agency instructions, 96 agreed home sales and 93 property price reductions.

Neighbouring Areas: Abbots Langley and Kings Langley, Bricket Wood, Bushey, Rickmansworth, Moor Park

Postcodes Covered: WD17, WD18, WD19, WD23, WD24, WD25, WD5

5-Year Average Property Prices in Watford

11.68%

Property prices in Watford increased by 11.68% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Watford Over the Last Year

2.14%

Property prices in Watford increased by 2.14% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Watford - Dec 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Watford

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Watford

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Watford

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Watford since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Watford area since 1995.

Recent Property Sales in Watford

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
9 Lowestoft Road, Watford, Hertfordshire, WD24 5AX£419,950£405,000-£14,95021 May 202422 Nov 2024185 Days
66 King Edward Road, Watford, Hertfordshire, WD19 4DL£650,000£625,000-£25,00027 Jun 202422 Nov 2024148 Days
21 James Way, South Oxhey, Watford, Hertfordshire, WD19 6HL£430,000£427,000-£3,00006 Sep 202422 Nov 202477 Days
20 Arundel Road, Abbots Langley, Hertfordshire, WD5 0TP£575,000£555,000-£20,00016 Sep 202422 Nov 202467 Days
20 Sherwoods Road, Watford, Hertfordshire, WD19 4AZ£675,000£675,000£0009 Aug 202414 Nov 202497 Days
10 Embleton Road, Watford, Hertfordshire, WD19 7PN£475,000£470,000-£5,00008 Aug 202413 Nov 202497 Days
55 The Gardens, Watford, Hertfordshire, WD17 3DN£1,190,000£1,150,000-£40,00022 Mar 202412 Nov 2024235 Days
40 Sutton Road, Watford, Hertfordshire, WD17 2QF£415,000£397,500-£17,50008 Jul 202412 Nov 2024127 Days
262 High Road, Leavesden, Watford, Hertfordshire, WD25 7EB£500,000£484,000-£16,00017 Jun 202408 Nov 2024144 Days
27 Balmoral Road, Abbots Langley, Hertfordshire, WD5 0ST£550,000£535,000-£15,00019 Feb 202408 Nov 2024263 Days
53 Neston Road, Watford, Hertfordshire, WD24 7BN£420,000£410,000-£10,00005 Aug 202407 Nov 202494 Days
20 Embleton Road, Watford, Hertfordshire, WD19 7PN£474,950£470,000-£4,95003 Jul 202407 Nov 2024127 Days
23 Regent Street, Watford, Hertfordshire, WD24 5AT£399,950£390,000-£9,95016 May 202406 Nov 2024174 Days
85 Grover Road, Watford, Hertfordshire, WD19 4HH£400,000£392,000-£8,00030 Apr 202401 Nov 2024185 Days
25 Brookdene Avenue, Watford, Hertfordshire, WD19 4LG£847,500£822,500-£25,00018 Jan 202431 Oct 2024287 Days
12 Merlin Way, Leavesden, Watford, Hertfordshire, WD25 7GJ£850,000£780,000-£70,00002 May 202431 Oct 2024182 Days
Little Tolpits Cottage, Tolpits Lane, Watford, Hertfordshire, WD18 9QG£1,300,000£1,250,000-£50,00013 Jun 202431 Oct 2024140 Days
10 Sherwoods Road, Watford, Hertfordshire, WD19 4AZ£850,000£840,000-£10,00007 May 202430 Oct 2024176 Days
80 Cherry Hills, Watford, Hertfordshire, WD19 6DL£485,000£461,000-£24,00008 Aug 202430 Oct 202483 Days
18 Vivian Close, Watford, Hertfordshire, WD19 4PQ£795,000£795,000£0017 Jul 202428 Oct 2024103 Days

Most Expensive Streets in Watford

PostcodeStreetAreaAverageNo. of Sales
WD19 4NFNancy DownsWatford£1,612,6663
WD17 3HEHempstead RoadWatford£1,255,8333
WD17 4NZStratford RoadWatford£1,189,1663
WD17 4DURounton CloseWatford£1,160,0006
WD17 3DEDevereux DriveWatford£1,155,6254
WD17 3DNThe GardensWatford£1,147,1663
WD17 3BXWoodland DriveWatford£1,141,2504
WD17 3AACassiobury DriveWatford£1,093,6663
WD17 4SWTunnel Wood CloseWatford£1,075,0004
WD17 3ANCassiobury DriveWatford£1,067,3333

Least Expensive Streets in Watford

PostcodeStreetAreaAverageNo. of Sales
WD18 0HYRiverwell CloseWatford£103,6004
WD18 0QSHomemanor HouseCassio Road£113,09615
WD17 2NULower High StreetWatford£114,2506
WD17 1DFSt Johns RoadWatford£129,2705
WD17 2DBCrosfield Court 244-248Lower High Street, Watford£129,50024
WD17 4PZHeathdene ManorWatford£137,75012
WD25 9PGBeken CourtWatford£142,71916
WD18 7DDRaven CloseWatford£150,6254
WD25 0DDSheepcot LaneWatford£155,86615
WD18 7HNCopperdale CourtThe Gateway£160,6254

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