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Watford House Prices Watford House Prices

The average house price in Watford is £501,290 using HM Land Registry data.

The average property price increased by £64,822 (16.01%) over the last 5 years and increased by £12,955 (2.84%) over the last 12 months.

Over the last year, there were 969 residential property sales – a decrease of 552 transactions (-56.97%) relative to the previous year. The majority of house sales (221) were in the £318,000 - £416,000 range. Then came properties in the £416,000 - £514,000 range, where 192 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 79 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-15,006 (-2%).

In April 2024, there were 269 new estate agency instructions, 155 agreed home sales and 153 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

16.01%

Property prices in Watford increased by 16.01% 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

2.84%

Property prices in Watford increased by 2.84% 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 - April 2024

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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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
30 Blackwell Drive, Watford, Hertfordshire, WD19 4HW£625,000£610,000-£15,00014 Jun 202308 Mar 2024268 Days
22 Altham Gardens, South Oxhey, Watford, Hertfordshire, WD19 6HJ£315,000£305,000-£10,00022 Sep 202307 Mar 2024167 Days
32 Parkgate Road, Watford, Hertfordshire, WD24 4FH£425,000£400,000-£25,00017 Jun 202304 Mar 2024261 Days
419 Prestwick Road, Watford, Hertfordshire, WD19 6UL£409,950£409,950£0027 Sep 202328 Feb 2024154 Days
379 Prestwick Road, Watford, Hertfordshire, WD19 6UL£425,000£410,000-£15,00017 Jun 202326 Feb 2024254 Days
11 Carpenders Avenue, Watford, Hertfordshire, WD19 5BS£640,000£625,000-£15,00029 Aug 202323 Feb 2024178 Days
42 Orchard Avenue, Watford, Hertfordshire, WD25 7JG£525,000£525,000£0001 Nov 202319 Feb 2024110 Days
12 Capel Road, Watford, Hertfordshire, WD19 4AE£385,000£362,000-£23,00018 Oct 202316 Feb 2024121 Days
176 Gosforth Lane, South Oxhey, Watford, Hertfordshire, WD19 7RH£425,000£410,000-£15,00008 Sep 202316 Feb 2024161 Days
16 Blenheim Close, Watford, Hertfordshire, WD19 4QN£820,000£775,000-£45,00006 Apr 202316 Feb 2024316 Days
Flat 14, Andrew Reed Court, Keele Close, Watford, Hertfordshire, WD24 4RU£300,000£285,000-£15,00003 Jul 202309 Feb 2024221 Days
Flat 22, Alexandra Court, Aston Close, Watford, Hertfordshire, WD24 4RS£270,000£257,500-£12,50017 Jul 202309 Feb 2024207 Days
6 Berry Avenue, Watford, Hertfordshire, WD24 6RY£500,000£500,000£0023 Oct 202308 Feb 2024108 Days
14 Raglan Gardens, Watford, Hertfordshire, WD19 4LL£600,000£590,000-£10,00003 Nov 202307 Feb 202496 Days
3 Grasmere Close, Watford, Hertfordshire, WD25 7JH£240,000£235,000-£5,00028 Jun 202306 Feb 2024223 Days
22 Yarmouth Road, Watford, Hertfordshire, WD24 4DW£430,000£425,000-£5,00011 Oct 202302 Feb 2024114 Days
25 Tunnel Wood Close, Watford, Hertfordshire, WD17 4SW£1,150,000£1,000,000-£150,00005 Jul 202301 Feb 2024211 Days
7 Blairhead Drive, Watford, Hertfordshire, WD19 7RB£425,000£418,000-£7,00019 Sep 202326 Jan 2024129 Days
94 Kensington Avenue, Watford, Hertfordshire, WD18 7RY£470,000£455,000-£15,00027 Sep 202326 Jan 2024121 Days
7 Addiscombe Road, Watford, Hertfordshire, WD18 0ND£425,000£415,000-£10,00027 Sep 202322 Jan 2024117 Days

Most Expensive Streets in Watford

PostcodeStreetAreaAverageNo. of Sales
WD17 3DPGarden CloseWatford£1,278,7333
WD17 4DURounton CloseWatford£1,148,7504
WD17 3ASParkside DriveWatford£1,148,3333
WD17 3ADCassiobury DriveWatford£1,116,6663
WD17 3HFHempstead RoadWatford£1,095,1666
WD17 3ANCassiobury DriveWatford£1,067,3333
WD17 3DDDevereux DriveWatford£1,067,2605
WD19 4TSWoodwayeWatford£1,054,6663
WD17 4QWPark RoadWatford£1,048,7504
WD17 3BPTrefusis WalkWatford£1,048,3333

Least Expensive Streets in Watford

PostcodeStreetAreaAverageNo. of Sales
WD17 2NULower High StreetWatford£110,1005
WD18 0QSHomemanor HouseCassio Road£116,83315
WD17 4PZHeathdene ManorWatford£137,00013
WD17 1DFSt Johns RoadWatford£137,5874
WD17 2DBCrosfield Court 244-248Lower High Street, Watford£140,86923
WD18 7HNCopperdale CourtThe Gateway£143,3333
WD25 9PGBeken CourtWatford£145,80518
WD18 7DDRaven CloseWatford£150,6254
WD17 4BSMalden LodgeAlexandra Road£154,3754
WD18 7BWTurin HouseVenice Avenue£155,0003

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