Watford: An emerging investment hotspot near London

Welcome to Watford, a vibrant town northwest of London, where history intertwines with modern convenience. Situated on the banks of the River Colne, Watford exudes charm and captivates visitors with its rich heritage. Located only 20 miles from central London, this commuter town in Hertfordshire is quickly emerging as an investment hotspot.

Watford’s rise as a property investment destination can be attributed to several factors. Firstly, the town has an excellent selection of schools, making it an attractive location for families. It is situated on the Greater London border, providing residents with convenient transport links to the capital. Accessibility to London’s prime areas makes Watford desirable for professionals and commuters.

Regeneration projects and appreciating property prices

Watford is witnessing several ongoing regeneration projects. These projects aim to enhance the town’s infrastructure, amenities and overall appeal. Regeneration initiatives often lead to increased property values and provide investors with the opportunity to capitalise on future growth.

Watford Borough Council is committed to an ambitious and ongoing redevelopment program of over £1.5bn over the next 10-15 years. This strategic initiative will not only create thousands of new homes and jobs but also bring about substantial improvements in services, transportation infrastructure and leisure facilities.

The average property price in the Watford postcode area currently stands at £603,000. Over the last twelve months, the average price has increased by £47,500 (9%), reflecting the town’s desirability as an investment destination. Notably, Watford has also recorded the UK’s third-highest average house price increase over the past decade, highlighting its strong potential for long-term capital growth.

Fantastic developments in Watford

London Square Watford is where contemporary living meets unbeatable connectivity. This modern development offers a range of stylish studio, one and two-bedroom apartments. Its standout feature is the seamless access it provides to Zone 1 Euston Station, allowing you to reach central London in under 30 minutes. Nestled just two miles from Watford’s thriving town centre, London Square is surrounded by beautifully landscaped communal gardens and offers private parking for residents. With the convenience of Watford North station just a short walk away, as well as fast train links to King’s Cross and Euston, and excellent major road connections such as the M1 and M25 nearby, London Square Watford offers a truly connected lifestyle.

The Eight Gardens by Berkeley Group is in the heart of Watford. True to its name, this property is surrounded by eight stunning gardens, creating a serene and picturesque environment. Located just a four-minute stroll away from Watford Junction Station, London’s Zone 1 can be reached in less than 15 minutes. The Eight Gardens is conveniently situated within walking distance of the vibrant Atria Shopping Centre, housing over 145 retail units, 11 restaurants and a massive nine-screen cinema. With attractive rental yields of up to 6%, The Eight Gardens presents a perfect blend of modern living, convenience and investment potential.

The Clarendon is a striking 25-storey development by Regal London that will take centre stage in Watford. This impressive project offers 168 private residences, including studio, one and two-bedroom apartments, as well as luxurious penthouses with high-specification interiors. Anticipated to be completed by Summer 2024, The Clarendon will provide a range of upscale amenities, including a 24-hour concierge, private cinema, state-of-the-art gym, stylish lounge, inviting cafe and breathtaking sky gardens on the 25th floor. With excellent road and rail connectivity, residents can enjoy seamless access to Central London, making The Clarendon the epitome of sophisticated urban living.

If you would like to know more about buying, selling or letting a property in Watford, please do get in touch.