Key indicators for buyers
The WD1 market is moderately favourable for buyers. Prices have softened (-90.0%), which could present a buying opportunity. Affordability has improved from a peak of 13.9x in 2022 to 11.0x today. Rising rents (£1,815/mo, +4.9%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
The average property in WD1 sold for £650,000 in 2023, with a median of £650,000 across 1 transactions. Prices fell 90.0% compared to the previous year.
House price ÷ median earnings · ONS data
Affordability data shown for wider Watford area
A home in Watford costs 11.0x the local median salary — very stretched, improving from a peak of 13.9x in 2022.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Watford area
Average monthly rent in Watford is £1,815, up 4.9% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Watford price of £650,000 with a 25% deposit (£163k), a 2-year fixed mortgage at 3.97% costs around £2,565 per month.
Monthly cost comparison based on current data
Uses WD1 avg. price with Watford rental data
Monthly mortgage payments (£2,565) are £750 more than renting (£1,815). However, buying requires an upfront deposit of £163k — it would take around 17 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
3, KELMSCOTT CRESCENT WD1 8NG | Other | £650,000 | 21 Jul 2023 |
3, GEORGE STREET WD1 8BX | Other | £6,500,000 | 1 Oct 2021 |
3, GEORGE STREET WD1 8BX | Other | £5,450,000 | 8 Oct 2020 |
HALFWAY HOUSE, CASSIOBRIDGE WD1 8SL | Other | £254,325,163 | 26 Jul 2019 |
213, RICKMANSWORTH ROAD WD1 7JT | Detached | £600,000 | 3 Aug 2018 |
101C, GLADSTONE ROAD WD1 2RA | Flat/Maisonette | £208,000 | 7 May 2014 |
24, STATION ROAD WD1 1ET | Semi-detached | £245,000 |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
| 3 Jan 2012 |
81B, GLADSTONE ROAD WD1 2RA | Flat/Maisonette | £175,000 | 12 Jul 2010 |
2, WHIPPENDELL ROAD WD1 7LU | Flat/Maisonette | £155,000 | 23 Dec 2009 |
36, MALDEN ROAD, WATFORD WD1 3EW | Terraced | £186,000 | 25 Jul 2008 |
41, GLADSTONE ROAD, WATFORD WD1 2RA | Flat/Maisonette | £150,000 | 29 Jun 2007 |
36, MALDEN ROAD, WATFORD WD1 3EW | Terraced | £145,000 | 24 Jun 2005 |
FLAT 3, 137, GLADSTONE ROAD, WATFORD WD1 2RA | Flat/Maisonette | £125,000 | 24 Jun 2005 |
41, GLADSTONE ROAD, WATFORD WD1 2RA | Flat/Maisonette | £128,750 | 20 Apr 2005 |
101C, GLADSTONE ROAD, WATFORD WD1 2RA | Flat/Maisonette | £139,950 | 19 May 2004 |
101C, GLADSTONE ROAD, WATFORD WD1 2RA | Flat/Maisonette | £106,000 | 23 Jan 2004 |
1 WOOLRYCH COURT, 137 - 139, QUEENS ROAD WD1 2QL | Semi-detached | £410,000 | 14 Apr 2003 |
107B, GLADSTONE ROAD, WATFORD WD1 2RA | Flat/Maisonette | £112,950 | 20 Jan 2003 |
6, 6, HIGH STREET WD1 3UA | Flat/Maisonette | £149,950 | 16 Sept 2002 |
41, GLADSTONE ROAD, WATFORD WD1 2RA | Flat/Maisonette | £69,500 | 7 Dec 2001 |
The most recent recorded sale in WD1 was a other property on Kelmscott Crescent for £650,000 in July 2023. Across the last 20 sales, the median price was £175,000.