The average property value in Watford is £440,742 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Watford grew by £37,365. Compare house prices by area
Average property prices in Watford grew by 9.3% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 6.0% per year.
If prices in Watford continue to rise by 6.0% a year, the average property price will be £557,164 in 2025.
There were 1,126 property sales in Watford in the year ending June 2021, an increase of 158 when compared to the previous year.
The average price for a house in Watford ranges from £404,048 for a terraced house to £810,286 for a detached house, with semi-detached in between costing on average £507,043.
The average price for a flat or maisonette in Watford is £267,251.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Watford, semi-detached house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 58.8% from £510,370 to £810,286, semi-detached house prices have risen 76.6% from £287,188 to £507,043, terraced house prices have risen 74.1% from £232,026 to £404,048, and flat prices have risen 54.7% from £172,732 to £267,251.
The most common type of property sold in Watford during the year ending June 2021 was terraced houses, which accounted for 36.8% of properties.
The least commonly available type of property sold in Watford were detached houses, which account for 10.6% of properties sold.
Of the properties sold in Watford during 2021, 1.0% were new build properties.
The average price paid for a new build property in Watford was £63,566 lower than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (100% of new build properties sold). For existing properties, the most common type is terraced houses (37% of existing properties sold).
The most common price band for property sales in Watford is £300k - £400k, which accounted for 21.6% of properties sold in 2021.
1.0% of properties in Watford had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Watford were in the £50k - £100k price bracket, accounting for 0.1% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics