Watford Laundry Cleaned Up!
House prices in Watford continue to offer excellent value when compared to other towns with similar commutes to Central London. According to recent figures, Watford’s overall average property price was £289,254, while Guildford in Surrey was £417,457; Sevenoaks, Kent, £566,579; and St Albans, Hertfordshire, £435,729.
As a result, interest from developers to be part of the on-going regeneration and improvements in the town is high, and our sale of a former commercial laundry on Sydney Road in the east of the town is typical of the high-profile schemes which are coming forward.
Following a targeted marketing process, terms were agreed at the beginning of January 2019 with Weston Homes, with contracts being exchanged shortly afterwards at £19,700,000. Weston’s will go on to develop the 2.5-acre site which benefits from planning consent to develop 227 apartments across 8 separate blocks.
We continue to have strong demand from housebuilders and RP’s for sites of 100+ units across the South East where our “off market” targeted sales strategies provide excellent results for all parties.
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