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Watford Market Update May 2015

What an exciting last couple of weeks it has been for Sewell & Gardener Watford!

We have been preparing for the launch of Nexus, a fantastic development of new build flats close to the town centre, and the demand is proving to be exceptional. We have experienced our best month since opening with regard to properties coming to the market and agreed sales, so everything is moving from strength to strength. The market is really positive at the moment with more competitive mortgage rates and post election signs looking promising. We are still finding there are not enough properties coming to the market for the demand of buyers though, so an influx of new sellers is greatly required.

Clarendon Road View 1 3 Feb 2015 (3)

Nexus, Clarendon Road

Today I was looking at the latest property index and from 2013 to now Watford has seen on average of 21% price increases across the board. There really isn’t a better time to buy in Watford with all the future development plans and the massive improvements in the infrastructure that have taken place in recent years. It has been confirmed that we will get the Croxley Rail Link http://www.croxleyraillink.com/ due for completion 2 years after construction starts, the intu Watford refurbishment http://intu.co.uk/watford/events/the-intu-watford-redevelopment, the Watford Health Campus http://www.watfordhealthcampus.info/the-project/masterplan and an upgrade of the already hugely popular Cassiobury Park.

In particular I would consider buying a new build property. It offers low maintenance living with 10 year guarantees on the integrity of the property. They are extremely energy efficient and in a competitive market developers are upping their quality of finish and build. There are currently a number of new build opportunities in Watford and more coming soon. This aligned with the town looking like it is finally getting itself ‘put on the map’ and the fact we now have a Premier League football team, Watford could be the place to buy and live for the foreseeable future. Here at Sewell & Gardner we certainly think so!

If you are looking to move in Watford do not hesitate to give me a call on 01923 252505 or email jordan@sewellgardner.com

Jordan Wright Property Marketing Manager

Jordan Wright
Property Marketing Manager