Market outlook for WD2
Key indicators for buyers
The WD2 market presents a mixed picture for buyers. Prices are rising at 1073.1%, which may favour acting sooner rather than later. 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.
Price trends
Yearly averages · HM Land Registry Price Paid Data
The average property in WD2 sold for £1,660,000 in 2024, with a median of £1,660,000 across 1 transactions. Prices rose 1073.1% compared to the previous year.
Affordability ratio
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.
Rental trends
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.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Watford price of £1,660,000 with a 25% deposit (£415k), a 2-year fixed mortgage at 3.97% costs around £6,551 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses WD2 avg. price with Watford rental data
Monthly mortgage payments (£6,551) are £4,736 more than renting (£1,815). However, buying requires an upfront deposit of £415k — it would take around 34583 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
UNIT 1, REGAL WAY WD2 4YJ | Other | £1,660,000 | 30 Oct 2024 |
119, WESTFIELD AVENUE WD2 4HF | Flat/Maisonette | £141,500 | 19 Aug 2010 |
72B, BUSHEY MILL LANE WD2 4QR | Flat/Maisonette | £152,000 | 8 Aug 2008 |
72B, BUSHEY MILL LANE, WATFORD WD2 4QR | Flat/Maisonette | £138,000 | 21 Jul 2006 |
119, WESTFIELD AVENUE WD2 4HF | Flat/Maisonette | £130,000 | 9 Dec 2005 |
72A, BUSHEY MILL LANE, WATFORD WD2 4QR | Flat/Maisonette | £133,000 | 6 Sept 2005 |
119, WESTFIELD AVENUE WD2 4HF | Flat/Maisonette |
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.