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Located on the Grand Union Canal, the Colne and Gade Rivers, and the northwestern edge of London, Watford is a town and municipality (district) in the official and civil county of Hertfordshire, England. It was designated as an urban district under the Local Government Act of 1894 and was given the charter to become a municipal borough in 1922.
As home to numerous corporate headquarters, Watford has different housing types for the working population and their families.
Property Yield and Valuation
Investors continue to flock to the Watford housing market because the real estate market has seen significant growth in recent years. There is a wide variety of options available in remote settlements, and the rates are competitive. Demand is outpacing supply, contributing to the overall surge of real estate prices in Watford and the surrounding area.
Watford's average home price over the past 12 months was £434,940. With an investment of £1.5 billion over the next 20 years, the area has regeneration plans underway, with hopes to become among the best UK business hubs. Watford area will embrace the culture, leisure, and businesses as the redesigning efforts push it further ahead in property development.
The average rental yield in the Watford area is 3.2%, and the average rental price is £2,247 per month. With a high demand for housing for the working population, Watford is quite profitable for investors, especially those in the market for buy-to-rent properties.
Why Watford Is Favorable for Hong Kong Investors or Business Enthusiasts
Transport Links
Excellent transportation connections are available from Watford to London, the Midlands, and other locations. Despite being outside the city, it is still located within Zone 7 of the London Fare Zones. In about 20 minutes, you can reach Baker Street, and in 40 minutes, you can get to London Euston.
Garston, Watford North, and Watford Junction are the three nearby rail stations. The Watford - Aldgate section of the Metro Line has a stop at Watford that is also accessible by subway, with services departing every ten minutes.
For motorists, Watford is conveniently adjacent to the M1 (which connects London to the Midlands, Northern England) and the M25 London Orbital Motorway, the two primary routes in and out of London. There is also the Watford Ring Road, which reduces traffic while connecting all areas of Watford.
Watford is best visited on foot, though. There are numerous walking paths to explore the town and its surroundings. Another choice is cycling, and there are over 215 cycle routes accessible.
Schools
Many highly rated local schools in Watford have good and outstanding Ofsted ratings. For further education, students can enroll in exceptional further and higher learning institutions in Watford or London that have remarkable reputations and performances. With certifications from these prestigious schools, they can go on to become influential members of society.
Safety
Although there is crime in Watford, it is lower than the national crime rate; there are numerous neighborhood watch groups and safer neighborhood teams operating throughout Hertfordshire county. Additionally, Watford is host to a Business Improvement District program that actively assists and enhances neighborhood security.
