Investing in Property

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    Property Investments in Watford

    If you’re interested in property investment, then look no further than Watford. It’s a town and borough contained within the county of Hertfordshire, close to London. Watford’s proximity to the capital and transport links land the town firmly in the heart of the commuter belt, making it a fantastic location for property investors to discover. 

    Why Should You Invest in Watford?

    There are many different reasons as to why you should choose to include Watford within your property portfolio, with the town offering a lot of opportunities for savvy investors. The town – measuring 8.301 square miles – currently has an estimated population of 102,300 people, and looks set to continue to rise.

    Several areas, including Nascot Wood – the largest residential area in the town – make Watford a prime location for investors. 

    Key Reasons to Invest in Watford

    More affordable property – Whilst, compared to other parts of the UK, Watford isn’t the cheapest area to live in, it’s much more affordable than London itself. It being a cheaper alternative to living in the capital has led to its growth in investment opportunities.

    It’s very clear to see that Watford is a town with high prospects for those looking to expand their property portfolios. If you’re considering investing in London, Watford might be a better choice as it has much cheaper property prices for those with lower budgets.

    apartment building in watford

    The Current Property Market in Watford and the Future Potential of the Town

    Watford’s property market has grown rapidly over the last few years, and it’s only set to rise in the future, as the previous statistics from Dataloft show. Other statistics based around the housing market in Watford speak for themselves – in August 2021, Watford recorded the third-highest average house price increase in the country over a ten year period.

    The Rental Market in Watford

    Another aspect of the housing market in Watford relates to rental property, which is a valuable addition to any investment property portfolio. As previously shown, housing in London and the commuter towns surrounding the capital is very much in demand at the moment, with a shortage of available properties to buy.

    How Will the Cost of Living Crisis Affect Watford’s Housing Market?

    It’s important to do your research before investing in property, taking into account current events and the potential future of the property market. Whilst stability within this market does fluctuate, economists and financial experts can make an educated guess at what the future holds.

    Our Investment Properties in Watford

    At Brite Developments, we currently have one development in progress, with more to come in the near future. The Clarendon is our flagship building in Watford, featuring 168 luxury private apartments, ranging from studios all the way through to our selection of penthouses. The Clarendon truly lets residents live in the lap of luxury, featuring a fantastic array of amenities: 

    Concierge

    Private cinema room

    Gym 

    Sky garden on the 25th floor

    office people

    Interested in Property Investment in Watford? You’ve Come to the Right Place!

    At Brite Developments, we’ve got over 30 years worth of experience in the property development and investment market, working through several economic downturns and recessions, as well as housing booms. Because of this, we know exactly how the property market works, so you can trust us to handle your property investment needs in a professional and agile manner. 

    Development Properties