Summary - Flat 1, Archway House, Orphanage Road, WATFORD WD17 1PG
1 bed 1 bath Residential Development
Ready-made rental income close to major transport links and private parking.
Freehold residential development of ten apartments (3×1, 6×2, 1×3)
A ready-built freehold residential development of ten apartments, offered with existing assured shorthold tenancies. The block contains 3 x 1-bed, 6 x 2-bed and 1 x 3-bed units across three storeys, providing immediate rental income and a consolidated management opportunity. The total internal area is approximately 5,419 sq ft, with a private gated car park for 15 vehicles.
Located within easy walking distance of Watford Junction and the town centre, the site benefits from strong transport links, excellent mobile signal and fast broadband — attractive to commuters and young professionals. The building’s modern brick façade, dormer windows and gated entrance present well to tenants and visitors.
Important considerations for buyers: the development is in an inner-city area with very high recorded crime rates, which may affect insurance costs, tenant retention and yield assumptions. The apartments are currently tenanted, so possession will be subject to existing tenancy terms; full financials and tenancy schedules should be reviewed prior to exchange.
This freehold, let residential block suits investors seeking immediate income or landlords open to active asset management and light refurbishment to enhance rents. Practical matters such as ongoing maintenance, service arrangements, and potential refurbishment scope should be factored into valuation and exit plans.
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