Penn Road, Watford WD24 4AD, United Kingdom

The Exchange

Berkeley Group
FromGBP297,500 – GBP700,000
Converting...
Gross yield6.1%
Exp. 5-yr capital growth16%
CompletionQ3 2027
Payment termsReservation fee: £2,500 (studio/1-bed) or £5,000 (2/3-bed). Exchange within 21 days. Union Cour…

About the property

Sixteen minutes to central London, a short walk from the mainline station

A mixed-use regeneration beside one of Hertfordshire's principal mainline stations has created a new residential quarter of premium apartments, arranged around landscaped squares and public open space with ground-floor commercial and retail. Homes are delivered across two phases, the first already complete and the second finishing in late 2027, with triple-glazed doors opening onto private balconies and terraces, quartz kitchen worktops and hotel-style shared amenities including a gymnasium, screening room, business lounge and 24-hour concierge. The station is a four-minute walk, with ten trains an hour reaching central London in sixteen minutes. The town is consistently ranked among the best places to live and work outside London and has GBP 1.5 billion of regeneration investment underway. It suits income-focused buyers targeting outer-London commuter demand.

Why buy

  • 16 Minutes to Central London

    Watford Junction station is just a 4-minute walk from The Exchange, with 10 trains per hour reaching London Euston in only 16 minutes. From Euston, King's Cross is 1 minute further, Oxford Circus 2 minutes, and Bank 10 minutes — putting the entire capital within easy daily reach.

  • UK's #2 Place to Live and Work Outside London

    Watford was ranked #2 in the 2026 UK Vitality Index as the best place to live and work outside London. With £1.5 billion of regeneration investment underway, the town is rapidly establishing itself as a premier commuter destination with an active social scene, independent restaurants and major retail.

  • 16.4% Forecast Price Growth

    Average forecasts from JLL, Savills and Knight Frank predict 16.4% cumulative price growth for prime Outer London property from 2024-2028. Watford has already outperformed London with 5.3% price growth over the last 4 years, and rental growth forecasts reach up to 7.7% per annum.

  • Premium Berkeley Standard

    Every apartment is finished to the award-winning Berkeley standard with triple-glazed doors, quartz kitchen worktops, chrome bathroom fittings and luxury laminate flooring. Residents enjoy hotel-style amenities including a fully equipped gym, screening room, business lounge, and 24-hour concierge.

  • Warner Bros. Studios Expansion

    Warner Bros. Studios Leavesden — home of the Harry Potter Studio Tour — sits just 2.1 miles away and is undergoing a major expansion adding 10 new sound stages and 400,000 sq ft of production space. This investment is driving employment growth and further elevating the area's profile.

The address

  • National Rail — London Euston in 16 mins [4-minute walk, 0.5 km]
  • Metropolitan line to Baker Street [17-minute walk, 1.3 km]
  • Major terminus — Northern & Victoria lines [16 mins by train]
  • Harlequin Watford Shopping Centre (22-min walk) Watford Market Street (7 mins by bus) High street shops, independent bars & restaurants
  • Cassiobury Park (190 acres, 7 mins by bike) Oxhey Park & Activity Park nearby The Grove Hotel & Spa (9 mins by car) 1.6 acres of on-site landscaped open space
  • Warner Bros. Studio Tour (14 mins by bike, 2.1 miles) Watford Football Club Wembley Stadium (11 mins by train)
  • University of Hertfordshire (20 mins) Royal Academy of Dramatic Art (25 mins via Euston) UCL, King's College London, LSE (within 30 mins)
  • Merchant Taylors' School (nearby) St Margaret's School St Hilda's Prep School for Girls Charlotte House Preparatory School The Royal Masonic School for Girls York House School

Nearby transport, places and schools are as recorded by the seller. Confirm distances and school admissions independently before advising.

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John Yan

Berkeley Group

Berkeley Group

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