House prices in Watford have soared by an average of over £10,000 in the month of December, according to figures from the Land Registry.

The latest data from the government department reveals that in December 2022 average house prices in Watford reached £415,406.

This was up from £405,296 in November, representing over a 2.5 per cent increase. In the last 12 months it has risen by 11.6 per cent.

If you are interested in buying or renting a home, you can see the latest properties in and around Watford here.

How much have house prices increased in Watford?

Breaking it down for specific types of housing, all prices saw an increase.

  • Detached houses - Up to £1,013,880 from £992,566 in November
  • Semi-detached houses - Up to £564,967 from £552,097 in November
  • Terraced houses - Up to £447,960 from £437,019 in November
  • Flats - Up to £290,730 from £282,966 in November

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How do Watford house prices compare to the UK average?

Even when comparing Watford to the picture across the UK, the area is well above the UK average with a typical property value in the nations reaching £294,329 in December.

In cash terms, the average house price in December was £26,214 higher than a year earlier with house price growth accelerating to 9.8 per cent in December 2022. Prices were down by -0.4 per cent month on month.

How much could your house be worth?

We have created this map for the East of England so you can see the average house price in each neighbourhood since 1995.

Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.

The above map can demonstrate which areas of Watford are the most expensive for average house prices.