The Exchange Watford

Development Overview

The Exchange Watford is a new build apartment development by premium developer Berkeley Homes, located on Penn Road, Watford, WD24 4AD, Hertfordshire. The development offers a selection of studios, one, two, and three-bedroom apartments, with the first phase, Union Court, having homes ready to move into now or slated for completion in early Q1 2025. This contemporary urban scheme is central to Watford's ongoing £180m regeneration, which is transforming the town’s infrastructure and leisure facilities. Prices for available new build homes range from approximately £294,750 up to £504,750.

Property Details and Amenities

These contemporary apartments feature open-plan layouts designed to maximize light and space. Specific features include engineered flooring throughout the main living areas, hallways, and kitchens, with fitted carpets in all bedrooms. Kitchens are finished with soft-close cabinets and units, and bathrooms feature marble-effect wall tiles. Each apartment benefits from modern specifications, including electric heating, and a private balcony or terrace. Secure parking is available on request, with some spaces featuring Electric Vehicle (EV) charging points. The development’s leasehold tenure provides peace of mind with a 10-year warranty.

The Exchange is designed to foster community living, integrating over 6 acres of communal gardens and green space, including a resident-only Podium Garden and a private rooftop garden with an urban allotment. The wider landscaping incorporates impressive art installations and four distinct green areas: Dickinson Mews Gardens, Dickinson Mews Square, Penn Square, and Fauna Walk. Residents benefit from extensive on-site amenities, including a 24-hour concierge service, a well-equipped residents' gym, a dedicated business lounge for remote working, and a cinema/screening room for communal entertainment.

Location Benefits

Transport connectivity is a key feature of The Exchange. The development is situated only a four-minute walk from Watford Junction train station, providing direct services to London Euston (Zone 1) in a rapid 14 to 16-minute journey time. For road commuters, the M25 motorway is approximately a 12-minute drive away. International travel is accessible via London Luton Airport (28 minutes by car) and Heathrow Airport (45 minutes by car). Local bus routes, including the 319, 329, 352, 951, W30, and the TfL 142 bus (to Brent Cross), stop nearby at Watford Exchange Road.

Local amenities are comprehensive, with the large Atria shopping centre offering over 140 shops, restaurants, and a cinema a short distance away. For green space, the 188-acre Cassiobury Park is within a 15-minute walk. Future plans for the immediate area include a new on-site nursery and a two-form entry primary school, forming part of the masterplan for the wider ‘Eight Gardens’ regeneration, offering further education convenience for families. The development also incorporates 15,000 sq ft of commercial space at ground level.

Practical Information

The new build properties are available with pricing across the range of bedroom counts: Studios, 1, 2, and 3 bedroom apartments, with specific two-bedroom units recently advertised for sale around £476,000. Viewing arrangements for the Sales & Marketing Suite and showhome (where available) are typically Mon–Sat: 10am–6pm (late night on Thu until 7pm) and Sun/Bank Hols: 10am–4pm. For the most current availability, specific floorplans, and latest pricing across the three-bedroom apartments, prospective buyers should contact the developer directly.