Exhibit 23.3 - Consent of Deloitte & Touche,
                   Independent Auditors, Predecessor Auditors


INDEPENDENT AUDITOR'S CONSENT

We  consent  to  the  incorporation  by  reference  in  Registration  Statements
(Post-Effective  Amendment No. 1 to Form S-8 No.  33-30377,  No.  33-37926,  No.
33-69422, No. 33-64627 and No. 333-32685) of Watts Industries,  Inc. on Form S-8
of our report dated August 6, 1996 (which  expresses an unqualified  opinion and
indicates that the financial  statements  have been prepared in accordance  with
accounting  principles generally accepted in the Netherlands and comply with the
legal requirements for financial statements as included in Part 9, Book 2 of the
Netherlands  Civil Code),  with  respect to the  financial  statements  of Watts
Industries  Europe B.V. (not presented  separately  herein) and our report dated
August 6,  1996,  with  respect to the  financial  statement  schedule  of Watts
Industries  Europe B.V. (not  presented  separately  herein),  appearing in this
Annual Report on Form 10-K of Watts Industries, Inc. for the year ended June 30,
1997.


Deloitte & Touche
September 12, 1997
Leiden, The Netherlands



INDEPENDENT AUDITORS' REPORT

Board of Directors
Watts Industries Europe B.V.

We have audited the financial  statements  including  the  consolidated/combined
balance  sheet of  Watts  Industries  Europe  B.V.  as of June 30,  1996 and the
statements of operations  for each of the two years in the period ended June 30,
1996 (not  separately  presented  herein)  expressed  in Dutch  Guilders.  These
financial  statements are the  responsibility of the Company's  management.  Our
responsibility is to express an opinion on the financial statements based on our
audits.

We conducted our audits in accordance with auditing standards generally accepted
in the  Netherlands and the United States of America.  Those  standards  require
that we plan and perform the audit to obtain reasonable  assurance about whether
the financial  statements are free of material  misstatement.  An audit includes
examining,  on a test basis,  evidence supporting the amounts and disclosures in
the  financial  statements.  An audit also  includes  assessing  the  accounting
principles  used  and  significant  estimates  made  by  management,  as well as
evaluating the overall financial  statements  presentation.  We believe that our
audits provide a reasonable basis for our opinion.

In  our  opinion,  the  consolidated/combined   financial  statements  of  Watts
Industries  Europe  B.V.  present  fairly  the  consolidated/combined  financial
position of Watts Industries Europe B.V. as of June 30, 1996 and the results for
each of the two years in the  period  ended  June 30,  1996 in  accordance  with
accounting  principles generally accepted in the Netherlands and comply with the
legal requirements for financial statements as included in Part 9, Book 2 of the
Netherlands Civil Code.

Generally  accepted  accounting  principles in the  Netherlands  vary in certain
significant respects from generally accepted accounting principles in the United
States.  The application of the latter would have affected the  determination of
consolidated/combined net earnings in the years ended June 30, 1996 and 1995 and
the  determination  of  stockholders'  equity  at June  30,  1996 to the  extent
summarized in Note G to the financial statements.


Deloitte & Touche
August 6, 1996
Leiden, The Netherlands



INDEPENDENT AUDITORS' REPORT


We have audited the financial  statements  including  the  consolidated/combined
financial  statements of Watts Industries Europe B.V., a wholly owned subsidiary
of Watts Industries,  Inc. as of June 30, 1996, and for each of the two years in
the period ended June 30, 1996,  and have issued our report thereon dated August
6, 1996 (which expresses an unqualified opinion and indicates that the financial
statements have been prepared in accordance with accounting principles generally
accepted in the Netherlands and comply with the legal requirements for financial
statements  as included in Part 9, Book 2 of the  Netherlands  Civil Code).  Our
audits also included Financial  Statement Schedule II of Watts Industries Europe
B.V. (not presented separately herein) which is included in the related schedule
of  Watts  Industries,  Inc.,  in the  Annual  Report  on  Form  10-K  of  Watts
Industries,  Inc. for the year ended June 30,  1997.  This  financial  statement
schedule is the responsibility of the Company's  management.  Our responsibility
is to express an opinion based on our audits.

In our opinion, the financial statement schedule of Watts Industries Europe B.V.
referred to above, when considered in relation to the basic financial statements
taken as a whole,  presents fairly in all material  respects the information set
forth therein.

Deloitte & Touche
August 6, 1996
Leiden, The Netherlands