diff --git a/src/qt/overviewpage.cpp b/src/qt/overviewpage.cpp
index b7f1915c9c121..57510b4fdf32a 100644
--- a/src/qt/overviewpage.cpp
+++ b/src/qt/overviewpage.cpp
@@ -69,18 +69,18 @@ class TxViewDelegate : public QAbstractItemDelegate
             foreground = brush.color();
         }
 
-        painter->setPen(foreground);
-        QRect boundingRect;
-        painter->drawText(addressRect, Qt::AlignLeft | Qt::AlignVCenter, address, &boundingRect);
-
-        if (index.data(TransactionTableModel::WatchonlyRole).toBool())
-        {
+        if (index.data(TransactionTableModel::WatchonlyRole).toBool()) {
             QIcon iconWatchonly = qvariant_cast<QIcon>(index.data(TransactionTableModel::WatchonlyDecorationRole));
-            QRect watchonlyRect(boundingRect.right() + 5, mainRect.top()+ypad+halfheight, 16, halfheight);
+            QRect watchonlyRect(addressRect.left(), addressRect.top(), 16, addressRect.height());
             iconWatchonly = platformStyle->TextColorIcon(iconWatchonly);
             iconWatchonly.paint(painter, watchonlyRect);
+            addressRect.setLeft(addressRect.left() + watchonlyRect.width() + 5);
         }
 
+        painter->setPen(foreground);
+        QRect boundingRect;
+        painter->drawText(addressRect, Qt::AlignLeft | Qt::AlignVCenter, address, &boundingRect);
+
         if(amount < 0)
         {
             foreground = COLOR_NEGATIVE;