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Weald Way, Reigate, RH2

South East

£465,000
Listed on 31/08/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1028 sqft

Description

This semi-detached three-bedroom property presents a promising opportunity for renovation and investment, situated in a desirable cul-de-sac that is conveniently close to local amenities and educational institutions. The layout provides ample space for customization, making it an ideal canvas for families looking to create their perfect home. Additionally, the absence of a chain simplifies the process for prospective buyers. Upon entering, you will find a hallway that leads to a kitchen equipped with a built-in larder. The ground floor also features a cloakroom, as well as a living room that flows into a dining area and a conservatory, which offers views of the well-maintained rear garden—perfect for outdoor activities or potential landscaping enhancements. The upper level comprises two generous double bedrooms alongside a single bedroom and a bathroom. Notably, there is access to loft space from the landing that could be converted (subject to planning permission), further expanding the living area and value of this property. Outside, the property boasts shared driveway access leading to a garage, with the possibility of modifying the front yard for additional parking if desired. Recent upgrades include new fencing along the property's boundary. In terms of location, Reigate town centers offer an appealing mix of prominent national retailers alongside independent shops, cafes, and eateries. Enthusiasts of diverse dining experiences can choose from various options like Bill's, Cote, Nando's, and more. Nearby Redhill enriches this area with additional retail options and sports facilities, including a swimming pool. For outdoor recreation, Priory Park serves as an attractive spot for families seeking leisure activities such as tennis or jogging along scenic paths. The park is also popular during weekends with community events like Reigate’s Park Run. Reigate is known for its excellent schools—such as Reigate Grammar and Dunottar—which adds to its appeal for family living. Commuters will appreciate direct train links from Reigate station to London Victoria and easy access to M25 Junction 8. Nearby local shops include two Co-ops along with other essentials like butchers and bakers within reach. This property not only represents an inviting family home but also holds considerable investment potential through renovation or reconfiguration. It’s an opportunity not to be missed for those looking to maximize their investment in this thriving community surrounded by numerous conveniences and amenities.

Investment Analysis

(RH2 area)

Below Market Value

This property is priced -15.3% below area average per sq ft

-15.3%
Potential saving
This Property
£452/sq ft
Area Average
£534/sq ft
Avg Rent (weekly)
£393
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£603,734
10% above area average per sq ft
Potential ROI
+19.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (RH2)

Area prices are rising by +4.3% over the last 12 months
3 year growth: 3.2%
5 year growth: 10.1%
Investment Disclaimer: Analysis based on RH2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Weald Way, Reigate, RH2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,703
Based on a loan of £348,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE