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Parkgate Road, Reigate, Surrey, RH2 - Image 1
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Parkgate Road, Reigate, Surrey, RH2

South East

£550,000
Listed on 04/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1440 sqft

Description

This semi-detached property is positioned on a corner plot in a central location, offering excellent scope for expansion and renovation. With approximately 1,212 square feet of living space, plus an additional garage requiring complete modernization, the home presents a blank canvas for those looking to invest. The current layout features a principal sitting room opening to a dining area, and an original kitchen at the rear of the home. Additionally, there is a downstairs W.C. and storage options that enhance functionality. On the upper level, you will find two generously-sized double bedrooms along with a single bedroom and a recently updated family bathroom. A loft conversion is certainly feasible due to existing windows, which could transform into an additional useful living space. Furthermore, this property boasts both front and substantial side/rear gardens with southern exposure, perfect for outdoor enthusiasts. Located just under a mile from Reigate Station and surrounded by amenities in this vibrant market town, the property benefits from proximity to shops, cafes, restaurants, and recreational areas like Reigate Priory Park—ideal for family outings or leisurely strolls. With strong transport links to London and easy access to the M25 motorway network, this home offers both convenience and lifestyle potential in the heart of Reigate.

Investment Analysis

(RH2 area)

Below Market Value

This property is priced -28.5% below area average per sq ft

-28.5%
Potential saving
This Property
£382/sq ft
Area Average
£534/sq ft
Avg Rent (weekly)
£421
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£846,331
10% above area average per sq ft
Potential ROI
+30.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (RH2)

Area prices are stable by -1.9% over the last 12 months
3 year growth: +5.0%
5 year growth: +1.8%
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

Parkgate Road, Reigate, Surrey, RH2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,948
Based on a loan of £412,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

Price History

-15.4% since listed
£550,000£100,000(-15.4%)
07/12/2025
Current price
£650,000Initial listing
04/10/2025

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