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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 05/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1440 sqft

Description

This three-bedroom semi-detached home is situated on a desirable corner plot spanning 0.2 acres, offering a wealth of potential for renovation and expansion. The property features a functional layout across two levels, providing around 1,212 square feet of living space, plus an attached garage. The ground floor consists of a spacious sitting room that flows into a dining area and an original kitchen at the rear. A downstairs W.C. and cloakroom add convenience, while ample storage options are also available. Upstairs, you will find two well-sized double bedrooms alongside a single bedroom, each benefitting from fitted wardrobes. A newly installed family bathroom enhances this level's appeal. The loft area is another highlight, featuring windows and presenting an ideal opportunity for conversion into additional living space, subject to the necessary permissions. The exterior boasts a front garden with driveway access to the detached garage and a generous side and rear garden that enjoys south-facing sunlight—ideal for outdoor projects or landscaping enthusiasts. Located in the heart of Reigate, this property benefits from proximity to local amenities, just under a mile from Reigate Station and close to the vibrant town center. Reigate is known for its blend of historic character and modern conveniences, making it an attractive option for families seeking a lifestyle change within commuting distance of London. The town offers a diverse range of shops and services that reflect traditional English community life while maintaining a contemporary vibe. Popular cafés and restaurants enhance the local dining scene. Commuting from Reigate Station takes approximately 40 minutes to central London, with Redhill station nearby providing faster connections to various destinations. Reigate also boasts abundant recreational opportunities; Reigate Priory Park serves as a key green space in town, featuring playgrounds, sports courts, and walking paths. Additionally, the surrounding countryside offers scenic walking and cycling routes along the North Downs Way. Educationally, Reigate is well-served by both state and independent schools catering to children of all ages. With its numerous attributes—potential for improvement, prime location with local amenities, strong transport links, and excellent schools—this property represents a promising investment opportunity in an increasingly sought-after area.

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)
£393
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£845,698
10% above area average per sq ft
Potential ROI
+36.4%
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

Parkgate Road, Reigate, Surrey, 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
£2,015
Based on a loan of £412,500 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