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Downswood, Reigate, RH2

South East

£550,000
Listed on 18/09/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1205 sqft

Description

Situated in a desirable cul-de-sac, this three-bedroom linked detached bungalow presents an inviting canvas for renovation and investment. With a garage and ample off-road parking, the property is set up for both convenience and potential enhancement. The spacious interior layout is ready for reimagining, allowing a new owner to apply their vision or make modifications with the possibility of extending (subject to planning approval). Upon entry, you will notice the warm ambiance that flows through the living areas, creating a welcoming environment that can easily be tailored to suit individual tastes. All three bedrooms are generously sized, with one currently utilized as a dining room—an adaptable space that adds to the overall functionality. The manageable rear garden offers a private retreat, perfect for outdoor relaxation or entertaining guests. This property boasts a strategic location close to highly regarded schools, including St. Bedes School and the Royal Alexandra & Albert School, making it an attractive option for families prioritizing quality education. Easy access to both Redhill and Reigate town centers enhances its appeal by providing residents with diverse shopping and dining options. For commuters, this home’s proximity to transport links makes it ideal for those working in London. Redhill Town Centre is just about a mile away, while Reigate Town Centre can be reached in approximately 1.2 miles, ensuring daily conveniences are readily accessible. In summary, this bungalow offers not only immediate comfort but also significant renovation potential in an enviable location. Whether you're looking to customize your living space or secure an investment opportunity in this thriving area, this property invites your imagination. Schedule a viewing today to explore the possibilities it holds.

Investment Analysis

(RH2 area)

Below Market Value

This property is priced -14.5% below area average per sq ft

-14.5%
Potential saving
This Property
£456/sq ft
Area Average
£534/sq ft
Avg Rent (weekly)
£393
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£707,684
10% above area average per sq ft
Potential ROI
+19.9%
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

Downswood, 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
£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.

Next Steps

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