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Gatton Road, Reigate, Surrey, RH2

South East

£925,000

Listed on 03/11/2025

Property details

Bedrooms
4
Type
Bungalow
Area
1713 sqft

Description

This four-bedroom detached bungalow, located on a sought-after private road to the north of Reigate town centre, offers significant potential for renovation or modernization. Fornebia, built in the 1960s, is coming to the market for the first time in fifty years, making it a unique opportunity for buyers looking to invest in a property with charm and character. The residence is complemented by expansive wraparound gardens and a peaceful outlook at the rear. The home features approximately 1,713 sq ft of living space all on one level, which includes a well-sized kitchen/dining area, a dual-aspect sitting room with stone-surround fireplace, four bedrooms along with a family bathroom and an ensuite off the main bedroom. A utility room provides convenient access to the garden. While well-maintained over the years, this property is ripe for transformation into a modern family home in one of the area's premier locations. With careful planning and vision, it could be reimagined to meet contemporary standards while retaining its inherent appeal.

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Investment analysis

(RH2 area)

Above Market Value

This property is priced +0.5% above area average per sq ft

+0.5%
This Property
£540/sq ft
Area Average
£537/sq ft
Avg Rent (weekly)
£393
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£1,012,434
10% above area average per sq ft
Potential ROI
-1.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (RH2)

Area prices are stable by -1.3% over the last 12 months
3 year growth: +7.7%
5 year growth: +6.1%
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

Gatton Road, Reigate, Surrey, RH2
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£3,495
Based on a loan of £693,750 over 30 years at 4.45% 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

-7.5% since listed
£925,000£74,950(-7.5%)
03/03/2026
Current price
£999,950Initial listing
07/11/2025

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