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Priory Drive, Reigate, Surrey, RH2

South East

£895,000
Listed on 05/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1428 sqft

Description

This three-bedroom detached home, situated in a peaceful cul-de-sac near Reigate's Priory Park, presents a noteworthy opportunity for renovation or investment. With its solid structure dating back to the 1960s, the property offers ample scope for reconfiguration and expansion, subject to the necessary planning permissions. Spanning two floors, this residence provides 1,428 square feet of living space and features an attached garage. The layout includes bedrooms located on the lower ground floor, making it adaptable for various family needs. The main level hosts a dual-aspect kitchen with room for a breakfast table, and a spacious sitting/dining room equipped with a feature fireplace that adds character to the space. Additionally, there is a versatile study that could serve as a guest bedroom or home office. Each of the three bedrooms is fitted with built-in wardrobes, ensuring adequate storage while maximizing floor space. Completing this floor is a family bathroom featuring both a shower and bath, catering to everyday convenience. The outdoor areas include generously sized lawns at both the front and rear of the property, complemented by established hedging for privacy. A block-paved driveway provides ample off-street parking alongside the garage access from both garden and driveway. Given its generous dimensions and tranquil location within proximity to local amenities and recreational spaces, this property represents an ideal canvas for anyone looking to design their perfect family home while also offering promising potential for future value enhancement.

Investment Analysis

(RH2 area)

Above Market Value

This property is priced +17.4% above area average per sq ft

+17.4%
This Property
£627/sq ft
Area Average
£534/sq ft
Avg Rent (weekly)
£393
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£838,650
10% above area average per sq ft
Potential ROI
-14.0%
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

Priory Drive, 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
£3,279
Based on a loan of £671,250 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