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Somers Close, Reigate, Surrey

South East

£275,000
Listed on 07/01/2026

Property Details

Bedrooms
2
Type
Flat

Description

This first-floor apartment presents a promising opportunity for investors or first-time buyers looking to add value through renovation. Nestled within a popular gated development, it is conveniently located near local amenities and transport links, including the railway station and access to major roadways such as the M25. The property features a spacious lounge/diner that opens onto a private balcony, making it ideal for entertaining or relaxing. While the apartment benefits from gas heating and double glazing, it does require improvements and cosmetic upgrades throughout. Additional advantages include a garage, ample parking for residents and visitors, and communal gardens that enhance the overall appeal. With no chain involved, this property is competitively priced and holds significant potential for those willing to invest in enhancements.

Investment Analysis

(RH2 area)
Area Average
£531/sq ft
Avg Rent (weekly)
£419
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (RH2)

Area prices are rising by +6.7% over the last 12 months
3 year growth: 9.0%
5 year growth: 9.9%
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

Somers Close, Reigate, Surrey
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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
£1,007
Based on a loan of £206,250 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