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Wrayfield Avenue, Reigate, RH2

South East

£875,000
Listed on 15/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1421 sqft

Description

This detached bungalow presents an exceptional opportunity for those looking to invest in a property with considerable potential for enhancement. Situated on a spacious corner plot within a tranquil cul-de-sac near Wray Common, this home is offered with no onward chain, making it ideal for immediate occupancy or renovation projects. The interior boasts a bright and airy atmosphere, particularly highlighted by the expansive dual-aspect lounge that benefits from large picture windows, showcasing picturesque views of the North Downs. This sizable area provides ample room for both living and dining arrangements, perfect for entertaining guests or unwinding at the end of the day. The well-designed kitchen features a breakfast bar and plenty of fitted storage, facilitating efficient cooking and casual dining. Additionally, a separate utility room enhances functionality with direct outdoor access, streamlining daily chores. With two substantial double bedrooms plus an adaptable third bedroom currently utilized as an office, this residence offers flexibility tailored to various lifestyles. The presence of two bathrooms adds further convenience for family living. A notable highlight is the expansive loft area with boarded eaves that not only serves as valuable storage but also hints at significant potential for conversion into additional living space (subject to planning permissions). Many neighbouring properties have successfully extended their homes, providing prospects to enhance your living environment further. Externally, the property benefits from mature gardens that envelop three sides of the home, offering privacy and serene outdoor spaces perfect for relaxation or gatherings. The elevated location affords stunning views towards the North Downs, enhancing the overall appeal. Parking is accommodated by a private driveway suitable for two vehicles leading to a single garage that could be repurposed as an office or workshop (again subject to relevant permissions). Located in cherished Reigate, mere moments from Wray Common and within easy reach of scenic Gatton Park, this property combines peaceful surroundings with excellent accessibility to local amenities including shops and schools. Both Redhill and Reigate railway stations provide quick links to London and Gatwick, ensuring convenience for commuters. With its prime position at the foot of an Area of Outstanding Natural Beauty, there is remarkable potential here to transform this already charming bungalow into a personalised sanctuary.

Investment Analysis

(RH2 area)

Above Market Value

This property is priced +15.8% above area average per sq ft

+15.8%
This Property
£616/sq ft
Area Average
£532/sq ft
Avg Rent (weekly)
£405
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£831,178
10% above area average per sq ft
Potential ROI
-11.1%
After renovation
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
21%
Properties sold annually

Local Market Trend (RH2)

Area prices are rising by +3.3% over the last 12 months
3 year growth: +8.2%
5 year growth: +6.2%
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

Wrayfield Avenue, Reigate, RH2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,156
Based on a loan of £656,250 over 30 years at 4.06% 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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