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Felland Way, Reigate, Surrey RH2

South East

£450,000

Listed on 26/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1045 sqft

Description

Tucked away at the end of a quiet cul de sac, this semi-detached property presents a remarkable opportunity for renovation in an area that's highly sought after due to its proximity to Reigate School, local shops, and the scenic Earlswood Lakes. The home is currently in need of modernisation, providing a versatile blank canvas that allows future owners to infuse their personal style. The front driveway offers parking convenience, while the sizeable rear garden enjoys pleasant vistas over adjacent allotments. Inside, the layout includes a kitchen breakfast room featuring a quaint W/C and a spacious lounge diner complete with sliding doors leading to a conservatory that overlooks the garden. Originally designed as a three-bedroom home, the first floor has been modified to provide two bedrooms; however, there is potential to revert it back to its original configuration if desired. A family bathroom completes this level, making it an inviting space for families looking to invest time and resources into creating their ideal living environment.

Investment Analysis

(RH2 area)

Below Market Value

This property is priced -19.6% below area average per sq ft

-19.6%
Potential saving
This Property
£431/sq ft
Area Average
£536/sq ft
Avg Rent (weekly)
£402
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£615,787
10% above area average per sq ft
Potential ROI
+25.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (RH2)

Area prices are rising by +2.9% over the last 12 months
3 year growth: +12.0%
5 year growth: +7.9%
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

Felland Way, 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
£1,700
Based on a loan of £337,500 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

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