According to the public record, 1, Penfold Close, Reigate is a modern leasehold apartment with 484 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Penfold Close, Reigate, RH2 is located in the borough of Reigate and Banstead within the RH2 postal district.
1, Penfold Close, Reigate has a single entry in the Land Registry database from December 2019 and a single entry in the EPC database dated September 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in good condition, we estimate the current sale value for 1 Penfold Close Reigate as £273,319 and the rental value as £1,321 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 1 Penfold Close Reigate has increased by £271 (0.1%) and its rental value has increased by £65 per month (4.9%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Penfold Close, Reigate is in very good condition we estimate a sale value of £286,985 and rental value of £1,387 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £254,187 and a rental value of £1,229 per month.
If you were able to purchase this property for the estimated value of £273,319, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,343 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1, Penfold Close, Reigate was last sold on 23 Dec 2019 for £272,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2019, the market for similar properties has risen 3.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Penfold Close, Reigate within a radius of 560 metres over the last 2 years.
The most recent example is Flat 10, Park View 105, Bell Street, Reigate, RH2 7JB, a Leasehold flat which sold for £299,000 in May 2024.
Read more about house prices in RH2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Penfold Close, Reigate, RH2 has a total of 6 addresses. According to our analysis of all the public data, 1, Penfold Close, Reigate is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £379k less expensive than the average property in RH2.
1, Penfold Close, Reigate has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 25 Sep 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and underfloor heating.
The closest station to 1, Penfold Close, Reigate is Reigate station which is 900 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Penfold Close, Reigate, 35.5% of property is privately owned with a mortgage and 29.0% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Penfold Close, Reigate, 23.2% of residents are recorded as possessing school level qualifications and 56.4% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Penfold Close, Reigate, the average age was 39.5 and the most common age was 47.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Penfold Close, Reigate, 1.8% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Penfold Close, Reigate, there are an average of 1.2 cars per household.
See below for how this compares to South East and the rest of England & Wales.