According to the public record, 40, Park Lane, Reigate is a mid-century freehold house with 1,442 ft2 of internal area and sits on a 1,702 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Park Lane, Reigate, RH2 is located in the borough of Reigate and Banstead within the RH2 postal district.
40, Park Lane, Reigate has a single entry in the Land Registry database from September 2018 and a single entry in the EPC database dated June 2018.
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 reasonable condition, we estimate the current sale value for 40 Park Lane Reigate as £1,123,433 and the rental value as £3,413 per month giving an expected gross yield of 3.6%.
Over the last 12 months the sale value of 40 Park Lane Reigate has decreased by £14,673 (1.3%) and its rental value has increased by £117 per month (3.4%).
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 40, Park Lane, Reigate is in very good condition we estimate a sale value of £1,179,604 and rental value of £3,584 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,044,792 and a rental value of £3,174 per month.
If you were able to purchase this property for the estimated value of £1,123,433, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £5,521 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 data from HM Land Registry, 40, Park Lane, Reigate sits on a plot of 1702m2.
We have plot size data on 10 out of 31 other houses in the postcode and 40, Park Lane, Reigate sits on the 4th largest plot.
According to HM Land Registry, 40, Park Lane, Reigate was last sold on 10 Sep 2018 for £1,187,250 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2018, the market for similar properties has risen 16.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Park Lane, Reigate within a radius of 910 metres over the last 2 years.
The most recent example is 1, Wesley Close, Reigate, RH2 8JS, a Freehold house which sold for £1,460,000 in Jun 2022.
Read more about house prices in RH2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Lane, Reigate, RH2 has a total of 50 addresses. According to our analysis of all the public data, 40, Park Lane, Reigate is the 34th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £471k more expensive than the average property in RH2.
40, Park Lane, Reigate has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 29 Jun 2018.
The property is connected to mains gas and has partial secondary glazing. It is heated using a boiler and radiators.
The closest station to 40, Park Lane, Reigate is Reigate station which is 900 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 40, Park Lane, Reigate, 60.4% of property is privately rented and 23.4% 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 40, Park Lane, Reigate, 12.0% of residents are recorded as possessing school level qualifications and 48.1% 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 40, Park Lane, 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 40, Park Lane, Reigate, 3.4% 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 40, Park Lane, Reigate, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.