According to the public record, Flat 5, Merryweather Court 39, Reigate is a modern leasehold apartment with 646 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Merryweather Court, Croydon Road, Reigate, RH2.
Croydon Road, Reigate, RH2 is located in the borough of Reigate and Banstead within the RH2 postal district.
Flat 5, Merryweather Court 39, Reigate has 2 entries in the Land Registry database, most recently in July 2020 and a single entry in the EPC database dated March 2011.
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 Flat 5 Merryweather Court 39 Reigate as £277,729 and the rental value as £1,440 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 5 Merryweather Court 39 Reigate has increased by £3 (0.0%) and its rental value has increased by £69 per month (4.8%).
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 Flat 5, Merryweather Court 39, Reigate is in very good condition we estimate a sale value of £291,615 and rental value of £1,512 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £258,288 and a rental value of £1,339 per month.
If you were able to purchase this property for the estimated value of £277,729, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,365 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, Flat 5, Merryweather Court 39, Reigate was last sold on 29 Jul 2020 for £305,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2020, the market for similar properties has risen 2.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Merryweather Court 39, Reigate within a radius of 620 metres over the last 2 years.
The most recent example is Flat 8, Merryweather Court 39, Croydon Road, Reigate, RH2 0LZ, a Leasehold flat which sold for £340,000 in May 2023.
Read more about house prices in RH2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Croydon Road, Reigate, RH2 has a total of 170 addresses. According to our analysis of all the public data, Flat 5, Merryweather Court 39, Reigate is the 128th largest and the 123rd most expensive property on the street.
When compared to the postcode district it is £375k less expensive than the average property in RH2.
Flat 5, Merryweather Court 39, Reigate has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 25 Mar 2011.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 5, Merryweather Court 39, Reigate is Reigate station which is 500 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 5, Merryweather Court 39, Reigate, 41.2% of property is privately rented and 39.9% is privately owned with a mortgage.
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 Flat 5, Merryweather Court 39, Reigate, 13.7% of residents are recorded as possessing school level qualifications and 57.0% 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 Flat 5, Merryweather Court 39, Reigate, the average age was 41.7 and the most common age was 12.
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 Flat 5, Merryweather Court 39, Reigate, 0.3% 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 Flat 5, Merryweather Court 39, 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.