According to the public record, Flat 5, Oak House, Reigate is a mid-century leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Oak House, Oakfield Drive, Reigate, RH2.
Oakfield Drive, Reigate, RH2 is located in the borough of Reigate and Banstead within the RH2 postal district.
Flat 5, Oak House, Reigate has a single entry in the Land Registry database from July 2018 and a single entry in the EPC database dated May 2017.
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 Oak House Reigate as £279,669 and the rental value as £1,439 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 5 Oak House Reigate has increased by £602 (0.2%) and its rental value has increased by £71 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 Flat 5, Oak House, Reigate is in very good condition we estimate a sale value of £293,653 and rental value of £1,511 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £260,092 and a rental value of £1,339 per month.
If you were able to purchase this property for the estimated value of £279,669, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,374 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, Oak House, Reigate was last sold on 12 Jul 2018 for £267,250 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2018, the market for similar properties has risen 5.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Oak House, Reigate within a radius of 740 metres over the last 2 years.
The most recent example is Flat 1, Rowan House, Oakfield Drive, Reigate, RH2 9NZ, a Leasehold flat which sold for £300,000 in Apr 2022.
Read more about house prices in RH2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oakfield Drive, Reigate, RH2 has a total of 40 addresses. According to our analysis of all the public data, Flat 5, Oak House, Reigate is the 28th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £373k less expensive than the average property in RH2.
Flat 5, Oak House, Reigate has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 May 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 5, Oak House, 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, Oak House, Reigate, 36.6% of property is privately owned outright and 31.7% 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, Oak House, Reigate, 19.0% of residents are recorded as possessing school level qualifications and 54.9% 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, Oak House, 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, Oak House, Reigate, 0.4% 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 Flat 5, Oak House, Reigate, there are an average of 1.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.