According to the public record, Flat 5, The Gables 14, Reigate is a period leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Gables, Somers Road, Reigate, RH2.
Somers Road, Reigate, RH2 is located in the borough of Reigate and Banstead within the RH2 postal district.
Flat 5, The Gables 14, Reigate has 41 entries in the Land Registry database, most recently in June 2006 and a single entry in the EPC database dated February 2021.
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.
1Sales dated prior to 2007 are shown, but are not used in our calculations.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 5 The Gables 14 Reigate as £260,202 and the rental value as £1,258 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 5 The Gables 14 Reigate has increased by £3 (0.0%) and its rental value has increased by £60 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, The Gables 14, Reigate is in very good condition we estimate a sale value of £273,212 and rental value of £1,321 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £241,988 and a rental value of £1,170 per month.
If you were able to purchase this property for the estimated value of £260,202, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,279 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, The Gables 14, Reigate was last sold on 29 Jun 2006 for £155,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, The Gables 14, Reigate within a radius of 590 metres over the last 2 years.
The most recent example is Flat 1, 28, Somers Road, Reigate, RH2 9DZ, a Leasehold flat which sold for £277,500 in Nov 2022.
Read more about house prices in RH2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somers Road, Reigate, RH2 has a total of 131 addresses. According to our analysis of all the public data, Flat 5, The Gables 14, Reigate is the 123rd largest and the 111th most expensive property on the street.
When compared to the postcode district it is £392k less expensive than the average property in RH2.
Flat 5, The Gables 14, Reigate has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Feb 2021.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 5, The Gables 14, Reigate is Reigate station which is 200 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 Flat 5, The Gables 14, Reigate, 54.9% of property is privately rented and 24.3% 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, The Gables 14, Reigate, 14.8% of residents are recorded as possessing school level qualifications and 48.4% 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 Flat 5, The Gables 14, 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, The Gables 14, Reigate, 2.6% 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, The Gables 14, 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.