According to the public record, Flat 7, Flanchford House, Reigate is a mid-century leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Flanchford House, Somers Close, Reigate, RH2.
Somers Close, Reigate, RH2 is located in the borough of Reigate and Banstead within the RH2 postal district.
Flat 7, Flanchford House, Reigate has 3 entries in the Land Registry database, most recently in September 2022 and a single entry in the EPC database dated May 2016.
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 7 Flanchford House Reigate as £288,499 and the rental value as £1,464 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 7 Flanchford House Reigate has decreased by £4,895 (1.7%) and its rental value has increased by £44 per month (3.0%).
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 7, Flanchford House, Reigate is in very good condition we estimate a sale value of £302,924 and rental value of £1,538 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £268,304 and a rental value of £1,362 per month.
If you were able to purchase this property for the estimated value of £288,499, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,418 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 7, Flanchford House, Reigate was last sold on 05 Sep 2022 for £325,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2022, the market for similar properties has dropped 4.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Flanchford House, Reigate within a radius of 600 metres over the last 2 years.
The most recent example is Flat 20, Littleton House, Somers Close, Reigate, RH2 9DS, a Leasehold flat which sold for £245,000 in Jun 2024.
Read more about house prices in RH2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somers Close, Reigate, RH2 has a total of 60 addresses. According to our analysis of all the public data, Flat 7, Flanchford House, Reigate is the 18th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £364k less expensive than the average property in RH2.
Flat 7, Flanchford House, Reigate has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 May 2016.
The property is not connected to mains gas and has fully triple glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 7, Flanchford House, Reigate is Reigate station which is 200 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 7, Flanchford House, Reigate, 47.7% of property is privately rented and 32.5% 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 Flat 7, Flanchford House, Reigate, 10.8% of residents are recorded as possessing school level qualifications and 51.6% 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 7, Flanchford 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 7, Flanchford House, Reigate, 0.0% 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 7, Flanchford House, Reigate, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.