According to the public record, Flat 8, Priory Oaks 54, Reigate is a modern leasehold apartment with 1,085 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Priory Oaks, Park Lane East, Reigate, RH2.
Park Lane East, Reigate, RH2 is located in the borough of Reigate and Banstead within the RH2 postal district.
Flat 8, Priory Oaks 54, Reigate has 4 entries in the Land Registry database, most recently in December 2019 and a single entry in the EPC database dated September 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 8 Priory Oaks 54 Reigate as £447,122 and the rental value as £1,850 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of Flat 8 Priory Oaks 54 Reigate has increased by £7,805 (1.7%) and its rental value has increased by £121 per month (6.5%).
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 8, Priory Oaks 54, Reigate is in very good condition we estimate a sale value of £469,479 and rental value of £1,942 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £415,824 and a rental value of £1,720 per month.
If you were able to purchase this property for the estimated value of £447,122, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,197 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 8, Priory Oaks 54, Reigate was last sold on 13 Dec 2019 for £415,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Dec 2019, the market for similar properties has risen 2.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Priory Oaks 54, Reigate within a radius of 850 metres over the last 2 years.
The most recent example is Flat 5, Priory Oaks 54, Park Lane East, Reigate, RH2 8HR, a Leasehold flat which sold for £416,000 in Dec 2018.
Read more about house prices in RH2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Lane East, Reigate, RH2 has a total of 147 addresses. According to our analysis of all the public data, Flat 8, Priory Oaks 54, Reigate is the 49th largest and the 75th most expensive property on the street.
When compared to the postcode district it is £205k less expensive than the average property in RH2.
Flat 8, Priory Oaks 54, Reigate has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Sep 2011.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler with both radiators and underfloor heating.
The closest station to Flat 8, Priory Oaks 54, Reigate is Reigate station which is 1.6 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 8, Priory Oaks 54, Reigate, 56.8% of property is privately owned outright and 32.0% 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 8, Priory Oaks 54, Reigate, 20.5% of residents are recorded as possessing school level qualifications and 57.8% 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 8, Priory Oaks 54, Reigate, the average age was 39.1 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 8, Priory Oaks 54, Reigate, 2.8% 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 8, Priory Oaks 54, Reigate, there are an average of 1.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.