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See how verdicts work3-bedroom flat · RH2 7RW
For saleReduced £35k (−9.1%) on 6 OctListed 98 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This unusual three bedroom, first floor apartment is situated in a highly regarded development, within a very easy walk of Reigate High Street, the cinema and Morrisons supermarket.
The property offers potential to update and modernise whilst being well maintained throughout. There are two storage cupboards in the hallway providing the necessary storage.
The reception room is a lovely bright space with doors out onto the balcony. The kitchen has been fitted with a range of cabinets with space for appliances.
There are three double bedrooms, all of which are well proportioned, two have the benefit of fitted wardrobes and one has a further set of doors out to the balcony.
The bathroom has been fitted with a modern shower. Outside The property has the benefit of a parking space in the gated and secure underground parking. There is also a storage shed for each resident.
Accessed from the reception room via sliding doors is a spacious balcony, a very useable space with room for table and chairs. The views from the balcony over the communal grounds are delightful.
Reigate offers an impressive range of shops and services.
Offering the ultimate in retail therapy, up-market independent boutiques, traditional butchers and well-stocked delicatessens specialise in mouth-watering local produce.
In addition to familiar chains, Hatay, Buenos Aires Argentinian Steak House and Giggling Squid Thai Restaurant are perennial favourites.
For delicious lunches, The Chapel and Cullendars get great reviews. Commuting to London from Reigate station takes around 40 minutes into London Bridge or Victoria.
Commuting to London is also possible through Redhill mainline station, 2 miles away, which offers direct routes into London Bridge and Victoria from 28 minutes, Gatwick airport in 15 minutes, along with routes to a variety of other destinations, whilst The Channel Tunnel is within a 90 minute drive.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 14, Bancroft Court, Reigate
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