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See how verdicts work3-bedroom semi-detached house · RH2 7JD
Listing removedListed 523 days
Opportunity summary
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About
A semi-detached home, occupying a corner plot in the heart of the town with wonderful potential for extension but in need of complete refurbishment.
Description A semi-detached home arranged over two floors to provide balanced accommodation of about 1,212 square feet plus the garage which is in need of complete modernisation.
The current layout of the property and the corner position offers significant opportunity to further extend in to the loft and to extend to the rear and or side subject to the usual consents.
There is a principal sitting room at the front front that leads though to the dining room and the original kitchen at the rear. There is also a downstairs W.C.
And cloaks area, along with useful storage. On the first floor there are two double bedrooms and a single bedroom with fitted wardrobes and a newly installed large family bathroom.
The loft has windows and could easily be converted to form really useful bonus room. There is also a useful subfloor storage space that is accessed from the side garden.
The property occupies a corner plot of 0.2 acres with a front garden which has a driveway and access to the detached garage. There is also a substantial side and rear garden which faces due South.
Location Located on a corner plot in the very centre of the town, this fabulous family home is under a mile from Reigate Station and in the very midst the town centre and all of the amenities of this bustling market town.
Reigate is a thriving Surrey market town at the foot of the North Downs that has a blend of historic landmarks and recreational spaces making it the ideal destination for those in search of a lifestyle change within easy reach of London.
Reigate offers an impressive range of shops and services in the best tradition of English rural communities.
The picturesque streets have a delightfully modern, cosmopolitan feel where independent boutiques rub shoulders with popular high street stores.
There are also a good number of cafes and coffee shops including The Chapel, Gails and Cafe Nero. Local restaurants include Pizza Express, Bill’s, Wagamama and Nando's.
Commuting to London from Reigate station takes around 40 minutes.
The larger mainline station at Redhill, is about a mile and a half away, which offers Southern and Thameslink services into London in about 32 minutes, along with routes to a variety of other destinations.
The M25, Junction 8 is accessed very easily along Wray Lane, with links to London and the wider motorway network. For the frequent air traveller Gatwick Airport is around eight miles distant.
Reigate Priory Park is a centrepiece of the town with many acres of open parkland, a feature lake, impressive playground and The Pavilion Café, along with tennis/basketball courts and a sunken skateboard park.
The perfect meeting place for friends and family. There is good walking and riding locally in the surrounding countryside, Reigate Heath and The North Downs Way.
For golfers nearby courses include Reigate Hill, Betchworth and Reigate Heath. Reigate is particularly well served with state and independent schools for all ages.
These include Reigate Parish, Reigate Priory, Reigate St. Mary’s Prep School, Micklefield, Reigate Secondary School, Dunottar, Reigate Grammar and Reigate College.
(Please note all distances and times are approximate) Square Footage: 1,440 sq ft
Value & comps
No previous sales on record.
Returns
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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.
Area
Agent & docs
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FAQ
About 1, Parkgate Road, Surrey
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