We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · RH2 7LG
Sold STCReduced £10k (−3.3%) on 8 SepListed 232 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set within the highly regarded gated development of The Belvederes, an exclusive collection of just 22 high quality homes, this two double bedroom ground floor apartment presents an excellent opportunity for first-time buyers, downsizers and investors alike.
Built in 2007 by Charles Church, the property is positioned away from the main road and surrounded by established communal gardens, creating a peaceful setting for residents to enjoy.
The front door opens into a spacious entrance hall with substantial built-in storage, leading through to a bright, open plan kitchen/living/dining room.
Large double aspect windows flood the space with natural light, while French doors open directly onto a private patio terrace.
The modern kitchen features sleek white cabinetry, ample storage and integrated appliances, boasting a versatile layout ideal for both everyday living and entertaining.
There are two generously proportioned double bedrooms, including a principal bedroom with fitted wardrobes and an en-suite shower room, alongside a contemporary family bathroom.
The property has been well maintained by the current owner, with a new boiler having been installed in 2025, Hive heating controls and full replacement LED downlights fitted throughout.
Further benefits include an allocated parking space, visitor parking and a share of freehold.
Ideally located within walking distance of local shops, including a post office, Co-op and bakery, excellent transport links, and the ever popular Priory Park, with Reigate town centre on the doorstep, this apartment offers a straightforward purchase for buyers and is brought to the market with no onward chain.
A bright, spacious ground floor apartment set within the exclusive gated development of The Belvederes, boasting peaceful communal gardens, Reigate town centre on your doorstep and no onward chain.
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.
Area
Agent & docs
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FAQ
About 5 The Belvederes, Hornbeam Road, Reigate
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