Park Lane, Reigate, RH2

Street Guide For Park Lane, Reigate, RH2

 

Park Lane, Reigate, RH2 Map

Estimated Price: £917,635
Average Asking Price: £663,120
Price change in last one year: £63,194
Average Price Paid: £734,095
Average Rent Rates: £1,531

 

Property Prices Breakdown in Park Lane, Reigate, RH2

Average Price for property in Park Lane, Reigate, RH2 is around £917,635 which varies based on type of property you are interested in and ranges from £964,781 for detached house to around £799,888 for semi-detached. Similarly terraced house is around £799,578. Values have been changing and have risen £6,559 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £14,510 in last 6 months, £63,194 in last 1 year, £115,263 in last 2 years, £148,425 in last 3 years, £134,680 in last 4 years and £141,247 in last 5 years.

Currently average asking price of a property in Park Lane, Reigate, RH2 is around £663,120 based on approximately 2 properties for sale. Same is the case with rental options based on 42 properties up for rent, average asking rent is around £1,531 per month.

Estimated property value in Park Lane, Reigate, RH2 is £917,635. Average asking price is £663,120 while average price paid is £760,000 which is up by £63,194 and Avg. asking rent £1,531.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Park Lane, Reigate, RH2 area. In last 1 year alone average price buyer paid is around £760,000 based on approximately 2 sales in Park Lane, Reigate, RH2 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £787,190. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £734,095 for 10 and average amount paid for purchase of approx. 12 properties sold in last 7 years comes to about £770,079 per sale.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £129,950, £398,750 for a 2 bedroom house, £519,148 for a 3 bedroom house, £832,306 for a 4 bedroom house and £1,063,328 for a 5 bedroom house. For a flat similarly the prices varies from £219,375 for a single bedroom to £333,275 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £630,000. To sum up the asking prices for properties in Park Lane, Reigate, RH2 it comes to around average £201,490 for 1 bedroom property, £349,644 for 2 bedroom, £522,508 for 3 bedroom, £832,306 for 4 bedroom and £1,063,328 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £1,051 for 1 bedroom to £1,364 for 2 bedrooms, £1,564 for 3 bedrooms, £2,663 for 4 bedrooms and £3,394 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £923. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,261 and £1,224 for 3 bedroom. You should be generally be expecting around average £987 rent per month for single bedroom property, £1,300 for 2 bedroom, £1,428 for 3 bedroom, £2,663 for 4 bedroom and approximately £3,394 for a 5 bedroom property in Park Lane, Reigate, RH2 area.

Popular Houses in Park Lane, Reigate, RH2

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around Park Lane, Reigate, RH2