Reigate

Area Guide For Reigate

Reigate is a noteworthy town in Surrey, England, at the foot of the North Downs, and in the London worker sash. It has a medieval château and spreads a few hills of a short area of the Greensand Ridge. Reigate is one of three towns in the precinct of Reigate and Banstead. The swathe of area from the town southwards, including the contiguous town of Redhill, is some of the time gathered together as the Gatwick Diamond, M23 passageway or Crawley Urban Area crosswise over more than 15 miles into West Sussex.

These three generally synonymous territories are blended with Metropolitan Green Belt land and are utilized by organizers to highlight integration to Gatwick Airport and in appreciation of two, the city of Brighton and Hove. Reigate has been a business town since the medieval period, when it turned into a parliamentary borough.

 
 

Reigate Map

Estimated Price: £520,498
Average Asking Price: £652,404
Price change in last one year: £26,822
Average Price Paid: £424,753
Average Rent Rates: £1,531

 
 

Property Prices Breakdown in Reigate

Average Price for property in Reigate is around £520,498 which varies based on type of property you are interested in and ranges from £855,666 for detached house to around £448,487 for semi-detached. Similarly terraced house is around £395,158 and a flat is worth £286,263. Values have been changing and have risen £3,682 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,857 in last 6 months, £26,822 in last 1 year, £51,407 in last 2 years, £79,489 in last 3 years, £69,726 in last 4 years and £76,727 in last 5 years.

Currently average asking price of a property in Reigate is around £652,404 based on approximately 392 properties for sale. Same is the case with rental options based on 43 properties up for rent, average asking rent is around £1,531 per month.

Estimated property value in Reigate is £520,498. Average asking price is £652,404 while average price paid is £449,283 which is up by £26,822 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 Reigate area. In last 1 year alone average price buyer paid is around £449,283 based on approximately 392 sales in Reigate area alone. If you compare it to last 3 years sales of 1,305 properties where buyers paid around £426,835. 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 £424,753 for 2,163 and average amount paid for purchase of approx. 2,824 properties sold in last 7 years comes to about £415,771 per sale.

 
 

Properties For Sale in Reigate

 
 

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, £834,477 for a 4 bedroom house and £1,046,244 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 Reigate it comes to around average £201,490 for 1 bedroom property, £349,644 for 2 bedroom, £522,508 for 3 bedroom, £834,477 for 4 bedroom and £1,046,244 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 £1,346 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, £1,296 for 2 bedroom, £1,428 for 3 bedroom, £2,663 for 4 bedroom and approximately £3,394 for a 5 bedroom property in Reigate area.

Popular Houses in Reigate

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.

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