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According to the public record, 48, Park Lane, Reigate is a period freehold house with 1,668 ft2 of internal area and sits on a 1,854 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 48, Park Lane, Reigate is £1,259,948 and the estimated rental value is £3,271 per month.
Park Lane, Reigate, RH2 is located in the borough of Reigate and Banstead within the RH2 postal district.
48, Park Lane, Reigate has 21 entries in the Land Registry , most recently in August 2018 and a single entry in the EPC database dated October 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 48, Park Lane, Reigate is in very good condition we estimate a sale value of £1,322,946 and a rental value of £3,435 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,171,752 and a rental value of £3,042 per month.
Over the last 12 months the sale value of 48 Park Lane Reigate has decreased by an estimated £20,130 (1.6%) and its rental value has increased by an estimated £125 per month (3.8%), giving an expected gross yield of 3.1%.
According to data from HM Land Registry, 48, Park Lane, Reigate sits on a plot of 1854m2.
We have plot size data on 23 out of 34 other houses in the postcode and 48, Park Lane, Reigate sits on the 4th largest plot.
48, Park Lane, Reigate has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Oct 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 48, Park Lane, Reigate was last sold on 2nd August 2018 for £1,250,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since August 2018, the market for similar properties has risen 6.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 48, Park Lane, Reigate within a radius of 930 metres over the last 2 years.
The most recent example is 1, Wesley Close, Reigate, RH2 8JS, a freehold house which sold for £1,460,000 on the 10th June 2022.
Read more about house prices in RH2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Lane, Reigate, RH2 has a total of 50 addresses. According to our analysis of all the public data, 48, Park Lane, Reigate is the 27th largest and the 25th most expensive property on the street.
When compared to the postcode district it is £592k more expensive than the average property in RH2.
The closest station to 48, Park Lane, Reigate is Reigate station which is 900 metres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 48, Park Lane, Reigate, 60.4% of property is privately rented and 23.4% is privately owned outright.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 48, Park Lane, Reigate, 12.0% of residents are recorded as possessing school level qualifications and 48.1% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 48, Park Lane, Reigate, the average age was 39.5 and the most common age was 47.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 48, Park Lane, Reigate, 3.4% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 48, Park Lane, Reigate, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.
