Flat 4, 52
Flat 4, 52
Description & Estimates
Flat 4, 52, Park Lane East, Reigate is recorded publicly as a modern leasehold apartment across 807 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 4, 52, Park Lane East, Reigate is £382,714 and its rental estimate is £1,572 per month, given the available information and assuming reasonable condition.
52, Park Lane East is a residential building on Park Lane East, Reigate, RH2 and falls within the RH2 postal district and the borough of Reigate and Banstead.
Our Data Sources
Flat 4, 52, Park Lane East, Reigate has 2 entries in the Land Registry , most recently in March 2013 and a single entry in the EPC database dated March 2023.
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.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 4, 52, Park Lane East, Reigate, we estimate a market value of £401,850 and a rental value of £1,651 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £355,924 and £1,462 per month respectively.
Recent Market Change
Over the last year, Flat 4, 52, Park Lane East, Reigate has seen its estimated sale value move up by £786 (0.2%) and its estimated rental value increase by £76 per month (4.8%). This results in an estimated gross rental yield of 4.9%.
Energy Efficiency
Flat 4, 52, Park Lane East, Reigate has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Mar 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 4, 52, Park Lane East, Reigate completed on 8th March 2013 at £290,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 72.6% over the period since March 2013.
- Sold Mar 2013£290,000
- Sold May 2010£250,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 4, 52, Park Lane East, Reigate have sold within a radius of 840 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 27th June 2023, was Flat 4, Priory Oaks 54, Park Lane East, Reigate, RH2 8HR, a leasehold flat which sold for £385,000.
Read more about house prices in RH2.
- Sold Jun 2023£385,000 | 2 Bed FlatPriory Oaks 54, Park Lane EastFlat 4, Priory Oaks 54, Park Lane East, Reigate, RH2 8HR
- Sold May 2022£375,000 | 2 Bed FlatPriory Oaks 54, Park Lane EastFlat 3, Priory Oaks 54, Park Lane East, Reigate, RH2 8HR
- Sold Jun 2017£325,000 | 2 Bed FlatPriory Oaks 54, Park Lane EastFlat 1, Priory Oaks 54, Park Lane East, Reigate, RH2 8HR
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 147 addresses on Park Lane East, Reigate, RH2, Flat 4, 52, Park Lane East, Reigate comes out as the 91st largest and the 95th most expensive in our analysis of the public data.
It is also £296k less expensive than the average property across the RH2 district.
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Schools Nearby
- 500mSandcross Primary School
- 900mReigate Priory Community Junior School
- 1.4kmDovers Green School
- 1.2kmReigate School
- 3.5kmSt Bede's School
- 3.7kmCarrington School
More reading links
Public Transport Nearby
From Flat 4, 52, Park Lane East, Reigate, the nearest station is Reigate, 1.6 kilometres away.
- 1.6kmReigate
- 2.7kmEarlswood (Surrey)
- 3.3kmRedhill
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
