Cubitt & West says ..

Property Oracle says ..

Reigate is a desirable town in Surrey, known for its good schools and transport links. The property’s proximity to Brooklands School (0.06km), rated “Good” by Ofsted, and Reigate College (0.77km), rated “Outstanding”, is a significant positive. Reigate train station is also within reasonable walking distance (0.76km), providing convenient access to London and other parts of the South East. This contributes to a high location score. The property appears to be in good condition, based on the provided images. The interior is clean and well-maintained, with no obvious signs of significant wear and tear or necessary repairs. The kitchen and bathroom are dated but functional. The communal areas also appear to be well-maintained. The property has access to communal gardens, as shown in the images. While it doesn’t have a private garden, the shared green space adds to the property’s appeal and justifies a moderate land score. The list price of £175,000 is significantly below the average house price in Reigate (£599,717). However, it’s important to consider that the property is a one-bedroom apartment with a relatively small square footage (580 sqft) compared to the average (1183 sqft). The average price per square foot in the area is £506, suggesting that the property’s price may be reasonable considering its size and type. Nearby comparable properties on Wray Park Road range from £123,000 to £230,000, further supporting the reasonableness of the list price. However, the lack of plot size data limits the complete assessment.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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