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Rh2 Price Drops


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i've been watching this area for around 18 months.

around 6 weeks ago, cubit&west started listing properties with a "price range" on a 10% spread. promising, i thought.

now seeing frequent, sgnificant reductions on RM. my favourite so far is 370 -> 299.

Redhill is interesting. Not as expensive as the rest of Surrey, but it does have some nice 5/6 bed houses for what are perhaps more realistic prices.

I have been logging a few properties in property bee in places like Hilltop Lane and further out towards Salfords (in between RH and LGW). Seems to give price falls of between £25k and £75k in the £500-£900k range. So definitely some movement in the higher end in the area, which will knock on prices lower down.

edited: typos

Edited by mikelivingstone
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  • 6 months later...
  • 8 months later...

But on the other hand not everyone in Reigate (RH2) has got the message. This house sold in 2005 for £540k

30/09/2005 £540,000 Det. F No Map 8, Huntersfield Close, Reigate, Surrey, RH2 0DX

Same house come back on the market last week, price? £695k!

<a href="http://www.savills.co.uk/residentialSearch/a66ddb41-f195-4acb-b8f7-685059243435-0-1-1-viewDetailsSubmit/residentialSearch/propertyDetail.aspx?pID=241712" target="_blank">http://www.savills.co.uk/residentialSearch...aspx?pID=241712</a>

This one has now sold for £650k!

Sale Date Price Type Tenure New Build Map Address

1 31/07/2009 £650,000 Det. F No Map 8, Huntersfield Close, Reigate, Surrey, RH2 0DX Properties for sale near RH2 0DX

2 27/07/2007 £700,000 Det. F No Map 10, Huntersfield Close, Reigate, Surrey, RH2 0DX Properties for sale near RH2 0DX

3 19/03/2007 £440,000 Det. F No Map 2, Huntersfield Close, Reigate, Surrey, RH2 0DX Properties for sale near RH2 0DX

4 28/04/2006 £560,000 Det. F No Map 3, Huntersfield Close, Reigate, Surrey, RH2 0DX Properties for sale near RH2 0DX

5 30/09/2005 £540,000 Det. F No Map 8, Huntersfield Close, Reigate, Surrey, RH2 0DX Properties for sale near RH2 0DX

A fool and their money are easily parted.

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The whole area has picked up of late (RH1 and RH2). I just had two of mine valued and they will be on the market within a month and 4 months, respectingly. One bought in May 2006 for 275 (valued at 360) and the other bought in November 2008 for 215 (valued at 295). The latter has had 35k spent on it.

This one has now sold for £650k!

Sale Date Price Type Tenure New Build Map Address

1 31/07/2009 £650,000 Det. F No Map 8, Huntersfield Close, Reigate, Surrey, RH2 0DX Properties for sale near RH2 0DX

2 27/07/2007 £700,000 Det. F No Map 10, Huntersfield Close, Reigate, Surrey, RH2 0DX Properties for sale near RH2 0DX

3 19/03/2007 £440,000 Det. F No Map 2, Huntersfield Close, Reigate, Surrey, RH2 0DX Properties for sale near RH2 0DX

4 28/04/2006 £560,000 Det. F No Map 3, Huntersfield Close, Reigate, Surrey, RH2 0DX Properties for sale near RH2 0DX

5 30/09/2005 £540,000 Det. F No Map 8, Huntersfield Close, Reigate, Surrey, RH2 0DX Properties for sale near RH2 0DX

A fool and their money are easily parted.

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