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Postcode Overview

of RH1 5LY

RH1 5LY is a residential postcode located on Spencer Way, Redhill, RH1. It is the 373rd largest postcode in the RH1 area.

It contains 6 houses and 2 unknown and the most common type of property is a mid-century house built between 1936 and 1979.

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Average property prices

in RH1 5LY

The average house value is £344,006. Sales values have increased in the last 12 months by 2.5% and Rental values have increased by 6.6%.

Property sale values range from £322,663 for a freehold house, with 3 bedrooms split across 850 square feet of gross internal area and has a garden to £817,243 for a freehold house, with 5 bedrooms split across 2,583 square feet of gross internal area and has a garden.

Average £/ft2 for properties in RH1 5LY is £359/ft2.

Properties achieve a rental yield of between 3.8% and 6.2%, and rental values range from £1,655 to £2,614 per month.

Sale value change
12 months
2.5%
Rental value change
12 months
6.6%
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Recent sales

within RH1 5LY

The last sale was 17 Feb 2022 for £340,000 and since then the market in the area has decreased by -2.8%. The postcode has had a total of 4 sales since 1995.

RH1 5LY has seen 2 sales in the last three years and no sales in the last twelve months.

£340,000
Feb-2022
Sold
£345,000
Sep-2021
Sold
£285,000
Aug-2019
Sold
£215,000
Sep-2010
Sold
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Nearby postcodes

to RH1 5LY

RH1 5LY is the 373rd largest and the 407th most expensive postcode out of the 1,190 postcodes in the RH1 area.

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Nearby postcodes

to RH1 5LY

RH1 5LY is the 373rd largest and the 407th most expensive postcode out of the 1,190 postcodes in the RH1 area.

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Property types

in RH1 5LY

RH1 5LY is a residential postcode located on Spencer Way, Redhill, RH1 with 6 houses and 2 unknown within its bounds.

The most common property type in RH1 5LY is a mid-century house built between 1936 and 1979.

mid-century house (6)
Unknown (2)
Energy Efficiency

Energy Efficiency

of properties within RH1 5LY

The homes with certificates are generally mid-century in style with the most common Energy Performance Certificate (EPC) rating being C.

A (0)
E (0)
B (0)
F (0)
C (4)
G (0)
D (2)
No EPC (2)
Schools nearby

Schools nearby

to RH1 5LY

The nearest primary school to RH1 5LY is Salfords Primary School which is 800 metres away and is rated Good by Ofsted.
800 m
Salfords Primary School
Good
1.6 km
Earlswood Junior School
Good
1.8 km
Earlswood Infant and Nursery School
Good
The nearest secondary school is Reigate School which is 2.6 kilometres away and is rated Good by Ofsted.
2.6 km
Reigate School
Good
3.1 km
Carrington School
Good
4.1 km
St Bede's School
Outstanding
Source: Ofsted (2016)
Public transport nearby

Public transport nearby

to RH1 5LY

The closest station to RH1 5LY is Salfords (Surrey) station which is 1.4 kilometres away.

1.4 km
Salfords (Surrey)
1.6 km
Earlswood (Surrey)
2.3 km
Nutfield
2.9 km
Redhill
Source: National Rail
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