According to the public record, 1 Bank Cottages, Redhill is a period freehold house with 699 ft2 of internal area and sits on a 74 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Outwood Lane, Bletchingley, Redhill, RH1 is located in the borough of Tandridge within the RH1 postal district.
1 Bank Cottages, Redhill has a single entry in the Land Registry database from August 2022 and a single entry in the EPC database dated February 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Bank Cottages Redhill as £438,600 and the rental value as £1,719 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 1 Bank Cottages Redhill has increased by £6,272 (1.4%) and its rental value has increased by £84 per month (4.9%).
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 1 Bank Cottages, Redhill is in very good condition we estimate a sale value of £460,530 and rental value of £1,805 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £407,898 and a rental value of £1,598 per month.
If you were able to purchase this property for the estimated value of £438,600, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,156 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 1 Bank Cottages, Redhill sits on a plot of 74m2.
We have plot size data on 29 out of 40 other houses in the postcode and 1 Bank Cottages, Redhill sits on the 16th largest plot.
According to HM Land Registry, 1 Bank Cottages, Redhill was last sold on 31 Aug 2022 for £362,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2022, the market for similar properties has dropped 4.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1 Bank Cottages, Redhill within a radius of 2.4 kilometres over the last 2 years.
The most recent example is 104, High Street, Redhill, RH1 4PA, a Freehold house which sold for £450,000 in Nov 2022.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Outwood Lane, Bletchingley, Redhill, RH1 has a total of 72 addresses. According to our analysis of all the public data, 1 Bank Cottages, Redhill is the 69th largest and the 58th most expensive property on the street.
When compared to the postcode district it is £1k more expensive than the average property in RH1.
1 Bank Cottages, Redhill has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Feb 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1 Bank Cottages, Redhill is Nutfield station which is 2.7 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1 Bank Cottages, Redhill, 41.1% of property is socially rented and 26.0% is privately owned outright.
The graph below shows how this compares to Greater London 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 1 Bank Cottages, Redhill, 22.9% of residents are recorded as possessing school level qualifications and 28.1% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1 Bank Cottages, Redhill, the average age was 42.8 and the most common age was 57.
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 1 Bank Cottages, Redhill, 1.1% 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 1 Bank Cottages, Redhill, there are an average of 1.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.