According to the public record, 1, Weldon Way, Redhill is a mid-century freehold house with 936 ft2 of internal area and sits on a 196 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Weldon Way, Merstham, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
1, Weldon Way, Redhill has a single entry in the Land Registry database from September 2022 and a single entry in the EPC database dated March 2022.
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 Weldon Way Redhill as £410,573 and the rental value as £2,009 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 1 Weldon Way Redhill has increased by £8,861 (2.2%) and its rental value has increased by £119 per month (5.9%).
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, Weldon Way, Redhill is in very good condition we estimate a sale value of £431,102 and rental value of £2,110 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £381,833 and a rental value of £1,868 per month.
If you were able to purchase this property for the estimated value of £410,573, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,018 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, Weldon Way, Redhill sits on a plot of 196m2.
We have plot size data on 21 out of 34 other houses in the postcode and 1, Weldon Way, Redhill sits on the 8th largest plot.
According to HM Land Registry, 1, Weldon Way, Redhill was last sold on 01 Sep 2022 for £411,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2022, the market for similar properties has dropped 3.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Weldon Way, Redhill within a radius of 580 metres over the last 2 years.
The most recent example is 3, Weldon Way, Redhill, RH1 3QA, a Freehold house which sold for £466,000 in Dec 2021.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Weldon Way, Merstham, Redhill, RH1 has a total of 37 addresses. According to our analysis of all the public data, 1, Weldon Way, Redhill is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £27k less expensive than the average property in RH1.
1, Weldon Way, Redhill has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Mar 2022.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 1, Weldon Way, Redhill is Merstham station which is 800 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Weldon Way, Redhill, 43.0% of property is privately owned with a mortgage and 29.8% is socially rented.
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, Weldon Way, Redhill, 21.9% of residents are recorded as possessing school level qualifications and 26.9% 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, Weldon Way, Redhill, the average age was 37.2 and the most common age was 32.
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, Weldon Way, Redhill, 0.0% 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, Weldon Way, Redhill, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.