According to the public record, 2, Burrage Road, Redhill is a modern leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Burrage Road, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
2, Burrage Road, Redhill has a single entry in the Land Registry database from June 2007 and a single entry in the EPC database dated November 2019.
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 2 Burrage Road Redhill as £322,543 and the rental value as £1,371 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 2 Burrage Road Redhill has increased by £4,394 (1.4%) and its rental value has increased by £71 per month (5.2%).
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 2, Burrage Road, Redhill is in very good condition we estimate a sale value of £338,670 and rental value of £1,439 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £299,965 and a rental value of £1,275 per month.
If you were able to purchase this property for the estimated value of £322,543, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,585 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 HM Land Registry, 2, Burrage Road, Redhill was last sold on 29 Jun 2007 for £225,995 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2007, the market for similar properties has risen 34.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Burrage Road, Redhill within a radius of 540 metres over the last 2 years.
The most recent example is Flat 5, Anakin Court, St. Annes Drive, Redhill, RH1 1AU, a Leasehold flat which sold for £307,500 in Nov 2023.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Burrage Road, Redhill, RH1 has a total of 72 addresses. According to our analysis of all the public data, 2, Burrage Road, Redhill is the 35th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £115k less expensive than the average property in RH1.
2, Burrage Road, Redhill has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Nov 2019.
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 2, Burrage Road, Redhill is Redhill station which is 800 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Burrage Road, Redhill, 29.3% of property is privately owned with a mortgage and 28.3% 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 2, Burrage Road, Redhill, 22.3% of residents are recorded as possessing school level qualifications and 46.3% 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 2, Burrage Road, Redhill, the average age was 36.3 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 2, Burrage Road, 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 2, Burrage Road, Redhill, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.