According to the public record, 2 Salters Cottages, Redhill is a period freehold house with 850 ft2 of internal area and sits on a 247 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
High Street, Merstham, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
2 Salters Cottages, Redhill has a single entry in the Land Registry database from December 2019 and a single entry in the EPC database dated August 2015.
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 Salters Cottages Redhill as £422,377 and the rental value as £1,940 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 2 Salters Cottages Redhill has increased by £7,094 (1.7%) and its rental value has increased by £105 per month (5.4%).
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 Salters Cottages, Redhill is in very good condition we estimate a sale value of £443,496 and rental value of £2,037 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £392,810 and a rental value of £1,804 per month.
If you were able to purchase this property for the estimated value of £422,377, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,076 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, 2 Salters Cottages, Redhill sits on a plot of 247m2.
We have plot size data on 3 out of 3 other houses in the postcode and 2 Salters Cottages, Redhill sits on the 2nd largest plot.
According to HM Land Registry, 2 Salters Cottages, Redhill was last sold on 20 Dec 2019 for £370,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2019, the market for similar properties has risen 13.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Salters Cottages, Redhill within a radius of 900 metres over the last 2 years.
The most recent example is 55, Albury Road, Redhill, RH1 3LP, a Freehold house which sold for £425,000 in Aug 2023.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
High Street, Merstham, Redhill, RH1 has a total of 33 addresses. According to our analysis of all the public data, 2 Salters Cottages, Redhill is the 12th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £15k less expensive than the average property in RH1.
2 Salters Cottages, Redhill has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Aug 2015.
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 Salters Cottages, Redhill is Merstham station which is 100 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 2 Salters Cottages, Redhill, 34.6% of property is privately rented and 28.1% 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 Salters Cottages, Redhill, 15.8% of residents are recorded as possessing school level qualifications and 35.6% 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 Salters Cottages, Redhill, the average age was 41.7 and the most common age was 12.
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 Salters Cottages, Redhill, 1.0% 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 Salters Cottages, Redhill, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.