According to the public record, 24, Spencer Way, Redhill is a modern freehold house with 850 ft2 of internal area and sits on a 101 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Spencer Way, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
24, Spencer Way, Redhill has a single entry in the Land Registry database from July 2022 and a single entry in the EPC database dated September 2021.
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 24 Spencer Way Redhill as £313,232 and the rental value as £1,607 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 24 Spencer Way Redhill has increased by £7,855 (2.5%) and its rental value has increased by £106 per month (6.6%).
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 24, Spencer Way, Redhill is in very good condition we estimate a sale value of £328,894 and rental value of £1,687 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £291,306 and a rental value of £1,494 per month.
If you were able to purchase this property for the estimated value of £313,232, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,539 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, 24, Spencer Way, Redhill sits on a plot of 101m2.
We have plot size data on 7 out of 15 other houses in the postcode and 24, Spencer Way, Redhill sits on the 5th largest plot.
According to HM Land Registry, 24, Spencer Way, Redhill was last sold on 26 Jul 2022 for £260,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 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 24, Spencer Way, Redhill within a radius of 990 metres over the last 2 years.
The most recent example is 44, Spencer Way, Redhill, RH1 5LZ, a Freehold house which sold for £330,000 in Jul 2022.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spencer Way, Redhill, RH1 has a total of 93 addresses. According to our analysis of all the public data, 24, Spencer Way, Redhill is the 43rd largest and the 75th most expensive property on the street.
When compared to the postcode district it is £124k less expensive than the average property in RH1.
24, Spencer Way, Redhill has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Sep 2021.
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 24, Spencer Way, Redhill is Salfords (Surrey) station which is 1.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 24, Spencer Way, Redhill, 37.3% of property is privately owned with a mortgage and 29.4% 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 24, Spencer Way, Redhill, 21.9% of residents are recorded as possessing school level qualifications and 29.3% 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 24, Spencer Way, Redhill, the average age was 38.9 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 24, Spencer Way, Redhill, 0.6% 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 24, Spencer 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.