According to the public record, 27, Reed Drive, Redhill is a modern leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Reed Drive, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
27, Reed Drive, Redhill has 51 entries in the Land Registry database, most recently in December 2022 and a single entry in the EPC database dated January 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.
1Sales dated prior to 2007 are shown, but are not used in our calculations.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 27 Reed Drive Redhill as £272,134 and the rental value as £1,276 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 27 Reed Drive Redhill has increased by £2,924 (1.1%) and its rental value has increased by £65 per month (5.1%).
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 27, Reed Drive, Redhill is in very good condition we estimate a sale value of £285,740 and rental value of £1,340 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £253,084 and a rental value of £1,187 per month.
If you were able to purchase this property for the estimated value of £272,134, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,337 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, 27, Reed Drive, Redhill was last sold on 20 Dec 2022 for £285,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Dec 2022, the market for similar properties has dropped 2.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 27, Reed Drive, Redhill within a radius of 860 metres over the last 2 years.
The most recent example is 28, Reed Drive, Redhill, RH1 6TA, a Leasehold flat which sold for £282,500 in Mar 2024.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Reed Drive, Redhill, RH1 has a total of 67 addresses. According to our analysis of all the public data, 27, Reed Drive, Redhill is the 45th largest and the 45th most expensive property on the street.
When compared to the postcode district it is £165k less expensive than the average property in RH1.
27, Reed Drive, Redhill has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 19 Jan 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 27, Reed Drive, Redhill is Earlswood (Surrey) station which is 600 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 27, Reed Drive, Redhill, 49.6% of property is privately owned with a mortgage and 30.1% is privately 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 27, Reed Drive, Redhill, 16.1% of residents are recorded as possessing school level qualifications and 58.7% 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 27, Reed Drive, 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 27, Reed Drive, 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 27, Reed Drive, Redhill, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.