According to the public record, 40, Oakwood Close, Redhill is a mid-century freehold house with 1,022 ft2 of internal area and sits on a 274 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Oakwood Close, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
40, Oakwood Close, Redhill has a single entry in the Land Registry database from April 2021 and a single entry in the EPC database dated October 2020.
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 40 Oakwood Close Redhill as £509,000 and the rental value as £2,041 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 40 Oakwood Close Redhill has increased by £5,157 (1.0%) and its rental value has increased by £98 per month (4.8%).
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 40, Oakwood Close, Redhill is in very good condition we estimate a sale value of £534,450 and rental value of £2,143 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £473,370 and a rental value of £1,898 per month.
If you were able to purchase this property for the estimated value of £509,000, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,502 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, 40, Oakwood Close, Redhill sits on a plot of 274m2.
We have plot size data on 17 out of 28 other houses in the postcode and 40, Oakwood Close, Redhill sits on the 11th largest plot.
According to HM Land Registry, 40, Oakwood Close, Redhill was last sold on 07 Apr 2021 for £494,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2021, the market for similar properties has risen 4.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Oakwood Close, Redhill within a radius of 620 metres over the last 2 years.
The most recent example is 30, Oakwood Close, Redhill, RH1 4BD, a Freehold house which sold for £575,000 in Feb 2023.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oakwood Close, Redhill, RH1 has a total of 47 addresses. According to our analysis of all the public data, 40, Oakwood Close, Redhill is the 38th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £72k more expensive than the average property in RH1.
40, Oakwood Close, Redhill has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Oct 2020.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 40, Oakwood Close, Redhill is Redhill station which is 500 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 40, Oakwood Close, Redhill, 45.4% of property is privately owned outright and 38.8% is privately owned with a mortgage.
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 40, Oakwood Close, Redhill, 16.6% 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 40, Oakwood Close, 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 40, Oakwood Close, Redhill, 0.5% 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 40, Oakwood Close, 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.