According to the public record, 50, Reed Drive, Redhill is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,704 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Reed Drive, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
50, Reed Drive, Redhill has 31 entries in the Land Registry database, most recently in May 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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 50 Reed Drive Redhill as £531,303 and the rental value as £2,269 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 50 Reed Drive Redhill has increased by £1,562 (0.3%) and its rental value has increased by £97 per month (4.3%).
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 50, Reed Drive, Redhill is in very good condition we estimate a sale value of £557,868 and rental value of £2,383 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £494,111 and a rental value of £2,110 per month.
If you were able to purchase this property for the estimated value of £531,303, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,611 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, 50, Reed Drive, Redhill was last sold on 25 May 2006 for £525,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 50, Reed Drive, Redhill within a radius of 890 metres over the last 2 years.
The most recent example is 20, St. Johns Terrace Road, Redhill, RH1 6HS, a Freehold house which sold for £505,000 in Jan 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, 50, Reed Drive, Redhill is the 15th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £94k more expensive than the average property in RH1.
The closest station to 50, Reed Drive, Redhill is Earlswood (Surrey) station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 50, 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 50, 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 50, 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 50, 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 50, 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.