According to the public record, 56, Mill Lane, Redhill is a modern freehold house with 538 ft2 of internal area and sits on a 88.9 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Mill Lane, Merstham, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
56, Mill Lane, Redhill has 3 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated June 2012.
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 56 Mill Lane Redhill as £337,279 and the rental value as £1,468 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 56 Mill Lane Redhill has increased by £9,658 (2.9%) and its rental value has increased by £99 per month (6.8%).
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 56, Mill Lane, Redhill is in very good condition we estimate a sale value of £354,143 and rental value of £1,541 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £313,669 and a rental value of £1,365 per month.
If you were able to purchase this property for the estimated value of £337,279, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,658 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, 56, Mill Lane, Redhill sits on a plot of 89m2.
We have plot size data on 15 out of 24 other houses in the postcode and 56, Mill Lane, Redhill sits on the 16th largest plot.
According to HM Land Registry, 56, Mill Lane, Redhill was last sold on 10 Jun 2021 for £350,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jun 2021, the market for similar properties has risen 5.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Mill Lane, Redhill within a radius of 790 metres over the last 2 years.
The most recent example is 30, Mill Lane, Redhill, RH1 3HQ, a Freehold house which sold for £365,000 in Oct 2021.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Lane, Merstham, Redhill, RH1 has a total of 36 addresses. According to our analysis of all the public data, 56, Mill Lane, Redhill is the 23rd largest and the 12th most expensive property on the street.
When compared to the postcode district it is £100k less expensive than the average property in RH1.
56, Mill Lane, Redhill has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Jun 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 56, Mill Lane, Redhill is Merstham station which is 1.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 56, Mill Lane, Redhill, 45.1% of property is privately owned with a mortgage and 32.9% 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 56, Mill Lane, Redhill, 28.1% of residents are recorded as possessing school level qualifications and 41.5% 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 56, Mill Lane, Redhill, the average age was 37.2 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 56, Mill Lane, Redhill, 0.0% 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 56, Mill Lane, Redhill, there are an average of 1.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.