According to the public record, 62, Wood Street, Redhill is a mid-century apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Wood Street, Merstham, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
62, Wood Street, Redhill has no records in the Land Registry database and a single entry in the EPC database dated June 2024.
We combine this information with public data 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 62 Wood Street Redhill as £207,661 and the rental value as £1,141 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 62 Wood Street Redhill has increased by £2,197 (1.1%) and its rental value has increased by £54 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 62, Wood Street, Redhill is in very good condition we estimate a sale value of £218,044 and rental value of £1,198 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £193,125 and a rental value of £1,061 per month.
If you were able to purchase this property for the estimated value of £207,661, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,021 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 62, Wood Street, Redhill within a radius of 590 metres over the last 2 years.
The most recent example is 65, Wood Street, Redhill, RH1 3PE, a Leasehold flat which sold for £215,000 in Aug 2023.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wood Street, Merstham, Redhill, RH1 has a total of 88 addresses. According to our analysis of all the public data, 62, Wood Street, Redhill is the 60th largest and the 68th most expensive property on the street.
When compared to the postcode district it is £230k less expensive than the average property in RH1.
62, Wood Street, Redhill has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Jun 2024.
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 62, Wood Street, Redhill is Merstham station which is 400 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 62, Wood Street, Redhill, 50.0% of property is socially rented and 19.9% 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 62, Wood Street, Redhill, 29.2% of residents are recorded as possessing school level qualifications and 25.4% 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 62, Wood Street, 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 62, Wood Street, 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 62, Wood Street, Redhill, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.