According to the public record, 68, Mill Lane, Redhill is a modern leasehold apartment with 552 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Mill Lane, Merstham, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
68, Mill Lane, Redhill has 41 entries in the Land Registry database, most recently in July 2010 and a single entry in the EPC database dated February 2010.
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 68 Mill Lane Redhill as £256,585 and the rental value as £1,174 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 68 Mill Lane Redhill has increased by £3,924 (1.5%) and its rental value has increased by £63 per month (5.4%).
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 68, Mill Lane, Redhill is in very good condition we estimate a sale value of £269,415 and rental value of £1,233 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £238,624 and a rental value of £1,092 per month.
If you were able to purchase this property for the estimated value of £256,585, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,261 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, 68, Mill Lane, Redhill was last sold on 13 Jul 2010 for £173,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jul 2010, the market for similar properties has risen 46.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 68, Mill Lane, Redhill within a radius of 830 metres over the last 2 years.
The most recent example is 46, Mill Lane, Redhill, RH1 3HQ, a Leasehold flat which sold for £300,350 in Sep 2023.
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, 68, Mill Lane, Redhill is the 20th largest and the 34th most expensive property on the street.
When compared to the postcode district it is £181k less expensive than the average property in RH1.
68, Mill Lane, Redhill has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Feb 2010.
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 68, 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 68, 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 68, 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 68, 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 68, 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 68, 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.