According to the public record, 17B, London Road South, Redhill is a mid-century leasehold apartment with 818 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 17, London Road South, Merstham, Redhill, RH1.
London Road South, Merstham, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
17B, London Road South, Redhill has 2 entries in the Land Registry database, most recently in January 2020 and a single entry in the EPC database dated May 2019.
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 17B London Road South Redhill as £263,799 and the rental value as £1,343 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 17B London Road South Redhill has increased by £4,606 (1.7%) and its rental value has increased by £74 per month (5.5%).
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 17B, London Road South, Redhill is in very good condition we estimate a sale value of £276,989 and rental value of £1,410 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £245,333 and a rental value of £1,249 per month.
If you were able to purchase this property for the estimated value of £263,799, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,296 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, 17B, London Road South, Redhill was last sold on 13 Jan 2020 for £262,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2020, the market for similar properties has risen 2.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 17B, London Road South, Redhill within a radius of 780 metres over the last 2 years.
The most recent example is 1, Rookwood Close, Redhill, RH1 3AY, a Leasehold flat which sold for £290,000 in Jun 2022.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
London Road South, Merstham, Redhill, RH1 has a total of 108 addresses. According to our analysis of all the public data, 17B, London Road South, Redhill is the 78th largest and the 89th most expensive property on the street.
When compared to the postcode district it is £174k less expensive than the average property in RH1.
17B, London Road South, Redhill has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 May 2019.
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 17B, London Road South, Redhill is Merstham station which is 300 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 17B, London Road South, Redhill, 35.2% of property is privately owned with a mortgage and 28.8% 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 17B, London Road South, Redhill, 18.7% of residents are recorded as possessing school level qualifications and 40.3% 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 17B, London Road South, Redhill, the average age was 41.7 and the most common age was 12.
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 17B, London Road South, 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 17B, London Road South, 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.