According to the public record, 47B, Somerset Road, Redhill is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 795 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Somerset Road, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
47B, Somerset Road, Redhill has a single entry in the Land Registry database from August 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.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 47B Somerset Road Redhill as £258,713 and the rental value as £1,279 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 47B Somerset Road Redhill has increased by £1,594 (0.6%) and its rental value has increased by £66 per month (5.2%).
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 47B, Somerset Road, Redhill is in very good condition we estimate a sale value of £271,648 and rental value of £1,343 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £240,603 and a rental value of £1,189 per month.
If you were able to purchase this property for the estimated value of £258,713, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,271 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, 47B, Somerset Road, Redhill was last sold on 10 Aug 2006 for £207,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 47B, Somerset Road, Redhill within a radius of 750 metres over the last 2 years.
The most recent example is 9, Rosemead Close, Redhill, RH1 6LU, a Leasehold flat which sold for £275,000 in Mar 2023.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somerset Road, Redhill, RH1 has a total of 136 addresses. According to our analysis of all the public data, 47B, Somerset Road, Redhill is the 87th largest and the 111th most expensive property on the street.
When compared to the postcode district it is £179k less expensive than the average property in RH1.
The closest station to 47B, Somerset Road, Redhill is Earlswood (Surrey) station which is 1.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 47B, Somerset Road, Redhill, 50.0% of property is privately owned with a mortgage and 32.5% 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 47B, Somerset Road, Redhill, 26.2% of residents are recorded as possessing school level qualifications and 57.3% 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 47B, Somerset Road, Redhill, the average age was 39.1 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 47B, Somerset Road, Redhill, 2.2% 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 47B, Somerset Road, Redhill, there are an average of 1.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.