According to the public record, Basement Flat, 56, Grovehill Road, Redhill is a period apartment with 242 ft2 of internal area.
Apartments of this size in this area are normally studios with a garden.
The apartment is in 56, Grovehill Road, Redhill, RH1.
Grovehill Road, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
Basement Flat, 56, Grovehill Road, Redhill has no records in the Land Registry database and a single entry in the EPC database dated March 2012.
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 Basement Flat 56 Grovehill Road Redhill as £166,528 and the rental value as £760 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Basement Flat 56 Grovehill Road Redhill has increased by £1,737 (1.0%) and its rental value has increased by £39 per month (5.1%).
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 Basement Flat, 56, Grovehill Road, Redhill is in very good condition we estimate a sale value of £174,855 and rental value of £798 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £154,871 and a rental value of £707 per month.
If you were able to purchase this property for the estimated value of £166,528, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £818 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 property sales within a 460 metres radius of Basement Flat, 56, Grovehill Road, Redhill over the last 2 years.
The most recent example is 107, Grovehill Road, Redhill, RH1 6DB, a Leasehold flat which sold for £320,000 in Apr 2021.
Read more about house prices in RH1.
Grovehill Road, Redhill, RH1 has a total of 148 addresses. According to our analysis of all the public data, Basement Flat, 56, Grovehill Road, Redhill is the 142nd largest and the 136th most expensive property on the street.
When compared to the postcode district it is £271k less expensive than the average property in RH1.
Basement Flat, 56, Grovehill Road, Redhill has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Mar 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using elecric underfloor heating.
The closest station to Basement Flat, 56, Grovehill Road, Redhill is Redhill station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Basement Flat, 56, Grovehill Road, Redhill, 37.8% of property is privately owned with a mortgage and 25.2% 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 Basement Flat, 56, Grovehill Road, Redhill, 17.4% of residents are recorded as possessing school level qualifications and 47.1% 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 Basement Flat, 56, Grovehill Road, Redhill, the average age was 38.6 and the most common age was 37.
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 Basement Flat, 56, Grovehill Road, 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 Basement Flat, 56, Grovehill Road, 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.