According to the public record, Flat 1, 8B, Rosemead Close, Redhill is a modern leasehold apartment with 365 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 8B, Rosemead Close, Redhill, RH1.
Rosemead Close, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
Flat 1, 8B, Rosemead Close, Redhill has a single entry in the Land Registry database from January 2007 and a single entry in the EPC database dated August 2023.
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 Flat 1 8B Rosemead Close Redhill as £185,272 and the rental value as £956 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 1 8B Rosemead Close Redhill has increased by £551 (0.3%) and its rental value has increased by £46 per month (4.9%).
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 Flat 1, 8B, Rosemead Close, Redhill is in very good condition we estimate a sale value of £194,536 and rental value of £1,003 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £172,303 and a rental value of £889 per month.
If you were able to purchase this property for the estimated value of £185,272, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £911 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, Flat 1, 8B, Rosemead Close, Redhill was last sold on 26 Jan 2007 for £160,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2007, the market for similar properties has risen 48.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 8B, Rosemead Close, Redhill within a radius of 850 metres over the last 2 years.
The most recent example is Flat 8, Suffolk House 90, Woodlands Road, Redhill, RH1 6HB, a Leasehold flat which sold for £195,000 in May 2022.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rosemead Close, Redhill, RH1 has a total of 20 addresses. According to our analysis of all the public data, Flat 1, 8B, Rosemead Close, Redhill is the 20th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £252k less expensive than the average property in RH1.
Flat 1, 8B, Rosemead Close, Redhill has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Aug 2023.
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 Flat 1, 8B, Rosemead Close, Redhill is Earlswood (Surrey) station which is 1.0 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 1, 8B, Rosemead Close, Redhill, 45.6% of property is privately owned with a mortgage and 40.8% 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 Flat 1, 8B, Rosemead Close, Redhill, 21.6% of residents are recorded as possessing school level qualifications and 47.8% 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 Flat 1, 8B, Rosemead Close, 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 Flat 1, 8B, Rosemead Close, Redhill, 0.7% 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 Flat 1, 8B, Rosemead Close, 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.