According to the public record, Flat 1, Approach House 2, Redhill is a modern leasehold apartment with 688 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Approach House, Foxboro Road, Redhill, RH1.
Foxboro Road, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
Flat 1, Approach House 2, Redhill has a single entry in the Land Registry database from January 2010 and a single entry in the EPC database dated June 2018.
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 Approach House 2 Redhill as £248,772 and the rental value as £1,280 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 1 Approach House 2 Redhill has decreased by £1,196 (0.5%) and its rental value has increased by £41 per month (3.2%).
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 Flat 1, Approach House 2, Redhill is in very good condition we estimate a sale value of £261,211 and rental value of £1,344 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £231,358 and a rental value of £1,190 per month.
If you were able to purchase this property for the estimated value of £248,772, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,223 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, Approach House 2, Redhill was last sold on 15 Jan 2010 for £179,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2010, the market for similar properties has risen 47.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Approach House 2, Redhill within a radius of 540 metres over the last 2 years.
The most recent example is Flat 4, Approach House 2, Foxboro Road, Redhill, RH1 1TD, a Leasehold flat which sold for £220,000 in Oct 2023.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Foxboro Road, Redhill, RH1 has a total of 71 addresses. According to our analysis of all the public data, Flat 1, Approach House 2, Redhill is the 56th largest and the 54th most expensive property on the street.
When compared to the postcode district it is £189k less expensive than the average property in RH1.
Flat 1, Approach House 2, Redhill has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Jun 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Flat 1, Approach House 2, Redhill is Redhill station which is 700 metres 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, Approach House 2, Redhill, 50.0% of property is privately rented and 28.0% is privately owned with a mortgage.
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, Approach House 2, Redhill, 20.2% of residents are recorded as possessing school level qualifications and 51.9% 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, Approach House 2, Redhill, the average age was 36.3 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 Flat 1, Approach House 2, Redhill, 0.3% 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, Approach House 2, 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.