According to the public record, Flat 1, Meadvale Court 104, Redhill is a modern leasehold apartment with 411 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Meadvale Court, Somerset Road, Redhill, RH1.
Somerset Road, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
Flat 1, Meadvale Court 104, Redhill has a single entry in the Land Registry database from April 2008 and a single entry in the EPC database dated July 2010.
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 Meadvale Court 104 Redhill as £190,760 and the rental value as £1,025 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 1 Meadvale Court 104 Redhill has increased by £567 (0.3%) and its rental value has increased by £50 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, Meadvale Court 104, Redhill is in very good condition we estimate a sale value of £200,298 and rental value of £1,076 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £177,407 and a rental value of £953 per month.
If you were able to purchase this property for the estimated value of £190,760, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £938 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, Meadvale Court 104, Redhill was last sold on 09 Apr 2008 for £140,250 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2008, the market for similar properties has risen 35.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Meadvale Court 104, Redhill within a radius of 700 metres over the last 2 years.
The most recent example is Flat 1, Maycroft 20, Furzefield Road, Reigate, RH2 7HG, a Leasehold flat which sold for £1,300,000 in Dec 2021.
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, Flat 1, Meadvale Court 104, Redhill is the 129th largest and the 131st most expensive property on the street.
When compared to the postcode district it is £247k less expensive than the average property in RH1.
Flat 1, Meadvale Court 104, Redhill has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Jul 2010.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 1, Meadvale Court 104, Redhill is Earlswood (Surrey) station which is 1.3 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 1, Meadvale Court 104, Redhill, 42.5% of property is privately owned with a mortgage and 29.9% 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, Meadvale Court 104, Redhill, 24.7% of residents are recorded as possessing school level qualifications and 53.0% 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, Meadvale Court 104, 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, Meadvale Court 104, Redhill, 0.5% 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, Meadvale Court 104, 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.