According to the public record, Flat 21, Parkham House, Redhill is a modern leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Parkham House, Reynolds Avenue, Redhill, RH1.
Reynolds Avenue, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
Flat 21, Parkham House, Redhill has a single entry in the Land Registry database from January 2023 and a single entry in the EPC database dated January 2020.
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 21 Parkham House Redhill as £231,395 and the rental value as £1,238 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 21 Parkham House Redhill has decreased by £1,113 (0.5%) and its rental value has increased by £40 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 21, Parkham House, Redhill is in very good condition we estimate a sale value of £242,965 and rental value of £1,300 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £215,197 and a rental value of £1,151 per month.
If you were able to purchase this property for the estimated value of £231,395, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,137 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 21, Parkham House, Redhill was last sold on 31 Jan 2023 for £87,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2023, the market for similar properties has dropped 3.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 21, Parkham House, Redhill within a radius of 630 metres over the last 2 years.
The most recent example is Flat 7, Parkham House, Reynolds Avenue, Redhill, RH1 1TU, a Leasehold flat which sold for £272,500 in Dec 2022.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Reynolds Avenue, Redhill, RH1 has a total of 90 addresses. According to our analysis of all the public data, Flat 21, Parkham House, Redhill is the 63rd largest and the 76th most expensive property on the street.
When compared to the postcode district it is £206k less expensive than the average property in RH1.
Flat 21, Parkham House, Redhill has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Jan 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Flat 21, Parkham House, Redhill is Redhill station which is 900 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 21, Parkham House, Redhill, 42.0% of property is privately owned with a mortgage and 29.5% 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 Flat 21, Parkham House, Redhill, 16.8% of residents are recorded as possessing school level qualifications and 53.8% 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 21, Parkham House, 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 21, Parkham House, 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 Flat 21, Parkham House, Redhill, there are an average of 1.2 cars per household.
See below for how this compares to South East and the rest of England & Wales.