According to the public record, Flat 22, Niche Place 6, Redhill is a modern leasehold apartment with 828 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Niche Place, Brook Road, Redhill, RH1.
Brook Road, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
Flat 22, Niche Place 6, Redhill has 2 entries in the Land Registry database, most recently in March 2019 and a single entry in the EPC database dated November 2021.
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 22 Niche Place 6 Redhill as £298,003 and the rental value as £1,393 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Flat 22 Niche Place 6 Redhill has decreased by £843 (0.3%) and its rental value has increased by £48 per month (3.5%).
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 22, Niche Place 6, Redhill is in very good condition we estimate a sale value of £312,904 and rental value of £1,463 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £277,143 and a rental value of £1,295 per month.
If you were able to purchase this property for the estimated value of £298,003, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,465 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 22, Niche Place 6, Redhill was last sold on 07 Mar 2019 for £305,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2019, the market for similar properties has risen 2.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 22, Niche Place 6, Redhill within a radius of 500 metres over the last 2 years.
The most recent example is 53, Tylehurst Drive, Redhill, RH1 6EL, a Leasehold flat which sold for £275,000 in Mar 2020.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Brook Road, Redhill, RH1 has a total of 62 addresses. According to our analysis of all the public data, Flat 22, Niche Place 6, Redhill is the 10th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £139k less expensive than the average property in RH1.
Flat 22, Niche Place 6, Redhill has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Nov 2021.
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 22, Niche Place 6, Redhill is Earlswood (Surrey) station which is 600 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 22, Niche Place 6, Redhill, 47.7% of property is privately rented and 26.6% 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 22, Niche Place 6, Redhill, 13.5% of residents are recorded as possessing school level qualifications and 46.4% 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 22, Niche Place 6, 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 22, Niche Place 6, 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 22, Niche Place 6, Redhill, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.