According to the public record, Flat 4, 2, Station Road, Redhill is a period leasehold apartment with 398 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 2, Station Road, Merstham, Redhill, RH1.
Station Road, Merstham, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
Flat 4, 2, Station Road, Redhill has 41 entries in the Land Registry database, most recently in October 2022 and a single entry in the EPC database dated December 2019.
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.
1Sales dated prior to 2007 are shown, but are not used in our calculations.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 4 2 Station Road Redhill as £171,616 and the rental value as £958 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of Flat 4 2 Station Road Redhill has increased by £2,197 (1.3%) and its rental value has increased by £48 per month (5.0%).
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 4, 2, Station Road, Redhill is in very good condition we estimate a sale value of £180,196 and rental value of £1,006 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £159,602 and a rental value of £891 per month.
If you were able to purchase this property for the estimated value of £171,616, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £843 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 4, 2, Station Road, Redhill was last sold on 07 Oct 2022 for £190,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Oct 2022, the market for similar properties has dropped 3.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 2, Station Road, Redhill within a radius of 850 metres over the last 2 years.
The most recent example is Flat 3, Walden 4, Station Road, Redhill, RH1 3EE, a Leasehold flat which sold for £182,500 in Jun 2021.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Station Road, Merstham, Redhill, RH1 has a total of 43 addresses. According to our analysis of all the public data, Flat 4, 2, Station Road, Redhill is the 40th largest and the 41st most expensive property on the street.
When compared to the postcode district it is £266k less expensive than the average property in RH1.
Flat 4, 2, Station Road, Redhill has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Dec 2019.
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 4, 2, Station Road, Redhill is Merstham station which is 100 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 4, 2, Station Road, Redhill, 34.6% of property is privately rented and 28.1% is socially 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 4, 2, Station Road, Redhill, 15.8% of residents are recorded as possessing school level qualifications and 35.6% 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 4, 2, Station Road, Redhill, the average age was 41.7 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 4, 2, Station Road, Redhill, 1.0% 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 4, 2, Station Road, Redhill, there are an average of 1.1 cars per household.
See below for how this compares to South East and the rest of England & Wales.