According to the public record, Flat 5, Picketts, Redhill is a period leasehold apartment with 1,044 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Picketts, Picketts Lane, Redhill, RH1.
Picketts Lane, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
Flat 5, Picketts, Redhill has 2 entries in the Land Registry database, most recently in August 2020 and a single entry in the EPC database dated February 2023.
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 5 Picketts Redhill as £439,317 and the rental value as £1,766 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of Flat 5 Picketts Redhill has increased by £11,548 (2.6%) and its rental value has increased by £127 per month (7.2%).
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 5, Picketts, Redhill is in very good condition we estimate a sale value of £461,283 and rental value of £1,854 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £408,565 and a rental value of £1,642 per month.
If you were able to purchase this property for the estimated value of £439,317, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,159 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 5, Picketts, Redhill was last sold on 04 Aug 2020 for £412,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2020, the market for similar properties has risen 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 1.7 kilometres radius of Flat 5, Picketts, Redhill over the last 2 years.
The most recent example is Picketts South, Picketts Lane, Redhill, RH1 5RG, a Leasehold flat which sold for £650,000 in Oct 2021.
Read more about house prices in RH1.
Picketts Lane, Redhill, RH1 has a total of 26 addresses. According to our analysis of all the public data, Flat 5, Picketts, Redhill is the 25th largest and the 25th most expensive property on the street.
When compared to the postcode district it is £2k more expensive than the average property in RH1.
Flat 5, Picketts, Redhill has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Feb 2023.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to Flat 5, Picketts, Redhill is Salfords (Surrey) station which is 900 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 5, Picketts, Redhill, 50.4% of property is privately owned outright and 36.4% 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 5, Picketts, Redhill, 17.4% of residents are recorded as possessing school level qualifications and 29.3% 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 5, Picketts, Redhill, the average age was 40.8 and the most common age was 57.
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 5, Picketts, Redhill, 0.9% 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 5, Picketts, Redhill, there are an average of 2.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.