According to the public record, Flat 6, 10, Field Oaks Way, Redhill is a modern leasehold apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 10, Field Oaks Way, Merstham, Redhill, RH1.
Field Oaks Way, Merstham, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
Flat 6, 10, Field Oaks Way, Redhill has a single entry in the Land Registry database from November 2020 and a single entry in the EPC database dated September 2015.
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 6 10 Field Oaks Way Redhill as £117,180 and the rental value as £626 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 6 10 Field Oaks Way Redhill has increased by £1,240 (1.1%) and its rental value has increased by £30 per month (4.8%).
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 6, 10, Field Oaks Way, Redhill is in very good condition we estimate a sale value of £123,039 and rental value of £657 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £108,977 and a rental value of £582 per month.
If you were able to purchase this property for the estimated value of £117,180, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £576 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 6, 10, Field Oaks Way, Redhill was last sold on 17 Nov 2020 for £84,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2020, the market for similar properties has risen 2.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 6, 10, Field Oaks Way, Redhill within a radius of 570 metres over the last 2 years.
The most recent example is Flat 9, 10, Field Oaks Way, Redhill, RH1 3FS, a Leasehold flat which sold for £118,000 in Oct 2023.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Field Oaks Way, Merstham, Redhill, RH1 has a total of 35 addresses. According to our analysis of all the public data, Flat 6, 10, Field Oaks Way, Redhill is the 24th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £320k less expensive than the average property in RH1.
Flat 6, 10, Field Oaks Way, Redhill has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 17 Sep 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 6, 10, Field Oaks Way, Redhill is Merstham station which is 500 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 6, 10, Field Oaks Way, Redhill, 50.0% of property is socially rented and 19.9% 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 6, 10, Field Oaks Way, Redhill, 29.2% of residents are recorded as possessing school level qualifications and 25.4% 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 6, 10, Field Oaks Way, Redhill, the average age was 37.2 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 6, 10, Field Oaks Way, 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 6, 10, Field Oaks Way, 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.