According to the public record, Laurelea, Redhill is a mid-century freehold house with 1,442 ft2 of internal area and sits on a 921 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Grange Drive, Merstham, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
Laurelea, Redhill has a single entry in the Land Registry database from April 2020 and a single entry in the EPC database dated April 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.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Laurelea Redhill as £705,223 and the rental value as £2,390 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of Laurelea Redhill has decreased by £2,916 (0.4%) and its rental value has increased by £78 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 Laurelea, Redhill is in very good condition we estimate a sale value of £740,484 and rental value of £2,509 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £655,857 and a rental value of £2,222 per month.
If you were able to purchase this property for the estimated value of £705,223, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,466 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 data from HM Land Registry, Laurelea, Redhill sits on a plot of 921m2.
We have plot size data on 5 out of 9 other houses in the postcode and Laurelea, Redhill sits on the 3rd largest plot.
According to HM Land Registry, Laurelea, Redhill was last sold on 27 Apr 2020 for £650,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2020, the market for similar properties has risen 9.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Laurelea, Redhill within a radius of 880 metres over the last 2 years.
The most recent example is 12, London Road South, Redhill, RH1 3DT, a Freehold house which sold for £750,000 in Jul 2022.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grange Drive, Merstham, Redhill, RH1 has a total of 18 addresses. According to our analysis of all the public data, Laurelea, Redhill is the 6th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £268k more expensive than the average property in RH1.
Laurelea, Redhill has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 29 Apr 2019.
The property is connected to mains gas and has partial secondary glazing. It is heated using a boiler and radiators.
The closest station to Laurelea, Redhill is Merstham station which is 300 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Laurelea, Redhill, 38.8% of property is privately owned outright and 36.7% 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 Laurelea, Redhill, 16.3% of residents are recorded as possessing school level qualifications and 45.1% 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 Laurelea, 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 Laurelea, Redhill, 2.3% 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 Laurelea, Redhill, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.