According to the public record, Margarita, Redhill is a mid-century freehold house with 785 ft2 of internal area and sits on a 549 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Lodge Lane, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
Margarita, Redhill has a single entry in the Land Registry database from October 2023 and a single entry in the EPC database dated June 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 Margarita Redhill as £485,679 and the rental value as £1,809 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of Margarita Redhill has increased by £4,737 (1.0%) and its rental value has increased by £101 per month (5.6%).
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 Margarita, Redhill is in very good condition we estimate a sale value of £509,963 and rental value of £1,899 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £451,682 and a rental value of £1,682 per month.
If you were able to purchase this property for the estimated value of £485,679, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,387 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, Margarita, Redhill sits on a plot of 549m2.
We have plot size data on 9 out of 14 other houses in the postcode and Margarita, Redhill sits on the 9th largest plot.
According to HM Land Registry, Margarita, Redhill was last sold on 02 Oct 2023 for £450,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Oct 2023, the market for similar properties has risen 1.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Margarita, Redhill within a radius of 1.6 kilometres over the last 2 years.
The most recent example is 10, Park Avenue, Redhill, RH1 5DP, a Freehold house which sold for £380,000 in Feb 2020.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lodge Lane, Redhill, RH1 has a total of 61 addresses. According to our analysis of all the public data, Margarita, Redhill is the 61st largest and the 58th most expensive property on the street.
When compared to the postcode district it is £48k more expensive than the average property in RH1.
Margarita, Redhill has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Jun 2023.
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 Margarita, Redhill is Salfords (Surrey) station which is 500 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Margarita, Redhill, 47.1% of property is privately owned outright and 45.2% 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 Margarita, Redhill, 17.7% of residents are recorded as possessing school level qualifications and 41.3% 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 Margarita, 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 Margarita, Redhill, 1.6% 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 Margarita, Redhill, there are an average of 1.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.