According to the public record, Red Cottage 25, Redhill is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,720 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
High Street, Merstham, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
Red Cottage 25, Redhill has a single entry in the Land Registry database from August 2017 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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 Red Cottage 25 Redhill as £706,453 and the rental value as £2,426 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of Red Cottage 25 Redhill has decreased by £2,921 (0.4%) and its rental value has increased by £79 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 Red Cottage 25, Redhill is in very good condition we estimate a sale value of £741,775 and rental value of £2,547 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £657,001 and a rental value of £2,256 per month.
If you were able to purchase this property for the estimated value of £706,453, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,472 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, Red Cottage 25, Redhill was last sold on 31 Aug 2017 for £795,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2017, the market for similar properties has risen 13.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Red Cottage 25, Redhill within a radius of 910 metres over the last 2 years.
The most recent example is 1, High Street, Redhill, RH1 3BA, a Freehold house which sold for £745,000 in Jun 2021.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
High Street, Merstham, Redhill, RH1 has a total of 33 addresses. According to our analysis of all the public data, Red Cottage 25, Redhill is the 2nd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £269k more expensive than the average property in RH1.
The closest station to Red Cottage 25, Redhill is Merstham station which is 200 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Red Cottage 25, 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 Red Cottage 25, 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 Red Cottage 25, 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 Red Cottage 25, 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 Red Cottage 25, 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.