According to the public record, Springbank, Redhill is a early-century freehold house with 957 ft2 of internal area and sits on a 458 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Battlebridge Lane, Merstham, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
Springbank, Redhill has a single entry in the Land Registry database from March 2013 and a single entry in the EPC database dated July 2012.
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 Springbank Redhill as £496,262 and the rental value as £2,069 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of Springbank Redhill has increased by £6,625 (1.3%) and its rental value has increased by £107 per month (5.2%).
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 Springbank, Redhill is in very good condition we estimate a sale value of £521,076 and rental value of £2,173 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £461,524 and a rental value of £1,924 per month.
If you were able to purchase this property for the estimated value of £496,262, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,439 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, Springbank, Redhill sits on a plot of 458m2.
We have plot size data on 4 out of 8 other houses in the postcode and Springbank, Redhill sits on the 3rd largest plot.
According to HM Land Registry, Springbank, Redhill was last sold on 08 Mar 2013 for £300,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2013, the market for similar properties has risen 59.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Springbank, Redhill within a radius of 620 metres over the last 2 years.
The most recent example is 34, The Crossways, Redhill, RH1 3NA, a Freehold house which sold for £510,000 in Apr 2022.
Read more about house prices in RH1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Battlebridge Lane, Merstham, Redhill, RH1 has a total of 8 addresses. According to our analysis of all the public data, Springbank, Redhill is the 6th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £59k more expensive than the average property in RH1.
Springbank, Redhill has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 16 Jul 2012.
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 Springbank, Redhill is Merstham station which is 900 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Springbank, Redhill, 51.8% of property is privately owned with a mortgage and 33.1% is privately owned outright.
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 Springbank, Redhill, 18.1% of residents are recorded as possessing school level qualifications and 43.3% 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 Springbank, 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 Springbank, 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 Springbank, 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.