Spencer Way - RH1 5LY
Key Postcode Insights
RH1 5LY is a residential postcode situated on Spencer Way, Redhill, RH1 with 8 addresses.
It ranks as the 290th largest and 373rd most expensive of the 1,110 postcodes in the RH1 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 8 properties: 8 houses.
- Ave. Sale Price
- £412,494
- 10 Year change
- up 18.7%
- Ave. Rental Price
- £2,015pcm
- 10 Year change
- up 55.2%
- Ave. £ per ft²
- £373/ft²
- Ave. Gross Yield
- 5.9%/year/yr
Key Postcode Insights
RH1 5LY is a residential postcode situated on Spencer Way, Redhill, RH1 with 8 addresses.
It ranks as the 290th largest and 373rd most expensive of the 1,110 postcodes in the RH1 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 8 properties: 8 houses.
- Ave. Sale Price
- £412,494
- 10 Year change
- up 18.7%
- Ave. Rental Price
- £2,015pcm
- 10 Year change
- up 55.2%
- Ave. £ per ft²
- £373/ft²
- Ave. Gross Yield
- 5.9%/year/yr
Explore Propertiesin RH1 5LY
- 2 Spencer Way
Unknown
- 4 Spencer Way
3 Bed Mid-century House
- 6 Spencer Way
3 Bed Mid-century House
- 8 Spencer Way
3 Bed Mid-century House
- 10 Spencer Way
3 Bed Mid-century House
Sales Market Trends
The last sale in RH1 5LY sold for £340,000 on 17th February 2022. Since then prices are up an average of 3.4%.
The current average value in the postcode is £412,494.
The RH1 5LY Sales Market has increased by 18.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -2.1% | £412,494 |
| June 2025 | 1.8% | £421,538 |
| June 2024 | 0.3% | £414,264 |
| June 2023 | -1.7% | £413,217 |
| June 2022 | 9.2% | £420,233 |
| June 2021 | 6.3% | £384,709 |
| June 2020 | 3.3% | £361,907 |
| June 2019 | -1% | £350,328 |
| June 2018 | -1.5% | £353,992 |
| June 2017 | 3.4% | £359,389 |
| June 2016 | 10.8% | £347,471 |
| June 2015 | 9.4% | £313,713 |
| June 2014 | 11.7% | £286,676 |
| June 2013 | 3.3% | £256,648 |
| June 2012 | 1.2% | £248,533 |
| June 2011 | 2.4% | £245,556 |
| June 2010 | 11.8% | £239,747 |
| June 2009 | -12.5% | £214,438 |
| June 2008 | 1.6% | £244,942 |
| June 2007 | 0% | £241,022 |
Rental Market Trends
The current average rental value in the postcode is £2,015.
The RH1 5LY Rental Market has increased by 55.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4.6% | £2,015pcm |
| June 2025 | 4.8% | £1,927pcm |
| June 2024 | 7.4% | £1,839pcm |
| June 2023 | 9.5% | £1,713pcm |
| June 2022 | 8.5% | £1,564pcm |
| June 2021 | 4.9% | £1,442pcm |
| June 2020 | 3.8% | £1,374pcm |
| June 2019 | 2.1% | £1,324pcm |
| June 2018 | 0.3% | £1,296pcm |
| June 2017 | -0.4% | £1,293pcm |
| June 2016 | 2.6% | £1,298pcm |
| June 2015 | 5.3% | £1,265pcm |
| June 2014 | 5% | £1,201pcm |
| June 2013 | 4.4% | £1,145pcm |
| June 2012 | 4.7% | £1,096pcm |
| June 2011 | 5.8% | £1,047pcm |
| June 2010 | 7.6% | £990pcm |
| June 2009 | -8.7% | £920pcm |
| June 2008 | 4.7% | £1,008pcm |
| June 2007 | 0% | £963pcm |
Sales History
The last sale was on 17th February 2022 for £340,000 and since then the market in the area has increased by 3.4%. The postcode has had a total of 9 sales since 1995.
RH1 5LY has seen no sales in the last three years and no sales in the last twelve months.
- Sold Feb 2022£340,000 | 3 Bed House10, Spencer Way, Redhill, RH1 5LY10, Spencer Way, Redhill, RH1 5LY
- Sold Sep 2021£345,000 | 3 Bed House16, Spencer Way, Redhill, RH1 5LY16, Spencer Way, Redhill, RH1 5LY
- Sold Aug 2019£285,000 | 3 Bed House6, Spencer Way, Redhill, RH1 5LY6, Spencer Way, Redhill, RH1 5LY
- Sold Sep 2010£215,000 | 3 Bed House4, Spencer Way, Redhill, RH1 5LY4, Spencer Way, Redhill, RH1 5LY
- Sold May 2008£205,000 | 3 Bed House16, Spencer Way, Redhill, RH1 5LY16, Spencer Way, Redhill, RH1 5LY
Nearby Postcodes
RH1 5LY is the 290th largest and the 373rd most expensive postcode out of the 1,110 postcodes in the RH1 area.
- RH1 5BL, Yeoman Way, Redhill, RH1RH1 5BL12 Addresses|37 m away
- RH1 5LQ, Ivydene Close, Redhill, RH1RH1 5LQ15 Addresses|92 m away
- RH1 5AZ, Yeoman Way, Redhill, RH1RH1 5AZ12 Addresses|94 m away
- RH1 5SQ, Bushfield Drive, Redhill, RH1RH1 5SQ14 Addresses|102 m away
- RH1 5LL, Masons Bridge Road, Redhill, RH1RH1 5LL26 Addresses|108 m away
Property Types
- 6 mid-century houses built between 1936 and 1979
- 2 other addresses of unknown type
- mid-century house (6)
- Unknown (2)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 6 properties.
- The most common rating is C.
- A (0)
- E (0)
- B (0)
- F (0)
- C (4)
- G (0)
- D (2)
- No EPC (2)
Top 3 Most Expensive Sales
- Sold Jun 2021£485,000 | 4 Bed House5, Spencer Way, Redhill, RH1 5LF5, Spencer Way, Redhill, RH1 5LF
- Sold Dec 2022£455,000 | 3 Bed House43, Spencer Way, Redhill, RH1 5LF43, Spencer Way, Redhill, RH1 5LF
- Sold Jul 2017£450,000 | 3 Bed House35, Spencer Way, Redhill, RH1 5LF35, Spencer Way, Redhill, RH1 5LF
Schools Nearby
- Salfords Primary School and Nursery800 m away
- Earlswood Junior School1.6 km away
- Earlswood Infant and Nursery School1.8 km away
- Reigate School2.6 km away
- Carrington School3.1 km away
- St Bede's School4.1 km away
More reading links
Public Transport Nearby
The closest station to RH1 5LY is Salfords (Surrey) station, which is 1.4 kilometres away.
- Salfords (Surrey)|1.4 km away
- Earlswood (Surrey)|1.6 km away
- Nutfield|2.3 km away
- Redhill|2.9 km away
