Spencer Way - RH1 5LZ
Key Postcode Insights
RH1 5LZ is a residential postcode situated on Spencer Way, Redhill, RH1 with 16 addresses.
It ranks as the 567th largest and 344th 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 16 properties: 10 houses and 6 other properties.
- Ave. Sale Price
- £320,211
- 10 Year change
- up 9.6%
- Ave. Rental Price
- £1,665pcm
- 10 Year change
- up 43.4%
- Ave. £ per ft²
- £390/ft²
- Ave. Gross Yield
- 6.2%/year/yr
Key Postcode Insights
RH1 5LZ is a residential postcode situated on Spencer Way, Redhill, RH1 with 16 addresses.
It ranks as the 567th largest and 344th 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 16 properties: 10 houses and 6 other properties.
- Ave. Sale Price
- £320,211
- 10 Year change
- up 9.6%
- Ave. Rental Price
- £1,665pcm
- 10 Year change
- up 43.4%
- Ave. £ per ft²
- £390/ft²
- Ave. Gross Yield
- 6.2%/year/yr
Explore Properties in RH1 5LZ
- 18 Spencer Way
3 Bed Mid-century House
- 20 Spencer Way
House
- 22 Spencer Way
House
- 24 Spencer Way
3 Bed Modern House
- 26 Spencer Way
House
Sales Market Trends
The last sale in RH1 5LZ sold for £260,000 on 26th July 2022. Since then prices are down an average of 0.7%.
The current average value in the postcode is £320,211.
The RH1 5LZ Sales Market has increased by 9.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -1.5% | £320,211 |
| June 2025 | 1.1% | £325,163 |
| June 2024 | 0.7% | £321,677 |
| June 2023 | -1.9% | £319,363 |
| June 2022 | 7% | £325,690 |
| June 2021 | 3.7% | £304,281 |
| June 2020 | 2.5% | £293,473 |
| June 2019 | -1.1% | £286,373 |
| June 2018 | -2.4% | £289,669 |
| June 2017 | 1.6% | £296,764 |
| June 2016 | 12.6% | £292,066 |
| June 2015 | 10.8% | £259,318 |
| June 2014 | 12% | £233,978 |
| June 2013 | 3.2% | £208,919 |
| June 2012 | 1.2% | £202,468 |
| June 2011 | 1.3% | £199,976 |
| June 2010 | 8.3% | £197,345 |
| June 2009 | -13.4% | £182,293 |
| June 2008 | 1.4% | £210,572 |
| June 2007 | 0% | £207,634 |
Rental Market Trends
The current average rental value in the postcode is £1,665.
The RH1 5LZ Rental Market has increased by 43.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 5.3% | £1,665pcm |
| June 2025 | 4.1% | £1,582pcm |
| June 2024 | 7.9% | £1,520pcm |
| June 2023 | 9.2% | £1,409pcm |
| June 2022 | 6.3% | £1,290pcm |
| June 2021 | 2.3% | £1,214pcm |
| June 2020 | 3% | £1,186pcm |
| June 2019 | 2% | £1,152pcm |
| June 2018 | -0.6% | £1,129pcm |
| June 2017 | -2.2% | £1,136pcm |
| June 2016 | 4.4% | £1,162pcm |
| June 2015 | 6.6% | £1,113pcm |
| June 2014 | 5.2% | £1,044pcm |
| June 2013 | 4.3% | £992pcm |
| June 2012 | 4.7% | £951pcm |
| June 2011 | 4.7% | £908pcm |
| June 2010 | 4.2% | £867pcm |
| June 2009 | -9.8% | £833pcm |
| June 2008 | 4.4% | £923pcm |
| June 2007 | 0% | £883pcm |
Sales History
The last recorded sale was on 26th July 2022 for £260,000 and since then the market in the area has decreased by 0.7%.
RH1 5LZ has had 3 sales since 1995, none of them in the last three years.
- Sold Jul 2022£260,000 | 3 Bed House24, Spencer Way, Redhill, RH1 5LZ24, Spencer Way, Redhill, RH1 5LZ
- Sold Jul 2022£330,000 | 3 Bed House44, Spencer Way, Redhill, RH1 5LZ44, Spencer Way, Redhill, RH1 5LZ
- Sold Aug 2019£305,000 | 3 Bed House18, Spencer Way, Redhill, RH1 5LZ18, Spencer Way, Redhill, RH1 5LZ
Nearby Postcodes
RH1 5LZ is the 567th largest and the 344th most expensive postcode out of the 1,110 postcodes in the RH1 area.
- RH1 5BN, Bushfield Drive, Redhill, RH1RH1 5BN6 Addresses|35 m away
- RH1 5SR, The Brow, Redhill, RH1RH1 5SR14 Addresses|37 m away
- RH1 5AZ, Yeoman Way, Redhill, RH1RH1 5AZ12 Addresses|39 m away
- RH1 5SJ, Foxley Close, Redhill, RH1RH1 5SJ19 Addresses|75 m away
- RH1 5LH, Jasmine Close, Redhill, RH1RH1 5LH11 Addresses|84 m away
Property Types
- 1 modern house built after 1980
- 9 mid-century houses built between 1936 and 1979
- 6 other addresses of unknown type
- modern house (1)
- mid-century house (9)
- Unknown (6)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 10 properties.
- The most common rating is C.
- A (0)
- E (0)
- B (0)
- F (0)
- C (7)
- G (0)
- D (3)
- No EPC (6)
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 School2.5 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 5LZ is Salfords (Surrey) station, which is 1.4 kilometres away.
- Salfords (Surrey)|1.4 km away
- Earlswood (Surrey)|1.6 km away
- Nutfield|2.4 km away
- Redhill|2.9 km away
