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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
RH1 5LZHouse Prices / South East, Reigate and Banstead, Spencer Way
Last updated May 2026
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 341st most expensive of the 1,110 postcodes in the RH1 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 16 properties: 15 houses and 1 flat.
16
Properties
- Houses
- Flats
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 341st most expensive of the 1,110 postcodes in the RH1 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 16 properties: 15 houses and 1 flat.
16
Properties
- Houses
- Flats
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House Pricesin RH1 5LZ
Sale prices range from £215,735 for 2 bedroom leasehold flats (785 ft2) to £361,423 for 3 bedroom freehold houses with a garden (1,001 ft2) .
Monthly rental prices range from £1,275 pcm for 2 bed flats to £1,830 pcm for 3 bed houses.
The gross rental yield is between 6.1% and 7.1%.
The average value per square foot is £395.
Average Sale Value
£320,659
Average Rental Value
£1,666 pcm
Average Rental Yield
6.2% /year
Average Value Per Sqft
£395 /ft2
Sales Market Trendsin RH1 5LZ
The last sale in RH1 5LZ sold for £260,000 on 26th July 2022. Since then prices have on average remained the same.
The current average value in the postcode is £320,659.
The RH1 5LZ Sales Market has increased by 12.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -0.2% | £320,659 |
| April 2025 | 1.7% | £321,416 |
| April 2024 | -0.6% | £315,899 |
| April 2023 | -0.1% | £317,667 |
| April 2022 | 6.3% | £318,024 |
| April 2021 | 3.4% | £299,205 |
| April 2020 | 2.2% | £289,302 |
| April 2019 | -1.2% | £282,991 |
| April 2018 | -2.5% | £286,497 |
| April 2017 | 3.2% | £293,780 |
| April 2016 | 13% | £284,771 |
| April 2015 | 12.9% | £252,056 |
| April 2014 | 9.8% | £223,345 |
| April 2013 | 3.9% | £203,442 |
| April 2012 | 0.7% | £195,842 |
| April 2011 | 1.7% | £194,428 |
| April 2010 | 6.7% | £191,174 |
| April 2009 | -15.5% | £179,156 |
| April 2008 | 5.3% | £211,950 |
| April 2007 | 0% | £201,332 |
Rental Market Trendsin RH1 5LZ
The current average rental value in the postcode is £1,666.
The RH1 5LZ Rental Market has increased by 42.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.6% | £1,666pcm |
| April 2025 | 5.2% | £1,593pcm |
| April 2024 | 8.2% | £1,514pcm |
| April 2023 | 9.1% | £1,400pcm |
| April 2022 | 5.3% | £1,283pcm |
| April 2021 | 2.2% | £1,218pcm |
| April 2020 | 2.6% | £1,192pcm |
| April 2019 | 1.7% | £1,162pcm |
| April 2018 | -1% | £1,143pcm |
| April 2017 | -1.7% | £1,154pcm |
| April 2016 | 5% | £1,173pcm |
| April 2015 | 8.1% | £1,117pcm |
| April 2014 | 3.9% | £1,033pcm |
| April 2013 | 5.4% | £995pcm |
| April 2012 | 5.2% | £944pcm |
| April 2011 | 5% | £897pcm |
| April 2010 | 0.3% | £854pcm |
| April 2009 | -7.6% | £852pcm |
| April 2008 | 4.9% | £922pcm |
| April 2007 | 0% | £878pcm |
Explore Propertiesin RH1 5LZ, Spencer Way, Redhill, RH1
- 18, Spencer Way, Redhill, RH1 5LZ3 bed mid-century house
- 20, Spencer Way, Redhill, RH1 5LZ
- 22, Spencer Way, Redhill, RH1 5LZ
- 24, Spencer Way, Redhill, RH1 5LZ3 bed modern house
- 26, Spencer Way, Redhill, RH1 5LZ
- 28, Spencer Way, Redhill, RH1 5LZ
- 30, Spencer Way, Redhill, RH1 5LZ3 bed mid-century house
- 32, Spencer Way, Redhill, RH1 5LZ3 bed mid-century house
- 34, Spencer Way, Redhill, RH1 5LZ3 bed mid-century house
- 36, Spencer Way, Redhill, RH1 5LZ3 bed mid-century house
- 38, Spencer Way, Redhill, RH1 5LZ3 bed mid-century house
- 40, Spencer Way, Redhill, RH1 5LZ3 bed mid-century house
- 42, Spencer Way, Redhill, RH1 5LZ
- 44, Spencer Way, Redhill, RH1 5LZ3 bed mid-century house
- 46, Spencer Way, Redhill, RH1 5LZ3 bed mid-century house
- 48, Spencer Way, Redhill, RH1 5LZ
Sales Historyin RH1 5LZ
The last sale was on 26th July 2022 for £260,000 and since then the market in the area has remained stable. The postcode has had a total of 16 sales since 1995.
RH1 5LZ has seen no sales in the last three years and no sales in the last twelve months.
Sold Jul 2022£260,000 | 3 Bed HouseSpencer Way24, Spencer Way, Redhill, RH1 5LZ
Sold Jul 2022£330,000 | 3 Bed HouseSpencer Way44, Spencer Way, Redhill, RH1 5LZ
Sold Aug 2019£305,000 | 3 Bed HouseSpencer Way18, Spencer Way, Redhill, RH1 5LZ
Sold Jun 2019£285,000 | 3 Bed HouseSpencer Way44, Spencer Way, Redhill, RH1 5LZ
Sold Oct 2016£295,000 | 3 Bed HouseSpencer Way18, Spencer Way, Redhill, RH1 5LZ
Sold Oct 2015£265,000 | 3 Bed HouseSpencer Way46, Spencer Way, Redhill, RH1 5LZ
Sold Aug 2014£250,000 | 3 Bed HouseSpencer Way18, Spencer Way, Redhill, RH1 5LZ
Sold Jul 2007£174,000 | 3 Bed HouseSpencer Way46, Spencer Way, Redhill, RH1 5LZ
Sold Sep 2001£113,500 | 3 Bed HouseSpencer Way44, Spencer Way, Redhill, RH1 5LZ
Sold Oct 1998£72,000 | 3 Bed HouseSpencer Way48, Spencer Way, Redhill, RH1 5LZ
Sold Jun 1998£78,500 | 3 Bed HouseSpencer Way32, Spencer Way, Redhill, RH1 5LZ
Sold Jul 1997£59,250 | 3 Bed HouseSpencer Way40, Spencer Way, Redhill, RH1 5LZ
Sold Apr 1997£77,950 | 2 Bed FlatSpencer Way28, Spencer Way, Redhill, RH1 5LZ
Sold Sep 1995£57,000 | 3 Bed HouseSpencer Way48, Spencer Way, Redhill, RH1 5LZ
Sold Jun 1995£53,150 | 2 Bed FlatSpencer Way28, Spencer Way, Redhill, RH1 5LZ
Sold May 1995£54,500 | 3 Bed HouseSpencer Way44, Spencer Way, Redhill, RH1 5LZ
Nearby Postcodesto RH1 5LZ
RH1 5LZ is the 567th largest and the 341st most expensive postcode out of the 1,110 postcodes in the RH1 area.
- 35 mRH1 5BN, Bushfield Drive, Redhill, RH1RH1 5BN6 Addresses
- 37 mRH1 5SR, The Brow, Redhill, RH1RH1 5SR14 Addresses
- 39 mRH1 5AZ, Yeoman Way, Redhill, RH1RH1 5AZ12 Addresses
- 75 mRH1 5SJ, Foxley Close, Redhill, RH1RH1 5SJ19 Addresses
- 84 mRH1 5LH, Jasmine Close, Redhill, RH1RH1 5LH11 Addresses
- 84 mRH1 5BL, Yeoman Way, Redhill, RH1RH1 5BL12 Addresses
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Property Typesin RH1 5LZ
- 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 Efficiencyof properties in RH1 5LZ
- Energy Performance Certificate (EPC) surveys conducted for 10 properties.
- The dominant rating is C.
- A (0)
- E (0)
- B (0)
- F (0)
- C (7)
- G (0)
- D (3)
- No EPC (6)
Schools Nearbyto RH1 5LZ
The nearest primary school to RH1 5LZ is Salfords Primary School and Nursery which is 753 metres away.
- 753mSalfords Primary School and Nursery
- 1.6kmEarlswood Junior School
- 1.8kmEarlswood Infant and Nursery School
The nearest secondary school is Reigate School which is 2.5 kilometres away.
- 2.5kmReigate School
- 3.1kmCarrington School
- 4.1kmSt Bede's School
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Public Transport Nearbyto RH1 5LZ
The closest station to RH1 5LZ is Salfords (Surrey) station which is 1.4 kilometres away.
- 1.4kmSalfords (Surrey)
- 1.6kmEarlswood (Surrey)
- 2.4kmNutfield
- 2.9kmRedhill
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