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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
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According to the public record, 2, Abbots Rise, Redhill is a modern leasehold apartment with 430 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Abbots Rise, Redhill is £212,859 and the estimated rental value is £1,088 per month.
Abbots Rise, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
2, Abbots Rise, Redhill has a single entry in the Land Registry from May 2022 and a single entry in the EPC database dated December 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
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 2, Abbots Rise, Redhill is in very good condition we estimate a sale value of £223,501 and a rental value of £1,143 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £197,958 and a rental value of £1,012 per month.
Over the last 12 months the sale value of 2 Abbots Rise Redhill has decreased by an estimated £561 (0.3%) and its rental value has increased by an estimated £49 per month (4.5%), giving an expected gross yield of 6.1%.
2, Abbots Rise, Redhill has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Dec 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
According to HM Land Registry, 2, Abbots Rise, Redhill was last sold on 24th May 2022 for £192,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2022, the market for similar properties has dropped 4.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Abbots Rise, Redhill within a radius of 480 metres over the last 2 years.
The most recent example is Flat 15, Ladbroke Court 122, Ladbroke Road, Redhill, RH1 1JX, a leasehold flat which sold for £202,500 on the 2nd February 2024.
Read more about house prices in RH1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Abbots Rise, Redhill, RH1 has a total of 39 addresses. According to our analysis of all the public data, 2, Abbots Rise, Redhill is the 35th largest and the 35th most expensive property on the street.
When compared to the postcode district it is £242k less expensive than the average property in RH1.
The closest station to 2, Abbots Rise, Redhill is Redhill station which is 700 metres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Abbots Rise, Redhill, 38.8% of property is privately rented and 36.5% is privately owned with a mortgage.
The graph below shows how this compares to South East 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 2, Abbots Rise, Redhill, 13.8% of residents are recorded as possessing school level qualifications and 47.7% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Abbots Rise, Redhill, the average age was 36.3 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 2, Abbots Rise, Redhill, 0.3% 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 2, Abbots Rise, 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.
