2 Castle Place, Redhill
2 Castle Place, Redhill
Description & Estimates
The public record lists 2 Castle Place, Redhill as a leasehold apartment.
Comparison with its neighbours suggests a modern apartment with 1,392 ft2 of internal area.
In this area, apartments of this size normally have 3 bedrooms.
2 Castle Place, Redhill has an estimated sale value of £375,087 and an estimated rental value of £2,170 per month, assuming reasonable condition and based on the information available.
The apartment sits within Castle Place, Castle Square, Bletchingley, Redhill, RH1.
Castle Square, Bletchingley, Redhill, RH1 lies in the borough of Tandridge, within the RH1 postal district.
Our Data Sources
2 Castle Place, Redhill has a single entry in the Land Registry from January 2012 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 2 Castle Place, Redhill would be worth £393,842, with a potential rental value of £2,279 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £348,831, with a rental value of £2,018 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 2 Castle Place, Redhill has decreased by £80 (0.0%) over the last year. During the same period, its estimated monthly rental value has grown by £123 (5.7%). The property's estimated gross yield is currently 6.9%.
Sold Prices
2 Castle Place, Redhill last changed hands on 27th January 2012, selling for £595,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 38.4% since January 2012.
- Sold Jan 2012£595,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 1 sale of a comparable property within 2.4 kilometres of 2 Castle Place, Redhill across the last 2 years.
Most recently, 5 Castle Place, Castle Square, Redhill, RH1 4LB, a leasehold flat, sold at £345,000 on the 27th October 2011.
Read more about house prices in RH1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 2 Castle Place, Redhill as the 16th largest and the 24th most expensive of the 27 addresses on Castle Square, Bletchingley, Redhill, RH1.
Against the RH1 postcode district average, it is £79k less expensive than the typical property.
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Schools Nearby
- 800mBletchingley Village Primary School
- 2.0kmNutfield Church CofE Primary School
- 2.7kmGodstone Primary and Nursery School
- 3.2kmMerstham Park School
- 3.9kmCarrington School
- 5.0kmSt Bede's School
More reading links
Public Transport Nearby
Nutfield station is the nearest stop to 2 Castle Place, Redhill at 2.4 kilometres away.
- 2.4kmNutfield
- 4.2kmMerstham
- 4.2kmRedhill
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
