24, Spencer Way
24, Spencer Way
Description & Estimates
According to the public record, 24, Spencer Way, Redhill is a modern freehold house with 850 ft2 of internal area and sits on a 101 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 24, Spencer Way, Redhill is £330,497 and the estimated rental value is £1,719 per month.
Spencer Way, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
Our Data Sources
24, Spencer Way, Redhill has a single entry in the Land Registry from July 2022 and a single entry in the EPC database dated September 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
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 24, Spencer Way, Redhill is in very good condition we estimate a sale value of £347,022 and a rental value of £1,805 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £307,362 and a rental value of £1,598 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 24, Spencer Way, Redhill has moved down by £4,001 (1.2%), while its estimated rental value has increased by £77 per month (4.5%). Based on current estimates, the property offers a gross rental yield of 6.2%.
Plot Size
According to data from HM Land Registry, 24, Spencer Way, Redhill sits on a plot of 101 m2.
We have plot size data on 8 out of 15 other houses in the postcode and 24, Spencer Way, Redhill sits on the 5th largest plot.
Energy Efficiency
24, Spencer Way, Redhill has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Sep 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 24, Spencer Way, Redhill was last sold on 26th July 2022 for £260,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since July 2022, the market for similar properties has risen by 20.7%.
- Sold Jul 2022£260,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Spencer Way, Redhill within a radius of 990 metres over the last 2 years.
The most recent example is 44, Greenwood Drive, Redhill, RH1 5PJ, a freehold house which sold for £335,000 on the 23rd April 2024.
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
Spencer Way, Redhill, RH1 has a total of 93 addresses. According to our analysis of all the public data, 24, Spencer Way, Redhill is the 46th largest and the 75th most expensive property on the street.
When compared to the postcode district it is £123k less expensive than the average property in RH1.
More reading links
Schools Nearby
- 800mSalfords Primary School and Nursery
- 1.6kmEarlswood Junior School
- 1.8kmEarlswood Infant and Nursery School
- 2.5kmReigate School
- 3.1kmCarrington School
- 4.1kmSt Bede's School
More reading links
Public Transport Nearby
The closest station to 24, Spencer Way, Redhill is Salfords (Surrey) station, which is 1.4 kilometres away.
- 1.4kmSalfords (Surrey)
- 1.6kmEarlswood (Surrey)
- 2.4kmNutfield
Available Internet Speeds
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
