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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
40, Elmwood Road, Redhill is recorded publicly as a modern freehold house across 965 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 40, Elmwood Road, Redhill is £492,109 and its rental estimate is £2,163 per month, given the available information and assuming reasonable condition.
Elmwood Road, Redhill, RH1 falls within the RH1 postal district, in the borough of Reigate and Banstead.
40, Elmwood Road, Redhill has 41 entries in the Land Registry , most recently in July 2015 and a single entry in the EPC database dated August 2009.
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.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 40, Elmwood Road, Redhill, we estimate a market value of £516,715 and a rental value of £2,272 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £457,662 and £2,012 per month respectively.
Over the last year, 40, Elmwood Road, Redhill has seen its estimated sale value decline by £5,958 (1.2%) and its estimated rental value climb by £97 per month (4.5%). This results in an estimated gross rental yield of 5.3%.
40, Elmwood Road, Redhill has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Aug 2009.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 40, Elmwood Road, Redhill completed on 27th July 2015 at £370,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 4 times.
Values of comparable properties have risen by 29.6% over the period since July 2015.
Over the past 2 years 3 properties similar to 40, Elmwood Road, Redhill have sold within a radius of 640 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st February 2022, was 1A, Westway Gardens, Redhill, RH1 2JA, a freehold house which sold for £505,000.
Read more about house prices in RH1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 44 addresses on Elmwood Road, Redhill, RH1, 40, Elmwood Road, Redhill comes out as the 28th largest and the 26th most expensive in our analysis of the public data.
It is also £38k more expensive than the average property across the RH1 district.
From 40, Elmwood Road, Redhill, the nearest station is Merstham, 1.4 kilometres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around 40, Elmwood Road, Redhill, 50.0% of property is privately owned with a mortgage and 31.5% is privately owned outright.
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 40, Elmwood Road, Redhill, 26.0% of residents are recorded as possessing school level qualifications and 36.1% 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 40, Elmwood Road, 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 40, Elmwood Road, Redhill, 0.0% 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 40, Elmwood Road, Redhill, there are an average of 1.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.
