46, Mill Lane
46, Mill Lane
Description & Estimates
46, Mill Lane, Redhill is recorded publicly as a modern leasehold apartment across 592 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 46, Mill Lane, Redhill is £268,955 and its rental estimate is £1,348 per month, given the available information and assuming reasonable condition.
Mill Lane, Merstham, Redhill, RH1 falls within the RH1 postal district, in the borough of Reigate and Banstead.
Our Data Sources
46, Mill Lane, Redhill has 41 entries in the Land Registry , most recently in September 2023 and a single entry in the EPC database dated April 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.
Price Range & Condition
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 46, Mill Lane, Redhill, we estimate a market value of £282,403 and a rental value of £1,415 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £250,128 and £1,254 per month respectively.
Recent Market Change
Over the last year, 46, Mill Lane, Redhill has seen its estimated sale value fall by £509 (0.2%) and its estimated rental value move up by £68 per month (5.0%). This results in an estimated gross rental yield of 6.0%.
Energy Efficiency
46, Mill Lane, Redhill has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Apr 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
The most recent sale of 46, Mill Lane, Redhill completed on 18th September 2023 at £300,350 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 4 times.
Values of comparable properties have dropped by 8.7% over the period since September 2023.
- Sold Sep 2023£300,350
- Sold Nov 2011£185,000
- Sold Apr 2003£155,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 46, Mill Lane, Redhill have sold within a radius of 790 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 12th February 2025, was 52, Mill Lane, Redhill, RH1 3HQ, a leasehold flat which sold for £260,000.
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
Of the 36 addresses on Mill Lane, Merstham, Redhill, RH1, 46, Mill Lane, Redhill comes out as the 20th largest and the 33rd most expensive in our analysis of the public data.
It is also £185k less expensive than the average property across the RH1 district.
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Schools Nearby
- 1.0kmLime Tree Primary School and Nursery
- 1.2kmMerstham Primary School
- 1.2kmFurzefield Primary Academy
- 600mMerstham Park School
- 1.5kmCarrington School
- 2.0kmSt Bede's School
More reading links
Public Transport Nearby
From 46, Mill Lane, Redhill, the nearest station is Merstham, 1.4 kilometres away.
- 1.4kmMerstham
- 1.9kmRedhill
- 2.9kmNutfield
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
