54, Mill Lane
54, Mill Lane
Description & Estimates
The public record describes 54, Mill Lane, Redhill as a modern house with 505 ft2 of internal area, sitting on a 98.7 m2 plot.
In this area, houses of this size normally have 2 bedrooms with a garden.
54, Mill Lane, Redhill has an estimated sale value of £306,718 and an estimated rental value of £1,499 per month, assuming reasonable condition and based on the information available.
Mill Lane, Merstham, Redhill, RH1 lies in the borough of Reigate and Banstead, within the RH1 postal district.
Our Data Sources
54, Mill Lane, Redhill has no records in the the Land Registry and a single entry in the EPC database dated February 2017.
We combine this information with public data 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
In very good condition, we estimate 54, Mill Lane, Redhill would be worth £322,054, with a potential rental value of £1,574 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £285,248, with a rental value of £1,394 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 54, Mill Lane, Redhill has declined by £1,997 (0.7%) over the last year. During the same period, its estimated monthly rental value has climbed by £78 (5.2%). The property's estimated gross yield is currently 5.9%.
Plot Size
54, Mill Lane, Redhill occupies a 99 m2 plot as recorded by HM Land Registry.
Of the 24 other houses in this postcode, 20 have recorded plot sizes, and this one ranks as the 17th largest.
Energy Efficiency
54, Mill Lane, Redhill has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Feb 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 790 metres of 54, Mill Lane, Redhill across the last 2 years.
Most recently, 30, Mill Lane, Redhill, RH1 3HQ, a freehold house, sold at £365,000 on the 18th October 2021.
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 54, Mill Lane, Redhill as the 31st largest and the 23rd most expensive of the 36 addresses on Mill Lane, Merstham, Redhill, RH1.
Against the RH1 postcode district average, it is £147k less expensive than the typical property.
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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
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Public Transport Nearby
Merstham station is the nearest stop to 54, Mill Lane, Redhill at 1.4 kilometres away.
- 1.4kmMerstham
- 1.9kmRedhill
- 2.9kmNutfield
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
