60, Mill Lane
60, Mill Lane
Description & Estimates
According to the public record, 60, Mill Lane, Redhill is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 596 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 60, Mill Lane, Redhill is £269,189 and the estimated rental value is £1,348 per month.
Mill Lane, Merstham, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
Our Data Sources
60, Mill Lane, Redhill has 31 entries in the Land Registry , most recently in July 2019 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 5 out of 5 and is considered of high 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 60, Mill Lane, Redhill is in very good condition we estimate a sale value of £282,649 and a rental value of £1,416 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £250,346 and a rental value of £1,254 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 60, Mill Lane, Redhill has declined by £509 (0.2%), while its estimated rental value has climbed by £68 per month (5.0%). Based on current estimates, the property offers a gross rental yield of 6.0%.
Sold Prices
According to HM Land Registry, 60, Mill Lane, Redhill was last sold on 26th July 2019 for £238,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since July 2019, the market for similar properties has dropped by 6.0%.
- Sold Jul 2019£238,500
- Sold Nov 2007£185,000
- Sold Dec 2002£156,500
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 60, Mill Lane, Redhill within a radius of 810 metres over the last 2 years.
The most recent example is 46, Mill Lane, Redhill, RH1 3HQ, a leasehold flat which sold for £300,350 on the 18th September 2023.
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
Mill Lane, Merstham, Redhill, RH1 has a total of 36 addresses. According to our analysis of all the public data, 60, Mill Lane, Redhill is the 17th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £185k less expensive than the average property in RH1.
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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
The closest station to 60, Mill Lane, Redhill is Merstham station, which is 1.4 kilometres away.
- 1.4kmMerstham
- 1.9kmRedhill
- 2.9kmNutfield
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.
