62, Spencer Way
62, Spencer Way
Description & Estimates
Public records show 62, Spencer Way, Redhill to be a mid-century freehold house with 731 ft2 of internal area, sitting on a 131 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
62, Spencer Way, Redhill has an estimated sale value of £371,421 and an estimated rental value of £1,872 per month, assuming reasonable condition and based on the information available.
Spencer Way, Redhill, RH1 lies in the borough of Reigate and Banstead, within the RH1 postal district.
Our Data Sources
62, Spencer Way, Redhill has 2 entries in the Land Registry , most recently in January 2018 and a single entry in the EPC database dated December 2024.
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
In very good condition, we estimate 62, Spencer Way, Redhill would be worth £389,992, with a potential rental value of £1,966 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £345,422, with a rental value of £1,741 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 62, Spencer Way, Redhill has dropped by £4,497 (1.2%) over the last year. During the same period, its estimated monthly rental value has risen by £84 (4.5%). The property's estimated gross yield is currently 6.0%.
Plot Size
62, Spencer Way, Redhill occupies a 131 m2 plot as recorded by HM Land Registry.
All 31 other houses in this postcode have recorded plot sizes, and this one ranks as the 25th largest.
Energy Efficiency
62, Spencer Way, Redhill has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Dec 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
62, Spencer Way, Redhill last changed hands on 10th January 2018, selling for £290,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 42.7% since January 2018.
- Sold Jan 2018£290,000
- Sold Jul 2012£193,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 880 metres of 62, Spencer Way, Redhill across the last 2 years.
Most recently, 5, Greenwood Drive, Redhill, RH1 5PH, a freehold house, sold at £395,000 on the 25th October 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
Our analysis of the public data ranks 62, Spencer Way, Redhill as the 76th largest and the 52nd most expensive of the 93 addresses on Spencer Way, Redhill, RH1.
Against the RH1 postcode district average, it is £82k less expensive than the typical property.
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Schools Nearby
- 600mSalfords Primary School and Nursery
- 1.7kmEarlswood Junior School
- 1.8kmEarlswood Infant and Nursery School
- 2.3kmReigate School
- 3.2kmCarrington School
- 4.1kmSt Bede's School
More reading links
Public Transport Nearby
Salfords (Surrey) station is the nearest stop to 62, Spencer Way, Redhill at 1.3 kilometres away.
- 1.3kmSalfords (Surrey)
- 1.6kmEarlswood (Surrey)
- 2.6kmNutfield
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
