72, Mill Lane
72, Mill Lane
Description & Estimates
Public records show 72, Mill Lane, Redhill to be a modern leasehold apartment with 602 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
72, Mill Lane, Redhill has an estimated sale value of £271,629 and an estimated rental value of £1,359 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
72, Mill Lane, Redhill has 71 entries in the Land Registry , most recently in September 2021 and a single entry in the EPC database dated November 2020.
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 72, Mill Lane, Redhill would be worth £285,211, with a potential rental value of £1,427 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £252,615, with a rental value of £1,264 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 72, Mill Lane, Redhill has dropped by £514 (0.2%) over the last year. During the same period, its estimated monthly rental value has risen by £68 (5.0%). The property's estimated gross yield is currently 6.0%.
Energy Efficiency
72, Mill Lane, Redhill has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Nov 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Sold Prices
72, Mill Lane, Redhill last changed hands on 30th September 2021, selling for £275,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold 7 times since 1995.
The market for similar properties has dropped by 8.4% since September 2021.
- Sold Sep 2021£275,000
- Sold Feb 2018£255,000
- Sold Nov 2013£163,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 830 metres of 72, Mill Lane, Redhill across the last 2 years.
Most recently, 52, Mill Lane, Redhill, RH1 3HQ, a leasehold flat, sold at £260,000 on the 12th February 2025.
Read more about house prices in RH1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks 72, Mill Lane, Redhill as the 16th largest and the 29th most expensive of the 36 addresses on Mill Lane, Merstham, Redhill, RH1.
Against the RH1 postcode district average, it is £182k less expensive than the typical property.
More reading links
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
Merstham station is the nearest stop to 72, 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 medium risk of flooding.
