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Company No. 11113204
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VAT No. GB 287 0845 68
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According to the public record, 3B, Park Road, Redhill is a mid-century leasehold apartment with 656 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 3B, Park Road, Redhill is £273,836 and the estimated rental value is £1,430 per month.
The apartment is within 3, Park Road, Redhill, RH1.
Park Road, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
3B, Park Road, Redhill has 2 entries in the Land Registry , most recently in September 2020 and a single entry in the EPC database dated November 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
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 3B, Park Road, Redhill is in very good condition we estimate a sale value of £287,527 and a rental value of £1,502 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £254,667 and a rental value of £1,330 per month.
Over the last 12 months the sale value of 3B Park Road Redhill has decreased by an estimated £518 (0.2%) and its rental value has increased by an estimated £72 per month (5.0%), giving an expected gross yield of 6.3%.
3B, Park Road, Redhill has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Nov 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 3B, Park Road, Redhill was last sold on 30th September 2020 for £277,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since September 2020, the market for similar properties has dropped 1.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3B, Park Road, Redhill within a radius of 470 metres over the last 2 years.
The most recent example is Flat 5, Rother House, North Street, Redhill, RH1 1EW, a leasehold flat which sold for £242,000 on the 17th February 2023.
Read more about house prices in RH1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Road, Redhill, RH1 has a total of 62 addresses. According to our analysis of all the public data, 3B, Park Road, Redhill is the 55th largest and the 56th most expensive property on the street.
When compared to the postcode district it is £180k less expensive than the average property in RH1.
The closest station to 3B, Park Road, Redhill is Redhill station which is 500 metres away.
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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 3B, Park Road, Redhill, 34.8% of property is privately rented and 28.5% is socially rented.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 3B, Park Road, Redhill, 21.7% of residents are recorded as possessing school level qualifications and 42.2% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 3B, Park Road, Redhill, the average age was 38.6 and the most common age was 37.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 3B, Park Road, Redhill, 0.3% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 3B, Park Road, Redhill, there are an average of 0.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.
