Flat 3, Merlin House 12
Flat 3, Merlin House 12
Description & Estimates
According to the public record, Flat 3, Merlin House 12, Horley is a modern apartment with 936 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 3, Merlin House 12, Horley is £288,944 and the estimated rental value is £1,657 per month.
The apartment is within Merlin House, Hoadley Road, Horley, RH6.
Hoadley Road, Horley, RH6 is located in the borough of Reigate and Banstead within the RH6 postal district.
Our Data Sources
Flat 3, Merlin House 12, Horley has no records in the the Land Registry and a single entry in the EPC database dated March 2022.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 Flat 3, Merlin House 12, Horley is in very good condition we estimate a sale value of £303,391 and a rental value of £1,740 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £268,718 and a rental value of £1,541 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 3, Merlin House 12, Horley has moved down by £164 (0.1%), while its estimated rental value has increased by £113 per month (6.8%). Based on current estimates, the property offers a gross rental yield of 6.9%.
Energy Efficiency
Flat 3, Merlin House 12, Horley has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 01 Mar 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, Merlin House 12, Horley within a radius of 820 metres over the last 2 years.
The most recent example is 15A, Hoadley Road, Horley, RH6 8SW, a leasehold flat which sold for £342,064 on the 12th December 2023.
Read more about house prices in RH6.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Hoadley Road, Horley, RH6 has a total of 125 addresses. According to our analysis of all the public data, Flat 3, Merlin House 12, Horley is the 43rd largest and the 98th most expensive property on the street.
When compared to the postcode district it is £160k less expensive than the average property in RH6.
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Schools Nearby
- 600mWestvale Park Primary Academy
- 600mMeath Green Junior School
- 700mMeath Green Infant School
- 2.2kmOakwood School
- 4.2kmReigate School
- 6.1kmCarrington School
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Public Transport Nearby
The closest station to Flat 3, Merlin House 12, Horley is Salfords (Surrey) station, which is 1.8 kilometres away.
- 1.8kmSalfords (Surrey)
- 2.4kmHorley
- 3.6kmGatwick Airport
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
