Flat 7, Cheltenham House
Flat 7, Cheltenham House
Description & Estimates
According to the public record, Flat 7, Cheltenham House, Redhill is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 766 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 Flat 7, Cheltenham House, Redhill is £289,879 and the estimated rental value is £1,525 per month.
The apartment is within Cheltenham House, Old School Close, Redhill, RH1.
Old School Close, Redhill, RH1 is located in the borough of Reigate and Banstead within the RH1 postal district.
Our Data Sources
Flat 7, Cheltenham House, Redhill has a single entry in the Land Registry from March 2012 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 2 out of 5 and is considered of medium 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 7, Cheltenham House, Redhill is in very good condition we estimate a sale value of £304,373 and a rental value of £1,601 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £269,588 and a rental value of £1,418 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 7, Cheltenham House, Redhill has moved down by £549 (0.2%), while its estimated rental value has increased by £77 per month (5.0%). Based on current estimates, the property offers a gross rental yield of 6.3%.
Sold Prices
According to HM Land Registry, Flat 7, Cheltenham House, Redhill was last sold on 22nd March 2012 for £192,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since March 2012, the market for similar properties has risen by 45.4%.
- Sold Mar 2012£192,000
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 7, Cheltenham House, Redhill within a radius of 470 metres over the last 2 years.
The most recent example is Flat 14, Burlescombe House 29, Burrage Road, Redhill, RH1 1TL, a leasehold flat which sold for £81,000 on the 30th August 2024.
Read more about house prices in RH1.
- Sold Aug 2024£81,000 | 2 Bed FlatBurlescombe House 29, Burrage RoadFlat 14, Burlescombe House 29, Burrage Road, Redhill, RH1 1TL
- Sold Jun 2022£265,000 | 2 Bed FlatBurlescombe House 29, Burrage RoadFlat 21, Burlescombe House 29, Burrage Road, Redhill, RH1 1TL
- Sold May 2022£272,500 | 2 Bed FlatBurlescombe House 29, Burrage RoadFlat 29, Burlescombe House 29, Burrage Road, Redhill, RH1 1TL
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Old School Close, Redhill, RH1 has a total of 39 addresses. According to our analysis of all the public data, Flat 7, Cheltenham House, Redhill is the 17th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £164k less expensive than the average property in RH1.
More reading links
Schools Nearby
- 700mSt Matthew's CofE Primary School
- 1.1kmLime Tree Primary School and Nursery
- 1.2kmSt Joseph's Catholic Primary School
- 500mCarrington School
- 900mSt Bede's School
- 1.8kmMerstham Park School
More reading links
Public Transport Nearby
The closest station to Flat 7, Cheltenham House, Redhill is Redhill station, which is 800 metres away.
- 800mRedhill
- 2.1kmMerstham
- 2.3kmEarlswood (Surrey)
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
