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House Prices in RH1 House Prices in RH1 (Redhill)

The average house price in RH1 (Redhill) is £556,463 using HM Land Registry data.

The average property price increased by £72,818 (16.42%) over the last 5 years and increased by £14,590 (2.65%) over the last 12 months.

Over the last year, there were 423 residential property sales – a decrease of 323 transactions (-76.36%) relative to the previous year. The majority of house sales (102) were in the £328,000 - £436,000 range. Then came properties in the £436,000 - £544,000 range, where 90 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-21,158 (-3%).

In Oct 24, there were new estate agency instructions, agreed home sales and property price reductions.

Nearby Postcodes: BN13, BN14, BN18, BN44, BN5, BN6, BN8, CR3, CR5, CR6, CR8, GU28, GU6, GU8, KT20, RH10, RH11, RH12, RH13, RH14, RH15, RH16, RH17, RH18, RH19, RH2, RH20, RH3, RH5, RH6, RH7, RH8, RH9, SM5, SM7, TN22, TN7, TN8

5-Year Average Property Prices in RH1 (Redhill)

16.42%

Property prices in Redhill increased by 16.42% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in RH1 (Redhill) Over the Last Year

2.65%

Property prices in Redhill increased by 2.65% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for RH1 (Redhill) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in RH1 (Redhill)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in RH1 (Redhill)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in RH1 (Redhill)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the RH1 (Redhill) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the RH1 postcode area since 1995.

Recent Sales in RH1 (Redhill)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
22 Shrewsbury Road, Redhill, Surrey, RH1 6BH£500,000£490,000-£10,00031 Jan 202427 Aug 2024209 Days
30 Dundrey Crescent, Merstham, Redhill, Surrey, RH1 3NY£489,950£485,000-£4,95003 Apr 202416 Aug 2024135 Days
160 Prince Albert Square, Redhill, Surrey, RH1 5AP£450,000£450,000£0029 Aug 202316 Aug 2024353 Days
2a, Dunraven Avenue, Redhill, Surrey, RH1 5JW£250,000£240,000-£10,00029 Feb 202414 Aug 2024167 Days
58 Willow Road, Redhill, Surrey, RH1 6LW£307,500£307,500£0018 Dec 202313 Aug 2024239 Days
78 Alpine Road, Redhill, Surrey, RH1 2LF£525,000£510,000-£15,00011 May 202413 Aug 202494 Days
9 Osborne Road, Redhill, Surrey, RH1 2HX£425,000£425,000£0023 Apr 202413 Aug 2024112 Days
35b, Hatchlands Road, Redhill, Surrey, RH1 6AB£370,000£360,000-£10,00016 Oct 202301 Aug 2024290 Days
22 Buckhurst Close, Redhill, Surrey, RH1 2AQ£390,000£370,000-£20,00020 Feb 202426 Jul 2024157 Days
60 Orpin Road, Merstham, Redhill, Surrey, RH1 3EY£610,000£595,000-£15,00005 Oct 202326 Jul 2024295 Days
27 Kings Avenue, Redhill, Surrey, RH1 6QH£580,000£560,000-£20,00023 Feb 202410 Jul 2024138 Days
Crooked Acre, Rabies Heath Road, Bletchingley, Redhill, Surrey, RH1 4LZ£1,000,000£1,000,000£0027 Nov 202310 Jul 2024226 Days
12 Lyndale Road, Redhill, Surrey, RH1 2HA£480,000£467,500-£12,50021 Feb 202408 Jul 2024138 Days
101 Malmstone Avenue, Merstham, Redhill, Surrey, RH1 3JH£500,000£490,000-£10,00004 Mar 202428 Jun 2024116 Days
11 Tollgate Avenue, Redhill, Surrey, RH1 5HR£450,000£450,000£0022 Jan 202427 Jun 2024157 Days
7 Dundrey Crescent, Merstham, Redhill, Surrey, RH1 3NY£235,000£232,000-£3,00016 Jan 202420 Jun 2024156 Days
4 Chesterton Drive, Merstham, Redhill, Surrey, RH1 3NZ£425,000£222,780-£202,22013 Jul 202118 Jun 20241071 Days
10 Deans Road, Merstham, Redhill, Surrey, RH1 3HE£550,000£550,000£0013 Mar 202417 Jun 202496 Days
52 Fengates Road, Redhill, Surrey, RH1 6AH£950,000£945,100-£4,90003 Jun 202417 Jun 202414 Days
1 Sutton Gardens, Merstham, Redhill, Surrey, RH1 3QD£385,000£385,000£0027 Jan 202414 Jun 2024139 Days

Most Expensive Streets in RH1 (Redhill)

PostcodeStreetAreaAverageNo. of Sales
RH1 6LYCronks Hill RoadRedhill£1,334,7005
RH1 3BZRockshaw Road, MersthamRedhill£1,322,5004
RH1 5QBMillers Lane, OutwoodRedhill£1,228,1254
RH1 3ADShepherds Hill, MersthamRedhill£1,166,6663
RH1 6BEBlackstone HillRedhill£1,120,0003
RH1 3DBRockshaw Road, MersthamRedhill£1,116,6663
RH1 3DUSouth Close Green, MersthamRedhill£1,070,6254
RH1 3BLChurch Hill, MersthamRedhill£1,043,7504
RH1 4APHillfield RoadRedhill£1,034,4533
RH1 3BJChurch Hill, MersthamRedhill£1,031,6663

Least Expensive Streets in RH1 (Redhill)

PostcodeStreetAreaAverageNo. of Sales
RH1 1TBRedlin Court, Linkfield LaneRedhill£107,1666
RH1 2FGLower MeadRedhill£110,3333
RH1 2JNLondon RoadRedhill£127,93226
RH1 3FSFieldoaks Way, MersthamRedhill£132,68111
RH1 1DULinkfield LaneRedhill£144,95010
RH1 2NXThe KilnsRedhill£147,3059
RH1 6GFTalfourd WayRedhill£148,6254
RH1 1DRChestnut MeadRedhill£166,0006
RH1 2JFParklands, Lynwood RoadRedhill£180,70010
RH1 2ASGatton Park RoadRedhill£182,5318

Explore RH1 (Redhill) using map

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