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Redhill House Prices Redhill House Prices

The average house price in Redhill is £458,761 using HM Land Registry data.

The average property price increased by £83,247 (21.68%) over the last 5 years and increased by £16,642 (3.69%) over the last 12 months.

Over the last year, there were 353 residential property sales – a decrease of 224 transactions (-63.46%) relative to the previous year. The majority of house sales (85) were in the £312,000 - £414,000 range. Then came properties in the £414,000 - £516,000 range, where 80 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 £-22,457 (-2%).

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

Neighbouring Areas: South Merstham, Reigate

Postcodes Covered: RH1, RH2

5-Year Average Property Prices in Redhill

21.68%

Property prices in Redhill increased by 21.68% 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 Redhill Over the Last Year

3.69%

Property prices in Redhill increased by 3.69% 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 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 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 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 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 Redhill since 1995

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

Recent Property Sales in Redhill

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
160 Prince Albert Square, Redhill, Surrey, RH1 5AP£450,000£450,000£0029 Aug 202316 Aug 2024353 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
22 Buckhurst Close, Redhill, Surrey, RH1 2AQ£390,000£370,000-£20,00020 Feb 202426 Jul 2024157 Days
27 Kings Avenue, Redhill, Surrey, RH1 6QH£580,000£560,000-£20,00023 Feb 202410 Jul 2024138 Days
12 Lyndale Road, Redhill, Surrey, RH1 2HA£480,000£467,500-£12,50021 Feb 202408 Jul 2024138 Days
11 Tollgate Avenue, Redhill, Surrey, RH1 5HR£450,000£450,000£0022 Jan 202427 Jun 2024157 Days
52 Fengates Road, Redhill, Surrey, RH1 6AH£950,000£945,100-£4,90003 Jun 202417 Jun 202414 Days
20 Chanctonbury Chase, Redhill, Surrey, RH1 4BB£850,000£825,000-£25,00029 Sep 202314 Jun 2024259 Days
20 Hurstleigh Drive, Redhill, Surrey, RH1 2AA£975,000£940,000-£35,00004 Oct 202314 Jun 2024254 Days
3 Woodlands Avenue, Redhill, Surrey, RH1 6EX£550,000£550,000£0027 Oct 202329 May 2024215 Days
27 Hooley Lane, Redhill, Surrey, RH1 6DQ£450,000£440,000-£10,00003 Feb 202414 May 2024101 Days
119 Wordsworth Mead, Redhill, Surrey, RH1 1AL£195,000£194,000-£1,00029 Nov 202330 Apr 2024153 Days
44 Greenwood Drive, Redhill, Surrey, RH1 5PJ£350,000£335,000-£15,00002 Feb 202423 Apr 202481 Days
111 Alpine Road, Redhill, Surrey, RH1 2LE£425,000£410,000-£15,00015 Sep 202319 Apr 2024217 Days
41 Goodwood Road, Redhill, Surrey, RH1 2HH£450,000£435,000-£15,00018 Jul 202315 Apr 2024272 Days
Flat 70, Bronte Court, St Annes Rise, Redhill, Surrey, RH1 1AN£240,000£237,000-£3,00003 Jan 202410 Apr 202498 Days
15 Talfourd Way, Redhill, Surrey, RH1 6GD£230,000£226,000-£4,00026 Dec 202308 Apr 2024104 Days
10 Lavender Close, Redhill, Surrey, RH1 5LP£500,000£485,000-£15,00012 Oct 202305 Apr 2024176 Days

Most Expensive Streets in Redhill

PostcodeStreetAreaAverageNo. of Sales
RH2 0LGWraylands DriveReigate£1,518,46113
RH1 6LYCronks Hill RoadRedhill£1,334,7005
RH1 4APHillfield RoadRedhill£1,034,4533
RH1 6SESomerset GardensRedhill£981,6663
RH2 0LWWindermere WayReigate£953,0004
RH1 6TBReed DriveRedhill£928,3333
RH2 0JJHitherwood CloseReigate£914,6878
RH1 2BYCarlton RoadRedhill£902,8336
RH1 2BXCarlton RoadRedhill£895,0009
RH1 6QAChurch RoadRedhill£894,0003

Least Expensive Streets in Redhill

PostcodeStreetAreaAverageNo. of Sales
RH1 1TBRedlin CourtLinkfield Lane£107,1666
RH1 2FGLower MeadRedhill£110,3333
RH1 2JNLondon RoadRedhill£127,93226
RH1 1DULinkfield LaneRedhill£144,95010
RH1 6GFTalfourd WayRedhill£148,6254
RH1 1DRChestnut MeadRedhill£166,0006
RH1 2JFParklandsLynwood Road£180,70010
RH1 2ASGatton Park RoadRedhill£182,5318
RH1 1TUParkham HouseReynolds Avenue£187,7229
RH1 6PDAtholl HouseGarlands Road£189,6005

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