Average Price for property in London Road South, Merstham, Redhill, RH1 is around £484,811 which varies based on type of property you are interested in and ranges from £624,463 for detached house to around £448,486 for semi-detached. Similarly terraced house is around £546,774 and a flat is worth £233,341. Values have been changing and have risen £3,484 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £10,401 in last 6 months, £40,591 in last 1 year, £71,590 in last 2 years, £85,357 in last 3 years, £78,544 in last 4 years and £80,326 in last 5 years.
Currently average asking price of a property in London Road South, Merstham, Redhill, RH1 is around £384,303 based on approximately 5 properties for sale. Same is the case with rental options based on 116 properties up for rent, average asking rent is around £1,485 per month.
Estimated property value in London Road South, Merstham, Redhill, RH1 is £484,811. Average asking price is £384,303 while average price paid is £400,000 which is up by £40,591 and Avg. asking rent £1,485.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in London Road South, Merstham, Redhill, RH1 area. In last 1 year alone average price buyer paid is around £400,000 based on approximately 5 sales in London Road South, Merstham, Redhill, RH1 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £321,562. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £356,425 for 20 and average amount paid for purchase of approx. 25 properties sold in last 7 years comes to about £345,140 per sale.