School Hill, Merstham, Redhill, RH1

Street Guide For School Hill, Merstham, Redhill, RH1

 

School Hill, Merstham, Redhill, RH1 Map

Estimated Price: £388,152
Average Asking Price: £384,303
Price change in last one year: £31,284
Average Price Paid: £269,687
Average Rent Rates: £1,485

 

Property Prices Breakdown in School Hill, Merstham, Redhill, RH1

Average Price for property in School Hill, Merstham, Redhill, RH1 is around £388,152 which varies based on type of property you are interested in and ranges from £691,469 for detached house to around £479,607 for semi-detached. Similarly terraced house is around £315,943. Values have been changing and have risen £2,686 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,017 in last 6 months, £31,284 in last 1 year, £55,175 in last 2 years, £65,785 in last 3 years, £60,535 in last 4 years and £61,911 in last 5 years.

Currently average asking price of a property in School Hill, Merstham, Redhill, RH1 is around £384,303 based on approximately 1 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 School Hill, Merstham, Redhill, RH1 is £388,152. Average asking price is £384,303 while average price paid is £310,000 which is up by £31,284 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 School Hill, Merstham, Redhill, RH1 area. In last 1 year alone average price buyer paid is around £310,000 based on approximately 1 sales in School Hill, Merstham, Redhill, RH1 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £242,375. 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 £269,687 for 8 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £269,687 per sale.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £175,000, £300,496 for a 2 bedroom house, £375,568 for a 3 bedroom house, £549,599 for a 4 bedroom house and £809,588 for a 5 bedroom house. For a flat similarly the prices varies from £168,133 for a single bedroom to £233,411 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £272,000. To sum up the asking prices for properties in School Hill, Merstham, Redhill, RH1 it comes to around average £168,787 for 1 bedroom property, £257,806 for 2 bedroom, £366,937 for 3 bedroom, £549,599 for 4 bedroom and £809,588 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £973 for 1 bedroom to £1,056 for 2 bedrooms, £1,386 for 3 bedrooms, £2,147 for 4 bedrooms and £2,776 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £782. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,049, £2,301 for 3 bedroom and £1,352 for 4 bedroom. You should be generally be expecting around average £799 rent per month for single bedroom property, £1,050 for 2 bedroom, £1,440 for 3 bedroom, £2,094 for 4 bedroom and approximately £2,776 for a 5 bedroom property in School Hill, Merstham, Redhill, RH1 area.

Popular Houses in School Hill, Merstham, Redhill, RH1

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around School Hill, Merstham, Redhill, RH1