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Redhill House Prices Redhill House Prices

The average house price in Redhill is £386,944 using HM Land Registry data.

The average property price increased by £87,168 (22.97%) over the last 5 years and increased by £17,421 (3.88%) over the last 12 months.

Over the last year, there were 338 residential property sales – a decrease of 269 transactions (-79.59%) relative to the previous year. The majority of house sales (83) were in the £400,000 - £500,000 range. Then came properties in the £300,000 - £400,000 range, where 75 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 71 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-22,457 (-2%).

In April 2024, there were 91 new estate agency instructions, 37 agreed home sales and 36 property price reductions.

Neighbouring Areas: South Merstham, Reigate

Postcodes Covered: RH1, RH2

5-Year Average Property Prices in Redhill

22.97%

Property prices in Redhill increased by 22.97% 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

3.88%

Property prices in Redhill increased by 3.88% 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 - April 2024

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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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
101 Keats Avenue, Redhill, Surrey, RH1 1AF£375,000£363,000-£12,00021 Nov 202319 Jan 202459 Days
38 Greenwood Drive, Redhill, Surrey, RH1 5PJ£380,000£365,000-£15,00003 Mar 202319 Jan 2024322 Days
173 Wordsworth Mead, Redhill, Surrey, RH1 1AL£265,000£255,000-£10,00008 Sep 202312 Jan 2024126 Days
19 Hillford Place, Redhill, Surrey, RH1 5AT£695,000£675,000-£20,00020 Jul 202318 Dec 2023151 Days
18 Oaklands Drive, Redhill, Surrey, RH1 6RN£350,000£320,000-£30,00025 May 202318 Dec 2023207 Days
25 Sparrows Mead, Redhill, Surrey, RH1 2EJ£435,000£427,000-£8,00029 Jun 202318 Dec 2023172 Days
Flat 13, Atholl House, Garlands Road, Redhill, Surrey, RH1 6PD£190,000£187,500-£2,50007 Apr 202315 Dec 2023252 Days
91 Prince Albert Square, Redhill, Surrey, RH1 5AR£350,000£348,000-£2,00012 Jun 202315 Dec 2023186 Days
8 Anderson Court, Redhill, Surrey, RH1 6TP£325,000£312,500-£12,50017 Aug 202315 Dec 2023120 Days
52 Oakwood Close, Redhill, Surrey, RH1 4BD£625,000£625,000£0015 Sep 202315 Dec 202391 Days
82 Earlswood Road, Redhill, Surrey, RH1 6HW£375,000£355,000-£20,00022 Aug 202308 Dec 2023108 Days
67 Redstone Hill, Redhill, Surrey, RH1 4BG£625,000£625,000£0030 Jun 202329 Nov 2023152 Days
17 Alpine Road, Redhill, Surrey, RH1 2HY£350,000£347,000-£3,00028 Jul 202324 Nov 2023119 Days
51 Althorne Road, Redhill, Surrey, RH1 6EF£450,000£450,000£0026 Apr 202315 Nov 2023203 Days
58 Masons Bridge Road, Redhill, Surrey, RH1 5LE£360,000£340,000-£20,00016 Dec 202203 Nov 2023322 Days
99 Garlands Road, Redhill, Surrey, RH1 6NY£380,000£367,500-£12,50022 May 202303 Nov 2023165 Days
25 Garibaldi Road, Redhill, Surrey, RH1 6PB£335,000£320,000-£15,00027 Jun 202301 Nov 2023127 Days
Holmbury, Church Road, Redhill, Surrey, RH1 6QA£1,125,000£1,110,000-£15,00014 Jun 202301 Nov 2023140 Days
120 Monson Road, Redhill, Surrey, RH1 2EY£400,000£390,000-£10,00011 Jul 202330 Oct 2023111 Days
27 Keats Avenue, Redhill, Surrey, RH1 1AF£375,000£360,000-£15,00027 Jun 202327 Oct 2023122 Days

Most Expensive Streets in Redhill

PostcodeStreetAreaAverageNo. of Sales
RH2 0LGWraylands DriveReigate£1,476,92313
RH1 6LYCronks Hill RoadRedhill£1,334,7005
RH1 4APHillfield RoadRedhill£1,034,4533
RH1 6SESomerset GardensRedhill£981,6663
RH2 0LWWindermere WayReigate£953,0004
RH1 2DJDaneshill CloseRedhill£943,3333
RH1 6TBReed DriveRedhill£928,3333
RH1 6NAWarenne HeightsRedhill£928,3333
RH1 2BYCarlton RoadRedhill£902,8336
RH2 0JJHitherwood CloseReigate£901,9449

Least Expensive Streets in Redhill

PostcodeStreetAreaAverageNo. of Sales
RH1 1TBRedlin CourtLinkfield Lane£107,1666
RH1 2FGLower MeadRedhill£110,3333
RH1 2JNLondon RoadRedhill£132,19427
RH1 1DULinkfield LaneRedhill£144,95010
RH1 6GFTalfourd WayRedhill£148,6254
RH1 1DRChestnut MeadRedhill£166,8577
RH1 1TXQueenswayRedhill£167,5505
RH1 2JFParklandsLynwood Road£180,4449
RH1 1JXLadbroke RoadRedhill£182,5005
RH1 2ASGatton Park RoadRedhill£182,5318

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