Please note: This is an estimate based on available data and market trends. This valuation is provided for informational purposes only and should not be considered as a professional valuation. BritishProperty.uk takes no responsibility for any inaccuracies, errors, or omissions in this estimate. Property values can vary significantly based on condition, improvements, market conditions, and other factors not reflected in this automated estimate. Mistakes can occur in data processing or calculations. For a professional valuation, you should consult a qualified surveyor or estate agent. This estimate is not intended to be used as the sole basis for any financial, legal, or property-related decisions.
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Property Characteristics
BANK COTTAGES OUTWOOD LANE is a terraced house in REDHILL, SURREY.
First sale date of 2022 suggests this property has been part of the RH1 4LR market for 3 years.
Transaction History
First recorded sale was in 2022 at £362,000, with 2 total transactions recorded over the property's history.
Latest sale occurred on 1 August 2024 for £425,000, representing a 17.4% increase from the previous sale in 2022.
Over 3 years of ownership history, this property has seen 2 ownership changes, averaging approximately 1.5 years between sales.
Since last selling in 2024, the property's estimated value has grown by approximately £21,992, representing a 3.69% annual growth rate over 1.4 years.
Market Position
Ranks below the postcode average, positioned in the 41th percentile (20 of 32 properties) in RH1 4LR.
Priced 20.6% below the RH1 4LR average of £535,023 for all property types.
Current estimated value ranges from £402,293 to £491,691, with a central estimate of £446,992 based on market growth trends.
Comparative Market Analysis
OUTWOOD LANE has 23 recorded properties with an average sale price of £593,013. This property is 28.3% below the street average.
Across all property types in RH1 4LR, 4 properties have sold over the past 12 months at an average of £554,750.
Sale History
| Date | Price | Change | Property Type |
|---|---|---|---|
| Today's estimated value* | £446,992 | 5.2% | - |
| 01/08/2024 | £425,000 | +17.4% | terraced house |
| 31/08/2022 | £362,000 | - | terraced house |
Price History
Market Statistics - RH1 4LR
Property Types
Similar Properties in RH1 4LR
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Data Source & License: Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0. For official property records and documentation, please visit HM Land Registry .