Auction

1/10

Auction

1/10

1 bed flat for sale Elm Road, Redhill, RH1

Guide price

£110,000

Reduced on 14/10/2026

For sale by auction

Type: Flat
Bedrooms: 1
Bathrooms: 1
Size: £207 per sq ft
Tenure: Ask agent

No ground rent (peppercorn)

* From the agent's description. Check it with them before you rely on it.

Key features

FOR SALE BY ONLINE AUCTION
6 WEEKS’ COMPLETION
961 year lease
No ground rent payable
Ground floor
Rail links to London and Gatwick Airport

About this property

An appealing opportunity to acquire a ground floor one bedroom apartment in a popular area of Redhill. The property offers one bedroom, bathroom and reception room, with a substantial 961 year lease and no ground rent, making it an attractive proposition for investors, first time buyers and owner occupiers.

Redhill offers excellent transport connectivity, with direct rail services providing convenient access to London and London Gatwick Airport, making the location particularly appealing to commuters and professionals. Redhill town centre also provides a good range of shops, restaurants and everyday amenities.

Floorplan

Council tax

Ask agent

Per year

Band A

£1,711
Band B

£1,996
Band C

£2,281
Band D

£2,567
Band E

£3,137
Band F

£3,707
Band G

£4,278
Band H

£5,133

The agent hasn't said which band this home is in; you can look it up on GOV.UK. In Reigate and Banstead, 2026/27 bills run from £1,711 a year in band A to £5,133 in band H.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Reigate and Banstead, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone.

Price guide

This home

£207 / sq ft

Area average (sold)

£467 / sq ft

Price per area, sold homes nearby

£347 / sq ft

£207 / sq ft

£601 / sq ft

Lowest

This home

Highest

£207 per sq ft, below almost all recent sales in RH1 (£347–£601, 10th–90th percentile, 1,202 sales over 24 months).

Lowest and highest are the 10th and 90th percentiles of 1,202 homes sold in RH1 over the last 24 months. This home's figure uses its asking price. All sold £/sq ft in RH1 →

Location

Elm Road, Redhill, RH1

Open map Street View

Mortgage and stamp duty

Property price £110,000

£55k £165k

Deposit10% £11,000

£0 £110k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £99,000 mortgage. Most lenders would want a household income of about £22,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
40, Waterslade Flat / maisonette	Flat / maisonette	Oct 2025	441 sq ft £499/sq ft	441 sq ft	£499	£220,000
1, Waterslade Flat / maisonette	Flat / maisonette	Mar 2025	570 sq ft £494/sq ft	570 sq ft	£494	£282,000
7, Waterslade Flat / maisonette	Flat / maisonette	Feb 2025	420 sq ft £524/sq ft	420 sq ft	£524	£220,000
43, Waterslade Flat / maisonette	Flat / maisonette	Sept 2024	646 sq ft £435/sq ft	646 sq ft	£435	£281,000
10, Waterslade Flat / maisonette	Flat / maisonette	Jun 2024	431 sq ft £425/sq ft	431 sq ft	£425	£183,000
33, Waterslade Flat / maisonette	Flat / maisonette	Mar 2024	527 sq ft £436/sq ft	527 sq ft	£436	£230,000
18, Waterslade Flat / maisonette	Flat / maisonette	Feb 2024	517 sq ft £445/sq ft	517 sq ft	£445	£230,000
6, Waterslade Flat / maisonette	Flat / maisonette	Nov 2022	657 sq ft £437/sq ft	657 sq ft	£437	£287,000