£490,000

Added on 29/09/2026
Offered to market chain free is this well-presented second floor apartment set in an enviable position on the award winning Watercolour development benefiting from allocated parking and a balcony.
Situated within the sought-after Watercolour development is this immaculately and tastefully presented apartment that offers modern living in a peaceful, well-connected setting.
This home is in band C, which costs £2,281 a year in Reigate and Banstead for 2026/27.
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. Check a home's band on GOV.UK.
Cheaper than 53% of the 1-bed flats for sale nearby right now.
Compared with 70 1-bed flats for sale within 2.7 miles, on the market now or already under offer. The range is the middle 80% of their asking prices. Sold prices are HM Land Registry sales in RH1 over the last 24 months, per square foot of EPC floor area. All sold £/sq ft in RH1 →
Canalside, Redhill, RH1
A £189,000 mortgage. Most lenders would want a household income of about £42,000 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.
HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.
| Address | Type | Sold | Size | Size | £/sq ft | Price |
|---|---|---|---|---|---|---|
| 176, Canalside Flat / maisonette | Flat / maisonette | Jul 2026 | 517 sq ft £401/sq ft | 517 sq ft | £401 | £207,000 |
| 196, Canalside Flat / maisonette | Flat / maisonette | Mar 2025 | 495 sq ft £454/sq ft | 495 sq ft | £454 | £225,000 |
| 230, Canalside Flat / maisonette | Flat / maisonette | Feb 2025 | 452 sq ft £509/sq ft | 452 sq ft | £509 | £230,000 |
| 240, Canalside Flat / maisonette | Flat / maisonette | Sept 2024 | 420 sq ft £500/sq ft | 420 sq ft | £500 | £210,000 |
| 238, Canalside Flat / maisonette | Flat / maisonette | Apr 2024 | 678 sq ft £420/sq ft | 678 sq ft | £420 | £285,000 |
| 220, Canalside Flat / maisonette | Flat / maisonette | Jan 2024 | 377 sq ft £624/sq ft | 377 sq ft | £624 | £235,000 |
| 244, Canalside Flat / maisonette | Flat / maisonette | Jul 2023 | 732 sq ft £418/sq ft | 732 sq ft | £418 | £306,000 |
| 194, Canalside Flat / maisonette | Flat / maisonette | Jul 2023 | 527 sq ft £442/sq ft | 527 sq ft | £442 | £233,000 |
The neighbourhood around this property.

7 other homes in Watercolour are on the market.