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Spencer Way, Redhill RH1 - Image 1
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Spencer Way, Redhill RH1

South East

£365,000
Listed on 21/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
731 sqft

Description

This three-bedroom mid-terrace house, situated in a sought-after residential neighbourhood of Redhill, presents a compelling investment opportunity. With its spacious layout and bright interiors, it caters well to first-time buyers, young families, or investors looking to add value through renovation. The ground floor includes a contemporary kitchen at the front and a living room that opens onto a private garden with appealing views over adjacent grazing land. Upstairs features two generously sized bedrooms alongside a smaller third bedroom that could serve as an office or nursery. A family bathroom completes this level. A noteworthy aspect of this property is the garage accompanied by an extra plot of land, hinting at significant potential for extension or additional off-road parking (subject to planning permission). The location also offers attractive options for outdoor activities with Earlswood Lakes and Redhill Memorial Park nearby, ensuring both convenience and leisure opportunities. Local amenities are easily accessible, including shops, schools, and transport links to Redhill town centre and surrounding areas via main roads and rail networks.

Investment Analysis

(RH1 area)

Above Market Value

This property is priced +9.1% above area average per sq ft

+9.1%
This Property
£499/sq ft
Area Average
£458/sq ft
Avg Rent (weekly)
£357
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£367,876
10% above area average per sq ft
Potential ROI
-9.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (RH1)

Area prices are stable by +1.6% over the last 12 months
3 year growth: +12.6%
5 year growth: +13.2%
Investment Disclaimer: Analysis based on RH1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Spencer Way, Redhill RH1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,316
Based on a loan of £273,750 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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