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Spencer Way, Redhill, RH1 5LF - Image 1
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Spencer Way, Redhill, RH1 5LF

South East

£365,000
Listed on 13/01/2026

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terrace property presents a promising opportunity for renovation in the sought-after area of Redhill. With a layout that includes a bright kitchen and a comfortable living room with direct access to a private garden, this home is ideal for first-time buyers, families, or investors looking to create value. The ground floor layout can be enhanced by modernizing the kitchen and living space while maintaining its functional flow. Upstairs, you will find two generous bedrooms alongside a third smaller bedroom, which could easily serve as an office or nursery. The family bathroom also has potential for updating. Notably, the attached garage and extra land provide excellent prospects for extension or additional parking (subject to planning permission), making this property even more appealing. The location offers a blend of urban convenience and outdoor recreation, being close to Earlswood Lakes and Redhill Memorial Park. With local amenities, schools, and transport links nearby, this property is ideally situated to maximize both lifestyle and investment potential.

Investment Analysis

(RH1 area)
Area Average
£456/sq ft
Avg Rent (weekly)
£344
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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
15%
Properties sold annually

Local Market Trend (RH1)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 12.2%
5 year growth: 13.4%
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 5LF
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,337
Based on a loan of £273,750 over 30 years at 4.19% 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.

Next Steps

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