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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 12/01/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This three-bedroom mid-terrace property presents a solid opportunity for renovation in a sought-after residential area of Redhill. The home boasts an abundance of natural light and well-arranged living spaces, making it an attractive option for first-time buyers, families, or savvy investors looking to add value. The ground floor features a modern kitchen at the front and a spacious living room at the rear, which grants access to a private garden with picturesque views over adjacent grazing land. Upstairs, there are two generously sized bedrooms alongside a smaller third room that could serve as a nursery, home office, or guest space, all serviced by a family bathroom. A noteworthy aspect is the garage coupled with an adjoining plot of land; this offers significant potential for expansion—either by extending the garage or creating additional off-road parking (subject to planning permission). Nestled in an area that balances convenience with outdoor leisure, the property is just over 1.5 miles from Earlswood Lakes and under 3 miles from Redhill Memorial Park, both ideal for recreational activities. It's conveniently located near local amenities and has excellent public transport options, providing easy access to Redhill town centre and mainline connections to London as well as good road links to the M25.

Investment Analysis

(RH1 area)
Area Average
£454/sq ft
Avg Rent (weekly)
£366
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
51
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (RH1)

Area prices are rising by +4.8% over the last 12 months
3 year growth: +14.0%
5 year growth: +11.8%
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 4.06%

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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