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Merstham market report RH1 2, Redhill
The RH1 2 (Merstham) house price history in full, 1995 to 2026, in cash and in today's money. Everything below comes from 4,736 sales recorded by HM Land Registry in RH1 2 (Redhill) since 1995, real completion prices from real purchases, alongside the ONS's current rent figures. No valuations, no estimates, no asking prices.
Sales data to 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh.
In short: the middle 2026 sale in RH1 2 (Redhill) came in at £440,000, out of 43 registered, up 16% on five years earlier, and the mean stands at £440,400, and by floor area homes here have averaged about £4,860 per square metre over the last five years. The record behind it is 4,736 completed sales lodged with HM Land Registry since 1995, monthly refreshed, with no valuations or asking prices anywhere in the figures.
A postcode sector like RH1 2 is a single group of streets within RH1 (Redhill), the finest slice the public record supports. Fewer sales stand behind each figure than at district level, so the lines jump about more.
Where RH1 2 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
Today's RH1 2 prices, from the sold record
43 sales were registered in RH1 2 in 2026, and the middle one of them, the median, went for £440,000. The mean works out at £440,400, nearly identical to it, meaning sales cluster closely around the typical figure.
Price per square metre in RH1 2
A square metre of RH1 2 home has cost about £4,860 on average across the last five years of sales, using the floor area on each home's Energy Performance Certificate: the measure that puts a studio and a five-bed on the same footing.
For scale: the England and Wales median is £285,000, so RH1 2 trades 54% above the country as a whole.
RH1 2's median sold price, 1995 to 2026
The median as recorded at the time, and each year restated in today's money (ONS CPIH), the sharper test of whether homes really got dearer. Hover for the year-by-year figures; click a legend entry to isolate a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £440,000 | £440,000 | 43 |
| 2025 | £433,800 | £444,173 | 110 |
| 2024 | £416,000 | £442,293 | 107 |
| 2023 | £433,500 | £476,311 | 101 |
| 2022 | £417,500 | £489,566 | 183 |
| 2021 | £380,000 | £481,129 | 190 |
| 2020 | £415,000 | £538,471 | 101 |
| 2019 | £362,500 | £475,151 | 168 |
| 2018 | £402,500 | £536,540 | 134 |
| 2017 | £342,500 | £467,136 | 136 |
| 2016 | £340,000 | £475,663 | 169 |
| 2015 | £302,000 | £426,726 | 152 |
| 2014 | £250,000 | £354,669 | 181 |
| 2013 | £242,500 | £348,933 | 161 |
| 2012 | £228,000 | £335,588 | 159 |
| 2011 | £222,500 | £335,889 | 148 |
| 2010 | £250,000 | £392,064 | 132 |
| 2009 | £215,000 | £345,614 | 143 |
| 2008 | £250,000 | £409,803 | 185 |
| 2007 | £250,000 | £424,070 | 248 |
| 2006 | £215,000 | £373,213 | 205 |
| 2005 | £213,000 | £379,054 | 164 |
| 2004 | £198,800 | £361,060 | 144 |
| 2003 | £180,000 | £331,604 | 135 |
| 2002 | £156,000 | £293,513 | 142 |
| 2001 | £142,000 | £272,988 | 141 |
| 2000 | £123,500 | £242,369 | 127 |
| 1999 | £112,000 | £223,210 | 166 |
| 1998 | £94,000 | £189,746 | 115 |
| 1997 | £78,000 | £159,962 | 131 |
| 1996 | £73,000 | £153,954 | 154 |
| 1995 | £80,000 | £173,908 | 161 |
In cash terms the typical RH1 2 home went from £80,000 in 1995 to £440,000 in 2026, roughly 6 times the price. Adjusted for inflation it still comes to a real rise of roughly 153%, so homes here got dearer in substance, not only in cash. Measured in today's money the market peaked in 2020; the current median sits about 18% below that. Someone who bought at the 2020 peak has not yet seen that price back in real terms.
Year-on-year change in the RH1 2 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2015 (+20.8% on the year before); the weakest, 2009 (−14.0%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
The long view: annualised growth
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | +1.4% | −0.9% |
| 5 years (since 2021) | +3.0% | −1.8% |
| 10 years (since 2016) | +2.6% | −0.8% |
| 20 years (since 2006) | +3.6% | +0.8% |
The table annualises median growth over each period, with the real column deflated by ONS CPIH. Smoothing hides the cycle (see the chart above for it), and none of this forecasts: it is the record.
Transaction volumes
How many homes change hands
Each bar is a year's recorded sales. 2008's dip is the financial crisis, and the newest bar always grows for a while as late registrations arrive.
RH1 2 recorded 43 sales in the last twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 163 sales a year before the financial crisis and 109 a year over the last five. Volume matters as much as price: when few homes change hands, the median gets jumpy and a single street can move the figure. The most recent year is always still filling in, because sales appear in the Land Registry weeks or months after completion.
What tenants pay around RH1 2
RH1 2 falls under Reigate and Banstead, where the ONS puts the average private rent at £1,636 a month (May 2026 figures). A one-bed averages £1,138 a month here and a four-or-more-bed £2,556, so size does most of the work in setting the rent.
Average monthly rent by size, Reigate and Banstead
ONS Price Index of Private Rents, May 2026.
£1,636 a month is £19,632 a year, which against the £440,000 median sold price makes a gross yield of 4.5%. Gross means before letting costs, voids, maintenance and tax: treat it as a ceiling. The ONS publishes rents by local authority, so neighbouring districts under the same authority share these numbers.
How RH1 2 trades
This is a thin market: 43 sales in the last twelve months of data. With that few transactions, one street selling well (or one block of cheap transfers) can move the median, so read the year lines as a range rather than a verdict.
Common questions on RH1 2 (Merstham)
How much did a house sell for in RH1 2 (Merstham)?
Are property prices falling in RH1 2 (Merstham)?
Is RH1 2 (Merstham) a good place to buy a house?
Will RH1 2 prices rise from here?
The record answers a different question than "what happens next": the median is up 16% over five years in cash but down 9% after inflation. Put the volume chart beside the price chart before drawing conclusions, and allow for the register's lag behind actual completions.
What is for sale in RH1 right now
The live side of the market holds 190 homes at the moment, listed by 9 agents publishing to HomesIndex.
These cover the whole RH1 district, not just RH1 2: live asking prices are collected per district.
17% of current listings sit under the prices comparable homes actually fetched. Every listing is measured against recent recorded sales of similar nearby homes.
"Under comparable sales" compares each asking price with what similar homes nearby actually sold for. It is a starting point for a conversation, not a valuation. Always look at the home itself.
See every RH1 home for sale on the map →
Live asking prices from estate agents who publish a feed to HomesIndex, refreshed every Monday and Thursday: a sample of the market, not every home for sale. Asking prices are not sale prices.
What another bedroom costs in RH
What homes of each size actually sold for across the RH area, from the Land Registry record. The jump between sizes is local: in some areas a third bedroom adds a quarter to the price, in others nearly four fifths, so a national rule of thumb will mislead you here.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | £450,000 | £610,000 (+36%) | £870,000 (+43%) | £1,237,500 (+42%) |
| Semi-detached | £325,000 | £405,000 (+25%) | £475,000 (+17%) | £606,500 (+28%) | £882,500 (+46%) |
| Terraced | £315,000 | £365,000 (+16%) | £410,000 (+12%) | £530,000 (+29%) | £720,000 (+36%) |
| Flat | £206,436 | £270,000 (+31%) | £395,000 (+46%) | £545,000 (+38%) | — |
Built from the last four years of recorded sales by form and bedroom count. Bedroom counts are estimated from EPC records (the register carries none), so expect a small number of homes one size adrift. Where too few homes exist to say anything meaningful, the cell is blank.
The risers and the fallers
The spread across the RH area is the point: the same five years treated these districts very differently.
RH area districts: five years of change
The biggest risers and fallers in cash terms; every row links to that district's report.
Other sectors in RH1
A few minutes' walk can separate two very different markets. Here are RH1's other sectors, each with its own report:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| RH1 1 | £265,000 | 23 |
| RH1 3 | £422,500 | 45 |
| RH1 4 | £502,500 | 38 |
| RH1 5 | £480,000 | 37 |
| RH1 6 | £420,000 | 87 |
Zoom out to the full RH1 district report for the type split, monthly volumes and how RH1 compares with its neighbours.
Selling a home in RH1 2? Price it on the evidence
Start from what homes here actually sold for, not an estimate. Before booking a house valuation or flat valuation in RH1 2, use the average prices map for a rough value: zoom from RH1 2's shading down to the sold homes on your own street. The figures above are every recorded RH1 2 sale; agents price with this same Land Registry record, and now you have it too.
Estate agents working RH1 2: the featured spot on this report is free for founding agents, one per district. Claim RH1 2.
Take it further
The AI answers from the same Land Registry data this report is built on, already scoped to RH1 2. Free after a one click sign in.
See every individual RH1 2 sale on the live map, mapped to the exact address, or zoom the average prices map from neighbourhood shading down to single homes. The report tool writes a custom answer to a specific question, and the mortgage and rent calculator on any sale runs the numbers on a real purchase.
Method, briefly: HM Land Registry Price Paid Data (Crown copyright, OGL v3.0) supplies every sale, geocoded to address level; CPIH from the ONS restates prices in today's money; ONS local-authority figures supply the rents. Medians of real sales, not valuations. No part of this page is financial advice.