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Merstham market report RH1 4, Redhill
The RH1 4 (Merstham) house price history in full, 1995 to 2026, in cash and in today's money. Underneath every chart here sit 3,597 registered sales in RH1 4 (Redhill) since 1995, the HM Land Registry record of what buyers really paid, with ONS figures covering rents. Nothing is a valuation, an estimate or an asking price.
Sales data to 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh.
In short: 38 registered 2026 sales put the RH1 4 (Redhill) median at £502,500, up 2% on five years earlier, with a mean of £570,100, and by floor area homes here have averaged about £5,140 per square metre over the last five years. Everything rests on 3,597 completed HM Land Registry sales since 1995, refreshed monthly; valuations and asking prices play no part.
RH1 4 is a postcode sector: one group of streets inside RH1 (Redhill). This is as local as the public record gets, but sector medians move on fewer sales than a district's, so expect the lines to be lumpier.
Where RH1 4 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.
What a home in RH1 4 sells for
38 sales were registered in RH1 4 in 2026, and the middle one of them, the median, went for £502,500. The mean works out at £570,100, a little above it, the familiar pattern where pricier homes stretch the average.
House prices per square metre in RH1 4
The last five years of sales put RH1 4 at roughly £5,140 per square metre. That figure, built from each sale's Energy Performance Certificate floor area, is the one that makes a small flat and a big house comparable.
Against a national (England and Wales) median of £285,000, RH1 4 runs 76% above it.
The price of a typical RH1 4 home, 1995 to 2026
The cash median beside its inflation-adjusted twin (ONS CPIH). The adjusted line answers the harder question, whether homes really got dearer. Hover for the figures; the legend toggles each series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £502,500 | £502,500 | 38 |
| 2025 | £527,500 | £540,114 | 86 |
| 2024 | £520,000 | £552,867 | 71 |
| 2023 | £512,500 | £563,112 | 83 |
| 2022 | £585,000 | £685,979 | 125 |
| 2021 | £495,000 | £626,734 | 149 |
| 2020 | £505,000 | £655,248 | 76 |
| 2019 | £476,500 | £624,577 | 97 |
| 2018 | £433,000 | £577,197 | 75 |
| 2017 | £458,500 | £625,348 | 76 |
| 2016 | £410,000 | £573,594 | 111 |
| 2015 | £366,500 | £517,865 | 92 |
| 2014 | £345,000 | £489,443 | 124 |
| 2013 | £322,400 | £463,901 | 116 |
| 2012 | £320,000 | £471,000 | 83 |
| 2011 | £302,500 | £456,659 | 81 |
| 2010 | £325,000 | £509,684 | 90 |
| 2009 | £268,800 | £432,098 | 78 |
| 2008 | £280,000 | £458,979 | 73 |
| 2007 | £250,000 | £424,070 | 169 |
| 2006 | £267,000 | £463,478 | 149 |
| 2005 | £244,200 | £434,578 | 124 |
| 2004 | £246,000 | £446,784 | 146 |
| 2003 | £229,000 | £421,874 | 129 |
| 2002 | £207,500 | £390,409 | 162 |
| 2001 | £159,000 | £305,669 | 145 |
| 2000 | £148,000 | £290,450 | 151 |
| 1999 | £144,500 | £287,981 | 161 |
| 1998 | £115,500 | £233,145 | 173 |
| 1997 | £95,000 | £194,826 | 142 |
| 1996 | £86,000 | £181,370 | 119 |
| 1995 | £85,500 | £185,864 | 103 |
In cash terms the typical RH1 4 home went from £85,500 in 1995 to £502,500 in 2026, roughly 6 times the price. Inflation explains only part of it: in today's money the rise is still about 170%, a genuine increase in what a home here costs. Measured in today's money the market peaked in 2022; the current median sits about 27% below that. Someone who bought at the 2022 peak has not yet seen that price back in real terms.
Year-on-year change in the RH1 4 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 2002 (+30.5% on the year before); the weakest, 2023 (−12.4%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Annualised returns
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −4.7% | −7.0% |
| 5 years (since 2021) | +0.3% | −4.3% |
| 10 years (since 2016) | +2.1% | −1.3% |
| 20 years (since 2006) | +3.2% | +0.4% |
Compound annual growth of the median sold price; the real column deflates by ONS CPIH. Annualised figures smooth the cycle (the chart above shows the cycle), and past growth is a record, not a forecast.
Transaction volumes
How many homes change hands
Recorded sales per year. The dip after 2008 is the financial crisis; the last bar is still filling in as recent sales get registered.
The register shows 38 RH1 4 sales across the most recent twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 147 sales a year before the financial crisis and 81 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.
Rents around RH1 4
For renting purposes RH1 4 sits in Tandridge. The ONS average private rent there is £1,622 a month (May 2026). A one-bed averages £1,147 a month here and a four-or-more-bed £2,803, so size does most of the work in setting the rent.
Average monthly rent by size, Tandridge
ONS Price Index of Private Rents, May 2026.
£1,622 a month is £19,464 a year, which against the £502,500 median sold price makes a gross yield of 3.9%. 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.
The shape of the RH1 4 market
Only 38 sales completed here in the last twelve months of data, which makes RH1 4 a thin market. Each figure rests on few transactions, so single streets can swing the median and the charts deserve a sceptical squint. The record here is jumpy: year-on-year moves of ten per cent or more are common in the chart above, mostly a function of which homes happened to sell rather than the market lurching. Against the RH1 district median, RH1 4 sits 14% higher, marking it as a dearer pocket of the district.
Common questions on RH1 4 (Merstham)
How much did a house sell for in RH1 4 (Merstham)?
Are property prices falling in RH1 4 (Merstham)?
Is RH1 4 (Merstham) a good place to buy a house?
Are RH1 4 prices heading up or down?
No honest page predicts prices, so this one sticks to the record: the median is roughly flat over five years in cash but down 20% after inflation. Anyone weighing a purchase should read the volume chart with the price chart, remembering that these are completed sales, registered weeks after the deals were actually struck.
On the market in RH1 today
This is what you could actually buy today: 190 homes currently on the market from 9 agents publishing to HomesIndex.
These cover the whole RH1 district, not just RH1 4: live asking prices are collected per district.
17% of what is on the market here is asking below what comparable homes actually sold for. Every listing is measured against recent recorded sales of similar nearby homes.
"Under comparable sales" means the asking price sits below what similar homes nearby actually fetched. Treat it as the start of a conversation, never a valuation, and always view the home.
See every RH1 home for sale on the map →
Refreshed every Monday and Thursday from agents' own feeds to HomesIndex, so a sample of the market rather than all of it. An asking price remains an ask, not a sale.
Bedroom by bedroom: RH prices by size
What homes of each size actually sold for across the RH area, from the Land Registry record. Size steps are fiercely local. A third bedroom adds a quarter to the price in some areas and close to four fifths in others, which is why no national rule of thumb survives contact with a real market.
| 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.
Five-year change in the median, RH area districts
The districts that gained and lost most in cash terms, each row linking through to its own 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 2 | £440,000 | 43 |
| RH1 3 | £422,500 | 45 |
| 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 in RH1 4? Start from the sold record
Start from what homes here actually sold for, not an estimate. Before booking a house valuation or flat valuation in RH1 4, use the average prices map for a rough value: zoom from RH1 4's shading down to the sold homes on your own street. The figures above are every recorded RH1 4 sale; agents price with this same Land Registry record, and now you have it too.
Local estate agents: one agent per district gets the featured spot on this report, free for founding agents. Claim RH1 4.
Go deeper
Answers come from the same Land Registry data behind this report, and the AI knows you are asking about RH1 4. Free, with a one click sign in.
See every individual RH1 4 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.
About the numbers: everything is computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to the address; today's-money figures use the ONS CPIH index, and rents are the ONS Price Index of Private Rents by local authority. These are medians of recorded sales, not valuations, and none of it is financial advice.