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Merstham market report RH1 5, Redhill
The RH1 5 (Merstham) house price history in full, 1995 to 2026, in cash and in today's money. The raw material for this page is 4,130 HM Land Registry entries for RH1 5 (Redhill), going back to 1995: each an actual purchase at an actual price. Rents come from the ONS. Valuations, estimates and asking prices appear nowhere in it.
Covers registered sales to 2026 and ONS rents for May 2026. Refreshed monthly as new sales reach the register.
In short: the middle 2026 sale in RH1 5 (Redhill) came in at £480,000, out of 37 registered, up 12% on five years earlier, and the mean stands at £536,900, and by floor area homes here have averaged about £5,120 per square metre over the last five years. The record behind it is 4,130 completed sales lodged with HM Land Registry since 1995, monthly refreshed, with no valuations or asking prices anywhere in the figures.
RH1 5 is one sector of RH1 (Redhill): a handful of streets, and the most local view the sold record can give. The price of that locality is lumpier charts, because each year's median rests on fewer sales.
Where RH1 5 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 5 prices, from the sold record
Across 37 registered 2026 sales, the typical (median) RH1 5 home went for £480,000. The mean is £536,900, modestly above it, the usual shape of a market with an expensive tail.
Price per square metre in RH1 5
The last five years of sales put RH1 5 at roughly £5,120 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 5 runs 68% above it.
RH1 5's median sold price, 1995 to 2026
Two lines: the median in the money of its day, and the same years restated by ONS CPIH into today's money, which is the truer test of getting dearer. Hover for exact figures; click a legend entry to isolate a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £480,000 | £480,000 | 37 |
| 2025 | £495,000 | £506,837 | 105 |
| 2024 | £507,500 | £539,577 | 92 |
| 2023 | £460,000 | £505,428 | 88 |
| 2022 | £447,000 | £524,159 | 125 |
| 2021 | £428,500 | £542,536 | 167 |
| 2020 | £411,200 | £533,540 | 88 |
| 2019 | £395,000 | £517,750 | 107 |
| 2018 | £386,000 | £514,545 | 113 |
| 2017 | £360,000 | £491,004 | 118 |
| 2016 | £365,000 | £510,639 | 118 |
| 2015 | £325,000 | £459,225 | 154 |
| 2014 | £323,000 | £458,232 | 109 |
| 2013 | £250,000 | £359,725 | 131 |
| 2012 | £245,000 | £360,609 | 106 |
| 2011 | £250,000 | £377,404 | 93 |
| 2010 | £240,000 | £376,382 | 88 |
| 2009 | £249,400 | £400,913 | 78 |
| 2008 | £235,000 | £385,215 | 89 |
| 2007 | £250,000 | £424,070 | 158 |
| 2006 | £221,500 | £384,496 | 187 |
| 2005 | £200,000 | £355,919 | 122 |
| 2004 | £215,000 | £390,482 | 183 |
| 2003 | £196,000 | £361,080 | 171 |
| 2002 | £165,000 | £310,446 | 170 |
| 2001 | £130,100 | £250,111 | 184 |
| 2000 | £130,000 | £255,125 | 160 |
| 1999 | £108,400 | £216,036 | 196 |
| 1998 | £99,500 | £200,848 | 168 |
| 1997 | £82,800 | £169,806 | 162 |
| 1996 | £71,800 | £151,423 | 140 |
| 1995 | £73,500 | £159,778 | 123 |
In cash terms the typical RH1 5 home went from £73,500 in 1995 to £480,000 in 2026, roughly 7 times the price. Inflation explains only part of it: in today's money the rise is still about 200%, a genuine increase in what a home here costs. The real-terms peak came in 2021, and today's median remains roughly 12% under it: a 2021 buyer is still waiting to get that price back in today's money.
Year-on-year change in the RH1 5 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 2014 (+29.2% on the year before); the weakest, 2005 (−7.0%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Growth per year, over one to twenty years
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −3.0% | −5.3% |
| 5 years (since 2021) | +2.3% | −2.4% |
| 10 years (since 2016) | +2.8% | −0.6% |
| 20 years (since 2006) | +3.9% | +1.1% |
Each row is compound annual growth of the median; ONS CPIH supplies the real-terms deflator. Annualising irons out the cycle, which the chart above shows in full, and past growth records what happened rather than predicting anything.
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.
Over the last twelve months of data, 37 sales completed in RH1 5. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 167 sales a year before the financial crisis and 89 a year over the last five. Watch the volume as closely as the price. Thin years make jumpy medians, where one street's sales can move the figure, and the newest year is always incomplete because registrations trail completions by weeks or months.
Reading the RH1 5 market
This is a thin market: 37 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. Within RH1, this sector trades 9% above the district median: one of the dearer corners of its district.
What homes rent for around RH1 5
The local authority for RH1 5 is Reigate and Banstead, and its ONS average private rent currently stands 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 £480,000 median sold price makes a gross yield of 4.1%. 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.
Common questions on RH1 5 (Merstham)
How much did a house sell for in RH1 5 (Merstham)?
Are property prices falling in RH1 5 (Merstham)?
Is RH1 5 (Merstham) a good place to buy a house?
What happens to RH1 5 prices now?
That question has no honest answer, only evidence. The evidence: the median is up 12% over five years in cash but down 12% after inflation. Weigh the volume chart alongside the price one before deciding anything, and bear in mind every figure is a completed sale that reached the register weeks after completion.
What is for sale in RH1 right now
Turning to what is actually available: 190 homes on the market right now, from 9 agents publishing to HomesIndex.
These cover the whole RH1 district, not just RH1 5: live asking prices are collected per district.
17% of what is on the market here is asking below what comparable homes actually sold for. Each listing is compared with recent recorded sales of similar homes nearby.
"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.
Moving up a bedroom in RH: the cost
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
Cash-terms risers and fallers across the area; click any row for that district's full report.
Other sectors in RH1
Prices can differ sharply between two sectors a few minutes' walk apart. The rest of RH1, each linking to 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 4 | £502,500 | 38 |
| 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.
Before you sell in RH1 5: what the record supports
Start from what homes here actually sold for, not an estimate. Before booking a house valuation or flat valuation in RH1 5, use the average prices map for a rough value: zoom from RH1 5's shading down to the sold homes on your own street. The figures above are every recorded RH1 5 sale; agents price with this same Land Registry record, and now you have it too.
Estate agents working RH1 5: the featured spot on this report is free for founding agents, one per district. Claim RH1 5.
Take it further
The AI answers from the same Land Registry data this report is built on, already scoped to RH1 5. Free after a one click sign in.
Two maps carry on from here: every RH1 5 sale at its exact address, and the average prices map from area shading down to single homes. The report tool answers a specific question in writing, and each sale's mortgage and rent calculator prices 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.