Local market reports › RH area › RH1
Merstham market report RH1, Redhill
The standing RH1 (Merstham) property market report, rebuilt from the full public record every month. The raw material for this page is 29,906 HM Land Registry entries for RH1 (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.
Sales recorded to July 2026; rents are ONS figures for May 2026. The page rebuilds with each monthly release.
In short: the typical home in RH1 (Redhill) sold for £440,000 in 2026, the median of 273 registered sales, up 12% on five years earlier. The mean was £463,700, and by floor area homes here have averaged about £4,960 per square metre over the last five years. The figures cover 29,906 sales recorded by HM Land Registry since 1995 and refresh with each monthly release: completed sale prices, not valuations or asking prices.
RH1 is a postcode district covering Redhill, Merstham, Earlswood in Redhill. It is the most useful size for market figures: tight enough to describe somewhere real, large enough that sales keep coming and the medians hold steady.
Where RH1 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 RH1 homes really sell for
The RH1 median stands at £440,000 for 2026, built from 273 registered sales; the mean, the figure usually quoted as the "average house price", is £463,700, somewhat above it, as happens wherever a market carries an expensive tail.
What a square metre costs in RH1
Averaged across five years of sales, floor space in RH1 costs about £4,960 per square metre. Each sale's Energy Performance Certificate supplies the floor area, and pricing by the metre is what lets flats and houses share one scale.
Against a national (England and Wales) median of £285,000, RH1 runs 54% above it.
RH1'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 | £440,000 | £440,000 | 273 |
| 2025 | £430,000 | £440,283 | 705 |
| 2024 | £440,000 | £467,810 | 599 |
| 2023 | £420,000 | £461,477 | 629 |
| 2022 | £415,000 | £486,635 | 952 |
| 2021 | £393,500 | £498,222 | 1,191 |
| 2020 | £385,000 | £499,545 | 664 |
| 2019 | £356,500 | £467,286 | 766 |
| 2018 | £360,000 | £479,887 | 705 |
| 2017 | £345,000 | £470,545 | 763 |
| 2016 | £340,000 | £475,663 | 940 |
| 2015 | £300,000 | £423,900 | 1,009 |
| 2014 | £269,800 | £382,758 | 984 |
| 2013 | £236,200 | £339,868 | 954 |
| 2012 | £234,500 | £345,155 | 752 |
| 2011 | £226,500 | £341,928 | 754 |
| 2010 | £242,000 | £379,518 | 740 |
| 2009 | £210,000 | £337,577 | 752 |
| 2008 | £235,000 | £385,215 | 828 |
| 2007 | £237,000 | £402,018 | 1,397 |
| 2006 | £215,000 | £373,213 | 1,325 |
| 2005 | £205,000 | £364,817 | 1,081 |
| 2004 | £198,000 | £359,607 | 1,114 |
| 2003 | £183,500 | £338,051 | 1,081 |
| 2002 | £160,000 | £301,039 | 1,236 |
| 2001 | £138,000 | £265,298 | 1,223 |
| 2000 | £127,500 | £250,219 | 1,167 |
| 1999 | £102,500 | £204,277 | 1,220 |
| 1998 | £92,000 | £185,709 | 1,101 |
| 1997 | £77,000 | £157,911 | 1,128 |
| 1996 | £70,000 | £147,627 | 990 |
| 1995 | £70,900 | £154,126 | 883 |
In cash terms the typical RH1 home went from £70,900 in 1995 to £440,000 in 2026, roughly 6 times the price. Even after inflation that is a real rise of about 185%: homes here genuinely became dearer, not merely more expensive on paper. In inflation-adjusted terms the high-water mark was 2020. The market now sits about 12% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the RH1 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 2000 (+24.4% on the year before); the weakest, 2009 (−10.6%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Detached, semi, terraced, flat: four markets in one
A single median hides the split beneath it. Sales of flats dominate the record here, 34% of the typed total. A detached home currently trades at £670,000 against £244,600 for a flat, 2.7 times the price.
Median by property type, RH1
One line per type, years with too few sales omitted. Hover for the year's figures; click a legend entry to isolate a type.
| Type | Median (2026) | Sales that year | All-time sales |
|---|---|---|---|
| Detached | £670,000 | 43 | 4,838 |
| Semi-detached | £495,000 | 79 | 8,517 |
| Terraced | £435,000 | 71 | 6,524 |
| Flats | £244,600 | 80 | 10,027 |
The long view: annualised growth
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | +2.3% | −0.1% |
| 5 years (since 2021) | +2.3% | −2.5% |
| 10 years (since 2016) | +2.6% | −0.8% |
| 20 years (since 2006) | +3.6% | +0.8% |
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.
How many homes change hands in RH1
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.
Month by month, five years back
Sales as they reached the register each month. Expect the seasonal sawtooth, and discount the newest months while late entries land.
RH1 recorded 569 sales in the last twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 1,203 sales a year before the financial crisis and 632 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.
The rental side of RH1
For renting purposes RH1 sits in Reigate and Banstead. The ONS average private rent there is £1,636 a month (May 2026). Size sets most of the rent: one-beds average £1,138 a month here against £2,556 for four or more bedrooms.
Average monthly rent by size, Reigate and Banstead
ONS Price Index of Private Rents, May 2026.
Against the £440,000 median purchase price, a rent of £1,636 a month (£19,632 a year) works out at a 4.5% gross yield, a ceiling figure that ignores letting costs, voids, maintenance and tax. Because rents are local-authority statistics, districts sharing the authority share the figure.
Asked and answered: RH1 (Merstham)
Are property prices falling in RH1 (Merstham)?
Is RH1 (Merstham) a good place to buy a house?
How much did a house sell for in RH1 (Merstham)?
Are RH1 prices heading up or down?
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.
RH1's current homes for sale
Everything above is what homes in RH1 sold for. The live side of the market holds 190 homes at the moment, listed by 9 agents publishing to HomesIndex, at a typical asking price 6% below the RH1 median sold price.
17% of current listings sit under the prices comparable homes actually fetched. The comparison behind each listing uses recent recorded sales of similar homes close by.
The "under comparable sales" label measures each asking price against real nearby sales of similar homes: an opening position for a conversation rather than a valuation. The home itself still needs looking at.
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.
What another bedroom costs in RH
The Land Registry record, split by size: what each kind of home actually sold for across the RH area. How much a size step costs is a local fact: the third-bedroom premium runs from about a quarter to nearly four fifths depending on the area, and national rules of thumb miss it.
| 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%) | — |
Four years of recorded sales, split by built form and bedroom count. The register does not state bedrooms, so sizes come from each home's EPC record and a few homes will land one size out. Where too few homes exist to say anything meaningful, the cell is blank.
The risers and the fallers
RH1 ranks 4 of 20 in the RH area on five-year growth. The gap between the top and bottom of this chart is the difference between buying well and buying badly in the same city.
Winners and losers across the RH area, five years
The districts that gained and lost most in cash terms, each row linking through to its own report.
Inside RH1, sector by sector
The next slice down is the postcode sector: a group of streets, each with its own report. Two sectors a short walk apart can trade at sharply different prices.
| 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 5 | £480,000 | 37 |
| RH1 6 | £420,000 | 87 |
How RH1 compares nearby
Same city, different markets. The neighbouring districts of the RH area, dearest first:
| District | Median | 5-year |
|---|---|---|
| RH8 | £597,500 | +9% |
| RH17 | £585,000 | +3% |
| RH3 | £577,500 | -4% |
| RH7 | £570,000 | +16% |
| RH2 | £550,000 | +10% |
| RH5 | £550,000 | -2% |
| RH18 | £515,000 | -3% |
| RH20 | £500,000 | +1% |
| RH4 | £450,000 | +6% |
| RH1 (this report) | £440,000 | +12% |
| RH9 | £437,500 | +4% |
| RH6 | £430,000 | +1% |
| RH14 | £430,000 | -6% |
| RH13 | £425,000 | -4% |
| RH15 | £415,000 | +14% |
| RH19 | £414,500 | +6% |
| RH16 | £412,000 | +4% |
| RH12 | £404,500 | +4% |
| RH10 | £400,000 | +13% |
| RH11 | £325,000 | +8% |
Thinking of selling in RH1? Get a rough value first
Start from what homes here actually sold for, not an estimate. Before booking a house valuation or flat valuation in RH1, use the average prices map for a rough value: zoom from RH1's shading down to the sold homes on your own street. The figures above are every recorded RH1 sale; agents price with this same Land Registry record, and now you have it too.
Estate agents working RH1: the featured spot on this report is free for founding agents, one per district. Claim RH1.
Take it further
Answers come from the same Land Registry data behind this report, and the AI knows you are asking about RH1. Free, with a one click sign in.
See every individual RH1 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.
How this page is made: the statistics are computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to address level; inflation adjustment uses the ONS CPIH index; rents are the ONS Price Index of Private Rents at local-authority level. Medians of recorded sales, not valuations. Nothing on this page is financial advice.