For sale Flat

Flat 40

PICTURE HOUSE, 1, MARKETFIELD WAY, REDHILL, SURREY RH1 1UF

2 beds 2 baths 73 m² Listed 25 Feb 2026 (-110d)

£350,000

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Front Shot Kitchen Lounge/Diner Kitchen Lounge/Diner Kitchen Lounge/Diner Kitchen Lounge/Diner Kitchen Lounge/Diner Balcony / Terrace Hallway Bedroom 1 Internal Lifestyle Photograph En-Suite Shower Room Bedroom 2 Bathroom

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Property details

Tenure

LEASEHOLD

Floor area

73 m²

Council tax band

D

Last sold

£365,000 Oct 2020

Local average

£248,370 (+40.9%)

Street crime

209 incidents within 1 mile (Apr 2026)

Key features

  • Modern apartment located in the heart of the town centre
  • Tastefully decorated throughout
  • Fitted kitchen with integrated appliances
  • Private balcony accessed directly from the living area
  • Ample storage space throughout the property
  • Just a stone's throw from the high street, town centre and local amenities
  • Allocated parking included for added convenience

Additional details

Parking
Allocated

Description

This stylish third-floor apartment offers modern living in an unbeatable town-centre location, just a stone's throw from Redhill high street, the train station and a fantastic selection of brand-new restaurants, including a popular new Turkish spot that's already become a local favourite. With trains reaching London in just over 30 minutes, it's an ideal choice for commuters seeking both convenience and comfort. Beautifully decorated throughout, the property features an inviting open-plan lounge, dining area and fitted kitchen with integrated appliances, creating a bright and contemporary living space. From the living area, sliding doors open onto a private balcony, offering pleasant elevated views from the front of the building. The double bedroom includes mirrored fitted wardrobes and a modern en-suite shower room, while additional storage throughout the apartment adds to its practicality. The block itself is known for its friendly community feel, with residents regularly organising in-house activities and staying connected via a dedicated WhatsApp group. Allocated parking is included and is particularly ideal for this central location, with further on-street parking available nearby.A superb opportunity to secure a modern, well-presented home in one of Redhill's most convenient and vibrant positions.Room sizes:Entrance HallLounge/Diner/Kitchen: 25'2 x 10'5 (7.68m x 3.18m)BalconyBedroom 1: 13'3 x 10'0 (4.04m x 3.05m)En Suite Shower RoomBedroom 2: 18'7 x 8'7 (5.67m x 2.62m)BathroomAllocated Parking 
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
 
If buying to rent, please check if Local Authority licensing schemes apply before proceeding. Legal advice should be taken to verify fixtures/fittings, planning, alterations and/or lease details. Appliances & services are untested, dimensions are approximate and floor plans are not to scale.
 
We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Cubitt & West, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Listed by

Redhill

Arun Estates

Reference: 87676587

EPC ratings on this postcode

We don't have a matched EPC for this property yet. Below are efficiency scores and details for other addresses on this postcode.

Address Current Potential Floor area Age band Type
Flat 38 Picture House, 1, Marketfield Way, REDHILL 83 83 53 m² Flat
Flat 40 Picture House, 1, Marketfield Way, REDHILL 84 84 73 m² Flat

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Third Floor

Third Floor

EPC Graphs

EPC graph

EPC graph

Price history

Event Date Price % change
Listed for sale £350,000 -4.1%
Sold 30/10/2020 (5 years ago) £365,000

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
PICTURE HOUSE, 1 FLAT 72 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UG £257,000 10/10/2025 Flat
MERIDIAN HOUSE FLAT 13 MARKETFIELD ROAD, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UE £140,000 11/08/2025 Flat
Same street PICTURE HOUSE, 1 FLAT 14 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UF £337,950 20/12/2023 Flat
PICTURE HOUSE, 1 FLAT 68 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UG £370,000 04/08/2023 Flat
Same street PICTURE HOUSE, 1 FLAT 55 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UF £364,950 19/07/2023 Flat
GALAHAD HOUSE FLAT 1 KNIGHTS PLACE, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 4AZ £280,000 30/06/2023 Flat
PICTURE HOUSE, 1 FLAT 88 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UG £195,965 24/03/2023 Flat
PICTURE HOUSE, 1 FLAT 101 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UG £270,000 23/12/2022 Flat
MARYLEBONE HOUSE FLAT 4 MARKETFIELD ROAD, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1RP £107,000 22/12/2022 Flat
PICTURE HOUSE, 1 FLAT 90 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UG £195,965 22/12/2022 Flat
Same street PICTURE HOUSE, 1 FLAT 54 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UF £364,950 20/12/2022 Flat
QUEENSGATE FLAT 8 HIGH STREET, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1TZ £238,000 14/12/2022 Flat
Same street PICTURE HOUSE, 1 FLAT 43 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UF £364,950 28/11/2022 Flat
PICTURE HOUSE, 1 FLAT 125 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UG £279,950 28/11/2022 Flat
Same street PICTURE HOUSE, 1 FLAT 23 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UF £111,750 31/10/2022 Flat
Same street PICTURE HOUSE, 1 FLAT 1 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UF £133,200 28/10/2022 Flat
PICTURE HOUSE, 1 FLAT 106 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UG £360,000 28/10/2022 Flat
PICTURE HOUSE, 1 FLAT 104 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UG £260,000 28/10/2022 Flat
PICTURE HOUSE, 1 FLAT 114 MARKETFIELD WAY, REDHILL, SPELTHORNE, SURREY, RH1 1UG £260,000 28/10/2022 Flat
PICTURE HOUSE, 1 FLAT 92 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UG £369,950 28/10/2022 Flat
PICTURE HOUSE, 1 FLAT 105 MARKETFIELD WAY, REDHILL, SPELTHORNE, SURREY, RH1 1UG £260,000 28/10/2022 Flat
PICTURE HOUSE, 1 FLAT 78 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UG £374,950 19/10/2022 Flat
Same street PICTURE HOUSE, 1 FLAT 51 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UF £355,000 23/09/2022 Flat
PICTURE HOUSE, 1 FLAT 65 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UG £355,000 23/09/2022 Flat
PICTURE HOUSE, 1 FLAT 109 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UG £384,950 20/09/2022 Flat
PICTURE HOUSE, 1 FLAT 97 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UG £375,000 16/09/2022 Flat
PICTURE HOUSE, 1 FLAT 123 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UG £273,000 23/08/2022 Flat
Same street PICTURE HOUSE, 1 FLAT 33 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UF £78,750 15/07/2022 Flat
Same street PICTURE HOUSE, 1 FLAT 33 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UF £131,250 15/07/2022 Flat
Same street PICTURE HOUSE, 1 FLAT 26 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UF £130,375 01/06/2022 Flat
Same street PICTURE HOUSE, 1 FLAT 15 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UF £111,750 18/05/2022 Flat
Same street PICTURE HOUSE, 1 FLAT 29 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UF £112,500 11/02/2022 Flat
Same street PICTURE HOUSE, 1 FLAT 28 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UF £111,750 04/02/2022 Flat
Same street PICTURE HOUSE, 1 FLAT 22 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UF £101,250 28/01/2022 Flat
Same street PICTURE HOUSE, 1 FLAT 32 MARKETFIELD WAY, REDHILL, REIGATE AND BANSTEAD, SURREY, RH1 1UF £78,750 21/01/2022 Flat

Street average: £192,608 (15 sales)

Area average: £280,337 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -2.2%
10y growth -2.2%

House Price Index (HM Land Registry — official index, not sold-price averages): Reigate and Banstead. Series: Flats and maisonettes. As of March 2026.

1y (index) -3%
5y (index) 2%
10y (index) 9.5%

Rental Range

Estimated market rent for Reigate and Banstead. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,469/mo
Realistic £1,632/mo
Optimistic £1,795/mo

Based on Local Authority from postcode lookup → Reigate and Banstead.

LHA (30th percentile) floor for Outer North London: £1,396/mo (Apr 2025 – Mar 2026)

Location

Address

Marketfield Way

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop Tesco Marketfield Way Express 0.0 miles
Bus stop Marketfield Way 0.0 miles
Shop Whistlers 0.1 miles
Train station Redhill 0.1 miles
Bus stop Redhill Railway Station 0.1 miles
Hospital Whitepost Health Care Group Head Office & Shrewsbury Court Independent Hospital 0.6 miles
Train station Earlswood 0.9 miles
Hospital East Surrey Hospital 1.4 miles
University University for the Creative Arts, Epsom Campus 7.5 miles
University St Piers College 8.9 miles

Street-level crime

Category Count
Violence and sexual offences 69
Anti-social behaviour 28
Shoplifting 28
Public order 23
Other theft 16
Criminal damage and arson 10
Drugs 9
Vehicle crime 9
Other crime 7
Robbery 3
Burglary 2
Possession of weapons 2
Theft from the person 2
Bicycle theft 1
Total incidents 209

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Carrington School Secondary 0.3 miles Good — 27 Jun 2023
St Matthew's CofE Primary School Primary 0.4 miles Good — 21 Sep 2022
St Joseph's Catholic Primary School Primary 0.5 miles Good — 21 Mar 2012
Earlswood Infant and Nursery School Primary 0.7 miles Good — 13 Jun 2014
Hatchlands Primary Primary 0.7 miles Good — 24 Jan 2023

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
2 Bed End Terrace, Redstone Hill, RH1 £1,650/mo 2 0.07 miles OpenRent
2 Bed Flat, Gloucester Road, RH1 £1,800/mo 2 0.27 miles OpenRent
2 Bed Flat, Chilworth Court, RH1 £1,650/mo 2 0.33 miles OpenRent
2 Bed Terraced House, Keats Avenue, RH1 £1,850/mo 2 0.43 miles OpenRent

Average rent: £1,738/mo (4 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.49%
Max investor price (0.8%) £215,625
Target investor price (1%) £172,500
Gross yield 5.9%
Cost-to-rent ratio 16.9×
Monthly cashflow £149/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 1.8%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).

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