Flat 40
PICTURE HOUSE, 1, MARKETFIELD WAY, REDHILL, SURREY RH1 1UF
£350,000
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
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)
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).
House Price Index (HM Land Registry — official index, not sold-price averages): Reigate and Banstead. Series: Flats and maisonettes. As of March 2026.
Rental Range
Estimated market rent for Reigate and Banstead. Low = conservative, Realistic = average, Optimistic = best case.
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 — 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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