According to the public record, 1, Burns Drive, Banstead is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,625 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Burns Drive, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
1, Burns Drive, Banstead has 21 entries in the Land Registry database, most recently in February 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Burns Drive Banstead as £767,574 and the rental value as £3,090 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 1 Burns Drive Banstead has increased by £8,838 (1.2%) and its rental value has increased by £150 per month (4.9%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Burns Drive, Banstead is in very good condition we estimate a sale value of £805,953 and rental value of £3,245 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £713,844 and a rental value of £2,874 per month.
If you were able to purchase this property for the estimated value of £767,574, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,772 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1, Burns Drive, Banstead was last sold on 16 Feb 2006 for £430,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Burns Drive, Banstead within a radius of 800 metres over the last 2 years.
The most recent example is 39, Osier Way, Banstead, SM7 1LL, a Freehold house which sold for £850,000 in Oct 2023.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Burns Drive, Banstead, SM7 has a total of 15 addresses. According to our analysis of all the public data, 1, Burns Drive, Banstead is the 2nd largest and the 5th most expensive property on the street.
When compared to the postcode district it is £99k more expensive than the average property in SM7.
The closest station to 1, Burns Drive, Banstead is Banstead station which is 600 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Burns Drive, Banstead, 52.1% of property is privately owned outright and 44.2% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Burns Drive, Banstead, 14.4% of residents are recorded as possessing school level qualifications and 40.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Burns Drive, Banstead, the average age was 42.7 and the most common age was 57.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Burns Drive, Banstead, 1.5% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Burns Drive, Banstead, there are an average of 1.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.