According to the public record, 1, Hempshaw Avenue, Banstead is a early-century freehold house with 807 ft2 of internal area and sits on a 283 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Hempshaw Avenue, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
1, Hempshaw Avenue, Banstead has a single entry in the Land Registry database from August 2023 and a single entry in the EPC database dated September 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Hempshaw Avenue Banstead as £503,674 and the rental value as £2,386 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 1 Hempshaw Avenue Banstead has increased by £13,697 (2.7%) and its rental value has increased by £148 per month (6.2%).
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, Hempshaw Avenue, Banstead is in very good condition we estimate a sale value of £528,858 and rental value of £2,505 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £468,417 and a rental value of £2,219 per month.
If you were able to purchase this property for the estimated value of £503,674, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,475 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 data from HM Land Registry, 1, Hempshaw Avenue, Banstead sits on a plot of 283m2.
We have plot size data on 8 out of 14 other houses in the postcode and 1, Hempshaw Avenue, Banstead sits on the 3rd largest plot.
According to HM Land Registry, 1, Hempshaw Avenue, Banstead was last sold on 25 Aug 2023 for £487,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2023, the market for similar properties has risen 2.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Hempshaw Avenue, Banstead within a radius of 970 metres over the last 2 years.
The most recent example is 14, Hempshaw Avenue, Banstead, SM7 3PG, a Freehold house which sold for £500,000 in Feb 2023.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hempshaw Avenue, Banstead, SM7 has a total of 44 addresses. According to our analysis of all the public data, 1, Hempshaw Avenue, Banstead is the 30th largest and the 36th most expensive property on the street.
When compared to the postcode district it is £165k less expensive than the average property in SM7.
1, Hempshaw Avenue, Banstead has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 01 Sep 2022.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 1, Hempshaw Avenue, Banstead is Chipstead station which is 1.0 kilometres 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, Hempshaw Avenue, Banstead, 55.2% of property is privately owned with a mortgage and 31.6% is privately owned outright.
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, Hempshaw Avenue, Banstead, 24.8% of residents are recorded as possessing school level qualifications and 39.0% 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, Hempshaw Avenue, Banstead, the average age was 41.6 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, Hempshaw Avenue, Banstead, 0.0% 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, Hempshaw Avenue, Banstead, there are an average of 1.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.