According to the public record, 11, Cedars, Banstead is a modern apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Cedars, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
11, Cedars, Banstead has no records in the Land Registry database and a single entry in the EPC database dated March 2020.
We combine this information with public data 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 11 Cedars Banstead as £236,652 and the rental value as £1,311 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 11 Cedars Banstead has increased by £6,065 (2.6%) and its rental value has increased by £77 per month (5.9%).
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 11, Cedars, Banstead is in very good condition we estimate a sale value of £248,485 and rental value of £1,377 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £220,087 and a rental value of £1,220 per month.
If you were able to purchase this property for the estimated value of £236,652, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,163 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 11, Cedars, Banstead within a radius of 1.3 kilometres over the last 2 years.
The most recent example is 30, Merrymeet, Banstead, SM7 3HT, a Leasehold flat which sold for £275,000 in Jun 2018.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cedars, Banstead, SM7 has a total of 23 addresses. According to our analysis of all the public data, 11, Cedars, Banstead is the 8th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £432k less expensive than the average property in SM7.
11, Cedars, Banstead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Mar 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to 11, Cedars, Banstead is Woodmansterne station which is 1.5 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 11, Cedars, Banstead, 31.8% of property is privately owned with a mortgage and 27.1% is socially rented.
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 11, Cedars, Banstead, 18.8% of residents are recorded as possessing school level qualifications and 31.6% 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 11, Cedars, 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 11, Cedars, 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 11, Cedars, Banstead, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.