According to the public record, 11, Cheviot Close, Banstead is a mid-century leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Cheviot Close, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
11, Cheviot Close, Banstead has 21 entries in the Land Registry database, most recently in July 2013 and a single entry in the EPC database dated March 2013.
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 11 Cheviot Close Banstead as £357,532 and the rental value as £1,709 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 11 Cheviot Close Banstead has increased by £8,536 (2.4%) and its rental value has increased by £107 per month (6.3%).
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, Cheviot Close, Banstead is in very good condition we estimate a sale value of £375,409 and rental value of £1,795 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £332,505 and a rental value of £1,590 per month.
If you were able to purchase this property for the estimated value of £357,532, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,757 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, 11, Cheviot Close, Banstead was last sold on 26 Jul 2013 for £172,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2013, the market for similar properties has risen 38.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 11, Cheviot Close, Banstead within a radius of 670 metres over the last 2 years.
The most recent example is 12, Cheviot Close, Banstead, SM7 2PD, a Leasehold flat which sold for £347,000 in Dec 2023.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cheviot Close, Banstead, SM7 has a total of 16 addresses. According to our analysis of all the public data, 11, Cheviot Close, Banstead is the 6th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £311k less expensive than the average property in SM7.
11, Cheviot Close, Banstead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Mar 2013.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 11, Cheviot Close, Banstead is Banstead station which is 1.2 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, Cheviot Close, Banstead, 64.7% of property is privately owned outright and 17.3% is privately 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, Cheviot Close, Banstead, 8.5% of residents are recorded as possessing school level qualifications and 30.4% 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, Cheviot Close, Banstead, the average age was 44.8 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, Cheviot Close, Banstead, 0.9% 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, Cheviot Close, Banstead, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.