According to the public record, 14, Heath Close, Banstead is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 2,299 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Heath Close, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
14, Heath Close, Banstead has 21 entries in the Land Registry database, most recently in August 2011 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 14 Heath Close Banstead as £1,129,842 and the rental value as £3,692 per month giving an expected gross yield of 3.9%.
Over the last 12 months the sale value of 14 Heath Close Banstead has decreased by £5,197 (0.5%) and its rental value has increased by £119 per month (3.2%).
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 14, Heath Close, Banstead is in very good condition we estimate a sale value of £1,186,334 and rental value of £3,877 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,050,753 and a rental value of £3,434 per month.
If you were able to purchase this property for the estimated value of £1,129,842, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £5,553 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, 14, Heath Close, Banstead was last sold on 01 Aug 2011 for £678,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2011, the market for similar properties has risen 61.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 14, Heath Close, Banstead within a radius of 920 metres over the last 2 years.
The most recent example is 9, Heath Close, Banstead, SM7 3QU, a Freehold house which sold for £1,285,000 in Nov 2023.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Heath Close, Banstead, SM7 has a total of 21 addresses. According to our analysis of all the public data, 14, Heath Close, Banstead is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £461k more expensive than the average property in SM7.
The closest station to 14, Heath Close, Banstead is Banstead station which is 1.3 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 14, Heath Close, Banstead, 53.2% of property is privately owned outright and 40.3% 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 14, Heath Close, Banstead, 20.3% of residents are recorded as possessing school level qualifications and 45.1% 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 14, Heath 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 14, Heath Close, Banstead, 1.2% 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 14, Heath Close, 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.