According to the public record, 15, Larchwood Close, Banstead is a mid-century house with 936 ft2 of internal area and sits on a 769 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Larchwood Close, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
15, Larchwood Close, Banstead has no records in the Land Registry database and a single entry in the EPC database dated May 2014.
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 15 Larchwood Close Banstead as £660,871 and the rental value as £2,610 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 15 Larchwood Close Banstead has increased by £17,859 (2.7%) and its rental value has increased by £171 per month (6.6%).
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 15, Larchwood Close, Banstead is in very good condition we estimate a sale value of £693,914 and rental value of £2,740 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £614,610 and a rental value of £2,427 per month.
If you were able to purchase this property for the estimated value of £660,871, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,248 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, 15, Larchwood Close, Banstead sits on a plot of 769m2.
We have plot size data on 25 out of 44 other houses in the postcode and 15, Larchwood Close, Banstead sits on the 11th largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Larchwood Close, Banstead within a radius of 790 metres over the last 2 years.
The most recent example is 21, Larchwood Close, Banstead, SM7 1HE, a Freehold house which sold for £816,000 in Oct 2022.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Larchwood Close, Banstead, SM7 has a total of 47 addresses. According to our analysis of all the public data, 15, Larchwood Close, Banstead is the 40th largest and the 37th most expensive property on the street.
When compared to the postcode district it is £8k less expensive than the average property in SM7.
15, Larchwood Close, Banstead has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 28 May 2014.
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 15, Larchwood Close, Banstead is Banstead 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 15, Larchwood Close, Banstead, 63.2% of property is privately owned outright and 34.6% 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 15, Larchwood Close, Banstead, 18.5% of residents are recorded as possessing school level qualifications and 42.9% 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 15, Larchwood Close, 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 15, Larchwood Close, Banstead, 1.6% 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 15, Larchwood 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.