According to the public record, 16, The Orchard, Banstead is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,001 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
The Orchard, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
16, The Orchard, Banstead has 21 entries in the Land Registry database, most recently in March 2007 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 16 The Orchard Banstead as £631,581 and the rental value as £2,587 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 16 The Orchard Banstead has increased by £20,148 (3.2%) and its rental value has increased by £183 per month (7.1%).
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 16, The Orchard, Banstead is in very good condition we estimate a sale value of £663,160 and rental value of £2,716 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £587,370 and a rental value of £2,406 per month.
If you were able to purchase this property for the estimated value of £631,581, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,104 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, 16, The Orchard, Banstead was last sold on 30 Mar 2007 for £315,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2007, the market for similar properties has risen 79.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, The Orchard, Banstead within a radius of 630 metres over the last 2 years.
The most recent example is 2, Hurley Close, Banstead, SM7 1BQ, a Freehold house which sold for £575,000 in May 2023.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Orchard, Banstead, SM7 has a total of 18 addresses. According to our analysis of all the public data, 16, The Orchard, Banstead is the 12th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £37k less expensive than the average property in SM7.
The closest station to 16, The Orchard, 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 16, The Orchard, Banstead, 57.1% of property is privately owned outright and 27.7% 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 16, The Orchard, Banstead, 14.2% of residents are recorded as possessing school level qualifications and 35.3% 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 16, The Orchard, 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 16, The Orchard, Banstead, 1.0% 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 16, The Orchard, Banstead, there are an average of 1.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.