According to the public record, 23, The Oval, Banstead is a mid-century leasehold apartment with 796 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The Oval, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
23, The Oval, Banstead has a single entry in the Land Registry database from January 2022 and a single entry in the EPC database dated August 2021.
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 23 The Oval Banstead as £316,105 and the rental value as £1,705 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 23 The Oval Banstead has increased by £7,166 (2.3%) and its rental value has increased by £104 per month (6.1%).
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 23, The Oval, Banstead is in very good condition we estimate a sale value of £331,910 and rental value of £1,790 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £293,978 and a rental value of £1,586 per month.
If you were able to purchase this property for the estimated value of £316,105, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,554 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, 23, The Oval, Banstead was last sold on 11 Jan 2022 for £327,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2022, the market for similar properties has dropped 1.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23, The Oval, Banstead within a radius of 700 metres over the last 2 years.
The most recent example is 35B, High Street, Banstead, SM7 2NH, a Leasehold flat which sold for £290,000 in Oct 2023.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Oval, Banstead, SM7 has a total of 46 addresses. According to our analysis of all the public data, 23, The Oval, Banstead is the 36th largest and the 36th most expensive property on the street.
When compared to the postcode district it is £352k less expensive than the average property in SM7.
23, The Oval, Banstead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 31 Aug 2021.
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 23, The Oval, Banstead is Banstead station which is 800 metres 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 23, The Oval, Banstead, 44.3% of property is privately owned outright and 44.3% 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 23, The Oval, Banstead, 20.5% of residents are recorded as possessing school level qualifications and 34.3% 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 23, The Oval, 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 23, The Oval, 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 23, The Oval, Banstead, there are an average of 1.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.