According to the public record, 24, Ferndale Road, Banstead is a period freehold house with 839 ft2 of internal area and sits on a 245 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Ferndale Road, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
24, Ferndale Road, Banstead has a single entry in the Land Registry database from January 2018 and a single entry in the EPC database dated August 2017.
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 24 Ferndale Road Banstead as £473,756 and the rental value as £2,381 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 24 Ferndale Road Banstead has increased by £15,120 (3.2%) and its rental value has increased by £168 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 24, Ferndale Road, Banstead is in very good condition we estimate a sale value of £497,444 and rental value of £2,500 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £440,593 and a rental value of £2,214 per month.
If you were able to purchase this property for the estimated value of £473,756, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,328 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, 24, Ferndale Road, Banstead sits on a plot of 245m2.
We have plot size data on 51 out of 71 other houses in the postcode and 24, Ferndale Road, Banstead sits on the 14th largest plot.
According to HM Land Registry, 24, Ferndale Road, Banstead was last sold on 26 Jan 2018 for £395,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2018, the market for similar properties has risen 20.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Ferndale Road, Banstead within a radius of 740 metres over the last 2 years.
The most recent example is 9, Ferndale Road, Banstead, SM7 2EX, a Freehold house which sold for £450,000 in Jun 2021.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ferndale Road, Banstead, SM7 has a total of 72 addresses. According to our analysis of all the public data, 24, Ferndale Road, Banstead is the 47th largest and the 48th most expensive property on the street.
When compared to the postcode district it is £195k less expensive than the average property in SM7.
24, Ferndale Road, Banstead has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 22 Aug 2017.
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 24, Ferndale Road, Banstead is Banstead station which is 1.4 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 24, Ferndale Road, Banstead, 46.7% of property is privately owned with a mortgage and 29.0% is privately owned outright.
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 24, Ferndale Road, Banstead, 23.7% of residents are recorded as possessing school level qualifications and 35.4% 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 24, Ferndale Road, 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 24, Ferndale Road, Banstead, 0.6% 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 24, Ferndale Road, 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.