According to the public record, 24, Forge Steading, Banstead is a modern leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Forge Steading, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
24, Forge Steading, Banstead has 31 entries in the Land Registry database, most recently in March 2016 and a single entry in the EPC database dated November 2015.
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 Forge Steading Banstead as £348,324 and the rental value as £1,774 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 24 Forge Steading Banstead has increased by £7,856 (2.3%) and its rental value has increased by £107 per month (6.0%).
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, Forge Steading, Banstead is in very good condition we estimate a sale value of £365,740 and rental value of £1,863 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £323,941 and a rental value of £1,650 per month.
If you were able to purchase this property for the estimated value of £348,324, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,712 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, 24, Forge Steading, Banstead was last sold on 02 Mar 2016 for £340,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2016, the market for similar properties has risen 6.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Forge Steading, Banstead within a radius of 730 metres over the last 2 years.
The most recent example is 20, Forge Steading, Banstead, SM7 2DT, a Leasehold flat which sold for £392,000 in Sep 2022.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Forge Steading, Banstead, SM7 has a total of 25 addresses. According to our analysis of all the public data, 24, Forge Steading, Banstead is the 21st largest and the 21st most expensive property on the street.
When compared to the postcode district it is £320k less expensive than the average property in SM7.
24, Forge Steading, Banstead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Nov 2015.
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, Forge Steading, 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 24, Forge Steading, Banstead, 56.6% of property is privately owned outright and 23.5% is privately rented.
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, Forge Steading, Banstead, 8.1% of residents are recorded as possessing school level qualifications and 30.3% 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 24, Forge Steading, 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, Forge Steading, Banstead, 0.4% 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, Forge Steading, Banstead, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.