According to the public record, 257, Chipstead Way, Banstead is a modern freehold house with 1,959 ft2 of internal area and sits on a 546 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Chipstead Way, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
257, Chipstead Way, Banstead has 21 entries in the Land Registry database, most recently in July 2012 and a single entry in the EPC database dated March 2018.
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 257 Chipstead Way Banstead as £836,596 and the rental value as £3,426 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 257 Chipstead Way Banstead has increased by £2,665 (0.3%) and its rental value has increased by £126 per month (3.7%).
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 257, Chipstead Way, Banstead is in very good condition we estimate a sale value of £878,426 and rental value of £3,598 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £778,034 and a rental value of £3,187 per month.
If you were able to purchase this property for the estimated value of £836,596, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,112 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, 257, Chipstead Way, Banstead sits on a plot of 546m2.
We have plot size data on 7 out of 15 other houses in the postcode and 257, Chipstead Way, Banstead sits on the 4th largest plot.
According to HM Land Registry, 257, Chipstead Way, Banstead was last sold on 03 Jul 2012 for £402,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jul 2012, the market for similar properties has risen 64.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 257, Chipstead Way, Banstead within a radius of 1.1 kilometres over the last 2 years.
The most recent example is 8, Outwood Lane, Coulsdon, CR5 3NA, a Freehold house which sold for £700,000 in Feb 2024.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chipstead Way, Banstead, SM7 has a total of 261 addresses. According to our analysis of all the public data, 257, Chipstead Way, Banstead is the 5th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £168k more expensive than the average property in SM7.
257, Chipstead Way, Banstead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Mar 2018.
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 257, Chipstead Way, Banstead is Chipstead station which is 500 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 257, Chipstead Way, Banstead, 54.0% of property is privately owned outright and 40.3% 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 257, Chipstead Way, Banstead, 20.9% of residents are recorded as possessing school level qualifications and 33.6% 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 257, Chipstead Way, Banstead, the average age was 41.6 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 257, Chipstead Way, 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 257, Chipstead Way, 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.