According to the public record, 26, Lancaster Court, Banstead is a mid-century leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Lancaster Court, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
26, Lancaster Court, Banstead has a single entry in the Land Registry database from May 2022 and a single entry in the EPC database dated June 2016.
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 26 Lancaster Court Banstead as £300,568 and the rental value as £1,642 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 26 Lancaster Court Banstead has increased by £7,401 (2.5%) and its rental value has increased by £103 per month (6.3%).
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 26, Lancaster Court, Banstead is in very good condition we estimate a sale value of £315,596 and rental value of £1,724 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £279,528 and a rental value of £1,527 per month.
If you were able to purchase this property for the estimated value of £300,568, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,477 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, 26, Lancaster Court, Banstead was last sold on 26 May 2022 for £301,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2022, the market for similar properties has dropped 2.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 26, Lancaster Court, Banstead within a radius of 820 metres over the last 2 years.
The most recent example is 8, Lancaster Court, Banstead, SM7 1RR, a Leasehold flat which sold for £315,300 in Dec 2023.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lancaster Court, Banstead, SM7 has a total of 33 addresses. According to our analysis of all the public data, 26, Lancaster Court, Banstead is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £368k less expensive than the average property in SM7.
26, Lancaster Court, Banstead has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 24 Jun 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 26, Lancaster Court, Banstead is Banstead station which is 200 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 26, Lancaster Court, Banstead, 43.7% of property is privately owned outright and 28.6% 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 26, Lancaster Court, Banstead, 11.8% of residents are recorded as possessing school level qualifications and 40.7% 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 26, Lancaster Court, Banstead, the average age was 42.7 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 26, Lancaster Court, Banstead, 1.6% 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 26, Lancaster Court, Banstead, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.