According to the public record, 3 Mulberry Gate 16, Banstead is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 2,283 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Brighton Road, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
3 Mulberry Gate 16, Banstead has 21 entries in the Land Registry database, most recently in August 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 3 Mulberry Gate 16 Banstead as £1,264,281 and the rental value as £3,587 per month giving an expected gross yield of 3.4%.
Over the last 12 months the sale value of 3 Mulberry Gate 16 Banstead has decreased by £5,943 (0.5%) and its rental value has increased by £118 per month (3.3%).
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 3 Mulberry Gate 16, Banstead is in very good condition we estimate a sale value of £1,327,495 and rental value of £3,766 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,175,782 and a rental value of £3,336 per month.
If you were able to purchase this property for the estimated value of £1,264,281, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £6,214 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, 3 Mulberry Gate 16, Banstead was last sold on 24 Aug 2007 for £807,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2007, the market for similar properties has risen 69.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3 Mulberry Gate 16, Banstead within a radius of 680 metres over the last 2 years.
The most recent example is 9, Tudor Close, Banstead, SM7 1HQ, a Freehold house which sold for £1,130,000 in Nov 2023.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Brighton Road, Banstead, SM7 has a total of 124 addresses. According to our analysis of all the public data, 3 Mulberry Gate 16, Banstead is the 11th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £596k more expensive than the average property in SM7.
The closest station to 3 Mulberry Gate 16, Banstead is Banstead station which is 1.0 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 3 Mulberry Gate 16, Banstead, 44.7% of property is privately owned with a mortgage and 40.0% 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 3 Mulberry Gate 16, Banstead, 15.5% of residents are recorded as possessing school level qualifications and 47.6% 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 3 Mulberry Gate 16, 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 3 Mulberry Gate 16, Banstead, 0.9% 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 3 Mulberry Gate 16, Banstead, there are an average of 1.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.