According to the public record, 3, Beacon Way, Banstead is a early-century freehold house with 2,066 ft2 of internal area and sits on a 1,245 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Beacon Way, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
3, Beacon Way, Banstead has 31 entries in the Land Registry database, most recently in September 2021 and a single entry in the EPC database dated May 2021.
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 3 Beacon Way Banstead as £1,103,038 and the rental value as £3,472 per month giving an expected gross yield of 3.8%.
Over the last 12 months the sale value of 3 Beacon Way Banstead has decreased by £5,185 (0.5%) and its rental value has increased by £114 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, Beacon Way, Banstead is in very good condition we estimate a sale value of £1,158,190 and rental value of £3,645 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,025,825 and a rental value of £3,229 per month.
If you were able to purchase this property for the estimated value of £1,103,038, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £5,421 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, 3, Beacon Way, Banstead sits on a plot of 1245m2.
We have plot size data on 10 out of 25 other houses in the postcode and 3, Beacon Way, Banstead sits on the 2nd largest plot.
According to HM Land Registry, 3, Beacon Way, Banstead was last sold on 10 Sep 2021 for £1,175,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Sep 2021, the market for similar properties has dropped 3.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Beacon Way, Banstead within a radius of 790 metres over the last 2 years.
The most recent example is 4, Beacon Way, Banstead, SM7 1DY, a Freehold house which sold for £1,060,000 in Mar 2021.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Beacon Way, Banstead, SM7 has a total of 60 addresses. According to our analysis of all the public data, 3, Beacon Way, Banstead is the 19th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £435k more expensive than the average property in SM7.
3, Beacon Way, Banstead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 27 May 2021.
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 3, Beacon Way, Banstead is Epsom Downs 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 3, Beacon Way, Banstead, 47.0% of property is privately owned with a mortgage and 43.2% 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, Beacon Way, Banstead, 22.6% of residents are recorded as possessing school level qualifications and 41.9% 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, Beacon Way, 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, Beacon Way, Banstead, 0.3% 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, Beacon Way, Banstead, there are an average of 1.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.