According to the public record, 3, Winkworth Place, Banstead is a mid-century leasehold apartment with 1,313 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Winkworth Place, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
3, Winkworth Place, Banstead has 41 entries in the Land Registry database, most recently in April 2024 and a single entry in the EPC database dated May 2022.
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 Winkworth Place Banstead as £491,517 and the rental value as £2,477 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 3 Winkworth Place Banstead has increased by £15,166 (3.1%) and its rental value has increased by £173 per month (7.0%).
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 3, Winkworth Place, Banstead is in very good condition we estimate a sale value of £516,093 and rental value of £2,601 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £457,111 and a rental value of £2,304 per month.
If you were able to purchase this property for the estimated value of £491,517, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,416 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, Winkworth Place, Banstead was last sold on 26 Apr 2024 for £470,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Apr 2024, the market for similar properties has risen 1.8%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 3, Winkworth Place, Banstead within a radius of 770 metres over the last 2 years.
The most recent example is 37, Wingfield Court, Banstead, SM7 2GD, a Leasehold flat which sold for £537,500 in Jun 2021.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Winkworth Place, Banstead, SM7 has a total of 19 addresses. According to our analysis of all the public data, 3, Winkworth Place, Banstead is the largest and the 12th most expensive property on the street.
When compared to the postcode district it is £177k less expensive than the average property in SM7.
3, Winkworth Place, Banstead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 May 2022.
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, Winkworth Place, Banstead is Banstead 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 3, Winkworth Place, Banstead, 60.3% of property is privately owned outright and 30.5% 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 3, Winkworth Place, Banstead, 19.3% of residents are recorded as possessing school level qualifications and 42.0% 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, Winkworth Place, 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 3, Winkworth Place, Banstead, 1.2% 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, Winkworth Place, 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.