According to the public record, 6 Cheyne Court, Park Road, Banstead is a mid-century apartment with 861 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 6, Park Road, Banstead, SM7.
Park Road, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
6 Cheyne Court, Park Road, Banstead has no recent1 records in the Land Registry database and a single entry in the EPC database dated June 2023.
We combine this information with public data 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 6 Cheyne Court Park Road Banstead as £411,612 and the rental value as £1,997 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 6 Cheyne Court Park Road Banstead has increased by £15,554 (3.8%) and its rental value has increased by £152 per month (7.6%).
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 6 Cheyne Court, Park Road, Banstead is in very good condition we estimate a sale value of £432,193 and rental value of £2,097 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £382,799 and a rental value of £1,857 per month.
If you were able to purchase this property for the estimated value of £411,612, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,023 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, 6 Cheyne Court, Park Road, Banstead was last sold on 04 Dec 1998 for £85,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6 Cheyne Court, Park Road, Banstead within a radius of 780 metres over the last 2 years.
The most recent example is Flat 31, Well House, Woodmansterne Lane, Banstead, SM7 3AB, a Leasehold flat which sold for £405,000 in Aug 2023.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Road, Banstead, SM7 has a total of 114 addresses. According to our analysis of all the public data, 6 Cheyne Court, Park Road, Banstead is the 58th largest and the 68th most expensive property on the street.
When compared to the postcode district it is £257k less expensive than the average property in SM7.
6 Cheyne Court, Park Road, Banstead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Jun 2023.
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 6 Cheyne Court, Park Road, Banstead is Banstead 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 6 Cheyne Court, Park Road, Banstead, 56.6% of property is privately owned outright and 23.5% is privately rented.
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 6 Cheyne Court, Park Road, Banstead, 8.1% of residents are recorded as possessing school level qualifications and 30.3% 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 6 Cheyne Court, Park Road, 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 6 Cheyne Court, Park Road, Banstead, 0.4% 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 6 Cheyne Court, Park Road, Banstead, there are an average of 1.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.