According to the public record, 62, Palmersfield Road, Banstead is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,444 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Palmersfield Road, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
62, Palmersfield Road, Banstead has 31 entries in the Land Registry database, most recently in May 2008 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 62 Palmersfield Road Banstead as £784,833 and the rental value as £3,068 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 62 Palmersfield Road Banstead has increased by £12,578 (1.6%) and its rental value has increased by £165 per month (5.4%).
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 62, Palmersfield Road, Banstead is in very good condition we estimate a sale value of £824,075 and rental value of £3,222 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £729,895 and a rental value of £2,853 per month.
If you were able to purchase this property for the estimated value of £784,833, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,857 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, 62, Palmersfield Road, Banstead was last sold on 23 May 2008 for £430,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since May 2008, the market for similar properties has risen 89.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 62, Palmersfield Road, Banstead within a radius of 810 metres over the last 2 years.
The most recent example is 19, Commonfield Road, Banstead, SM7 2JR, a Freehold house which sold for £780,000 in Mar 2024.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Palmersfield Road, Banstead, SM7 has a total of 59 addresses. According to our analysis of all the public data, 62, Palmersfield Road, Banstead is the 31st largest and the 26th most expensive property on the street.
When compared to the postcode district it is £116k more expensive than the average property in SM7.
The closest station to 62, Palmersfield Road, 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 62, Palmersfield Road, Banstead, 51.1% of property is privately owned outright and 47.4% 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 62, Palmersfield Road, Banstead, 21.5% of residents are recorded as possessing school level qualifications and 38.8% 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 62, Palmersfield 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 62, Palmersfield Road, Banstead, 0.0% 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 62, Palmersfield Road, Banstead, there are an average of 1.8 cars per household.
See below for how this compares to South East and the rest of England & Wales.