According to the public record, 7, Garratts Lane, Banstead is a modern freehold house with 6,006 ft2 of internal area and sits on a 924 m2 plot.
Houses of this size in this area normally have 6 bedrooms with a garden.
Garratts Lane, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
7, Garratts Lane, Banstead has 51 entries in the Land Registry database, most recently in January 2021 and a single entry in the EPC database dated January 2015.
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 7 Garratts Lane Banstead as £1,948,703 and the rental value as £6,479 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 7 Garratts Lane Banstead has decreased by £8,916 (0.5%) and its rental value has increased by £214 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 7, Garratts Lane, Banstead is in very good condition we estimate a sale value of £2,046,138 and rental value of £6,802 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,812,294 and a rental value of £6,025 per month.
If you were able to purchase this property for the estimated value of £1,948,703, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £9,577 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, 7, Garratts Lane, Banstead sits on a plot of 924m2.
We have plot size data on 5 out of 13 other houses in the postcode and 7, Garratts Lane, Banstead sits on the 3rd largest plot.
According to HM Land Registry, 7, Garratts Lane, Banstead was last sold on 08 Jan 2021 for £1,515,000 and was recorded as a freehold house.
The property has had 5 sales since 1995.
Since Jan 2021, the market for similar properties has risen 6.7%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 660 metres radius of 7, Garratts Lane, Banstead over the last 2 years.
The most recent example is 9, Garratts Lane, Banstead, SM7 2DZ, a Freehold house which sold for £1,270,000 in Sep 2021.
Read more about house prices in SM7.
Garratts Lane, Banstead, SM7 has a total of 65 addresses. According to our analysis of all the public data, 7, Garratts Lane, Banstead is the largest and the most expensive property on the street.
When compared to the postcode district it is £1.28m more expensive than the average property in SM7.
7, Garratts Lane, Banstead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Jan 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using Air source heat pump, warm air, electric.
The closest station to 7, Garratts Lane, Banstead is Banstead station which is 1.2 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 7, Garratts Lane, Banstead, 62.9% of property is privately owned outright and 29.0% 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 7, Garratts Lane, Banstead, 17.4% of residents are recorded as possessing school level qualifications and 48.4% 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 7, Garratts Lane, 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 7, Garratts Lane, Banstead, 4.9% 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 7, Garratts Lane, 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.