According to the public record, 8, Chipstead Way, Banstead is a early-century freehold house with 982 ft2 of internal area and sits on a 234 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Chipstead Way, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
8, Chipstead Way, Banstead has 21 entries in the Land Registry database, most recently in September 2012 and a single entry in the EPC database dated January 2012.
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 8 Chipstead Way Banstead as £578,367 and the rental value as £2,618 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 8 Chipstead Way Banstead has increased by £15,728 (2.7%) and its rental value has increased by £162 per month (6.2%).
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 8, Chipstead Way, Banstead is in very good condition we estimate a sale value of £607,286 and rental value of £2,749 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £537,882 and a rental value of £2,435 per month.
If you were able to purchase this property for the estimated value of £578,367, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,842 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, 8, Chipstead Way, Banstead sits on a plot of 234m2.
We have plot size data on 16 out of 37 other houses in the postcode and 8, Chipstead Way, Banstead sits on the 10th largest plot.
According to HM Land Registry, 8, Chipstead Way, Banstead was last sold on 27 Sep 2012 for £350,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Sep 2012, the market for similar properties has risen 76.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Chipstead Way, Banstead within a radius of 1.1 kilometres over the last 2 years.
The most recent example is 9, Chipstead Way, Banstead, SM7 3JH, a Freehold house which sold for £599,950 in Jul 2024.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chipstead Way, Banstead, SM7 has a total of 261 addresses. According to our analysis of all the public data, 8, Chipstead Way, Banstead is the 142nd largest and the 114th most expensive property on the street.
When compared to the postcode district it is £90k less expensive than the average property in SM7.
8, Chipstead Way, Banstead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Jan 2012.
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 8, Chipstead Way, Banstead is Woodmansterne 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 8, Chipstead Way, Banstead, 60.6% of property is privately owned with a mortgage and 36.6% 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 8, Chipstead Way, Banstead, 20.0% of residents are recorded as possessing school level qualifications and 35.2% 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 8, Chipstead Way, Banstead, the average age was 41.6 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 8, Chipstead Way, 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 8, Chipstead Way, 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.