According to the public record, 8, Magnolia Drive, Banstead is a modern freehold house with 2,098 ft2 of internal area and sits on a 367 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Magnolia Drive, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
8, Magnolia Drive, Banstead has 2 entries in the Land Registry database, most recently in December 2020 and a single entry in the EPC database dated August 2020.
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 Magnolia Drive Banstead as £875,787 and the rental value as £3,454 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 8 Magnolia Drive Banstead has decreased by £4,117 (0.5%) and its rental value has increased by £113 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 8, Magnolia Drive, Banstead is in very good condition we estimate a sale value of £919,576 and rental value of £3,627 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £814,482 and a rental value of £3,213 per month.
If you were able to purchase this property for the estimated value of £875,787, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,304 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, Magnolia Drive, Banstead sits on a plot of 367m2.
We have plot size data on 8 out of 12 other houses in the postcode and 8, Magnolia Drive, Banstead sits on the 2nd largest plot.
According to HM Land Registry, 8, Magnolia Drive, Banstead was last sold on 18 Dec 2020 for £845,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2020, the market for similar properties has risen 7.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Magnolia Drive, Banstead within a radius of 680 metres over the last 2 years.
The most recent example is 3, Burgh Wood, Banstead, SM7 1EW, a Freehold house which sold for £960,000 in Apr 2024.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Magnolia Drive, Banstead, SM7 has a total of 36 addresses. According to our analysis of all the public data, 8, Magnolia Drive, Banstead is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £207k more expensive than the average property in SM7.
8, Magnolia Drive, Banstead has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 Aug 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler with both radiators and underfloor heating.
The closest station to 8, Magnolia Drive, Banstead is Banstead station which is 1.1 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, Magnolia Drive, Banstead, 44.7% of property is privately owned with a mortgage and 40.0% 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, Magnolia Drive, Banstead, 15.5% of residents are recorded as possessing school level qualifications and 47.6% 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, Magnolia Drive, Banstead, the average age was 42.7 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, Magnolia Drive, Banstead, 0.9% 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 8, Magnolia Drive, 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.