According to the public record, 8, Palmersfield Road, Banstead is a early-century freehold house with 1,506 ft2 of internal area and sits on a 406 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Palmersfield Road, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
8, Palmersfield Road, Banstead has 21 entries in the Land Registry database, most recently in August 2019 and a single entry in the EPC database dated September 2018.
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 Palmersfield Road Banstead as £801,400 and the rental value as £3,101 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 8 Palmersfield Road Banstead has increased by £12,844 (1.6%) and its rental value has increased by £167 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 8, Palmersfield Road, Banstead is in very good condition we estimate a sale value of £841,470 and rental value of £3,256 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £745,302 and a rental value of £2,884 per month.
If you were able to purchase this property for the estimated value of £801,400, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,939 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, Palmersfield Road, Banstead sits on a plot of 406m2.
We have plot size data on 19 out of 36 other houses in the postcode and 8, Palmersfield Road, Banstead sits on the 7th largest plot.
According to HM Land Registry, 8, Palmersfield Road, Banstead was last sold on 22 Aug 2019 for £600,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2019, the market for similar properties has risen 18.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Palmersfield Road, Banstead within a radius of 790 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, 8, Palmersfield Road, Banstead is the 26th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £133k more expensive than the average property in SM7.
8, Palmersfield Road, Banstead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Sep 2018.
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, 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 8, 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 8, 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 8, 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 8, 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 8, 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.