According to the public record, 8, Tonbridge Close, Banstead is a mid-century freehold house with 1,162 ft2 of internal area and sits on a 146 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Tonbridge Close, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
8, Tonbridge Close, Banstead has 21 entries in the Land Registry database, most recently in July 2019 and a single entry in the EPC database dated October 2017.
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 Tonbridge Close Banstead as £516,698 and the rental value as £2,532 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 8 Tonbridge Close Banstead has increased by £3,151 (0.6%) and its rental value has increased by £98 per month (3.9%).
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, Tonbridge Close, Banstead is in very good condition we estimate a sale value of £542,533 and rental value of £2,658 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £480,529 and a rental value of £2,355 per month.
If you were able to purchase this property for the estimated value of £516,698, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,539 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, Tonbridge Close, Banstead sits on a plot of 146m2.
We have plot size data on 6 out of 11 other houses in the postcode and 8, Tonbridge Close, Banstead sits on the 6th largest plot.
According to HM Land Registry, 8, Tonbridge Close, Banstead was last sold on 19 Jul 2019 for £392,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jul 2019, the market for similar properties has risen 16.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Tonbridge Close, Banstead within a radius of 1.2 kilometres over the last 2 years.
The most recent example is 44, Carshalton Road, Banstead, SM7 3HR, a Freehold house which sold for £543,000 in Nov 2022.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Tonbridge Close, Banstead, SM7 has a total of 23 addresses. According to our analysis of all the public data, 8, Tonbridge Close, Banstead is the largest and the most expensive property on the street.
When compared to the postcode district it is £152k less expensive than the average property in SM7.
8, Tonbridge Close, Banstead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Oct 2017.
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, Tonbridge Close, Banstead is Woodmansterne station which is 1.3 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, Tonbridge Close, Banstead, 31.8% of property is privately owned with a mortgage and 27.1% is socially rented.
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, Tonbridge Close, Banstead, 18.8% of residents are recorded as possessing school level qualifications and 31.6% 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, Tonbridge Close, 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, Tonbridge Close, 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, Tonbridge Close, Banstead, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.