According to the public record, 12A, Cheviot Close, Banstead is a mid-century leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 12, Cheviot Close, Banstead, SM7.
Cheviot Close, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
12A, Cheviot Close, Banstead has 2 entries in the Land Registry database, most recently in November 2022 and a single entry in the EPC database dated May 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 12A Cheviot Close Banstead as £340,898 and the rental value as £1,645 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 12A Cheviot Close Banstead has increased by £8,139 (2.4%) and its rental value has increased by £103 per month (6.3%).
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 12A, Cheviot Close, Banstead is in very good condition we estimate a sale value of £357,943 and rental value of £1,728 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £317,035 and a rental value of £1,530 per month.
If you were able to purchase this property for the estimated value of £340,898, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,675 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 HM Land Registry, 12A, Cheviot Close, Banstead was last sold on 04 Nov 2022 for £385,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2022, the market for similar properties has dropped 0.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12A, Cheviot Close, Banstead within a radius of 670 metres over the last 2 years.
The most recent example is 12, Cheviot Close, Banstead, SM7 2PD, a Leasehold flat which sold for £347,000 in Dec 2023.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cheviot Close, Banstead, SM7 has a total of 16 addresses. According to our analysis of all the public data, 12A, Cheviot Close, Banstead is the 16th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £328k less expensive than the average property in SM7.
12A, Cheviot Close, Banstead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 May 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 12A, Cheviot Close, 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 12A, Cheviot Close, Banstead, 64.7% of property is privately owned outright and 17.3% is privately 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 12A, Cheviot Close, Banstead, 8.5% of residents are recorded as possessing school level qualifications and 30.4% 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 12A, Cheviot Close, 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 12A, Cheviot Close, 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 12A, Cheviot Close, Banstead, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.