According to the public record, 17A, Lyme Regis Road, Banstead is a period leasehold apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 17, Lyme Regis Road, Banstead, SM7.
Lyme Regis Road, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
17A, Lyme Regis Road, Banstead has 31 entries in the Land Registry database, most recently in October 2012 and a single entry in the EPC database dated April 2024.
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 17A Lyme Regis Road Banstead as £286,640 and the rental value as £1,548 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 17A Lyme Regis Road Banstead has increased by £7,063 (2.5%) and its rental value has increased by £98 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 17A, Lyme Regis Road, Banstead is in very good condition we estimate a sale value of £300,972 and rental value of £1,626 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £266,576 and a rental value of £1,440 per month.
If you were able to purchase this property for the estimated value of £286,640, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,409 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, 17A, Lyme Regis Road, Banstead was last sold on 10 Oct 2012 for £164,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2012, the market for similar properties has risen 49.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 17A, Lyme Regis Road, Banstead within a radius of 800 metres over the last 2 years.
The most recent example is 23, Lyme Regis Road, Banstead, SM7 2EY, a Leasehold flat which sold for £265,000 in Aug 2021.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lyme Regis Road, Banstead, SM7 has a total of 68 addresses. According to our analysis of all the public data, 17A, Lyme Regis Road, Banstead is the 60th largest and the 54th most expensive property on the street.
When compared to the postcode district it is £382k less expensive than the average property in SM7.
17A, Lyme Regis Road, Banstead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Apr 2024.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 17A, Lyme Regis Road, Banstead is Banstead station which is 1.5 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 17A, Lyme Regis Road, Banstead, 31.1% of property is privately owned outright and 26.9% 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 17A, Lyme Regis Road, Banstead, 16.8% of residents are recorded as possessing school level qualifications and 33.9% 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 17A, Lyme Regis 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 17A, Lyme Regis Road, Banstead, 0.4% 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 17A, Lyme Regis Road, Banstead, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.