According to the public record, Flat 23, Elizabeth House, Banstead is a modern leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Elizabeth House, Elizabeth Drive, Banstead, SM7.
Elizabeth Drive, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
Flat 23, Elizabeth House, Banstead has 2 entries in the Land Registry database, most recently in April 2021 and a single entry in the EPC database dated September 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 Flat 23 Elizabeth House Banstead as £332,185 and the rental value as £1,746 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 23 Elizabeth House Banstead has increased by £7,577 (2.3%) and its rental value has increased by £104 per month (6.0%).
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 Flat 23, Elizabeth House, Banstead is in very good condition we estimate a sale value of £348,795 and rental value of £1,834 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £308,932 and a rental value of £1,624 per month.
If you were able to purchase this property for the estimated value of £332,185, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,633 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, Flat 23, Elizabeth House, Banstead was last sold on 01 Apr 2021 for £275,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2021, the market for similar properties has risen 4.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 23, Elizabeth House, Banstead within a radius of 1.6 kilometres over the last 2 years.
The most recent example is Flat 5, Elizabeth House, Elizabeth Drive, Banstead, SM7 2FE, a Leasehold flat which sold for £272,500 in May 2022.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Elizabeth Drive, Banstead, SM7 has a total of 109 addresses. According to our analysis of all the public data, Flat 23, Elizabeth House, Banstead is the 61st largest and the 60th most expensive property on the street.
When compared to the postcode district it is £336k less expensive than the average property in SM7.
Flat 23, Elizabeth House, Banstead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Sep 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 23, Elizabeth House, Banstead is Chipstead 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 Flat 23, Elizabeth House, Banstead, 42.3% of property is privately owned with a mortgage and 37.4% 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 Flat 23, Elizabeth House, Banstead, 14.7% of residents are recorded as possessing school level qualifications and 37.9% 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 Flat 23, Elizabeth House, Banstead, the average age was 44.9 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 Flat 23, Elizabeth House, Banstead, 1.4% 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 Flat 23, Elizabeth House, 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.