According to the public record, Flat 5, Kereg Court 40, Banstead is a modern leasehold apartment with 1,216 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Kereg Court, Fir Tree Road, Banstead, SM7.
Fir Tree Road, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
Flat 5, Kereg Court 40, Banstead has a single entry in the Land Registry database from November 2020 and a single entry in the EPC database dated May 2019.
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 good condition, we estimate the current sale value for Flat 5 Kereg Court 40 Banstead as £504,489 and the rental value as £2,462 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of Flat 5 Kereg Court 40 Banstead has increased by £18,355 (3.6%) and its rental value has increased by £183 per month (7.4%).
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 Flat 5, Kereg Court 40, Banstead is in very good condition we estimate a sale value of £529,714 and rental value of £2,586 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £469,175 and a rental value of £2,290 per month.
If you were able to purchase this property for the estimated value of £504,489, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,479 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 5, Kereg Court 40, Banstead was last sold on 11 Nov 2020 for £415,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2020, the market for similar properties has risen 4.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Kereg Court 40, Banstead within a radius of 840 metres over the last 2 years.
The most recent example is Flat 3, Kereg Court 40, Fir Tree Road, Banstead, SM7 1NG, a Leasehold flat which sold for £467,500 in Aug 2019.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fir Tree Road, Banstead, SM7 has a total of 85 addresses. According to our analysis of all the public data, Flat 5, Kereg Court 40, Banstead is the 62nd largest and the 68th most expensive property on the street.
When compared to the postcode district it is £164k less expensive than the average property in SM7.
Flat 5, Kereg Court 40, Banstead has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 31 May 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 5, Kereg Court 40, Banstead is Banstead station which is 500 metres 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 5, Kereg Court 40, Banstead, 52.1% of property is privately owned outright and 44.2% 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 Flat 5, Kereg Court 40, Banstead, 14.4% of residents are recorded as possessing school level qualifications and 40.7% 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 5, Kereg Court 40, Banstead, the average age was 42.7 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 5, Kereg Court 40, Banstead, 1.5% 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 5, Kereg Court 40, Banstead, there are an average of 1.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.