According to the public record, Flat 7, Elizabeth House, Banstead is a modern leasehold apartment with 764 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 7, Elizabeth House, Banstead has a single entry in the Land Registry database from June 2007 and a single entry in the EPC database dated August 2022.
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 7 Elizabeth House Banstead as £334,644 and the rental value as £1,756 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 7 Elizabeth House Banstead has increased by £7,633 (2.3%) and its rental value has increased by £105 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 7, Elizabeth House, Banstead is in very good condition we estimate a sale value of £351,376 and rental value of £1,844 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £311,219 and a rental value of £1,633 per month.
If you were able to purchase this property for the estimated value of £334,644, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,645 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 7, Elizabeth House, Banstead was last sold on 01 Jun 2007 for £273,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2007, 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 Flat 7, 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 7, Elizabeth House, Banstead is the 58th largest and the 58th most expensive property on the street.
When compared to the postcode district it is £334k less expensive than the average property in SM7.
Flat 7, Elizabeth House, Banstead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Aug 2022.
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 7, 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 7, 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 7, 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 7, 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 7, 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 7, 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.