According to the public record, Highfield Cottage, Banstead is a mid-century freehold house with 825 ft2 of internal area and sits on a 2,040 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Highfield, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
Highfield Cottage, Banstead has 2 entries in the Land Registry database, most recently in December 2011 and a single entry in the EPC database dated April 2011.
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 Highfield Cottage Banstead as £689,440 and the rental value as £2,380 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of Highfield Cottage Banstead has increased by £20,814 (3.0%) and its rental value has increased by £152 per month (6.4%).
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 Highfield Cottage, Banstead is in very good condition we estimate a sale value of £723,911 and rental value of £2,499 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £641,179 and a rental value of £2,213 per month.
If you were able to purchase this property for the estimated value of £689,440, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,388 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 data from HM Land Registry, Highfield Cottage, Banstead sits on a plot of 2040m2.
We have plot size data on 12 out of 17 other houses in the postcode and Highfield Cottage, Banstead sits on the 3rd largest plot.
According to HM Land Registry, Highfield Cottage, Banstead was last sold on 01 Dec 2011 for £585,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2011, the market for similar properties has risen 82.6%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to Highfield Cottage, Banstead within a radius of 1.2 kilometres over the last 2 years.
The most recent example is 10, Old Oak Avenue, Coulsdon, CR5 3PG, a Freehold house which sold for £607,500 in Oct 2019.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Highfield, Banstead, SM7 has a total of 17 addresses. According to our analysis of all the public data, Highfield Cottage, Banstead is the 17th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £21k more expensive than the average property in SM7.
Highfield Cottage, Banstead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Apr 2011.
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 Highfield Cottage, Banstead is Chipstead 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 Highfield Cottage, Banstead, 39.3% of property is privately owned with a mortgage and 29.1% 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 Highfield Cottage, Banstead, 24.0% of residents are recorded as possessing school level qualifications and 37.3% 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 Highfield Cottage, Banstead, the average age was 41.6 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 Highfield Cottage, Banstead, 2.8% 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 Highfield Cottage, 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.