According to the public record, The Gables, Gables Way 48, Banstead is a modern freehold house with 2,604 ft2 of internal area and sits on a 955 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Brighton Road, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
The Gables, Gables Way 48, Banstead has 21 entries in the Land Registry database, most recently in May 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 reasonable condition, we estimate the current sale value for The Gables Gables Way 48 Banstead as £1,220,062 and the rental value as £3,984 per month giving an expected gross yield of 3.9%.
Over the last 12 months the sale value of The Gables Gables Way 48 Banstead has decreased by £5,509 (0.5%) and its rental value has increased by £131 per month (3.3%).
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 The Gables, Gables Way 48, Banstead is in very good condition we estimate a sale value of £1,281,065 and rental value of £4,183 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,134,658 and a rental value of £3,705 per month.
If you were able to purchase this property for the estimated value of £1,220,062, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £5,996 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, The Gables, Gables Way 48, Banstead sits on a plot of 955m2.
We have plot size data on 5 out of 5 other houses in the postcode and The Gables, Gables Way 48, Banstead sits on the largest plot.
According to HM Land Registry, The Gables, Gables Way 48, Banstead was last sold on 15 May 2020 for £1,100,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since May 2020, the market for similar properties has risen 10.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to The Gables, Gables Way 48, Banstead within a radius of 810 metres over the last 2 years.
The most recent example is 7, Tudor Close, Banstead, SM7 1HQ, a Freehold house which sold for £1,290,000 in Nov 2023.
Read more about house prices in SM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Brighton Road, Banstead, SM7 has a total of 124 addresses. According to our analysis of all the public data, The Gables, Gables Way 48, Banstead is the 5th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £552k more expensive than the average property in SM7.
The Gables, Gables Way 48, Banstead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 May 2019.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to The Gables, Gables Way 48, Banstead is Banstead station which is 1.4 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 The Gables, Gables Way 48, Banstead, 47.8% of property is privately owned with a mortgage and 41.6% 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 The Gables, Gables Way 48, Banstead, 18.5% of residents are recorded as possessing school level qualifications and 38.9% 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 The Gables, Gables Way 48, Banstead, the average age was 45.1 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 The Gables, Gables Way 48, Banstead, 1.9% 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 The Gables, Gables Way 48, 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.