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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, 31, Garratts Lane, Banstead is a early-century freehold house with 2,120 ft2 of internal area and sits on a 641 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 31, Garratts Lane, Banstead is £935,570 and the estimated rental value is £3,410 per month.
Garratts Lane, Banstead, SM7 is located in the borough of Reigate and Banstead within the SM7 postal district.
31, Garratts Lane, Banstead has 2 entries in the Land Registry , most recently in January 2022 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.
The local information is scored as 1 out of 5 and is considered of low accuracy.
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 31, Garratts Lane, Banstead is in very good condition we estimate a sale value of £982,349 and a rental value of £3,581 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £870,080 and a rental value of £3,172 per month.
Over the last 12 months the sale value of 31 Garratts Lane Banstead has decreased by an estimated £35,052 (3.7%) and its rental value has increased by an estimated £81 per month (2.4%), giving an expected gross yield of 4.4%.
According to data from HM Land Registry, 31, Garratts Lane, Banstead sits on a plot of 641m2.
We have plot size data on 16 out of 18 other houses in the postcode and 31, Garratts Lane, Banstead sits on the 16th largest plot.
31, Garratts Lane, Banstead has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Sep 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 31, Garratts Lane, Banstead was last sold on 28th January 2022 for £1,057,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since January 2022, the market for similar properties has dropped 17.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 31, Garratts Lane, Banstead within a radius of 650 metres over the last 2 years.
The most recent example is 3, Burgh Wood, Banstead, SM7 1EW, a freehold house which sold for £960,000 on the 11th April 2024.
Read more about house prices in SM7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Garratts Lane, Banstead, SM7 has a total of 63 addresses. According to our analysis of all the public data, 31, Garratts Lane, Banstead is the 21st largest and the 31st most expensive property on the street.
When compared to the postcode district it is £282k more expensive than the average property in SM7.
The closest station to 31, Garratts Lane, Banstead is Banstead station which is 1.2 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 31, Garratts Lane, Banstead, 62.9% of property is privately owned outright and 29.0% is privately owned with a mortgage.
The graph below shows how this compares to South East 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 31, Garratts Lane, Banstead, 17.4% of residents are recorded as possessing school level qualifications and 48.4% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 31, Garratts Lane, Banstead, the average age was 44.8 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 31, Garratts Lane, Banstead, 4.9% 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 31, Garratts Lane, 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.
