Flat 1, Palmerston House
Flat 1, Palmerston House
Description & Estimates
Public records show Flat 1, Palmerston House, Banstead to be a modern leasehold apartment with 624 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms with a balcony.
Flat 1, Palmerston House, Banstead has an estimated sale value of £288,600 and an estimated rental value of £1,408 per month, assuming reasonable condition and based on the information available.
The apartment sits within Palmerston House, Basing Road, Banstead, SM7.
Basing Road, Banstead, SM7 lies in the borough of Reigate and Banstead, within the SM7 postal district.
Our Data Sources
Flat 1, Palmerston House, Banstead has a single entry in the Land Registry from January 2018 and a single entry in the EPC database dated September 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate Flat 1, Palmerston House, Banstead would be worth £303,030, with a potential rental value of £1,478 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £268,398, with a rental value of £1,309 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 1, Palmerston House, Banstead has fallen by £1,051 (0.4%) over the last year. During the same period, its estimated monthly rental value has moved up by £62 (4.4%). The property's estimated gross yield is currently 5.9%.
Energy Efficiency
Flat 1, Palmerston House, Banstead has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Sep 2017.
The property is connected to mains gas and has full secondary glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
Flat 1, Palmerston House, Banstead last changed hands on 26th January 2018, selling for £253,150. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 15.8% since January 2018.
- Sold Jan 2018£253,150
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 720 metres of Flat 1, Palmerston House, Banstead across the last 2 years.
Most recently, Flat 2, Palmerston House, Basing Road, Banstead, SM7 2AH, a leasehold flat, sold at £160,000 on the 12th June 2025.
Read more about house prices in SM7.
- Sold Jun 2025£160,000 | 2 Bed FlatPalmerston House, Basing RoadFlat 2, Palmerston House, Basing Road, Banstead, SM7 2AH
- Sold Feb 2025£300,000 | 2 Bed FlatMacmillan House, Basing RoadFlat 1, Macmillan House, Basing Road, Banstead, SM7 2AQ
- Sold May 2024£315,000 | 2 Bed FlatPalmerston House, Basing RoadFlat 6, Palmerston House, Basing Road, Banstead, SM7 2AH
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks Flat 1, Palmerston House, Banstead as the 39th largest and the 41st most expensive of the 43 addresses on Basing Road, Banstead, SM7.
Against the SM7 postcode district average, it is £370k less expensive than the typical property.
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Schools Nearby
- 300mBanstead Community Junior School
- 300mBanstead Infant School and Nursery
- 700mSt Anne's Catholic Primary School
- 1.1kmThe Beacon School
- 2.7kmHarris Academy Sutton
- 3.2kmOverton Grange School
More reading links
Public Transport Nearby
Banstead station is the nearest stop to Flat 1, Palmerston House, Banstead at 600 metres away.
- 600mBanstead
- 2.1kmEpsom Downs
- 2.2kmBelmont
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
