Flat 2, Chipstead House 9
Flat 2, Chipstead House 9
Description & Estimates
Flat 2, Chipstead House 9, Banstead appears in the public record as a leasehold apartment.
We estimate it to be a modern apartment with 724 ft2 of internal area by comparing it to nearby properties.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 2, Chipstead House 9, Banstead is £324,826 and its rental estimate is £1,532 per month, given the available information and assuming reasonable condition.
Chipstead House, Magnolia Drive is a residential building on Magnolia Drive, Banstead, SM7 and falls within the SM7 postal district and the borough of Reigate and Banstead.
Our Data Sources
Flat 2, Chipstead House 9, Banstead has a single entry in the Land Registry from July 2012 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 2, Chipstead House 9, Banstead, we estimate a market value of £341,067 and a rental value of £1,609 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £302,088 and £1,425 per month respectively.
Recent Market Change
Over the last year, Flat 2, Chipstead House 9, Banstead has seen its estimated sale value drop by £667 (0.2%) and its estimated rental value rise by £70 per month (4.6%). This results in an estimated gross rental yield of 5.7%.
Sold Prices
The most recent sale of Flat 2, Chipstead House 9, Banstead completed on 3rd July 2012 at £220,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 34.7% over the period since July 2012.
- Sold Jul 2012£220,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 2, Chipstead House 9, Banstead have sold within a radius of 670 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 29th August 2025, was Flat 6, Birchwood House 11, Magnolia Drive, Banstead, SM7 1BJ, a leasehold flat which sold for £325,000.
Read more about house prices in SM7.
- Sold Aug 2025£325,000 | 2 Bed FlatFlat 6, Birchwood House 11, Magnolia Drive, Banstead, SM7 1BJFlat 6, Birchwood House 11, Magnolia Drive, Banstead, SM7 1BJ
- Sold Dec 2024£295,000 | 2 Bed FlatFlat 6, Buckle House 1, Hurley Close, Banstead, SM7 1BQFlat 6, Buckle House 1, Hurley Close, Banstead, SM7 1BQ
- Sold May 2024£330,000 | 2 Bed FlatFlat 7, Park Wood House 10, Magnolia Drive, Banstead, SM7 1BHFlat 7, Park Wood House 10, Magnolia Drive, Banstead, SM7 1BH
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 36 addresses on Magnolia Drive, Banstead, SM7, Flat 2, Chipstead House 9, Banstead comes out as the 23rd largest and the 24th most expensive in our analysis of the public data.
It is also £334k less expensive than the average property across the SM7 district.
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Schools Nearby
- 300mBanstead Infant School and Nursery
- 400mBanstead Community Junior School
- 600mSt Anne's Catholic Primary School
- 500mThe Beacon School
- 3.3kmHarris Academy Sutton
- 3.8kmOverton Grange School
More reading links
Public Transport Nearby
From Flat 2, Chipstead House 9, Banstead, the nearest station is Banstead, 1.1 kilometres away.
- 1.1kmBanstead
- 1.9kmEpsom Downs
- 2.4kmTattenham Corner
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
