The Gables, Banstead, SM7

Street Guide For The Gables, Banstead, SM7

 

The Gables, Banstead, SM7 Map

Estimated Price: £420,791
Average Asking Price: £546,072
Price change in last one year: £42,589
Average Price Paid: £297,916
Average Rent Rates: £2,042

 

Property Prices Breakdown in The Gables, Banstead, SM7

Average Price for property in The Gables, Banstead, SM7 is around £420,791 which varies based on type of property you are interested in and ranges from £401,364 for semi-detached to around £537,351 for terraced house. Values have been changing and have risen £5,467 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £16,610 in last 6 months, £42,589 in last 1 year, £72,311 in last 2 years, £76,200 in last 3 years, £87,096 in last 4 years and £79,152 in last 5 years.

Currently average asking price of a property in The Gables, Banstead, SM7 is around £546,072 based on approximately 2 properties for sale. Same is the case with rental options based on 25 properties up for rent, average asking rent is around £2,042 per month.

Estimated property value in The Gables, Banstead, SM7 is £420,791. Average asking price is £546,072 while average price paid is £361,250 which is up by £42,589 and Avg. asking rent £2,042.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in The Gables, Banstead, SM7 area. In last 1 year alone average price buyer paid is around £361,250 based on approximately 2 sales in The Gables, Banstead, SM7 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £319,375. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £297,916 for 6 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £297,916 per sale.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £489,000, £493,689 for a 3 bedroom house, £635,283 for a 4 bedroom house and £858,999 for a 5 bedroom house. For a flat similarly the prices varies from £244,975 for a single bedroom to £341,656 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £385,000. To sum up the asking prices for properties in The Gables, Banstead, SM7 it comes to around average £244,975 for 1 bedroom property, £394,279 for 2 bedroom, £483,171 for 3 bedroom, £635,283 for 4 bedroom and £858,999 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £1,326 for 2 bedroom to £1,751 for 3 bedroom, £2,117 for 4 bedroom and £3,000 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £875. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,166. You should be generally be expecting around average £875 rent per month for single bedroom property, £1,189 for 2 bedroom, £1,751 for 3 bedroom, £2,117 for 4 bedroom and approximately £3,000 for a 5 bedroom property in The Gables, Banstead, SM7 area.

Popular Houses in The Gables, Banstead, SM7

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around The Gables, Banstead, SM7