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House Prices in SM7 House Prices in SM7 (Banstead)

The average house price in SM7 (Banstead) is £563,921 using HM Land Registry data.

The average property price increased by £147,588 (18.5%) over the last 5 years and increased by £29,572 (2.94%) over the last 12 months.

Over the last year, there were 166 residential property sales – a decrease of 76 transactions (-45.78%) relative to the previous year. The majority of house sales (44) were in the £510,000 - £680,000 range. Then came properties in the £680,000 - £850,000 range, where 36 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 95 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-19,748 (-2%).

In Oct 24, there were 38 new estate agency instructions, 20 agreed home sales and 21 property price reductions.

Nearby Postcodes: CR3, CR4, CR5, CR8, KT17, KT18, KT19, KT20, KT21, KT22, KT4, RH1, RH2, RH3, RH4, RH5, SM1, SM2, SM3, SM4, SM5, SM6

5-Year Average Property Prices in SM7 (Banstead)

18.5%

Property prices in Banstead increased by 18.5% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in SM7 (Banstead) Over the Last Year

2.94%

Property prices in Banstead increased by 2.94% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for SM7 (Banstead) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in SM7 (Banstead)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in SM7 (Banstead)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in SM7 (Banstead)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the SM7 (Banstead) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SM7 postcode area since 1995.

Recent Sales in SM7 (Banstead)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
3 Tudor Close, Banstead, Surrey, SM7 1HQ£1,300,000£1,250,000-£50,00003 May 202409 Aug 202498 Days
26 Buff Avenue, Banstead, Surrey, SM7 2DW£700,000£695,000-£5,00026 Feb 202409 Aug 2024165 Days
112 Greenhayes Avenue, Banstead, Surrey, SM7 2JQ£825,000£825,000£0009 Nov 202309 Aug 2024274 Days
65 Wilmot Way, Banstead, Surrey, SM7 2QA£725,000£695,000-£30,00006 Mar 202426 Jul 2024142 Days
Flat 14, Palmerston House, Basing Road, Banstead, Surrey, SM7 2AH£290,000£280,000-£10,00026 Jan 202425 Jul 2024181 Days
126 Chipstead Way, Woodmansterne, Banstead, Surrey, SM7 3JR£525,000£520,000-£5,00004 Mar 202419 Jul 2024137 Days
73 High Beeches, Banstead, Surrey, SM7 1NW£850,000£850,000£0006 Mar 202412 Jul 2024128 Days
6 The Tracery, Banstead, Surrey, SM7 3DD£550,000£537,500-£12,50025 Jan 202428 Jun 2024155 Days
41 Warren Road, Banstead, Surrey, SM7 1LG£695,000£675,000-£20,00029 Nov 202324 Jun 2024208 Days
10 Grange Meadow, Banstead, Surrey, SM7 3RD£835,000£800,000-£35,00014 Mar 202414 Jun 202492 Days
17 Higher Drive, Banstead, Greater London, SM7 1PL£1,800,000£1,792,500-£7,50014 Feb 202414 Jun 2024121 Days
24 Palmersfield Road, Banstead, Surrey, SM7 2LD£599,950£577,500-£22,45009 Sep 202314 Jun 2024279 Days
231 Chipstead Way, Woodmansterne, Banstead, Surrey, SM7 3JN£735,000£725,000-£10,00010 Jan 202412 Jun 2024154 Days
4 Manor Way, Banstead, Surrey, SM7 3PF£450,000£440,000-£10,00002 Aug 202303 Jun 2024306 Days
89 High Beeches, Banstead, Surrey, SM7 1NW£600,000£590,000-£10,00027 Sep 202330 May 2024246 Days
Silverwood, Croydon Lane, Banstead, Surrey, SM7 3AT£1,250,000£1,225,000-£25,00014 Feb 202421 May 202497 Days
14 Partridge Mead, Banstead, Surrey, SM7 1LS£599,950£599,950£0008 Feb 202413 May 202495 Days
56 Hillside, Banstead, Surrey, SM7 1HF£750,000£731,425-£18,57509 Sep 202310 May 2024244 Days
11 Courtlands Crescent, Banstead, Surrey, SM7 2PL£500,000£500,000£0007 Sep 202325 Apr 2024231 Days
98 Courtlands Crescent, Banstead, Surrey, SM7 2PJ£275,000£250,000-£25,00018 Oct 202325 Apr 2024190 Days

Most Expensive Streets in SM7 (Banstead)

PostcodeStreetAreaAverageNo. of Sales
SM7 2AYHolly LaneBanstead£1,450,0003
SM7 1PLHigher DriveBanstead£1,412,7504
SM7 1PQHigher DriveBanstead£1,335,8336
SM7 3HFChalmers RoadBanstead£1,260,0003
SM7 1PSHigher DriveBanstead£1,233,7504
SM7 3ADFiddicroft AvenueBanstead£1,199,6005
SM7 1HQTudor CloseBanstead£1,120,8336
SM7 3HGCunningham RoadBanstead£1,107,5006
SM7 1DFThe DriveBanstead£1,081,6663
SM7 1HNNork WayBanstead£1,065,0004

Least Expensive Streets in SM7 (Banstead)

PostcodeStreetAreaAverageNo. of Sales
SM7 2HUPound RoadBanstead£215,6005
SM7 2NNHigh StreetBanstead£267,0004
SM7 1RRLancaster CourtBanstead£283,1336
SM7 2HJPriory Court, Chipstead RoadBanstead£285,8333
SM7 2JABriarwood, High Street, BansteadBanstead£289,2857
SM7 3NEStafford Court, Kingscroft RoadBanstead£307,5003
SM7 2PBTyrolean Court, Avenue RoadBanstead£309,1663
SM7 2LXHigh StreetBanstead£319,3333
SM7 2HSPound RoadBanstead£321,6586
SM7 2ARBolters LaneBanstead£328,74510

Explore SM7 (Banstead) using map

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