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Banstead House Prices Banstead House Prices

The average house price in Banstead is £716,333 using HM Land Registry data.

The average property price increased by £216,116 (43.88%) over the last 5 years and increased by £43,193 (6.49%) over the last 12 months.

Over the last year, there were 105 residential property sales – a decrease of 25 transactions (-23.81%) relative to the previous year. The majority of house sales (27) were in the £646,000 - £814,000 range. Then came properties in the £478,000 - £646,000 range, where 23 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 91 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-19,748 (-2%).

In April 2024, there were 27 new estate agency instructions, 20 agreed home sales and 22 property price reductions.

Neighbouring Areas: Tadworth and Epsom Downs, Chipstead and Woodmansterne

Postcodes Covered: SM7

5-Year Average Property Prices in Banstead

43.88%

Property prices in Banstead increased by 43.88% 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 Banstead Over the Last Year

6.49%

Property prices in Banstead increased by 6.49% 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 Banstead - April 2024

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 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 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 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 Banstead since 1995

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

Recent Property Sales in Banstead

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
1 Courtlands Crescent, Banstead, Surrey, SM7 2PL£450,000£450,000£0004 Aug 202323 Feb 2024203 Days
20 Buff Avenue, Banstead, Surrey, SM7 2DW£700,000£690,000-£10,00010 May 202319 Dec 2023223 Days
18 Commonfield Road, Banstead, Surrey, SM7 2JZ£775,000£755,000-£20,00029 Aug 202314 Dec 2023107 Days
The Briars, Kenilworth Close, Banstead, Surrey, SM7 2BJ£1,250,000£1,210,000-£40,00017 Apr 202214 Dec 2023606 Days
64 Ferndale Road, Banstead, Surrey, SM7 2EX£600,000£600,000£0029 Aug 202304 Dec 202397 Days
9 Heath Close, Banstead, Surrey, SM7 3QU£1,300,000£1,285,000-£15,00011 Sep 202329 Nov 202379 Days
98 Winkworth Road, Banstead, Surrey, SM7 2QR£700,000£695,000-£5,00016 Aug 202317 Nov 202393 Days
36 Woodmansterne Lane, Banstead, Surrey, SM7 3HE£1,000,000£975,000-£25,00014 Apr 202330 Oct 2023199 Days
35 Colcokes Road, Banstead, Surrey, SM7 2EJ£850,000£810,000-£40,00017 Jul 202316 Oct 202391 Days
5 Barnfield, Banstead, Surrey, SM7 3QS£675,000£675,000£0007 Jun 202313 Oct 2023128 Days
3 Chalk Pit Road, Banstead, Surrey, SM7 2HY£460,000£456,000-£4,00007 Sep 202312 Oct 202335 Days
4 Whiteoaks, Banstead, Surrey, SM7 3SA£1,350,000£980,000-£370,00028 Jan 202328 Sep 2023243 Days
25 Harbourfield Road, Banstead, Surrey, SM7 2DE£750,000£750,000£0029 Mar 202326 Sep 2023181 Days
51 North Acre, Banstead, Surrey, SM7 2EG£600,000£597,500-£2,50004 Jul 202325 Sep 202383 Days
41 Courtlands Crescent, Banstead, Surrey, SM7 2PL£500,000£490,000-£10,00031 May 202312 Sep 2023104 Days
Leeside, Woodmansterne Street, Banstead, Surrey, SM7 3NF£625,000£620,000-£5,00005 Apr 202305 Sep 2023153 Days
41 Wingfield Court, Banstead, Surrey, SM7 2GD£355,000£350,000-£5,00027 Feb 202318 Aug 2023172 Days
49 Courtlands Crescent, Banstead, Surrey, SM7 2PL£425,000£425,000£0027 Apr 202315 Aug 2023110 Days
102 Brighton Road, Banstead, Surrey, SM7 1BU£870,000£850,000-£20,00001 Mar 202314 Aug 2023166 Days
15 Follyfield Road, Banstead, Surrey, SM7 2LA£725,000£715,000-£10,00017 May 202311 Aug 202386 Days

Most Expensive Streets in Banstead

PostcodeStreetAreaAverageNo. of Sales
SM7 3ADFiddicroft AvenueBanstead£1,199,6005
SM7 3HFChalmers RoadBanstead£1,193,3333
SM7 3HGCunningham RoadBanstead£1,107,5006
SM7 2EPMonks RoadBanstead£1,007,5004
SM7 2EAGarratts LaneBanstead£996,5003
SM7 2ERGarrard RoadBanstead£957,4874
SM7 2BJKenilworth CloseBanstead£954,8754
SM7 2BDHolly Hill DriveBanstead£950,3336
SM7 3AELongcroft AvenueBanstead£945,8333
SM7 2BEHolly Lane EastBanstead£943,3333

Least Expensive Streets in Banstead

PostcodeStreetAreaAverageNo. of Sales
SM7 2HUPound RoadBanstead£215,6005
SM7 2NNHigh StreetBanstead£277,0004
SM7 2HJPriory CourtChipstead Road£285,8333
SM7 2JABriarwoodHigh Street, Banstead£289,2857
SM7 3NEStafford CourtKingscroft Road£307,5003
SM7 2AHPalmerston HouseBasing Road£312,6663
SM7 2HSPound RoadBanstead£314,2787
SM7 2LXHigh StreetBanstead£314,5004
SM7 3AAWell HouseWoodmansterne Lane£335,4166
SM7 2ARBolters LaneBanstead£337,11113

Explore Banstead and Neighbouring Area House Prices

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