2 Magnolia Drive, Banstead, SM7 1AW is a freehold semi-detached property built between 2007-2011. The property offers approximately 1,948 square feet of living space. In this location, properties of similar size usually have six bedrooms.

The estimated current market value of the property is £909,505 , which equates to approximately £467 per square foot. It was last sold on 4 Aug 2021 for £785,000. Since then, the value has increased by £124,505, representing a 15.9% increase, or approximately 3.6% per year.

The current estimated value of £909,505 is:

  • 53.5% higher than the average property price on Magnolia Drive
  • 5.7% lower than the average in the SM7 1AW postcode area
  • and 33.0% higher than the average price for Banstead as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 25 February 2021, the property was recorded as owner-occupied.

View sold house prices in SM7 1AW

Building approximate location

About Property

Type
Semi-Detached House
Built
2007-2011
Interior Size
1948 sq ft
Tenure
Freehold
Price (estimate)
£909,505
Price Per sq ft (estimate)
£467
Bedroom Count (estimate)
6 bedrooms

EPC Summary

2 Magnolia Drive, Banstead, Reigate And Banstead, Surrey, SM7 1AW has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 25 Feb 2021.

This property uses a gas boiler with underfloor heating as its main heating source. It is connected to mains gas. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 5 May 2009. The rating of C is unchanged, though the energy efficiency score decreased by 10%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency changing from very good to good, while the heating system type remained the same (boiler and underfloor heating, mains gas).
  • The hot water energy efficiency changing from very good to good, while the system remained as from main system.
  • The lighting was changed from low energy lighting in 42% of fixed outlets to low energy lighting in 31% of fixed outlets, with no change in efficiency (average).
Heating Type
Boiler and underfloor heating, mains gas
Good
Hot Water
From main system
Good
Roof
Pitched, insulated (assumed)
Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in 31% of fixed outlets
Average

Compared to SM7 1AW

8 th / 11
Price Rank
6% lower than average
2 nd / 8
Size Rank
6% bigger than average
8 th / 8
Price Per Sq FT Rank
11% lower than average

Compared to other properties in SM7 1AW , this house's estimated value ranks 8th out of 11. Based on price per square foot, it ranks 8th out of 8 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 2nd out of 8 properties in its postcode area.

Sale History

Today
£909,505
streetscan.co.uk estimate
+16 %
4 Aug 2021
£785,000
Leasehold
+72.5 %
14 Aug 2009
£455,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 6
size: 1787 sq ft
sale price: £520,000
sale date: 18 Oct 2013
rooms: 6
size: 1658 sq ft
sale price: £515,000
sale date: 25 Jul 2013

Data Sources

The property at 2 Magnolia Drive, Banstead, SM7 1AW appears two times in the Land Registry records, with the latest transaction recorded on 4 Aug 2021. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 25 Feb 2021. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.