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Property Price Trends
Croydon Lane, Banstead, Surrey
SM7 3AG Reigate and Banstead District (B)
What are the historical property price trends?
Explore the yearly trends in property prices for the SM7 postcode district in the UK. Stay informed and make smart real estate decisions based on the accurate, analysed data.
Property Price Trends
SM7
Most Expensive Property
£1,480,000
38 High Street, SM7 2LU
Sold: 14 July 2023
Cheapest Property
£315,300
8 Lancaster Court, SM7 1RR
Sold: 08 December 2023
£476,000
The average house price in Reigate and Banstead was £476,000 in November 2024 (provisional), up 3.0% from November 2023. This was higher than the rise in the South East (1.4%) over the same period.
£1,558
Private rents rose to an average of £1,558 in December 2024, an annual increase of 7.9% from £1,443 in December 2023. This was similar to the rise in the South East over the year.
£368,000
The average price paid by first-time buyers was £368,000 in November 2024 (provisional). This was 3.9% higher than the average of £354,000 in November 2023 (revised).
£488,000
For homes bought with a mortgage, the average house price was £488,000 in November 2024 (provisional). This was 3.0% higher than the average of £473,000 in November 2023 (revised).
Data last updated: 17 Feb 2025. Data extracted from ONS housing prices/rents: inflation and price indices by local authority (Reigate and Banstead, E07000211). Rent estimates are provisional, and are for the latest 2 months.
Local House Price Trends
Have property prices been rising or falling in SM7 3AG?
The graph below shows the five-year capital growth figures for properties for the SM7 postcode district. Figures show year-on-year capital growth and not accumulative growth over the five-year period.
Compare House Price Trends
Enter a postcode below to compare the property prices in SM7 with any other UK postcode:
Regional Property Analysis
What trends is the property market seeing in Surrey?
For Homebuyers:
For homebuyers in Surrey, the property market has been showing steady growth in house prices over the past few years. According to the latest data, the average house price in Surrey is £567,695, with popular areas such as Guildford (GU1) seeing an average price of £527,982 and Weybridge (KT13) at £921,091. The availability of properties for sale in Surrey is relatively low, with a limited stock of homes on the market. However, the demand for properties in desirable areas remains high, driving competition among buyers. Overall, Surrey continues to be a sought-after location for homebuyers looking for high-quality properties in a desirable location.
For Renters:
Renters in Surrey are facing increasing rent prices, with the average rental price in Surrey standing at £1,500 per month. Areas such as Epsom (KT17) and Reigate (RH2) are popular among renters, with average rents of £1,200 and £1,500 respectively. Availability of rental properties in Surrey is limited, with a high demand for rental accommodation in desirable areas. However, there is a range of rental properties available, from apartments to family homes, to cater to different needs and preferences. Despite the competitive rental market, Surrey remains an attractive option for renters looking for high-quality accommodation in a desirable location.
For Investors:
For investors looking to enter the property market in Surrey, there are opportunities for capital growth and rental income. With average house prices on the rise, investing in properties in areas such as Woking (GU22) and Farnham (GU9) can provide good returns. Rental yields in Surrey are relatively high, with an average yield of 4-5%. The limited availability of properties for sale in Surrey means that competition among investors can be fierce, but with the right investment strategy, there are opportunities to secure profitable properties. Overall, Surrey remains a popular choice for investors looking to capitalise on the strong housing market in the area.
For Homebuyers:
For homebuyers in Surrey, the property market has been showing steady growth in house prices over the past few years. According to the latest data, the average house price in Surrey is £567,695, with popular areas such as Guildford (GU1) seeing an average price of £527,982 and Weybridge (KT13) at £921,091. The availability of properties for sale in Surrey is relatively low, with a limited stock of homes on the market. However, the demand for properties in desirable areas remains high, driving competition among buyers. Overall, Surrey continues to be a sought-after location for homebuyers looking for high-quality properties in a desirable location.
For Renters:
Renters in Surrey are facing increasing rent prices, with the average rental price in Surrey standing at £1,500 per month. Areas such as Epsom (KT17) and Reigate (RH2) are popular among renters, with average rents of £1,200 and £1,500 respectively. Availability of rental properties in Surrey is limited, with a high demand for rental accommodation in desirable areas. However, there is a range of rental properties available, from apartments to family homes, to cater to different needs and preferences. Despite the competitive rental market, Surrey remains an attractive option for renters looking for high-quality accommodation in a desirable location.
For Investors:
For investors looking to enter the property market in Surrey, there are opportunities for capital growth and rental income. With average house prices on the rise, investing in properties in areas such as Woking (GU22) and Farnham (GU9) can provide good returns. Rental yields in Surrey are relatively high, with an average yield of 4-5%. The limited availability of properties for sale in Surrey means that competition among investors can be fierce, but with the right investment strategy, there are opportunities to secure profitable properties. Overall, Surrey remains a popular choice for investors looking to capitalise on the strong housing market in the area.
Last updated on 30 Apr 2025. Property market analysis is based on official data, and interpreted using neural networks (machine learning model), and subject to our Terms and Conditions.
Yield for SM7 3AG
Estimated yield for property investors
1.84%
Yield
The estimated yield for the SM7 3AG postcode area is 1.84%, compared to the national average yield of 3.8%.
View yield analysisHouse price affordability
Use this graph to view the housing affordability ratio data, as well as median house prices and household earnings in England and Wales, from 1997-2024.
Property sales
What houses have been sold in SM7 3AG?
The recently sold properties table lists homes around SM7 3AG that have been recorded by HM Land Registry, and their sold prices.
Price paid information is not personal, but property-related information. All commercial transactions, sales that have not been lodged with HM Land Registry or sales that were not for full market value are excluded.
| Date | Price | Property Address | Property Type | Estate Type |
|---|---|---|---|---|
| 29 February 2024 | £425,000 | 27 The Tracery, Banstead, SM7 3DD | Terraced | Leasehold |
| 07 August 2023 | £430,000 | 24 Carshalton Road, Banstead, SM7 3HR | Terraced | Freehold |
| 01 December 2023 | £845,000 | 240 Chipstead Way, Woodmansterne, Banstead, SM7 3LQ | Detached | Freehold |
Nearby sold properties | ||||
| 02 May 2023 | £575,000 | 2 Hurley Close, Banstead, SM7 1BQ | Semi-Detached | Freehold |
| 03 November 2023 | £555,000 | 6 Acer Close, Banstead, SM7 1DD | Semi-Detached | Freehold |
| 08 December 2022 | £600,000 | 54 Partridge Mead, Banstead, SM7 1LP | Semi-Detached | Freehold |
| 06 December 2023 | £870,000 | 5 High Beeches, Banstead, SM7 1NB | Detached | Freehold |
| 01 December 2023 | £530,000 | 13 Cypress Way, Banstead, SM7 1NN | Detached | Freehold |
| 03 November 2023 | £1,425,000 | 64 Higher Drive, Banstead, SM7 1PQ | Detached | Freehold |
| 08 December 2023 | £315,300 | 8 Lancaster Court, Banstead, SM7 1RR | Flat/Maisonette | Leasehold |
| 31 March 2023 | £484,000 | Priory House Flat 24 Bolters Lane, Banstead, SM7 2AJ | Flat/Maisonette | Leasehold |
| 30 June 2023 | £567,500 | Priory House Flat 40 Bolters Lane, Banstead, SM7 2AJ | Flat/Maisonette | Leasehold |
| 05 July 2023 | £514,500 | Priory House Flat 2 Bolters Lane, Banstead, SM7 2AJ | Flat/Maisonette | Leasehold |
| 14 November 2022 | £1,015,000 | 16 Holly Hill Drive, Banstead, SM7 2BD | Detached | Freehold |
| 14 December 2023 | £1,210,000 | The Briars Kenilworth Close, Banstead, SM7 2BJ | Detached | Freehold |
| 13 December 2023 | £1,060,000 | 34 Garrard Road, Banstead, SM7 2ER | Detached | Freehold |
| 23 February 2024 | £467,500 | 32 Diceland Road, Banstead, SM7 2ET | Terraced | Freehold |
| 04 December 2023 | £600,000 | 64 Ferndale Road, Banstead, SM7 2EX | Detached | Freehold |
| 18 August 2023 | £350,000 | 41 Wingfield Court, Banstead, SM7 2GD | Flat/Maisonette | Leasehold |
| 18 August 2023 | £350,000 | 41 Wingfield Court, Banstead, SM7 2GD | Flat/Maisonette | Leasehold |
| 11 March 2024 | £780,000 | 19 Commonfield Road, Banstead, SM7 2JR | Semi-Detached | Freehold |
| 14 December 2023 | £755,000 | 18 Commonfield Road, Banstead, SM7 2JZ | Semi-Detached | Freehold |
| 14 July 2023 | £1,480,000 | 38 High Street, Banstead, SM7 2LU | Other | Freehold |
| 26 June 2023 | £450,000 | 40 Courtlands Crescent, Banstead, SM7 2PJ | Flat/Maisonette | Leasehold |
Please note that house prices for properties sold in and around SM7 3AG during this period do not reflect current values of properties in this postcode area, they are the prices paid at the time of sale. Prices paid is property price data for single residential property sales in England and Wales, sold on the market at full market value, and lodged with the Land Registry for registration.
For more information about the statistical data sets contained on this page, visit https://www.gov.uk/government/statistical-data-sets.
Average monthly mortgage payments
Data on this page contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0. Property data and analysis from PropertyData.co.uk.
Statistical Data Sets
Statistics extracted are from the UK House Price Index, published each month from HM Land Registry, and broken down into Country, Region, and County level.
All content is available under the Open Government Licence v3.0, except where otherwise stated
