10,173 recorded transactions · Part of Reigate and Banstead
Compare with another area →Key indicators for buyers
The SM7 market is moderately favourable for buyers. Prices have softened (-22.4%), which could present a buying opportunity. Affordability has improved from a peak of 14.2x in 2022 to 11.1x today. Rising rents (£1,624/mo, +3.1%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Reigate and Banstead area
A home in Reigate and Banstead costs 11.1x the local median salary — very stretched, improving from a peak of 14.2x in 2022.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Reigate and Banstead area
Average monthly rent in Reigate and Banstead is £1,624, up 3.1% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Reigate and Banstead price of £526,562 with a 25% deposit (£132k), a 2-year fixed mortgage at 3.97% costs around £2,078 per month.
Monthly cost comparison based on current data
Uses SM7 avg. price with Reigate and Banstead rental data
Monthly mortgage payments (£2,078) are £454 more than renting (£1,624). However, buying requires an upfront deposit of £132k — it would take around 14 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
5, LYME REGIS ROAD SM7 2EY | Flat/Maisonette | £377,000 | 26 Jan 2026 |
2, BRIARWOOD, HIGH STREET SM7 2JA | Flat/Maisonette | £345,000 | 23 Jan 2026 |
10, WARREN ROAD SM7 1LA | Detached | £705,000 | 16 Jan 2026 |
19, CASTLETON CLOSE SM7 2JN | Flat/Maisonette | £405,000 | 12 Jan 2026 |
7, SHELLEY CLOSE SM7 1EE | Detached | £800,000 | 8 Jan 2026 |
18, ROWAN CLOSE SM7 1BL | Semi-detached | £527,369 | 8 Jan 2026 |
FLAT 30, ELIZABETH HOUSE, ELIZABETH DRIVE SM7 2FE | Flat/Maisonette |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in SM7 sold for £526,562 in 2026, with a median of £466,184.5 across 6 transactions. Prices fell 22.4% compared to the previous year.
| £315,000 |
| 19 Dec 2025 |
79, RECTORY LANE SM7 3PE | Semi-detached | £370,000 | 19 Dec 2025 |
18, HARBOURFIELD ROAD SM7 2DE | Semi-detached | £620,000 | 17 Dec 2025 |
4, MINT COTTAGES, PARK ROAD SM7 3DS | Terraced | £250,000 | 16 Dec 2025 |
21, FORGE STEADING SM7 2DT | Flat/Maisonette | £335,000 | 16 Dec 2025 |
32, THE DRIFTWAY SM7 1LX | Detached | £585,000 | 15 Dec 2025 |
FLAT 29, PEGASUS COURT, 6, BOLTERS LANE SM7 2AR | Flat/Maisonette | £335,000 | 15 Dec 2025 |
15, THE LAURELS SM7 2HG | Detached | £660,000 | 12 Dec 2025 |
27, PRESTBURY CRESCENT SM7 3PJ | Semi-detached | £550,000 | 12 Dec 2025 |
41, WOODMANSTERNE STREET SM7 3NQ | Detached | £635,000 | 12 Dec 2025 |
8, PARSONSFIELD CLOSE SM7 1JT | Semi-detached | £545,000 | 10 Dec 2025 |
19, GREAT ELLSHAMS SM7 2BA | Detached | £775,000 | 5 Dec 2025 |
44, YEWLANDS CLOSE SM7 3DB | Detached | £1,200,000 | 5 Dec 2025 |
13, FORGE STEADING SM7 2DT | Flat/Maisonette | £336,000 | 5 Dec 2025 |
The most recent recorded sale in SM7 was a flat/maisonette property on Lyme Regis Road for £377,000 in January 2026. Across the last 20 sales, the median price was £545,000.