Auction Watch

SDL Property Auctions Wed 25 Nov Guide £450,000+

SDL Property Auctions auction lot20 South Drive, Banstead, Surrey SM7 3BH

2 bed bungalow (SM7 3BH), for sale by auction with SDL Property Auctions on 25 November 2026. Guide £450,000+.

Finance view and instant termsGet the free reportStreet View ↗

Finance view

Good

Lendable, with points a lender will check first. The loan that fits: Purchase bridge, as this is a home that can be let or sold as it is.

Likely loan
Up to 75% of the priceOn the purchase price
On the expected hammer
About £388,000The guide plus 15%
Example rate
0.75% to 0.95% a monthArrangement fee about 2%

In its favour

  • Inside the M25 (Reigate and Banstead): the area lenders know best
  • Flood zone 1 (low risk)
  • Freehold
  • Sold vacant

What a lender will look at

  • Check No station within a 20-minute walk (nearest: Belmont, 2.0 km)

If you let it

Typical rent about £1,493 a month, a gross yield of 3.5% on the expected hammer. The rent supports a buy-to-let mortgage of about £261,000, 50% of the expected hammer: refinancing out of a bridge needs more cash in, or a sale.

ONS average for a 2-bed home in Reigate and Banstead, Sept 2026. Refinance test: rent covers the interest 125% at a 5.5% stress rate, as lenders test a limited company; personal borrowers are often tested harder.

What a lender will ask you for on a purchase bridge
  • Photo ID and proof of address
  • Proof of your deposit and where it came from
  • The legal pack, read by your solicitor before you bid
  • Your exit plan: sale or refinance, with evidence (comparables, or a mortgage in principle)
  • A valuation, which the lender instructs
Get instant terms on this lot

We have access to lending of up to 75% of the purchase price, with up to 100% of the build cost. Tell us about the lot and we can put you in touch. Ratings and figures are a guide from the published facts, not an offer of finance or advice. Surroundings from OpenStreetMap (© OpenStreetMap contributors); stations from NaPTAN.

Closest comparables

The nearest sales of homes like this one in the last two years, from HM Land Registry, graded the way a lender reads them. 84 similar sales within 1.5 km.

  1. Moderate £650,000 Jun 2026

    15 South Drive, Banstead, SM7 3BQ (semi-detached house)

    The same kind of home, 55 m away, sold 5 months ago.

  2. Strong £600,000 Apr 2026

    25 Fairlawn Grove, Banstead, SM7 3BN (detached house)

    The same kind of home, 179 m away, sold 7 months ago.

  3. Strong £950,000 Dec 2025

    13 South Drive, Banstead, SM7 3BQ (detached house)

    The same kind of home, 55 m away, sold 11 months ago.

On the market now

Asking prices for 2-bed houses in SM7 on the property portals: their listings, opened in a new tab.

Rightmove ↗Zoopla ↗OnTheMarket ↗

Sold prices: HM Land Registry Price Paid data, Crown copyright, Open Government Licence. Floor areas: the EPC register. Contains OS data © Crown copyright (Code-Point Open).

Lot details

Auction
SDL Property AuctionsWed 25 Nov
Guide price
Guide £450,000+Expected hammer is usually higher
Property
2 bed bungalow | Freehold
Tenure
Freehold
Occupancy
Vacant
Floor area
936 sq ftConfirmed from the EPC
EPC rating
DFrom the EPC register
Planning
No conservation area or listing foundFrom planning.data.gov.uk, at the lot's postcode
Flood risk
Zone 1: lowEnvironment Agency flood map zone, at the lot's postcode

Auction finance snapshot

25% deposit required
£112,500
75% estimated bridging loan
£337,500

On the guide price. Lots usually sell above the guide: at the expected hammer (1.15× guide) the deposit would be £129,375. Stamp duty, the buyer's fee, legal costs and the lender's fees come on top. Illustrative only, not an offer of finance.

Get a decision in principle for bridging How much could you borrow?

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The report on this lot: free

  • Deal grade, A to E, with the working
  • Maximum bid on the refurb and the conversion route
  • Value after works and build cost
  • Profit at every hammer price, and a stress test
  • Sold comparables matched to floor areas
  • The legal pack: what it says and what to check

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Listing and legal pack on SDL Property Auctions' site ↗

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We have access to lending of up to 75% of the purchase price, with up to 100% of the build cost. Tell us about the lot and we can put you in touch.

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Other lots in this SDL Property Auctions auction

  1. — Flat 15, Snowman House, Abbey Road, London NW6 4DN Guide £200,000+£304 per sq ftFinance: Strong 2 bed flat | Leasehold · SDL Property Auctions
  2. — 2 Braemar Court, Glencoe Road, Bushey, Hertfordshire WD23 3DT Guide £160,000+£236 per sq ftFinance: Strong 2 bed flat | Leasehold · SDL Property Auctions
  3. — Flat E, 2 Wyfold Road, London SW6 6SJ Guide £285,000+£509 per sq ftFinance: Strong 1 bed flat | Leasehold · SDL Property Auctions

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