How Much is My House Worth?

If you are considering selling your property, the first step is to determine the value of your home. It will give you an accurate assessment of how much equity you have in the property and start the search for your next home. 

To find an accurate answer to your question, 'what is my property worth?' you should avoid national average figures and look at the average price for similar properties in your area. As well as visiting estate agents, you can also use online property listing sites, land registry details of recently sold properties, and other sources of information. 

You should also remember that the property market fluctuates: your home may be worth more or less than it was five years ago, so getting an up-to-date valuation is important.

Guide To Finding Out How Much Your Property Is Worth Today

House prices vary dramatically across the country. Prices are higher in London than anywhere else, while other major cities and desirable areas attract higher prices as well. When looking at average prices, concentrate on average figures in your area.

The average house in the UK cost £235,000 at the end of last year, compared to £192,000 five years earlier. This represents an increase of 22%. Economic factors ranging from unemployment levels to interest rates can directly impact property prices, while unexpected emergencies can lead to serious fluctuations. 

If you require a property valuation today, you can go online to access information provided by the Land Registry. Websites like Zoopla also offer search functionality that lets you view the sale prices of properties by postcode and property type. Additionally, you can get a free valuation from a local estate agent.

How To Find Out The Market Value Of My Home?

There are many ways to find out the market value of your home. You can invite local estate agents to provide you with a valuation. This is a service that most agents offer free of charge if they think you are interested in selling the property. There are also a number of online valuation services and you can do your own research on property listing websites. The Land Registry provides details of properties sold in your area. 

Remember to compare properties on a like-for-like basis. If you have a two-bedroom terraced house, the value of this type of property will be very different from that of a maisonette or a semi-detached property, even with the same number of rooms. Try to look for properties in a similar condition, of roughly the same age, and with the same renovations and conversions that you have completed on your own property.

Look At Recently Sold Property Prices

Check popular estate agent websites. You will find a lot include recently sold listings. Search for those that match your property details and that are in your local area. You can look at open listings, but bear in mind that these have not sold yet and this could be because the asking price has been set too high.

Online listing sites like Zoopla offer a similar service. You can search for properties that have recently sold. The most popular of these sites include listings from most local estate agents, which means that they offer a more extensive list of property prices. You can compare prices right across the region and you will have a better chance of finding properties that match your own. Again, you should avoid looking at open listings unless it is a last resort.

You can also use Land Registry data to conduct a similar search. Their website enables you to search by location, property type, and other property attributes. Vendors must register every property sale with the land registry, and they hold data from 1995 onwards, which means that their list is the most extensive and expansive list available. Users can also download the data or share the results of a search with others. 

Speak To An Estate Agent

Using the Land Registry and data from real estate listings can provide you with a rough valuation of your property, but this doesn't take other important factors into account. For example, if your property needs a new roof or new glazing, this could negatively impact the value of the property. 

Estate agents not only study the market, using similar local sales as a general guide, but they also understand what buyers are looking for. They know whether families or single professionals are looking for property in your area and whether your home has the features that appeal to these groups. They will view the property, determine the positives and negatives of the property, and adjust their price according to factors including marketability.

You should ask three local estate agents to give you a price and take the average of those three quotes. Depending on availability, it can take several weeks to arrange and complete the visits but most estate agents will give you a price when they visit. You should also receive a written quote from each agent. It is important that you use local agents because they will have a better understanding of local requirements. 

Although most estate agents will offer free evaluations to all potential customers, regardless of whether you use their services or not, some might charge a fee if you do not use them to sell your property. A Royal Institute of Chartered Surveyors (RICS) surveyor can charge anywhere up to £800 for a full valuation.

Get A Free Online House Valuation

Another way to answer the question "how much can I sell my house for" is to use a free online valuation service. There are a number of free online tools that are quick and easy to use. These tools gather data from local sales and apply algorithms to further improve the accuracy of a price. Dependent on the site used, some tools claim to be accurate to within 15% of the final price. While this could result in a quote that is some way off the final price a property sells for, it does give a good starting point and gives sellers some idea of the amount they will receive.

To receive an online house valuation you will need to give some personal details. You will need to provide your name and contact details. To receive the final valuation, you will usually need to provide a valid email address. Some property buying services might require that you provide a phone number so that they can follow up on the quote.

You will also need to provide property details including the exact address, as well as factors like property age, number of rooms, and whether the property is freehold or leasehold. Some of the more detailed tools take into account additional factors, such as loft or garage conversions, large gardens, and the current condition of the property. The more information you can provide, the more reliable and accurate the valuation you will receive, but the lack of an internal property inspection means that the price can only be considered a rough guide based on historical data. 

How Do We Determine How Much Your Property Is Worth?

PropertyBuyer.co.uk are a specialist cash house buyer service. Initially, you will need to provide us with details of your home, including the postcode and property number. We will use this information to research Land Registry and recent sales. 

Our property experts will then provide a conditional offer based on the information we have. Upon acceptance of our conditional offer, members of our local sales team will visit you at your property. They will conduct a home inspection and have reliable knowledge of the local housing market. Using the conditional offer, they will assess the property and provide you with a formal offer. 

We do not charge for property valuations and you have a period of seven days to accept the formal offer: if you can't make your mind up at that time, we will need to provide you with another offer, but this can be easily arranged. 

If you do accept the formal offer, you receive 100% of the value. We don't charge any fees or deduct any costs, which means that the quote you receive is the actual amount you receive.

Factors That Affect How Much my House Is Worth?

A number of factors determine the value of a property. Prevailing market conditions determine an initial price bracket. The type of property and the level of demand also factor in. Even the general state of the economy can influence the final price, but there are also factors that are specific to your property.

Location really does matter. Not only are some towns and cities more desirable than others, but neighbourhoods within the same city attract different prices. In fact, an identical property could sell for a different value at one end of the street compared to the other.

The type of property is important. Some areas, especially those with low crime rates and a good school system, attract families, so the demand for semi-detached properties is high. Other locations might have a higher demand for apartments and flats suited to single professionals and working couples.

The age and condition of a property can also influence the final price. Older properties tend to have higher maintenance and repair requirements so attract lower prices, while brand new properties can cost a premium. Properties in a poor condition obviously attract a lower price because buyers will have to invest more of their own money in paying for repairs.

Extensions, conversions, and features like exceptionally large gardens can add intrinsic value to a property, too, although there can be a price ceiling in some areas for some property types. 

Commonly Asked Questions:

How long will it take for you to value my property?

Once you have provided us with some basic details about your property, we will determine its eligibility. If your property is eligible, we will research properties in your area and send you a conditional offer within 24 hours. 

If you accept this offer and move on to the next stage, we will be in touch to arrange a time for one of our local sales team to visit your property. They will conduct a more thorough check and provide you with a formal offer during this visit. We can complete the process within a matter of days. When selling through an estate agent, it can take several weeks to arrange a consultation.

Can you provide an accurate value of my property?

Initially, we use Land Registry data and sale details to formulate a conditional offer. The price we offer is based on similar sales in your area. It takes into account factors like property size and age, as well as the desirability of the location. The initial offer does not take into account things like the property condition or exceptional features like conversions. One of our team of experts will need to assess the property to determine these factors. 

Our conditional offers have proven to be very reliable, but they can differ from the final price. Once we make a formal offer, this is based on all factors and gives you an accurate price. 

Will I be able to sell for the full market value of my home?

PropertyBuyer.co.uk is a specialist cash buyer. We provide a fast, reliable, and discreet service. We can complete a purchase in as little as seven days. As such, we are unable to offer full market value, but we are upfront about our services. 

We don't add any costs or charge any fees, and because you won't have to keep meeting mortgage repayments for several months while the sale completes, you can walk away with a similar amount as you would selling through an estate agent. Here are more details about how it works.