online house valuation

How Much Is My House Worth Today?

Whether you’re investing or just interested, you can find out the estimated market value of a property using HousesInSale’s instant online valuation tool. It’s quick, easy and free – just enter your postcode and get properties sold prices for your area. Comparing recently sold houses can help you understand what your home is worth.


Data on sold house prices provided by Land Registry © Crown copyright 2017

Understanding House Valuation

Assessing property value
Assessing the value of a house is a primary task for any player on the property market.

Sellers base their asking price on the valuation, while property buyers need to decide whether a certain house/flat is worth its price and, if not, how much to offer for it.

What is online house valuation?
An online house valuation is a fast way to get an estimate of the price of your property!

Property valuation is the process of developing an opinion about the market value of a house, land or commercial property, an informed and objective inspection and estimation of the value or the worth of that property.

Why do I need it a house valuation?

If you are moving home, conducting a property valuation is an essential step in the process.

Look at what’s sold recently and you can estimate your home value.

How to get a house estimate?
Simply enter the postcode for the area you are interested in.

This house valuation service is brought to you by HousesInSale.co.uk.

Data is provided by the Land Registry for all properties sold in England and Wales since 2009, updated monthly.

How to Determine the Value of Your House

house value calculator

How do house estimates work?
While this free online valuation tool is designed to help you to understand the estimated value of your house, the actual value of it might be above or below the result.

First step: Enter your postcode and hit ” Get Sold Prices “. You will get a list of houses sold prices with some data provided by Land Registry.

You will receive the property postcode, street name, property number, city, the house sold price and sale date.

Next Step: Once you know the estimated value of the property, book a market appraisal with an estate agent.

Factors affecting the property value
A number of things are taken into consideration when determining the value and the selling price of a house:

External characteristics – home condition, architecture water/sewage systems, sidewalk, paved road, garage, school catchment areas, crime rates, good transport, local amenities, etc.

Internal characteristics – size and number of rooms, construction quality, appliance condition, heating type, energy efficiency, etc.

Supply and demand – the number of homes for sale versus the number of buyers;

How to calculate how much my house is worth today?
1. Personal inspection of the property is the first and important step of this process. Check all minor details of the property;

2. Analyze the demand of property/city/area — Location is the priority.

3. Appraising price trends over a period of the properties in that area — Begin by researching recent sales of similar properties in the local area, street, postcode, local assessors’ offices, municipalities, online databases, local newspapers, estate agents.

The sale prices of these properties will provide a good place to start.

Free  valuation with estate agents
Before you ask for an online house valuation you can discover the value of your house using a traditional estate agent.

They can estimate your house value, comparing the house sold prices on your street, postcode or area and with a personal inspection of your home.

Best Property Valuations Tools

Before you ask for a free online house valuation you can discover the sold house prices in your area using HousesInSale’s tool. The keys to establishing the value are the asking price of local comparable properties and the prices achieved for recent sales.

  1. eMoov.co.uk The UK’s Best Rated Online Estate Agents. A professional photographer will visit your home to take great photographs, compile a floor plan and carry out an EPC. We have sold homes in 99% of all UK postcode areas and have extensive local knowledge. Our local experts know your area inside out. They are trusted advisers, who will utilise that local knowledge from valuation to sale. Source: eMoov
  2. NetHousePrices was one of the first websites set up in 2004 that specialised in providing sold property prices recorded in England and Wales, by the Land Registry since 1999 and has since evolved to become a favourite destination for property professionals and the consumer alike. Nethouseprices is privately run by a team of property professionals who are qualified chartered surveyors and property developers with over 50 years experience in the property industry between them. Source: NetHousePrices
  3. RightMove is the UK’s number one property portal and operates a two-sided network. On one side we have the UK’s largest and most engaged property audience and on the other side, we have the largest inventory of properties. Source: Rightmove
  4. LandRegistry The UK House Price Index (HPI) uses house sales data from HM Land RegistryRegisters of Scotland, and Land and Property Services Northern Ireland and is calculated by the Office of National Statistics. The index applies a statistical method, called a hedonic regression model, to the various sources of data on property price and attributes to produce estimates of the change in house prices each period. The index is published monthly, with Northern Ireland figures updated quarterly. Source: land registry
  5. Zoopla is the UK’s most comprehensive property website, focused on empowering users with the resources they need to make better-informed property decisions. We help consumers both find their next home and research the market by combining hundreds of thousands of property listings with market data, local information and community tools. Source: Zoopla
  6. PropertyPriceAdvice Launched in 2005 by media expert and property enthusiast, Peter Sherrard, Property Price Advice is an independently funded company dedicated to being the go-to source for free, impartial UK property price information and advice. Based in Newbury, Berkshire, and operated by an ever-expanding team of digital marketers and property lovers, we pride ourselves on offering a comprehensive range of services for homeowners, buyers, sellers an investors. Source: Property Price Advice.

Also, check out this house price calculator top 10 list.

* The figures given are an indication based on last known sale prices. They are not a substitute for a professional evaluation.

Summary
How much is my house worth? Property value estimate
Article Name
How much is my house worth? Property value estimate
Description
Find out the estimated market value of a property using our online valuation tool. Comparing recently sold houses can help you understand what your home is worth.
Author
Publisher Name
HousesInSale
Publisher Logo
How much is my house worth today? Property value estimator
Last Updated: 2017-08-03T14:39:09+00:00
By admin