How Much Is My House Worth
“How much is my house worth?” is a very common question in the UK. We are in fact, a little bit obsessed with knowing the value of our houses! So use our calculator to find out. Please do bear in mind that the actual value of your property might be above or below the indicated value on the calculator and is dependant on many factors. That said, using our house value calculator is a great starting point.
House Price Index calculator
Other ways to value your house
- Research similar houses that are currently for sale in your area. Try to look for properties of a similar size and condition.
- Research how much similar houses have recently sold for in your area. Previous sale prices are one of the strongest indicators of current local values.
- Use property websites to look at houses (for sale and recently sold) on your street.
- Research the property market in your area. How is it performing? Are properties selling quickly or have things been slow?
- Contact a local estate agent for a valuation. It is recommended that you contact 3 to 4 local estate agents and consider a value that is in the middle of their estimates.
- Use the Land Registry service to see recent sold prices and also review the UK house price index for trends.
Factors to consider when researching "How much is my house worth?"
Location – Some roads within an area could be more desirable than others and even one end of a road might be more desirable than the other.
The condition of your house. If your house is need of repair and modernization, don’t compare it with a house that has been fully refurbished.
The size and layout of the house. Compare like with like. Bear in mind that some properties on your street may have been extended out the back or into the loft.
Crime rates – is the crime rate in your area worse or better than surrounding areas?
Is there a flood risk?
School catchment areas. Compare your property with houses that are in the same school catchment area.
Distance to transport links
Other factors like the state of wiring, boiler, damp and plumbing problems can also affect the value.
How can I add value to my property?
There are a number of things you can do to try to add value to your house. Keep in mind though that some cosmetic changes won’t necessarily add value to your home, they may simply make it easier to sell.
Add a new kitchen or bathroom.
A home extension will often add the most value although this is also the most costly option.
You can convert the loft for additional space, without having to extend.
Renovate the outside of the property to make it more presentable.
We are all prone to wondering “how much is my property worth”? Before contacting an estate agent, there are a number of things you can do to work it out yourself but ultimately, if you are serious about selling your property then you will need to speak with an estate agent for an accurate assessment.