Working out how much a property is worth

For most people, buying a new home is the biggest purchase of their lives.

Before making an offer, you need to be confident that you are paying the right price, as you don't want to regret it for next 25 years!

Find out what the property has sold for previously

Although property values change over time, they tend to change inline with each other.

We can help you work out what a property might be worth today by looking at what it has sold for previously.

By taking other local sales into account, we can accurately predict what it is likely to be worth today.

Check what other property has sold in the same road recently

Whilst not all houses are built identically, seeing what other properties have sold in the same road recently gives a good starting point to work out what another property might be worth.

See what properties have sold in the wider area

Depending on the road you're interested in, no property may have sold recently.

It's not uncommon for roads to have no sales for a few years so make sure you check other properties nearby.

Remember, location is everything! Beware as you get further from the other property, the value of land/desirability can change substantially. This is especially true if one road is immediately off a busier road, the busier road may be substantially cheaper.

What condition is the property in

Home improvements are costly and can have significant impact a property's value.

To replace a very small kitchen costs around £12k, a mid-sized one can easily cost £20k.

If the kitchen is large and completed to a high standard (e.g. granite worktops and underfloor heating etc.) it is easy to spend over £40k.

Use our custom valuation report generator to see how home improvements could increase a property's value.

What if the property has no sales history

The Land Registry has only released property sales data since 1995, so if the property you're looking to buy (or sell) hasn't sold since then, we won't have generated an automated valuation for it.

Don't worry though, we can still help you work out what the property is worth.

To create a valuation report, you simply have to select a few similar properties (they don't have to be identical). After this, we will ask you what is better or worse about them so we can adjust the valuation accordingly.

Using the information you provide to us, we're able to calculate the property's valuation.

Example refurbishment costs for a 4 bedroom terraced house

New mid-sized, good quality kitchen £32k (appliances £5k, kitchen units £10k, granite worktops £4k, underfloor heating £1k, wood flooring £1k, fitting £9k, electrics £2k).

New windows - £12k

New doors (front and back £2.5k).

Bi-folding doors £10k (£4k to buy, £6k to fit - includes knocking out the wall, buying a steel lintel and disposing of rubbish).

New carpet throughout house (cheap carpet) - £3k

New combi-boiler £6k.

New bathroom £12k (with 2 bathrooms at £6k each).

Total refurbishment costs of £77.5k.

How much does a single storey extension cost?

Construction rates differ quite significantly thoughout the country.

Costs in London are higher than in rural locations.

Expect to pay around £1200 per square meter (ex. VAT) in London to complete the shell of the building (this won't include internal fittings like carpets, underfloor heating, plumbing or electrics etc).

A 3*5 meter extension in London would cost around £18k plus VAT. Outside of London you'd be looking at £800 per square meter (ex. VAT) - so a 3*5m extension would cost £12k ex VAT.

On top of this, you'd have to pay building control £1k, architects £2k, structural engineer £2k.

Costs rise if building control make you dig deeper or more complex foundations.

So a 3*5m single storey extension in London is likely to cost around £30k to complete the shell of the building without any internal finishing.

If you're after more natural light, consider putting in a roof latern. Allow for about £3k to fit a 1*3m roof latern.