Leading Property Website Launches New Free Property Valuation Service

The UK residential property portal has introduced a new free property valuation service to provide house vendors with an up-to-date value for their home. By providing just a few basic details, users can quickly find out how much their home might currently be worth on the open property market, and even print out a PDF report providing further insight into health and education amenities in the local area and how to increase the value of the property - all free of charge.

Updated monthly, the property valuation algorithm takes your basic property details and cross-references them with the latest figures from the UK Land Registry, Office of National Statistics, financial markets and local government in order to calculate an estimated current price. Where many valuation services provide an estimate based on historical data, this one provides a value based on the most up-to-date statistics available, giving the most accurate figure available - vital in a market where values are likely to be changing on a regular basis.

An up-to-date valuation of the home you are trying to sell will help you to establish whether local estate agents are being realistic in their expectations for the price your home is likely to fetch in current market conditions.

As well as using recent factual information about the selling price of homes within your locality, the formula also tweaks the expected price for your particular home by taking into account individual characteristics of your property, such as off-road parking, sea or countryside views, conservatories, character features or a concierge service. Each of these is deemed to add extra value to the 'standard' asking price of a similar property without these bonus features.

The condition of your property is also taken into account in the calculation, modifying the likely sale value according to whether it is in need of repair, or in good or excellent condition. The age of the building is also considered in the algorithm.

The results are presented with an average, upper and lower valuations based on whether there might be increased or deflated demand at a particular time for the type of property you are valuing. The report also indicates the 'confidence' level of the valuation, showing whether the accuracy of the valuation provided. A reasonable number of similar properties within the database would produce a 'good' confidence level that the valuation provided is accurate. If there are few comparable transactions on record, the confidence level is likely to be lower.

You can use this new free property valuation service as often as you want, free of charge, and is available right now.


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Whathouse.co.uk is the web portal for new homes and new affordable homes in Britain, the online face of What House?, which has promoted the best of new homes in Britain for over 100 years. Our site features hundreds of new-build homes in the UK as well as news, articles, expert advice, opinion and comment. The What House? Awards annually rewards the best of UK new homes, and is considered the 'Oscars' of the UK housebuilding industry