An online property valuation is a fast way to get a free estimate value of your house, flat or any type of property and an informed and objective estimation of the worth of your property in the current property market. If you’re thinking of moving home or letting a property, conducting a valuation is an essential step in the process. Contact us today at 0121 544 9595 for a free valuation.
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How property valuation works
1. Complete our simple form.
2. You don’t need to enter your full address, simply enter your postcode and select your address from the options. Select what type of valuation you would like (Sales, rentals or both), and how many bedrooms your property has.
3. Answer a few short questions about yourself like name, email, phone and our free calculator will instantly give you an estimate of the value of your property. You’ll also receive an email in your inbox confirming the valuation and the next steps available to you.
4. When calculating the value of your property, there are a number of things the calculator doesn’t take into account such as any adjustments to your property.
To give yourself a clearer image of the true value of your property, we highly recommend that you book a full market appraisal with one of our expert team.
Factors affecting the property value
A number of things are taken into consideration when determining the value and the selling price of a house:
One of the most important factors that affect property value. If you ask any estate agent, the location will be at the top of the list. Even if you were a home buyer yourself, the location of the property will affect your buying decision. If the property is in a top location, you will be expected to pay a higher price.
Proximity to local transport
Another important factor that affects how much a house is priced at would be it’s access to public transport. Properties near bus and train stations, as well as those near supermarkets, parks and hospitals, are preferred by more buyers and sellers can demand higher prices.
Age of the property
How long the structure has been in existence is also a deciding factor on pricing a home. Normally, the newer the home, the higher the price will be simply because the structure is almost new and no major repairs and renovations are needed however there are homes that have been built decades ago and are still worth far more than the modern homes.
Supply and demand
Supply and demand – the number of homes for sale versus the number of buyers. Economic market principles determine what value any commodity will have at a particular time. The supply of property is relatively fixed at any one time. Excess supply will cause prices to fall.
Property internal characteristics
Size and number of rooms, construction quality, appliance condition, heating type, energy efficiency, etc.