Rightmove House Valuation
We’ve put Rightmove at the top of the list as it still remains the UK’s most popular property portal. Chances are that you’re already familiar with it. If not, don’t worry, it’s fairly easy to use…
First off, we would suggest using the link below to search sold prices in your local area:
Note that a wider range information is shown on a desktop PC or tablet (rather than your mobile device).
Enter the postcode and you’ll see sold property prices registered at the Land Registry. You can also expand your search for up to 15 miles as well as filter specific timeframes, type and tenure (freehold/leasehold).
Remember there is typically a two-month time delay for Land Registry prices to appear in the public domain. Flats and other leasehold properties can take longer.
As you scroll down, you can also see links to the original advertisement (with photos, floor plans etc.). This will be in bold and underlined in blue, as shown below or by clicking on the photos on the mobile version.
Also look out for the Market Trends, Price Comparison Report and the monthly House Price Index as you scroll down on the right on the desktop version.
Is Your House Bigger than Your Neighbours?
Most streets in the UK have different types of properties and it’s not always easy to compare like-for-like. For example, yours may have a larger garden or had a back or roof extension. Other times, the differences can be more subtle. Generally, for example, end of terrace houses are bigger than mid terraced properties.
Although it’s hard to put a price on these differences, it’s a good idea to check the size of neighbouring properties using previous Energy Performance Certificates (EPCs):
If you’re still unsure, it can be worth paying for a Royal Institute of Chartered Surveyor (RICS) valuation to put your mind at ease.
Check Out Your Local Property Market
It’s also a good idea to look at what’s up for sale in your neighbourhood. Head to the Rightmove homepage…
After entering your postcode and clicking ‘For sale’, enter the property criteria (radius, price range, number of bedrooms, property and added to site).
Remember also to tick: ‘Include Under Offer, Sold STC…’. You will be able to see which properties are on the market, have sold or become under offer recently.
On the adverts that appear, remember that SOLD STC (Subject to Contract) does not always mean that the property has actually sold. Today, it’s estimated that 1 in 3 UK property sales are falling through. It’s possible, therefore, that it may not complete and come back to market.
Also, remember that there is often a difference between the asking price and the actual sold price – usually between 5% and 10%.
Ask yourself the following:
- Is your property priced higher or lower than the rest of your local market?
- How do other properties compare to yours in terms of condition?
- Do prices seem unrealistic? We know it can be hard, but try and put yourself in the shoes of someone looking to buy;
- How long has the property been on the market? The longer the period, the more chance is that it’s over-priced;
- Has the price been dropped? Use the Chrome Extensions in the box above to see any corrections and how long ago they happened;
- Is the advertising any good? Sometimes a poor estate agent can slow down a sale;
- Walking around the area do you see a lot of boards that say ‘SOLD’ by the agent?
- Does the estate agent seem to have a lot of unsold properties on the market?
Towards the bottom right of the listing, you can view the historic sales prices and listings (as above).
Zoopla House Valuation
The second most popular property portal in the UK, Zoopla’s house prices page also offers a similar breakdown of sold values:
After entering the postcode or road, you can access information on the average price paid, number of sales, current average value and percentage change. You can also adjust the time (up to 20 years) and the property type. On a mobile device, you will have to click on ‘View market activity’ to see this data.
Also, check out previous listings where available (you’ll see a small ‘H’ with ‘Property history’).
Please ignore both the ‘Zoopla estimate’ and the ‘Zoopla Zed-Index’. How these property valuations are arrived at truly remains a mystery. Estate agencies annoyingly use these figures to paint an unrealistic picture of the marketplace.
Our recommendation is to cross-reference any asking price data you come across (both on Rightmove and Zoopla) with the Land Registry.
Land Registry Valuation (UK HPI)
The Price Paid dataset is arguably becoming one of the most comprehensive tools for research into property sales submitted to HM Land Registry.
We believe its the most trustworthy index to track real price movements, although the downside is that it can take 2-3 months for data to get updated.
Click on the box below to see sold house prices in your local area since January 1995:
The following screen will appear:
In most cases, you can enter the name of the road and town or the postcode and the data will appear (i.e. you do not need to enter in any information, uncheck the boxes etc.).
But you may also want to narrow down your search criteria by changing the various adjustments on the first screen above.
Once your through to the search results page can view transaction history, property type, estate type (freehold/leasehold) and whether it’s a new build or not.
It’s also worth bearing in mind that Price Paid Data excludes situations where:
- The sale not been lodged with HM Land Registry for whatever reason;
- The property was not sold at its market value (such as auction sales or repossession purchases);
- The property is bought for a discount under the Government’s ‘Right to Buy’ scheme;
- A share of a property is sold or transferred;
- The property is gifted (by a relative, for example).
Net House Prices Valuation
Established since 2003, Net House Prices is another simple way to see local prices.
Clicking on the link above and you’ll land on the SOLD prices page. Enter in the postcode and the following data will appear:
We would advise avoiding the ‘free valuation’ tools that appear across this website. They are often linked to estate agents and not solid data sources.
Operating since 2004, you can also check sold house prices and other information using this website.
Upon entering the postcode in the first tab, you’ll see a list of properties on the street in order. Once you click on the property address, you can access a range of useful information as shown here:
Note that you will not be able to see all of the above if you don’t register.
Scroll further down to STREET INFO which has some insights into neighbouring properties, the most expensive / cheapest sale and how many properties are currently on the market.
Property Price Advice Valuation
Running since 2005, Property Price Advice states that it is the ‘go-to source for free, impartial UK property price information and advice.’
Enter the postcode and click on the second button in the middle of the page: ‘Sold House Prices’ (with the white background).
A list of properties will appear with the last sale date, type and tenure (freehold/leasehold).
Use the drop-down menus to select the distance (up to 1 mile), date of sale (up to 10 years), house type (house, bungalow, townhouse, flat or studio) and tenure to access Land Registry-linked historical data.
Our Property Valuation
Requiring registration, Our Property has an interesting ‘survey’ feature where you can find some useful information.
Once you have created your Fubra Passport, enter the postcode and a list of nearby street addresses will appear:
Although not always available or fully complete, by clicking on Surveys, you can see some key characteristics of the property once you then click on ‘View full survey’ (on the next screen):
However, please note the disclaimer on the site that Our Property has not validated this information for accuracy or completeness.
Click on the blue number in the third column to see the sales information:
We would advise ignoring ‘Average’ (in the last column) unless all the properties in your neighbourhood are very similar.
Via the ‘House Price Stats’ (in the top navigation bar) subscribers can get at a glance listings of the most expensive, least expensive and most transient roads (where the most sales have occurred). Note that this covers a limited number of cities and counties in the UK, but hopefully they will expand out!