bit complicated, this - appreciate help

suered

Background: friend and ex-partner selling house; ex-partner insists that he has contributed significantly to increase in value of house by various bits of diy; friend disputes amount he claims

Am I imagining things or is there a website out there that if you plug in the value of the house in year x, will have a guess for you at its current value?

Reason for asking is that major structural work and new kitchen/bathroom (which were joint expenses) have also been done to the property in question and friend trying to work out how to put a fair value on ex's contributions.

Thanks all

geo555

Here is a house price calculator.

https://www.nationwide.co.uk/hpi/calculator.asp

suered

Geof555 - that is EXACTLY what I was trying to find. Thanks!

silvercar

Not very accurate IMHO.

dander

yeah, agree with silvercar. Wildly out in my case. Put in the price I bought my last flat for, it gave me a valuation for the end of 2005 of £35k less than I actually sold it for. That's out by around 20%!

robwend

why dont you use https://www.rightmove.co.uk they have the sold prices back to 2000

suered

I realise it's only going to be a rough guess, but the idea was to try and find out given that it was bought for x amount in 2001, what would the market have taken it to now, regardless of any works done - along the lines of Sarah Beeny saying "but even if they hadn't spent this amount of money doing what I consider unnecessary work, it would still have gone up by this amount because of the general market rise".

silvercar

I know what your saying, but mines out by £50,000 and we got a buyer on day 1. Its also miles out comparing what I paid with when I got it revalued for a mortgage seven years later.

The problem is that it uses averages of what has sold, which depends heavily on what sort of properties have been put on the market in that time. I also think its classification of areas is too vague and too large.

exil

But it DOES give a rough idea of how house prices move, ON AVERAGE, over the years! If you want a more accurate picture, look at the Land Registry stats, they have the price for every single house sold in recent years.

It won't, IMO, be much help in the situation outlined by the OP. Sounds like the couple need their heads knocked together, quite frankly. Divide the assets 50-50 and have done with it!