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How much is your house worth now?
JennyB
Posts: 224 Forumite
Just found this tool at nationwide which estimates how much your house is currently worth based on when you bought it and how much you paid. Not entirely convinced about the accuracy of it though - it overestimated my old flat by £40,000... oh god perhaps I sold it too cheaply :rotfl:
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JennyB wrote:Just found this tool at nationwide which estimates how much your house is currently worth based on when you bought it and how much you paid. Not entirely convinced about the accuracy of it though - it overestimated my old flat by £40,000... oh god perhaps I sold it too cheaply :rotfl:
These tools are notriously variable in their answers.
You're better off comparing with what's being sold right now and for how muchAnnual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery0 -
It overestimated the flat I am buying by 100k (based on price sold for in 2002 versus price I am paying now).
Or perhaps I am getting a bargain:beer:0 -
You may be getting a bargain Natwill
I put in the price that our house was bought for in 1991 (£48,000) and it valued it as being £124,563 at the time when we bought it - it was on the market for £120,000 so it wasn't that far out!0 -
It's just valued mine at £41,000!:rotfl:
Probably because we only paid £3,000 for it in 1976.
The house next door to me (similar to mine) is up for sale at £175,000.(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
Miss_Penny_Pincher wrote:You may be getting a bargain Natwill
I put in the price that our house was bought for in 1991 (£48,000) and it valued it as being £124,563 at the time when we bought it - it was on the market for £!20,000 so it wasn't that far out!
Sadly not!! prices in this area of London didn't move too much late 2002-2004 I don't think;)0 -
If only it could tell you what the house will be worth in 5 years timeIf it doesnt pay rent sell it.
Mortgage - £2,000
Updated - November 20120 -
roswell wrote:If only it could tell you what the house will be worth in 5 years time
You can, you can... http://www.propertyforecasts.co.uk/
Kirsty Allsops and Phil Spencers programs were based on this data. Do you know how they forecast the future? They just extrapolate the rises over the last 10 years, and smooth out the line...
Great, by 2050 a house will costs £11.4million with the average salary £288thousand, a mere 39x income.
Why stop there?
By 2200, only 194 years from now, the average house will be £4.7trillion with the average salary just over £103million, a mere 45,000x earning multiple.
Funny how channel4 get away with ludicrous projections... Just how a new born baby has grown several inches per year in their first few years.. by they're 25 they will be 11feet tall... wow...0 -
F_T_Buyer wrote:You can, you can... http://www.propertyforecasts.co.uk/
Kirsty Allsops and Phil Spencers programs were based on this data. Do you know how they forecast the future? They just extrapolate the rises over the last 10 years, and smooth out the line...
Great, by 2050 a house will costs £11.4million with the average salary £288thousand, a mere 39x income.
Why stop there?
By 2200, only 194 years from now, the average house will be £4.7trillion with the average salary just over £103million, a mere 45,000x earning multiple.
Funny how channel4 get away with ludicrous projections... Just how a new born baby has grown several inches per year in their first few years.. by they're 25 they will be 11feet tall... wow...
LMAO, now thats funny!0 -
Haha it has valued my 3 bed house at £110k less than I am selling it for and is valuing a much bigger 4 bed detached house that I am buying at £125k less than what I am paying for it!!!!
It values a 3 bed house at 378k and the 4 bed house at 274k
Don't think this calculator works somehow!!!!0 -
Damn, it values my house at £424k but I`m selling for £307k. Must either be selling cheaply, or my house has seriously underperformed the market.0
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