PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Nationwide House Price Index Calculator

Options
ellie27
ellie27 Posts: 1,097 Forumite
Ninth Anniversary 500 Posts Combo Breaker
in House buying, renting & selling
Is this calculator to give an idea of what a house might be worth based on the last sold price?

Is it accurate for anyone?

http://www.nationwide.co.uk/about/house-price-index/house-price-calculator

Comments

  • dj1471
    dj1471 Posts: 1,969 Forumite
    Part of the Furniture 1,000 Posts Home Insurance Hacker!
    It's never going to be accurate, there are too many factors to consider in assessing a property's value.

    For the house I'm buying it says a 4% increase, I'm actually paying 1% less... (because, IMO, the vendors significantly overpaid for it).
  • MadelinesMum
    MadelinesMum Posts: 862 Forumite
    Not accurate as per recent valuation but then again I haven't had any offers yet. I'd say it is about £12k under for mine.
    I must remember that "Money Saving" is not buying heavily discounted items that I do not need. :hello:
  • densol_2
    densol_2 Posts: 1,189 Forumite
    Nationwide relied on it to revalue my property for end of deal new deal - I was well chuffed at the LTV
    Stuck on the carousel in Disneyland's Fantasyland :D

    I live under a bridge in England
    Been a member for ten years.
    Retired in 2015 ( ill health ) Actuary for legal services.
  • Timeflies
    Timeflies Posts: 275 Forumite
    Ninth Anniversary Combo Breaker
    When I put in "UK", it was £65 out.

    When I put my region in, it was less accurate.

    I guess my house is a good example, because not much has changed about it. If the area had got much more/less popular, or I'd done significant improvement work, or maintained it badly, this calculator would not be able to factor that in to its calculations.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture