How do I get an idea of property value?

smt34

Thanks all, your advice has been hugely helpful. 

We’ve decided after a second viewing not to proceed further with this property, but we will bear everyone’s advice in mind as we continue on our journey

Niv

smt34 said:

silvercar said:

For a house that hasn't been altered since last sale, in an area that hasn't significantly changed in that time, zoopla may be worth a look not always accurate, but a reasonable starting point for an unchanged house.

The first sale on this small development could dictate the price going forward.

Thanks…unfortunately zoopla says that ‘we do not have enough data to provide an estimate on this property or similar houses in the area’. 

How about trying the nationwide house price calculator? Indication only ofc.

https://www.nationwide.co.uk/house-price-index/ 

user1977

Niv said:

smt34 said:

silvercar said:

For a house that hasn't been altered since last sale, in an area that hasn't significantly changed in that time, zoopla may be worth a look not always accurate, but a reasonable starting point for an unchanged house.

The first sale on this small development could dictate the price going forward.

Thanks…unfortunately zoopla says that ‘we do not have enough data to provide an estimate on this property or similar houses in the area’. 

How about trying the nationwide house price calculator? Indication only ofc.

https://www.nationwide.co.uk/house-price-index/ 

That's only going to apply the average inflation rate for a vast region, to a probably misleading initial price, so if anything, even worse than whatever Zoopla spits out.

ReadingTim

What someone paid for it previously is irrelevant because you can't go back in time and buy it instead.  It doesn't matter whether it was sold last week, last month, last year or last century, you can't go back and change history. 

Anyway, you think that price rise is bad?!? - I paid over a million quid for my house, yet a previous lot paid a few hundred pounds for it when they bought it.  It was in 1893 when the place was built, but the point remains.... 

It's worth what the buyer is willing and able to offer, the the seller is willing and able to accept. What the buyer is willing and able to offer is, in part, affected by what else similar they could get for the same amount of money nearby.