How to Find Out the Value of your Property Online

With house prices being at an all time high in many areas and continuing to grow steadily in others, many of us are curious about the value of our own homes.

Whether you’re considering selling up, are interested in the property’s rental potential or are simply wondering how much equity you’ve got in your bricks and mortar, the first step is finding out what your home is worth.

This used to mean inviting an estate agent to your home and putting on an unconvincing act about wanting to put your property on the market some time in the foreseeable future with vague details about your plans to move to a much bigger house to really get them interested…. knowing full well that you were going nowhere.

These days however it’s really easy to find out the value of your property online. You can leave your Drama GCSE firmly in the past where, no doubt, it belongs, and with a few clicks of your mouse learn all the information you could possibly wish to know about your home in the same amount of time it takes to make a cuppa.

Your reason for wanting to learn the value your property will determine which websites you want to look at. Simply find your reason below and follow the instructions to find out just how much cash you’re sitting on.

I want to remortgage my house

Looking up current mortgage rates and dreaming about how low ours will be when we next remortgage is our guiltiest pleasure.

Savvy property owners will look ahead and plan their remortgage well in advance and so finding out your property’s value is a very smart move. This should help you to understand whether you are making enough over-payments, it will enable you to see if you’re paying too much and, if you’re interested in pulling some cash out of your equity, it will tell you realistically how much you can afford to withdraw.

Our favourite website which we have found incredibly accurate whenever we’ve remortgaged or sold a property is Zoopla. All you need to do is pop in your post code and you’ll have a rough estimate in seconds.

find out value of property to remortgage
Example 1 – All I had to do was enter a post code to find out this value

 

To drill down even further you can click “refine estimate” (just under the value) where you’ll be able to populate a questionnaire with additional information to secure an even more accurate valuation. As mentioned above we used this tool to value the last house we sold and were given an estimate of £280,000. We sold the house for £279,300. 

If you want to find out what rate you could be heading for at your mortgage renewal head over to a mortgage comparison website with your new valuation and find out now. Our favourite due to it’s usability is Compare the Market. Check back soon for a full guide on how to get the most out of this website.

I’m interested in renting my house out

If you’re interested in becoming a landlord then you’re in the right place – our blog is a great resource for new and growing landlords and we hope you find out some good information whilst you’re here! But first, you want to know how much you can rent your property for, don’t you?

Our favourite resource to learn about the rental income we can expect to receive from a property is trusty Rightmove. Why? Because a very quick search using either your postcode or the name of your town will tell you how much other properties in your area are being rented for – this is the market value and is free and extremely valuable information. It will also help you to see whether there is over capacity of rental properties or a shortage. Ideally you’d want there to be a shortage because then you’d know that your property will likely be snapped up quickly and probably for a good price.

If you live in an area where all houses are the same (much like a purpose built housing estate) then you won’t need to spend much time analysing the results as you will know that like for like properties will be valued the same as yours.

If however you live in a street where all properties are different shaped with varying numbers of bedrooms / communal areas you will have to linger a little longer over the results to determine the rental value of your property.

If you’re struggling to analyse the results due to lack of available properties similar to yours, head on over to Portico who will give you a free instant valuation. They’ll also tell you how much your property could fetch on short term / holiday let website Airbnb, meaning you have all of the information you need quickly.

instant valuation online
Portico is super easy to use

The only thing to be aware of is that this tool is purely for addresses in London and so won’t work for you if you are based elsewhere.

I want to sell my house online

Whilst Zoopla and Rightmove are great websites for finding out what properties are available to rent / buy as well as being incredible resources for property enthusiasts looking for free information, they do require you to be listed with an estate agent if you want to list your property for sale.

Many people choose to use an estate agent to benefit from their expertise but if you want to take more control of the listing and save money you can sell your house online without an estate agent.

Our absolute favourite website for this is The House Shop.

Here not only can you list your property for free, you won’t pay any commission and you can deal directly with buyers to cut out the middle man and hopefully speed the whole process up.

Did we mention that it’s free?

Below is a quick image that demonstrates how simple the process is:

sell house without estate agent

We love that you can be your own estate agent if you choose so and we really like knowing that you don’t have to give a percentage of the sale away to anyone.

With all of these websites just a few clicks away you should find the information you’re looking for online in minutes. We just hope that you get the valuation you want! 🙂

Have you used any of the above resources? How did you get on? Let us know in the comments below.

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Caroline Engstrom

Caroline Engstrom has a passion to help landlords and tenants by providing helpful tips and advice regarding real estates.

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