How much is my house worth?

Like it says on the tin, a house valuation is when an estate agent assesses your property’s value based on a few factors, like the location, condition, features and more. It allows you to get an accurate house estimate of the worth of your property. This can help decide when is best to sell or let your house. 

There are a few different ways to find out the value of your property. While you can get an online house valuation or a virtual valuation, the best way to get an accurate figure is through an in-person property valuation. A local property expert can tell you confidently how much you could sell or rent your home for. 

The good news is that Purplebricks’ in-person house valuations are easy to book online and completely free. And if you can’t do an in-person visit, you can hop on a call with an expert who can deliver a free house valuation via video. 

Like we said, at Purplebricks, our valuations are completely free of charge. Selling your home is also free with us. If you need to boost your sale, you can pick and choose the services you want – so you’re only paying for what you need.  

Otherwise, the cost of a house valuation in the UK can vary depending on the type of valuation and your location. Some in-person valuations can cost anywhere from £100 to £1000, while online valuations are usually free.  

This can vary depending on the property. Most property valuations take around an hour. The estate agent will view the property, review the comparable properties sold in your area, and give you some background on how they landed on the valuation figure.  

An in-person house valuation is typically the most accurate. It includes a detailed inspection of the property by a local estate agent. They’ll look at the property's size, condition, location, unique features, and any updates you’ve made to the property – as well as an analysis of recent sales in the area.  

An instant online home valuation usually includes an estimate of the current market value of a property based on publicly available data (things like recent sales in the area, property size, and location).  

With a virtual house valuation, an estate agent does a virtual tour of the property and provides a valuation remotely. This can be especially useful if you’re looking for a quick but accurate answer. 

You might think it’s more effort than it’s worth. We’d disagree, though. There’s lots you can learn by unlocking your home’s value:  

• Get an accurate house estimate: Whether you're just curious about the value of your home, or you’re thinking about selling up – getting a valuation will give you an accurate estimate of your property's current market value. 

• Set a smart asking price: Booking a property valuation is the best way to determine the realistic asking price, giving you more peace of mind and improving the chances of a successful sale. 

• Negotiate wisely: Not only can it help with the asking price, but it can also help with negotiating power. Once you know your home’s value, you'll know how high or low you can go at the negotiation stage. 

• Get market insights: A home valuation can provide useful property market information, including recent sales data and trends to help you compare. 

• Work on potential issues: A valuation can help highlight any problems that may arise when selling your property – and highlight your home’s unique features. 

• Sort financing and insurance: A house valuation can be used to secure financing or insurance for the property. 

• Tax purposes: Getting your home valued can be helpful for tax purposes, like determining the value of an estate for inheritance tax. 

The estate agent will arrive at the time you agreed. They might ask you to show them around the house and point out any improvements you’ve made to the property, and any defining features that make it stand out. They’ll show you comparable properties in the area and what they sold for, and explain how these relate to your property. They’ll also be hot on local property knowledge, so they’ll be able to tell you how in-demand your home is. 

Time for the important bit. Next, your local property expert will tell you how much they think your home is worth. They might go into detail about starting prices (if you’re thinking about selling or letting), and what you can expect to sell for. There’s no obligation though, and house valuations are completely free. But if you’d like to, you can ask Purplebricks to sell your home. 

Great question. Not to blow our own trumpet, but at Purplebricks, we’ll sell your home for one fair, fixed fee, giving you everything you need to sell your home, from Rightmove and Zoopla listings to an app to message buyers directly. We offer optional add-ons to help boost your sale – but only if you want them.   

Instead of charging a percentage of the home’s value, you get a fair, fixed fee, and get to choose how and when you pay it, giving you more payment options than ever before. 

As a homeowner, we know you want to be sure your home is appreciating in value. And we’d love it if we had a crystal ball that could tell what you want to hear. Unfortunately, it’s not quite that simple. It’s difficult to predict the exact value of your home in five years, as the housing market fluctuates based on factors like the economy, interest rates, and supply and demand.  

It's important to remember that any estimate of your home's future value is just that – a house estimate. The UK housing market constantly changes, and lots of things can affect your home's value. You can keep track of how much your house is worth by getting regular house valuations. It’s recommended to get your house valued every year or so, and to stay up to date with useful home selling news so you know what the market’s doing.