Uk house values

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Old Nov 8th 2003, 12:07 am
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Default Uk house values

here is a handy calculator from the nationwide bs just put in a few details and it gives you a very accurate valuation on your home.

this calculator has come within 5% of a couple of my friends "actual" valuation's aswell as my own.

be interested to see how others find the results.



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Old Nov 8th 2003, 2:08 am
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That seems pretty good WBB. Just tried it with my house in UK - last had it valued in '98. It's come in at a couple of % more than what the house over the road sold for 4 months ago.
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Old Nov 8th 2003, 2:21 am
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It came pretty close on my parents house although it can't take into account building work, renovations etc, so it came in below the actual value. However still a 240% increase which has got to be good
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Old Nov 8th 2003, 8:03 am
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Originally posted by Teliko19
It came pretty close on my parents house although it can't take into account building work, renovations etc, so it came in below the actual value. However still a 240% increase which has got to be good

240% i thought i had good mark up on my pad at 98%
 
Old Nov 8th 2003, 8:56 am
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Default Re: Uk house values

Wow - talk about accurate - it was £385 out from the amount we got for it in October last year! Amazing what it's worth now though...

Nicola.
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Old Nov 8th 2003, 9:44 am
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Yeah I have just had a try and it seems pretty accurate.
I had a valuation end of April this year and had another one done yesterday and I was suprised to see that it was valued at 5k more.
The valuer said we could probably ask more although in her recommendation if we are after a quick sale she advised the lower figure.

Diane

House up with an agent on Monday as we have had no joy trying to sell privately.
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Old Nov 8th 2003, 3:30 pm
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WBB thanks for that link shocking to think how prices have gone up but as the sheeps ar*e has fallen out of the pound I gues its all a reli subject.

SMOKINNNN.
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Old Nov 8th 2003, 4:31 pm
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Default Re: Uk house values

Originally posted by welshboybilly
here is a handy calculator from the nationwide bs just put in a few details and it gives you a very accurate valuation on your home.

this calculator has come within 5% of a couple of my friends "actual" valuation's aswell as my own.

be interested to see how others find the results.



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mine was miles out by about £50,000!
so don't think it works! i work for an estate agents so know its miles out!
rach
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Old Nov 8th 2003, 9:10 pm
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If thats right then we undersold our house by £270K!
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Old Nov 8th 2003, 9:53 pm
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Originally posted by JaneandJim
If thats right then we undersold our house by £270K!

maybe it works better for us poor people, my house is only worth around £90k maybe £100k on a good day.

but then think of all that extra money i am saving on my mortgage


 
Old Nov 9th 2003, 8:59 am
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mine was close..

it only works for the 'regions', where there were percentage point rises over the last 3 years.

If you live in an area where schools and massive desirabilty then that will have the biggest effect , (or not). London is like this. The calculator was fine for poorer areas of London but not the desirable ones - it was too low!
 
Old Nov 9th 2003, 11:14 am
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Mine was out by 45k. It's too general & does not take into account local conditions.
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Old Nov 9th 2003, 3:09 pm
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it seems it works or some and not for others, i am happy to believe what it tells me as it is a little more than my blood sucking estate agent told me, boy i hate estate agents.
 
Old Nov 9th 2003, 5:33 pm
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Default Re: Uk house values

It did not give me a acurate figure either, it must work on avereage regional prices. It would be better if it worked by post code.
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Old Nov 9th 2003, 5:37 pm
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It doesn't really get the postcodes right either. It puts Wokingham, Berkshire into Outer Metropolitan.
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