How can I check property prices in an area?
Answer
There are a number of sources for checking historical prices.
Land Registry is a record of all transactions that have completed in different regions of England and Wales but the areas covered are quite large and they only split property types by flats or houses.
Nationwide has a database of mortgage application values which will give you a vague idea but figures at a local level can jump around depending on what was being sold and when.
Rightmove will tell you what properties have sold close to the one you are looking at and often include the full property details along with photographs. I find this one of the best way to size up what sold, when and for how much.
To learn more about who you can size up property values in a particular area pick up a copy of my ebook How to Really Buy a Property.
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How to Really Buy a Property
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Property FAQ
- How can I check property prices in an area?
- Are Zoopla price estimates accurate?
- Should I pay the asking price for a house or flat?
- The property price was £190000 I offered £191000 and accepted the property was showing sold as after survey I lowered my offer to £181000 and provisionally accepted again ,but now it is on market and
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Property Terminology
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- Agreement in Principle
- Exchange of Contracts
- Homebuyers Survey
- Leasehold
- Sealed Bids
- Sold Subject to Contract
- Sold Subject to Survey
- Subsidence
- Rising Damp
- Land registry
- Asking Price
- Reserve Price
- Guide Price
- Property Bubble
- Contract
- Trading Gap
- Property Cycle
- Off Plan
- Retention
- Yield
- Down Valuation
- Lifetime Mortgage
- Negotiator
- Lease Length
- Loan to Value
- Pooled Commission
- Joint Sole Agency
- Conditional Exchange
- Under Offer
- Gazump
- Upsizing
- Fall Through
- Agreed Price
- Draft Contract
- Share of Freehold
- Sale Agreed
- Upward Chain
- Cash Buyer Only
- Vendor Suited / Suited Seller
- Bridging Loan
- Credit Check
- Offer Agreed
- Gazumping Insurance