PROPERTY VALUATION ESTIMATE
CALCULATOR

PROPERTY VALUATION ESTIMATE

The Method, Calculator and Step by Step Guide 

​

Property Valuation Estimate is the 1st step in most property strategies. This involves the estimation of the price a property could sell for in good condition.

The reason this is done is to find a property that is being sold below market value and hence deduce if there is a true deal to be made.

The way I estimate the value or price of a property in good condition is by research into that type of property in the same area.

​

The method I use is simple and the calculator below can help with that.

​

Step 1.

I find the average price of 15 properties of the same or similar type in that area or an equivalent area sold in the last 0-12 months depending on the market conditions.

​

Step 2. 

I find the average price of 15 properties of the same or similar type in that area or an equivalent area currently under offer/SSTC.

​

Step 3.

I find the average price of 15 properties of the same or similar type in that area or an equivalent area currently on the market for sale.

​

Step 4.

I speak to between 3 and 5 estate agents and ask them how much a property of that type could sell for in that area. When talking to estate agents, I would also ask about the current market trends and other property types as well that may interest me.

​

Step 5.

I would then calculate the average of the numbers from steps 1 to 4 and this would be my property valuation estimate.

​

The sale price and desirability of a property are affected by location, market confidence, availability of mortgages, proximity to local amenities, the economy, unemployment, future area projects, and more.

I usually conduct a thorough investigation and research of the many factors that affect a property and not only look at the price it could sell for.