How much is my home worth? Use this free valuation tool to find out
How much is my home worth? It is a question homeowners ask themselves on a regular basis.
In these tough times a lot of people are finding that the price of their home is falling.
The property market has been hit by the Bank of England’s 14 interest rate hikes between December 2021 and August 2023 which pushed mortgage rates to a 15-year high.
The cost of borrowing is simply too much for many people who would love to buy their first home or move to a new dwelling.
Price rises
However, it is not all bad new across the board, as a number of local authority areas have seen price rises.
Also, these are the properties selling the quickest now on the market.
Additionally, UK house prices showed a surprise rise in October. The increase was likely due to a lack of new homes being marketed, rather than a turnaround in the market, but it is a slice of good news for homeowners.
In the wider economy the UK’s annual inflation rate fell sharply to 4.6% in October on the back of cheaper gas and electricity, its lowest level for two years.
How much is my home worth?
Well, Sussex estate agents, Mishon Mackay, have launched a free on-line tool to see where your property is currently priced in the housing market.
They ‘offer instant online valuations, just enter your postcode below for an indication of what your property is worth. You can also get a lettings valuation to see what rental you can achieve for your rental property.’
To find your free online valuation click on this hyperlink
Related: Average house price increase in your area by 2028 is revealed
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