1. What is UK Property Valuation?

UK property valuation estimates the market value of a property based on its size and the average price per square meter in the area. This basic calculation provides a starting point for property assessment.

2. How Does the Calculator Work?

The calculator uses the simple valuation formula:

Where:

• \( Area \) — Property size in square meters
• \( Avg\ Price\ per\ Sq\ M \) — Local average price per square meter in GBP

Explanation: The calculation multiplies the property's total area by the average price per square meter for similar properties in the area.

3. Importance of Property Valuation

Details: Accurate property valuation is essential for buying/selling decisions, mortgage applications, insurance purposes, and investment analysis.

4. Using the Calculator

Tips: Enter the property's total area in square meters and the local average price per square meter. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: How accurate is this valuation method?
A: This provides a basic estimate. For precise valuations, consider professional appraisal that accounts for location, condition, and unique features.

Q2: Where can I find average price per sq m data?
A: Check Land Registry reports, property websites like Rightmove/Zoopla, or local estate agents for area-specific averages.

Q3: Does this work for all property types?
A: Best for standard residential properties. Commercial properties or unusual homes may require different valuation approaches.

Q4: Should I use internal or external measurements?
A: UK valuations typically use Gross Internal Area (GIA) - the total floor area measured to the internal face of external walls.

Q5: How often should valuations be updated?
A: Property values change with market conditions. Re-evaluate every 6-12 months or when making significant financial decisions.