Property value

Property value & house prices

An indicative value indexed from the property’s own last sale, plus recent sold prices nearby — factual public record, useful context rather than a formal valuation.

Typical result: Indicative

Understanding local values is part of understanding a property. HM Land Registry publishes the sale price of almost every home in England and Wales, which makes recent nearby sales a factual public record — not a marketing estimate. A screening turns that record into useful context.

About this data

HM Land Registry Price Paid Data records actual completed sale prices, and the UK House Price Index (HPI) tracks how values change by area and property type. Both are published under the Open Government Licence. Some new-builds at first sale and certain confidential transactions are excluded.

How the indicative value is built

Where the property has a recorded previous sale, we take that actual sale price and index it forward using the Land Registry House Price Index for the relevant local authority and property type, up to the latest published month. So a home last sold a few years ago is uplifted (or reduced) in line with how that specific local market has moved since. This is an indexed estimate, not a valuation: it assumes the property changed in line with the local average and ignores improvements, extensions, condition and individual features.

Recent sales nearby

We also list recent completed sales in the same postcode — last-sold prices across property types — so you can see the range of local values for yourself. These are the same comparables an estate agent or surveyor would start from, presented transparently.

An indexed estimate is a sense-check, not a valuation. A mortgage valuation or an estate-agent appraisal — which see the actual condition and improvements — will differ, sometimes substantially.

What it means for you

Use the value context to sanity-check an asking price and to understand the local market before you offer. If the indicative figure and the asking price diverge sharply, that is a prompt to ask why — the home may have been improved (justifying a premium) or there may be an issue to investigate. For a definitive figure, rely on a RICS valuation; for everyday confidence, sold-price context is hard to beat.

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