house prices

[stevewool]

are they going up or just staying as they have been for the last few years,
My bros mother in law died a few months ago and there is a house to be sold and the monies is going to the grand children, the value from a estate agent in my mind is way over what i thought it would be, £110,000, lots wants doing to this, no central heating and so on, its a 2 bedroom mid terrace nothing special, my thought on the price was around £73,000 to £80,000, i wonder who is right and who is wrong

[joebloggs]

sign up here steve, click on Sold prices & valuations and enter the post code , it will give you a guide.

http://www.mouseprice.com/

[stevewool]

thanks joe:xxgrinning--00xx3:

[Michael Parnham]

Steve property in the UK is always your best investment long term, it will always increase in value due to quite a number of things, the most important inflation, everything increases in price and never decreases!:xxgrinning--00xx3:

[Iani]

A house is worth........exactly what someone will pay for it.

It's very hard to say what the houses are worth in your area - as it all goes by the classic "location"

A good start would be to check on Rightmove

www.rightmove.co.uk

Look at the top and you'll see a link called "house prices". If you click on this, you can then select "find sold house prices".

Here you can put in a postcode or the street name and town. It will then bring up all houses sold and what price they sold for in the last few years. In many cases you can even click on them and see the house particulars with interior photos.

This could be useful as it shows not what the estate agent thought it was worth, but what it actually sold for.

Don't be surprised to see huge house prices a few years ago - there was a property bubble and prices came down.
The most useful ones are the prices in the last year of course.

Hope this is of some help