The value of a property is ultimately determined by what a buyer or tenant is willing to pay. This value is shaped by various factors, including the desirability of a particular area, proximity to schools, transport links, natural surroundings such as the countryside or coast, and the timing within the broader context of supply and economic conditions.
While online property valuations are widely used, they often fail to account for key influencing factors, such as local demand or the impact of renovations and improvements. Instead, they rely on generalised percentage-based calculations, which can result in significant inaccuracies.
A seasoned local property professional, on the other hand, has a nuanced understanding of these influencing elements. With insights into the expectations of sellers and landlords, they can provide a realistic and well-informed valuation tailored to your property.
For a FREE market appraisal call Kate or Claudia on 02392 632275
