I came across this useful house price calculator tool that some may find helpful … http://www.nationwide.co.uk/hpi/calculator.asp
As the starting point you need to know when your property was last valued and what that figure was … for example you can use your purchase price as the approximate valuation, or maybe when you last re-mortgaged. The calculator will then give you an indication as to the value of your property in the most recent year-quarter.
However be aware, the figures are based on UK averages, your property may not follow the UK average (see the earlier post on property prices). Another factor to consider is any improvements you have made to the property.
Overall though the calculator is a useful tool based on historical changes to the average UK prices, if only we had a calculator that could look into the future!
