Are you aware of your property’s value? Alarmingly, recent studies show most UK homeowners are not!
Over three-quarters of homeowners are unaware or misinformed about their property’s value, according to recent studies.
As reported by The Intermediary, new figures revealed that, whilst the average UK house price has risen from £58,000 in 1990 to £297,000 today, the percentage of undervalued, or simply unvalued properties, remains high. A staggering 64% of homeowners undervalue their homes, highlighting the alarming knowledge gap that could be leaving sellers at a disadvantage.
According to Mortar Research, who conducted a survey on behalf of Zoopla, 78% of homeowners in London and the South East do not have a clear indication of how much their property is worth. The research further revealed that 64% of UK homeowners undervalue their properties, most notably in London.
Other reputable sources, including Goodmove, reinforce this evaluation and highlight the need for change.
There are several signs that may suggest your property has been undervalued. Look out for the following:
- Quick offers: Receiving multiple offers soon after listing could indicate the asking price is too low.
- Low offers: If buyers are consistently making offers well below your asking price, it may point to an inaccurate valuation.
- Valuation methods: Different lenders often use varying approaches to assess property value, which can create discrepancies in the figures reported.
It is important to research comparable properties in your area to assess realistic selling prices. If the average sale price of similar homes is higher than your asking price, it may suggest your property has been undervalued. Tools such as Rightmove can be useful for this, or as recommended, always consult a professional, like our team at Gateway, to request an accurate property valuation.
Talk to the professionals
At Gateway, we provide a free, no-obligation valuation of your home to get the ball rolling with your sale. Beyond the face value of your property, we also look at recent sales in your area and current market trends to give you the most accurate value of your property possible.
From there, it’s all about getting as many eyes on your home as possible, with maximum exposure from our eye-catching listings, professional marketing, video tours, premium advertising on Rightmove and social media advertising too.
Best of all, we are currently offering existing Gateway customers fantastic discounts when using any of our sales, lettings, conveyancing or mortgage advice services!
Gateway Customer Discounts
Estate Agency
| Standard Cost | Gateway Customers |
|---|---|
| 1.5% of the selling price | 1% of the selling price Sole or multi agency |
Lettings Management
| Standard Cost | Gateway Customers |
|---|---|
| 10% of the monthly rent | 8% of the monthly rent |
Conveyancing (Sales)
| Standard Cost | Gateway Customers |
|---|---|
| starting at £925.00 + VAT* | starting at £750.00 + VAT* |
Mortgage Advice
| Standard Cost | Gateway Customers |
|---|---|
| previously £295.00 incl. VAT | FREE |
*Terms and conditions apply. Offers available until 1st April 2026.
All you need to do is get in touch with us to claim these amazing rewards. You can call us 01702 443 546, or use the contact form on our website at gatewayresidential.co.uk
