The true value of any property will only be known when a sale is agreed. The agreed value for divorce purposes is the estimated value you and your spouse agree that the property is worth, based on the evidence.

That evidence may be

• recent ‘sold prices’ data from the land registry,
• the advice of a local estate agent, or
• a valuation report from a chartered surveyor.

Using sold price data

You can access land registry sold prices free of charge via the .gov website here Search sold property prices – GOV.UK

Rightmove, Zoopla and other websites also provide sold price data.

House price index

The land registry and some lenders also publish house price index which may further help you estimate the value of your property if there haven’t been any recent sales.

You can find details of the house price index on the land registry website here UK House Price Index.

Nationwide building society has a handy free calculator to help you use the index to estimate the value of your property.

 

Using an estate agent to value property in a divorce

This is another cost-effective way to value your property. A local estate agent will usually give you an idea of value free of charge. They will usually also confirm this in writing or in an email.

 

A formal valuation report

A report is not strictly necessary unless you are unable to agree using the above 2 methods. Reports are carried out by a chartered surveyor. You can find details of surveyors in your area here RICS Find a Surveyor

You can of course also use an internet search.

Surveys vary in cost, usually in relation to the amount of detail you require and whether the report is to be addressed to you or to the court. You can expect to pay anything from £300 plus VAT to over £1000.

 

Summary

A formal valuation is not required. You can use resources on the internet or an estate agent to help you agree the value of your property.