This is the value or price of the property which it will actually sell for. Generally, this price is associated with the price similar properties in your area or on your street have been sold for. Please be aware that estate agents, in order to attract you as their customer, will put a much higher price on the property than what it would actually sell for. Usually the property will never sell for the estate agent’s price and after some months of waiting - you will be forced to reduce this asking price in order to make a sale. The Land Registry records all sold prices for properties, and the buyer has access to this information – which will make it very difficult to sell at an overstated price. Therefore, it is important to have a fair approximation in order to sell your property at the right price.