The Importance of an Accurate Property Valuation, and How It’s Done

by | Jan 5, 2026 | Guides and Top Tips, News

The Importance of an Accurate Property Valuation, and How It’s Done
When it comes to selling, letting or refinancing, one of the very first questions people ask is: “What’s my property worth?”
It’s not just about putting a number on bricks and mortar. An accurate valuation is the foundation for everything that follows, from setting the right asking price, to securing finance, to making informed decisions about your next move.
At Oakwood, we see time and again the difference a precise valuation makes.
Why getting it right matters
  • Avoiding the pitfalls of overpricing or under-pricing
    Overvalue a property and it risks sitting on the market for months, growing stale and often leading to awkward price drops. Undervalue it and you could end up leaving money on the table.
  • Making clear decisions
    Whether you’re weighing up a sale, letting potential, or even future investment plans, a reliable valuation gives you the confidence to plan properly.
  • Working with lenders
    Banks and mortgage providers rely heavily on accurate figures. If a property is over- or undervalued, finance can be delayed, or in some cases fall through altogether.
  • Meeting legal requirements
    Valuations are also crucial for inheritance matters, divorce settlements and tax planning. In these cases, precision is not just helpful, it’s essential.
How we approach valuations at Oakwood
Valuations are never a “one size fits all” exercise. Our Chartered Surveyors and property professionals combine market evidence with years of local knowledge. Some of the main factors we consider include:
  • Location: Demand in the area, transport links, schools, local amenities and the overall character of the neighbourhood.
  • Size and layout: The footprint of the property, how the space is arranged and whether it works for modern living.
  • Condition: From kitchens and bathrooms to structural integrity, every detail counts.
  • Comparable evidence: Recent sales and rental values of similar properties nearby provide a solid benchmark.
  • Potential: Scope for extensions, conversions or future development can make a big difference, particularly for rural and agricultural properties.
Above all, our valuations are rooted in expertise. It’s the combination of data, local insight and experience that ensures the figure we provide is both realistic and dependable.
Why Oakwood?
With over 30 years of working across Cheshire, Manchester and the wider North West, we’ve built a reputation for valuations you can trust. Whether it’s residential, commercial or rural property, our team delivers advice you can act on with confidence.
Thinking of selling, letting or simply curious about your property’s current value? Get in touch with the Oakwood team, we’d be happy to help.
📞0161 941 4228