Rightmove launches new Renovation Calculator

September 16, 2024
Rightmove logo

Rightmove has launched a unique new tool to help people explore the added value that existing, or planned renovation works might have on a property.

The new Renovation Calculator is an enhancement to Rightmove’s Instant Online Valuation tool. Once people receive an instant online valuation of a property’s price, they now have the option to add in completed or planned renovation works to that property and see the potential impact on its value.

By combining market leading property data with local renovation uplift data, Rightmove is offering people more in-depth instant valuations, by estimating how much value renovation works may add to a home.

Rightmove’s Instant Online Valuation tool aims to provide existing or future home-movers with an instant estimate of a home’s value, ahead of a more comprehensive agent valuation. It lets people track the home’s value over time and provides regular insights to help them to decide when the right time to move may be.

The development of the Renovation Calculator was carried out following consistent feedback that people wanted to be able to see the potential impact of improvements they had made to a home or planned to make in the future.

People can see the potential value-add of major renovation works that increase the size of the property, such as loft conversions, single-story extensions and many other options available to choose from.

The new tool is available for home-movers to use now after requesting an instant valuation for a home.

James Bassil, Rightmove’s Director of Product said: “One of the most common questions we received from people using our instant valuation tool, is that they wanted to factor in significant renovation works they had done since buying the home, or that they planned to make in the future. We’re really pleased to utilise our market leading property data to bring people this innovative functionality. We’re clear with home-movers that this is an initial estimate, and agents seeing the property for themselves will be in the best position to consider any additional value added by renovation works. We’ll be continuing to educate home-movers that agents are the experts and in the best position to carry out a comprehensive valuation.”

Rightmove

UK Property news updates shared directly from Rightmove PLC - the country's leading property portal.

You May Also Enjoy

Breaking News

New anti-money laundering rules now in effect: what landlords need to know

New anti-money laundering (AML) rules came into effect this month, marking a significant change for landlords and the lettings industry as a whole. The new rules mean financial sanctions checks are now required for all lettings, regardless of how much rent is charged. Here, Steve Bond, managing director of residential lettings for Beresfords, explains what…
Read More →
Breaking News

Breaking Property News 4/06/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Stanmore Contractors announces new Stanmore Design House division Stanmore Contractors, the UK’s leading specialist contractor, has today announced the launch of Stanmore Design House, a new division that will provide RIBA Stage 4 and onwards technical design services to its clients – alongside integrated…
Read More →
Breaking News

£200 increase in void period penalties for landlords

The latest analysis by Dwelly, one of the UK’s leading lettings acquisition and success planning experts, has found that landlords have been hit with a 26% increase in the cost of void periods in the past year, equivalent to lost income of almost £200. Dwelly analysed average void period data from March 2024 and March…
Read More →
Breaking News

37% of homebuyers see purchases delayed

The latest research by GetAgent Exchange, a new platform enabling agents to monetise out-of-area applicant leads, has found that whilst the majority of homebuyers also have a property to sell themselves, 41% don’t consider selling their current property until having started the viewing process for their new home, at the very least. The survey of…
Read More →
Seaside Properties UK
Breaking News

Isle of Wight best sun-seeking hotspot for homebuyers

Isle of Wight ranks as most affordable sun-seeking hotspot for homebuyers The latest research from over-50s property specialists, Regency Living, reveals that in the UK’s sunniest county, homebuyers are paying an average of £835 for every minute of daily sunshine. For some homebuyers, living in a place that offers warm weather and sunshine is a…
Read More →
Coastal and sea front property
Breaking News

Coast to city cuts property values by £4,300 per minute

Commuting from coast to city can save homebuyers as much as £4,300 per minute New research from Yopa, the full-service estate agents, has revealed where the nation’s homebuyers can secure a coastal lifestyle whilst also remaining within commutable distance of a major city, saving themselves hundreds of thousands of pounds in the process. Yopa analysed…
Read More →