Estimating historic value of inherited property

How can I estimate the historic value of a property acquired by a Trust. The Trust was created on the death of my father. Is it acceptable to use, for example, the Nationwide Property valuation index, to estimate the historic value starting from today's market value? Thanks

Hi,

Probate will have given a value of the property at date of death and this should be used. If not you will need to contact an estate agent who can give you a valuation based on similar properties in the same area and standard that were sold around the time your father passed away.

Thank you.

Thank you for your reply. If it transpires that the probate value was low compared with current estate agent valuations, can the latter be used?

Hi Stuart McKinnon-Evans,
No, the probate figure is approved by the courts so must be used.
If the figure declared on the probate is too low, you would need to have the probate amended.
We cannot advise you how to do this, as it is a legal matter.
Thank you.