How reliable is Zoopla for valuations?

poppysarah

£104,737 is the estimate for one bought by the local BTL king for 111500 in may.

:beer:

silvercar

The problem with zoopla is that it doesn't distinguish between ordinary sales and desperate ones. I know of a couple of houses on there bought by buy-me-quick operatives that are bringing down the price for the immediate area. There is also another raod where a few houses have been knocked down and rebuilt that are leading to ridiculous upgrades in valuations.

I suppose if you know the houses and can discount the odd valuations, then it gives an idea though it does have a lag and it does exagerate changes (up and down).

Jorgan_2

I've just checked Zoopla again, I told them how inaccurate their site was, my property is now 'worth' in the region of £248k9 (I wish), while my neighbour's house, exactly the same, is showing £261k.

DON79

Yeah well to be honest, there is house next door to us, unoccupied which was bought by a couple last year as a buy to let, they paid £8K more than ours but it needed more work like internal walls taking down and new external doors and the garden is a complete jungle. but zoopla says it is worth nearly £5000 more than ours. yet it is in need of the same work probably and unoccupied. and the house next door to that one is worth £20K more than mine but it is fully refurbished more or less.

Who knows really?

[Deleted User]

I just checked it and it says that my house has come down about £50K in the past year, yet it is worth £62K more than I paid 3 years ago. Hmmm me thinks it is not very reliable!

Conrad

Its rubbish. A call to 3 local EAs is a much better guide. EAs know what hones are worth without visiting in most instances.