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Zoopla, how accurate?
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nancyo
Posts: 225 Forumite
How accurate is Zoopla for estimating house valuations?
Thanks
Thanks
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Not very accurate. Estimates are based on the last sale they have on record, so those properties that sold many years ago are way off.0
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what about properties sold 3 years ago?0
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As accurate as a not accurate person getting all the questions wrong on an accuracy exam.
Put it this way I wouldn't put any trust in the figures at all. In fact its easy to rig the figures up or down.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
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satchmeister wrote: »zoopla valued two properties, next door to each other, (flats) with one being 20% more than the other one. The larger property being the cheapest!
No faith whatsoever in zoopla valuations
Zoopla it is doing it with houses in my street as well, that is probably because they have been sold years apart. Their estimates are based on what they sold before regardless of when.0 -
Search this forum for "Zoopla" and "rubbish".
Zoopla really is rubbish.Been away for a while.0 -
It's not great - I think its value is in giving you an average guide price for a certain sized property in a given area.
Your best bet is to look at as many other properties in the area and their prices against square footage and go from their factoring in improvements that may or may not exist.0 -
Running_Horse wrote: »Search this forum for "Zoopla" and "rubbish".
Zoopla really is rubbish.
Oh, come on, be fair! They are only £100k out on my house.
But it's £100k in the right direction!
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Not very.
I checked my own road and the prices houses sold at vary pretty widely and its not possible to see the price my house would be.
One has just gone in my road for tens of thousands less than I would put mine on the market for - I estimate it must have been a tip and I think it has 2 rooms less than mine (but they look the same size from the front). The overall impression from Zoopla is that my house price would be£15,000-£20,000 less than it actually would be and I have worked out exactly in comparison with similar houses in every type of area (cheaper, similar and dearer areas).0
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