How to research property?

Itismehonest

sirmosh wrote: »

Zoopla is often miles off, although 200k sounds a bit much even for Zoopla. Mind you, a local house worth £1.5mil+ with acres of land around it is listed as a mid-terrace on Zoopla.

All you can really do is look a properties in the general area and consider what they've sold for/are asking for.

Zoopla has real drawbacks.
If I put in my full postcode it only has a price for 1 property which sold in 1998 - OK so places around here don't change hands often.

If I put in the first half of the postcode plus the number from the second half it gives 1200+ properties which are spread over a very wide area ranging from small terraced houses in large built-up villages to large places with land in the countryside.

Zoopla is incapable of giving an accurate estimate in such a mixed property area. It will either overvalue the smaller places or under value the large ones. A £200,000 difference (or more) is quite easy to get under these circumstances.

The only way is to compare like for like in the same small area.

pinkteapot

Zoopla is nonsensical.

Go to Rightmove and look at the 'House Prices' section. Put in the postcode of the property you are interested in and have a look at what nearby, similar properties have sold for recently.

SG27

The technique I use (which someone posted on here ) is to find last sold price then go to the land registry house price index. Search for the postcode and search for a house price index report (I think) then select "from" the date it last sold "to" the latest date. You then get a chart and a table. Look at the table and take the index number for the date it last sold and the price it last sold for. Divide the price by the index number then multiply the answer by the latest index number on the chart.

This will work out what the price would be according to the land registry. It seems to work quite well for the ones I've done. If you can get a house for less than that figure you are doing well.

Itismehonest

pinkteapot wrote: »

Zoopla is nonsensical.

Go to Rightmove and look at the 'House Prices' section. Put in the postcode of the property you are interested in and have a look at what nearby, similar properties have sold for recently.

Unfortunately, I get "There are no sold prices that match your criteria." from Rightmove so not much help either.
Hopefully, though, the OP will get more success.

Conrad

I don't like this area - the undercurrent of plastic gangster / only way is Essex / Marbella / big range rover bouncer types. Far better areas with much better schools within 20 miles.

hazyjo

Conrad wrote: »

I don't like this area - the undercurrent of plastic gangster / only way is Essex / Marbella / big range rover bouncer types. Far better areas with much better schools within 20 miles.

LOL oh yes, cos we're all like that in certain parts of Essex

Jx

mogwai

Conrad wrote: »

I don't like this area - the undercurrent of plastic gangster / only way is Essex / Marbella / big range rover bouncer types. Far better areas with much better schools within 20 miles.

LOL plastic gangster.. My parents actually live nearby so reason enough for us to be looking here but I actually like the area, and WGreen is within catchment of some very good schools so no probs there..

I do like the monkhams area but not much going atm unfortunately!

Looking at sold prices and comparing like for like in terms of sq ft, specs etc this is not bad at around the £750 mark..

PS. I can't stand Repton Park, don ask me why but only a chump would pay way over the odds to live in a glorified council estate.. Ok it's nicer than that but the prices are still ridiculous..