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How accurate is Zoopla?
Comments
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If a value on Zoopla is the same as what it ends up selling for then it's almost entirely coincidence.0
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baskerville wrote: »Any ideas on how accurate Zoopla is with regards to property value?
Zoopla's valuations are a joke. I've just entered all the details for my house and the valuation is out by almost £400,000! :rotfl:0 -
Zoopla is a laughing stock, nobody takes their figures seriouslypoppy100
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Zoopla pricing=joke...It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
I would be worried...they tend to overprice by lots and lotsIvana_Tinkle wrote: »Zoopla's estimated value for our house is £85k less than the price it's currently under offer at!It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
Even a broken clock is correct twice a day. Having said that it also means a broken clock is more accurate than Zoopla.0
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Guess it depends what sort of place you are looking for. If it's a housing estate on a street where all houses are the same, and lots have sold recently, it'll be fairly accurate. But then again, so would you be if you checked sold house prices!0
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It's not accurate for my area, but that's because I live on a council estate we the properties are low priced, and a 5 minute walk to the top of the road and you are talking massive 6 beds houses that are half a mill so it gives a high average for my area because of the postcodes.I'm never offended by debate & opinions. As a wise man called Voltaire once said, "I disagree with what you say, but will defend until death your right to say it."
Mortgage is my only debt - Original mortgage - January 2008 = £88,400, March 2014 = £47,000 Chipping away slowly! Now saving to move.0 -
It is not accurate.
It thinks that number 1 and number 11 are worth £147k and it thinks mine which has exactly the same floorplan/design is worth £125k. So I negotiate better than the purchasers of 1 and 11 and my Zoopla value is lower. It thinks that number 21 which is the same as mine but no garage is worth £142k and it thinks the tiny 1 bed semi detached bungalows are worth more than my 3 bedroom semi. The bungalow is on the market for £110k and zoopla says it's worth £127k.
Then on the other hand we have 3 blocks of 9 flats on the street. You would think they would all be worth around the same as they are all exactly the same. The values range from £64k to £76k.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
It's not accurate. They are showing our sold house price at £100k in 2008 when we paid £270k for it. I contested it but as they get their data from the Land Revenue they cannot change it apparently. We bought the house off my deceased mother in law so it was part inheritance. We are trying to sell our house and I am sure that it goes against us at the moment.0
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