Zoopla /rightmove house valuation

bigisi

fishglobe wrote: »

How about allegedly selling house way below market value or even purchase price? Could this be real, error or something else?

They are young couple with small child so they couldn't have sold it to it.

Yes they could.

TBagpuss

Zoopla / right move values are virtually meaningless. My house allegedly shot up in value last year, if you believe them. In real life, it didn't, it's just that the beautiful Old Rectory up the road sold last year for £1.2m and skewed the average for the postcode.
It's likely just an error. Someone has input in post code wrong, or there has been some other glitch.

Unless you are trying to sell or remortgage, it's irrelevant, and if you are trying to sell of remortgage, get sa proper valuation.

If it bugs you, mention it to your neighbour and let them raise it with zoopla.

Crashy_Time

fishglobe wrote: »

Hi all. I have been regularly checking my house value on mentioned sites and noticed some discrepancies just now. We bought our house 4 years ago for 200k and few month ago it was estimated nearly 250k. Following latest check the value dropped by 15k and I wondered why so started checking recent sales in the area and didn't see anything unusual apart from one thing. Our next door neighbour bought their house one year after us and paid the same price as us. And here is the twist. Current zoopla/rightmove records are showing that their house was sold 2 months ago for 135k.

But 1. It couldn't have been sold as they still live there as normal.

2. this sale price is unrealistic as all houses in the area are within 200k + range.

Anyone has any idea what possibly is going on, is it something dodgy? Or is it possible that there is data error on zoopla/rightmove stating that their house was sold way below market value?

I don't fancy go asking neighbours as dont want them to think we're being nosy.

Appreciate all suggestions.

Put your house on the market and see what offers you get, you can always take it off later, that should put your mind at rest, a real world valuation sort of thing.

kinger101

Crashy_Time wrote: »

Put your house on the market and see what offers you get, you can always take it off later, that should put your mind at rest, a real world valuation sort of thing.

You can also get a hefty bill from an agent if they find a willing and able buyer. Not a good plan.

tori.k

I really wouldn't truck with Zoopla out of curiosity ive just check ours its showing at 3k less than we purchased it for yet the neighbours are 27k more than our purchase price which considering we are a 3 bed and the semi- detached end of the four houses and they are a two bed mid terrace I find the prices flaky. no wonder some people get confused over the value of there property