Rightmove vs Zoopla valuation

michael1234

I've just noticed that Rightmove are now offering an instant "valuation" service much like Zoopla. I had always presumed the main method was based on starting with the last sold price and applying house price inflation since that time and for that area to get a rough current selling price.

In my case, the last sale was in Nov 2010. Zoopla has the current "valuation" at 106% of that value and Rightmove has it at 58.6% That's quite a difference.

I wonder if other people's experiences are similar or have they found the values closer together. If largely based on inflation I wonder how they could be so far apart ?

Edit: I just checked the Nationwide database which only goes up to 2024 Q4 but that shows 77% growth so somewhere inbetween. I suspect that is the most accurate but don't know of course.

MeteredOut

Just checked, and RM is comparable to Zoopla on our house valuation estimate.

Smalltownhypocrite

We are buying a house and rightmove valued it at £78,000 and Zoopla at £120,000.

Rightmove seems low, Zoopla seems high and we are paying in the middle. I think it struggles more as the house hasn't sold since the early 90s (so no modern data) and is dated to the 70s but also has been altered (so bigger) than all the others on the street so no real comparable.

saganaki20

Mine is exactly the same on both sites. 

Beeblebr0x

Zoopla makes me laugh as it lists some houses in my road as terraced when, in fact, they are all semis.

MeteredOut

Beeblebr0x said:

Zoopla makes me laugh as it lists some houses in my road as terraced when, in fact, they are all semis.

When we moved into this house, Zoopla had the number of bedrooms, bathrooms and reception rooms wrong for our house. It had the option to correct details, and I did, but they then removed that feature, and it reverted back to wrong again. The feature is now back and It's now correct again. I'm not sure these changes actually affected the valuation it gave though,

Rightmove has the wrong number of bathrooms (too low) but a valuation just above Zoopla.

will1122

Both Rightmove and Zoopla use different data models, so it's common to see big valuation differences. Zoopla leans on past sale prices plus area trends, while Rightmove factors in current listings. The Nationwide index is often more reliable as it’s based on real mortgage data. For accuracy, a local agent valuation is best.

ic

Just had a play with this - the right move page allows you to add on any major renovations like extensions and loft conversions.  Using it, it gives me an estimate that is ballpark where I'd expect it to be for my house.

Mutton_Geoff

Zoopla £1,093,000
Rightmove £1,325,000
Local agent £1,500,000

The figures are meaningless, it's the buyer(s) who will decide.

michael1234

Mutton_Geoff said:

Zoopla £1,093,000
Rightmove £1,325,000
Local agent £1,500,000

The figures are meaningless, it's the buyer(s) who will decide.

That is true but my figures look a bit like yours in reverse. My argument is that yes in theory people offer what they want to offer, these valuations by the big property websites are influential. As someone helpfully pointed out Zoopla uses previous sale price plus house price inflation for the area. Why wouldn't that be used by anyone (obviously as a starting point only as extensions, rebuilds etc aren't taken into account).