Zoopla house price estimate

A Zoopla house value, or Zoopla price estimate, is a value that Zoopla believes your house is currently worth if you were to list it for sale on the open market.

If you are thinking about selling your home the chances are that you will have stumbled upon the free to use Zoopla house valuation tool. While getting a house price estimate online is very convenient, many people in the property industry question how accurate such tools can really be. In this blog, we look at who Zoopla are, how their free online house valuation tool works and how accurate it is. We also run through if there is ever a good reason to use it, and the differences between it and its competitors. Launched in , Zoopla is a property website which collates and provides property listings for the UK housing market. It is currently the second largest active property portal in the country, after Rightmove. And so many homeowners come to rely upon Zoopla as they search for a new home or try to work out exactly how much their property is really worth when selling.

Zoopla house price estimate

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There are many other reasons a Zoopla price estimate can be inaccurate, which we have detailed below:, zoopla house price estimate. We do more than just giving you a house price estimation; we will give you a cash price that we can buy your house for in full, covering all the fees, including the legal ones, and also completing in a timescale of your choice! Getting a house valuation on Zoopla is quick and convenient, but its accuracy is questionable.

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If you want to sell your house you might decide to get a Zoopla valuation for it. Zoopla offers not just one but two ways to value your house. Firstly, they offer free agent valuations where an agent inspects your house. Secondly, they offer estimated valuations. An estimate is essentially an automated valuation of what your house is worth.

Zoopla house price estimate

If you are looking into the valuation of your home before you sell it or if you want to get an idea of the value of a property you intend to purchase, you might be asking how accurate are Zoopla estimates. Even I was amazed when I did the calculations! The strategies you learn in this article will not only save you money, but it will also reduce the stress of buying your next home. I use two of my properties to demonstrate how Zoopla estimates are not accurate. If you take nothing else from this article, it is to know that the accuracy of Zoopla estimates should be taken with a large pinch of salt. Zoopla uses data from a number of sources to provide estimates on over 26 million properties in the UK, and includes:. Zoopla estimates do not include any extra work that has been done to the property which has yet to be recorded.

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How can we help? After all, a house with a recent extension, well-fitted kitchen and top of the line bathroom suite is worth far more than it would be without them. The information about sold house prices is not always publicly available, and Zoopla might not have access to it. We agree that Zoopla estimates at best are just that — estimates. Zoopla gives you a figure with two figures on either side, a high and a low figure, so you can see a range of what your house could be worth. To generate a Zoopla house price estimate you will need to visit www. This is so that Zoopla can then market their additional services to you. Is it realistic? You should not use this figure for marketing purposes as you stand to either fail to sell the property if it is an overestimate. It's important to pay attention to the confidence level Zoopla has given you, as it can help you understand how accurate the estimate is. How accurate is it? Unless you are looking at ways to acheive a very quick house sale you will more than likely hold out for the very best price at the end of the day. What with Zoopla working purely around data, accuracy is vital. John Morgan at - Reply.

Just that really - have any of you who have sold recently know how accurate these are for those of us outside the London property bubble? They are only reliable for houses that have just sold and been updated from LR. Otherwise, wildly off.

After all, a house with a recent extension, well-fitted kitchen and top of the line bathroom suite is worth far more than it would be without them. Now if you ask us, valuations that don't rely on recent information aren't reliable at all - must be why they call it an estimate. Similarly, the largest of all UK property listing websites, Rightmove also offers a local house price analysis tool. A house that is practically falling down is going to be worth a lot less than one that has recently undergone a full refurbishment. Although if you ask Zoopla they don't. The site can really struggle If few houses on your street have sold recently. The information about sold house prices is not always publicly available, and Zoopla might not have access to it. The data that will be used for your Zoopla house value is sold house price data from HM Land Registry and Registers of Scotland, what your Energy Performance Certificate EPC rating is, official survey records from accredited surveyors, address data from Royal Mail and Ordnance Survey and information about nearby properties that are live for sale or rent. How reliable are Zoopla house valuations? This can be particularly useful if your home is in an area with few recent property transactions or where you have outstanding features such as a large garden or lots of reception rooms. High confidence means there are a lot of similar homes to yours in the area, the data is up to date and the market conditions are steady. We also run through if there is ever a good reason to use it, and the differences between it and its competitors. Sometimes, properties on one street can be worth substantially more than comparable others just over the road. Some house sellers might choose not to make their sold house prices public for privacy reasons. How does Zoopla calculate sold house prices?