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. Zoopla gives you a figure with two figures on either side, a high and a low figure, so you can see zoopla house price estimate range of what your house could be worth. Just like any house valuation, a Zoopla price estimate is a rough figure as to what your property could be worth if you were to sell it in the current market. Due to the nature of it being an estimate, Zoopla provides you with a main middle figure and then two figures on either side, zoopla house price estimate, with one being the lowest possible figure and one being the highest.

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.

Zoopla house price estimate

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What is a Zoopla house value?

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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. The data on Zoopla is updated every month, where the exact date depends on the source. Zoopla say that their estimate is a guide only and that it should not be used in place of a valuation by an estate agent.

Zoopla house price estimate

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. All they do is take the average price increase for the area and apply it to the last sold price. My house has two values. My neighbour has recently bought their house, the price they paid is the exact estimate on Zoopla DD1 is moving house - her house is priced very similar on Zoopla to what she was offered; the one she is buying is higher than the Zoopla estimate.

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So, what is a Zoopla house price estimate? Learn how your comment data is processed. Different styles of housing Not every house on a street is the same. Is it realistic? This allows Zoopla to provide an estimated sold price for a property, which is based on similar recent sales in the same area. This then allows you to see the whole range as to what your house could be worth. The only sure way to obtain an accurate house price estimate is enlist the services of an estate agent or chartered surveyor. In my experience, Zoopla has wildly overestimated values in some locations. We also run through if there is ever a good reason to use it, and the differences between it and its competitors. Possible vendors may be initially gladdened with estimates showing on zoopla which may prove disappointing with the reality of actual sales figures achieved. It earns money primarily through advertising fees and providing services as well as data to the property industry. 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. To get an accurate valuation you will need a local estate agent or chartered surveyor. By far the best way to get an accurate value of your property as possible is to ask a minimum of three local and experienced estate agents to provide you with a free valuation.

If you want to sell your house you might decide to get a Zoopla valuation for it.

Some of the data regarding sold house prices might be inaccurate or outdated, and Zoopla takes steps to verify the information it provides to ensure its accuracy. Save my name, email, and website in this browser for the next time I comment. How do I use the Zoopla house valuation tool? We will appoint you a specific agent who will be your main point of contact throughout the whole process, helping you to feel reassured or supported. To generate a Zoopla house price estimate you will need to visit www. We hope this helps — good luck! Zoopla obtains its sold house price information from a variety of sources, including the UK Land Registry, which collects data on all property sales in England and Wales, as well as from other public and private sources, including estate agents and property professionals. They don't take into account the perception of the buyer or the appraiser's opinion, which are crucial factors in determining the value of your property. Leave A Comment Cancel reply Comment. Or you could potentially lose out hugely if it turns out to be an underestimate. Not every house on a street is the same. Once you are on the website, you will be asked to enter your postcode and choose your property address from a convenient dropdown list of recorded properties. Why us? If you want to know the exact sold price of a property, you can check the Land Registry website in the UK, which provides this information for a fee.