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.

Zoopla house price estimate

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Not every house on a street is the same. How does Zoopla calculate sold house prices? It can be interesting trying to work out either how much a property you used to own is now worth.

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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 is now a big name in the property business. So their estimated valuations carry a lot of weight. Offers in days. No sale, no fee.

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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You should expect a bit of pressure from them as they follow up explaining their estate agency fees hoping you list the property with them. 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 more comparable you need to expand your search into other streets, however the chances they'll match in terms of property type and size are slim. Or perhaps there was a mix up with the tenure. Get a cash offer for a fast house sale. Zoopla Sold House Prices is a feature provided by Zoopla, that gives an estimated price for a property that has recently been sold. Moreover, Zoopla can overestimate the value of your property, leaving you with unrealistic expectations. Alternatively, historic properties can attract buyers who love particular features, such as exposed beams, and open fireplaces. Ultimately, the Zoopla website is owned by an American private equity firm. Ultimately the value of your property will only ever be really settled once you begin to market it for sale. Before you can see your valuation, you will be asked to create an account.

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.

After you have created and logged into your account, Zoopla will show you your house price estimate. While getting a house price estimate online is very convenient, many people in the property industry question how accurate such tools can really be. 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. The problem is that as we look at higher value properties estimates are only exasperated as Zoopla applies the same percentages that only serves to inflate prices to unrealistic levels. All of which makes calculating an average for the street a pretty difficult task. Or perhaps there was a mix up with the tenure. To get more comparable you need to expand your search into other streets, however the chances they'll match in terms of property type and size are slim. As a leading cash buyer, we offer you a straightforward cash offer, eliminating the need for an asking price, viewings, and the hassle of being part of a chain. Despite not giving you a direct estimate as to the value of your house, entering your postcode and looking through for similar property can show you, broadly, how much yours will be worth when it comes time for you to sell. Hi John and thank you for your comment. How accurate is a Zoopla house price estimate?