Do you think your house Zoopla estimate is accurate

[Wafflefudge]

Just been on to check their estimate for my property and I think it's been set at about 70% of what my house would be valued at.
No houses nearby that have been sold in last 20 or 30 years so assuming that's why it's not very accurate.
Is yours accurate?

No

I live in a ground floor apartment
Upstairs is the same layout
We bought within a month (new build)

Mine has a garden and is immaculate, upstairs has no garden, dated decor and is... not immaculate (kitchen and bathrooms have carpet)

Theirs is apparently worth 20k more according to zoopla

IMO, most of these sites are really only accurate if the houses, many of them in the same area are the same etc and then also automatically calustes the latest selling price. Therefore, where houses are rarely sold or you have done a lot to your home or a house is a trash can - I'm certain that sites like this that are automated will be far off the mark

The real way to get a realistic price is via 3 EA's and even then it needs to got on the market to assess if people are not just coming the once but are they making offers or not

Ours is way too low but there's a real many x of different types of houses in our road which is probably skewing it. It's also not taking into account the amount of renovation we've done as we completely gutted it, added an extension, added double glazing and an en-suite etc.

Ours is way too low - by over a third. I know because we own it outright but just set up a line of credit account with our bank, and they sent two valuers whose valuations were almost identical.

Zoopla's algorithms are very unreliable...I live in a street of Edwardian semis and they are all very similar in size/gardens etc....the estimates vary by +/-£200k on our side of the street!!

(I use it at work (surveyor) as a jump off point, but as one of a number of data points)

No, because since we bought it, we have had a new roof, new windows, new boiler and an ensuite bathroom added. None of which Zoopla will be unaware of.

Massive undervalue - like half. Its completely different to anything else so not surprised its an outlier

I hope so!

Mine is wildly overestimated I'd say

No. Nothing has sold in my small street for decades, and when we bought ours it was a do-it-upper, which we've done up. We did pay less than the one that sold just before we bought, and it's clear that the Zoopla estimate has just multiplied up from the selling prices back then.

If their estimates are right we are in the wrong CT band.

I think mine is maybe a bit lower than I'd imagine, but I'm in NI and I don't think it's very accurate for this area.

In fact I've just compared by putting our purchase price in and date of purchase into a index calculator for the area which obviously doesn't account for all of the work we did and that puts it at about 20% more than the zoopla estimate so no idea what zoopla did to get such a low estimate.

How do you check it without signing up to the my home guff?

Way under

It deems ours as a 3 bed when it's been extended to a larger 4 bed ten years ago.

Ours in undervalued on zoopla.

Only because the last two similar properties on our road sold this year and were awful (think new roof and structurally requiring lots of work - not cosmetic issues) and they sold at 250k. Ours is valued on there at the same, but realistically worth about 30k more (although valued by an estate agent for £350k last month which is 100% ridiculous and overinflated!)

Ours is slightly over I think

Mine is over valued

I bought it to renovate a year ago and it's still below par for the road. If I finished it off it would be accurate ish.

I know mine isnt, because it's still being valued as it was before we had the extension put on.

Nowhere near, plus for some reason it thinks it is a bungalow. I've contacted them about it on many occasions but they won't change it.

I'm not going to sign up for Zoopla to find out, but I know the value my mortgage lender has for the property is vastly, vastly inflated.

We bought for £343k in 2019, Halifax claim it's now valued for £455k! When in reality we're trying to sell it now and getting no buyers at £365k (and even at the peak in 2022 our neighbours identical house only went for £383k).

Totally in line with what we'd expect. There are three properties like ours that have been extended/loft conversion like ours on the market. Ours has slightly more room, loft conversion layout best and a new roof. Others might have a newer bathroom or kitchen and less room. Two on market £10k less than I'd expect, one £30k more.

Houses brought to where?

Ours looks about right 🤷‍♀️