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How accurate do people find Zoopla?

56 replies

zooplahoopla · 18/04/2011 09:39

We had a low offer on our house (about 60% of asking price) and the offerees made reference to the Zoopla estimate.

I was quite shocked to see that the Zoopla estimate was about 70% of our asking price which we had quite carefully considered and which was the mid-valuation of 3 local EA's Confused

I've randomly compared a few local properties on Rightmove and some seem accurate, others way off. Anyone else had any similar experience? Or it is usually a bit more accurate?

OP posts:
fedupandfifty · 20/04/2011 19:12

I've never found it useful either, and doesn't advertise correctly either. IMHO nethouseprices is more accurate and is the site most used by property professionals. Poor Lawrence!! Brave of him to come on, only to be mauled..

NoelEdmondshair · 20/04/2011 20:23

Brave Lawrence??? He only came on to post some links!

ChristinedePizan · 20/04/2011 20:31

If Lawrence wants to be really brave he could fork out for someone to code his software that actually comes up with a realistic price

CaveMum · 20/04/2011 21:48

Zoopla gave us an estimate 20k above the highest valuation we got from 3 estate agents.
Totally unrealistic in the current climate in our area.

AngelicToad · 21/04/2011 22:16

It's not at all accurate. They are suggesting mine is 80k lower than its actual price. I happened to get the house for quite a bit lower than the asking price as there were problems that came up on the survey. We have also done a lot of improvements to the house, which Zoopla obviously do not know about.

barbarajean · 24/10/2012 14:37

Zoopla is just a waste of everyones time. Their estimates are way off to the detriment of the seller. Thanks to Zoopla under valueing our house in excess of 20k we have jeoperdised the sale of our house and the friendship of the prospective buyers. Zoopla obviously do not realise the trouble they cause to vendors. They should stop this function until they can calculate a more reliable estimate. I dont see how anyone can estimate the value of any property without first seeing it!!!!!!!!!!!!!!!!!!!!!!!!!!

AudreyCox · 24/10/2012 14:49

Waste of time IMO. They really should make it more clear that they are only basing it on others fold and what the current owner paid. We currently have ours on the market for 100k more than zoopla says its worth. All the houses in this street are very different with about 500k of a price band between them.
Ours was in a state when we bought plus we bought in 2009 so knocked the vendors right down. We've replaced kitchen and bathrooms and had house rewired and skimmed throughout.

But we knew about zoopla inaccuracies from selling last time so we have kept the old particulars to show any potential purchasers what a state it was if they bring up the zoopla valuation.

kensingtonkat · 24/10/2012 14:52

This is a dead thread, Barbara Jean, the last posts were 18 months ago.

Zoopla is a mathematical model, and the more information that's fed into it, the more accurate it becomes. It's pretty accurate on my street, although I've noticed it doesn't take account of orientation.

You can submit your own information about your own house if Zoopla have got it very wrong.

Surveyors often value without viewings. I've remortgaged several times and they've never been to actually see my house. They estimate using square footage, which is recorded in your deeds I believe.

MrsBungleBear · 24/10/2012 14:58

I haven't found it accurate at all. It says my house is worth 10K less than I paid 4 weeks ago. When I first put my house details in it put it at almost exactly what I paid for it.

When I added in the extras - like the en suite, the extension, the conservatory and 4th bedroom it didn;t seem to be aware of - it decided that with all that added on, the house was actually worth 10K less. That makes sense, right enough.

MrsBungleBear · 24/10/2012 14:59

Doh, just seen this is a year old!

CuddyMum · 24/10/2012 15:13

Hi, Zoopla over estimates our house price at the moment. However, this was not always the case. You can submit changes (eg sq footage, number of rooms etc). It takes sometime (weeks) to update the info and revise the price. You can do the same on Mouseprice too.

soverylucky · 24/10/2012 15:42

This reply has been deleted

Message withdrawn at poster's request.

DididdleiDi · 18/05/2013 09:47

We purchased our house in 2004 for £209,500 which wasnt at the height of the market, the house was a ruin and hadnt been lived in for 7 years. The house has been totally renovated, another bedroom added with a full en suite, another bathroom added making 3 bathrooms 4 double bedrooms, we put in a £20,000 kitchen and knocked 3 rooms into 1 to make a 32 foot kitchen family room with a cathedral roof living room, also a oak framed garage...in total we spent £150,000 on the house...Zoopla have stated our house is worth £258,000!!! We had a valuation done on the house by the bank in 2007 at £280,000 which I believe was at the top of the market and before we had finished the major part of the works on the house. However, our problem is that two other houses sold in our street for well under the asking price but both of those houses there were reasons for this, the first a tiny 1 bed bungalow which was basically a shack but had lots of land sold for £95,000 and the house across the road from us had been in the same family for generations sold on the day it was listed with the estate agents for well under the asking price...because we intended to purchase that house and when we said we would give the full asking price the estate agents said no it had an offer on it and when we said we would pay 15,000 over the asking price they said it had been sold, we know who purchased it, it was the original owner the farmer across the road from us!!! Zoopla are doing us a great disservice by listing it without taking all these factors into consideration. The last offer we had on our house was £100,000 under the asking price!!!! I am totally peed off with Zoopla

CuddyMum · 18/05/2013 10:02

You can update your details and Zoopla and Mouseprice to reflect changes you have made - they then amend their estimates.

Crutchlow35 · 18/05/2013 17:38

Why are you bumping a 2011 thread

greenformica · 19/05/2013 10:43

It's rubbish. Estate agents valued out house 65k above the zoopla price. Zoopla can't tell if a house has been done up or extended or had a lof conversion. I think it just considers the general area's % increase and uses that info to work out a supposed house price.

SconeInSixtySeconds · 19/05/2013 11:03

It may be an old thread but the subject matter is still relevant Crutchlow.

rosieposey · 19/05/2013 18:21

I agree Scone - i emailed them as we had our house on the market 6 months ago and had an interested party who offered us 20k below what our place was worth citing Zoopla estimates and 'other factors' Hmm

Its only three years old and is a lovely 5 bed detached which was also on cheaper than the like for like properties in our street (it doesnt have a garage only a carport).

They emailed me back saying that there was basically nothing that they could do and that they wouldnt amend the information despite me pointing out that there is an identical house on our street valued at 40k more.

I think they cause alot of trouble for people as potential buyers, especially ones who dont know the area can really pin their knowledge on what they read on Zoopla.

froggy41 · 28/10/2013 14:54

My house in zoopla has been estimated at £110 over the EA, and I think the EA valuation is right (unfortunatly). It seems that Zoopla magic a number from somewhere....

aceman · 03/04/2014 22:44

I think Zoopla misleads the marketplace. I think the government should take a closer look as it's market manipulation.

Eg: check out this estimate in London.

bit.ly/1gqVteC

It's can't be right???

stackablegoatbearingcheesecake · 03/04/2014 23:05

Just realized this is a Zombie thread.

Zoopla have no way of knowing what's been done to a property since it last sold.

I reckon it's value is about £400,000 out on our house but I don't see why I should enlighten then, it's no one's business but ours and we're not selling.

Even more alarming is that it has our house on its data base twice and at two different values Grin

Barbaralovesroger · 04/04/2014 21:37

Our zoopla estimate was 60k out on a house all estate agents valued at 300. So way out.

mrslawrence · 22/04/2014 17:20

lol zoopla are so wrong. Please do not take notice of their valuations. If they are correct I have just paid £30K too much for my house.

goggle1 · 06/02/2015 15:49

Bigger company have money to do stupid projects. With Zoopla's calculator, you'll know the price of the Earth. Under QE, buy it, don't be homeless. Both BBC and Zoopla are killers to those easy to be cheated.

Jens55 · 17/05/2019 15:46

I am amazed that Zoopla can still continue to provide such woefully inaccurate property valuations and even that some people still think they are true when even houses that are next door to each other and which are identical are given different valuations!