mouse price or zoopla

[mmmiwonder]

I am trying to roughly value my house. I live in a row of identical terraced houses. Zoopla estimates one of my neighbours 20k more than mine, and the other neighbour 23k more than mine. Yet we are identical. Mouse price comes up with a very different value to zoopla. Are these estimates reliable in any way?

I've only looked at Zoopla previously...it's a best guesstimate only in my opinion.

No, they are not reliable at all. Look at what identical or very similar houses have actually sold for recently on Zoopla sold prices. (Zoopla because for many houses it shows the estate agent photos as well so it gives you an idea of condition.)

OP
All of them are extracing their data from the edited Land Registry set which excludes up to 10% of house sales - especially those at below market value

take both sets of data with a BIG pinch of salt.

Zoopla estimates are wildly inaccurate as they are all based on the last sale price and do not take into account whether the buyer paid under or over a fair price or what the condition of the property was at the time of purchase. If you want to get a (slightly) better idea of your house's value, ask some estate agents to value it.

No, they are wildly inaccurate.

Have a look at what identical or similar houses actually sold for and use that. Though bear in mind that they might have under or over paid, so if you can get a sample that's better than one and don't latch onto the highest if it's out of line with others.

I'm sorry, but your title had me laughing.

Zoopla is a wild stab in the dark.
My house is 5 years old, four indentical houses on the developement, they differ by 100k on Zoopla, because some sold before the bank crisis in 2007 and some after as people who had originally made offers lost their mortgage offers so they were sold with original purchasers options at reduced prices. 3 of us have had our houses valued in the past 3 months and the valuations have differed by 20k as we have a slightly larger plot.

I exchanged on a house very recently.

We are paying £462,500. There was an open house, a few offers made the next working day and it went over the asking price.
Zoopla says it's worth £639k, Mouseprice says £500k - a big difference between all the prices!

Blimey Orange that is a ludicrous difference. Imagine if it was the other way, i think that is much worse, marketing a house at 630k and people thinking (due to Zoopla) that is is actually only worth 460k !

this is a good website for recently sold prices.

We recently had our house revalued for a mortgage and it was about 10% below what Zoopla had it down as being worth.

There is another flaw with these property value websites, all of them have our house down as being sold for 465k, however this was the price the house was marketed at we actually paid 425k, so how do even know if the prices are correct, ours isn't ?

I would also suggest checking quicksold.co.uk.
Covering a wide variety of available information for each postcode in England. From housing information to residential data, crime statistics to sold house prices you can find everything along with wealth and other ranks.

quicksold.co.uk/area-information *This is the correct link.

Nope not reliable. Most of our neighbours have lived here for 15 years (age of houses). We moved in 2 years ago. Half the homes are 4 beds but over garages and terraced whereas ours is detached, larger (extra reception) and bigger garden yet prices on zoopla show all 4 beds the same and our neighbour's 3 bed is £5k less. It's really bizarre.

Quicksold shows 6 crimes in my road in December including 3 shoplifting offences... I live in a cul de sac with 19 homes and no shops

We usually list our properties on sites like Zoopla, Rightmove and PrimeLocation and these are our go to sources for online portals to look for new properties. You should really look it up on the above portals along with Zoopla and try to compare the prices.