Is Zoopla's price estimate a good reference?

[HeartOrHeadDecision]

Just wondering whether in general you find Zoopla's estimate price a valid reference? I know it won't take into account any major renovation works or decorations but in general? If we talk about smth ordinary.
Especially if you bought/sold recently.

It's an estimate with a wide variance depending on what has been recently sold in that particular area. It does not consider the condition of the property inside or extra features like garage, garden size, off road parking etc. A good guide would be how much a similar size and condition property has recently sold for.

It's useless, valued my house at £600K when identical houses on same road have gone for £500K in the last year. God knows how they can be so wrong!

We bought 3 years ago, a number of very similar houses have sold in that time and current Zoopla estimate is approx £100k overvalued - previous sales + a house has just gone on the market all lend weight to my overvaluation theory.

It’s totally out for our area. I’m forever on RM looking at houses & often wander onto Zoopla. They are always over valued on Zoopla compared to what EA have the properties actually listed for.

Works on streets with lots of very similar houses, especially where there is a good turnover. Where houses are individually built and/or very different, or come up very seldom, it doesn't work very well. Prices don't allow for renovations or extensions since the last sale either, or houses that have been neglected since the last sale.

According to most recent Land Registry figures, last month saw the biggest monthly drop since 2001, down 1.4% in a month.

My house is identical to next doors, both internally and externally pretty much including the same kitchen etc, except I've got an extra bathroom that I had put in one bedroom. I bought 5 years before them so paid about £160k less than they did for theirs. Zoopla says theirs is worth up to £90 more than mine! 🤣

No! It currently thinks my house is worth 4 times what it would sell for!

It depends. Ours was wholly accurate - new build 5 years ago, lots of sales in the area so plenty of data for it to number crunch.
previous house we lived in - not even in the ball park. Not sold since records began - house much smaller than others in the area. It’ll either be good or it won’t.

I think it's rubbish. My neighbour and I have mirror semi houses. I'm on a corner, double parking on the driveway but also parking next to the house. Zoopla have a very ancient picture of our house inside taken 15 years ago- not attractive cosmetically to be honest but structurally the same as next door. Since we've lived here (15 years) we've vastly improved it all, kitchen, bedrooms, bathroom, garden etc. Zoopla still value it at 15K less than next door.

The low estimate on our house is 50K above what we paid for it 5 years ago. We are not in the area with substantial price increase so it might be accurate. Not planning on selling tho, just hoping to ride thru the crazy mortgage rates now.

zoopla value is 200k less than our recent valuation. But we are rural with land.