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How do I find out the properties true price

15 replies

Guavafish1 · 23/06/2024 14:14

Any help website that can give me a price of a house?

OP posts:
Neveranynamesleft · 23/06/2024 14:15

One that's on the market or sold previously??

WowIlikereallyhateyou · 23/06/2024 14:17

Surely like most, it is valued at what exactly you are prepared to pay for it?

DeliciousApples · 23/06/2024 14:30

Zoo pa and rightmove used to do that if you put the address in they will also give you prices for the whole street etc

It just seems to take months for the sold price to appear due to how long it takes for sales to go through. So the info you get is from months ago.

You could be quicker asking a few estate agents how much they'd suggest your house would sell for and then take the average figure from what they suggested?

FoodIsLife23 · 23/06/2024 14:31

Normally I’d put an address of the property I am interested in on google and see what information comes up.
A lot of the time it will give you information on how much that house was sold to the current owner and how much of the houses around there are sold for. Rightmove and zoopla normally have this information as well
hope this helps 😊

DeliciousApples · 23/06/2024 14:31

Zoopla

mondaytosunday · 23/06/2024 14:31

Zoopla gives an estimated price, but it's just going by what it previously sold for and general increase of the area - it doesn't take into account any improvements.
Better to look at very similar houses in the immediate area and what they've sold for. Rightmove is good for that.
But there's no such thing as a 'true' value when it comes to property.

rainingsnoring · 23/06/2024 14:59

There is no such website. Zoopla's price estimates are usually way off.
You need to do some careful research, look at sold prices, although these lag by a good 6 months.
ottaproperty and acadata are worth looking at.

CarsClueless · 24/06/2024 07:49

There's no 'true' price of a house.

A property is worth what someone is willing to pay for it.

BleachedJumper · 24/06/2024 07:53

Yep op, the value of a property fluctuates significantly. You only have to look at the very short stint of Truss to see that lots can impact on a national and local scale.

The mortgage valuation is a decent bet to know if you’re in the right ball park.

Karmatime · 24/06/2024 09:28

Housepricesio and the Nationwide House Price index give an estimate of current value which is based on the sold price at last date of sale. I believe they simply apply the average price changes for the area and don’t take account of improvements (or lack of). I have found both to be more accurate than Zoopla but still really only a guide and better for properties that last sold in the last 10 years.

OnionPond · 24/06/2024 09:31

In terms of hard data, all you can do is check how much it sold for last time it changed hands. That aside, it’s an often inaccurate estimate of current value, or, if you’re buying, the mortgage valuation.

Youdontevengohere · 24/06/2024 09:31

What do you mean by ‘true price?’ Unless it has sold very recently, you wont be able to find a price.
Do you mean approximate value? Zoopla does this, but isn’t very accurate. Most people say it under values but it has massively over valued ours compared to what houses are actually selling for nearby.
Otherwise, its value is just what someone is prepared to pay for it.

macshoto · 24/06/2024 09:41

It depends. If the property is reasonably generic and has similar properties as neighbours Zoopla or RightMove may give a reasonable estimate.

If the property is unusual or very different from neighbouring properties, Zoopla and RightMove can be very poor. It also depends on whether the land registry has been updated with a selling price.

Zoopla's current estimate for our house is c.60% of what we bought it for (more than 10 years ago) and about 45-50% of what it will sell for.

Youdontevengohere · 24/06/2024 09:45

macshoto · 24/06/2024 09:41

It depends. If the property is reasonably generic and has similar properties as neighbours Zoopla or RightMove may give a reasonable estimate.

If the property is unusual or very different from neighbouring properties, Zoopla and RightMove can be very poor. It also depends on whether the land registry has been updated with a selling price.

Zoopla's current estimate for our house is c.60% of what we bought it for (more than 10 years ago) and about 45-50% of what it will sell for.

Even in that case… I live on a street of very similar properties, in the midlands. Zoopla values our house at £534k. In the last year, 4 houses almost identical to mine have sold. None have sold for more than £460k. One sold 3 months ago, in better condition than ours, for £450k. There’s absolutely no reason ours would be worth £80k + more than theirs, 3 months on.

DogInATent · 24/06/2024 09:57

CarsClueless · 24/06/2024 07:49

There's no 'true' price of a house.

A property is worth what someone is willing to pay for it.

^ this

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