Why Rightmove or Zoopla should not value your house!
Property websites Rightmove and Zoopla are always competing for top spot in the portal wars and both keep adding extras to their website to try and gain traction with the general public. One of these tools is the ability to value your property both for rent or for sale. I think the expression is 'a little bit of knowledge is dangerous' - in this case, both of the property portals simply give a value based on the average house price in the area or the average rent price - this is not the house price of your property and I feel can be very misleading.
Right now you can buy a four bedroom house in Sparnock Grove (still TR1) for £240,000 - quite a bit different from the £757,811 that Rightmove quote as the average for the postcode. Even if your follow the (quite lengthy) steps with Zoopla filling in the age of the property, tenure, decorative condition and even the square meter size of your house it still gave me a range of values from 12% to a staggering 20% above the actual market value. Put this another way, would you go and view a property that was advertised at 20% more that it was worth?
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