Crash n Burn Report post Posted January 21, 2011 A couple is seen talking to somebody off screen and the man advises that he has been looking for a second one, something a bit different for the weekends. He is in fact talking about houses, and the narrator advises that the perfect property can be found at Zoopla. Makes me feel a little queasy . . . especially as it usually follows the Barclays handcar ad Quote Share this post Link to post Share on other sites
ydbc Report post Posted January 21, 2011 A couple is seen talking to somebody off screen and the man advises that he has been looking for a second one, something a bit different for the weekends. He is in fact talking about houses, and the narrator advises that the perfect property can be found at Zoopla. Makes me feel a little queasy . . . especially as it usually follows the Barclays handcar ad It's difficult to take Zoopla seriously. Some of their valuations are, on the face of it, ludicrous. See this example:- >> 40 Ballards Green, KT20 6DA >> Sold in Sep 2009 - £365,000 >> Zoopla current value £366,000 >> Increase 0.27% >> >> 48 Ballards Green, KT20 6DA >> Sold in Sep 2009 - £250,000 >> Zoopla current value £314,000 >> Increase 25.6%!!! Both bought in the same month, just three houses between them and yet, even in the present climate, Zoopla reckons one has risen over 25% in just 16 months, whilst the other hasn't moved. Must have been that oil well found in the garden of number 48 - or maybe something seriously wrong with the Zoopla algorithm Quote Share this post Link to post Share on other sites
Democorruptcy Report post Posted January 21, 2011 It's difficult to take Zoopla seriously. Some of their valuations are, on the face of it, ludicrous. See this example:- >> 40 Ballards Green, KT20 6DA >> Sold in Sep 2009 - £365,000 >> Zoopla current value £366,000 >> Increase 0.27% >> >> 48 Ballards Green, KT20 6DA >> Sold in Sep 2009 - £250,000 >> Zoopla current value £314,000 >> Increase 25.6%!!! Both bought in the same month, just three houses between them and yet, even in the present climate, Zoopla reckons one has risen over 25% in just 16 months, whilst the other hasn't moved. Must have been that oil well found in the garden of number 48 - or maybe something seriously wrong with the Zoopla algorithm Surely a company that advertises property for estate agents wouldn't overvalue properties? Their clients i.e. estate agents wouldn't like that would they? Zoopla Ltd is a privately held company with a highly experienced and proven management team, backed by well-respected angel investors and leading venture capital firms Atlas Venture (atlasventure.com) and Octopus Ventures (octopusventures.com). In August 2009 we acquired The Property Finder Group which included propertyfinder.com, one of the best-known and most-visited property websites in the country, as well as other popular online property assets including HotProperty.co.uk. Quote Share this post Link to post Share on other sites
porca misèria Report post Posted January 21, 2011 Both bought in the same month, just three houses between them and yet, even in the present climate, Zoopla reckons one has risen over 25% in just 16 months, whilst the other hasn't moved. Must have been that oil well found in the garden of number 48 - or maybe something seriously wrong with the Zoopla algorithm It's a guess. The lower-priced one might actually be worth more than the other. It it was lower-priced *because* it needed a lot of renovation done, and someone has now done that, it might now be the best house on the street. On the other hand, if it was lower-priced because it's a lot smaller then it would be little-changed. The zoopla estimate falls between those two extremes. Quote Share this post Link to post Share on other sites
