My sold price data is missingSold price data is supplied to us in monthly updates from the government. There can be a delay of 3-6 months between the transaction date and when it's officially recorded and passed to us.
Why is this? There are a couple of reasons that this can occur. It can take up to 2 months from the sale of a property and the registration of this data with HM Land Registry, to be supplied to Rightmove. There are exemptions that HM Land Registry have for the provision of data under certain circumstances.
All you need to do is send a request to our Customer Support Team. Click Chat below and the virtual assistant will assist you. Please note that while we can remove historic listings, we do not remove any sold price information. The history will be removed within 48 hours of us responding to you.
Third, Zoopla says it gets its estimated valuations from region, property type and asking prices of similar properties in your local area. This is an automated process by Zoopla's property valuation system called Hometrack. Finally, Zoopla does not take into account the unique selling points of your home.
Price Paid Data is based on the raw data released each month. The amount of time between the England and Wales that are sold for sale of a property and the registration of this information with HM Land Registry varies. It typically ranges between 2 weeks and 2 months.
We can remove the description, images and floorplan from a Sold Price record at the home owner's request. Sold price information is available in the public domain and on many other websites including HM Land Registry, we won't remove sold price information itself.
Controversies with Zoopla's Online Valuation Accuracy
We often see that some of the house valuations provided by Zoopla are over or underestimated. Indeed, there have been reports of the differential being up to 50%.
The broad consensus is no. The accuracy of Zoopla's property valuation tool varies substantially. While Zoopla makes the majority of it's money from listing fees paid by estate agent and not the sale of property it does not have a vested interest in inflating or deflating a property's value.
Key Takeaways. Zoopla estimates offer a general property value sense without bias but may vary in accuracy, relying on past data and algorithms. For unbiased valuations, consider a RICS surveyor, though it's costlier. Blend Zoopla's estimate with recent sales data and estate agent input.
We update our estimates every month, using the biggest comparable database in the UK. But they are by no means a valuation of your property. That's where our estate agent partners come in: to give you the best and most accurate valuation on your home. Why not book an agent valuation with Zoopla.
Sold subject to contract, or sold STC, means that the buyer has made an offer and the seller has accepted it. But in either case, until the paperwork is completed and the contracts are exchanged – neither the buyer or seller are legally committed to the sale.
You can easily find our Zoopla house price estimate (where we have one for a property) to see what a home is worth, view a Property timeline to look at it's history including historical sale and listing events, and track a property you're interested in.
Normally, no problems arise from properties not being registered to their new owners yet. This is because registration happens after the property is sold – usually after completion and collection of the keys, and after Stamp Duty or Land Transaction Tax (if applicable) has been paid.
The price may be too high, your listing may not be showing it off to its best, your estate agent may not be getting it on the right portals, or maybe there's a short lease that's putting people off. Your estate agent should be able to give you advice on what might be slowing you down.
Another advantage of Zoopla is its affordability for estate agents. While agents still have to pay a fee to list their properties on Zoopla, it is generally lower than Rightmove. This means that some properties may be listed on Zoopla that aren't available elsewhere.
The changes, which build upon Zoopla's Vision which it announced to the market in January, aims to drive better engagement and reiterate why Zoopla should be the first choice for homeowners and movers now, across the property lifecycle, and over a lifetime of property decisions.
For example, if your neighbour moved in more recently than you, we'll have extra sales data on their property. We'll include that information in our calculations. Your property may be very different from those around you, which would also account for different estimates.
The more people viewing your property the more chance it has at being sold. Rightmove is currently the market leader. In 2021, Rightmove says it had 208 million visits per month across its platforms and Zoopla says its listing search results pages attracted over 120 million visits per month.
The most common reason for a property not updating is that Zoopla has not yet received the update via the feed. In order to help you investigate this, please contact Member Services.
Withdrawal of official search with priority. 150. —(1) Subject to paragraph (2), a person who has made an application for an official search with priority of a registered title or in relation to a pending first registration application, may withdraw that official search by application to the registrar.
Are house prices going down? The short answer is yes; over the past year, property prices are down. The average house price fell by 2% in the year to October 2023, according to the latest data from Nationwide.
