Zoopla's price estimates don't seem accurate

Zoopla's price estimate data seems to be about as accurate as a drunk myopic archer shooting in a gale.

I've just had a look at their price estimates for a street I know very well. The street is lined with Edwardian semi's, all pretty much identical, in size and layout, but with some more spruced than others.

I would factor in a £100,000 price range to cover the worst to the best, dependent on condition, outlook and layout.

So here's what Zoopla's price estimate came up with, in no particular order - £552,181, £917,200, £721,197, £814,769, £690,446, £751,380, £802,387, £849,255, £821,940, £869,873, £1029,766, £828,838, £786,028, £616,478.

With prices from £552k to £1029k that's a range of £477,000. 

It appears that despite grinding through a mass of data, Zoopla's figures are less accurate than a damp finger held up to the breeze.

Zoopla you need to sort out your estimation algorithms.

Don't you just love technology.

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