How much more for a 3 bed over a 1 bed flat

[philv]

Hi

what percentage more approximately would a 3 bed flat be over a 1 bed flat?

Cheerd

[Stedman]

Zoopla or Rightmove would be your friends, surely?

[philv]

Not many flats like it in the area (East midlands).

Flat valued by estate agent at 125.
Zoopla 115.

Remortgage valuation 95

it is a 3 bed.

a 1 bed in worse condition in same block just sold for 64.

[superlightr]

philv said:

Not many flats like it in the area (East midlands).

Flat valued by estate agent at 125.
Zoopla 115.

Remortgage valuation 95

it is a 3 bed.

a 1 bed in worse condition in same block just sold for 64.

Your asking who to believe is the more likely to be correct valuation?

What zoopla came out to look and give you a valuation based upon what exactly? a special formula?

or the EA who I imagine is a real person, worked locally and knows the current market has given a valuation based upon experience and real knowledge.

[JulianPH]

Hi phily

I am looking at this (in the same region) myself.

I have always worked upon the basis that the larger the house (and plot) the higher the value (the internal size of the house being paramount). So far I have not seen anything that goes against this.

I am going for a 3 bed semi in a good area rather than a 1 or 2 bed flat for the same price in a not so good area. PM me if you would like to chat (or post another question!).

[Rangeroverover]

superlightr said:

Your asking who to believe is the more likely to be correct valuation?

What zoopla came out to look and give you a valuation based upon what exactly? a special formula?

or the EA who I imagine is a real person, worked locally and knows the current market has given a valuation based upon experience and real knowledge.

Please ignore Zoopla valuations they are complete fantasy

[superlightr]

Rangeroverover said:

superlightr said:

Your asking who to believe is the more likely to be correct valuation?

What zoopla came out to look and give you a valuation based upon what exactly? a special formula?

or the EA who I imagine is a real person, worked locally and knows the current market has given a valuation based upon experience and real knowledge.

Please ignore Zoopla valuations they are complete fantasy

whooosh + parrot.

[philv]

Thanks to all.

It isn't really that important.

It was just that a studio in north London in a particular block I am very familiar with was 210....and a 2 bed was 400.

So for a flat in the Midlands, 1 bed 64 and 3 bed 95 didn't match up percentage rise for more bedrooms.

But I guess London has it's own rules that do not apply elsewhere.

[Nickyboy]

Round here a half decent 3 bed is £150k+ more than a 1 bed flat

[philv]

How much is that in percentage terms?
ie, how much is the 1 bed flat?

[Nickyboy]

Typical one bed is £150k plus

My brothers 3 bed is £280k, new builds £300k plus

[Behemoth]

1. Floor space is a far better way of measuring differences (ie £ per sq ft or m2), but the relationship is not linear
2. EA valuations are almost certainly inflated as they use this crude tactic to pull in sales business
3. Areas will differ according to supply & demand (if yours is the only 3 bed flat within 1/4 mile and all else is dominated by studios & 1 beds, yours will be relatively more valuable)
4. Zoopla works reasonably well when it has a lot of recent data within a postcode