How To Use Zoopla And Rightmove To Find Deals- Property Investing With Abi- Episode 3


– How do you find the best
deals on Rightmove and Zoopla? Today I’m gonna show you
all the tips and tricks of finding the best property deals. Welcome to “Property Investing
with Abi”, that’s me. And over the next 12 weeks
I’m gonna be showing you property investing in just normal houses. So hit the Subscribe button
if you haven’t already. So the first thing that so,
when I’m property investing and when I’m looking for deals, I like to get deals off market, but if there’s no deals off
market or if I’m struggling I go to good old Rightmove and Zoopla. So Rightmove and Zoopla are
what all estate agents use to advertise properties on, but this means the estate agent’s been to the property, valued it and usually it’s
on with an estate agent, which can sometimes cause a few little issues when you’re investing. Nothing you can’t get past but
you just need to know that. So I wanna show you today how
to use Rightmove and Zoopla and which are the best bits, ’cause you don’t need to know
how to use all of Rightmove, all of Zoopla, you just need
to know what’s the fastest, quickest, easiest bits for you to use. So the first thing I’m gonna do is I’m gonna start off with Zoopla. Now, the reason I start off with Zoopla is ’cause Zoopla’s got a feature on it, where you can find the
most reduced properties. Now, the aim of the game of finding deals is we want to find properties
below market value. So that’s below the current
market value, the street value. We wanna buy properties under that, because what we want to do is we want to do something
called buy, refurb and refinance, we wanna pull all our
money out of the deal, but to do that, we need to
buy it below market value. Now, the quickest way to find that is houses that have been reduced, because when you’ve got a
seller reducing their house, they’re a motivated seller. They want to move fast,
they want to sell quickly. So Rightmove doesn’t have
this feature but Zoopla does. So all I’m gonna do is
if I can spell it right, is go to zoopla.co.uk. You’re gonna be looking
at, For Sale properties. So I’m gonna stick with
the area that I know because for finding good
deals you really need to have a little bit of knowledge about the area or you need to have someone you can ring that knows about the area. But I live in Doncaster,
I know about Doncaster, so that’s where I’m gonna start off with. So all I do is in Sale, I put Doncaster. Now in the Advanced Search Options, and I want to sort by Most Reduced. I wanna pull up the houses
that have been reduced ’cause this is the best way
I’m gonna find the deal. So if I just click, so all
I’ve done is Doncaster, I’ve got no other
parameters and Most Reduced, now, I’m gonna pull it up. Now, we’re gonna pull big
houses and small houses. So it depends what your budget is and how much you want to
buy, pay for the property. I sometimes I’ll buy
50, 60, 70 grand houses because that’s easier
lump of money to use. Sometimes I’ll do more expensive, so it just depends what I’m looking for. We now got a percentage on Zoopla saying, “Down by 42.9% reduced.” So we can see what’s
been reduced in the area. So let’s find one that’s
not an online auction. Here we go. We’ve got one in Doncaster Town Moor, it’s been reduced by 25%,
and it’s down at 120. So let’s just click into this. Now, what I’m looking at is
I’m looking at the pictures. So I’m looking at what
work it needs to doing. So the garden has been left
to grow, and it’s empty. So empty is a good sign. So when houses are empty, typically, the seller isn’t
getting any money for them or any use out of them. They’re not living there, and they’re not getting
any rent for the property. So empty houses are
quite a good one to do, you can negotiate, ’cause at the minute, the seller’s in pain, nothing’s
happening with that house. They’re not having to get it, yet they’re still having to pay potentially, mortgage and council tax. That looks like a good
solid house, first look at. EPC Grade E. So what does that tell us? That some improvements
might need to be made. And currently, they’re okay renting it out on an EPC Grade of E, but when
legislation moves next year, they won’t be able to rent it out. So it’s gonna need
improving, so we know that. So if I go down, and I
can see the history of it. So it was first put on, so the 27th of September
it was put on, so wow. This was first listed in
2019 for 160,000, in July. Then in August, it was reduced to 150. September, it’s been reduced by 140. October, it’s been reduced to 135. And now the fifth of November, it’s been reduced again back to 120,000. Now, it also tells us this was last sold on the 31st of May, 2000 for 53,000. Look at that increase in price. So unless the vendors
remortgaged we’ve got some time he’s got money in there and we’ve got, that means we can negotiate with him. So if I just go up to
the top, what we want is I want the postcode of this property, ’cause what I’m gonna do
now is I want to head over to Rightmove and have a really good look about what’s happening. And I prefer Rightmove to do it ’cause you can get market stats on Zoopla, and you get property sold nearby, but I just like it easier on Rightmove and I like to see what
information’s on Rightmove. Your EPC, sometimes the EPC has a postcode but this one doesn’t. So what I’m gonna do is I’m
gonna Google the postcode for Goldsborough Road, Town Moor. Put Doncaster in, Put Doncaster in, just to make sure, there we go DN2 6DG. So I can go on Rightmove and I can pull the property up much faster than if I was just searching. Let’s have a look. Here it is. So we can see it on Rightmove now. So I’m just checking if
there’s any other information that wasn’t on Zoopla,
because estate agents have systems what they advertise, so they have a system that
runs their estate agency. And that pushes the information
to Rightmove and Zoopla, but sometimes that system doesn’t push the exact same information
to Rightmove and Zoopla. I don’t know why I think it might be the connections to do with that. So sometimes you might get
slight different information. So what I’m gonna go on here
now is Property Sold Nearby, I’m gonna view more. Now, this is what I like about Rightmove because you can see the
properties that have been sold and you can see the pictures. So it’s more clearer
than when you’re using Zoopla Market Stats,
’cause Zoopla Market Stats will give you a list, but
you can’t see pictures and you can’t get a full
feel of what’s going on. Okay, sometimes from that. So now I know it’s number
21 Goldsborough Road. So I’m gonna write that
down, 21 Goldsborough Road. And it’s important that
you know the full address. So that’s one of the ways to do it. Now, they’re wanting 120,000 for it. So to know if it’s a good deal, I need to see what’s
been sold in the area, ’cause when you’re doing
below market value properties, you need to be sure that you’re
gonna get the end valuation. So when I buy a property and refurb it, I need to be sure that the
value is gonna come out and give me the value I want when I’ve got it up to market value. So that’s how you make your money in below market value deals. So I’m having a look on here. Now, our property is a
three-bed semi-detached house. So I’m only looking at
three-bed semi-detached houses. So I’ve got a four-bed here that was sold last June for 177,500. Wow, four-bed. I’ve got a three-bed that was
sold on the 1st of December. And that was sold for 128,000. So that’s our nearest
comparable, most recent 2017. So it is nearly two years old. So let’s just have a look
at the pictures of here. What condition was this sold in? So this was sold in Dec. and pretty nice, it looks like it’s had a bit of a refurb and a bit of a uplift. We can see there, lovely. So pretty much, ours needs
more work but pretty much. So two years ago, one sold
on the street for 128,000. They want 120,000 for ours,
and they’re reducing it. But we have had a four-bed sold. So I’m just gonna have a
quick look at the four-bed. So it looks like it’s a nice corner plot. Oh, lovely. I’m not that keen on the
decoration, but there you go. And we know so that sold for 177,500. So I kinda think in a done up
way, mine will probably sell maybe 135, 145, and that’s
what I typically be aiming to get the value you were
to give me, 135, 145. So I’ll put that 135 to 145. And they have tried selling it. Now, you can see on
Rightmove the road here. So sometimes I like to have a look in the other roads and see. So what I would normally do
is see what sold on the street and how much it was sold for
and try and get an estimate of what I think mine might be valued at in a done up condition. And then, I like to have a look
around the streets as well. So we haven’t got that
much time in this episode. But if you’re doing this,
I would have a look around the streets around the areas
and just get a really good feel for what properties are selling at. Pay attention to condition. Make sure you’re comparing
apples to apples. So I couldn’t compare, I couldn’t compare the fact
that a four-bed to a three-bed ’cause it’s not the same,
and a corner plot to a, just a semi-detached,
normal situated house. So just compare apples to apples. Look at the dates. And then, valuations is a bit, there’s no right or wrong with it, you just have to go with
what you really feel. Now, I’ve been an estate
agent for quite a long time. So I kinda get the hang of valuations, but that will come in time
when you’re looking at it. So we’ve got this property, and we know what we think
it’s gonna sell for. And if I go back to the property listing, it’s got conservatory, it’s saying it’s got two reception rooms, it’s got an attic room, we know it’s gonna need work with the EPC. So, the other thing that you
probably want to look out on Rightmove is you wanna
pull the full brochure ’cause again, there might be more details in the full brochure that you don’t know. And sometimes what I do is
when I go to the viewing, I’ll print the brochure out, and then I’ve got my calculations
then I’m all ready to go. So looking at the pictures,
this is gonna need some work, and it’s definitely gonna need some work to its heating system. So that’s what we would
challenge it with viewing. So that’s how I typically find deals. I go on Zoopla, I look at Most Reduced, and then I find the property on Rightmove, and I try and get what
the market value will be, and then after I have a look in my head Will it make financial sense Will it make financial self as a below market value property for me? So the other really useful
tip that I use Rightmove for, is I draw a search area. So I think actually, I
quite like this area. I like the house but is
there any other houses I might be able to buy in this area? And this is particularly
good for those investors that like to keep their
investments together. I sort of spread my investment it’s because I like to spread the risk, but if you’ve already bought on a street and you’ve got a good
valuation from that street, you know that other houses
on that street are good, so you can draw a search area. Not only can you draw a search area, you can set up Rightmove
to give you alerts when anything in that
search area comes up. For example, I recently bought
a property in Rotherham. I know I get the valuation for it ’cause I’ve bought the property, done it up, got it valued,
got the money out of it. So I know it’s a good place to buy and the value, as well value high. So I’ve drawn a search
area and I get alerted anytime that this comes in. So I’m just gonna go on Define My Area. So I’m gonna say I want
to be told of any houses in this area that might be coming up. There we go. So I can view properties
or I can save my area. So what you would normally
do is you would save the area because you want alerts to come, but I’m just gonna view the properties. Now, you can see there’s
Goldsborough Road, and there’s the property
we’ve been looking at. You can see there’s a
house over here for sale. So if I click on it, it’ll come up. So look at this,
three-bedroom semi-detached, 150,000 for the same three-bed that’s going on our
Goldsborough street here. It’s a three-bed semi-detached. This is fully refurb look. So this is what they’re
trying to get 150,000 for it. So that’s good. Not only are we looking at our property, but thinking if I just
wanted not to do any refurb, I wanted a hands free quick,
nice, tidy house, that’s it. I’ve also got some stuff
here in Glamis Road. So I’ve got a property
that needs doing up. Look 109,950, so that might be
one I want to go and pursue. Let’s have a click over here. And I’ve got a three-bed
terraced house in Strathmore. So I’m starting to get to know the area. Now, I’m from Doncaster,
so I know this area. But if you don’t know your area, you really need to make sure you do, because Goldsborough Road might
be a certain type of street but down the road and around the corner it might be lots of
houses for sale because it’s a bit of a rough street, And that’s fine if you’re
doing the rent to buy strategy, but not if you’re doing a
normal tenanted investment. but not if you’re doing a
normal teneted investment. But that’s the best way to
find below market value deals using Rightmove and Zoopla. Next week, we’re gonna be looking
at how you phone an agent. So you found the deal
on Rightmove and Zoopla, how do you now go about
talking to the agent, and booking the viewing,
and I wanna take you through a few tricks of the
trade of how to do that. Don’t forget to subscribe if you’ve not, and I look forward to
seeing you next week. Thank you.

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