Automated property valuations also known as Instant Property valuations are specialised, automated pieces of software that look to provide accurate and instantaneous property valuations without the involvement of costly professionals. Thanks to advancements in modern technology, these services are improving year on year; the most reliable valuation services on the market receive constant updating and pull from dozens of reliable real-world data sources, thus ensuring the ever-increasing accuracy of their reports for the benefit of prospective property buyers.
Firstly, Automated property valuations can save you the time and financial investment of hiring a professional appraiser. As stated earlier, the recent advancements in analytic technology have brought the best instant property valuation services up to a professional standard; nowadays, there’s little reason to hire a dedicated appraiser except for particularly niche properties.
Furthermore, with so many properties begging for your consideration at any given time, instant property valuations offer a quick and reliable way to cherry-pick the most lucrative properties in a specific area.
Finally, as the current global situation develops, visiting properties in person are becoming increasingly undesirable (and sometimes completely unfeasible) for buyers and sellers alike. For this reason, instant property valuation services are seeing a boom in popularity, and real estate companies are racing to develop their own accurate software.
As with most things in life, instant property valuation services are not made equal. Some draw from multiple vast data sets, while others rely on a worryingly narrow collection of (sometimes outdated) information sources. Additionally, some services make the most of their data, pooling it together into a tangible, easily applicable series of charts, figures and points of comparison. On the other hand, there are other services that do frustratingly little with the data they find, leaving you stuck trying to apply it to your specific situation. Before you use any instant valuation service, be sure to understand where their data comes from and how they put it to good use.
Are you looking for a reliable automated property valuation? Property Deals Insight has exactly what you’re looking for and more…
Most property valuations take into account the same set of variables. (Location, bedrooms, bathrooms, gardens, parking, overall condition, etc.) We take it a step further, providing a far more accurate valuation as a result. Our unique valuation algorithm factors in the price per square metre (price PSQM) of a property alongside every other variable, making our instant valuation more accurate than any other widely-available source.
Typical valuation reports can’t reliably identify the difference in value between different properties if, on paper, they contain similar features and offer similar amenities. With our proprietary algorithm, we’re able to differentiate properties based on price PSQM and provide a detailed valuation that wouldn’t previously have been possible.
Other companies are beginning to understand the power that algorithms such as ours give to buyers, but we’re ahead of the curve when it comes to implementing those tools in a tangible way. We’re already bestowing powerful knowledge onto buyers, saving them money and giving them greater power when interacting with sellers.
Sellers and buyers alike generally use the same set of tools and methods for determining the value of properties. With the increased insight provided by our valuation reports, we give buyers more information, and therefore more power, when it comes to negotiating deals with even experienced sellers. Both regular buyers and property developers have negotiated using exclusive data from our Property Insight Reports, and in doing so, have saved tens of thousands of pounds and ensured a stellar ROI.
Property Insight Reports pool data from a number of trusted and official sources ranging from HM Land Registry, Office for National Statistics to Ordinance Survery, VOA, Ofcom and many more. Our tools analyse and collate this overwhelming amount of data into one cohesive, easily-digestible report that will save you countless hours of tedious research.
New data sources are added on a regular basis allowing us to enrich the services you get all the time.
We’ve designed our Platform with power and simplicity in mind. Whether you’re in the market for a new home; looking to buy, flip and make a quick profit; or after a cheap property to renovate and rent, our Property Insight Reports will pull from thousands of data points to guide you towards smart choices and wise investments. Even estate agents stand to impress their clients with the instant, in-depth data our tools generate. Let’s explore exactly how Property Insight Reports can help you.
Upon entering the details of your chosen property, we’ll take you to the initial “Property Valuation” screen (shown above). Here, you’ll find a range of valuation metrics including property valuation, rental valuation and price PSQM. This is a great first stop for buyers looking to determine whether a property is worth pursuing further.
With these tools, you can view genuine properties available to buy or rent nearby to your chosen property. With graphs that give a visual representation of local pricing trends, as well as links to the property listings themselves, you can support our Automated Valuation Model with findings of your own and come to a 100% informed decision.
Designed for buyers looking for a strong “buy to let” investment, the Cash Flow tool shows you the potential annual cash flow and gross rental yield for a property, with figures based on the earlier valuation report. A series of graphs and charts also help you visualise the breakdown of monthly costs, upfront costs and how much cash you’ll have tied up in the deal over the years.
Although the information provided by this tool is informed by the valuation tool by default, you can change each data point manually and assess how the future outlook shifts as a result. This is invaluable as a tool for helping you determine whether a property is worth your investment and your room for rental negotiation with potential tenants.
This shows you the potential for ROI in a short-term flip situation and whether the investment is worthwhile in the first place. Just like the Cash Flow tool, it populates the report with data pulled from the earlier Property Valuation Report and our trusted sources, but every data point can be manually tweaked and the analysis report will adjust accordingly.
The Recent Sales tool shows you all the relevant sales in your property’s local area since the start of the previous calendar year. Here, you can view and compare property sales on an individual level, including both their final sale price and price PSQM. Contextualising your research with real-world examples is a crucial step in making an informed investment decision; with the Recent Sales tool, we’ve cut out the tiresome digging that such a task usually entails.
Finally, the Energy Performance Details tool fetches the Energy efficiency rating for the property directly from the MHCLGs EPC register. The government has proposed that all rental properties will need an EPC rating of band C or above by 2025. The new regulations will apply to new tenancies first, then applied to all tenancies from 2028. And the penalty for not having a valid EPC will also be raised from £5,000 to £30,000 from 2025.
Don’t get caught out, find what the potential rating can be with a few improvements.
