An Estimated Value is derived using a proprietary automated valuation model (also known as an AVM) that applies advanced mathematical algorithms to analyse our data and identify relationships within a specific geographic area, for a specific time period using property attributes, features and sales history. The Estimated Value is accompanied by Confidence Indicators for each property which is based on the quality and recency of the data that is attached to the property and the comparable information in the surrounding area.
Due to the size of the data that is within the property universe, changes in the market and/or the introduction of new data can lead to changes in the Estimated Value.