1 Property HelpBack to Help Index
- 1.1 Overview
- 1.2 Property Value Table
- 1.3 Value Change Table
- 1.4 Value at Peak Table
- 1.5 Property Selected as 'My Preference'
- 1.6 Property Data Source
Property data is split into 3 tables:
- Property Value
- Value Change
- Value at Peak
Property information is unavailable for locations in Scotland due to fees associated with obtaining the necessary data. Fees are not charged for obtaining data for property sales in England & Wales.
1.2 Property Value Table
The Estimated Property Value for each property type is calculated by LocationCounts and is based on historical property sales within the vicinity of the location. Property sales in close proximity to the location receive a greater weighting than those further away. The estimation should be seen as a guide to property price in the selected location and not a professional valuation.
The Estimated Property Value for the selected location is compared against all other locations across England & Wales and a Rank is calculated by LocationCounts. Ranks are in the range 1 to 100 with 1 being an area with one of the highest estimated house value and 100 being an area with one of the lowest.
A comparison between the Estimated Property Value for the location selected and the national average is calculated and displayed. Along with the Rank, this provides a guide to how the Estimated Property Value in the location selected compares to all other locations in England and Wales.The table also provides details of the proportion of sales by each property type (highlighting the make-up of properties in the vicinity of the location) along with a guide to the the volume of historical sales (highlighting how often properties of each type become available for sale).
1.3 Value Change Table
LocationCounts calculates a Property Value Index that is a sophisticated measure of changes in property values over time. This table provides a short (1 month), medium (1 year) and long (5 years) view of the how property values are changing in the location selected. The Index for the selected location is compared against all other locations across the England & Wales and a Rank is calculated by LocationCounts. Ranks are in the range of 1 to 100 with 1 being locations with the highest increase (or lowest decrease)in property prices in the last 12 months and 100 being locations with the smallest increase (or largest decrease.
1.4 Value at Peak Table
This table shows the peak value that properties around the location selected have reached along with when the peak occurred and the percentage difference between the peak and current estimated values. How this compares to the national peak is also displayed.
1.5 Property Selected as 'My Preference'
If the Property category is selected as a 'preferences' then a Match Level is calculated that determines how closely a location matches the preferences set. The 'Match Level' is displayed as a series of 'ticks' - the more green ticks displayed then the better the match. The 'Match Level' for the Property category is based on how close the Estimated Property Value for the Property Type selected is to the mid-point of the property price range set within 'My Preferences'. If the 'Property Availability' box is ticked in 'My Preferences'' then the historical number of properties sold is also factored into the calculation.