One of my clients needed to quickly determine the value for a land with permit to build some 20 flats in Greater London. They needed to decide if that was a viable investment opportunity. Obviously, the flats don’t actually exist so using Zoopla and the rest of the so called “instant valuation” wouldn’t work.
AccuVal is just perfect for this type of use cases because it is powered by AI (not hand-crafted fixed algorithms or magic formulae). Within just a few minutes, my client was able to get the fair market value for the proposed flats. After minor adjustments (based on the supporting data and evidence provided by AccuVal), they determined that the “hoped” market value – as proposed by the landlord – was overinflated by approximately 30%!