Values based on property attributes
Bricks&Logic's House Value Calculator uses sophisticated algorithms and data to provide accurate valuations of properties.
Unlike traditional methods that rely on previous sales data, Bricks&Logic's application creates valuations using various attributes.
This approach allows users to change the attributes and get updated valuations as and when required. For example, if you add an extension to your property, you can use the Value Calculator to calculate the new value of your home based on the added attribute.
See Fig. 01 for an example.
Understanding how Size Affects Price
In our previous article, How to Value my Property, we discussed the relationship between the size of a property and it's value.
The value of a property is not solely based on its location and the number of rooms it has. The size of a property also plays a significant role in determining its value.
The rate of £/ft² for a property can vary depending on its size, with larger properties typically commanding a lower rate. However, the rate of £/ft² can also vary depending on the area in which the property is located. In cheaper areas, the rate of £/ft² tends to decrease at a faster rate as the property size increases (Fig. 02).
In contrast, in more expensive areas, the rate of £/ft² tends to decrease at a slower rate as the property size increases (Fig. 03). This means that larger properties in more expensive areas are likely to have a higher value per square foot than larger properties in cheaper areas.
By using our accurate indices, we can provide you with more precise valuations.
How to Use Our Calculator
To use Bricks&Logic's house value calculator, simply sign up and search for your property on our app.
We will give our assumptions of what the property is based on available public data, which you can alter as necessary.
We will then provide you with a price and how that price has changed over time.
See Fig. 04.
Conclusion
In conclusion, Bricks&Logic's house value calculator by postcode is user friendly and useful for anyone looking to buy or sell a property.
By using sophisticated algorithms and data, the application provides accurate valuations based on various attributes and adjusts values based on accurate indices.
This application can save you time and help you plan your property decision-making accordingly. Try it out now!
Bricks&Logic's House Value Calculator.
