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v6.13.0

Sale valuations by location come from a national model, with ranges set from past valuation accuracy

Sale estimates from predict by location come from a new national valuation model, and sale ranges and confidence scores are calibrated against real sold prices.

Changed

  • Sale estimates from POST /v1/avm/predict-by-location come from a new national valuation model.
  • For a sale valuation, confidenceInterval is a nominal 80 per cent range and confidenceScore runs from 0 to 1, and both are calibrated against the prices properties actually sold for. The range is not always centred on estimatedPrice. This applies to POST /v1/avm/predict, POST /v1/avm/predict-by-location and POST /v1/avm/analysis. Rental ranges are unchanged.
  • POST /v1/avm/predict-by-location can value more homes, including those whose record gives only a general property type.
  • Sending a propertyType of unknown to POST /v1/avm/predict-by-location values the property as the type we hold for that location. If the property is not one a sale valuation covers, such as an office or a care home, the request returns 400 with the code invalid_property_data.
  • Valuations of retirement properties reflect the retirement market more closely.
  • Each month in the history block of POST /v1/avm/analysis is valued only on evidence available before that month.
  • Estimates, history values, and the change6Month, change12Month and trend figures can differ from those returned for the same property before this release. The response shape is unchanged.