Changed
- Sale estimates from POST /v1/avm/predict-by-location come from a new national valuation model.
- For a sale valuation,
confidenceIntervalis a nominal 80 per cent range andconfidenceScoreruns from 0 to 1, and both are calibrated against the prices properties actually sold for. The range is not always centred onestimatedPrice. 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
propertyTypeofunknownto 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 returns400with the codeinvalid_property_data. - Valuations of retirement properties reflect the retirement market more closely.
- Each month in the
historyblock of POST /v1/avm/analysis is valued only on evidence available before that month. - Estimates,
historyvalues, and thechange6Month,change12Monthandtrendfigures can differ from those returned for the same property before this release. The response shape is unchanged.