Property Moose is dedicated to providing the most accurate valuations on all our properties. As a result, we’ve decided to change the way we do it.
Previously, we used Zoopla’s Zed-Index to determine regional growth and regional decline. We would combine this with a RICs approved partner surveyor, which would value each individual property once, before we secured it.
We decided to upgrade this method to provide a more localised, accurate projection. After careful deliberation, we decided to value our properties through Spicerhaart. Spicerhaart will replace our previous method and provide a localised, specific forecast for each individual asset. We believe that Spicerhaart’s panel of valuers will use their combined experience, expertise and extensive local knowledge to match our high standards. Hopefully, this will highlight the potential of each individual asset. In addition, due to the cost difference between this new method and our previous one, we will now be able to value each individual asset every 6 months. As a result, in an average investment term of 3 years, an individual property could be valued up to 6 times. This is significantly more than our previous single valuation.
We believe these changes will improve our strength in the market and provide a more professional experience for our members. It must be remembered however, that the real value of a property is the price that someone will pay for it when we come to exit. Our valuations are no guarantee of a property price, and your own due diligence should be conducted. That said, our profits are tied to yours. We believe it is in both our interest and yours to conduct extensive research into a property’s potential, and ensure we are doing it in the best way possible.
Our members are at the forefront of our growth, which is exactly why we strive to provide the best possible service. We believe that this change will provide a more accurate, localised valuation, giving our investors a greater insight into the potential benefits of our investment opportunities, thus allowing investors to make more informed decisions.
Written by Andrew Gardiner
Disclaimer and Legal
Property Moose does not provide any advice in relation to investments and you must rely on your own due diligence before investing. Please remember that property prices can go down as well as up and that all figures, rates and yields are projections only and should not be relied on. If in doubt, please seek the advice of a financial adviser. Your capital is at risk if you invest. This post has been approved as a financial promotion by Resolution Compliance Limited.
Property Moose is a trading name of Crowd Fin Limited which is an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (no: 574048).
