An Estimated Value is the approximate calculation of a property's value based on local property data and property market data that's available at the time using an algorithm.
Estimated Values are calculated for each individual property nationwide with associated ‘confidence indicators’ as to how accurate we believe the estimated value could be based on how much data is available for the subject property.
It's important to note that an Estimated Value isn't a professional valuation but an automatically generated output and it's meant to be used as a general guide for property related conversations. Estimated Values are not substitutes for seeking professional advice from a valuer or real estate agent.