Property website Zoopla has launched a service to offer housing providers annual valuations of all their stock (in terms of open market value and market rent rate at low, mid and high points) and batch valuations throughout the year. This transparency in service delivery and free access to Zoopla Pro, an online tool for running comparable reports on individual properties, is aimed at making housing providers more efficient and flexible in their decision making and offerings to the market.
Open market valuations enable housing providers to achieve a consistent approach to rent restructuring and the ‘99’ valuation process. This extends to comparing original ‘99’ values to a deflated 2013 valuation.
Using Zoopla, potential future cash flows from right-to-buy sales and mortgage rescue properties can be forecast to a greater extent and the final decision on disposal is made instantly with the formal valuation taking place afterwards.
A total value of shared ownership equity enables housing providers to focus ‘stair-casing’ where it benefits the most and also reassess their modelling of tenures in terms of asset appreciation in the long term rather than just an existing use approach.