Case Study: Accuracy of Property Pricer Tool Showcased in Recent TAS Property Sale

Last Updated, August 5, 2024
Written by <a href="https://propertypricer.com.au/author/jim/" target="_self">Ross McLelland</a>

Written by Ross McLelland

Accurate Property Valuation: Property Pricer Predicts TAS Waterfront Sale Price
  • Property Address:
    21444 Tasman Hwy Four Mile Creek Tasmania 7215
  • Bedrooms4
  • Bathrooms3
  • Car Spaces2
  • Listed for Sale: Harrison Agents
  • Median Suburb Price: $1.12M
  • Property Pricer’s Valuation: $2.751M
  • Actual Sold Price: $2.75M
Property Pricer's tool recently predicted the sale price of a waterfront property in Tasmania with 99.9% accuracy, demonstrating its precision over other estimates and why it's the trusted choice for property valuations.

In the competitive world of real estate, accurate property valuations are crucial. Recently, Property Pricer demonstrated its unparalleled precision with the sale of an absolutely stunning waterfront property in Tasmania. This case study showcases how Property Pricer’s unique valuation method accurately predicted the sale price of this exceptional property, outshining other industry estimates.

The Property: A Waterfront Gem

Located at 21444 Tasman Hwy, Four Mile Creek, Tasmania, this exquisite 4-bedroom, 3-bathroom waterfront property offers breathtaking views and luxurious living. Listed by Harrison Agents Launceston, the property captured the attention of numerous potential buyers with its prime location and stunning features.

Key Details:

Valuation Comparison

The property recently sold for a record $2,750,000, closely matching Property Pricer’s valuation of $2,751,519. This near-perfect accuracy (99.9%) highlights the precision of Property Pricer’s advanced valuation algorithms, even in the absence of comparable properties.

Valuation Breakdown:

  • Sold Price: $2,750,000
  • Property Pricer Value: $2,751,519 (99.9% accuracy)
  • CoreLogic Value: $1,950,000 (71% accuracy)

CoreLogic’s estimate of $1.95 million was significantly lower, demonstrating a 71% accuracy compared to the actual sale price. This discrepancy underscores the reliability and advanced capabilities of Property Pricer’s valuation method.

Property Pricer’s Unique Valuation Method

Property Pricer’s advanced valuation tool employs a comprehensive approach, considering a multitude of factors to ensure accurate property valuations. The detailed property report attached provides transparency by listing all features and measurements considered in the valuation, underlining the method’s reliability.

Factors Considered:

  • Property Features: Detailed analysis of the property’s unique features and amenities.
  • Market Trends: Current market conditions and trends impacting property values.
  • Location Analysis: Assessment of the property’s location and its influence on valuation.
  • Comparable Sales: Evaluation of recent sales data for similar properties, when available.

Conclusion

The sale of this stunning waterfront property for $2,750,000, nearly identical to Property Pricer’s valuation, highlights the tool’s accuracy and reliability. In contrast to Core Logic’s significantly lower estimate, Property Pricer’s advanced algorithms and comprehensive approach ensured a precise valuation, even in a challenging market with limited comparable properties.

This case study underscores the importance of using advanced tools like Property Pricer for accurate property valuations. Whether you are a real estate agent, investor, or homeowner, Property Pricer provides the precision and reliability needed to make informed decisions in today’s dynamic real estate market.

For more information and to see how Property Pricer can enhance your property valuation process, visit our website or download a sample report today.

Stay tuned to Property Pricer for more success stories and in-depth analyses on property valuations. Our commitment to delivering accurate, thorough, and insightful property valuations remains unwavering, ensuring you have the best tools at your disposal for your next property decision.

  • Property Address:
    21444 Tasman Hwy Four Mile Creek Tasmania 7215
  • Bedrooms4
  • Bathrooms3
  • Car Spaces2
  • Listed for Sale: Harrison Agents
  • Median Suburb Price: $1.12M
  • Property Pricer’s Valuation: $2.751M
  • Actual Sold Price: $2.75M
Property Pricer

99.9%

Property Pricer Accuracy

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I am very pleased with the extra effort

I am very pleased with the extra effort they took to get the valuation accurate for a unique property that was much better than the description. They even rang an estate agent to get local knowledge about the property. After re-valuing the property they rang me to discuss to make sure I was happy. That's why we will continue to use PP for responding so quickly and being so helpful and not trying to tell me I was wrong as others I have dealt with in the past have done.

Simon Lee - Argentino Lee Accounting

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The service is very efficient

The staff are friendly. The valuations provided are accepted by our SMSF auditors. All very good - a company we are happy to work with.

Ed Eikelboom - Oaktree Accounting

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PropertyPricer was fast to respond to my request for a valuation report. I received the report within 24 hours of applying. The valuation report is easy to read, concise and covered everything I needed to provide my auditor.

Katie Steele - Crystal Wealth

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Great tool for property

Your reports are the best I have seen, no irrelevant ’fluff’, and good supporting data. Auditors are going to love you.

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