Introducing Hotness score.
Introducing Ask Wire’s hotness score tool, designed to measure a property’s desirability and potential for appreciation. This tool provides banks and investors with valuable insights to identify opportunities and make informed decisions about their real estate investments.
Here are some of the key features of Ask Wire’s hotness score tool:
Comprehensive data collection
Our tool has collected, cleansed, and mapped all Land Registry transactions from 2016 onwards, totalling approximately 120,000 data points. We also collect daily information on all properties being marketed by banks and loan services, those in the foreclosure (auction) process, and those marketed on the main property websites.
Hotness score calculation
Our model calculates a hotness score for each property based on a range of factors, including transaction prices, location, and property type. This score is a measure of a property’s desirability and potential for appreciation.
Customization options:
Ask Wire’s hotness score tool is fully customisable, allowing you to tailor it to your specific needs. Our team can work with you to develop custom reports, metrics, and visualisations based on your specific requirements.
A real estate investor was looking for new investment opportunities.
They used Ask Wire’s hotness score tool to identify the areas where transaction prices had consistently increased above the market average over the past three years.
They were able to identify a potential investment opportunity in an up-and-coming neighbourhood that was likely to experience significant growth in the coming years.
Thanks to the insights provided by Ask Wire’s hotness score tool, the investor was able to make an informed decision and invest in a property with high potential for appreciation.