A new investment company says its latest tool, powered by Artificial Intelligence, helps buy to let investors search for the best deals in their chosen area.
One & Only Pro’s new website - which has been created after two years of development on algorithms and data analysis - has data on 100,000 properties in 172 carefully-identified buy to let locations.
The site rates properties on a scale of one to 10 and claims many are available below market value or have yields exceeding 10 per cent.
“The higher the score, the more likely it is to rise in price. A quick glance the score gives you an instant idea of the potential for capital appreciation” says the website.
“Properties which score 10 are the diamonds in the rough, once in a lifetime investments, and they sell fast. Properties with scores of between seven and nine are great investments, and will outperform other similar properties. Lower scores may still indicate a solid investment, but the majority of our clients are interested in the massive gains possible higher up the ladder” claims the site.
Each listing will also show what the firm describes as “a true rental yield” researched by data analysts.
One & Only Pro offers a free seven-day trial but the most valuable data requires a monthly subscription
"Our new website has been designed with the specific aim of helping investors to identify opportunities faster, using the best data available," says the firm’s chief executive Henri Sant-Cassia.
"Property investment should always be head over heart and our site gives investors of all levels the perfect platform to make informed decisions by analysing data and information that isn’t available anywhere else."
“We've found that yields published online can often be misleading, which is frustrating. We're therefore committed to providing the most accurate and up-to-date yield data around."
The platform says one of its goals is to help disheartened first time buyers to get on the property ladder by purchasing cheaper investment opportunities.
"We want to help the next generation of buyers to take their first steps on the property ladder. For those looking to purchase their first home, particularly in London, options are limited due to exceptionally high house prices" explains Sant-Cassia.
"If more people embrace the concept of investing in property in a slightly different way, this could help to increase property ownership in the future, as well as contribute towards the much-needed supply of rental homes" he concludes.
You can see the site here.