Nurtur has launched what it describes as ”a revolutionary online business valuation tool for letting agencies.”

Nurtur has been partnered by Adam J Walker & Associates to create the tool which claims “unprecedented accuracy in assessing the market value of letting businesses across the UK.” 

Walker, managing director of his firm, says: “We knew that valuations had to be more than ballpark figures, people are making decisions that affect their future, their families, and their livelihoods. That’s why we approached Nurtur to help us build a robust, data-driven tool that could provide letting agency owners with the clarity and confidence they deserve.”

Drawing on over 30 years of sales history and nearly 700 completed letting agency transactions, the tool has been benchmarked against actual sale prices. Nurtur spent eight months building a bespoke, intelligent programme, thoroughly tested using real transactions provided by Walker’s database.

Tests have seen the tool predict a valuation within 10% of the final price of businesses sold for between £1.1m and £8.7m. 

“In the property sector, accurate business valuations are vital to ensure agencies can make confident, data-driven decisions” says Richard Combellack, chief commercial officer at Nurtur. 

The new tool provides instant, data-backed results reflecting current market conditions, and is live and available via the Nurtur platform. 

Walker says that even an accurate valuation is only part of the sell-off process. 

“A proper marketing campaign with carefully chosen buyers, a proper competitive tendering process, and expert negotiation is essential to maximise the final price. And then there is the huge amount of time and skill necessary to progress the sale, and ensure it completes quickly and smoothly and on the terms agreed.”