Zed-Index

moneyistooshorttomention

just scanning details of a new property that has come through to me this morning on Zoopla and on checking through for Street View/Map etc I see that the map is now marked as "map/hybrid/heat" and clicking on the "heat" section comes up with Zed-Index and the area the house is shown is coloured variously in light blue, pale yellow, etc.

What is this please? Can I assume that this is some sort of scheme whereby areas are graded colourwise according to what temperature they are deemed to be (eg an inner-city area would tend to be 1-2 C warmer and somewhere on its own on the top of a mountain would tend to be colder)? So its an area equivalent of that house certificate so to say.....?

[Deleted User]

Zed-index:

The Zed-Index is the average property value in a given area based on current Zoopla Estimates.

http://en.wikipedia.org/wiki/Heat_map

A heat map is a graphical representation of data where the individual values contained in a matrix are represented as colors.

The name is a misnomer, it does not represent actual heat.

The heat map on Zoopla is referring to the zoopla calculated value, if the area is red that means high value and if the area is blue it means low value, the key is at the top of the map:



This map for example shows that houses on Francis Road (where the orange pin is) are worth less than houses on Chapman's lane, according to Zoopla estimates.

Red = high value
yellow = medium to high value
green = medium value
light blue = low to medium value
blue = low value

moneyistooshorttomention

I was totally off on the wrong track then - "heat" was indeed a misnomer and not surprising I thought it meant temperature....duh:whistle:

I'll translate "high" into meaning its a "hot property spot" (going fast for good price) and "low" as equalling "no-one much wants it and the price will be low" then.

Thanks.

Lizling

Not quite. High = high price, yes, but that doesn’t necessarily equate to going fast. E.g. you might find that expensive properties in a remote but upmarket village sell more slowly than cheaper properties in an urban area, just because fewer people are trying to buy in the village so it takes longer to find a buyer.