Property data specialists Sprift have launched their upgraded comparable tool, which is now live, featuring a range of new functionality.

The new version of the tool incorporates new functionality, including powerful filters such as price per sq ft and lease length, an option to manually add off-market or new-build comparable, and a unique comments feature allowing agents to better communicate the ‘reasons why’ for each comparable, amongst other new powerful search capabilities.

Matt Gilpin, CEO of Sprift, said: “While there has been significant innovation in many areas of the PropTech sector recently, there haven’t been any major changes in terms of comparables for many years.  However, for any professional operating in the property sector today comparables are one of the most important tools of the trade.

“The feedback we’ve received over the last few months from our user base has been that now, due to complex market conditions, comparables reports have become more valuable than ever. By listening to what our agents need and understanding what features they would find most valuable, we’ve designed a new set of functionalities developed specifically to support our users’ requirements, and in doing so have upgraded our existing best-in-class platform.”

This updated version also provides agents with the ability to manually add comparables, for example adding any homes sold off market or new-build as comparables to those already available in the platform.

Users can also add their own comments to specific properties, enabling agents to fully customise reports to highlight property-specific information when supplying comparable data to a surveyor to support the price agreed on a property, or to enhance reports they are preparing for vendors or applicants.

Gilpin continued: “The new version we’re launching today incorporates tools that have been created to address ‘real world’ challenges faced by agents. The ability to instantly generate comparables based on price per square foot will be particularly relevant to agents working in the prime central London and country house markets, while the comments feature will be helpful for agents to better communicate their local expertise on market appraisals.

“By providing the functionality for users to customise their reports and manually upload details of properties they have sold themselves which haven’t yet been added to the HM Land Registry records, for example, agents can generate the most up-to-date set of comparables possible, which is particularly helpful to support valuations for mortgage purposes where other recently completed sales aren’t yet showing on official records.”