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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
Bricks&Logic are a London based startup specialising in providing data and price analysis for the UK residential property market.
Bricks&Logic is a trading name of Urban Markets Ltd whose registered office is at 2 Leman St, London E1 8FA with company number of 11113204.
Bricks&Logic is bringing cutting-edge data science to the UK property market. Although the property market is both well established and extremely valuable, a lot of the data and analysis methods are outdated and hard to understand.
We offer clear, unbiased analysis using the best available data for everyone involved whether you're buying, renting, selling, a landlord, an agent, or any other professional.
Bricks&Logic is dedicated to offering free, unbiased, and transparent analysis to everyone via our website at www.bricksandlogic.co.uk
To support our business, we also provide premium services for industry professionals like estate agents, surveyors, banks and other businesses.
Bricks&Logic analyses the public data for 28 million properties across England and Wales. Under the Open Government License, this data can be republished or used to derive further insights.
Examples of public data include price paid information from the Land Registry and survey reports from the EPC database, alongside information from the Office of National Statistics, the Ordnance Survey and other sources.
Unless you request that we do so, Bricks&Logic will not pass any data to any third parties.
Should you request an estate agent appraisal, mortgage advice or any services provided by a third party, only then would Bricks&Logic share your information.
Bricks&Logic are not an estate agent, so we can’t sell you a house or introduce you to the vendor.
If a property is on the market through a Bricks&Logic Partner Agent, you can get in touch with them easily by clicking on their logo within our website.
Bricks&Logic provides free, unbiased and transparent property analysis to everyone at www.bricksandlogic.co.uk
We have data on over 28 million properties in England & Wales and offer descriptive information and an unbiased analysis of both the lettings and sales markets for each property.
More in-depth information is available with a free-to-create Bricks&Logic account.
Bricks&Logic Professional is a suite of tools and applications for property professionals.
We are always working to expand and improve our products. One of the next stages will include expanding the areas we cover to Scotland and Northern Ireland.
Bricks&Logic sources all publicly available property related data and information.
Sources include the Land Registry, the EPC Database, the Office of National Statistics and the Ordnance Survey among many others.
This information is then analysed to produce results for every possible address in England & Wales before finally being enhanced with private data from Bricks&Logic Partner Agents to provide the best possible information and analysis.
An EPC is an Energy Performance Certificate and measures how efficiently a property uses energy.
These certificates are provided by independent contractors, are regulated by the UK Government and are a legal requirement before offering a property for sale or let.
The primary information within an EPC is the SAP score. This score is a standardised analysis of the constituent parts of a dwelling from the point of view of energy efficiency.
EPC Surveys are published and are a matter of public record.
The Land Registry is the official record of property ownership in England and Wales.
As of July 2024 the Land Register contained more than 26.5 million titles showing evidence of ownership for more than 89% of the land mass of England and Wales.
The Office of National Statistics is responsible for collecting and publishing statistics related to the economy, population, and society at national, regional, and local levels.
They are the UK’s largest independent producer of official statistics and the recognised national statistical institute. The ONS also conduct the census in England & Wales every 10 years.
The Ordnance Survey is the UK's national mapping agency. It carries out the official surveying of the United Kingdom, providing the most accurate and up-to-date geographic data which is then relied on by government, business, and individuals.
Bricks&Logic provides data and analysis, including estimated sales and rental values from 2007 to today.
In addition, all available transaction data is published.
AI techniques form an important part of data analysis at Bricks&Logic. As the field of Artificial Intelligence continues to mature, we are constantly testing new AI features.
Bricks&Logic methodology has been built from scratch by our team to provide the perfect blend of pure accuracy and explainability in our outputs. While we utilise many well known techniques, our particular blend remains our secret sauce!
Bricks&Logic is as up-to-date as the majority of data available to it. In reality this means a monthly update cycle which corresponds to the latest release of data from the Land Registry, Royal Mail and others. Bricks&Logic also have live data from our estate agent partners which is also processed on a monthly basis.
Our price estimates are considered to be industry-leading, varying between 4.5% to 8% median error depending on the quality of data available for each property.
Bricks&Logic price estimates are considered to be industry leading. We are not a listing website and therefore instead of listing prices, we display our estimated values for every property.
The Open Government License is a simple set of terms and conditions that allows anyone to freely reuse public sector information for any purpose, without needing to request permission or pay for it.
It ensures that government information can be easily shared and used, fostering innovation and transparency.
To improve the accuracy of your house value estimate, you can login at www.bricksandlogic.co.uk and update the details for any property. Once updated, the website will create a new sales and rental estimate based on the information you have provided.
This update will only be visible to you. Only a Bricks&Logic Partner Agent can update the record on a property such that it is visible to everyone.
Bricks&Logic provide independent, unbiased analysis of the data available for every property in England & Wales. We also tell you how good the local data quality is and clearly show our source data.
In an unregulated market where any property can be offered for any price, a quick unbiased analysis is a godsend!
You can login and update property data to get the most accurate prices estimates and for buyers and renters you can add multiple properties to your shortlist for easy re-analysis.
For landlords and sellers, you can sanity check price appraisals by estate agents, see which agents are most active in the area and keep an eye on all sales and lettings activity nearby.
Bricks&Logic uses publicly available data as a starting point to produce the best market information and analysis possible.
However the public record is sometimes outdated or incorrect. So we work with a growing number of estate agents around the country to improve the data.
Our partner agents use Bricks&Logic technology in their everyday activities and in doing so, help to provide the wider public with better information and price estimates.
Bricks&Logic Partner Estate Agents have their own dedicated page on www.bricksandlogic.co.uk
This can be accessed by clicking any of their branding on our website. Within their dedicated page you can click to contact directly or find telephone numbers, email addresses and website links.
Bricks&Logic does not accept liability for actions taken by agents within our network.
While we do not guarantee the advice of any Bricks&Logic Partner Agents, if you've had an issue with an agent we work with, we would appreciate it if you would notify us by email at [email protected].
Bricks&Logic Partner Agents use Bricks&Logic technology in their day to day activity and update information on the Bricks&Logic platform but cannot overly influence the value estimates produced.
Bricks&Logic price estimates are created by analysing all the public data available on a property AND all the properties in it's neighbourhood. We then merge this analysis with data and pricing from our estate agent partners to create the most accurate price estimates possible.
Please note that a Bricks&Logic price estimate is an algorithmic estimate based entirely on available data and is not a valuation. A valuation can only be carried out by an RICS surveyor.
Bricks&Logic price estimates vary in accuracy based entirely on the amount and quality of data available to make the estimate.
In the best cases our average errors are very low at less than 5%, and in the worst cases, the average error rises to just over 8%.
Bricks&Logic price estimates are produced by our data scientists using a variety of techniques including AI. As the field of AI continues to mature, we expect to use more AI technology around our platform.
In our blog: 'ChatGPT and the future of the property market', we look at how ChatGPT functionality has already made an impact in the analysis of messy data.
Any one party can set a price for a property, otherwise known as an Asking Price. It takes two parties to agree on a price which is then known as an Agreed Price.
However property value could be best described as a property price which MANY people would agree is fair for a particular property.
In the UK, property value can only be determined by an RICS accredited surveyor.
It stands to reason that improvements to a property, particularly those which cost money should have some effect on the value of the property.
The size of effect will depend on many variables including the type of property, the size of the property and the location, or intrinsic value of that property. Like all important factors in property value, Bricks&Logic determine this renovation/value range for each property.
Login to www.bricksandlogic.co.uk to change the subjective condition setting and see how property estimates change based on property condition.
We have also looked at which types of improvements add the most and least value to a home.
In our blog: 'Energy performance improvements which add the most value', and 'How much value is added to your home when making it more energy efficient', we examined millions of repeat EPC surveys and compared the changes in the survey across time to sale prices subsequently achieved. Certain improvements to homes clearly stood out as drivers of higher value compared to others.
Bricks&Logic do not provide a property valuation. This can only be provided by a RICS surveyor.
However, based on the data available, or provided by you, we can create a value estimate for both the sales and rental markets, both currently and historically. Once logged in at www.bricksandlogic.co.uk, you can update property attributes and condition which in turn updates the value estimates.
House price indices are statistical measures that track changes in the price of residential properties over time.
They are used to provide insight into the overall direction of the housing market, and are often used as a tool for forecasting future trends.
In our blog: 'A New Approach to House Price Indices', we discuss our unique approach to house price indices using a comprehensive understanding of each property's characteristics and location and how influential they are in the our overall approach to understanding property value.
Comparable Analysis is the method normally used to assess the likely value of a property.
Similar properties which have sold recently for a known price are compared to the target property and this known price is adjusted for the differences between the properties and the market changes since that sale date.
The result is a price for the target property implied by the sale of that comparable. This process would ideally be performed a number of times to create a number of implied prices and from these a comparable valuation can be produced.
A Price Benchmark is a useful tool to understand likely average pricing in markets which are less than liquid. For example, shares of large listed companies trade millions of times per day and therefore no price benchmark is needed. However, for less liquid assets such as some commodities, property and other high value items, benchmarks are vital to quickly understand the likely value and compare against other assets.
In our blog: 'Property pricing & the value of a benchmark', we expand on the concept of a benchmark and it's value in property analysis.
Bricks&Logic provide data and analysis for over 28 million properties in the UK. Data available includes public information on historical sales and EPC surveys for every property, neighbourhood information such as nearby schools, transport links, area demographics, availability of broadband, flood risk and much more.
Furthermore, Bricks&Logic provide proprietary price analysis for every property based on the data available and an easy analysis of the best estate agents for marketing each property.
Bricks&Logic is free to use and intended to help all the buyers, renters, landlords and sellers make the best decisions possible.
Searching for your ideal property can mean looking at a lot of candidates. You can setup a free account on www.bricksandlogic.co.uk and save as many properties to your shortlist as you wish. This will allow you to easily keep track of the ever changing market.
One of the key drivers of property value is location and a great way to visualise the effect geography has on value is via a heatmap.
Bricks&Logic publish and update monthly heatmaps for every region on our heatmap page, and our estate agent users can create live heatmaps for their clients at the click of a button.
Bricks&Logic produce data for over 28 million addresses in England & Wales and among that data is information on nearby transport links for each property.
This information is clearly displayed on both our public website and our professional platform.
Digital property reports can be produced by Bricks&Logic professional customers.
If you would like a report on your property, you can request one from a Bricks&Logic Partner Agent through our website.
You can also receive a monthly mini-report for every property on your shortlist. Simply add any properties you are interested in by clicking the 'Add to Shortlist' option.
You can learn more about our digital reports in our blog: 'Digital Property Reports', which showcases both the data available and the presentation format.
Bricks&Logic produce data on every possible property in England & Wales. We then aggregate this information at National, Regional, Local, Street and Building level.
Each of these groupings have their own page on www.bricksandlogic.co.uk and higher level price analysis is available on our heatmap page.
Bricks&Logic primarily use public data to produce property descriptions and value estimates for each property. Users can update any of the information we publish to see what effect a change can have on value estimates, but these updates are not published on our website.
A Bricks&Logic Partner Agent, can update information publicly on the platform. Our partner estate agents use their best efforts to ensure that any data updated is as accurate as possible.
Bricks&Logic offer a host of features for property professionals. These range from live and interactive heatmaps, multiple downloadable data fields, interactive web tools, beautiful digital reports and very importantly, the ability to improve data on www.bricksandlogic.co.uk
All of which are powered by the market leading data, information and value estimates that people have come to love.
Many of the data points available on www.bricksandlogic.co.uk, including historical data, are available via API. This means that our customers can use our information in their own way and within their own systems to power their website, or make internal decisions.
Bricks&Logic offer pre-built web tools to our estate agent customers which can easily supercharge their web page, adding data and analytics alongside beautiful automatic reports to energise their data hungry visitors.
For customers with bespoke requirements, Bricks&Logic provide many of our data points via API.
Please get in touch to find out more. [email protected]
Bricks&Logic release a monthly newsletter which provides general information about the recent changes in the market. This update is available to everyone via our mailing list, and the latest update is always available in our blog.
In the coming months, we will launch our monthly property report. Users with properties on a shortlist will receive a property update email on changes to that property and the surrounding area.
If you are a property professional, we would be delighted to demonstrate our platform on a video call. Send us an email at [email protected] with your company name, email address and telephone number and one of lovely sales team will get in touch!
A mortgage is a loan used to purchase a property. It is secured against the property itself, meaning the lender holds a legal claim over the property until the loan is repaid.
Bricks&Logic have partnered with Mortgage Advice Bureau who are one of the UK's leading mortgage brokers.
Most high street banks and many specialist lenders offer residential mortgages. You can apply directly via the lenders website, via price comparison websites which can help you find the cheapest rate, or via a mortgage broker who can provide advice on both the type of mortgage and the best lenders.
Bricks&Logic have partnered with Mortgage Advice Bureau who are one of the UK's leading mortgage brokers.
Mortgage Applications typically take a matter of weeks but this will vary greatly depending on the lender, the property, the sum required and a host of other conditions. A specialist mortgage broker may provide more accurate estimates.
Bricks&Logic have partnered with Mortgage Advice Bureau who are one of the UK's leading mortgage brokers.
Lenders typically assess borrowing capacity by looking at your income, outgoings, and employment stability. A common rule of thumb is that you can borrow up to 4.5 times your annual income, but this isn't a guarantee and individual circumstances can impact the final amount. Factors like existing debts, spending habits, and mortgage deposit size also influence affordability.
A mortgage broker can provide advice on this and other aspects of your mortgage application.
Bricks&Logic have partnered with Mortgage Advice Bureau who are one of the UK's leading mortgage brokers.
When purchasing a property, it is important to budget for the additional costs other than the purchase price. These typically include stamp duty which is the tax paid to the Government when purchasing and professional fees which are typically for the conveyancing.
If you are getting a mortgage, you will need to consider how much your lender is willing to lend and you and ensure you have your mortgage deposit alongside all the other costs.
Property auctions involve potential buyers bidding on properties in a public setting, with the highest bidder winning if their offer exceeds the reserve price. Auctions can be held in either a traditional setting where the bidders or their representatives are present in the room or via an online portal which allows the bidders to participate remotely from anywhere with internet access.
In general auctions can be classified as either conditional or unconditional. Conditional auctions allow the sale to be subject to certain conditions post-auction such as passing a survey or arranging finance. In an unconditional auction, contracts are exchanged as the auctioneer strikes the gavel.
A modern or online property auction is a method of selling property where bidding takes place entirely online, often through a dedicated online platform. It's similar to a traditional auction, but bidders don't need to be physically present and can participate remotely from anywhere with internet access.
In England& Wales, the Land Registry is the official record of ownership of land and property. Their website will provide information on whether a property is leasehold or freehold.
If the property is for sale, you check the listing details as it is a requirement for the seller to provide such basic information at the outset. If you are considering buying a property, your solicitor will confirm the tenure information very early in the process.
A property valuation is a determination of the likely value of a property and can only be carried out by a certified Royal Institution of Chartered Surveyors member.
A valuation is carried out by examining the property and comparing it those which have recently sold nearby. Allowing for small differences between the properties and the changing market over time a likely value can be determined. In essence this is exactly what an estate agent does when providing a market appraisal and the key difference is that a valuation can only be provided by a chartered surveyor.
At Bricks&Logic we also use exactly the same methods, but we use public data as our descriptions for every property. As a result our value estimates are only estimated based on the best available public data.
In our blog: 'How to value my property', we examine in detail not only the common metric of pound per square foot but also how the size of the property and how the local land value affects it's valuation.
An early repayment charge is a fee you may be charged by your mortgage lender if you pay off your mortgage early or make overpayments above your allowed limit before your current mortgage deal ends.
This charge is the compensation for the lender for interest lost due to repayment earlier than agreed.
If you have a fixed-rate mortgage, you'll likely have an annual overpayment allowance, which is the amount you can overpay each year without incurring any early repayment charges. The maximum allowed overpayment will be set out clearly in your mortgage documentation.
Interest rates on loans, mortgages, credit cards and savings deposits are set by the relevant financial institution and can be changed at their discretion. However, most rate changes follow a change in the Bank of England base rate which is the interest rate paid by banks to borrow money from the state.
The Bank of England Monetary Policy Committee meets once per six weeks to discuss possible changes to the base rate.
When purchasing property with a mortgage, most lenders will require the buyer to have some cash to put toward the purchase. This contribution is known as a mortgage deposit. The amount required depends on the lender, your financial circumstances and credit history. As a rule of thumb, 10% to 20% of the purchase price is considered normal for a first time purchase.
Stamp duty is the tax you pay when you purchase a property above a specific minimum price.
At the time of writing, stamp duty in England, Wales & Northern Ireland ranges from 5-12% of the purchase price for your first property and if you own multiple properties, an additional surcharge will normally apply.
Tenancies in the UK are governed by the tenancy agreement between landlord and tenant and the relevant legislation.
At the time of writing, a landlord may increase the rent at the start of a new tenancy without limitation. Within an active tenancy, changes to the rent will either be prohibited or likely limited in some way.
In our blog: 'London Rent Prices Over the Last Decade', we looked at the changing rental values across England and Wales over the last ten years.
In the UK, a landlord cannot force you to leave your home unless they have obtained a possession order from a court and a warrant for eviction.
This process ensures that tenants are protected from illegal eviction and harassment.
Landlords must follow a strict legal process, which includes giving you proper notice and then seeking a court order to retake possession.
As a tenant, your responsibilities will be clearly laid out in your tenancy agreement.
Normally these responsibilities include the prompt payment of rent, maintaining the property in a clean and habitable condition, being considerate to neighbours and allowing reasonable access for repairs and inspections.
In England & Wales, the Tenant Fees Act 2019 generally prevents letting agents from charging fees to tenants.
The main exception to this prohibition are administrative fees chargeable when a tenant wishes to alter the tenancy agreement.
Holding deposits and tenancy deposits are deposits and not fees, and are therefore not prohibited.
The 2019 act applies to all tenancies in the private rented sector that started on or after 1st June 2019.
Tenancy deposits are normally returned in their entirety at the end of a tenancy. In the event the tenant has caused damages to the property then the landlord can use the deposit to fund repairs. Similarly, if the tenant has unpaid rent or the landlord has suffered any other loss caused by the tenant then up to 100% of the deposit can be withheld.
The landlord must supply their reasons and estimations in writing for any deductions to the deposit. Since 2007, the deposit must be placed in a Protected Scheme for the entirety of the tenancy.
Council tax is a system of local taxation and is collected and used to fund local councils. It is a tax on domestic property, paid by the resident and the amount payable is proportionate to the approximate value of the property.
Some property is exempt from council tax, some people don't have to pay council tax and some people get a discount.
Inflation is the gradual increase in the costs of goods and services over time.
Very high inflation is extremely damaging for an economy and economists generally believe that very low or zero inflation is also damaging.
Adjusting any metric for inflation means removing the effects of inflation from that price.
This allows a 'real' change in that value or price to be assessed over time.
In our blog: 'The UK Housing Market Since the Mini Budget', we compare the changes in the housing market since the mini-budget in absolute (unaltered) and real (inflation adjusted) terms.
An interest rate is a fee charged by a lender to a borrower expressed as a percentage of the amount borrowed.
While a lender can offer a loan at any rate they like, they are generally set as a margin above the Bank of England's base-rate, which is the rate at which the Central Bank lends money to other banks.
The Bank of England makes rate decisions every 6 weeks and raising the rate acts as a dampener on the economy as money becomes more expensive to borrow.
The margin above the base-rate charged by the lending bank is the fee that bank wants for the risk of lending the money onwards from the Bank of England to the borrower.
Annual rental yield is simply the annual income from a property divided by its value or purchase price. Rental yield can be expressed as net of additional fees or gross.
In our blog: 'How are rental yields being affected by the rise in interest rates', we explore how low and high-interest rates impact rental yields illustrated by the effects of the 2008 financial crash.
The Royal Mail Group Limited, operating as Royal Mail, is a British postal and courier company owned by International Distribution Services . It manages two main brands: Royal Mail, which handles letters and parcels, and Parcelforce Worldwide, which specialises in parcel delivery.
In 1516 Henry VIII created the position of 'Master of the Posts' which by 1710 had been renamed as 'Postmaster General' The crown operated a publicly available postal service through these offices from 1635 during the reign of Charles I.
In September 2013 a new holding company, Royal Mail plc, was established in anticipation of its initial public offering on the London Stock Exchange. The company's listing happened on the London Stock Exchange on the 15 October 2013.
In 2022 Royal Mail plc was renamed International Distribution Services, of which Royal Mail Group Limited remained a wholly-owned subsidiary.
In April 2025, International Distribution Services was acquired by EP Group, a Czech-based company owned by Daniel Křetínský, making this the first time in which the 508-year-old postal service has come under foreign ownership.
Ofcom (Office of Communications) is the independent regulatory and competition authority for the UK’s communications industries, established in 2003. It regulates TV, radio, video-on-demand, fixed-line/mobile telecoms, postal services, and wireless devices. Key duties include protecting consumers, promoting competition, enforcing standards, and managing the radio spectrum.
The Environment Agency (EA) is a non-departmental public body in England, sponsored by the Department for Environment, Food & Rural Affairs (Defra), established in 1996. It acts as the primary environmental regulator for improving air quality, land quality, and water resources, while managing flood risks from rivers and the sea.
Key responsibilities include: