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      How do I work out the Gross Development Value (GDV)

      To work out the Gross Development Value (GDV) in an area using Nimbus, you can leverage several features and data points provided by the platform. Here are the steps and tools you can use:

      1. Sales Values:
        • Understanding accurate purchase and sales prices, along with development costs, is crucial. Nimbus provides transparency into local values and comparable properties, helping you assess potential risks and make informed decisions.
        • Remember, both the purchase price and the exit value play crucial roles in determining the success of a project. By maximizing exit values and minimizing purchase costs, you can maximize your profits and achieve financial success.
      2. Comparable Analysis:
        • Access local and site-specific comparable data to understand the local market values for different uses. This is essential in making smart decisions about a property's best use and layout.
        • Avoid applying values from one region to another, as there can be significant differences even between neighbouring streets.
      3. Residential Value Growth Overlay:
        • Use the Residential Value Growth overlay to display the growth rate of average residential sales values. This helps you identify areas that are performing well versus those that are performing poorly.
        • This overlay aggregates growth rates on a neighbourhood basis, showing how that neighbourhood has performed over the last 12 months compared to the previous 12 months.
      4. Average Residential Value (psf) Tool:
        • This tool provides critical information on the average value of the last 12 months and the 12 months prior. It is particularly useful for residential developers and investors who need to stay on top of market trends.
      5. Residential Yield:
        • The Residential Yield feature offers insightful data on the average return on investment in a given postcode. This aids investors in maximizing their returns and making informed decisions about resource allocation.
      6. Location Analysis Tool:
        • Select the Location Analysis tool in the top right of the Nimbus Maps app.
        • Use the Residential Value Growth overlay from the Market dropdown menu to highlight areas of higher and lower residential growth.

      By utilizing these tools and data points, you can effectively work out the GDV in an area and make informed investment decisions.

      If you need further assistance or specific details, please let me know!