Valuations: an indicative price estimate, not a professional valuation
Cyclesite publishes bike valuations and market indices to help buyers and sellers see what similar bikes are selling for in the UK. These estimates are informational. They are not a professional valuation, a guarantee of resale value, or a substitute for your own inspection of the bike.
These Rules apply to every valuation shown on Cyclesite, whether in the valuation tool, on brand and model pages, on sold-price pages, in our market indices, or in the public press API.
1. Definitions
- Valuation. A numeric estimate, expressed in pounds sterling, of what a bike with the submitted attributes might reasonably sell for on Cyclesite.
- Algorithm. The statistical method that produces a Valuation from the inputs supplied and from data held by Cyclesite.
- Data Sources. The datasets the Algorithm draws on. These include sold-price history recorded on Cyclesite, current active listings on Cyclesite, and external UK secondary-market reference data.
- Confidence. A label attached to every Valuation indicating how much comparable data was available. One of: high, medium, low, or insufficient.
- Sample Size. The number of comparable bikes the Valuation was calculated from.
- Estimate Range. The lower and upper bounds published alongside the headline Valuation, intended to reflect the spread of comparable prices.
2. How Valuations Are Produced
For each Valuation, the Algorithm selects comparable bikes from the Data Sources using the attributes you submit, such as brand, model, year, condition and location. It then produces a central estimate, a lower and upper bound, a Sample Size and a Confidence label.
The specific weighting of each Data Source, the matching rules, and the Confidence thresholds are set by Cyclesite and change as the dataset grows. We do not publish the internal weightings.
3. Where Valuations Appear
Valuations and valuation-derived figures are shown in several places:
- The valuation tool at /bike-valuation, where you submit a bike and receive a Valuation on screen.
- Brand and model pages, where we show average asking and sold prices for that model.
- The sold-price pages at /sold-prices, which summarise recent transactions.
- The market index pages under /market, which publish aggregated trends.
- Aggregated data feeds shared with approved partners on request, governed by the Partner Data API Terms.
4. Updates and Fluctuation
Valuations are recalculated from fresh data. The Valuation shown for the same bike can change day to day as new sales are recorded, listings are added or removed, and external reference data is refreshed. A different input (for example a different condition grade) will produce a different Valuation.
5. Confidence Tiers
Every Valuation carries a Confidence label:
- High. Produced from a robust set of recent UK comparable sales and listings for the same brand and model.
- Medium. Produced from a workable but smaller set of comparables, or from close matches rather than exact matches.
- Low. Produced from limited data. Treat the figure as directional only.
- Insufficient. We do not have enough data to publish a Valuation. No numeric estimate is shown.
The Sample Size and any caveats are shown next to the Valuation so you can judge its weight.
6. What Valuations Do Not Do
- They are not a professional valuation and are not prepared by a chartered valuer.
- They do not account for the specific specification of your bike beyond the attributes you submit. Upgrades, service history, frame damage and wear affect the real sale price.
- They are not an offer from Cyclesite to buy your bike.
- They are not financial advice and should not be used for insurance, lending, accounting or tax purposes.
- They do not guarantee that a bike will sell at the figure shown. The sale price is always agreed between buyer and seller.
7. Use of Valuations
You may use Valuations shown on Cyclesite for personal decisions about buying, selling or pricing a bike. You may quote a Valuation in conversation with a buyer or seller.
Any republication of Valuations, market indices or derived figures on third-party sites, in press coverage, or in commercial products is governed by the Partner Data API Terms, which require attribution to Cyclesite and prohibit bulk extraction.
8. Cost
Valuations on Cyclesite are currently free. Cyclesite reserves the right to charge for some or all valuation features in future, in which case any such change will be reflected on this page before it takes effect.
9. Liability
Valuations are provided “as is” as a free informational feature. Because this is a free digital service:
- We do not warrant that any Valuation is accurate, current, or suitable for a particular decision.
- We are not liable for decisions a buyer or seller makes on the basis of a Valuation.
- We are not liable for indirect, consequential, or unforeseeable losses.
Nothing in this section excludes or limits our liability for death or personal injury caused by our negligence, fraud or fraudulent misrepresentation, breach of the statutory duty to provide a digital service with reasonable care and skill under the Consumer Rights Act 2015 s.49, or any other liability that cannot be excluded or limited by UK law.
10. Changes to these Rules
We may update these Rules. Material changes, such as expanding the Confidence tiers, introducing a charge, or changing how Valuations are surfaced, will be reflected in the “Last updated” date at the bottom of this page.
11. Governing Law
These Valuation Terms are governed by English law. The courts of England and Wales have non-exclusive jurisdiction over any disputes. If you reside in Scotland or Northern Ireland you retain the right to bring proceedings in your local courts.
12. Contact
TPSTORES LIMITED (trading as Cyclesite)
Company Registration: 13238473
Registered office: 128 City Road, London, EC1V 2NX, United Kingdom
Email: support@cyclesite.co.uk
For valuation queries, email support@cyclesite.co.uk.