Pring.co.uk, a new web portal which drastically alters the way investors search for their next investment opportunity, has already signed up 5,000 agents. The impressive numbers come only sixth months after the website first launched.
Founded by entrepreneur Stephen Moss, who started his career in an estate agency, Pring.co.uk has been two years in the making and has managed to lure estate agents from across the UK. 300,000 properties have already been uploaded onto the site.
The unique selling point of the portal is that is allows users to search for investment properties which meet their exact requirements using an array of search criteria. These include location, purchase price, rental value, mortgage cost, potential yield and return on investment.
The site, which is apparently attracting over 100,000 visits a month, launched at the perfect time to take advantage of the current buy-to-let sector boom. Nearly one in five homes in Britain is now owned by a private landlord.
Pring.co.uk, which can be used by investors of all budgets, ambitions and interests, asks agents to subscribe to the site for a fixed fee of £60 per month + VAT which allows unlimited property uploads. As well as this, users can receive alerts when properties matching their criteria come onto the market and the portal provides details of off market developments, discounted services and access to a dedicated investment specialist account manager.
“There was a clear gap in the market for a search portal dedicated to investment properties,” said Stephen Moss. “I was hearing the same issues from property investors time and time again. There was nowhere they could go to search for suitable investment properties in one place without spending hours and hours going through each property in a given location and working out the figures. Pring brings together all the figures an investor needs before deciding whether a house is worth viewing.”
He added: “We’ve developed the site to make sure it provides everything the property investor needs. They can look for properties in a specific area that give a particular return on investment and see immediately what the mortgage cost will be.”