Property Partner, the property investment platform launched in January 2015, recently announced the sale of two properties, generating returns of up to 43% to investors.

The properties – the first assets to be sold by the PropTech firm – delivered respective total returns of 43% and 25% over a three and a half year investment cycle.

The first home, a one-bedroom flat located in Ilford, East London, was bought for £165,000 in March 2015 and has now been sold for £235,000. Investors who purchased shares in the property when it originally launched on the platform in February 2015 have realised a net total return of 43%, formed of the increased value of the property and the monthly rental income received for the duration of the investment (after fees and costs).

Meanwhile, the second property – a two-bedroom terrace house found in Greenwich, South East London – was bought for £260,000 and has now been sold for £326,000. As a result, investors who purchased shares in the property when it first launched on the platform in June 2015 have enjoyed a net total return of more than 25%.

The properties were the first to go through the full Property Partner investment cycle of acquisition, management, sale and return of capital to investors.

“This is a landmark moment for Property Partner and vindicates our early property acquisition strategy, even in the face of challenging conditions in the London market. We’re really proud to have delivered double digit annual returns for our investors,” Marshall King, chief executive of Property Partner, said.

“Our more recent strategies have focused on higher yield residential and student blocks outside London and, as we move into 2019, we plan to continue delivering great returns and new opportunities for our investors.”

The platform, which was founded by Daniel Gandesha following frustration with the workings of the buy-to-let market, has seen more than 12,800 people invest in property since launch. It says it now has more than £123 million in assets under management.