Warrington entrepreneur’s property portal a hit

A WEB portal that aims to change the way investors search for their next investment property has signed up 5,000 agents in its first six months and is on target for a first year turnover of £200,000.

Pring.co.uk took two years to develop and has already attracted estate agents across the UK who have uploaded more than 300,000 properties onto the site and it is attracting 100,000 visits a month from people wanting to search for investment properties.

It is the brainchild of Warrington entrepreneur Stephen Moss who has invested £50,000 into the start-up.

He started his career in an estate agency before going on to co-found a number of other property businesses, including, Legal 4 Landlords headquartered in Warrington.

The site allows users to search for investment properties that meet their exact requirements using a range of search criteria, including location, purchase price, rental value, mortgage cost, potential yield and return on investment.

Moss plans to introduce commercial properties and auction properties onto the site within the next two of years.

Moss said: “There was a clear gap in the market for a search portal dedicated to investment properties. 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.

“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.”

The site allows users to sign up to receive alerts when properties which match their criteria go onto the market.  It also gives details of off market developments, discounted services and provides access to a dedicated investment specialist account manager.

Agents subscribe to the site for a fixed fee of £60 per month + VAT which allows unlimited property uploads.

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