A second investment property portal for investors is launching, claiming to offer users the largest collection of UK investment properties on one website.
The new site, pring.co.uk, is in beta mode but will go fully live on June 15, and will go head to head with buy2let.com which went live yesterday
Pring.co.uk claims to list over 500,000 potential investment properties that are on the market, displaying all the information a property investor will require, including purchase price, rental value, mortgage cost, potential yield and return on investment.
CEO Stephen Moss said: “The website has the ability to allow property investors to search on the criteria that is the most vital element to their property search.
“It takes data unique to each property and provides the investor an investability score out of 5 stars. The investor can again search based on the ranked investability score, and this is the very unique service.’
“In addition, it offers investors an area search allowing them to display all the properties available in their preferred area.
The site then helps investors make an informed decision offering returns, costs, rental values and much more information in this preferred area, rather than the investor having to research this themselves.
“One of the most unique features is that at the click of a button you can convert the property statistics to display the returns should the investor convert the property into a HMO, if it is appropriate to do so.
“This feature will be developed to offer advice, help and local area info on every property across the UK.”
The site is here
Comments (2)
How accurate is the data these sites are providing?
From where do they get the data? Anyone knows?
It seems that we are having our own little dotcom boom in the property sector at the moment with many people investing large amounts in online ‘property companies’ as if they are property itself. These companies largely have no assets and therefore value is only in the hope value of future business. I dread to think what would happen if these company owners took there ideas into the Dragon’s Den. The lemming theory is what they are banking on – if someone else thinks it’s a good idea to invest then it must be good – ‘Yes. I’m in!’ (or more to the point I’m over the cliff!) Sorry, but many of these investments will be bad ones. The Estate Agency business is too personal for people to move wholly online. There is a place for online agency, and now we are seeing the online agents having to compete with each other as they are trying to increase their slice of the online market. They will soon be driving their own fees down and profit projections will not be met, which investment will be a good one? Who knows? Better to buy premium bonds – at least you can get your money back when it doesn’t work out!!