Akshay Ruparelia, the teenager who set up the Doorsteps online estate agency only 18 months ago, is now reported to be worth some £16m.
The 19 year old set up the site in late 2016 using a £7,000 loan from family members.
He raised over £500,000 last summer in a crowdfunding exercise, and offers packages priced from £99 to £199, making his one of the cheapest online firms operating today.
It’s Harrow-based but lists properties across the country, and currently has an inventory of around 2,000 homes; its website describes the agency as the UK’s 14th largest, and claims sellers get a typical 99 per cent of their asking price.
Now the Sunday Times Rich List - which issues a range of different categories in the days either side of the list appearing - has named Ruparelia as being worth £16m, in line with the 97 per cent of the business that is in his name.
He is the list’s youngest entrant in a field of 1,000 entrepreneurs and the Sunday Times says he employs 25 staff. The agency scores highly on TrustPilot and allAgents review sites.
The more extensive £199 fee includes VAT and involves an instant valuation, a named account manager, weekly reports if requested, the services of a sales progression and negotiation team, professional photos and a 2D floorplan.
Rightmove and Zoopla premium listings and a For Sale board incur separate fees.