A new website devoted solely to prime off-market properties is looking for agents who will use it to find buyers seeking exclusive homes.
Cobbletons has been set up by Michael Antonio, who has eight years experience as an estate agent - four of them at Knight Frank.
His new site is members-only to view but is free to join for prospective buyers; target properties are priced £1.5m to £100m and will include commercial properties and development opportunities as well as prime homes.
“We display exclusive properties which are off-market to our members who are all registered high net worth and fully pre vetted. We display properties for 14 days only to allow people to have peace of mind that we are discreet and [there are] no long contracts. Its 14 days to gain an offer and viewings on your properties from members who know the market” explains Antonio.
The site has been running for only five weeks and has so far had one ‘cycle’ of 14 day display - these included two residential properties which won “strong interest but no sale” according to Antonio.
Buyers pay nothing even if a sale is secured, while sellers pay a typical charge of 1.0 per cent plus VAT; if an agent sells via the site, the fee is likely to be 0.5 per cent plus VAT.
“I started this business as I saw a gap for a hands on service with ultra-high net worths. We want everyone to feel valued” says Antonio.
You can see the new website here.