What does it cost?
Nothing today. Registration is free, there is no fee if you buy, and we
take nothing out of the purchase. We are not going to tell you it is
free forever — it is free while we earn your trust. If we ever
charge for something we will say so plainly, in advance, rather than
quietly switching it on.
Why don't you buy these yourselves?
Because there are far more of them than we can buy. Our own tools price
207 postcode districts every week and turn up hundreds of cheap
properties a year; one buyer, with one set of finances and one team,
gets through a handful of them. Nobody can buy hundreds. So the rest go
to the list rather than nowhere — these are not the ones we turned
down, they are the ones we cannot get to.
What if nothing is worth sending this week?
Then we send nothing. No email, no padded list, nothing added to keep
the page looking busy. A quiet week means the market gave us nothing we
would look at ourselves, and we would rather tell you that than waste
your time.
Do I have to be an investor?
No. Some of what we find suits a buyer trading a property on, some suits
a landlord, and some is simply a house priced below what it is worth, to
live in. The deal sheet* prices the work the same way whichever you are;
what you do with the property afterwards is your decision, not ours.
Do I need to be a cash buyer?
Not always, but be realistic about speed. Everything is on the open
market and can go to another buyer at any moment, and some of it
— short leases, heavy refurbishments — is hard to mortgage,
which is a large part of why it is cheap. Every deal flags this, so you
can judge whether it suits how you buy before you spend a day on it.
Are you estate agents?
No. Every property is already on the open market with an agent. We point
you at it and show you our working; you view it, do your own checks and
offer through the selling agent with your own solicitor, exactly as you
would with any other property.
How reliable are the numbers?
They are estimates*, built from comparable sold prices, local data and
our own assessment, and every deal
shows the
working so you can test it. Not a survey, not a valuation, and not a
promise of what you will make. Do your own due diligence on every one.
How do you price a lease extension?
With the standard calculation a valuer would broadly recognise, run at a
desk rather than on site: the unexpired term, the ground rent and what
the flat is worth, together with the marriage-value effect that comes
into play once a lease drops below about eighty years. It is an
estimate*, it appears as its own line on the deal sheet, and it is not a
formal valuation. The real figure is settled between the two sides'
valuers, and leasehold law in England and Wales has been under reform, so
take your own advice from a solicitor and a specialist valuer before you
rely on ours.
Short
leases explains why the price drops in the first place.
How do you price the refurbishment?
Two ways at once, because neither is much use on its own. A benchmark
cost per square foot, scaled to the level of work the property needs
— cosmetic, full modernisation, or structural — gives us the
scale. A room-by-room read of what the listing and its photographs
actually show gives us the specifics. It is an estimate*, made without
going inside the property, and a survey or a builder's quote can move it
in either direction. Where we cannot work it out at all, the sheet says
"not
yet assessed" rather than treating it as nothing to pay.
How do you put the deal sheet together?
We start from comparable sold prices in HM Land Registry records, and use
price per square foot wherever a floor area is on record. The cost lines
go on top of that — buying, the works, a lease extension where
there is one, holding, finance and selling. Anything we have not been
able to establish is named on the page rather than left blank or set to
nil. All of it is estimates*, and
how we value a
property sets out every step properly.
How long does it take to buy and sell a property?
In our own experience of the current, slow market, cash in to cash out
has been averaging seven to eight months* — and it can be a good
deal more or less than that. That is what we have been seeing lately, not
a forecast and not something to count on: it moves with the property, the
chain, how much work it needs and what the market does while you own it,
and a refurbishment or a lease extension lengthens it.
How
to buy below market value sets out which parts of that timetable you
can actually control.
How does signing in work without a password?
You give us an email address and we send you a link. It works once,
expires after thirty minutes, and signs you in on the device you open it
on. There is no password to remember, leak or reset.
What will you do with my details?
Send you deals. That is the whole of it — we do not sell or share
your details, and every email carries a one-click unsubscribe that
works. The detail is in the
Privacy Policy.
Where do you cover?
London and the Home Counties — 207 postcode districts, priced
every week. We expect to widen across the UK in time, and the list will
be the first to hear when we do.
*Estimates based on comparable sales and local data; not a valuation and not guaranteed.