Purplebricks is offering “exclusive access” to investors looking for off-market, Below Market Value properties.
The properties are said to be typically 20% to 30% less than market value. The agent has emphatically said there is no conflict of interest.
Investors are invited to “be the first to see investment opportunities that are specifically sourced below today’s current market value”.
These include a range of distressed buy-to-let, Houses in Multiple Occupation and a variety of tenanted units.
Investors are told that the range of investments is exclusive to Purplebricks and marketed on a sole agency basis, “giving you the peace of mind that you will have first access to the very best opportunities available on the market”.
All properties are said to have gone through “vigorous due diligence to ensure they meet a high investment standard”.
A Purplebricks spokesperson told EYE yesterday evening: “Through its investor app Purplebricks has opened up the previously secretive investment market to the masses, allowing all buy-to-let investors access to the best deals, both on market and off market.
“Purplebricks continues to lead in innovation, while staying true to its values of fairness and transparency.”
The service was launched last year, but the spokesperson said it has since been refined and improved to reflect consumer feedback and technology developments.
The team behind the BMV offering is also said to have strong backgrounds in investment, whether on- or off- market.
The spokesperson also clarified: “The off-market properties are not those of traditional Purplebricks customers – as such there is no conflict.
“They are properties that don’t typically make it on to portals and are usually only available to expert investors who register and have contacts with investment consultants.”