A new estate agency in Hampshire is celebrating expansion after securing more than £40m of property listings in its first half year in business.

Rowe & Co Homes launched its first office in Chandler’s Ford, Eastleigh, earlier this year and has ambitious plans to expand to other key locations throughout the area in the next two years.

The business, which has achieved an average of 99% of asking price in its first six months, has had more than 80 sales instructions, including properties in Chandler’s Ford, Fair Oak, Otterbourne, Eastleigh and Hedge End, worth over £40m. 

The company was launched by managing director Rob Rowe, who has been a local estate agent for more than 25 years, including leading multiple offices for well-known independent firms in and around Southampton, and associate director James Steele, who has over a decade of experience leading offices in Winchester, Fair Oak and Basingstoke.

The early success has enabled the company to bring forward its growth plans and recruit sales negotiator Harry Barrett and, more recently, Audrey Cherrett as senior sales negotiator. 

Cherrett, who joins the team from White & Guard, has almost a decade of property experience. 

Rowe said: “It has been a fantastic first half year here at Rowe & Co Homes. The response to our approach has been phenomenal and we are extremely excited about what the future holds. 

“The first interest rate cut in four years has just been announced by the chancellor and we believe this will give the housing market a kick-start in September.”

Steele said: “Our first half year in business has been a remarkable and exciting journey and we’re ready to push on and grow the business organically. 

“Throughout the year we have seen a steady increase in demand and the market looks increasingly positive as inflation steadies and interest rates begin to drop, bringing a welcome confidence back to the market.”

He added: “It’s a fantastic time to begin the moving process. We have seen a major upward shift in buyer registrations and prospective vendors indicating that the remainder of the year could be one of the best periods the market has had for a while. 

“House prices are still holding and, if marketed well and correctly, we are finding that buyers can be secured very quickly.”