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Online agent founded by teenager aims to sell £1bn of homes this year

KREMER NS

An online estate agent whose 19-year-old managing director founded the business just last year is targeting sales of over £1bn worth of homes by the end of this year.

Doorsteps, which was founded by Akshay Ruparelia while he was still in school, now lays claim to being the 14th largest estate agent in the UK, up from 41st in July last year.

That’s based on its figure of having listed 2,400 properties across the country.

EYE has asked for further clarification on this figure and how Doorsteps arrived at it.

The business charges a £99 fee upfront and currently has 1,492 properties listed for sale nationally on Rightmove, including those sold STC.

That fee does not include professional photos, a floorplan or a full property description – those are included in its £199 package.

It has an average score of 9.7/10 on Trustpilot and 4.85/5 on allAgents.

Last August the company raised £550,000 from almost 500 investors in a crowdfunding exercise.

In its pitch, it said it was worth £12m.

Ruparelia told EYE it was listing between ten and 12 new properties each working day.

He said: “We are steadily expanding our team of Doorsteps Property Experts and aim to have about 50 in place by the end of next month.

“Month on month, with the exception of December, the business is growing at 20-30%.

“We aim to have sold over £1bn worth of homes by the end of this year.”

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Source:: Online agent founded by teenager aims to sell £1bn of homes this year