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98%
Raised
£291,840
Investors
177
Target
£295,000
Equity
2.92%
Pre-money valuation
£9,800,000

99home is a hybrid agency that provides a ‘one stop shop service’ for clients looking to either sell or rent their property. Launched in July 2017, 99home is now the 8th largest online estate agency. Investing in marketing customer service, IT and to engage 300 local property experts across the UK.

  • Over 2,000 clients have engaged to either sell or rent their property
  • Rated highly on Trustpilot with 9.9/10 score, and 5/5 on AllAgents
  • Shortlisted for "The Negotiator Awards 2018" Hybrid Agency of the Year
  • It's estimate that by 2020 50% of homes will be sold via online agents

Idea

17th July 2017, 99home went live for sales and letting services, and in its first year has already grown to be the 8th largest hybrid and online estate agent in the UK. The goal is to continue to grow to become of one of the biggest estate agents in Britain and to have over 300 locally based agents in the field by 2019. The success of 99home to date has been based upon the skills, knowledge, and experience of the founders, competitive and transparent value for money pricing based on fixed fees, and a high level of customer service.

The number of customers joining has tripled since Q4 2017. Clients can access up to date information and continue to carry out business activities with prospective buyers or tenants 24/7. The service offers full transparency, with clients being able to choose the services they want from a ‘One stop shop menu’ and then only pay a fixed fee for the actual services they need.

Growth to date has been achieved mainly through recommendation only. 99home is now seeking investment to expand in marketing, customer service, AI, IT systems and engage more agents across the UK.

We are aiming for a 3-5% share of the UK Sell and Let market in the next few years(In 2017, the UK market sold 1.2 milion and let 5 million homes per annum). The total real estate market size is more than £5915 billion in the UK.

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99home has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.