Purplebricks has experienced significant change and growth in the last few years. Not only has the agency been acquired by Strike, another popular online agency, but it’s also revamped its website and its pricing structure.
Understanding a company’s fees and services is step one in choosing the best agency for your next property venture. Whether you’re looking to sell your property or become a landlord and are considering using Purplebricks, this article is for you!
Keep reading for a complete breakdown of Purplebrick’s selling and letting fees and what factors may impact pricing.
Purplebricks Letting Fees
With over 8.6 million renters in the UK, becoming a landlord is becoming increasingly popular. While some believe letting a property is the secret to passive income, establishing yourself takes months or even years.
Most landlords and property owners need a letting agent to help get their business ventures off the ground. And this is where Purplebricks comes in. They offer various services and packages, all with different price points. As with most UK letting agents, these prices are higher for properties located in London.
Purplebricks offers 3 packages for landlords:
- Tenant Find
- Let & Collect Rent
- Fully Managed
Landlords can enter their postal code and estimated monthly fees on the homepage to unlock different packages, services, and price points.
The more support you need, the more you can expect to pay. Below is a breakdown of Purplebrick’s letting fees and services. Remember that services in London will cost significantly more than outside the city.
Tenant Find Services
This is one of the most common and basic services Purplebricks offers. Purplebricks will advertise your property and prepare the tenancy agreement. This package also includes the following.
- A free valuation
- Tenant referencing
- Adverts on popular property portals, including Rightmove and Zoopla
- A legally binding tenancy agreement
- Assistance managing your let online
- Deposits protected by a Government approved deposit scheme
Let & Rent Collect Services
This package includes the tenant find services mentioned above and offers the following benefits.
- Tenancy agreement renewals
- Free legal notices
- Reminders for annual gas safety requirements
- Monthly rent collection and online statements
Fully Managed Services
Purplebricks offers fully managed services for new landlords or landlords who need a lot of support. This is their most extensive package and, therefore, the most expensive. Landlords will receive all the perks of the tenant find package and rent collection, with these added benefits.
- 6-month inspections of the property
- Maintenance and repair assistance and reports
- Access to Purplebrick’s management portal
Package pricing depends on where the rental property is located. Services for lets in England and Wales are significantly cheaper than those in Central London. Below is a cost breakdown based on location.
Additional Letting Fees & Services
As comprehensive as Purplebrick’s packages are, some landlords need additional services or individual add-ons. For example, tenancy renewals, inventory checks, and safety certifications. Everything comes with a price tag, and these extra services and fees are also based on where your property is located.
Below, you’ll find additional fees for properties outside of Central London. If your letting property is inside the city, contact Purplebricks for more information about these rates.
Purplebricks Selling Fees
Purplebricks is more than just a letting agency. The company also has years of experience marketing and selling various properties in and around London. Unlike other estate agencies that charge high commission fees, Purplebricks offers individual services and fees, allowing homeowners to choose which services they need and can afford.
Purplebrick’s easy-to-use calculator lets you calculate fees using just your postcode.
Like the company’s letting services and fees, selling fees on Purplebricks vary based on how much help you need. Add-ons are also available at a cost.
Sell for Free
You read that correctly! Purplebricks offers free services to market and sell your home. Sellers receive an expert valuation and a detailed report with valuable insights about your property. You’ll learn what your house is worth and what similar properties in the area are selling for.
All properties are listed on the UK’s most popular portals like Zoopla and Rightmove. Purplebricks will even help craft an eye-catching listing that ensures your property gets noticed and clicked on. Purplebrick’s app lets sellers manage their listings by communicating directly with buyers, accepting or declining offers, and managing viewings.
Professionals at Purplebricks will negotiate to help sellers secure the best price for their home or property. Sellers also get free access to Purplebrick’s team of experts to help answer any questions and address potential concerns.
Boost Your Sales
While most of Purplebrick’s services for sellers are free, there are ways to improve results and expedite the sale of your property. By upgrading to the Boost Package, your listing can get more views, which may result in a faster sale. This package is £149 and includes the following:
- Digitally enhanced photos of your property
- A 360-degree virtual tour
- Professionally designed floorplan
- Premium listing on Rightmove
- Expert mortgage advice
Full House
With this seller’s package, you’ll enjoy all the benefits of Purplebrick’s free services and the Boost package, plus the following services:
- Hosted viewings
- Additional mortgage advice
This package is worth £299 and is ideal for sellers who need lots of support through every step of the move.
Additional Services & Fees for Sellers
These 3 packages aren’t your only options as a seller. Purplebrick offers a long list of add-on features so sellers can create a custom plan that works best for their budget and property. Here are a few of the most popular add-ons plus fees for sellers. These fees vary based on the property’s location and the above package you select.
- Hosted viewings – £899
- Rightmove listing – £399
- Rightmove Featured Property Listing – £149
- Rightmove Premium Listing – £125
- EPC (Energy Performance Certificate) – £119
- Digitally enhanced professional photos + a 360-degree virtual tour + professional floorplan – £699
- Elevated photography – £99
- Drone photography – £199
It’s important to note that there may be additional fees for mortgage advice. Your final amount for any of Purplebrick’s services depends on your circumstances. Fees may be as high as 1%, but the average cost is £299. All packages are also subject to a separate £80 Anti-Money Laundering fee.
Sell or Let with Purplebricks
Purplebricks is one of the largest and well-known estate agencies in and around the UK. Whether you want to sell your home or become a landlord, Purplebricks has a package or service that can help.
Before you set your rental rates or choose a listing price, make sure you calculate these fees. This ensures you have enough money to fund your next property venture.
