Sell your home for £1 on Cubbyhole


Updated on 23 May 2016 | 0 Comments

You can now advertise your property for just £1.

A new website will let you market your property for almost a month at a cost of just £1.

Cubbyhole launched the remarkable offer last weekend (21st May), but you’ve got until June 17 to take advantage. 

After 28 days the fee will jump to £60 a month, but even that's significantly cheaper than traditional high street estate agents.

What does it offer?

Cubbyhole just deals with the advertising side of things, so you’ll have to do quite a bit of the house-selling legwork yourself. To help you out, the site has guides for both buyers and sellers including how to photograph your property and questions to ask the seller.

It’s not like you’ll have to tackle the entire process alone, though. Cubbyhole also provides listings of essential local services such as solicitors, plumbers, gardeners and conveyancers under its ‘Find a Pro’ section.

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How it compares to other estate agents

According to Which?, most estate agents will charge 1%-3.5% of your home’s selling price. That means someone selling a £200,000 home could end up paying their agent up to £7,000.  

Online estate agents are normally much cheaper, charging a set fee of between £400 and £1,000.

Houses that are sold through Cubbyhole will not feature on the likes of Rightmove and Zoopla, so your listing won't reach anywhere near as wide an audience. However, the site's owner says he's hoping to make it the third main 'go-to' site when buying and selling property.

 “We’re not trying to change the industry,” Peter Lampe, Cubbyhole’s chief executive, told The Telegraph.

“We don’t want to compete with Rightmove and Zoopla or estate agents, we just want to say there’s a new way of doing things.”

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If you've got a personal finance-related story to share, email us at uknews@lovemoney.com 

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Housing madness: garage sells for £466,000

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