National estate agency Spicerhaart is launching a new online estate agency business in collaboration with Tesco.
The new website, iSold.com, will initially be aimed solely at property buyers and sellers in the Bristol area, before being rolled out to the rest of the country if it proves a success.
The main selling point is the cost – iSold will charge vendors a flat fee of £999 to sell their property, rather than the 1% to 3% fees traditionally levied by estate agents.
For the £999 fixed fee the seller gets a valuation and home consultation, and has professional property details drawn up for the internet, including photos and measurements.
The details are advertised on all of the major property portals including Rightmove.com and findaproperty.co.uk, as well as the iSold website.