A Prime Central London (PCL) agency founded by former Savills and Knight Frank employees is celebrating five years in business.
Tedworth Property was founded in September 2017 by Christian Warman (ex-Savills) and Simon Tollit (ex-Sotheby’s and Knight Frank).
real estate agent today first met the pair in February 2018, where they outlined plans to operate from a well-located central London office rather than a branch and involve the agents in valuations, appraisals and viewings.
Five years later, the brand is still going strong and staying true to its original goals.
It has moved its offices to Sloane Street to be more conveniently located between prime areas of Chelsea, Belgravia and Knightsbridge.
The number of employees has also increased, with six employees now working for Tedworth Property, including five fee earners.
The brand typically sells properties ranging from £2million to £10million and has also branched out into letting.
Speak with real estate agent todaythe couple said the agency is now selling five times as many properties as when it started.
The founders are still involved in valuations, viewings and the entire sales process in partnership with other team members.
Tollit said: “The key message concerns us, our networks and contacts
“People like working with Tedworth Property because we can give the right advice.
“We speak quite directly and people immediately want to deal with people who have experience of what the market is going through.
“We are increasingly being engaged by clients who are a little tired of hearing lip service when they really need advice.”
Asked about the current conditions in the housing market, Tollit added: “Customers have to be realistic.
“Traditionally, high inflation and rising interest rates are not good news for the housing market.
“However, central London has the advantage of many foreign buyers taking advantage of the weak pound.
“Right now there is a balance out there.
“PCL is driven more by sentiment than sheer hard-core economy and affordability.
“Most people here can afford to buy a £4million flat, whatever the market conditions. The question is whether they are comfortable with it.”