Overview
PropertyData, launched in April 2017 by Michael Dent, is a subscription-based platform providing data analytics for the UK residential property market. It aids investors in researching local markets, sourcing opportunities, and conducting due diligence. Beginning as a simple MVP, the platform has evolved into a comprehensive tool, generating $128,000 monthly in recurring revenue. Dent's background in web development and experience with startups like what3words shaped PropertyData's development.
Unique Aspect
Offers an affordable analytics tool for individual investors, traditionally available only to large companies.
Approach to kick off
Dent capitalized on his web development expertise to create a cost-effective MVP, focusing on organic growth and reinvestment of revenue for expansion.
Scoop
Business Model ViabilityThe business model, based on a subscription service providing unique market insights, has proven successful and could be replicated in other markets or sectors.
Future Projections
Aims to continue enhancing the product and growing the business, with potential future sale prospects.
Startup Stats
📊 ARR: $1,536,000
📈 MRR: $128,000
🚀 Startup Costs: $68,000
👥 Team Size: 1
🌍 Market: Focused on individual property investors and developers in the UK residential market
👨💻 Users: Has shown consistent growth
💰 Funding: Bootstrapped with an initial loan of £50,000 from family
👨💼 Founders: Michael Dent
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