Whilst the residential property market continues to suffer the effects of the economic downturn, Graham Penny Estates, which is based on St James’ Street in Derby, has enjoyed its most successful year to date.
The company, which was launched in Spring 2009 as the sister company to Graham Penny Auctions, has defied market conditions by achieving a massive 65% growth in 2012.
In 2011, the company, which is headed up by Robert Stone, completed and exchanged on 129 properties, which was an achievement in itself given the state of the property market.
The business continued to exceed all expectations throughout 2012 and finished the year by completing the sale of more than 200 properties.
Graham Penny Estates continues to lead the Derby property market with the highest sale to stock ratio in Derbyshire, with a conversion rate of 57% in the current yearly quota.
Experienced valuer Robert Stone, who has more than 15 years’ estate agency experience, was recruited to manage the company when it was launched in April 2009.
Since then, he has strengthened his team with the appointment of sales manager Annette Williams and one full time negotiator, Stephanie Watson – at a time when many of its competitors are being forced to reduce their staffing levels.
In recognition of the company’s continued success, Robert Stone has now been appointed a director of Graham Penny Estates.
He attributes the company’s success to its experience in the market, coupled with the fact that it offers homeowners a complete package:
“I am delighted at the success that Graham Penny Estates has achieved over the past three and a half years. We pride ourselves on offering good old-fashioned face-to-face customer service, coupled with a realistic pricing structure and experience of how to negotiate on a sale.
“Over the years, my team has amassed a vast amount of experience and market intelligence, which enables us to offer an unrivalled level of service.
“We have numerous ‘thank you’ cards in the office, which support the fact that you can’t beat dealing with people – rather than faceless computers!”
Managing Director Graham Penny added:
“Graham Penny Estates was launched in response to increasing demand from both private and commercial clients who wanted to sell properties by private treaty as well as auction and preferred the convenience of placing properties with one company.
“Robert has done an excellent job in developing the business and recruiting some of the most experienced people in the industry. This has reinforced the group’s reputation for excellence and I am delighted to announce his appointment as director,” added Graham.
Graham Penny Auctions and Estates acts for both private individuals and institutions selling a wide range of interests, from investment properties and vacant houses to building plots, commercial investment properties and others.