New jobs created as Newcastle’s iamproperty grows auction department

The company’s recruitment drive comes as it aims to have 200 people in its auction division by 2027

North East residential property auctioneer iamproperty is creating new jobs amid plans to grow its auction department to more than 200 employees by next year. The company, formed in 2009 by Jamie Cooke and Ben Ridgway to disrupt the property market, has modernised house selling with a series of tech solutions.

The pair spotted a gap in the market for a property auction service that could benefit estate agents and consumers, with its sales process employing the Modern Method of Auction focusing on completing a transaction in just 56 days. Based at Arden House in Gosforth, the group has announced huge team growth within the auction department, with 170 auction specialists now in post.

The business is now ramping growth with a summer recruitment drive, creating more than 25 new roles for auction specialists in one team alone as demand for the Modern Method of Auction continues to grow. The business, which now has more than 700 staff members across the UK, is planning three intakes across June and July, with applications now open.

Jame Cooke, co-founder of iamproperty, said the expansion reflects continued momentum of auction adoption across the UK property market, as agents, buyers and sellers increasingly choose auction for its speed, transparency and security, especially in challenging markets.

Mr Cooke said: “We’re delighted to be opening applications for our next intake of Auction Specialists as we continue to invest in our people and our growth. Demand for auction is continuing to go from strength to strength and we’re seeing more agents and consumers recognise the benefits it delivers.

“It’s an exciting time to join the team as we scale further and continue to innovate within the property sector.”

At the start of this year the firm snapped up Kent-based ValPal Network, an automated valuation and lead generation platform for estate agents. The deal was described as a key milestone for the group, adding to its offer for agents with lead generation capabilities, alongside existing marketing tools.

Last year saw iamproperty publish its first set of accounts since partnering with Perwyn in a deal thought to have been worth more than £100m. Parent firm figures showed revenues of just under £51m, while Ebitda had increased by 22% to £15.1m.

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