In a groundbreaking move set to revolutionize the conveyancing landscape, Martello, a leading property data company based in Bristol, has joined forces with Propflo, an award-winning proptech firm, to become the first search provider offering energy efficiency risk mitigations as part of their conveyancing searches. This strategic partnership brings together two of the South West's most innovative proptech companies, united in their mission to empower prospective buyers and homeowners with the tools and information needed to tackle the pressing challenges of poor energy efficiency, wellbeing, and net zero compliance in the UK's housing stock.
At the heart of this collaboration is Propflo's cutting-edge 'GreenVal' tool, which will be seamlessly integrated into Martello's climate change report section. Designed to simplify the complex process of retrofitting, GreenVal addresses a critical need in the UK property market, where an estimated £250 billion investment is required to bring homes up to standard, with a staggering 80,000 properties needing retrofitting each month. By providing homeowners and prospective buyers with a user-friendly, one-stop-shop solution, Martello and Propflo aim to bridge the information gap and streamline the currently disjointed retrofitting process.
Through the GreenVal retrofit tool, property owners and potential buyers will gain access to a wealth of valuable insights and resources. The tool enables users to assess the short and long-term benefits and costs associated with making a property more energy-efficient, empowering them to make informed decisions about potential improvements. Additionally, GreenVal provides quotes from a network of accredited local and national suppliers, ensuring that users have access to reliable and competitive options for implementing energy-saving measures.
Recognizing the importance of accessibility and affordability, the GreenVal tool also showcases low-cost and do-it-yourself improvement opportunities, which can be purchased directly through the platform. This feature democratizes the retrofitting process, making it easier for homeowners to take actionable steps towards enhancing their property's energy efficiency, regardless of their budget or technical expertise.
Moreover, GreenVal goes beyond mere energy efficiency, offering users a holistic view of a property's impact by rating factors such as thermal comfort, air quality, and financial stability. This comprehensive approach ensures that homeowners and buyers can make well-rounded decisions that prioritize both environmental sustainability and overall wellbeing.
Luke Loveridge, Founder & CEO of Propflo, emphasized the significance of this partnership, stating, "Climate and energy efficiency risks to properties are increasing. We strive to not only provide one of the most detailed and value for money search reports, but also help homeowners take action to mitigate these risks. The Propflo platform and especially the GreenVal tool will be a great addition to our search reports to make them more impactful and help homeowners make informed decisions."
Henry Crosby, Founder & CEO of Martello, echoed this sentiment, praising the innovative nature of the collaboration: "This is a really interesting use of our platform and means that information is provided to people at a natural point where they might want to do green upgrades to their properties. Henry and the Martello team are great; always innovating to make their product cutting edge. I've been really impressed."
As the UK continues to grapple with the challenges of meeting its net zero targets and improving the energy efficiency of its housing stock, the partnership between Martello and Propflo represents a significant step forward. By integrating cutting-edge proptech solutions into the conveyancing process, this collaboration not only informs but also empowers homeowners and buyers to take proactive steps towards creating a more sustainable and comfortable living environment. As the first search provider to offer energy efficiency risk mitigations, Martello and Propflo are setting a new standard for the industry, paving the way for a greener, more resilient future in the UK property market.
