Cribs Estates Ltd
Back to the blogs list

Sold Houses Near Me: Latest from Cribs Estates in London

Sold Houses Near Me

Anyone searching for the term "sold houses near me" in the London area will start getting results from top websites, but only a handful are reliable sources. As we enter 2025, one of the leading estate agencies in town is Cribs Estates, located in South West London. The experience of a decade-long service of assisting landlords and renters with property management and legal obligations and getting the best property rates in the market in areas like Wimbledon and Mitcham.

What you would be getting from this blog is how to ensure you get the right property, the price of the house, and other key considerations before making the big decision. But first, here’s what the London property market is all about: 

The London Property Market

The property market in London is still consistent at the end of 2024, when we see the demand and price hikes. In the last 10 years, property prices have increased by about 40%. This is mainly because the COVID-19 pandemic has changed people's perspective towards living in suburban and rural areas for peace and privacy. In the last quarter of 2024, the property bounced back with more than a 1% price hike set by the Lower Bank of England.  

After this change, more buyers and sellers have entered the market. However, the affordability factor remains the same due to the cost of living crisis, which has badly impacted the prices of properties across the UK. In areas such as Wimbledon, with its green spaces and convenience, and Mitcham, known for its affordability and ease of transportation, the demand for rents can vary.

Average Property Prices in London

London has the most vibrant property market, with many prime locations and neighbourhoods. Wimbledon is one of the best, with an average price of £700,000, which can surpass £1 million for large families. 

On the other hand, Mitcham offers affordable living places with an average price of about £400,000, targeted towards people buying for the first time and looking for a buy-to-let investment. If you’re seeking more affordable locations, Deptford is the best in average house prices, starting from £352,000, making it among London's most affordable places. 

Average Rental Market

If you are a landlord reading this blog, you must understand that the expectation you can get from rent depends on many factors. For example, Wimbledon is close to central London and offers easy transportation, which helps to attract more people to get a rented place here. The average rent here will cost you around £2,500 monthly for a two-bedroom area. The price of the same area in Mitcham will be approximately £1,500 every month, showcasing its easy affordability and demand. 

What Landlords Should Know Before Buying?

Like every other important decision, purchasing property in London requires careful planning and awareness of the market changes if you are searching for sold houses near me. Here are some key considerations landlords should do before starting:

  1. First, thoroughly check the rental demand in the area, looking for average property prices and the types of properties performing well there.

  2. After the price research, you must consider Stamp Duty Land Tax (SDLT), legal fees, property management expenses, and potential renovations.

  3. The UK government's tax obligation for second properties priced up to £250,000 is 3%, increasing. Rental income is taxable for the landlord's total income slab. Another tax is the capital gain tax on the sale of buy-to-let properties, and the rate is between 18% and 20% based on net income.

  4. You can secure a mortgage based on the rates that are easy for you. Generally, this rate of buy-to-let property is within 5-6%.

  5. Landlords must ensure that the property meets the local council's laws and regulations and has an EPC rating of E or more. This means that gas, water, and other safety measures must be included in the provided agreement. 

The Best Way to Purchase Property as a Landlord

The mentioned points that landlords need to consider are time-consuming and require lots of effort to go from one place to another to get the job done. This is why it’s always a good plan to have someone in your stand who can do it all for you. Here’s how Cribs Estates can handle all the mentioned points and simplify your life. 

  1. Cribs Estates provides tailored advice, ensuring landlords find properties that match their investment goals. Their local knowledge of Wimbledon, Mitcham, and surrounding areas is invaluable.

  2. We are present in all major areas of the UK, including Mitcham, which offers strong rental returns, and Wimbledon, which appeals to long-term tenants seeking premium properties.

  3. Cribs Estates has access to off-market listings. Our team is always present in the field, searching for the best deals on properties so that we can offer landlords exclusive opportunities.

  4. Before the actual purchase, we thoroughly evaluate the property’s condition to avoid unexpected renovation costs.

  5. We offer complete property management, rent collection, tenant agreement drafting, and handling of all local area council approvals.

What About Tenants?

Tenants searching for houses near me often prioritise factors that can make their transportation easy, such as schools, hospitals, and other amenities. Wimbledon’s charming high street and Mitcham’s community parks make both areas appealing. Cribs Estates helps tenants by partnering with them to offer the best long-term properties based on their budget and preferences.

What to Decide?

The search for "sold houses near me" is always about the importance of local expertise and market trends of the estate agents you choose. Whether you’re a landlord seeking to expand your portfolio or a tenant looking for your next home, Cribs Estates is your trusted partner from the UK's first area to the last. 

Shared on social media

Comments


Latest Blogs

Benefits of Block Management Services in London

London's property market is fast-paced, so it's important to ensure block management is up to the mark if landlords want to maximise their properties' value, safety, and efficiency. Whether you are seeking to lease or are already a part of an association of residents, ensuring your block has the proper maintenance will save you time, money and legal complaints. Top block management London services manage all operations while maintaining 100% transparency in financial and legal matters. From a small apartment to large buildings and residential areas, estate agents offer expert assistance that surpasses your expectations in block management. Why Do You Need Block Management?Block management, also known as estate or property management, involves maintaining communal areas and shared building facilities. Everything that covers repair, financial administration, and keeping a check with regulations comes under its umbrella. If there’s no structured management, the properties may start to decline in value, disrupt the routines of tenants, or get hefty fines from authorities. Top estate agents like Cribs Estates ensure that you get the best apartment block management in London that professionals run.Trusted Block Management ServicesCribs Estates has been in the market for over a decade, specialising in all areas of property management. We offer complete block management services to landlords and investors to ensure their peace of mind. 1. Maintenance and RepairsRegular inspections and proactive maintenance to prevent costly repairs.Coordinate cleaning, landscaping, and general upkeep of communal areas.Swift response to urgent repair requests, ensuring resident satisfaction and safety.Access to trusted contractors for plumbing, electrical, and structural repairs.2. Financial ManagementTransparent handling of service charge budgets, ensuring funds are appropriately allocated.Collection of service charges and ground rent on behalf of freeholders.Detailed financial reporting for leaseholders and resident associations.Cost control measures to ensure residents receive value for their contributions.3. Health & Safety ComplianceRegular risk assessments to prevent hazards in communal areas.Ensuring compliance with fire safety regulations, including smoke alarms and emergency exits.Implementing necessary maintenance for lifts, stairwells, and shared facilities.Coordinate insurance policies for the building and communal areas.4. Legal and Regulatory ComplianceBlock management is subject to strict legal requirements in the UK. Cribs Estates ensures full compliance with laws such as:Health and Safety at Work Act 1974The Regulatory Reform (Fire Safety) Order 2005General Data Protection Regulation (GDPR)Leasehold Reform Act 2002Section 20 Consultation (Landlord and Tenant Act 1985) 5. Resident Communication and SupportActing as a liaison between residents and freeholders to resolve disputes.Handling complaints, maintenance requests, and queries with care.Organising residents’ meetings to keep all parties informed.6. Major Works & Long-Term PlanningProject management for significant renovations, refurbishments, and structural repairs.Ensuring compliance with legal obligations when undertaking large-scale improvements.Long-term maintenance planning to ensure sustainability and financial efficiency.Why Is Professional Block Management Important?Many freeholders and leaseholders underestimate the complexities of block management. Poor management can lead to:Disputes over service charges and unfair costs.Neglect of communal areas, resulting in declining property values.Breaches of legal obligations lead to fines and legal action.Unhappy tenants and leaseholders due to poor maintenance and lack of communication.Choosing a professional block management company like Cribs Estates ensures that all aspects of your property are handled efficiently, keeping residents satisfied and your investment protected.The Importance of Legal Compliance in Block ManagementLondon’s property laws are strict, and non-compliance can lead to severe penalties. Property owners and landlords must be aware of:Buildings must follow the latest fire safety laws, including risk assessments and necessary fire safety measures. Cribs Estates ensures compliance with all fire safety legislation, protecting residents and freeholders.Our team conducts routine health and safety checks to identify potential hazards and take corrective measures before serious problems occur.Handling resident information comes with responsibility. We ensure compliance with GDPR, safeguarding personal data from misuse.Leaseholders have legal rights regarding service charges. We ensure clear communication and financial accountability in all transactions.Why Choose Cribs Estates for Block Management in London?With years of experience managing residential blocks across London, Cribs Estates has built a reputation for excellence in property management. Here’s why clients trust us:Tailored ServicesWe understand that no two apartment blocks are the same. Our management solutions are fully customised to meet the specific needs of your property and residents.Proactive Maintenance ApproachRather than waiting for problems to arise, we proactively approach property upkeep, preventing costly repairs and ensuring a well-maintained living environment.Transparent Financial ManagementService charges, budgets, and expenditures are managed completely transparently, giving residents peace of mind that their contributions are used effectively.Knowledge of Legal RegulationsOur team stays updated with all UK property management regulations, ensuring full legal compliance and avoiding potential fines or disputes.Dedicated Customer ServiceWe prioritise clear communication and quick responses, ensuring that landlords and residents receive the highest level of support.Whether you own a single apartment block or a large residential portfolio, we have the expertise to deliver top-quality management services. Get in touch today!

Read more

How To Manage HMO Property

Managing a House in Multiple Occupations (HMOs) in London is tricky. It requires deep knowledge of the latest laws, property market analysis, and strong communication with tenants. With the new laws already on the verge of hitting the economy, landlords must be cautious to ensure tenants are well taken care of in all departments before letting. If you are not very familiar with the term, here’s a brief:What is an HMO?A House in Multiple Occupations (HMO) is a property utilised by at least three tenants from separate households, all sharing facilities like a bathroom and kitchen. As landlords, dealing with HMOs is challenging as you have strict regulations to follow to keep up with tenant safety standards and house maintenance. There are plenty of types of HMOs, including:Small HMO: Three or more tenants from different households sharing common facilities on the same property. Large HMO: Five or more tenants from different households sharing the same property. This type of HMO requires a special licence. Student HMO: This HMO is meant for students and is generally exempted from the tax. However, all other HMO regulations apply to it. Converted Buildings HMO: Buildings that are changed into flats do not meet the new building regulations but can fall under the HMO classification. What is required by HMO Landlords?Landlords are responsible for many tasks to ensure they obtain and run HMO properties, or they can hire a reputable estate agency. Here are some of the main tasks they need to perform:Get the required HMO license from the local council so they don’t get any penalties for not having a valid permit. Conduct fire, gas, and all other risk assessments to ensure everything works, including smoke alarms, gas supply, and electricity wiring. Landlords must ensure that their properties are well maintained by cleaning and repairing them occasionally for the tenants. Check and validate the tenants to ensure they can live in the UK.Make a detailed tenancy agreement with the rent amount payment schedule communicated transparently. Protect the deposits within the approved government scheme in the given period, 30 days of receipt. New official laws for HMO propertyThere have been some important legislation updates in 2025, including:The abolition of Section 21 which has removed the ‘no-fault’ eviction process and now requires that landlords produce valid reasoning before they can terminate the tenancy contract. New laws that require properties to meet strict high energy standards and performance targets are being introduced.New regulations protect tenants from unfair rent increases or landlords who do not handle repairs promptly.How to manage HMO property?It can be overwhelming for a single landlord to manage everything whilst focusing on growing their portfolio. Here are some challenges:Landlords must stay ahead of ever-changing laws to ensure their property remains in the government's good books.They must be available for tenants to solve conflicts and keep them attached whilst overlooking their backgrounds.Landlords also need to regularly inspect their properties and do all repair and maintenance work so there are no standard violations. It seems too much work. Well, it is! You would have to work with multiple legal papers at once and always take appointments with local councils. This will leave no time for you to focus on growing your portfolio. But there’s a solution. Cribs Estate to the rescue! We have been in the London property market for over a decade and are already helping hundreds of landlords manage HMO property. Cribs Estates specialises in letting and management of all HMOs across London. We ensure both landlords and tenants are happy with the deal and that every corner of the property is in the best shape every day of the year. Here are some of our top HMO management services: Our experts contact the local authorities to obtain the proper licence for your property within the HMO classification.We stay current with the new regulations to provide the best guidance based on legal and safety standards. Our panel of experts conduct background screening of tenants to validate their reliability and commitment to the property.Your property will get regular inspections and maintenance checks from technical persons to keep it in the best condition. Landlords will never have to worry about tenant disputes and queries the tenants, as we manage to keep their relations healthy.Cribs Estate is committed to offering landlords the best possible experience managing HMO property efficiently. We spend time and money gaining local knowledge of the latest happenings and law changes. Making Cribs Estate your ideal partner ensures peace of mind about your property whilst ensuring maximum monthly rental yields without gaps. Want us to manage your HMO property? Talk to our expert estate agent today to know the most profitable way you can manage your HMO.

Read more

Landlord Faces Over £23k Penalty for Failing to Meet Rental Standards

The court just ordered a landlord to pay the penalty of £23,000 and more as fines and other legal costs when he failed to ensure his property falls under housing regulations. The ruling by the court is a step forward to ensure the authorities take strict actions against landlords who don’t follow legal rules. It was also ruled that if the landlord fails to pay the penalty, they will face a jail time of up to three months. The penalty breakdown includes a £18,500 fine, £3,750 in costs, and a victim surcharge of £2,000. However, it must be noted that the case was made against the landlord for failing to comply with the housing regulations multiple times, including failing to carry out essential repairs and safety checks for the tenants living in this house. Breach Details When local authorities launched a complete investigation after receiving multiple complaints from the tenants, they found many breaches in the house. There was dampness and mould found in rooms, directly threatening tenants' health.The electrical wiring in the house was faulty, and sparks were coming out, which could cause a fire hazard at any time. The house lacked proper heating, which left it in cold conditions.The landlord responsible for the house had not obtained the legal licence required to manage his rented property. The council repeatedly warned the landlord, but he failed to work on the required improvements, which led to prosecution. Crackdown on Non-Compliant LandlordsWith this case in hand, the government plans to crack down on other landlords who are not following to keep up with regulations. As per the law in the UK, local councils can legally impose civil penalties of up to  £30,000 for each offence. The landlords may face a complete ban or jail time in severe cases. This ruling was meant to warn landlords about the importance of housing laws. Councils are using more powers to enforce the laws and ensure that rented properties are safe, livable, and compliant. Landlords are urged to check their properties regularly to make sure all health and safety measures are in place so that there are no heft panelities for them.

Read more

Explore Commercial Property for Sale Near Me in Key London Areas

The London property market is famous for its ever-thriving environment, offering limitless gaps for landlords and tenants. This market is expected to rise in 2025 as we see a price hike in rents across all areas. Multiple factors have contributed to rental market growth, including low interest rate cuts, stabilised inflation, and better debt finances. If you’re a landlord or a business investor, it's the right time to understand the market and take the first step to successfully buying your first or next property. In this blog, we will explore how to utilise your best search related to the commercial property for sale near me and your options. Benefits of Investing in Commercial Property in LondonAll major areas of London are quickly becoming hotspots for property lovers as commercial real estate is on the rise due to a stabilising economy and more businesses entering the market. The city has a lot to offer for investors, from retail areas to offices and industry units, you name it, and we’ll tell you the benefits. Here’s why you should also consider it:Landlords and investors get a constant ROI from their rental property, thus leading to long-term capital growth.London is a global financial hub, so businesses in this city will benefit from exposure to international markets and access to global franchises. Every area in London offers something unique so that you can benefit from various business and industry cultures. Key London Areas for Commercial PropertyThere is more to London than just residential areas. With the right estate agent like Cribs Estates, who specialises in assisting investors, landlords, and businesses in getting their hands on the best commercial property in the most demanding areas, With our decade of experience, our expertise can easily be moulded to meet clients' requirements. Here are some of the top areas with searches of commercial property for sale near me: MitchamMitcham is known for its growing community and affordability. It is best suited for small and medium-sized businesses. It has everything you need, including retail shops, office areas, and warehouses. More importantly, it is linked to the centre of London, so transportation is effortless here if this is your priority. MordenA beautiful area on the Northern Lines, Morden has recently been experiencing a surge in demand for commercial properties due to its proximity to central London. The area also has lots of greenery and parks, so starting shops can benefit from them.  WimbledonIt is one of the most premium commercial properties and is better suited to businesses working in expensive niches. The area has a blend of residents and high-end shopping malls, so it’s more beneficial for retail stores and offices that handle clients daily.  TootingThe majestic place is known for its scenic views and diversity of cultures. It is more friendly to small businesses and startups looking for affordable commercial spaces with low traffic and easy access to necessities. The increasing demand for these spaces has increased property prices recently. SuttonPeople who prefer Sutton love the combination of suburban peace with a uran ban pace, where business opportunities thrive. Due to the environment, prices are lower here, as the government wants to expand its local economy and urge businesses to commercialise this area for long-term growth. So, it's a dream property destination for commercial buyers now. The Correct Way To Explore Commercial Properties In London So, you finalised a broader plan but don’t know how to explore the properties correctly? Follow these steps, and you will never have to worry about anything while searching for commercial property for sale near me. Finalise RequirementsFirst, understand the right property type for your needs. Then, decide whether to buy it for retail outlets and office spaces or rent it to an industry warehouse. Your requirements will play a key role in narrowing down the search. Choose Right AreaThe area you select will depend on the business you want to carry out. Do deep research on the demographics and traffic of different areas and the competition you would be looking at per the neighbourhood. Set a BudgetThe prices in London are increasing every day for commercial and residential areas. You must set a clear budget before focusing on the property so that your financial plan doesn't get a hit when you start. It will include many site visits, valuations, and looking after legal and local council documents, which can be daunting. How Cribs Estates Can Help You?Cribs Estates has long been a trusted name for London landlords and investors. We have assisted hundreds of buyers in finding their dream commercial property in all the major areas of London. Here’s your answer for the commercial property for sale near me search that you are looking to solve: We have decades of experience and a portfolio in handling commercial lands of all sizes in major areas like Mitcham, Morden, Wimbledon, Tooting, Sutton, and more. Our team has everything listed to match your specifications. Through our internal links and legal work in the market, Cribs Estates ensures you get the best value for your investment in London. We assist you on every step, from free valuations to finalising the purchase that will give consistent returns.Our dedicated team is always ready to help landlords, investors, and business owners with legal and maintenance issues.We are present in all major areas, so our experts can help you understand every neighbourhood and make informed decisions. Cribs Estates is your trusted partner if you’re looking for a commercial property for sale near me. Contact us today to explore the best opportunities in key London areas and make your investment journey successful.

Read more

Property search

Residential Lettings
Price
Number of Bedrooms
x