Sold Houses Near Me: Latest from Cribs Estates in London

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Posted in Jan 05 , 2025

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:

First, thoroughly check the rental demand in the area, looking for average property prices and the types of properties performing well there.
After the price research, you must consider Stamp Duty Land Tax (SDLT), legal fees, property management expenses, and potential renovations.
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.
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%.
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.

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

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Stamp Duty on Second Property Explained

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Short Term Lodging London Guide for Landlords

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How Much Are Letting Agent Fees for Landlords in 2026

It’s rewarding to let property in London, but it also involves time and effort, and responsibility. This is where the letting agents come in and handle everything for you in the market, including tenant screening, rent collection, and maintenance. But the common question is: how much are letting agent fees for landlords? If you are planning to rent your property this year, we have compiled a fee structure to help make your investment worthwhile. Let’s start with:What Are Letting Agent Fees?Letting agent fees are the charges landlords pay for professional help in managing their rental properties. These fees vary depending on the level of service you choose, from a simple tenant finding package to complete property management.In 2026, fees may vary slightly between agents and locations, but most London agencies, including Cribs Estates, let their clients know in advance. The aim is to ensure landlords know exactly what they’re paying for without any surprise charges later.What are the types of Letting Agent Services?There are three main types with separate costs: Tenant-Find OnlyFor landlords who want to manage their properties themselves, the agents will help them with advertising the property, handling enquiries, arranging visits, and securing tenants. They also help with preparing tenancy agreements and typically charge 8–12% of the annual rent (one-time fee).Rent Collection ServiceAgents help find new tenants and manage rent payments each month. They are responsible for ensuring timely rent and chasing after late payments, and handling payment-related issues. The typical fee is 10–14% of monthly rent.Full Property ManagementThis is the most widely used option for landlords who want to focus on other portfolios but don’t have the time to handle all tasks. The agents handle all tasks, including finding tenants and collecting rent, as well as managing repairs, inspections, and legal compliance. The typical fee in 2026 is 12–18% of the monthly rent.What’s Included in Letting Agent Fees?Whilst costs may vary, a good letting agent should offer a comprehensive package that covers:Professional property marketing on major portals.Tenant referencing and background checks.Right to Rent and ID verification.Preparing tenancy agreements and legal documents.Rent collection and deposit protection.Routine inspections and maintenance coordination.Handling tenant issues and renewals.Some agents may also offer additional services, such as rent guarantee insurance or inventory management, for a small extra fee.What Affects Letting Agent Fees in 2026Several factors can influence how much you pay:Central London properties usually attract higher fees due to demand and complexity.HMOs and luxury properties often need more management time.Full management packages naturally cost more than tenant-find only.As the rental market in London stays strong in 2026, some agents may slightly adjust their fees to match demand.Why Paying for a Letting Agent Is Worth It?You don’t have to deal with tenant calls, repairs, or legal updates.Agents ensure your property meets all compliance requirements, including gas safety, electrical checks, and deposit rules.Agents have access to quality tenants through screening and referencing.Professionals know how to ensure minimum void duration. Frequently Asked Questions1. Can landlords still charge tenants admin fees in 2026?No. The Tenant Fees Act bans most tenant fees in England. Letting agent fees are only charged to landlords, not tenants.2. Are letting agent fees tax-deductible?Yes, landlord letting fees are classed as allowable expenses and can be deducted from your rental income when filing taxes.3. How can I compare letting agent fees?Always check what services are included. Some cheaper options might not cover inspections or maintenance, which can cost you more later.How Cribs Estates Helps Landlords in 2026At Cribs Estates, we understand that every landlord’s needs are unique, whether you manage a single flat or several rental properties. We aim to make the letting process simple, transparent, and profitable by onboarding local resources from the area. We offer flexible services, from tenant-find only to full property management, so you can choose the level of support that suits you best. Our pricing is clear and fair, with no hidden costs, so you always know exactly what you’re paying for and why.

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