Cribs Estates Ltd
Phone
WhatsApp
Back to the blogs list

Sold Houses Near Me: Latest from Cribs Estates in London

Sales
Posted in   Jan 05 , 2025
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

How to Choose the Right Estate Agency Near You in the UK

In the UK, buying or selling properties can be daunting if you plan to do it solely. If you have the right estate agency working in a fast-paced environment, you can be sure of all the favourable outcomes as all tasks are managed by an expert team with hands-on experience in the field. But how does this process become smoother and less stressful than working on it yourself? In this blog, you will get the best approach to finding the right estate agency near me whilst searching in the UK. Start with:  1. Local Estate Agencies The first step is always the local way you will create a list of estate agencies in your area. You can utilise search engine platforms to look for property management firms and directories coming up in your area. Once you have identified the right company, you must ensure they have a good team and valuable marketing skills to ensure your property is well taken care of and sold quickly.  2. Analyse Experience and Expertise Next, you need to analyse the agency's experience related to the properties they have managed and sold that are similar to yours. Suppose an agency has a proven track of providing the best property valuation based on the landlord's criteria. In that case, it will be safe to say that the company is better in that particular niche. So, look for an experienced estate agent in all property niches.  3. Ask for Credentials and Memberships You have the right to ask the agency to provide a registration certificate for certain property-handling government bodies like the National Association of Estate Agents (NAEA) or UKALA United Kingdom association of letting agents. If an estate agency has membership in certain official bodies, they follow the government's rules and standards.  4. Read Other Reviews and Testimonials We all know that reading reviews online about a particular product or service can be beneficial if you search for the right estate agent. Plenty of platforms, mainly Google, can offer insights about an agency's reputation. If you get a positive response related to how the company works, its communication and how professional it is, you can get a basic idea of the choice you will need to make.   5. Comparison of Fees and Services Estate agencies in all areas charge differently based on the price of property sold. As a landlord searching for the right fit, you must first ask for a breakdown of their fees and what services will be added. Companies generally offer complete packages that cover everything in detail so that you understand their services and set your budget.   6. Ask About their Marketing Strategies When searching for the right estate agency near me in the UK, you must inquire about their marketing strategy. Effective marketing techniques will be used as a reference, such as the agency offering professional photography, tours, and professional listings on all the major platforms. For instance, some of the top estate agents in the UK, like Cribs Estates, have their property listings and social media accounts. A company with a good plan can maximise the opportunities to attract and close deals with potential sellers and renters.  7. Get to know agents Meeting with an estate agent you have shortlisted is one of the key tasks. Ask them about their goals and how they plan for your property. Make a quick assessment of their business's professionalism and communication style. A one-on-one meeting makes it simple for both people to know if they get along. 8. Write down a list of enquiries Make a list of questions to ask the agent when meeting with them. Example: How do you go about marketing my property? What is your level of experience with comparable properties? How are you going to figure out the asking price? Tell me about the other pertinent services you provide and your service fees.  How do you plan to keep things open and honest with me?  The answers you receive will give you more information about their skills, expertise, and goals in helping you. 9. Examine their insights into the local market Having a well-versed real estate agent in the local market is always beneficial. Your selected agent should know current market trends, recent sales, and the local market. This information will help them assess their ability to value properties and develop strategies. 10. Look at how quickly they respond Transparency and communication are key components of the first rule of the real estate market. Assign them a task to gauge how well the agency of your choice responds and maintains communication. An estate company that respects your time and their job will keep you updated on all events, providing you with comfort and a stress-free atmosphere.  11. Have confidence Trust your intuition to be sufficiently confident and at ease with your choice after thoroughly examining whether the agency fits you. You and the company you work with must get along if you want to rent out your property successfully.  The right agency near me It comes down to the most important factors, such as research, careful analysis, previous client testimonials, word of mouth from the market, and strategies. Let’s discuss the top estate agents in the UK who work for landlords.  Introducing Cribs Estates Cribs Estates has been in the market for the last decade and works within the heart of the UK. It has a reputation for professionalism and transparency with its customers. Whether you are a landlord, tenant, buyer, or seller of a house, we have tailored solutions that will meet the requirements of your property. Here’s what Cribs Estates offer: We have a deep knowledge of local property markets, including Morden, Mitcham, and surrounding areas, so we can offer you the right property valuations whenever needed. Services for landlords, including tenant sourcing, rent collection, property management, and legal compliance guidance.  Cribs Estates uses professional photography, virtual tours, and multi-channel advertising to ensure maximum visibility for every property. We inform our clients at every step so they trust us with their property management transparently.  We offer specialist services for landlords with Houses in Multiple Occupation (HMOs), including licence applications and compliance management. Cribs Estates is ideal for landlords seeking a reliable property management partner. Apply for a free valuation of your property from Cribs Estates, and our agents will respond with complete results. 

Read more

Is it Worth Buying Houses in Need of Renovation for Sale?

If you are going to buy your first house or are just exploring new areas for property investment at the moment, one question always comes to mind: Is it worth buying houses in need of renovation ? You may wonder why these properties, as they will require a lot of work and effort to reshape. But if you look at the bigger picture, these properties offer opportunities that could be game-changers for the London housing market. How? We have covered everything in detail to explore the benefits, challenges, and ways to purchase renovated homes. It’s worth the read!  The Benefits of Buying Houses in Need of Renovation Let’s start with some of the major advantages of investing in houses for sale that need renovation.  1. Lower Initial Costs The biggest upside is that these houses are relatively lower priced than normal houses in the market. Most of the time, these properties are not valued for their condition, giving landlords a good opportunity to invest and create ROI.   2. Potential to Customise If a landlord wishes to reshape the property, buying a renovated one offers the best opportunity to customise as needed. They can build their own modern rented unit for multiple families or make it specific for a single large family. The freedom to design based on the market requirements is always there.  3. Get the Best Return on Investment (ROI) Buying, reshaping, and selling the renovated property is always profitable work. The condition and features you install will also maximise the value and income potential it will gain in the market whilst generating ROI. Let’s take an example: If a house was bought in Mitcham for about £450,000, then after the post-renovation, the value of the property should increase above £600,000, depending partially on the quality and the improvements made in the remodelled home.  4. Demand for High Quality Areas Areas like Wimbledon, Morden, Colliers Wood and Mitcham always rise in price, and the demand for high-quality property here is a dream. Suppose landlords purchase a renovated property in such areas. In that case, they can build it as per the preference of tenants, which may include a low-energy consumption home with the finest quality interiors. This strategy works in London for people who question whether it is worth buying houses that need renovation for sale. The Challenges of Buying and Renovating Houses Whilst the benefits of buying are appealing, the landlords must also consider some of the challenges that can arise when you purchase. Here are some points to help you evaluate the challenges you anticipate during the process.  1. The Condition of Property The renovated houses are different when it comes to condition. You can expect very basic updates to a major area repair required. Conducting a thorough survey from a renowned estate agent like Cribs Estates is important to ensure any potential area damage or dampness in the plumbing structure.  2. The Cost of Renovation Let’s discuss the most crucial factor in this process: the budget. It can go towards the sky anytime due to an unforeseen repair. To give you an example, the cost of giving an upgrade to a kitchen may be somewhere between £9,000-£10,000, and to go for a complete house refurbishment will cost around £70,000 as per the size and scope of the property and timeframe needed.  3. Planning Permissions  In some cases planning permission is needed before the start of renovation, especially in places like conversations or listed buildings. Landlords are responsible for determining the local council's regulations and timelines for completing the project.   4. Government Regulations Compliance As per the government, the properties listed for renovation must follow strict rules written to meet the finest standards. These include:  Properties must meet a minimum EPC rating of “E.” Structural changes must comply with all defined safety standards. Quick-fire alarms with escape routes for rental properties must be installed in case of any HMO properties  Gas safety regulations  Get the latest updates for EICR reports for electricity PAT testing in case of HMO’s 5. The Time and Effort Needed As a landlord, you must invest much time and effort caring for various aspects of the renovated house. We are discussing managing contracts, materials, project completion milestones and deadlines, and the budget.  How Cribs Estates Help Landlords? Cribs Estates Ltd has been in the market for more then 15 years and specialises in managing the landlords investments in this UK property property market. We are experts in locating all the houses that need renovation and can be bought easily. Here’s why we are the most trustworthy and transparent in our work:  1. Property Listings As Per Budget We have the most broad list of properties available for your review in the most popular areas, like Wimbledon and Mitcham. Our experts identify the most appealing properties that fit your budget and goals. Whether you require a family home, a small-level upgrade, or a large-level refurbishment, our team is ready to help.  2. Real Market Insights To win the best deal, you need to have the latest information in the market. Cribs Estates has all the local listings and insights to help landlords make informed decisions, like knowing the maximum rental returns on the houses brought from renovation sales. Also, we have a complete comparison list of all the areas to ensure your investment is never on the losing side.  3. Free Property Valuations Experience instant free online valuations of your property. Just fill out the form on the website and get the fastest free valuation for your renovated house. We have the most reliable factors to determine the cost and even the potential to upgrade that will affect the market value of your property.  4. Regulations and Planning Assistance Getting permissions and compliance is always daunting if you don’t have a team beside you. Cribs Estates will always make sure your renovated house meets the criteria set by the local council and government.  5. End-to-End Property Management From the listing, renter screening, repair and maintenance, and rent collection, we are your trusted partners for peace of mind.  Is It Worth It? The Verdict Is it Worth Buying Houses in Need of Renovation for Sale? Yes! Buying these homes is worth the investment, considering their potential for greater ROI. You will need to partner up with Cribs Estates to ensure the smooth operation of your property.

Read more

Sold Houses Near Me: Latest from Cribs Estates in London

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 MarketThe 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 LondonLondon 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 MarketIf 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 LandlordThe 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. 

Read more

Estate Agents for Country and Fine Properties

Country and fine properties in the UK hold a timeless appeal. From expanding estates in the countryside to elegant townhouses with historical significance, these properties offer a mix of luxury, heritage, and peace. Deep diving into this niche market can be challenging without expert guidance for buyers, sellers, and landlords. This is where specialised estate agents Country and Fine, like Cribs Estates, play a key role in the city by offering their services to landlords and renters alike. Here’s why country and fine are on the top list of people these days.The Appeal of Country and Fine PropertiesThis beautiful countryside borough in the UK offers natural aesthetics and a bond of community spirit that attracts people who seek peaceful living far from an urban, busy lifestyle. Some of the most breathtaking villages, like Malpas in West Cheshire and Maenclochog in Pembrokeshire, offer strong ties with nature. What are the Market Trends Here?As we move to the new year 2025, the UK housing market is set to experience a boost in the rental property business. With a positive push from the government, property is expected to rise to 23% in sales compared to Dec 2023. It is primarily due to the rise in stabilised mortgage rates and the need for people to finalise all their transactions before the stamp duty changes in April. One more point to consider here is that despite all the rise, buyers have become more price-conscious these days, which is why there is no consistency in sale prices. Average Property PricesIf you are considering buying a property in the country and fine, you should know that prices in the UK vary with the region. For landlords who wish to purchase property here through estate agents Country and Fine, the price you can expect is around £308,000; for Wales and Scotland, this price will be approximately £222,000 to £197,000, respectively. For renters, the average rent for a one to two-bedroom flat in London is approximately £2,000 to £3,300 per month. In the South East, the average rent is £1,200–£1,700, and in rural areas, it is on the more affordable side, from £700 to £900. Semi-detached homes in the countryside have seen a price hike of 22% in the last 5 years, reflecting how the market is changing in the rural areas. Cribs Estates offers a smooth letting experience in all these markets and has assisted landlords and renters in getting the best deal.  Let’s Talk About TaxesWhat’s more daunting to UK property buyers than the search itself? You guessed it right, taxes! In the UK, buyers must be aware of the Stamp Duty Land Tax (SDLT), which applies to properties purchased above the allowed threshold. In 2024, the rate of SDLT on residential properties was 2%, which had a price tag between £125,001 and £250,000, and the price increased for high-tag properties. These rates and prices keep changing as per Government plans and are expected to adjust again in April 2025, when the new bill is revealed. What’s It Like To Live In The Countryside area?Relocating to the countryside and starting a new lifestyle feels very peaceful. The pure fresh air, open spaces, strong community, and slow-paced environment are heaven. Some villages, like Kingham, are renowned for their beauty and are familiar places residents want to live in. Being a buyer, the most important factor you should consider is the ease of access to amenities like transportation and daily needs. You may need to research the area, properties, and their management and adjust to the rural living environment if you are used to the fast pace of urban living. It feels like too much, right? Thankfully, there’s a solution.Cribs Estates: Your Partner Estate Agents for Country and FineWith a decade-long experience in the UK property market, Cribs Estates is more than your average estate agent. It offers top-of-line services that help landlords and renters in Country and Fine to get their desired properties at the best rates. Here’s a breakdown of their services:Complete property management services that ensure your premises are well-maintained and compliant with all regulations.Assisting landlords in screening and finalising the best tenants, drafting the agreements, and collecting rent to give landlords peace of mind.Offering the best advice for new landlords so they can come around all the important questions related to property letting. Make sure that the property has the maximum ROI for value and appeal. Cribs Estates has always delivered tailored services to find the exact match for the property for both landlords and renters. The properties selected always match the investment goals of the landlords so they can get the best ROI. The understanding of our team in the UK rental market makes us stand out from the competition and be your trusted partner in the UK. Make Your Investment WorthCountry and Fine is among the best investment opportunities for everyone who loves a mixture of peace and modernisation in one place. Estate agents Country and Fine will ensure the best rate while buying or selling a property. Book your consultancy slot today to start making informed decisions on your property.

Read more

Property search

Residential Lettings
Price
Min price
Max price
Number of Bedrooms
Min bedrooms
Max bedrooms
Find properties
x