Letting agents ran drugs factory

Two men who ran a lettings agency in south London, Aidan Lynch, 51, and Jason Smart 47, were both  jailed for a total of eight years last Friday at Woolwich Crown Court, an accomplice Patrick McArdle, 37, was jailed for five years and six months for conspiracy to produce cannabis and another seperate charge.

The estate agency Home to Home was being used as a front to a cannabis growing operation,  police estimated that  the factories could have had an annual revenue of more than £2million. The leading detective on the case reportedly called it a “long and complex investigation” ran through a “very sophisticated operation”.

The premises was found to be using electricity with a complex heating, lighting and ventilation system installed,  the electricity meter at the address was being bypassed and was controlled through a fuse box.

Police searched the office of Home to Home estate agents and the accused homes, no tenancy agreement for the Crystal Palace property could be found and a number of documents were seized from the offices, more than £60,000 of cash was found at Lynch’s home address, which he could not account for.

Over the period  of the investigation at least seven properties that had been managed by Lynch at Home to Home estate agents had been used as cannabis factories.

Detective Constable Kirsty Marchi, the investigating officer from Lewisham, reportedly said: “This was a very long and complex investigation.

“I am pleased we have put a stop to their criminal enterprise; the owners of the properties who placed their trust in Lynch had no knowledge that he would use their premises in order to produce drugs.”

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Estate Agent Talk

Good-view homes command 81% premium

The latest research from UK Property Development (UKPD) reveals that new-build homes that boast a good view command an average price premium of 81.4% compared to overall new-build prices, with the premium in London approaching 110%. UKPD has analysed the estimated average asking price of new-build homes in England marketed as offering a ‘good view’,…
Read More
Christmas Decorations - Good or Bad for Selling
Breaking News

Want to Be in Your New Home by Christmas?

Moving house can be a complex and stressful process, with delays at various stages potentially putting completion dates at risk. Government data shows that the average home purchase takes around 120 days to complete, while around one in three property sales fall through, costing sellers an estimated £400 million each year. With Christmas now just…
Read More
what is happening to house prices
Estate Agent Talk

Help Buyers to get Britain Building

Tim Foreman, Managing Director of Land and New Homes, LRG, comments: It is clear that Labour cannot meet its housing ambitions just through planning reform. It is imperative that Andy Burnham uses time at the upcoming Labour Party Conference to back a targeted successor to Help to Buy – one that restores demand without repeating…
Read More
Letting Agent Talk

Landlords say managing rentals has become harder

Three-quarters of portfolio landlords say managing rentals has become harder   The latest research from residential property management specialist, Rushbrook, has found that almost three-quarters of portfolio landlords say managing their rental portfolio has become harder in recent years, with the changing legislative landscape now prompting many to reconsider whether they need professional help with…
Read More
How to help out hoarders
Breaking News

Repossessed homes suffer 30% hit in value

The latest research from House Buyer Bureau reveals that there are almost 1,500 repossessed homes listed for sale on England’s housing market, with the largest numbers located in the South East and North West. House Buyer Bureau analysed England’s housing market to identify how many repossessed properties are currently for sale, where they are located,…
Read More
Estate Agent Talk

Property renovations bringing housing prices down rather than up

Five renovations that might bring your house price down instead of up, according to a property finance expert Expert warns that not all home improvements add value Over-personalisation is one of the biggest risks Renovation mistakes could shave THOUSANDS off final sale price Homeowners can spend tens-of-thousands of pounds on renovating their home, but not…
Read More