Greengates Loughton see page 2
An historically renowned family residence situated within the sought after ‘Hills’ area of Loughton. This exceptional property offers spacious and flexible accommodation arranged over three floors, and affords far reaching views from its elevated position over Loughton and beyond to Buckhurst Hill. We have been instructed by the current vendor to offer this abode as: • An individual single dwelling with substantial grounds or alternatively • Separated into two lots being: - the main residence with reduced grounds and/or - separate plot with planning permission to construct a new dwelling. For further information please contact Gerard Houlihan, Sales & Marketing Manager, Loughton office 8502 5588.
£POA NEW INSTRUCTION
EXCLUSIVE AGENTS
Greengates Albion Hill inhouse contents
March / April 2009
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Green Gates, Loughton
7
Repton Park
16/17 Loughton Office Properties
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FEATURE HOME:
8/9
Chigwell Office Properties
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Whiskers Solicitors
Green Gates, Loughton
10
Attwater & Liell Solicitors
11
GeoGas
19
FEATURE HOME:
3
James Lawlor Editorial
4/5
Lettings Properties
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FEATURE HOME: Forest Lane, Chigwell
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FEATURE HOME:
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FEATURE HOME: Albion Hill, Loughton
Tallis Hall, Loughton
2
inhouse March/April 2009
12/13 Loughton Office Properties
Haylands, Chigwell Village 20/21 Lettings Elite Properties 22/23 Chatworth Klein 24
Lettings
It was 20 years ago today... Sergeant Pepper used to say! For those of you of a certain age you will know who that it is. For those of you that do not get it, I will swiftly move on. It was, in fact, 20 years ago this month (March) that Lawlors Property Services opened their doors for the first time in Woodford Bridge. It is an amazing twist of fate that our 20th anniversary should also be marked by practically the same news of recession, repossession and job losses. However, to look on the bright side we opened in difficult trading conditions and survived and flourished and even in the down-turn we can see some positive things that can come from these difficult times. The good news is that first time buyers will have the best chance ever of getting on the property ladder. Of course it means that deposits must be raised, but as the banks start lending again and competition increases a balance will be struck between the huge deposits that are required at the moment and the ridiculous non-deposit arrangement that existed before.
10 GOOD REASONS TO BUY A PROPERTY…NOW! By posing this question to all my staff at Lawlors Property Services we bring to you a cross section of views and attitudes from the top agency team in the area. There is good reason to be optimistic about property values in the future, consider these points and decide for yourself…then give us a call.
GERARD HOULIHAN MNAEA SALES & MARKETING MANAGER
1.
If you are fortunate enough to have spare capital in the bank then current interest rates are doing nothing for your investment. The only reasonable alternative way to take advantage is to invest in property, which is a tangible asset which you can see, improve, live in, rent or just invest. Ultimately it does not disappear at the click of a mouse.
GARY ROSENBAUM MNAEA GROUP MANAGER
2.
The actual cost of a mortgage is as cheap as it’s likely to get with base rate likely to go as low as .5% and there is growing evidence that lenders are starting to lend once again. This can only improve over the following months.
In the previous recession of the late 80’s/early 90’s interest rates went through the roof and a number of people were forced to sell. Building societies routinely repossessed properties swiftly as the insurance industry picked up the ‘tab’ and there was simply no incentive for the building societies to hold back. This caused a wave of repossession throughout the Country. In contrast to the present position there is a greater understanding of the nature of debt and there is must more help available to buyers who find themselves in the unfortunate position of being unable to financially cope.
3.
There is also the view that buying now with property prices at the lowest level for years, this will outweigh pension savings funds for a long time to come.
4.
There is now a greater chance to find a property in the area that you specifically want as most vendors are now more realistic about taking a reasonable offer.
Of course not everybody is in a financially difficult position and there are many, many buyers who have bided their time living in rented accommodation or with a strong equity position, and they are ready now to purchase if prices are more competitive.
5.
Also, if you have managed to find a mortgage deal that suits you you have less competition chasing the same property.
6.
There is also a much better choice of property for first-time buyers, so eventually this will ignite the market and start prices rising in soughtafter locations.
With prices at more modest levels and interest rates at historical lows the balance is finally swinging in favour of the first time buyer.
The level of available property is significantly lower than one would expect at this time of the year, as people come to terms with the current market conditions. We find ourselves in the unusual position of having more buyers than sellers, and urgently need fresh stock. We have certainly experienced serious ups and downs over the last 20 years at Lawlors Property Services and firmly believe that the current downturn cannot last. As ever, life goes on. So do not put off that move waiting for a better time, your move is what you make it and the best time is now!
James Lawlor PARTNER F.N.A.E.A
SARAH DONOVAN PA
CARLY MAXWELL NEGOTIATOR
7.
If you buy a home that needs work carried out you are more likely to find cheaper labour and materials now than at any other time.
8.
Also, fewer people are prepared to take on work on properties, so if you have personal building skills that can be used you can maximise the return.
9.
The differential between each level of property is less than ever before as prices have contracted. So what may have been un-affordable before may now just be within reach. Bearing in mind there is likely to be a saving on Stamp Duty if you buy under certain thresholds.
JAMES LAWLOR FNAEA PARTNER
10. Sell now and join in a new trading environment. Be realistic with your property and you will establish the new value very quickly and find a buyer. Take advantage of good mortgage deals and buy effectively up or down, before everybody realises that this is as close to the bottom of the market as you can call. Now is the time to buy.
March/April 2009 inhouse
3
RESIDENTIAL LETTINGS A selection of properties available to let in West Essex and the surrounding areas.
Droveway, Loughton £800 pcm
Smarts Lane, Loughton £1,200 pcm
Lechmere Avenue, Chigwell £1,400 pcm
• AVAILABLE EARLY APRIL • Two Bedrooms • Furnished
• AVAILABLE MID MARCH • Furnished/part furnished • Two bedrooms
• • • •
Prospect Road, Woodford Green £1,250 pcm
Bracken Drive, Chigwell £1,250 pcm
London £1,100 pcm
• • • •
• AVAILABLE MID MARCH • Furnished • Two bedrooms
• AVAILABE 20/01/09 • Two bedroom • Two bathroom • Underground parking
Home Farm Cottages, Chigwell £1,300 pcm
Retreat Way, Chigwell £1,400 pcm
High Road, Woodford Green £1,500 pcm
• AVAILABLE NOW • Unfurnished • Three double Bedrooms
• AVAILABLE NOW • Three Bedrooms, Two Bathrooms • Flexible Furnishing Options
• AVAILABLE NOW • Unfurnished • Three Bedrooms
4
AVAILABLE LATE MARCH 3 bedroom house Close to central line station Unfurnished
inhouse March/April 2009
AVAILABLE NOW Unfurnished Three Bedrooms Detahced
165 High Road, Loughton, Essex, IG10 4LF t: 020 8502 3388 e: lettings@lawlors.co.uk
f: 020 8418 7814 w: lawlors.co.uk
Sunday Viewing: 07736 23 44 22 Landlord & Tenant 24h Emergency:07950 497 054
A selection of properties available to let in West Essex and the surrounding areas.
Richmond Drive, Woodford Green £1,600 pcm
Roding Road, Loughton £2,350 pcm
Hillcrest Road, Loughton £2,500 pcm
• • • •
• • • •
• • • •
AVAILABLE 2/4 WEEKS NOTICE UNFURN / PART FURN 2 BEDROOM 2 BATHROOM Allocated Parking Gated development
AVAILABLE NOW UNFURNISHED FOUR BEDROOM Set behind security gates, close to central line station Excellent Decorative Order, Two Receptions En-Suite Bathroom to Master Bedroom
AVAILABLE BEG MARCH FOUR BEDROOM FURNISHED En-suite to Master Stunning Garden, Excellent Decorative Order Popular Residential Road
Ivy Chimneys, Epping £2,500 pcm
Fiddlers Hamlet, Epping £2,750 pcm
Lippitts Hill, Loughton £2,850 pcm
• • • •
• • • •
• • • •
AVAILABLE NOW FURN/UNFURN FIVE BEDROOMS Short distance of the busy market town of Epping. Flexible living accommodation arranged over four floors Substantial off-street parking
AVAILABLE NOW 4/5 BEDROOM Barn conversation Games room / office space Unfurnished
AVAILABLE AT SHORT NOTICE FURN/UNFURN FOUR BEDS Unique contemporary barn, Two en suites Bespoke finish Flexible living accommodation
Brandesbury Square, Chigwell £2,300 pcm
Warren Hall Mansions, Manor Road, Loughton £3,750 pcm
Warren Heights, Loughton £4,500 pcm
• AVAILABLE NOW • Four Bedrooms • Unfurnished
• • • •
• • • •
AVAILABLE NOW FULLY FURNISHED TWO BEDROOMS Communal Grounds with Heated Swimming Pool Private Garden Viewing Highly Recommended
AVAILABLE NOW Unfurnished or Part Furnished Five Bedrooms, Two En Suites Gated Development
March/April 2009 inhouse
5
Tallis Hall LOUGHTON
An Impressive Five Bedroom Detached family residence, measuring approx 3,500sqft is situated within this prestigious secure gated development of just four luxury homes. Built in 2001 and still covered by NHBC this superb family abode offers total seclusion and privacy for the discerning purchaser. Offered chain free and located within a Forest setting. Call our Loughton office on 8502 5588 for full details.
ÂŁPOA NEW INSTRUCTION, EXCLUSIVE AGENTS
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inhouse March/April 2009
REPTON PARK RESIDENTIAL SALES
116 High Road, Chigwell, Essex, IG7 5BJ t: 020 8281 0123 f: 020 8281 0222 e: property.chigwell@lawlors.co.uk Sunday Viewing: 07736 23 44 22
EXCLUSIVE AGENTS
Brandesbury Square £745,000 • Four Bedroom Townhouse • Cloakroom/WC, kitchen/breakfast room
EXCLUSIVE AGENTS, NEW INSTRUCTION
Brandesbury Square £729,995 • En Suites to two bedrooms • Utility room, cinema room,conservatory
• Four Double Bedroom Townhouse • Kitchen/breakfast room, utility room
EXCLUSIVE AGENTS
Hazel Lane, The Avenue £645,000 • Five Bedroom Detached Townhouse • Kitchen/breakfast room, utility room
• Two en suites plus family bathroom • Cloakroom/WC, no on-going chain
EXCLUSIVE AGENTS, NEW INSTRUCTION
Alexandra House, £550,000 • Master bedroom with en suite • Lounge, study, cloakroom/WC
• Three Bedroom Ground Floor Apartment • Kitchen/diner, 21'6 lounge
• En suite to master bedroom • Allocated parking and private garden
EXCLUSIVE AGENTS
Lombardy Close, The Avenue £424,995
Cadogan House, £384,995
• Three Double Bedroom Mid-Terrace property • Fitted kitchen, two reception rooms • En suite shower room to master bedroom • Cloakroom/WC, landscaped garden
• Two Bedroom First Floor Apartment • Master bedroom with en suite
• Kitchen/breakfast room • Allocated parking
March/April 2009 inhouse
7
RESIDENTIAL SALES www.lawlors.co.uk
A selection of properties currently for sale in Chigwell and surrounding areas.
EXCLUSIVE AGENTS
The Priors, Lambourne End, £POA • Five Bedroom Detached Executive residence • Set in three & a half acres of secluded grounds • Originally built approx 300 years ago • Indoor swimming pool, tennis court, sauna & cinema room
Hainault Road, £1,295,000
EXCLUSIVE AGENTS
• Six Bedroom Detached residence
EXCLUSIVE AGENTS
• Refurbished to a very high standard
The Elms, Abridge, £1,799,995 • Planning permission passed to build a 15,000sq ft home • Set in approx 21/2 acres of land with magnificent views • Full plans available to view at our Chigwell office • This is an artist’s impression
• Approx 175ft rear garden with swimming pool • No on-going chain, possible part exchange
EXCLUSIVE AGENTS
EXCLUSIVE AGENTS
Woolston Manor House, £1,499,995
Barnaby Way, £1m
Hainault Road, £824,995
• Five Bedroom Detached family residence • Overlooking Woolston Manor Golf Course • Arranged over three floors with magnificent views • Set within ¾ of an acre
• Chain Free Five Bedroom Detached residence • Recently totally refurbished, three en-suites • Three reception rooms • Southerly aspect garden
• Chain Free Four Bedroom Detached family residence • Two reception rooms, kitchen, utility room • Cloakroom/WC, master with en-suite • Close proximity to Chigwell Station
8
inhouse March/April 2009
116 High Road, Chigwell, Essex, IG7 5BJ t: 020 8281 0123 f: 020 8281 0222 e: property.chigwell@lawlors.co.uk Sunday Viewing: 07736 23 44 22
Please call 020 8281 0123 for more information on these and many more.
EXCLUSIVE AGENTS
EXCLUSIVE AGENTS
EXCLUSIVE AGENTS
Gainsborough Place, £1,075,000
Chigwell Rise, OIEO £995,000
Vicarage Lane, £995,000
• Five Bedroom Detached property • En suites to two bedrooms and a family bathroom • Cloakroom/WC, four reception rooms • No on-going chain
• Four Bedroom Detached residence • Approx 130ft rear garden • Potential to develop, subject to planning consents • No on-going chain
• Four Double Bedroom Detached residence • En suites to two bedrooms, family bathroom • Lounge, family room, study, fitted kitchen/dining room, • Utility room, farmland views, no on-going chain
EXCLUSIVE AGENTS
EXCLUSIVE AGENTS
EXCLUSIVE AGENTS
Manor Road, POA
Stradbroke Drive, OIEO £595,000
Chigwell Park Drive, £549,995
• Five Bedroom Detached residence • Master bedroom with en-suite bathroom • Kitchen/breakfast room, three reception rooms • Approx 135' rear garden, no on-going chain
• An opportunity to purchase a plot of land • Planning permission passed to erect a detached house • A gross floor area of 3,500 sq.ft • Current design includes six bedrooms over three levels
• Three Bedroom Semi-Detached house • Open plan lounge and dining room, loft space • Planning permission granted • Approximately 75ft rear garden
EXCLUSIVE AGENTS, NEW INSTRUCTION
Ely Place, £499,995
Oak Lodge Avenue, £499,995
Hainault Road, £325,000
• A Four Bedroom Detached property • En suite to master bedroom • Cloakroom/WC, lounge, dining room • Kitchen/breakfast room, no on-going chain
• Four Double Bedroom Semi-Detached house • En suites to two bedrooms, family bathroom • Ground floor shower room, kitchen/breakfast room • Garden housing log-style cabin
• One Bedroom Detached Barn Conversion • Fitted kitchen, lounge, bathroom • Parking for several vehicles, close to Chigwell Station • Planning permission granted to extend to two beds
March/April 2009 inhouse
9
WITH A LITTLE HELP
ANYTHING IS POSSIBLE! In the current property market with the press reporting nothing but doom and gloom buyers can easily become disheartened about ever getting a foot on the property ladder. In more and more cases first time buyers are seeking the assistance of their parents in purchasing their first property. However, parents often raise concerns as to whether their money is protected and whether they will ever get it back.
Similar Declarations of Trust can be used when friends or unmarried couples are buying a property together particularly when they are contributing unequal amounts to the purchase price. Not only can the Declaration of Trust provide for the distribution of the sale proceeds it can also make provision for circumstances where one party may want to sell the property and the other does not.
Whilst many parents are happy for their child to have the cash they are also concerned that if their child has purchased a property jointly with their partner, what happens if they split up? Would the parents cash be protected? Would the parents ever get the money back if they needed it?
When people invest money into buying a property they often find it difficult to think anything would go wrong. The reality is, it often does. Unfortunately buyers can fall out with the co-purchasing friend or disagree about when the property should be sold.
Parents can protect their investment very easily by having a Declaration of Trust drawn up. This is a legal document which sets out the contributions made by the parties to the purchase and their intentions as to how the money should be distributed once the property is sold. This will ensure that the parents get back the money they invested for the purchase.
The good news is that if you have purchased a property without a Declaration of Trust there is no need to worry! Declarations can be drawn up with the agreement of all parties at any time following the purchase.
A simple scenario would be:Jim buys a property for £300,000. His mother lends him £75,000 (25%) as a deposit and Jim obtains a mortgage for the balance of the price.
At Attwater & Liell we are experts in advising clients about Declarations of Trust and can prepare these documents to make sure that all parties interests are protected should the worst happen. If you would like to discuss the possibility of preparing such a document please contact Sheri-Anne Mizon at Attwater & Liell, 147 High Road, Loughton, Essex IG10 4LY on 0208 508 2111 or via e-mail on Sheri-Anne. Mizon@attwaterliell.co.uk.
Jim lives in the property for 3 years and then sells for £330,000. A Declaration of Trust can be prepared that will provide for his mother to receive either her original £75,000 back on completion of the sale or £82,500 being 25% of the sale price (the same proportion that she contributed to the original purchase price). Using the second option means that not only has mother helped Jim onto the property ladder; she has also made a profit from her investment.
For advice on Declarations of Trust, please contact Sheri-Anne Mizon at our Loughton office. LOUGHTON OFFICE 147 High Road, Loughton, Essex IG10 4LY
HARLOW OFFICE Rothwell House, The High, Harlow, Essex CM20 1LQ
tel. 020 8508 2111 fax. 020 8508 8879 email. loughton@attwaterliell.co.uk
tel. 01279 638888 fax. 01279 639970 email. >harlow@attwaterliell.co.uk
RESIDENTIAL SALES www.lawlors.co.uk
A selection of properties currently for sale in Loughton and surrounding areas.
EXCLUSIVE AGENTS
Baldwins Hill, £1.2m • Chain Free Three Bedroom Detached family residence • Within the Conservation Area of Loughton • Three receptions & two bathrooms • Double garage, off-street parking & swimming pool
EXCLUSIVE AGENTS Treetops, Great Woodcote Park, £POA • Four Bedroom Detached home in a gated development
EXCLUSIVE AGENTS
• 'Faccini' landscaped front & rear gardens
Toot Hill, Greensted, Ongar, £1,195,000 • Detached Five Bedroom Barn in grounds of approx one acre • Backing onto open farmland with far reaching views • Stylish open-plan living accommodation • Courtyard with formal gardens to surrounds and borders
• Four receptions & three bathrooms • Two integral garages& off-street parking
EXCLUSIVE AGENTS
EXCLUSIVE AGENTS
NEW INSTRUCTION, EXCLUSIVE AGENTS
Theydon Towers, Epping, £1,150,000
Theydon Towers, Epping, £995,000
Baldwins Hill, £875,000
• The East Wing of this fine residence • Vaulted lounge with glass canopy with deep bay window • Three bedrooms with en-suite overlooking private gardens • Private garden and parking space
• Contemporary Detached residence situated in gated development • Accommodation is arranged over two floors • Open-plan living accommodation • Off-street parking & private driveway
• Five Bedroom Detached executive family residence • Backing Epping Forest and the Conservation Area • Scope for further enlargement • Three receptions, double garage & rear garden approx 145ft
12
inhouse March/April 2009
165 High Road, Loughton, Essex, IG10 4LF t: 020 8502 5588 f: 020 8502 5802 e: property.loughton@lawlors.co.uk Sunday Viewing: 07736 23 44 22
Please call 020 8502 5588 for more information on these and many more.
EXCLUSIVE AGENTS
EXCLUSIVE AGENTS
Treetops, Great Woodcote Park, £875,000
Lower Park Road, £799,999
Queens Road, Buckhurst Hill, £720,000
• Five Bedroom Executive Detached Family Residence • Semi-secluded rear garden - unusual for this development • Five receptions & utility room • Master with en-suite & family bathroom
• Four Bedroom Detached family residence • Three receptions, kitchen/breakfast room & utility room • Two family bathrooms & master with walk-in wardrobe area • Off-street parking & landscaped rear garden
• Immaculate Detached Three Bedroom property situated • En-suite to master & contemporary open-plan living • Cloakroom/WC & utility room • Off- street parking & summer house
EXCLUSIVE AGENTS
EXCLUSIVE AGENTS
EXCLUSIVE AGENTS
Ollards Grove, £699,995
Ollards Grove, £749,995
Broadstrood, £745,000
• Five Bedroom Detached residence • Near Epping Forest to the south of Loughton • Three receptions, cloakroom/WC & family bathroom • Master with en-suite & rear garden approx 75ft
• Imposing Five Bedroom Detached residence • Prestigious residential road in Loughton • Ideally located for the shopping facilities of High Road • Obtained planning permission to alter & extend
• Four/Five Bedroom Detached family residence • Located within the sought after 'Goldings Manor' • Lounge/diner, cloakroom/WC & kitchen/breakfast • Family bathroom, master with en-suite & double garage
NEW INSTRUCTION, EXCLUSIVE AGENTS
EXCLUSIVE AGENTS
Baldwins Hill, £725,000
Barclay Oval, Woodford Green, £625,000
Newnham Close, £600,000
• Five Bedroom Detached Executive residence • Conservation Area in Loughton • The property has recently been extended • Three receptions & two en-suites
• Extended & fully modernised Four Bedroom family residence • Three receptions, cloakroom/WC • Master with en-suite shower room & landscaped rear garden • Immaculate conditions throughout
• Extended Four Bedroom Semi-Detached family residence • Situated within this desirable part of South Loughton • Cloakroom/WC, kitchen & utility room & two receptions • Master with en-suite, family bathroom & off-street parking
March/April 2009 inhouse
13
Forest Lane CHIGWELL
Situated in probably one of the most prestigious locations in Chigwell is this Five Bedroom Detached residence overlooking Chigwell Golf Course. The property benefits from en suites to four bedrooms, an indoor swimming pool complex, leisure area and approximately 140ft rear garden.
For more information, please contact our Chigwell office on
020 8281 0123
14
inhouse March/April 2009
ÂŁ2,999,995 EXCLUSIVE AGENTS
Albion Hill LOUGHTON
ÂŁ675,000 EXCLUSIVE AGENTS NEW INSTRUCTION
For more information, please contact our Loughton office on
020 8502 5588 An opportunity to purchase this very distinctive architect-designed Four Bedroom Detached residence situated within this highly desirable location on the South side of Loughton. It is within easy access of the many fashionable shops, eateries and boutiques of the High Road, plus a short distance to the Central Line Tube Station. This particular abode would suit a potential purchaser who is looking for an alternative style of residence with the main living accommodation on the first floor and bedroom accommodation on the ground floor, taking full advantage of the superb views and stunning location. Accommodation comprises: Kitchen/breakfast room, cloakroom/WC, lounge, dining room, shower room, master bedroom with ensuite bathroom, double garage & off-street parking.
March/April 2009 inhouse
15
RESIDENTIAL SALES www.lawlors.co.uk
A selection of properties currently for sale in Woodford Green and surrounding areas.
EXCLUSIVE AGENT
Forest Side, Epping, £599,995 • Chain-free Three Bedroom Detached character cottage • Situated within this Forest location • Kitchen, dining area, cloakroom/WC & utility area • Master with en-suite, family bathroom & rear garden
Stonards Hill, Epping, £875,000
NEW INSTRUCTION
• Double-fronted Regency-style Four Bedroom Detached residence • Occupying this corner plot with a substantial frontage • Accommodation arranged over three floors • Three bathrooms, heated pool & carriage driveway
EXCLUSIVE AGENT
Canfield Road, Woodford Green, £595,000 • Completely refurbished Five Bedroom Detached property • Off-street parking and garage • Four receptions, utility room & cloakroom/WC • Four bathrooms & kitchen
EXCLUSIVE AGENTS
Stonards Hill, Epping, £525,000
Oakland Place, Buckhurst Hill, OIEO £500,000
Coopersale Street, Epping, £499,995
• Four Bedroom End-of-Terrace family residence • In the Neo-Georgian style • Accommodation is arranged over three floors • Secluded landscaped rear garden
• Chain free Delightful executive family residence • Secluded peaceful private gated cul-de-sac location • Kitchen/diner, cloakroom/WC, two receptions • Master with en-suite, detached garage & off-street parking
• Chain Free Three Bedroom Character residence • Idyllic conservation area • On a plot of approximately a third of an acre • In need of modernisation
16
inhouse March/April 2009
165 High Road, Loughton, Essex, IG10 4LF t: 020 8502 5588 f: 020 8502 5802 e: property.loughton@lawlors.co.uk Sunday Viewing: 07736 23 44 22
Please call 020 8506 0828 for more information on these and many more. TC SS EXCLUSIVE AGENT
EXCLUSIVE AGENT
NEW INSTRUCTION, EXCLUSIVE AGENT
Forest Grove, Epping, £489,995
Chapel-on-the-Green, Woodford Green, £449,999
Regents Place, Great Woodcote Park, £399,995
• Well presented Chain Free Five Bedroom family residence • PLANNING PERMISSION FOR EXTENSION 25ft x 14ft • NHBC Guarantee, rear garden,& double length car port/garage
• Steeped in local history and completely renovated • Stunning luxury Apartment • Original and designer features including: • En-suite bathroom & bespoke kitchen
• Desirable Three Bedroom Semi-Detached residence • Secure & sought-after gated development • Master with en-suite & family bathroom • Off-street parking & single garage en-bloc
NEW INSTRUCTION, EXCLUSIVE AGENT
LEASEHOLD, NEW INSTRUCTION, EXCLUSIVE AGENT
EXCLUSIVE AGENT
Beech Avenue, Buckhurst Hill, £360,000
Honeysuckle Court, Buckhurst Hill, £345,000
Fairfield Court, Woodford Green, £249,999
• Bright & airy, originally three bed, Semi-Detached family home • Two receptions & garage to rear • Fitted kitchen, cloakroom/WC, master bedroom • Possible potential for extension, subject to permissions
• Bright & modern Three Bedroom, Ground Floor Apartment • En-suite to master, open-plan lounge/diner & kitchen • Allocated parking space & communal gardens • Entered via security gates
• Large First Floor Three Bedroom Apartment • Short distance to Woodford Central Line & Broadway • Refurbished, offering ideal investment opportunity • Communal grounds & balcony area
NEW INSTRUCTION, EXCLUSIVE AGENT
LEASEHOLD, NEW INSTRUCTION, EXCLUSIVE AGENT
Tamar Square, Woodford Green, £236,995
Beech Hill Gardens, Waltham Abbey, £387,500
Alderton Hill, £POA
• Three Bedroom Split-Level Maisonette • Secure underground parking • Short distance to Woodford Central Line & Broadway • Refurbished, offering an ideal investment opportunity
• Delightful character property in excellent decorative order • Peaceful residential cul-de-sac backing onto the Forest • Sitting room, dining room & kitchen • Conservatory area one & two & exterior garden
• Exceptional Six Bedroom Detached executive family residence • Secluded position, offers spacious and flexible living • Annex accommodation comprising: • sitting room, kitchen, bedroom with en-suite
March/April 2009 inhouse
17
Lease Extensions and Collective Enfranchisement Whether your flat is a maisonette in a converted property, or one of fifty in a purpose-built block, as a leaseholder you have a number of rights which you can exercise against the freeholder which will increase the value of your property.
If you have owned your flat for at least two years, you generally have the right to demand an extension to your lease of an additional ninety years, and the ground rent reduced to nil. The price is determined by an independent tribunal, and in the current climate, the price to be paid will be lower than in recent years as it is related to the value of the flat. When it comes to selling or remortgaging, frequently the process is interrupted and delayed by the need to extend the term of the lease. Mortgage lenders tend to require at least sixty years remaining, and some require more. It is much better to address the issue now, before it becomes an issue, thereby avoiding the risk of endangering a transaction because of delay.
If you and your fellow leaseholders in your block wish to buy the freehold of the building, the freeholder cannot refuse to sell it as long as at least 50% of the leaseholders wish to exercise this right. Again, the price is determined by an independent tribunal, and the price will have decreased recently in this economic climate. The advantages are numerous: you can stop paying ground rent, you can extend your leases at no further cost, and you can collect ground rent from other leaseholders who did not participate. Perhaps an even bigger benefit, in certain circumstances, is that this will give you the right to control maintenance and insurance matters, ensuring that you and your fellow leaseholders get maximum value from your service charge payments. At Whiskers LLP we have experience in all matters relating to lease extensions and freehold enfranchisement. We have local contact with surveyors experienced in the field who provide essential valuation advice. We can also offer additional advice regarding incorporating and running an enfranchisement company and preparing participation agreements where a large number of leaseholders are acquiring a freehold.
For free, no-obligation initial advice, speak to Jason Winton at our Woodford Green office on 020 8505 4777
For further advice, contact:
JASON WINTON WHISKERS LLP SOLICITORS & NOTARIES 445 High Road, Woodford Green, Essex, IG8 0XE Tel: 020 8505 4777 Email: jason.winton@whiskers.co.uk
18
inhouse March/April 2009
ÂŁPOA EXCLUSIVE AGENTS
Haylands CHIGWELL VILLAGE
Magnificent Detached Executive residence perfectly situated surrounded by formal grounds, which extend to just under approx four acres, in one of Chigwell's most desirable locations. This individually crafted home currently provides five bedrooms but could easily increase to nine internally, subject to building regulations. Viewing is a must to appreciate this property's own lifestyle which includes its own Tennis Court, Indoor Swimming Pool complex plus a Private Lake with walk-ways and a Japanese garden.
For more information, please contact our Chigwell office on
020 8281 0123
March 2009 inhouse
19
LAWLORS • LETTINGS •
FOREST LANE, CHIGWELL £3,800 PCM • AVAILABLE NOW
• UNFURNISHED
• FIVE BEDROOMS
• INDOOR POOL GYM
Five Bedroom Detached residence on Forest Lane, backing Chigwell Golf Course. The property offers well appointed living accommodation as well as an indoor heated swimming pool and gymnasium, we strongly advise an internal inspection at your earliest convenience to avoid missing this opportunity.
For more information please contact Lawlors Lettings on
0208 502 3388
20
inhouse March 2009
165 High Road, Loughton, Essex, IG10 4LF t: 020 8502 3388 f: 020 8502 5802 e: lettings@lawlors.co.uk Sunday Viewing: 07736 23 44 22 Landlord & Tenant 24h Emergency:07950 497 054
STATION ROAD, LOUGHTON ÂŁ2600 PCM
The property benefits from two receptions rooms, fully integrated luxury kitchen / diner, master bedroom with dressing room and en suite bathroom, a further 2 bathrooms, under floor heating to the kitchen and bathrooms, large rear garden, ample off street parking, very close to central line station and Loughton High Road, viewing is highly recommended of this very well presented property.
For more information please contact Lawlors Lettings on
0208 502 3388
March/April 2009 inhouse
21
LAWLORS LETTINGS SERVICES - Let Only through to Full Management - Full portfolio reviews - Guaranteed rents - Fully referenced professional tenants - Remortgaging advice in association with our recommended mortgage brokers, Chatsworth Klein - Professional staff with extensive local knowledge
www.lawlors.co.uk