Inhouse May/June 2008 by Lawlors Property Services

Lower Park Road Loughton see page 25

inhouse residential sales

lettings

new homes

international

LAWLORS PROPERTY SERVICES 2

inhouse may 08

contents 1

Lower Park Road, Loughton

2/3

FEATURE HOME: Piercing Hill, Theydon Bois

Bang & Olufsen

James Lawlor Reports...

Bowling & Co Solicitors

Anna Lawlor Reports...

8/9

Chigwell Office Properties

investment

Piercing Hill THEYDON BOIS

An exceptional Five Bedroom Detached residence set within a magnificent setting in what is regarded as Theydon Bois most prestigious location. Positioned opposite St Mary's Church the property is ideally located for easy access to Theydon Bois green and village. The architect-designed residence, with feature 'eyebrow' windows, is located upon a substantial plot boasting a frontage of 90ft with rear landscaped gardens extending to approximately 200ft. Accommodation comprises: Lounge, study, dining room, cloakroom/WC, morning room, kitchen, laundry room, conservatory, bedroom two with en-suite, family bathroom & double garage.

EXCLUSIVE AGENTS

ÂŁPOA NEW INSTRUCTION

Repton Park

20/21

Elite Homes

Whiskers Solicitors

Sharon Gayer Reports...

12/13

Woodford Office Properties

Olympus Tiles / Barclay Oval Cleaning Group

14/15

Lettings

24/25

Elite Homes

Lettings - We Let You Relax...

Haywards Surveyors & Valuers

Attwater & Liell Solicitors

Urban Myth Kitchens

18/19

Loughton Office Properties

Lettings - Are You Our Next Landlord? may 08 inhouse

negotiator

[Part of speech; verb]

Definition; bargain; accommodate; adjudicate; adjust; agree; arbitrate, arrange, compose, consent, conciliate, confer, connect, consult, contract, covenant, deal, debate, dicker, discuss, dish out, drop, fork over, handle, horse trade, intercede, make peace, make terms, manage, mediate, moderate, network, parley, referee, settle, step-in, stipulate, swop, transact, treat, umpire, workout”

At times like this all the above skills are needed to achieve a successful sale or purchase. This is the type of market that separates the best from the rest and only an agent with great tenacity and experience can guide a sale through to conclusion.

REAL OBJECTIVE ADVICE With over 30 years experience in the business I believe I have passed onto my team the necessary expertise to negotiate even the most difficult deals. We encourage our vendors to assess facts and offer real objective advice on how to still achieve the best price for their property without alienating the all important buyer.

VALUE FLUCTUATIONS Every property owner is looking for assurances that the value of their property is not falling. Frankly, in many ways, it doesn’t really matter unless your property is financed to the ‘hilt’. However, the feeling of unrest in the market can be more damaging than actual value fluctuations. If you sell at a lower price then you aim to buy also at a lower price and maintain the differential. In the long run we should all benefit because in real terms we are reducing our financial exposure.

WE AT LAWLORS PROPERTY SERVICES ARE HERE TO MEET THE CHALLENGE... We believe this could be a time of great opportunity, even though purchasers may drive a hard bargain. For vendors it is worth considering reducing your property now, so you may secure a purchaser and enter the purchasing arena in a strong position. We want to negotiate the sale of your property and keep this market moving. The skills required to find common ground between buyer and seller and forge a deal in difficult times are rare. We at Lawlors Property Services are here to meet the challenge and have the ability and the will to negotiate until the deal is made.

James Lawlor PARTNER F.N.A.E.A

Ten top tips to make a deal... VENDORS • Be sure that your motives for selling your property are strong enough to see the deal through. • Make a detailed list of all the charges and fees you will need to meet from the proceeds, so you know exactly how much you can accept. • Try not to be offended if offers are below your expectations….talk it through with us. • Compare the value/price of your property on house price websites to see if your figures are realistic. • Consider every possible option, even if the offers you receive are not as you first anticipated.

BUYERS • Before making your offer check your ability to proceed with us first so your bid can be submitted with confidence. • Negotiate a realistic deadline for exchange with the vendor – and stick to it! • Be open regarding any potential issues you may have that might cause a problem in your ability to purchase. • Allow us to keep in regular contact with all parties involved i.e. mortgage advisers, solicitors etc. • Select a solicitor who is prepared to work with us to progress this transaction swiftly and efficiently.

By following these easy guidelines you will make even the most complicated of transactions easy. may 08 inhouse

The doom and gloom-mongers are in their element. Britons can barely move for being bombarded with news of mortgage meltdowns and an impending housing collapse. But are things really as bad as they say, or could any ‘problems’ simply be blown out of proportion?

The Silver Lining to the Mortgage Cloud For all the recent mud-slinging at residential property, those that invest in it have beaten returns from the stock market for the last decade. Clerical Medical’s Asset Watch, a biannual study which tracks five asset classes over ten-year periods, said the average profit from residential property has been 17.8 per cent compared to stocks and shares at 5.3 per cent.

FEAR AND FORECASTS There is a famous joke within the media that goes like this: A journalist holds up two mock front pages for the editor to choose which one to print. One headline is “housing prices plummet” and the other says “housing prices soar.” The Editor says, “We’ll go with the one we didn’t run yesterday.” The point I am driving at is that we are all interested in property stories – as hit TV shows featuring Kirstie Allsopp, Phil Spencer, and Sarah Beeny testify – and the media simply feeds that desire. So, during these tumultuous times for mortgage lenders and a slowing in the economy, it is unsurprising that there has been an almost constant flow of media reports charting ‘expectations,’ ‘forecasts’ and ‘anticipations’ about the direction of house prices. It can be easy to forget that these words indicate commentary about what could happen, not what has happened. One example is the “house-price fear” gripping “recession virgins” – a press release widely reported on from personal finance website Fool.co.uk. It stated that a quarter of homeowners are “worried about experiencing negative equity as a result of falling property values in 2008,” yet the Council for Mortgage Lenders’ own data showed that UK housing wealth has more than trebled in the last ten years. The official figures show that free equity held by homeowners equates to 68 per cent of housing wealth and 45 per cent for those on mortgages, by the end of 2008. The CML stated: “Some commentators have been bearish [negative] in their forecasts for housing prices. Even if house prices fall by 5 per cent this year, there will only be a modest impact on overall levels of housing wealth. That ensures that most borrowers are able to cope, no matter how the market develops in the short term.”

no longer borrow 100 per cent-plus loans. I am afraid that this is the rub of it: If you receive 100 per cent loan from the bank to buy your property then you do not own any of it, the bank does. When the lenders decide for various reasons that they no longer want to offer 100 per cent or even 125 per cent loans (negative equity from the get-go) on a property’s value, then everyone is up in arms for the poor prospective first time buyer. The truth is 100 per cent-plus mortgages only come into favour when lenders get greedy and competitive, as in the early 1990s and again throughout the 2000s. While it may be tough to save a deposit, inflation is still historically low – even if it inches above the Bank of England’s target to reach 3 per cent, saving rates are very good thanks to the ‘credit crunch’ (banks now need more money under their management for regulatory reasons) and it is still possible to get moderately-priced guarantor mortgages or joint mortgages with friends and family members. All is not lost for the first-time buyer; it is just a matter of realigning expectations.

MORTGAGE AVAILABILITY Part of that realignment of expectations will involve tidying up personal credit reports and tackling unsecured debt head-on before trying for a mortgage in the present climate. This is no bad thing – it was and is unsustainable to offer 100 per cent mortgages on properties based on four to five times the individual’s income, while they still have hefty credit card bills and other debts coming in. A mortgage is a loan, so best minimise other debts before taking on the largest lump sum debt most of us will possess that could cost your home if you fall behind on repayments. For remortgagers, the knight on a white horse is HSBC’s product which extends your existing fixed rate mortgage deals, which are likely to be unbeatable on today’s market, for a competitive £499 fee. While there has undeniably been a significant decrease in the number of mortgage products available - 6,526 last month April down from 27,159 in April 2007 – there is still plenty to go around. Even those with imperfect credit and wanting higher loans (under 90 per cent) should be able to secure something

but for any extra risk the lender takes, you will pay for via the repayment rate offered or the up-front fee. Mortgaged homeowners would also be wise to double check whether they are eligible for payment holidays or other flexible features which may give them some welcomed breathing space.

ECONOMIC OUTLOOK Most house price forecasts (educated guess/estimations) expect house prices to “flatten” – i.e. not leap but not plummet during this year. The same goes for the economy; the clear message from government and business organizations is a slowdown, not a fall-down. In fact, the CML data shows house prices at completion in the South East area remained pretty steady throughout last year and into 2008. There is a risk that talk of generic house price fluctuations mask the reality for different geographic areas. Greater London and the South East, for example, is relatively affluent and more highly populated than some of the less protected areas. First-time buyers are also likely to keep their role as the “lifeblood” of the property market, jumping in to keep prices buoyant as soon as property prices start to flag at the lower end of the spectrum. There is also continued demand for rental properties, giving comfort to those already with healthy buy-to-let portfolios and encouragement to prospective buy-to-let investors who will also prevent a ‘crash’ in the property market by snapping up competitively-priced deals and taking a long-term investment view on their value. For those that wish to move home quickly, their price expectations may need to be adjusted as buyers aim to capitalize on what has switched back into a ‘buyer’s market’ for the first time in perhaps a few years. For those buying, negotiation is the buzz word.

FIRST TIME BUYERS Much of the focus recently has been on firsttime buyers and their inability to take that first step onto the property ladder because they can

By Anna Lawlor, a financial journalist for Financial Times Business.

may 08 inhouse

RESIDENTIAL SALES www.lawlors.co.uk

A selection of properties currently for sale in Chigwell and surrounding areas.

EXCLUSIVE AGENTS, NEW INSTRUCTION

Linkside £1,100,000 • • • •

Barnaby Way £1,250,000

Imposing Five Bedroom Detached house Three reception rooms Kitchen/breakfast room Study, cloakroom/WC

EXCLUSIVE AGENTS

• Five Bedroom Detached residence

EXCLUSIVE AGENTS

• Recently totally refurbished, three en suites

Chigwell Park £999,995 • • • •

• Three reception rooms • Unoverlooked from front and rear

EXCLUSIVE AGENTS

Four Bedroom Detached house Kitchen/breakfast room, wet room Lounge, family room, study Approx 60' rear garden

EXCLUSIVE AGENTS, NEW INSTRUCTION

Tomswood Road £895,000

Barnaby Way £865,000

Millwell Crescent £725,000

• • • •

Four Double Bedroom Detached residence Kitchen/breakfast room, utility room Ground floor cloakroom, two reception rooms Master bedroom with en suite, no on-going chain

inhouse may 08

Four Bedroom Detached family home Un-interrupted views to both rear and front aspects Lounge, dining room, study, cloakroom/WC Approx 114ft rear garden

Four Double Bedroom Detached property En suite to master bedroom Kitchen/breakfast room, family room Cloakroom/WC, lounge, dining room

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, NEW INSTRUCTION

EXCLUSIVE AGENTS

Brook Way £665,000

Millwell Crescent £630,000

Martinsfield Close £625,000

• • • •

A Three Bedroom Detached property En suite to master bedroom Cloakroom/WC, lounge/dining room Conservatory, utility area, no on-going chain

EXCLUSIVE AGENTS

Four Bedroom Detached residence Dressing room and en suite to master bedroom Guest cloakroom No on-going chain

Five Bedroom Detached Family residence En suite to master bedroom Three reception rooms Kitchen/utility room

EXCLUSIVE AGENTS, NEW INSTRUCTION

EXCLUSIVE AGENTS

Manor Road £599,995

Coolgardie Avenue £589,995

Grange Crescent £545,000

• • • •

Four Bedroom Semi-Detached House Kitchen/breakfast room, utility room Family room, lounge, dining room En suite's to two bedrooms

EXCLUSIVE AGENTS, NEW INSTRUCTION

Three Bedroom Semi-Detached house Lounge in excess of 26' Conservatory/dining room, cloakroom/WC Planning permission granted

Three Bedroom Semi-Detached house Kitchen with attached morning/breakfast room Two reception rooms plus play room/TV room Parking for approx two vehicles

EXCLUSIVE AGENTS

Hycliffe Gardens £549,995

Willow Tree Close, Abridge £465,000

Coolgardie Avenue £435,000

• • • •

Five Bedroom Semi-Detached home Recently extended Three reception rooms En suite to master bedroom

Three Bedroom Gable Linked Detached property Kitchen/breakfast room, utility room Dining room, orangery Master bedroom with en suite

Three Bedroom Semi-Detached Family residence Lounge/Diner, fitted kitchen Garage and off-street parking Close to Station and local amenities

may 08 inhouse

REPTON PARK RESIDENTIAL SALES

EXCLUSIVE AGENTS

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, NEW INSTRUCTION

EXCLUSIVE AGENTS, LEASEHOLD

Rosebury Square, £829,995

Brandesbury Square, £750,000

Kensington House, £579,995

• • • •

Four Bedroom Townhouse Three reception rooms Two en suite bathrooms, cloakroom/WC Conservatory, garage/gym

EXCLUSIVE AGENTS, LEASEHOLD

Four Bedroom Townhouse Cloakroom/WC, kitchen/diner Utility room, 20'10 lounge En suites to two bedrooms

Three Bedroom Ground Floor Apartment Kitchen/breakfast room, two en suites Two allocated underground parking spaces Own patio garden, no on-going chain

EXCLUSIVE AGENTS, LEASEHOLD

EXCLUSIVE AGENTS

Devonshire House, £465,000

Wentworth House, £470,000

Lombardy Close, The Avenue, £462,500

• • • •

Two Bedroom Ground Floor Apartment En suite facility plus a further bathroom Kitchen, lounge and two allocated parking spaces Beautiful views over the private grounds

EXCLUSIVE AGENTS

A Two/Three Bedroom First Floor Apartment 52'6 hallway Kitchen/breakfast room Master bedroom with en suite

EXCLUSIVE AGENTS, NEW INSTRUCTION, LEASEHOLD

Three Double Bedroom End of Terrace Cloakroom/WC, Lounge, Dining Room Master Bedroom with En Suite Landscaped Rear Garden

EXCLUSIVE AGENTS, LEASEHOLD

Hazel Lane, The Avenue, £355,000

Cheltenham House, £359,995

Wentworth House, £309,995

• • • •

Three Bedroom End of Terrace house Two Reception Rooms Ground Floor Cloakroom Approx 90ft rear garden

inhouse may 08

A Two Bedroom Apartment Ground floor, fitted kitchen Master bedroom with en suite Two underground parking spaces

One Bedroom Ground Floor Apartment Kitchen/breakfast room, cloakroom/WC En suite bathroom, allocated parking No on-going chain

THE COMPANIES ACT 2006 What does it mean to YOU as a Director or Shareholder? INTRODUCTION At over 1,200 sections and 16 Schedules, the Companies Act 2006 is the single largest piece of legislation ever to hit the Statute Book. The Act is intended to be both a codification and reform of existing legislation, but beware, many old common law provisions will continue to apply and have not been carried into the Act. The Act is being implemented in stages between the 1st April 2007 and 1st October 2009.

OBJECTIVES The major objective of the Act, according to the Government, has been to simplify Company Law and to apply a “light touch” to the regulation of small private companies, it being recognised that over 90% of registered companies have five or fewer shareholders. To this end, for example, private companies will no longer need to have a Company Secretary, and will no longer be obliged to hold Annual General Meetings. The Act also seeks, for the first time, to codify Directors’ duties and to provide what the Government refers to as “shareholder engagement”.

DIRECTORS DUTIES The Act attempts to codify Directors’ duties and is intended to replace the current combination of Directors’ statutory and common law duties. However confusingly, regard will still need to be had to common law rules and equitable principles in interpreting and applying the new statutory duties. These duties, which have been in force since the 1st October 2007 are :• To act in accordance with the Company’s Constitution Self evident really, but regard should always be had to the Constitution, that is to say, to the Articles of Association. • To promote the success of the Company for the benefit of its members as a whole On the face of it uncontroversial but this duty attracted most comment during the passage of the Bill through Parliament. The reason for this was that in exercising this duty, the Director is to have regard (amongst other things) to the interests of the Company employees, the need to foster the Company’s business relationship with suppliers and customers, and the impact of the Company’s operations on the community and the environment. Concern has been expressed as to how Directors are to show discharge of the duty. Some commentators suggest that agenda papers should map out the way in which these matters have been taken into account, other commentators suggest nothing more than a Minute to the effect that the matters were considered.

the general knowledge, skill and experience that may reasonably be expected of a person carrying out the functions carried out by a Director in relation to the Company and (b) the general knowledge, skill and experience which he, the Director has. These are cumulative, not alternative standards so the “I know nothing, I’m from Barcelona” excuse will not do. • To avoid conflicts of interest A Director must avoid a situation in which he has or can have a direct or indirect interest that conflicts or possibly may conflict with the interests of the Company and this applies in particular to the exploitation of any property, information or opportunity and it is immaterial whether the Company can take advantage of the property, information or opportunity. However, the Act permits Board authorisation of most conflicts of interest arising from third party dealings. This is a dilution of the previous position, and there is clearly now an increased risk that Directors will improperly authorise each others’ personal exploitation of corporate resources to the prejudice of shareholders. • Not to accept benefits from third parties There is no de minimus provision, the only proviso being that the duty will not apply where the acceptance of the benefit cannot reasonably be regarded as likely to give rise to a conflict of interest. • To declare interests in proposed transactions or arrangements with the Company The declaration must be made in writing, but it only has to be made to the other Directors. There is an obvious risk here that the Directors may feel (although incorrectly) that they are immune from criticism when entering into a contract with the company that may create a conflict of interest if that contract has been the subject of a declaration to the Board.

CONCLUSION

“A wasted opportunity”, “no real change” and “symbolic posturing”. For further advice, contact:

JOHN ROBERTS Partner WHISKERS LLP SOLICITORS & NOTARIES

• To exercise independent judgement

6 Mitre Building, Kitson Way, Harlow, Essex CM20 1DR

• To exercise reasonable care, skill and diligence This means the care, skill and diligence that would be exercised by a reasonably diligent person with (a)

Tel: 01279 439439 Email: john.roberts@whiskers.co.uk

may 08 inhouse

RESIDENTIAL SALES www.lawlors.co.uk

A selection of properties currently for sale in Woodford Green and surrounding areas.

EXCLUSIVE AGENT

Woodland Close £925,000 • • • •

Queens Road £P.O.A

Six bedroom executive family residence Offers Dining Room, Lounge, Kitchen/Breakfast Room Master Bedroom, En-suite, Family Bathroom, Shower Room Rear Garden, Garage, Off street Parking

NEW INSTRUCTION EXCLUSIVE AGENT

• Character period residence

EXCLUSIVE AGENT

• Kitchen, Utility Room, Lounge/Dining Room, Family Room

Denehurst Gardens £865,000

• Master Bedroom with En-Suite and Walk-in Wardrobe

• • • •

• Landscaped rear garden, Off Street Parking

NEW INSTRUCTION EXCLUSIVE AGENT

LEASEHOLD

Four Bedroom detached family residence Kitchen ,Dining Room, Sitting Room, Utility Room Master Bedroom with En-suite Rear Garden, Garage, Off street Parking

NEW INSTRUCTION EXCLUSIVE AGENT

High Road, Woodford Green £735,000

Chapel on the Green £689,950

Monkhams Lane £650,000

• • • •

Four/five bedroom, three storey semi-detached Lounge/Dining Room, Utility Room, Kitchen/Breakfast Room Master Bedroom with En-Suite Shower Room Off Street Parking Study/Garage Conservatory

inhouse may 08

Exclusive Two bedroom apartment Three bathrooms plus Dressing area Open plan lounge/kitchen TV video entry system

Four bedroom semi-detached residence Boasts Dining Room, Lounge, Kitchen, Breakfast Room, Cloakroom Family Bathroom, Shower Room Conservatory

457 High Road Woodford Green, Essex, IG8 0XE t: 020 8506 0828 f: 020 8506 9101 e: property.woodford@lawlors.co.uk Sunday Viewing: 07736 23 44 22

Please call 020 8506 0828 for more information on these and many more.

EXCLUSIVE AGENT

Oakland Place £620,000 • • • •

NEW INSTRUCTION, EXCLUSIVE AGENT

Empress Avenue £600,000

Four bedroom family residence Secluded peaceful cul-de-sac location Master bedroom with en-suite Detached Garage, Off street parking, offered CHAIN FREE

• • • •

Half Acre, Woodford Road £575,000

Six bedroom Semi-detached Edwardian residence Sitting Room, Kitchen, Dining Area, Garden Room Master Bedroom with En-suite shower Room Off street parking Rear garden

NEW INSTRUCTION EXCLUSIVE AGENT

NEW INSTRUCTION, SHARE OF FREEHOLD

• • • •

Spacious 1st floor apartment Offers Kitchen, Lounge/Dining Room. Master Bedroom with En-suite Dressing Room and En-suite Bathroom Communal Grounds, Allocated Parking CHAIN FREE

EXCLUSIVE AGENT

NEW INSTRUCTION

Brancepeth Gardens £599,995

Chiltern Way £495,000

Dangan Road £489,995

• • • •

• A three bedroom semi detached property • Offers Kitchen, Lounge, dining room, Cloakroom • The property boasts both front and rear gardens

• • • •

Three bedroom detached property Offers Dining Room, Kitchen, Living room Cloakroom WC Garage, Off street parking

EXCLUSIVE AGENT

LEASEHOLD NEW INSTRUCTION

Three bedroom period property Kitchen/Diner, Sitting Room, Dining Room Shower Room, Family Bathroom Rear Garden 40'0

LEASEHOLD NEW INSTRUCTION

Claremont Grove £439,995

Percival House £249,995

Beechcroft Road £210,000

• • • •

Three bedroom semi detached Quiet cul-de-sac location. Kitchen/ Breakfast Room, Lounge, Dining Room Garage, Off street parking for two cars

Two bedroom ground floor apartment. Secure car parking space Lounge, Kitchen Master Bedroom with En-Suite Shower Room

One bedroom first floor apartment. Offers good sized lounge and balcony Secured gated parking Communal grounds, communal parking, video entry system

may 08 inhouse

RESIDENTIAL LETTINGS A selection of properties available to let in West Essex and the surrounding areas. ST ED JU UC D RE EXCLUSIVE AGENTS, NEW INSTRUCTION

NEW INSTRUCTION, EXCLUSIVE AGENTS

Rookwood Avenue, Loughton £965 pcm

Hetton House, Loughton £1,075 pcm

Parkmore Close, Woodford Green £1,100 pcm

• • • •

AVAILABLE NOW THREE BEDROOMS UNFURNISHED Lounge/diner Easy access to public footpaths and countryside walks Close to central line station

AVAILABLE NOW TWO BEDROOM UNFURNISHED Ground Floor Close to all amenities Well- presented

AVAILABLE NOW UNFURNISHED TWO BEDROOMS Second floor Balcony Access to shops

ST ED JU UC D RE EXCLUSIVE AGENTS

EXCLUSIVE AGENTS

EXCLUSIVE AGENTS, NEW INSTRUCTION

Osbourne House, Repton Park £1,325 pcm

Kensington House, Woodford Green £1,500 pcm

Richmond Drive, Woodford Green £1,500 pcm

• • • •

AVAILABLE NOW TWO DOUBLE BEDS UNFURN / PART FURN Ground floor apartment Own patio area Lounge/diner

NEW INSTRUCTION

AVAIL END OF APRIL TWO DOUBLE BEDS UNFURN Two bathrooms - en suite to Master Appliance fitted kitchen Parking, 24 hour security

AVAILABLE NOW UNFURN/PART FURNISHED TWO BEDS Stunning bathroom Extremely spacious and highly desirable Finished to a very high standard & priced very competitively

NEW INSTRUCTION

Fallow Fields, Loughton £1,575 pcm

Batholemew House, Woodford Green £1,600 pcm

Sutherland House, Woodford Green £1,650 pcm

• AVAILABLE NOW UNFURNISHED THREE BEDROOMS • Great Woodcote Park • En-suite to Master Bedroom, gated development • Well maintained garden

• • • •

inhouse may 08

AVAILABLE NOW UNFURNISHED TWO BEDROOMS Security Entryphone System Lounge, Kitchen Master Bedroom with En-Suite Shower Room

AVAILABLE NOW TWO BEDROOMS FULLY FURNISHED Fully appointed kitchen Master bedroom with dressing area Magnificent views, two allocated parking spaces

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.

NEW INSTRUCTION, EXCLUSIVE AGENTS

Tavistock House, Woodford Green £1,800 pcm

Regents Drive, Woodford Green £2,000 pcm

Laurel Way, London £2,000 pcm

• • • •

AVAILABLE NOW UNFURNISHED TWO BEDROOMS First Floor, Two en-suites, Kitchen/diner One allocated parking space

NEW INSTRUCTION, EXCLUSIVE AGENTS

AVAILABLE NOW TWO BEDROOM FURNISHED First Floor Apartment Two allocated parking spaces. Viewings are highly recommended

AVAILABLE NOW UNFURNISHED FOUR DOUBLE BEDS Kitchen/diner Lounge with gas fire and wooden flooring Dining room & close to all amenities

EXCLUSIVE AGENTS

Park Hill, Loughton £2,100 pcm

Hainault Grove, Chigwell £2,500 pcm

Wallers Hoppet, Loughton £2,600 pcm

• • • •

AVAILABLE 1/6/08 FOUR BEDROOMS UNFURNISHED Master bedroom with En-Suite Open plan Lounge/Dining Room, Cul De Sac Location Garage and Off Street Parking

UNDER REFURBISHMENT

AVAILABLE NOW FOUR BEDS PLUS STUDY UNFURN Lounge/diner, fully fitted kitchen Two garages Family bathroom/Shower room

EXCLUSIVE AGENTS

AVAILABLE 2/3 WEEKS NOTICE FOUR BEDS UNFURNISHED 4 double bedrooms, family bathroom Double length garage Ensuite and ground floor and WC

NEW INSTRUCTION, EXCLUSIVE AGENTS

Church Lane, Loughton £2,800 pcm

Marquis Heights, South Woodford £1,450 pcm

The Glade, Woodford Green £2,800 pcm

• • • •

• QUEEN MARY GATE AVAILABLE NOW TWO BEDS • Two bathroom • Luxury apartment

• • • •

AVAILABLE NOW UNFURNISHED FOUR BEDROOMS Selfcontained annex Large detached property in one of Loughton's premiere roads Easy walking distance to shops and amenities

AVAILABLE NOW UNFURNISHED SIX BEDROOMS Detached house En-suite to master Ground floor wc Monkhams Estate

may 08 inhouse

We Let... You Relax! Despite the adverse news reports on the property market being flooded and with the doom and gloom surrounding the ‘credit crunch’, the residential lettings market in the West Essex region remains as strong as ever. We are experiencing high numbers of calls from people wanting to rent throughout the Loughton, Chigwell and Woodford Green areas due to the area’s strong transport links with tube, rail and motorways. Commuters make up a large percentage of our tenant database on the smaller one and two bedroom properties and there’s a very strong ‘family’ marketplace for the three to five bedroom houses that become available. Whilst the market is still very much price-driven, prices have steadily risen over the past year. The question is are you getting the best possible return from investment. Let Lawlors give you an up-to-date market appraisal of your home/portfolio. A large majority of the properties coming onto the lettings market with us are attracting a great deal of interest within the first seven to 10 days and this often results in a very quick let indicating just how competitive the market is.

FOR MORE INFORMATION, PLEASE CALL LAWLORS LETTINGS ON

020 8502 3388

inhouse may 08

Any potential landlord should of course seek professional advice and by working alongside an approved local Letting Agent you are accessing their expertise and specialised systems. We are approved members of NAEA and NALS and we place a great deal of emphasis on ‘the basics’ of customer service i.e. marketing the property according to the landlord’s preferences to ensure we find the right tenant and ensuring comprehensive referencing of all tenants is undertaken. Marketing is our strong point and we believe we have the best possible marketing coverage. We advertise in Property Mart, Right Move and Find a Property and our exclusive magazine, In House. We can provide a full range of services from the basic tenant find up to fully inclusive management, inventories, regular Inspections and free registration with the Deposit Scheme. Just let us know what you need and we’ll happily talk it through with you.

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. 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? 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.

A simple scenario would be: • Jim buys a property for £300,000.00. His mother lends to him £30,000.00 (10%) as a deposit and Jim obtains a mortgage for the balance of the 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. 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 other circumstances, for example where one party may want to sell the property and the other does not. When people invest money into buying property they often find it difficult to think that anything would go wrong. The reality is that quite often it does and unfortunately many buyers have lost money after falling out with their purchasing friend or partner. 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. 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 SheriAnne 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 £400,000.00. • A Declaration of Trust can be prepared that will provide for his mother to receive either her original £30,000.00 back on completion of the sale or £40,000.00 being 10% of the sale price (the same proportion that she contributed to the original purchase price).

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

may 08 inhouse

RESIDENTIAL SALES www.lawlors.co.uk

A selection of properties currently for sale in Loughton and surrounding areas. EW E N IC PR EXCLUSIVE AGENTS

Park Cottage, High Beech £625,000 • • • •

Hazelwood, £765,000

Three Bedroom Semi-Detached residence Semi-rural picturesque location with electric security gate Far reaching views over the Epping Forest countryside Two receptions, master with en-suite & family bathroom

NEW INSTRUCTION, EXCLUSIVE AGENTS

• Four Bedroom Link-Detached family residence

EXCLUSIVE AGENTS

• Outdoor heated swimming pool

Rowans Way £745,000 • • • •

• Four receptions, kitchen/breakfast room & utility room • Master with en-suite, family bathroom & off-street parking

NEW PRICE, EXCLUSIVE AGENTS

Four Bedroom Detached family residence Scope for further enlargement, subject to planning Three receptions, cloakroom/WC & utility area, conservatory Master with en-suite & approx 90ft garden

EXCLUSIVE AGENTS

NEW PRICE

St Nicholas Place £319,000

Coopersale Lane, Theydon Garnon £657,000

Alderton Hill £1,475,000m

• • • •

Two Bedroom Mid-Terrace property Located within this modern development Double glazing, garage & allocated parking Cloakroom/WC, lounge/diner & family bathroom

inhouse may 08

Four Bedroom character property Picturesque semi-rural location Boasting a garden in excess of 190ft Cloakroom/WC, lounge/diner & master bedroom suite

Detached Five Bedroom family residence Accommodation arranged over three floors Four bedrooms have en-suite facilities Carriage driveway, double garage & landscaped rear garden

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, NEW INSTRUCTION

EXCLUSIVE AGENTS

The Heights £585,000

Avenue Gate, Gt Woodcote Park £475,000

Ormonde Rise, Buckhurst Hill £639,995

• • • •

High-quality Five Bedroom End-of-Terrace residence Ideally positioned with access to the Forest Two receptions & balcony with stunning views over Master with en-suite & single garage

Three Bedroom Semi-Detached property Landscaped communal grounds, ponds & porter's lodge Two receptions & master with en-suite Detached single garage & allocated parking

EXCLUSIVE AGENTS

Delightful property located with-in this prestigious location Further enhancements - subject to planning permission Lounge, dining room, cloakroom/WC, kitchen Three bedrooms & rear garden of approx 100ft

EXCLUSIVE AGENTS

Albion Hill £730,000

Broadstrood £799,995

Roebuck Lane, Buckhurst Hill £1.1m

• • • •

Four Bedroom character property Accommodation ranging over three floors Two receptions & master with en-suite Bathroom & dressing room

Four/Five Bedroom Detached family residence Located within the sought after 'Goldings Manor' Lounge/diner, kitchen/breakfast, utility room/storage Master with en-suite & double garage

Well presented Five Bedroom Detached family residence Four receptions, kitchen/breakfast room & utility room Two bedrooms with en-suite facilities, additional bathroom Block-paved driveway & single garage

EW E N IC PR

EXCLUSIVE AGENTS

Mott Street, High Beach/Loughton £1,105,000

Richmond Park, Gt Woodcote Park £1,475,000

Alderton Hill £1.85m

• • • •

Substantial Four Bedroom Detached property Approx 60ft x 60ft frontage Open plan lounge/dining room, family room & conservatory Master with en-suite, attached garage & sweeping driveway

Buckingham design Five Bedroom detached residence L-Shaped landscaped garden with fine views Swimming pool with glass retractable closure Four receptions & double detached garage

Newly-built Six Bedroom, Five Bathroom Detached Executive home Accommodation arranged over three floors Covered with an NHBC Guarantee Double garage & carriage driveway

may 08 inhouse

LAWLORS ELITE HOMES

MANOR ROAD, CHIGWELL PRICE: ÂŁ2,450,000

EXCLUSIVE AGENTS

Individually designed Five Bedroom Detached

outstanding landscaped rear garden extending

family residence situated on this substantial plot

over 170ft in length including a swimming pool

on Manor Road.

and

with

landscaped

front

garden

The downstairs accommodation comprises of

approximately 100ft in length, it would be

a number of rooms all of which overlook an

impossible to list all the main features without a viewing.

For more information, please contact our Chigwell office on

020 8281 0123 LOWER COTTAGE, DAWS HILL PRICE GUIDE: ÂŁ1,200,000 EXCLUSIVE AGENTS NEW INSTRUCTION An exceptional family residence situated within this most desirable semi rural location. The property which has been meticulously maintained by the current vendors currently boasts

spacious

living

accommodation

including superb master bedroom suite, three further double bedrooms, luxurious family bathroom, three delightful reception rooms, fitted kitchen, utility room and cloakroom and has the added benefit of the vendors having obtained planning permission to further enlarge the property.

Externally

the

landscaped elevated rear garden

For more information, please contact our Woodford Green office on

affords far reaching views of the

020 8506 0828

addition to a double garage and

inhouse may 08

surrounding

countryside

parking for numerous vehicles.

INSTITUTE ROAD, COOPERSALE PRICE GUIDE: £620,000 FREEHOLD EXCLUSIVE AGENTS NEW INSTRUCTION Five

Double

Bedroom

Semi-Detached

residence located in this pretty semi-rural location of Coopersale Village.

Newly

refurbished and extended to a high specification the property is offered chain free. Cloakroom/WC, dining room, lounge, study,

kitchen/breakfast,

utility

room,

master bedroom & bedroom two with ensuite facilities, family bathroom, off-street parking & garaging.

For more information, please contact our Loughton office on

020 8502 5588

CHESTER ROAD, CHIGWELL PRICE: £1,495,000 EXCLUSIVE AGENTS

NEW INSTRUCTION

Six Bedroom Detached double fronted family

home

which

has

recently

undergone an extensive refurbishment programme to the highest standards. The property is arranged over three floors and benefits from two en suites, three reception rooms, cloakroom/WC and a 60ft rear garden approx.

For more information, please contact our Chigwell office on

020 8281 0123 may 08 inhouse

Getting the deal done... with Sharon Gayer Sales Progressor

Trying to progress a property sale to a conclusion that satisfies both the vendor and buyer has never been an easy task. Once a negotiator has succeeded in getting the parties to agree the sale terms, the file is quickly passed over to me and my job is to ease the passage of the sale and to iron out any problems that might arise along the way. These can be as trivial and routine as trying to book a survey on a date that suits the vendor, through to involved negotiations which might result from a down-valuation or adverse survey. Most sales have an emotional element and inevitably when there are delays and unforeseen problems, tempers fray and stress takes its toll. Sadly, all logic and sanity disappears and it generally takes a lot of patience and empathy to restore the calm and move the sale along. Times are changing fast: Six months ago we could loosely predict that a survey would be instructed within a week of the buyer submitting their mortgage application form. Now, not only is there a delay arising from buyers struggling to find a mortgage on affordable terms, but we are also faced with lenders working to a far longer turn around period for mortgage applications which, automatically causes concern from the vendorâ&#x20AC;&#x2122;s point of view. Should a revised mortgage offer be required there also regularly seems to be a delay in lenders returning this to the Solicitor. You may think that with less properties being sold, Solicitors would be under less pressure and might be inclined to return phone calls more promptly. Sadly, this doesnâ&#x20AC;&#x2122;t seem to be the case with certain Solicitors. I have always advised vendors and buyers that choosing the right Solicitor is just as important as choosing the right mortgage. Of course one should shop around to get a favourable quote, but to choose an "old family friend" who is not familiar with the local area can do more harm than good. It is advisable to choose a Solicitor who will work quickly and pro-actively on your behalf rather than the "call centreâ&#x20AC;? type Solicitors where the sale is simply administered by assistants. Our panel of three local Solicitors which feature within this magazine work constantly with Lawlors and will be happy to supply a competitive fee for conveyancing.

inhouse may 08

Generally, the present state of the market means that most vendors are anxious about keeping their buyers, and live in fear that the buyers will be swayed by the huge media coverage that we are experiencing and will pull out of a purchase, even after spending good money on Surveyors and Solicitors. With this in mind vendors really need to be assured that all parties are working towards an early exchange of contracts and that their Solicitors in particular, are working furiously to achieve this. On a positive note, despite the enormous amount of scepticism about the HIP, I can report that most Solicitors and lenders are accepting the personal search included in the HIP pack and this has cut down the number of chaser calls to local authorities that are needed. In most cases ten working days have been saved. So, sales progressing has become more time consuming and more important than ever as delays in exchanges become more frustratingly frequent. On many occasions I can speak or liaise by Email to vendors four or five times a day and a relationship develops over this period. There is certainly nothing more satisfying for me than making the call to my vendor and purchaser informing them that they have finally exchanged and the relief and gratitude in their voice makes the whole job feel worthwhile.

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may 08 inhouse

LAWLORS ELITE HOMES

MOORLANDS BURY ROAD, SEWARDSTONEBURY PRICE GUIDE: £POA FREEHOLD

EXCLUSIVE AGENTS

An exceptional family residence situated within what is popularly regarded as the area's premier road and backing onto the 10th Green of West Essex Golf Course. The property has been the subject of a major refurbishment programme to the exacting standards of the current vendors. The

property

combines

immaculate

traditional exterior with a modern contemporary interior to suit the needs of the modern family.

For more information, please contact our Woodford Green office on

020 8506 0828

NEW FOREST LANE, CHIGWELL PRICE GUIDE: £1,395,000

Five

Bedroom

Detached

family

home

occupying a substantial corner plot on New Forest Lane. The property benefits from two well

appointed

reception

rooms

plus

kitchen/morning room extending to over 33’ with a utility room attached, master bedroom with en suite and approx 100’ rear garden.

For more information, please contact our Chigwell office on

020 8281 0123

inhouse may 08

THE DELL, WOODFORD GREEN PRICE GUIDE: £950,000 NEW INSTRUCTION EXCLUSIVE AGENTS We are pleased to offer this spacious Five bedroom executive residence situated within this prestigious turning in Woodford Green. The property is ideally located for local schools. Internal inspection recommended to appreciate level of accommodation on offer.

For more information, please contact our Woodford Green office on

020 8506 0828

LOWER PARK ROAD, LOUGHTON PRICE: £875,000 An exceptional Four Bedroom Detached family residence which has been the subject of a major refurbishment programme and finished to the exacting standards of the current vendor. Accommodation comprises: Drawing room, dining room, cloakroom/WC, kitchen/breakfast room, family room, utility room,

two

family

bathrooms,

master

bedroom with walk-in wardrobe area, offstreet parking & landscaped rear garden.

For more information, please contact our Loughton office on

020 8502 5588 may 08 inhouse

...more than a kitchen

Cabinet Way, London E4 8QF 020 8531 3413 www.urbanmyth.net september march may 08 07 inhouse inhouse

2727

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