Inhouse May/June 2008

Lower Park RoadLoughton

see page 25

residential sales lettings new homes international investment

inhouseLAWLORSPROPERTY SERVICES

contents

1 Lower Park Road, Loughton

2/3 FEATURE HOME: Piercing Hill, Theydon Bois

4 Bang & Olufsen

5 James Lawlor Reports...

6 Bowling & Co Solicitors

7 Anna Lawlor Reports...

8/9 Chigwell Office Properties

2 inhouse may 08

10 Repton Park

11 Whiskers Solicitors

12/13 Woodford Office Properties

14/15 Lettings

16 Lettings - We Let You Relax...

17 Attwater & Liell Solicitors

18/19 Loughton Office Properties

20/21 Elite Homes

22 Sharon Gayer Reports...

23 Olympus Tiles / Barclay Oval Cleaning Group

24/25 Elite Homes

26 Haywards Surveyors & Valuers

27 Urban Myth Kitchens

28 Lettings - Are You Our Next Landlord?

may 08 inhouse 3

An exceptional Five Bedroom Detached residence set within amagnificent setting in what is regarded as Theydon Bois mostprestigious 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.

£POAEXCLUSIVE AGENTS NEW INSTRUCTION

Piercing HillTHEYDON BOIS

may 08 inhouse 5

At times like this all the above skills are neededto achieve a successful sale or purchase. This isthe type of market that separates the best fromthe rest and only an agent with great tenacityand experience can guide a sale throughto conclusion.

REAL OBJECTIVE ADVICEWith over 30 years experience in the business Ibelieve I have passed onto my team the necessaryexpertise to negotiate even the most difficultdeals. We encourage our vendors to assess factsand offer real objective advice on how to stillachieve the best price for their property withoutalienating the all important buyer.

VALUE FLUCTUATIONSEvery property owner is looking for assurancesthat the value of their property is not falling.Frankly, in many ways, it doesn’t really matterunless your property is financed to the ‘hilt’.However, the feeling of unrest in the market canbe more damaging than actual value fluctuations.If you sell at a lower price then you aim to buy alsoat a lower price and maintain the differential. Inthe long run we should all benefit because in realterms we are reducing our financial exposure.

WE AT LAWLORS PROPERTY SERVICESARE HERE TO MEET THE CHALLENGE...We believe this could be a time of greatopportunity, even though purchasers may drive ahard bargain. For vendors it is worth consideringreducing your property now, so you may secure apurchaser and enter the purchasing arena in astrong position. We want to negotiate the sale ofyour property and keep this market moving.

The skills required to find common groundbetween buyer and seller and forge a deal indifficult times are rare. We at Lawlors PropertyServices are here to meet the challenge and havethe ability and the will to negotiate until the dealis made.

James LawlorPARTNER F.N.A.E.A

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”

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 fromthe proceeds, so you know exactly how much you can accept.

• Try not to be offended if offers are below your expectations….talk it throughwith us.

• Compare the value/price of your property on house price websites to see ifyour figures are realistic.

• Consider every possible option, even if the offers you receive are not as youfirst 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 aproblem in your ability to purchase.

• Allow us to keep in regular contact with all parties involved i.e. mortgageadvisers, solicitors etc.

• Select a solicitor who is prepared to work with us to progress this transactionswiftly and efficiently.

By following these easy guidelinesyou will make even the most

complicated of transactions easy.

may 08 inhouse 7

For all the recent mud-slinging at residential property,those that invest in it have beaten returns from thestock market for the last decade. Clerical Medical’sAsset Watch, a biannual study which tracks five assetclasses over ten-year periods, said the average profitfrom residential property has been 17.8 per centcompared to stocks and shares at 5.3 per cent.

FEAR AND FORECASTSThere is a famous joke within the media that goes likethis: A journalist holds up two mock front pages forthe editor to choose which one to print. One headlineis “housing prices plummet” and the other says“housing prices soar.” The Editor says, “We’ll go withthe one we didn’t run yesterday.” The point I amdriving at is that we are all interested in property stories– as hit TV shows featuring Kirstie Allsopp, PhilSpencer, and Sarah Beeny testify – and the mediasimply feeds that desire.

So, during these tumultuous times for mortgagelenders and a slowing in the economy, it is unsurprisingthat there has been an almost constant flow of mediareports charting ‘expectations,’ ‘forecasts’ and‘anticipations’ about the direction of house prices. Itcan be easy to forget that these words indicatecommentary about what could happen, not what hashappened.

One example is the “house-price fear” gripping“recession virgins” – a press release widely reported onfrom personal finance website Fool.co.uk. It stated thata quarter of homeowners are “worried aboutexperiencing negative equity as a result of fallingproperty values in 2008,” yet the Council for MortgageLenders’ own data showed that UK housing wealthhas more than trebled in the last ten years.

The official figures show that free equity held byhomeowners equates to 68 per cent of housing wealthand 45 per cent for those on mortgages, by the end of2008. The CML stated: “Some commentators havebeen bearish [negative] in their forecasts for housingprices. Even if house prices fall by 5 per cent this year,there will only be a modest impact on overall levels ofhousing wealth. That ensures that most borrowers areable to cope, no matter how the market develops inthe short term.”

FIRST TIME BUYERSMuch of the focus recently has been on first-time buyers and their inability to takethat first step onto the propertyladder because they can

no longer borrow 100 per cent-plus loans. I am afraidthat this is the rub of it: If you receive 100 per cent loanfrom the bank to buy your property then you do notown any of it, the bank does. When the lenders decidefor various reasons that they no longer want to offer100 per cent or even 125 per cent loans (negativeequity from the get-go) on a property’s value, theneveryone is up in arms for the poor prospective firsttime buyer.

The truth is 100 per cent-plus mortgages only comeinto 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 stillhistorically low – even if it inches above the Bank ofEngland’s target to reach 3 per cent, saving rates arevery good thanks to the ‘credit crunch’ (banks nowneed more money under their management forregulatory reasons) and it is still possible to getmoderately-priced guarantor mortgages or jointmortgages with friends and family members.

All is not lost for the first-time buyer; it is just a matterof realigning expectations.

MORTGAGE AVAILABILITYPart of that realignment of expectations will involvetidying up personal credit reports and tacklingunsecured debt head-on before trying for a mortgagein the present climate. This is no bad thing – it was andis unsustainable to offer 100 per cent mortgages onproperties based on four to five times the individual’sincome, while they still have hefty credit card bills andother debts coming in.

A mortgage is a loan, so best minimise other debtsbefore taking on the largest lump sum debt most of uswill possess that could cost your home if you fallbehind on repayments. For remortgagers, the knighton a white horse is HSBC’s product which extends yourexisting fixed rate mortgage deals, which are likely tobe unbeatable on today’s market, for a competitive£499 fee. While there has undeniably been asignificant decrease in the number of mortgageproducts available - 6,526 last month April down from27,159 in April 2007 – there is still plenty to go around.Even those with imperfect credit andwanting higher loans (under 90 per cent)should be able to secure something

but for any extra risk the lender takes, you will pay forvia the repayment rate offered or the up-front fee.

Mortgaged homeowners would also be wise to doublecheck whether they are eligible for payment holidaysor other flexible features which may give them somewelcomed breathing space.

ECONOMIC OUTLOOKMost house price forecasts (educatedguess/estimations) expect house prices to “flatten” –i.e. not leap but not plummet during this year. Thesame goes for the economy; the clear message fromgovernment and business organizations is aslowdown, not a fall-down.

In fact, the CML data shows house prices at completionin the South East area remained pretty steadythroughout last year and into 2008. There is a risk thattalk of generic house price fluctuations mask the realityfor different geographic areas. Greater London and theSouth East, for example, is relatively affluent and morehighly 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 keepprices buoyant as soon as property prices start to flag atthe lower end of the spectrum. There is also continueddemand for rental properties, giving comfort to thosealready with healthy buy-to-let portfolios andencouragement to prospective buy-to-let investors whowill also prevent a ‘crash’ in the property market bysnapping up competitively-priced deals and taking along-term investment view on their value.

For those that wish to move home quickly, their priceexpectations may need to be adjusted as buyers aim tocapitalize on what has switched back into a ‘buyer’smarket’ for the first time in perhapsa few years. For those buying,negotiation is the buzz word.

The Silver Liningto the Mortgage Cloud

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?

By Anna Lawlor, a financial journalist forFinancial Times Business.

8 inhouse may 08

Linkside £1,100,000

• Imposing Five Bedroom Detached house

• Three reception rooms

• Kitchen/breakfast room

• Study, cloakroom/WC

Barnaby Way £1,250,000 EXCLUSIVE AGENTS

• Five Bedroom Detached residence

• Recently totally refurbished, three en suites


• Unoverlooked from front and rear

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

Chigwell Park £999,995

• Four Bedroom Detached house

• Kitchen/breakfast room, wet room

• Lounge, family room, study

• Approx 60' rear garden

Millwell Crescent £725,000

• Four Double Bedroom Detached property

• En suite to master bedroom

• Kitchen/breakfast room, family room

• Cloakroom/WC, lounge, dining room

Barnaby Way £865,000

• Four Bedroom Detached family home

• Un-interrupted views to both rear and front aspects

• Lounge, dining room, study, cloakroom/WC

• Approx 114ft rear garden

Tomswood Road £895,000

• 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

EXCLUSIVE AGENTS

EXCLUSIVE AGENTS, NEW INSTRUCTIONEXCLUSIVE AGENTS

EXCLUSIVE AGENTS, NEW INSTRUCTION

RESIDENTIAL SALESwww.lawlors.co.uk

may 08 inhouse 9

Please call 020 8281 0123 for more information on these and many more.

116 High Road, Chigwell,Essex, IG7 5BJ

t: 020 8281 0123 f: 020 8281 0222e: [email protected]

Brook Way £665,000

• A Three Bedroom Detached property


• Cloakroom/WC, lounge/dining room

• Conservatory, utility area, no on-going chain

Millwell Crescent £630,000

• Four Bedroom Detached residence

• Dressing room and en suite to master bedroom

• Guest cloakroom

• No on-going chain

Martinsfield Close £625,000

• Five Bedroom Detached Family residence



• Kitchen/utility room

Manor Road £599,995

• Four Bedroom Semi-Detached House


• Family room, lounge, dining room

• En suite's to two bedrooms

Coolgardie Avenue £589,995

• Three Bedroom Semi-Detached house

• Lounge in excess of 26'

• Conservatory/dining room, cloakroom/WC

• Planning permission granted

Grange Crescent £545,000

• Three Bedroom Semi-Detached house

• Kitchen with attached morning/breakfast room

• Two reception rooms plus play room/TV room

• Parking for approx two vehicles

Hycliffe Gardens £549,995

• Five Bedroom Semi-Detached home

• Recently extended



Willow Tree Close, Abridge £465,000

• Three Bedroom Gable Linked Detached property


• Dining room, orangery

• Master bedroom with en suite

Coolgardie Avenue £435,000

• Three Bedroom Semi-Detached Family residence

• Lounge/Diner, fitted kitchen

• Garage and off-street parking

• Close to Station and local amenities

Sunday Viewing: 07736 23 44 22

EXCLUSIVE AGENTSEXCLUSIVE AGENTSEXCLUSIVE AGENTS, NEW INSTRUCTION

EXCLUSIVE AGENTSEXCLUSIVE AGENTS EXCLUSIVE AGENTS, NEW INSTRUCTION

EXCLUSIVE AGENTSEXCLUSIVE AGENTS, NEW INSTRUCTION EXCLUSIVE AGENTS

10 inhouse may 08

116 High Road, Chigwell,Essex, IG7 5BJ



Rosebury Square, £829,995

• Four Bedroom Townhouse


• Two en suite bathrooms, cloakroom/WC

• Conservatory, garage/gym

Brandesbury Square, £750,000

• Four Bedroom Townhouse

• Cloakroom/WC, kitchen/diner

• Utility room, 20'10 lounge

• En suites to two bedrooms

Kensington House, £579,995

• Three Bedroom Ground Floor Apartment

• Kitchen/breakfast room, two en suites

• Two allocated underground parking spaces

• Own patio garden, no on-going chain

Devonshire House, £465,000

• 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

Wentworth House, £470,000

• A Two/Three Bedroom First Floor Apartment

• 52'6 hallway

• Kitchen/breakfast room


Lombardy Close, The Avenue, £462,500

• Three Double Bedroom End of Terrace

• Cloakroom/WC, Lounge, Dining Room

• Master Bedroom with En Suite

• Landscaped Rear Garden

Hazel Lane, The Avenue, £355,000

• Three Bedroom End of Terrace house

• Two Reception Rooms

• Ground Floor Cloakroom

• Approx 90ft rear garden

Cheltenham House, £359,995

• A Two Bedroom Apartment

• Ground floor, fitted kitchen


• Two underground parking spaces

Wentworth House, £309,995

• One Bedroom Ground Floor Apartment

• Kitchen/breakfast room, cloakroom/WC

• En suite bathroom, allocated parking

• No on-going chain

EXCLUSIVE AGENTS, LEASEHOLDEXCLUSIVE AGENTS EXCLUSIVE AGENTS, NEW INSTRUCTION, LEASEHOLD

EXCLUSIVE AGENTSEXCLUSIVE AGENTS, LEASEHOLD EXCLUSIVE AGENTS, LEASEHOLD

EXCLUSIVE AGENTS, LEASEHOLDEXCLUSIVE AGENTS EXCLUSIVE AGENTS, NEW INSTRUCTION

REPTON PARKRESIDENTIAL SALES

may 08 inhouse 11

INTRODUCTIONAt over 1,200 sections and 16 Schedules, the Companies Act 2006 is the singlelargest piece of legislation ever to hit the Statute Book. The Act is intended tobe both a codification and reform of existing legislation, but beware, many oldcommon law provisions will continue to apply and have not been carried into theAct. The Act is being implemented in stages between the 1st April 2007 and1st October 2009.

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

DIRECTORS DUTIESThe Act attempts to codify Directors’ duties and is intended to replace thecurrent combination of Directors’ statutory and common law duties. Howeverconfusingly, regard will still need to be had to common law rules and equitableprinciples 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 theArticles of Association.

• To promote the success of the Company for the benefit of its membersas a whole On the face of it uncontroversial but this duty attracted mostcomment during the passage of the Bill through Parliament. The reason forthis was that in exercising this duty, the Director is to have regard (amongstother things) to the interests of the Company employees, the need to fosterthe Company’s business relationship with suppliers and customers, and theimpact of the Company’s operations on the community and the environment.Concern has been expressed as to how Directors are to show discharge of theduty. Some commentators suggest that agenda papers should map out theway in which these matters have been taken into account, othercommentators suggest nothing more than a Minute to the effect that thematters were considered.

• To exercise independent judgement

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

the general knowledge, skill and experience that may reasonably be expectedof a person carrying out the functions carried out by a Director in relation tothe Company and (b) the general knowledge, skill and experience which he,the Director has. These are cumulative, not alternative standards so the “Iknow nothing, I’m from Barcelona” excuse will not do.

• To avoid conflicts of interest A Director must avoid a situation in which hehas or can have a direct or indirect interest that conflicts or possibly mayconflict with the interests of the Company and this applies in particular to theexploitation of any property, information or opportunity and it is immaterialwhether the Company can take advantage of the property, information oropportunity. However, the Act permits Board authorisation of most conflictsof interest arising from third party dealings. This is a dilution of the previousposition, and there is clearly now an increased risk that Directors willimproperly authorise each others’ personal exploitation of corporate resourcesto the prejudice of shareholders.

• Not to accept benefits from third parties There is no de minimusprovision, the only proviso being that the duty will not apply where theacceptance of the benefit cannot reasonably be regarded as likely to give riseto a conflict of interest.

• To declare interests in proposed transactions or arrangements withthe Company The declaration must be made in writing, but it only has to bemade to the other Directors. There is an obvious risk here that the Directorsmay feel (although incorrectly) that they are immune from criticism whenentering into a contract with the company that may create a conflict ofinterest if that contract has been the subject of a declaration to the Board.

CONCLUSION

“A wasted opportunity”, “no real change”and “symbolic posturing”.

THE COMPANIESACT 2006

What does it mean to YOU as a Director or Shareholder?

JOHN ROBERTSPartner

WHISKERS LLPSOLICITORS & NOTARIES

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

Tel: 01279 439439

Email: [email protected]

For further advice, contact:

12 inhouse may 08

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

Woodland Close £925,000

• 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

Queens Road £P.O.A NEW INSTRUCTION EXCLUSIVE AGENT

• Character period residence

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

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

• Landscaped rear garden, Off Street Parking

Denehurst Gardens £865,000

• Four Bedroom detached family residence

• Kitchen ,Dining Room, Sitting Room, Utility Room

• Master Bedroom with En-suite

• Rear Garden, Garage, Off street Parking

Monkhams Lane £650,000

• Four bedroom semi-detached residence

• Boasts Dining Room, Lounge, Kitchen, Breakfast Room, Cloakroom

• Family Bathroom, Shower Room

• Conservatory

Chapel on the Green £689,950

• Exclusive Two bedroom apartment

• Three bathrooms plus Dressing area

• Open plan lounge/kitchen

• TV video entry system

High Road, Woodford Green £735,000

• 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

EXCLUSIVE AGENT

NEW INSTRUCTION EXCLUSIVE AGENTNEW INSTRUCTION EXCLUSIVE AGENT LEASEHOLD

EXCLUSIVE AGENT


may 08 inhouse 13


457 High Road Woodford Green,Essex, IG8 0XE



Oakland Place £620,000

• Four bedroom family residence

• Secluded peaceful cul-de-sac location

• Master bedroom with en-suite

• Detached Garage, Off street parking, offered CHAIN FREE

Empress Avenue £600,000

• 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

Half Acre, Woodford Road £575,000

• 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

Brancepeth Gardens £599,995

• Three bedroom detached property

• Offers Dining Room, Kitchen, Living room

• Cloakroom WC

• Garage, Off street parking

Chiltern Way £495,000

• A three bedroom semi detached property

• Offers Kitchen, Lounge, dining room, Cloakroom

• The property boasts both front and rear gardens

Dangan Road £489,995

• Three bedroom period property

• Kitchen/Diner, Sitting Room, Dining Room

• Shower Room, Family Bathroom

• Rear Garden 40'0

Claremont Grove £439,995

• Three bedroom semi detached

• Quiet cul-de-sac location.

• Kitchen/ Breakfast Room, Lounge, Dining Room

• Garage, Off street parking for two cars

Percival House £249,995

• Two bedroom ground floor apartment.

• Secure car parking space

• Lounge, Kitchen


Beechcroft Road £210,000

• One bedroom first floor apartment.

• Offers good sized lounge and balcony

• Secured gated parking

• Communal grounds, communal parking, video entry system

EXCLUSIVE AGENT LEASEHOLD NEW INSTRUCTION LEASEHOLD NEW INSTRUCTION

NEW INSTRUCTIONNEW INSTRUCTION EXCLUSIVE AGENT EXCLUSIVE AGENT

NEW INSTRUCTION, SHARE OF FREEHOLDEXCLUSIVE AGENT NEW INSTRUCTION, EXCLUSIVE AGENT

Parkmore Close, Woodford Green £1,100 pcm

• AVAILABLE NOW UNFURNISHED TWO BEDROOMS

• Second floor

• Balcony

• Access to shops

Rookwood Avenue, Loughton £965 pcm

• AVAILABLE NOW THREE BEDROOMS UNFURNISHED

• Lounge/diner

• Easy access to public footpaths and countryside walks

• Close to central line station

A selection of properties available to let in West Essex and the surrounding areas.

NEW INSTRUCTION, EXCLUSIVE AGENTS

Hetton House, Loughton £1,075 pcm

• AVAILABLE NOW TWO BEDROOM UNFURNISHED

• Ground Floor

• Close to all amenities

• Well- presented

EXCLUSIVE AGENTS, NEW INSTRUCTION

Richmond Drive, Woodford Green £1,500 pcm

• AVAILABLE NOW UNFURN/PART FURNISHED TWO BEDS

• Stunning bathroom

• Extremely spacious and highly desirable

• Finished to a very high standard & priced very competitively

Osbourne House, Repton Park £1,325 pcm

• AVAILABLE NOW TWO DOUBLE BEDS UNFURN / PART FURN

• Ground floor apartment

• Own patio area

• Lounge/diner

EXCLUSIVE AGENTS, NEW INSTRUCTIONEXCLUSIVE AGENTS

Kensington House, Woodford Green £1,500 pcm

• AVAIL END OF APRIL TWO DOUBLE BEDS UNFURN

• Two bathrooms - en suite to Master

• Appliance fitted kitchen

• Parking, 24 hour security

EXCLUSIVE AGENTS

Sutherland House, Woodford Green £1,650 pcm

• AVAILABLE NOW TWO BEDROOMS FULLY FURNISHED

• Fully appointed kitchen

• Master bedroom with dressing area

• Magnificent views, two allocated parking spaces

Fallow Fields, Loughton £1,575 pcm

• AVAILABLE NOW UNFURNISHED THREE BEDROOMS

• Great Woodcote Park

• En-suite to Master Bedroom, gated development

• Well maintained garden

Batholemew House, Woodford Green £1,600 pcm


• Security Entryphone System

• Lounge, Kitchen


NEW INSTRUCTIONNEW INSTRUCTION

RESIDENTIALLETTINGS

JUSTREDUCED

JUSTREDUCED

14 inhouse may 08

165 High Road, Loughton,Essex, IG10 4LF

t: 020 8502 3388 f: 020 8418 7814e: [email protected] w: lawlors.co.uk

Sunday Viewing: 07736 23 44 22Landlord & Tenant 24h Emergency:07950 497 054

Laurel Way, London £2,000 pcm

• AVAILABLE NOW UNFURNISHED FOUR DOUBLE BEDS

• Kitchen/diner

• Lounge with gas fire and wooden flooring

• Dining room & close to all amenities

Tavistock House, Woodford Green £1,800 pcm


• First Floor, Two en-suites,

• Kitchen/diner

• One allocated parking space

A selection of properties available to let in West Essex and the surrounding areas.

NEW INSTRUCTION, EXCLUSIVE AGENTS NEW INSTRUCTION, EXCLUSIVE AGENTS

Regents Drive, Woodford Green £2,000 pcm

• AVAILABLE NOW TWO BEDROOM FURNISHED

• First Floor Apartment

• Two allocated parking spaces.

• Viewings are highly recommended

Wallers Hoppet, Loughton £2,600 pcm

• AVAILABLE 2/3 WEEKS NOTICE FOUR BEDS UNFURNISHED

• 4 double bedrooms, family bathroom

• Double length garage

• Ensuite and ground floor and WC

Park Hill, Loughton £2,100 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


Hainault Grove, Chigwell £2,500 pcm

• AVAILABLE NOW FOUR BEDS PLUS STUDY UNFURN

• Lounge/diner, fully fitted kitchen

• Two garages

• Family bathroom/Shower room

EXCLUSIVE AGENTS

The Glade, Woodford Green £2,800 pcm

• AVAILABLE NOW UNFURNISHED SIX BEDROOMS

• Detached house

• En-suite to master Ground floor wc

• Monkhams Estate

Church Lane, Loughton £2,800 pcm

• AVAILABLE NOW UNFURNISHED FOUR BEDROOMS

• Selfcontained annex

• Large detached property in one of Loughton's premiere roads

• Easy walking distance to shops and amenities


Marquis Heights, South Woodford £1,450 pcm

• QUEEN MARY GATE AVAILABLE NOW TWO BEDS

• Two bathroom

• Luxury apartment

EXCLUSIVE AGENTS UNDER REFURBISHMENT

may 08 inhouse 15

16 inhouse may 08

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.

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.

We Let...You Relax!

FOR MOREINFORMATION,

PLEASE CALLLAWLORS LETTINGS

ON

020 8502 3388

may 08 inhouse 17

In the current property market with the pressreporting nothing but doom and gloom buyers caneasily become disheartened about ever getting afoot on the property ladder. In more and more casesfirst time buyers are seeking the assistance of theirparents in purchasing their first property. However,parents often raise concerns as to whether theirmoney is protected and whether they will ever get itback.Whilst many parents are happy for their child to have the cash they are alsoconcerned that if their child has purchased a property jointly with their partner,what happens if they split up? Would the parents cash be protected? Wouldthe parents ever get the money back if they needed it?

Parents can protect their investment very easily by having a Declaration of Trustdrawn up. This is a legal document which sets out the contributions made bythe parties to the purchase and their intentions as to how the money shouldbe distributed once the property is sold. This will ensure that the parents getback 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 thebalance of the price.

• 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 hismother to receive either her original £30,000.00 back oncompletion of the sale or £40,000.00 being 10% of the sale price(the same proportion that she contributed to the originalpurchase price).

Using the second option means that not only has mother helped Jim onto theproperty ladder; she has also made a profit from her investment.

Similar Declarations of Trust can be used when friends or unmarried couplesare buying a property together particularly when they are contributing unequalamounts to the purchase price. Not only can the Declaration of Trust providefor the distribution of the sale proceeds it can also make provision for othercircumstances, for example where one party may want to sell the property andthe other does not.

When people invest money into buying property they often find it difficult tothink that anything would go wrong. The reality is that quite often it does andunfortunately many buyers have lost money after falling out with theirpurchasing friend or partner.

The good news is that if you have purchased a property without a Declarationof Trust there is no need to worry! Declarations can be drawn up with theagreement of all parties at any time following the purchase.

At Attwater & Liell we are experts in advising clients about Declarations ofTrust and can prepare these documents to make sure that all parties interestsare protected should the worst happen.

If you would like to discuss thepossibility of preparing such adocument please contact Sheri-Anne Mizon at Attwater & Liell,147 High Road, Loughton, EssexIG10 4LY on 0208 508 2111 orvia e-mail on [email protected].

With a little help...anything is possible!

For advice on Declarations of Trust, please contactSheri-Anne Mizon at our Loughton office.

LOUGHTON OFFICE147 High Road, Loughton,Essex IG10 4LY

tel. 020 8508 2111fax. 020 8508 8879email. [email protected]

HARLOW OFFICERothwell House, The High, Harlow,Essex CM20 1LQ

tel. 01279 638888fax. 01279 639970email. >[email protected]

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

Park Cottage, High Beech £625,000

• 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

Hazelwood, £765,000 NEW INSTRUCTION, EXCLUSIVE AGENTS

• Four Bedroom Link-Detached family residence

• Outdoor heated swimming pool

• Four receptions, kitchen/breakfast room & utility room

• Master with en-suite, family bathroom & off-street parking

Rowans Way £745,000

• 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

Alderton Hill £1,475,000m

• Detached Five Bedroom family residence

• Accommodation arranged over three floors

• Four bedrooms have en-suite facilities

• Carriage driveway, double garage & landscaped rear garden

Coopersale Lane, Theydon Garnon £657,000

• Four Bedroom character property

• Picturesque semi-rural location

• Boasting a garden in excess of 190ft

• Cloakroom/WC, lounge/diner & master bedroom suite

St Nicholas Place £319,000

• Two Bedroom Mid-Terrace property

• Located within this modern development

• Double glazing, garage & allocated parking

• Cloakroom/WC, lounge/diner & family bathroom

EXCLUSIVE AGENTS

NEW PRICENEW PRICE, EXCLUSIVE AGENTS EXCLUSIVE AGENTS

EXCLUSIVE AGENTS


18 inhouse may 08

NEWPRICE

may 08 inhouse 19


165 High Road, Loughton,Essex, IG10 4LF



The Heights £585,000

• 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

Avenue Gate, Gt Woodcote Park £475,000

• Three Bedroom Semi-Detached property

• Landscaped communal grounds, ponds & porter's lodge

• Two receptions & master with en-suite

• Detached single garage & allocated parking

Ormonde Rise, Buckhurst Hill £639,995

• 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

Albion Hill £730,000

• Four Bedroom character property

• Accommodation ranging over three floors

• Two receptions & master with en-suite

• Bathroom & dressing room

Broadstrood £799,995

• 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

Roebuck Lane, Buckhurst Hill £1.1m

• 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

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

• 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

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

• Buckingham design Five Bedroom detached residence

• L-Shaped landscaped garden with fine views

• Swimming pool with glass retractable closure

• Four receptions & double detached garage

Alderton Hill £1.85m

• Newly-built Six Bedroom, Five Bathroom Detached Executive home

• Accommodation arranged over three floors

• Covered with an NHBC Guarantee

• Double garage & carriage driveway

EXCLUSIVE AGENTSEXCLUSIVE AGENTS

EXCLUSIVE AGENTSEXCLUSIVE AGENTS EXCLUSIVE AGENTS

EXCLUSIVE AGENTSEXCLUSIVE AGENTS, NEW INSTRUCTION

NEWPRICE

LOWER COTTAGE,DAWS HILL

PRICE GUIDE: £1,200,000

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

affords far reaching views of the

surrounding countryside in

addition to a double garage and

parking for numerous vehicles.

MANOR ROAD, CHIGWELL PRICE: £2,450,000 EXCLUSIVE AGENTS

LAWLORSE L I T E H O M E S

For more information, please contactour Woodford Green office on

020 8506 0828

Individually designed Five Bedroom Detached

family residence situated on this substantial plot

on Manor Road.

The downstairs accommodation comprises of

a number of rooms all of which overlook an

outstanding landscaped rear garden extending

over 170ft in length including a swimming pool

and with a landscaped front garden of

approximately 100ft in length, it would be

impossible to list all the main features without

a viewing.

For more information, please contactour Chigwell office on

020 8281 0123

20 inhouse may 08

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.

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

EXCLUSIVE AGENTS NEW INSTRUCTION


020 8281 0123

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 en-

suite facilities, family bathroom, off-street

parking & garaging.

INSTITUTE ROAD,COOPERSALE PRICE GUIDE: £620,000

FREEHOLD EXCLUSIVE AGENTSNEW INSTRUCTION

For more information, please contactour Loughton office on

020 8502 5588

may 08 inhouse 21

22 inhouse may 08

Most sales have an emotional element and inevitably when there are delays andunforeseen problems, tempers fray and stress takes its toll. Sadly, all logic andsanity disappears and it generally takes a lot of patience and empathy to restorethe calm and move the sale along.

Times are changing fast: Six months ago we could loosely predict that a surveywould be instructed within a week of the buyer submitting their mortgageapplication form. Now, not only is there a delay arising from buyers strugglingto find a mortgage on affordable terms, but we are also faced with lendersworking to a far longer turn around period for mortgage applications which,automatically causes concern from the vendor’s point of view. Should a revisedmortgage offer be required there also regularly seems to be a delay in lendersreturning this to the Solicitor.

You may think that with less properties being sold, Solicitors would be underless pressure and might be inclined to return phone calls more promptly. Sadly,this doesn’t seem to be the case with certain Solicitors. I have always advisedvendors and buyers that choosing the right Solicitor is just as important aschoosing the right mortgage. Of course one should shop around to get afavourable quote, but to choose an "old family friend" who is not familiar withthe local area can do more harm than good. It is advisable to choose a Solicitorwho will work quickly and pro-actively on your behalf rather than the "callcentre” type Solicitors where the sale is simply administered by assistants. Our panel of three local Solicitors which feature within this magazine workconstantly with Lawlors and will be happy to supply a competitivefee for conveyancing.

Generally, the present state of the market means that most vendors are anxiousabout keeping their buyers, and live in fear that the buyers will be swayed bythe huge media coverage that we are experiencing and will pull out of apurchase, even after spending good money on Surveyors and Solicitors. Withthis in mind vendors really need to be assured that all parties are workingtowards an early exchange of contracts and that their Solicitors in particular, areworking furiously to achieve this.

On a positive note, despite the enormous amount of scepticism about the HIP, Ican report that most Solicitors and lenders are accepting the personal searchincluded in the HIP pack and this has cut down the number of chaser calls to localauthorities that are needed. In most cases ten working days have been saved.

So, sales progressing has become more time consuming and more importantthan ever as delays in exchanges become more frustratingly frequent. Onmany occasions I can speak or liaise by Email to vendors four or fivetimes a day and a relationship develops over this period. Thereis certainly nothing more satisfying for me than makingthe call to my vendor and purchaser informingthem that they have finally exchanged andthe relief and gratitude in their voicemakes the whole job feelworthwhile.

Trying to progress a property sale to a conclusion that satisfies both the vendor andbuyer has never been an easy task. Once a negotiator has succeeded in getting theparties to agree the sale terms, the file is quickly passed over to me and my job isto ease the passage of the sale and to iron out any problems that might arise alongthe way. These can be as trivial and routine as trying to book a survey on a date thatsuits the vendor, through to involved negotiations which might result from a down-valuationor adverse survey.

Getting thedeal done...

with Sharon GayerSales Progressor

may 08 inhouse 23

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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 an immaculate

traditional exterior with a modern contemporary

interior to suit the needs of the modern family.

MOORLANDSBURY ROAD,SEWARDSTONEBURY PRICE GUIDE: £POA

FREEHOLD EXCLUSIVE AGENTS

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


020 8506 0828

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.

LAWLORSE L I T E H O M E S


020 8281 0123

24 inhouse may 08

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.

THE DELL, WOODFORD GREEN PRICE GUIDE: £950,000

NEW INSTRUCTIONEXCLUSIVE AGENTS

LOWER PARK ROAD,LOUGHTON PRICE: £875,000


020 8506 0828

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, off-

street parking & landscaped rear garden.

For more information, please contactour Loughton office on

020 8502 5588may 08 inhouse 25

may 08 inhouse 27march 08 inhouse 27september 07 inhouse 27

...more than a kitchen

Cabinet Way, London E4 8QF 020 8531 3413 www.urbanmyth.net

ARE YOU OUR NEXTLANDLORD?Due to our outstanding success in finding excellent

tenants we urgently require more properties to let inall areas and price ranges.

For the most professional service in the shortestspace of time call us now on

0208-502-3388

LAWLORS LETTINGS

We Get It – We Let It!

Inhouse May/June 2008

Documents

Transcript of Inhouse May/June 2008