ABOUT QUEEN MARY'S GATE

A secure gated development set around private gardens in South Woodford. This luxury development of apartments is in one of Greater London's most sought after suburban locations. The first phase - Johnson House has already sold out so this is a very hot buy!

These apartments are ideal for the discerning investor with supurb finishes inside and out!

Read below for some key features and our due dilligence.

KEY FEATURES, DUE DILLIGENCE & BENEFITS

DUE DILLIGENCE COUNTRY - UNITED KINGDOM

A sophisticated and well regulated market, with 10% of the market being buy-to-let. This is now accessible to Non UK Investors who can qualify for UK Mortgages.


DUE DILLIGENCE RISK - POLITICAL & ECONOMIC

A mature market that is not shocked by the global problems of terrorism, it is an investment in bricks and mortar in the financial capital of the world.


DUE DILLIGENCE DEMAND - FACTORS DRIVING MARKET

A housing shortage of 40 - 50 000 units p.a. driven by an expected immigration into the UK over the next 25 years of 6 million people.

High divorce rates, Eastern Europe EU citizens and contract workers seeking work also pushes the demand.

There are now 600 000 Poles, and more than 1.5 million Southern Africans in the UK. This mops up all the cheaper rentals which means first time home buyers struggle to buy property due to affordability.

The average London salary is GBP47 160. The average house price in Greater London is GBP287 176. First time buyers qualify for a maximum mortgage of GBP188 640 (4 times the annual salary), they need a large deposit.


DUE DILLIGENCE DEVELOPER - TELFORD HOMES

Telford Homes PLC, a listed company, was formed in 2000. This company in a short space of time has developed an enviable reputation.

Telford has completed or is in progress with over 60 developments focusing mainly on Greater London only. Results to 31 March 2006 pre tax profit, was GBP10 million with a turnover of GBP79.3 million from the sale of 762 homes.


DUE DILLIGENCE DEVELOPMENT: QUEENS MARY'S GATE IMPERIAL HEIGHTS, SOUTH WOODFORD E18

1 Bedroom, 1 bathroom
2 Bedrooms, 2 bathrooms
Parking Included, Gated Estate, from GBP250 000 - GBP320 000
Property Gurus finance 75 - 85% of the cost!

This is a prosperous area with loads of personality and an ideal buy-to-let opportunity.

Buyers and renters aspire to the area on their way up the property ladder and it makes sense for families downsizing. It is very popular because of the good local schools and the quick access to the Essex Countryside. It provides country living with easy access to the culture and hum of London.

A gated housing estate of nearly 500 homes with 24 hour concierge service with an underground parking bay for each apartment. Security is enhanced with CCTV cameras.

Use the Central Line tube to get into Central London. Catch a bus into South Woodford town, which stops outside the estate or a 15 minute walk. Stratford is a 12 minute walk, to an International transport hub into Europe and Olympic Games Park (2012), get to Paris in 2 hours using Eurostar, 26 minutes to Canary Wharf, 31 minutes to Kings Cross.

The specifications are up market with oak shade woodstrip laminate flooring, ceramic tiles and carpets in the bedrooms. Kitchens have been designed by the London designer - Urban Myth. The list of extras included in the price are superb. All units, fixtures and fittings carry a unique Telford 2 year warranty and emergency cover is provided for after hours service.


DUE DILLIGENCE - INVESTOR PROTECTION

The development carries NHBC 10 year major structural and investors deposit guarantee and Telford 2 year warranty. UK Solicitors hold investor funds in Trust. Capital valuations and achievable rentals are verified by FSA regulated Birmingham Midshires Halifax plc - RICS Surveyors.


GENERAL DEVELOPMENT DETAILS

Full address of Development
Plot 122, 98 High Road, Queen Mary's Gate,
South Woodford

Postcode London Borough of Redbridge E18
Developer's Name Telford Homes PLC
Developer's Address
First Floor, Stuarts House,
Queensgate, Britannia Road,
Waltham Cross, Herts, EN8 7FT

Total number of units proposed for development? Gated housing estate of nearly 500 units consisting of low rise modern looking apartment blocks and 16 town houses.
How many units are there? 30 apartments with Penthouses on the 4th Floor.
Which phase is this development in? 2nd phase
Has full planning permission been granted? Yes


INVESTMENT APPRAISAL

What is the completion date? September / October 2008.
Market Growth: Halifax House Price Index - HBOS. Growth for Greater London 12.2% for last four quarters. Growth for Borough of Redbridge 12% for last four quarters. Growth for Borough of Redbridge 212% (1996 - 2006).
What is the current achievable rental in the area? RICS survey 1 bed - second floor GBP1 000 pm and 2 bed GBP1 250 - GBP1 400 pm.
Price? Valuation by RICS Surveyor - Birmingham Midshires - confirms full market value / headline price at GBP242 500 for a 1 Bedroom, 1 Bathroom apartment on the 2nd floor.
Why is this a good development? A prosperous area with lots of personality. A place and a neighbourhood where people want to put down roots. Buyers aspire to the area on the way up the property ladder and for families downsizing, it makes sense. For families it is popular because of the good local schools and the quick access to the Essex Countryside.
Only 9 miles from Charing Cross, Queens Mary Gate South Woodford plugs into Central line tube only 4 stops from Stratford, which is poised to become an international transport hub. Until 2004 it was the home of the student residences of Queen Mary University of London.
The campus has been demolished to make way for a new gated housing estate of nearly 500 homes with 24 hour concierge service. Security is excellent.
Are there any other investment companies involved? No.


SPECIFIC UNIT / DEVELOPMENT DETAILS

What insurance does the development have? NHBC.
Principal views North and South over other residential areas and countryside.
Does the development have parking available? Allocated parking space underground for each apartment.
What is the cost of parking? Included in the price, valued at GBP10 000.
How many floors within this development? Imperial Heights Ground Floor and 6 floors.
Does this development have a lift? Yes.
Does the apartment have balconies / terraces? Balconies for each unit.
Is the building - New Build / Refurbishment or Ex-council? New build.
What is the construction of the building? Traditional and concrete build.
What type of roof does the building have? Standard tiled.
Is there commercial property in the development? No.
Is there an affordable housing element within the development? No.
What fittings / white goods are provided within the apartment? Oven, hob, extractor hood, fridge, freezer, dish washer and washer / dryer.
Extra fittings and features? Satellite, TV and telephone outlets, monitored CCTV system, automated gates.
Flooring Oak shade woodstrip laminate in living room and hallway. Ceramic tiling in the kitchen and bathroom. Bedrooms are carpeted.
Will the apartment have Gas Central Heating or Electric Heating? Gas Central Heating.
What is the term of the lease? 125 years.
What will the Ground Rent p.a be? GBP200/225 p.a
What will the Service Charges p.a be? GBP978/1 600 p.a - IH GBP950/1 500p.a + GBP50.


CONTRACT TERMS

Exclusivity Period: End of October 2008.
Discount agreed? 4%.
Are contracts fully assignable? Contracts can be assigned.
Reservation forms to use? Telford Homes
Reservation payments? GBP1 000.

Developer's Solicitors Details -
Coldham, Shield and Mace
Attention of Mr. Richard Ellis.
123-127 Station Road, Chingford
London E4 6AG
Tel 020 8501 7000 Fax 020 8501 7001
DX 37850 Chingford (2)

Purchaser's Solicitors Details -
Huggins & Lewis Foskett
5/6 The Shrubberies
George Lane
South Woodford
London E18 1BG
UK

% deposit on exchange? 15% initial deposit which includes the reservation deposit.


AREA

Location vs City Centre: For those who wish to travel by vehicle, the A406 North Circular Road is nearby and links to the A12 and M11. South Woodford Tube station is an easy 25 minutes ride on the central line, straight to Stratford, Waterloo and Kings Cross.
Transport links: Travel and transport links are second to none, with South Woodford's Central Line tube station being within pleasant walking distance, with direct connections to London Liverpool Street via Stratford, Canary Wharf and Oxford Circus are just 26 minutes away.
Facilities in the area: Marks and Spencer, Waitrose, Epping Forest is minutes away with many schools in close proximity.


Come join the clan, let Property Gurus satisfy your property needs.


DISCLAIMER Property Gurus and its related associates makes no representation and gives no warranty as to the accuracy of the information completed on this form and accepts no liability for any errors, misprints or omission (whether negligent or otherwise). Property Gurus shall not be liable for any loss or damage whatsoever arising as a result of any person acting or refraining from acting in reliance on any information contained therein.