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WHATMAN HOUSEWallwood Street, London, E14
Lifestyle Exclusive
The SpecS…
DEVELOPMENT Whatman house
ADDRESS Wallwood Street, London, e14
START DATE July 2010
EXPECTED COMPLETION July 2012
ACCOMODATION 3 bed / 2 bath x 4
2 bed / 2 bath x 10
1 bed / 1 bath x 7
TOTAL = 21 UNITS
PRICE £235,950 - £399,950
FLOOR AREA 490 ft² - 858 ft²
DEVELOPER Bellway homes
TENURE Leasehold
TERM 999 years
The AreA & DeveLOpmeNT…
WHATMAN HOUSE is located just off Burdett road in the popular borough of
Tower hamlets e14 and benefits from a naturally appealing surrounding area
featuring many parks and most notably the Limehouse cut which can be accessed
easily for a leisurely stroll down to the picturesque Limehouse Basin. The proposed
layout has been developed to optimise natural daylight and southern sunlight
penetration to the dwellings which is desirable from both a rental point of view but
also in terms of resale.
WHATMAN HOUSE has been designed with efficiency in mind and Individual
apartments are laid out to maximise usable space and internal flexibility. All units have
direct and level access to a private amenity space (Terrace/Balcony) large enough to
accommodate comfortably a table and chairs for all the occupants within the given
dwelling. Balconies have a minimum floor area of 5.0m2 (1 bed 2 person 2.5 m2) and
are supplemented by a secure communal terrace located on the roof of the 4-storey
building.
WHATMAN HOUSE has many eco-credentials and throughout the construction
process these will be adopted to minimalise the impact on the environment such
as the recycling of construction waste to reduce landfill. Biodiversity Green roofs
are also proposed to further aid the buildings performance in not only providing
visual amenity, and usable space for tenants but also collection of rain water and the
reduction of heat loss in winter.
WHATMAN HOUSE will also enhance the local area by providing landscaped
gardens and parks to enhance the desirability of the site
The TrANSpOrT…
WESTFERRy DLR STATION – CANARy IN 3 MINUTES
BANk – 8 MINUTE DLR FROM WESTFERRy LINkINg TO LONDON UNDERgROUND
residents at Whatman house will certainly be well connected – with Westferry DLr
station being only 600 meters away; it’s an easy walk on a sunny day or indeed
a short bus ride away from on one of the dedicated Westferry DLr Link, London
Transport Buses that stop on Burdett road on a regular basis. Once on the DLr
and leaving from Westferry, canary Wharf is a short 3 minute ride away whilst Bank
is around an 8 minute journey. From Bank in Zone 1 of the London Underground the
rest of the city opens up…
The LOcATION
Whatman house is extremely well located with excellent connections to rail
and links to the city of London, canary Wharf and is set next to Olympic park,
the heart of the 2012 Olympics zone. The development is just a few hundred
metres to Westferry DLr which takes you into Bank Underground in 8 minutes,
and 3 minutes to canary Wharf.
The Tower hamlets borough of London is among the capital’s leading growth
areas for real estate, and regeneration of the whole area for the 2012 Olympics
offers an excellent opportunity to enter this profitable market.
600 metres to Westferry DLr station
3 minutes to canary Wharf
8 minutes to Bank tube station
600
M.
3 MIN
S
WHATMAN HOUSE
WESTFERRy
CANARy WHARF
BANk STATION & CITy 8 MINS
The DeveLOperS…
THE BELLWAy gROUP has provided more than 100,000 homes since it was
formed in 1946 and is one of the largest house builders in the country with operations
spanning the length and breadth of the United Kingdom. Bellway plc is the 4th largest
house builder in the UK and is listed on the London Stock exchange (LSe:BWY) and
is a FTSe 250 listed company.
ALLIED INVESTMENT SOLUTIONS is a hong Kong based company that was
established 8 years ago to cater for the demand locally for qualit investment
properties. Over the years our main area of expertise has been in offering clients
a 360° turn key solution for investing in London and hong Kong property through
strategic partnerships.
ALLIED INVESTMENT SOLUTIONS offers clients a hassle free service to
its clients and take care of all aspects of purchase. From the moment you
make your decision, we are there by your side to ensure that the process
is made as simple as possible for you. As such we handle the appointment of
solicitors, assist with mortgaging, furnishing the property and also let and manage
your property. Our goal is your satisfaction as we aim to build a portfolio with you.
The ApArTmeNTS – GrOUND FLOOr…
UNIT 1
UNIT 2 UNIT 3
The ApArTmeNTS – FIrST FLOOr…
UNIT 9
UNIT 10 UNIT 11
UNIT 12
The ApArTmeNTS – SecOND FLOOr…
UNIT 16
UNIT 17 UNIT 18 UNIT 19
The ApArTmeNTS – ThIrD FLOOr…
UNIT 26
UNIT 27 UNIT 28 UNIT 29
The ApArTmeNTS – FOUrTh FLOOr…
UNIT 33
UNIT 34 UNIT 35
The ApArTmeNTS – FIFTh FLOOr…
UNIT 36
UNIT 37 UNIT 38
The ApArTmeNTS – ASpecTS…
VIEW FROM BURDETT ROAD WITH BUTLER HOUSE OMITTED…
PROPOSED SOUTHERN ELEVATION BALCONy PROPOSED VIEW LOOkINg FROM WALLWOOD STREET…
The AvAILABILITY & prIcING…
Flat no.
1
2
3
9
10
11
12
16
17
18
19
26
27
28
29
33
34
35
36
37
38
Balcony/Terrace
Terrace
Terrace
Terrace
Terrace
Terrace
Balcony
Terrace
Terrace
Terrace
Balcony
Terrace
Terrace
Terrace
Balcony
Terrace
Terrace
Terrace
Balcony
Terrace
Terrace
Balcony
Sale price
£310,950
£310,950
£380,950
£317,500
£317,500
£230,950
£385,950
£323,500
£323,500
£235,000
£389,950
£329,950
£329,950
£239,000
£395,950
£329,950
£265,950
£255,950
£336,500
£271,500
£260,950
Area (ft²)*
695
695
858
695
695
490
858
695
695
490
858
695
695
490
858
680
531
510
680
531
510
Description
2 bed / 2 bath
2 bed / 2 bath
3 bed / 2 bath
2 bed / 2 bath
2 bed / 2 bath
1 bed / 1 bath
3 bed / 2 bath
2 bed / 2 bath
2 bed / 2 bath
1 bed / 1 bath
3 bed / 2 bath
2 bed / 2 bath
2 bed / 2 bath
1 bed / 1 bath
3 bed / 2 bath
2 bed / 2 bath
1 bed / 1 bath
1 bed / 1 bath
2 bed / 2 bath
1 bed / 1 bath
1 bed / 1 bath
Level
Ground
Ground
Ground
First
First
First
First
Second
Second
Second
Second
Third
Third
Third
Third
Fourth
Fourth
Fourth
Fifth
Fifth
Fifth
Status
For Sale
For Sale
For Sale
For Sale
SOLD
For Sale
For Sale
For Sale
For Sale
For Sale
For Sale
For Sale
For Sale
SOLD
For Sale
For Sale
For Sale
For Sale
For Sale
SOLD
For Sale
The reNTAL & mANAGemeNT…
Through a strategic partnership with King Sturge we rely on their experience and brand to attract professional tenants from
financial institutions and corporate relocation agents. King Sturge’s efficient marketing and administration teams ensure that
your rental returns are maximised, and void periods kept to an absolute minimum.
FULL PROPERTy MANAgEMENT SERVICE
From our experience we find that professional and corporate tenants prefer to let properties that are fully managed, and are
becoming more demanding of the service they require.
managing a property is a specialised and time-consuming business, especially when problems arise, which is why we rely on
King Sturge who have teams in place to remove this burden from you. Their property managers have extensive knowledge of
property related issues and are there to protect your investment.
Fully managed includes, in addition to our let only service, the following:
• rent collection and the issuing of monthly statements
• property inspections
• payment of routine outgoings
• 24 hour repair service
• Dealing with repair and maintenance issues
• Approved tenancy deposit administration
• Dilapidation assessments
• Tax certificates for overseas landlords
• Service of default notices
The FUrNIShINGS…
Upon completion of the development we aim to make the units as
desirable as possible from a rental point of view. As such we offer a complete
furnishing solution on every apartment to ensure that your unit is finished and
furnished to the highest possible standard to attain the highest possible rental.
We have teamed up with arguably one of the best interior design teams
in London to bring a style and character to every unit in the development
which reflects the design desirability of those in the market looking for a
quality property rental. As such, Luke Doonan of conscious Image will
handle the specification of furnishings to ensure the desired design brief of a sleek,
modern yet comfortable apartment which is not only aesthetically pleasing to look at
but a comfortable living area for which to live is met.
All properties will be fully loaded and typically will appeal to someone looking to
move in with just a suitcase. Through past experience, many of our rentals within
this area are corporate type tenancies living within the home counties and looking
for a pied á Terre closer to the office. For this reason we ensure that the property
has everything the tenant will need from 100% cotton bedd ing right through cutlery
and plates.
The LONDON mArKeT…
After the recent downward trend in the market that started in 2008, the
outlook for the coming years is certainly more positive in terms of growth.
One of the driving forces for this is the fact that long term demand will
continually outstrip current supply. currently the UK Government has said that it
needs to build as many as 290,500 new homes each year until 2031 to cope with
burgeoning demand. In 2009 however, only 80,000 new homes were built which
has fuelled demand. (source : Guardian)
The two graphs above are sourced from the UK Land registry which is the most up to
date an accurate registry system in the UK and give the trend and breakdown of average
house prices over the 2 years . The graph on the left shows the drop off in prices within
Tower hamlets that started back in may 2008 and also the rebound that
followed in April 2009 that we see continuing today. coincidently, The Times printed
an article in February 2009 that noted Tower hamlets would be one of the top 10 UK
postcodes to rebound the quickest based on market activity and certainly we have
seen that come true today.
The preSS…
RENTS PUSHED UP By LACk OF SUPPLy - THE LETTINgS MARkET SAW A SHARP UPTURN DURINg THE FIRST
qUARTER AS A SHORTAgE OF HOMES PUSHED RENTS HIgHER, SAyS THE ROyAL INSTITUTION OF CHARTERED
SURVEyORS - 26 MAy 2010
rIcS says 30% more of its members reported a rise rather than a fall in rents during the three months to April, up from a net
balance of zero for the previous three months and compared to an all-time low of 58% in April last year.
Some 12% more surveyors reported a fall rather than a rise in the number of new landlord instructions in Q1. A spokesman
for rIcS says that with sellers returning to the housing market, lettings supply has fallen back. he says: “This is good news for
landlords as rents are set to move higher in the coming months and yield returns are likely to improve. “The news that buy -to-let
specialists are beginning to lend again may also encourage investors to return to the market.”
Surveyors are now predicting that rents will continue to rise with the rental expectations net balance climbing to 36% - the highest
figure since 1998.
HOUSE PRICES RISE 9.7 PERCENT IN MARCH – 13 MAy 2010
(reuters) - house prices rose a seasonally-adjusted 0.7 percent on the month in march, leaving them 9.7 percent higher on the
year, data from the Department for communities and Local Government showed on Thursday. The average price of a home stood
at 205,598 pounds in march, it said.
AVERAgE HOUSE PRICE HITS MARk LAST SEEN IN 2007 - 12 APRIL 2010
house prices in england and Wales have risen for 11 months in a row, taking the average price back to a level last seen in August
2007. The latest house price index from Acadametrics, based on Land registry data, shows the average house price in march
stood at £227,788
HOUSE PRICES ARE SET TO SOAR – 3 MAy 2010
hOUSe prices are to soar by at least 20 per cent to crown a hat-trick of good news for homeowners, property experts
predicted last night. rock-bottom interest rates, cheap mortgages and a shortage of supply are set to fuel a “significant” new
property boom. Lenders are predicted to cut average interest rates from four to three per cent.
even Bank of england governor mervyn King has suggested that the base rate, currently 0.5 per cent, will stay at record low levels
for up to four years – longer than expected.
The centre for economic and Business research predicted a typical three-bedroom semi would rocket from the predicted 2010
yearend price of £172,500 to £203,200 by the end of 2013 if the surge - from the beginning of this year - materialises.
chief executive Douglas mcWilliams said: “house prices will be notably higher in three years than they are today.” The report, the
most optimistic this year, shows that the rate of house price growth will moderate in 2010.
Yet prices will still be 5.3 per cent higher at the end of the year, at an average of £172,500. During 2011, house price growth
could slow to 3.4 per cent in the wake of public-sector cutbacks, and the resulting job losses. But after that dip analysts say the
shortage of new-build housing will drive growth of nine per cent in 2012 and a further four per cent in 2013.
The forecast come on the back of last week’s Land registry figures showing a £12,000 rise in house prices in the past year, and
Nationwide data showing the first double-digit rise in three years, with prices up 10.5 per cent in the year ending in April.
The preSS…
The pUrchASING prOceSS…
Allied International Limited offers a hands free approach to owning investment property, as such we aim to keep a ‘hands on’
approach through the process helping with the legal side of matters, financing, furnishing and right through to rentals &
management. We will walk with you every step of the way as we want to see your investment reach the maximum potential it
can both in terms of lettings and resale.
Upon completion of the reservation form and solicitors appointment documents, we will instruct the solicitors who will act on
your behalf in preparing the report on title and also the exchange documents. Typically on exchange clients will be required
to pay 10% deposit and also agree on a schedule for a further 10% which is typically paid in two payments of 5% leading up
to completion.
Leading up to completion we will actively assist in obtaining mortgage financing should you require our assistance and also
past that ensure that the completion process is completed without problem.
post completion we will ensure that furnishing and rentals happen as quickly as possible to ensure that rental income is forth-
coming.
CONTACT
Lifestyle Brokers Ltd.
Suite 1501 - 1503
Nan Fung Tower 173
Des voeux road, central, hong Kong
central hKSAr - T: 852 3315 7616 | f:852 3115 7630 | [email protected]
Disclaimer
These particulars are for illustration only and do not form part of an offer or contract. They are preliminary and should be treated as guidance only and cannot be relied upon as accurately describing any of the Specified matters prescribed by the Order made under the property misrepresentations Act 1991. external elevations and interior room layouts may change. The layouts are for guidance only and are not intended to be used for measurement of appliance sizes or for deciding upon the suitability for location of furniture within the apartments. There may be alternations made during the design stage and construction of the development and all dimensions are approximate and are subject to alteration at any time. Any intending purchaser must satisfy themselves by inspection or otherwise as to the correctness of each statement. Warning: property values are rental yields can fall as well as rise .
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