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IMPORTANT NOTICE NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON OR ADDRESS IN THE U.S. IMPORTANT: You must read the following before continuing. The following applies to the offering circular following this page, and you are therefore advised to read this carefully before reading, accessing or making any other use of the offering circular. In accessing the offering circular, you agree to be bound by the following terms and conditions, including any modifications to them any time you receive any information from us as a result of such access. NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY THE SECURITIES OF THE ISSUER IN THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE U.S. OR OTHER JURISDICTION AND THE SECURITIES MAY NOT BE OFFERED OR SOLD WITHIN THE U.S. OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT), EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE OR LOCAL SECURITIES LAWS. THE FOLLOWING OFFERING CIRCULAR MAY NOT BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER, AND IN PARTICULAR, MAY NOT BE FORWARDED TO ANY U.S. PERSON OR TO ANY U.S. ADDRESS. ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THIS DOCUMENT IN WHOLE OR IN PART IS UNAUTHORISED. FAILURE TO COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE SECURITIES ACT OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS. This offering circular has been delivered to you on the basis that you are a person into whose possession this offering circular may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located. By accessing the offering circular, you shall be deemed to have confirmed and represented to us that (a) you have understood and agree to the terms set out herein, (b) you consent to delivery of the offering circular by electronic transmission, (c) you are not a U.S. person (within the meaning of Regulation S under the Securities Act) or acting for the account or benefit of a U.S. person and the electronic mail address that you have given to us and to which this e-mail has been delivered is not located in the United States, its territories and possessions (including Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands) or the District of Columbia and (d) if you are a person in the United Kingdom, then you are a person who (i) has professional experience in matters relating to investments or (ii) is a high net worth entity falling within Article 49(2)(a) to (d) of the Financial Services and Markets Act (Financial Promotion) Order 2005.
This offering circular has been sent to you in an electronic form. You are reminded that documents transmitted via this medium may be altered or changed during the process of electronic transmission and consequently none of London & Quadrant Housing Trust, Barclays Bank PLC, Lloyds TSB Bank plc or The Royal Bank of Scotland plc, nor any person who controls any of them nor any director, officer, employee nor agent of any of them or affiliate of any such person accepts any liability or responsibility whatsoever in respect of any difference between the offering circular distributed to you in electronic format and the hard copy version available to you on request from Barclays Bank PLC, Lloyds TSB Bank plc or The Royal Bank of Scotland plc.
LONDON & QUADRANT HOUSING TRUST (incorporated in England with limited liability under the Industrial and Provident Societies Act 1965 with registration number 30441R and
registered with the Regulator under the Housing and Regeneration Act 2008 as amended by the Localism Act 2011 with number L4517)
£250,000,000 4.625 per cent. Secured Bonds due 2033
Issue price: 99.047 per cent.
The £250,000,000 4.625 per cent. Secured Bonds due 2033 (the Bonds) are issued by London & Quadrant Housing Trust (the Issuer).
Application has been made to the Financial Services Authority in its capacity as competent authority under the Financial Services and Markets Act 2000 (FSMA) (the UK Listing Authority) for the Bonds to be admitted to the Official List of the UK Listing Authority and to the London Stock Exchange plc (the London Stock Exchange) for the Bonds to be admitted to trading on the London Stock Exchange's regulated market. The London Stock Exchange's regulated market is a regulated market for the purposes of Directive 2004/39/EC (the Markets in Financial Instruments Directive).
Interest on the Bonds is payable semi-annually in arrear on 5th June and 5th December in each year at the rate of 4.625 per cent. per annum, commencing on 5th June, 2012, as described in Condition 7 (Interest).
The Issuer may, at its option, redeem all (or some only) of the Bonds at any time at the higher of their principal amount and an amount calculated by reference to the sum of (i) the yield on the relevant outstanding United Kingdom government benchmark conventional gilt having the nearest maturity date to that of the Bonds and (ii) 0.50 per cent., together with accrued interest. The Issuer may also, at its option, redeem all, but not some only, of the Bonds at any time at their principal amount plus accrued interest, in the event of certain tax changes as described in Condition 9.2 (Redemption for Taxation Reasons). Unless previously redeemed the Bonds will be redeemed in full on 5th December 2033 (the Maturity Date).
The Bonds are expected to be assigned on issue a rating of "Aa2" by Moody's Investors Service, Inc. (Moody's) and "AA-" by Standard & Poor's Credit Market Services Europe Limited (S&P). A rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time by the assigning rating agency. As of the date of this Offering Circular, Moody's is not established in the European Union and has not applied for registration under Regulation (EC) No. 1060/2009 (as amended) (the CRA Regulation). However, the application for registration under the CRA Regulation of Moody's Investors Service Limited, which is established in the European Union and is registered under the CRA Regulation (and, as such is included in the list of credit rating agencies published by the European Securities and Markets Authority (ESMA) on its website in accordance with the CRA Regulation), disclosed the intention to endorse the global sale credit ratings assigned by its non-EU entities, including Moody's. While notification of the corresponding endorsement decision has not yet been provided by the relevant competent authority, ESMA has indicated that a transitional period ending on 30th April, 2012 shall apply with respect to ratings intended to be endorsed. As of the date of this Offering Circular, S&P is established in the European Union and is registered under the CRA Regulation. As such S&P is included in the list of credit rating agencies published by the European Securities and Markets Authority on its website in accordance with the CRA Regulation.
The Bonds will be issued in denominations of £100,000 and integral multiples of £1,000 in excess thereof.
The Bonds will initially be represented by a temporary global bond (the Temporary Global Bond), without interest coupons, which will be deposited on or about 5th April, 2012 (the Closing Date) with a common safekeeper for Euroclear Bank S.A./N.V. (Euroclear) and Clearstream Banking, société anonyme (Clearstream, Luxembourg). Interests in the Temporary Global Bond will be exchangeable for interests in a permanent global bond (the Permanent Global Bond and, together with the Temporary Global Bond, the Global Bonds), without interest coupons, on or after 15th May, 2012 (the Exchange Date), upon certification as to non-U.S. beneficial ownership. Interests in the Permanent Global Bond will be exchangeable for definitive Bonds only in certain limited circumstances - see "Form of the Bonds and Summary of Provisions relating to the Bonds while in Global Form".
An investment in the Bonds involves certain risks. Prospective investors should have regard to the factors described under the heading "Risk Factors" on page 11.
Joint Lead Arrangers and Joint Bookrunners Barclays Lloyds Bank
The Royal Bank of Scotland
The date of this Offering Circular is 3rd April, 2012
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This Offering Circular comprises a prospectus for the purposes of section 85(2) of the Financial Markets and Services Act 2000.
The Issuer accepts responsibility for the information contained in this Offering Circular. To the best of the knowledge of the Issuer (having taken all reasonable care to ensure that such is the case) the information contained in this Offering Circular is in accordance with the facts and does not omit anything likely to affect the import of such information.
DTZ Debenham Tie Leung Limited (the Valuer) accepts responsibility for the information contained in the section "Valuation Report" and to the best of its knowledge (having taken all reasonable care to ensure that such is the case) such information is in accordance with the facts and does not omit anything likely to affect the import of such information.
BDO LLP accepts responsibility for its report which is contained in Part A of the section headed "Consolidated Financial Information on the Group" and, to the best of its knowledge (having taken all reasonable care to ensure that such is the case), its report is in accordance with the facts and does not omit anything likely to affect the import thereof.
The only persons authorised to use this Offering Circular in connection with the offering of the Bonds are Barclays Bank PLC, Lloyds TSB Bank plc and The Royal Bank of Scotland plc (together, the Joint Bookrunners).
Neither the Joint Bookrunners nor Prudential Trustee Company Limited (the Trustee) have independently verified the information contained herein. Accordingly, no representation, warranty or undertaking, express or implied, is made and no responsibility or liability is accepted by the Joint Bookrunners or the Trustee as to the accuracy or completeness of the information contained in this Offering Circular or any other information provided by the Issuer in connection with the offering of the Bonds. Neither the Joint Bookrunners nor the Trustee accepts any liability in relation to the information contained in this Offering Circular or any other information provided by the Issuer in connection with the offering of the Bonds or their distribution.
No person is or has been authorised by the Issuer or the Trustee to give any information or to make any representation not contained in or not consistent with this Offering Circular or any other information supplied in connection with the offering of the Bonds and, if given or made, such information or representation must not be relied upon as having been authorised by the Issuer, the Joint Bookrunners or the Trustee.
To the fullest extent permitted by law, the Joint Bookrunners do not accept any responsibility for the contents of this Offering Circular or for any other statement made or purported to be made by them or on their behalf in connection with the Issuer or the issue and offering of the Bonds. The Joint Bookrunners each accordingly disclaims all and any liability whether arising in tort or contract or otherwise which it might otherwise have in respect of this Offering Circular or any such statement.
Neither this Offering Circular nor any other information supplied in connection with the offering of the Bonds (a) is intended to provide the basis of any credit or other evaluation or (b) should be considered as a recommendation by the Issuer, the Joint Bookrunners or the Trustee that any recipient of this Offering Circular or any other information supplied in connection with the offering of the Bonds should purchase any Bonds. Each investor contemplating purchasing any Bonds should make its own independent investigation of the financial condition and affairs, and its own appraisal of the creditworthiness, of the Issuer. Neither this Offering Circular nor any other information supplied in connection with the offering of the Bonds constitutes an offer or invitation by or on behalf of the Issuer, the Joint Bookrunners or the Trustee to any person to subscribe for or to purchase any Bonds.
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Neither the delivery of this Offering Circular nor the offering, sale or delivery of the Bonds shall in any circumstances imply that the information contained herein concerning the Issuer is correct at any time subsequent to the date hereof or that any other information supplied in connection with the offering of the Bonds is correct as of any time subsequent to the date indicated in the document containing the same. The Joint Bookrunners and the Trustee expressly do not undertake to review the financial condition or affairs of the Issuer during the life of the Bonds or to advise any investor in the Bonds of any information coming to their attention. The Bonds have not been and will not be registered under the United States Securities Act of 1933, as amended, (the Securities Act) and are subject to U.S. tax law requirements. Subject to certain exceptions, the Bonds may not be offered, sold or delivered within the United States or to, or for the account or benefit of, U.S. persons. For a further description of certain restrictions on the offering and sale of the Bonds and on distribution of this document, see "Subscription and Sale" below.
This Offering Circular does not constitute an offer to sell or the solicitation of an offer to buy the Bonds in any jurisdiction to any person to whom it is unlawful to make the offer or solicitation in such jurisdiction. The distribution of this Offering Circular and the offer or sale of Bonds may be restricted by law in certain jurisdictions. The Issuer, the Joint Bookrunners and the Trustee do not represent that this Offering Circular may be lawfully distributed, or that the Bonds may be lawfully offered, in compliance with any applicable registration or other requirements in any such jurisdiction, or pursuant to an exemption available thereunder, or assume any responsibility for facilitating any such distribution or offering. In particular, no action has been taken by the Issuer, the Joint Bookrunners or the Trustee which is intended to permit a public offering of the Bonds or the distribution of this Offering Circular in any jurisdiction where action for that purpose is required. Accordingly, no Bonds may be offered or sold, directly or indirectly, and neither this Offering Circular nor any advertisement or other offering material may be distributed or published in any jurisdiction, except under circumstances that will result in compliance with any applicable laws and regulations. Persons into whose possession this Offering Circular or any Bonds may come must inform themselves about, and observe, any such restrictions on the distribution of this Offering Circular and the offering and sale of Bonds. In particular, there are restrictions on the distribution of this Offering Circular and the offer or sale of Bonds in the United States and the United Kingdom (see "Subscription and Sale").
IN CONNECTION WITH THE ISSUE OF THE BONDS, THE ROYAL BANK OF SCOTLAND PLC AS STABILISING MANAGER (THE STABILISING MANAGER) (OR PERSONS ACTING ON BEHALF OF THE STABILISING MANAGER) MAY OVER-ALLOT BONDS OR EFFECT TRANSACTIONS WITH A VIEW TO SUPPORTING THE MARKET PRICE OF THE BONDS AT A LEVEL HIGHER THAN THAT WHICH MIGHT OTHERWISE PREVAIL. HOWEVER, THERE IS NO ASSURANCE THAT THE STABILISING MANAGER (OR PERSONS ACTING ON BEHALF OF THE STABILISING MANAGER) WILL UNDERTAKE STABILISATION ACTION. ANY STABILISATION ACTION MAY BEGIN ON OR AFTER THE DATE ON WHICH ADEQUATE PUBLIC DISCLOSURE OF THE TERMS OF THE OFFER OF THE BONDS IS MADE AND, IF BEGUN, MAY BE ENDED AT ANY TIME, BUT IT MUST END NO LATER THAN THE EARLIER OF 30 DAYS AFTER THE ISSUE DATE OF THE BONDS AND 60 DAYS AFTER THE DATE OF THE ALLOTMENT OF THE BONDS. ANY STABILISATION ACTION OR OVER-ALLOTMENT MUST BE CONDUCTED BY THE STABILISING MANAGER (OR PERSONS ACTING ON BEHALF OF THE STABILISING MANAGER) IN ACCORDANCE WITH ALL APPLICABLE LAWS AND RULES.
All references in this document to Sterling and £ refer to the currency of the United Kingdom.
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CONTENTS
Clause Page
Overview ............................................................................................................................................................5 Risk Factors ......................................................................................................................................................11 Terms and Conditions of the Bonds .................................................................................................................22 Form of the Bonds and Summary of Provisions relating to the Bonds while in Global Form.........................43 Use of Proceeds ................................................................................................................................................46 Description of London & Quadrant Housing Trust..........................................................................................47 Documents Incorporated by Reference ............................................................................................................54 Consolidated Financial Information on the Group ...........................................................................................55 Part A: Accountant's Report on the Group ..........................................................................................56 Part B: Consolidated Financial Information on the Group..................................................................59 Valuation Report ............................................................................................................................................100 United Kingdom Taxation..............................................................................................................................192 Subscription and Sale .....................................................................................................................................195 General Information .......................................................................................................................................197
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OVERVIEW
The following overview does not purport to be complete and is taken from, and is qualified in its entirety by, the remainder of this Offering Circular.
This overview must be read as an introduction to this Offering Circular and any decision to invest in the Bonds should be based on a consideration of this Offering Circular as a whole.
Words and expressions defined in "Terms and Conditions of the Bonds" and "Form of the Bonds and Summary of Provisions relating to the Bonds while in Global Form" shall have the same meanings in this overview.
Issuer: London & Quadrant Housing Trust (the Issuer).
The Issuer is a Registered Provider of Social Housing and a not-for-profit organisation whose activities are regulated by the Regulator (as defined below).
The Issuer's primary business object is the provision of social housing, providing and managing housing and matters connected with, or incidental to, the provision of housing, in each case for poor people or for the relief of aged, disabled or chronically sick people and any other charitable object that can be carried out from time to time by an Industrial and Provident Society registered as a provider of social housing with the Regulator (as defined below).
Description of the Bonds: £250,000,000 4.625 per cent. Secured Bonds due 2033 (the Bonds) to be issued by the Issuer on 5th April, 2012 (the Issue Date).
Use of Proceeds: The net proceeds of the issue of the Bonds (after deduction of expenses payable by the Issuer) shall be applied in furtherance of the Issuer's objects as permitted by the Issuer's Rules.
Issue Price: 99.047 per cent.
Form: The Bonds will be issued in bearer form as described in "Form of the Bonds and Summary of Provisions relating to the Bonds while in Global Form".
Status: The Bonds will constitute direct secured obligations of the Issuer and will rank pari passu without any preference among themselves.
Interest: The Bonds will bear interest at a fixed rate of 4.625 per cent. per annum payable semi-annually in arrear in equal instalments on 5th June and 5th December of each year, from (and including) the Issue Date to (but excluding) 5th December, 2033 (the Maturity Date), subject to adjustment in accordance with Condition 8.5 (Payment only on a Presentation Date) (each, an Interest Payment Date). Interest payable on the first Interest Payment Date shall be
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payable in respect of the period from (and including) 5th April, 2012 to (but excluding) 5th June, 2012 in an amount equal to £7.71 per £1,000 principal of Bonds.
Final Redemption: Unless previously redeemed or purchased and cancelled in accordance with Condition 9 (Redemption and Purchase), the Bonds will be redeemed at their principal amount on the Maturity Date.
Early Redemption: The Issuer may, at its option, redeem all (or some only) of the Bonds at any time upon notice given in accordance with Condition 9.3 (Early Redemption at the Option of the Issuer) at the higher of their principal amount and an amount calculated by reference to the sum of (i) the yield on the relevant outstanding UK Government benchmark conventional gilt having the nearest maturity date to that of the Bonds and (ii) 0.50 per cent., together with accrued interest.
Early Redemption for Tax Reasons: The Issuer may also, at its option, redeem all, but not some only, of the Bonds at any time at their principal amount plus accrued interest, in the event of certain tax changes as described in Condition 9.2 (Redemption for Taxation Reasons).
Purchase: The Issuer may, at any time, purchase Bonds in accordance with the provisions of Condition 9.5 (Purchases). Any Bonds purchased by the Issuer (or redeemed in whole) will be cancelled and will not be available for reissue or resale.
Security: The Issuer's obligations in respect of the Bonds are secured pursuant to the Trust Deed by the Security, which includes:
(a) a first legal mortgage over the Mortgaged Properties;
(b) a first fixed charge over all plant and machinery, the benefit of Insurances and future licences, consents and authorisations in respect of the Mortgaged Properties;
(c) an assignment by way of security of the Issuer's rights, title and interest arising under the personal agreements and covenants by the tenants, lessees, licensees or other parties under the Letting Documents and all agreements, now or from time to time entered into or to be entered into for the sale, letting or other disposal or realisation of, or in connection with the management, ownership, refurbishment, development, repair, improvement or servicing of, the whole or any part of the Security Assets;
(d) a charge by way of first fixed charge over all moneys from time to time standing to the credit of the
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Charged Account and all debts represented thereby;
(e) an assignment by way of security of the Issuer's rights, title and interest arising under the Agency Agreement and the Account Agreement, in each case to the extent they relate to the Bonds; and
(f) a charge by way of first fixed charge over all sums held from time to time by the Paying Agents for the payment of principal, premium or interest in respect of the Bonds.
The assets comprising the Security have characteristics that demonstrate capacity to produce funds to service the payments due and payable on the Bonds.
Negative Pledge: The Issuer has covenanted, pursuant to Condition 5.2 (Negative Pledge and Disposals), for so long as any of the Bonds remain outstanding, not to create or permit to subsist, over any of the Security Assets, any mortgage or charge or any other security interest ranking in priority to, or pari passu with, the security created by or pursuant to the Trust Deed, excluding, for this purpose any security interest created by operation of law.
Asset Cover Covenant: Pursuant to Condition 5.3 (Asset Cover Covenant) the Issuer has covenanted, for so long as any of the Bonds remain outstanding, that it shall at all times ensure that the sum of:
(a) the Minimum Value of the Mortgaged Properties; and
(b) the Charged Cash,
will not be less than the aggregate principal amount of the Bonds outstanding.
In calculating the Minimum Value of the Mortgaged Properties, a discount is applied in accordance with the definition thereof such that any value given in a valuation of Mortgaged Properties on an EUV-SH basis is divided by 105, and any value given in a valuation of Mortgaged Properties on an MV-ST basis is divided by 115, and, in each case, is multiplied by 100.
Information Covenant: The Issuer has also covenanted to deliver to the Trustee, within 180 days after the end of each Financial Year, a copy of its own and its consolidated audited financial statements for such Financial Year and a Compliance Certificate, and, upon request by a Bondholder to the Issuer, to make copies of such documents available to any of the Bondholders at the Issuer's registered office.
In addition to the rights of Bondholders to convene a meeting pursuant to Condition 16 (Meetings of Bondholders,
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Modification, Waiver, Authorisation and Determination), at the request of the requisite majority of the Bondholders, the Issuer shall hold a meeting of the Bondholders to discuss the financial position of the Issuer, provided that the Issuer shall not be required to hold any such meeting more than once in any calendar year.
Valuations: The Issuer has covenanted pursuant to Condition 5.4 (Valuations), for so long as any of the Bonds remain outstanding, that:
(a) it shall deliver a Full Valuation to the Trustee at least once in every period of five calendar years (beginning in 2017) and, unless the Trustee agrees otherwise, such Full Valuation must be delivered in the period between 31st March and the date falling 60 days after 31st March in each year that such Full Valuation is required to be delivered; and
(b) it shall deliver to the Trustee a Desk Top Valuation in the period between 31st March and the date falling 120 days thereafter in each year (beginning in 2013) other than a year in respect of which a Full Valuation is required to be delivered pursuant to paragraph (a) above.
Addition, Substitution and Release of Mortgaged Properties and Charged Cash:
The Issuer may charge, substitute or release Mortgaged Properties from the Security subject to, and in accordance with, the requirements set out in Conditions 6.1 (Addition of New Mortgaged Properties), 6.2 (Substitution of Mortgaged Properties), 6.3 (Release of Mortgaged Properties) and 6.4 (Statutory Disposals).
The Issuer may also, at any time, deposit money into the Charged Account to ensure compliance with the Asset Cover Test. The Issuer may only withdraw Charged Cash from the Charged Account if (a) the Issuer is, at the relevant time, in compliance with the Asset Cover Test and (b) either: (i) such Charged Cash is to be applied by the Issuer in the acquisition of a property which is to be charged in favour of the Trustee pursuant to the Trust Deed and, immediately following the acquisition and charging of such property, the Issuer will be in compliance with the Asset Cover Test or (ii) such Charged Cash is to be used for any purpose permitted by its Rules and, immediately following the withdrawal, the Issuer will be in compliance with the Asset Cover Test.
Events of Default: Following an Event of Default, the Trustee may, and if so requested by the holders of at least one-fourth in principal amount of the Bonds then outstanding shall (subject to it being secured and/or indemnified and/or prefunded to its satisfaction and, upon certain events, the Trustee having certified to the Issuer that such event is, in its opinion, materially prejudicial to the interests of the Bondholders), give notice to the Issuer and the Bonds shall become
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immediately due and repayable.
The Events of Default include, inter alia, non-payment of any principal, premium and interest due in respect of the Bonds and failure of the Issuer to perform or observe any of its other obligations under the Conditions and the Trust Deed (in each case, upon the expiry of the relevant grace period), insolvency, unlawfulness and acceleration, or non-payment, in respect of other indebtedness in an aggregate amount equal to or in excess of £10,000,000 (or its equivalent).
Meetings of Bondholders: The Terms and Conditions of the Bonds contain provisions for calling meetings of Bondholders to consider matters affecting their interests generally. These provisions permit defined majorities to bind all Bondholders including Bondholders who did not attend and vote at the relevant meeting and Bondholders who voted in a manner contrary to the majority.
Modification and Waiver: The Trustee may, pursuant to Condition 16 (Meetings of Bondholders, Modification, Waiver, Authorisation and Determination), without the consent of Bondholders, Couponholders or any Secured Party, agree any modification to, or to the waiver or authorisation of any breach or proposed breach of, the Conditions, the Trust Deed or any other Transaction Document or determine that any Potential Event of Default or Event of Default shall not be treated as such (subject to the proviso in Condition 16.2) or consent to any modification which, in its opinion, is of a formal, minor or technical nature or to correct a manifest error or an error which is, in the opinion of the Trustee, proven.
Tax: All payments of principal and interest in respect of the Bonds will be made without withholding or deduction for taxes imposed by the United Kingdom or any political subdivision or any authority thereof or therein having power to tax unless such withholding or deduction is required by law. In the event that any such withholding or deduction is required, the Issuer shall, save in certain limited circumstances provided in Condition 10 (Taxation), be required to pay such additional amounts as will result in receipt by the Bondholders of such amounts as would have been received by them if no such withholding or deduction had been required.
Risk Factors: There are certain factors that may affect the Issuer's ability to fulfil its obligations under the Bonds. These include political, financial and regulatory risks, operational risk, risks relating to the market and risks relating to the security of the Bonds.
Listing and admission to trading: Application has been made to the UK Listing Authority for the Bonds to be admitted to the Official List and to the London Stock Exchange for the Bonds to be admitted to trading on the London Stock Exchange's regulated market.
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Credit Ratings: The Bonds are expected to be assigned on issue a rating of "Aa2" by Moody's Investors Service, Inc. and "AA-" by Standard & Poor's Credit Market Services Europe Limited. A credit rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, revision or withdrawal at any time by the assigning rating agency.
As of the date of this Offering Circular, Moody's is not established in the European Union and has not applied for registration under Regulation (EC) No. 1060/2009 (as amended) (the CRA Regulation). However, the application for registration under the CRA Regulation of Moody's Investors Service Limited, which is established in the European Union and is registered under the CRA Regulation (and, as such is included in the list of credit rating agencies published by the European Securities and Markets Authority (ESMA) on its website in accordance with the CRA Regulation), disclosed the intention to endorse the global sale credit ratings assigned by its non-EU entities, including Moody's. While notification of the corresponding endorsement decision has not yet been provided by the relevant competent authority, ESMA has indicated that a transitional period ending on 30th April, 2012 shall apply with respect to ratings intended to be endorsed. As of the date of this Offering Circular, S&P is established in the European Union and is registered under Regulation (EC) No. 1060/2009 (as amended). As such S&P is included in the list of credit rating agencies published by the European Securities and Markets Authority on its website in accordance with such Regulation.
Joint Lead Arrangers and Joint Bookrunners:
Barclays Bank PLC Lloyds TSB Bank plc The Royal Bank of Scotland plc
Principal Paying Agent: BNP Paribas Securities Services, Luxembourg Branch
Paying Agent: BNP Paribas Securities Services, London Branch
Account Bank: Barclays Bank PLC
Trustee: Prudential Trustee Company Limited
Selling Restrictions: There are restrictions on the offer, sale and transfer of the Bonds in the United States and the United Kingdom.
Governing Law: The Bonds and the Trust Deed, and any non contractual obligations or matters arising from or in connection with them, shall be governed by, and construed in accordance with, English law.
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RISK FACTORS
The Issuer believes that the following factors may affect its ability to fulfil its obligations under the Bonds. All of these factors are contingencies which may or may not occur and the Issuer is not in a position to express a view on the likelihood of any such contingency occurring.
In addition, factors which are material for the purpose of assessing the market risks associated with the Bonds issued are also described below.
The Issuer believes that the factors described below represent the principal risks inherent in investing in the Bonds, but the inability of the Issuer to pay interest, principal or other amounts on or in connection with the Bonds may occur for other reasons which may not be considered significant risks by the Issuer based on information currently available to it or which it may not currently be able to anticipate. This section is not intended to be exhaustive and prospective investors should also read the detailed information set out elsewhere in this Offering Circular and reach their own views prior to making any investment decision. If any of the following risks actually materialise, the Issuer's business, financial condition and prospects could be materially and adversely affected. No assurance can be given that prospective Bondholders will receive full and/or timely payment of interest and principal or ultimate recovery in relation to the Bonds.
Factors which may affect the Issuer's ability to fulfil its obligations under the Bonds
Political Risk
Welfare Reform: The Welfare Reform Act 2012 was granted royal assent on 8th March, 2012. The Act provides for (i) the introduction of Universal Credit from October 2013, with direct payment of benefit to working-age tenants under a centralised IT system, (ii) the introduction of a benefit cap from April 2013 expected at a maximum level of £26,000 per household, per year, and will include an amount in respect of housing costs, (iii) under-occupation penalties for working tenants from April 2013 and (iv) local housing allowances changes from April 2013.
The Government white paper entitled "Universal Credit: welfare that works" considered that there would be advantages in paying the housing component of Universal Credit directly to tenants, although it stated "we also recognise the importance of stable rental income for social landlords to support the delivery of new homes and will develop Universal Credit in a way that protects their financial position" with the acknowledgement that some households may go into rent arrears as a consequence of the introduction of Universal Credit.
Changes to the structure of the benefit system (including any system of direct payments of the housing component of Universal Credit to tenants) may affect the ability of claimants of housing benefit to pay their rent and may increase the Issuer's transactional costs of rent collection which, if material, may affect the ability of the Issuer to meet its payment obligations under the Bonds. Although a material proportion of the rent received by the Issuer is currently derived from housing benefit payable by local authorities, there are some key mitigating factors reducing the implementation risk associated with Welfare Reform: (i) direct payments under Universal Credit is only applicable to working-age tenants, with the remaining share of non-working tenants exempt under the new system. As a result, direct payment to the Issuer will continue to form a material amount of the Issuer's revenue, (ii) the legislation provides for a gradual implementation of Universal Credit from October 2013, which adds flexibility and limits the implementation risk of the new IT driven system and (iii) expectations are that the government intend to put in protection mechanisms to allow payment to be made direct to landlords if tenants are vulnerable or fall into arrears of rent and this is intended to act as a protection mechanism which safeguards landlords' income.
In the Issuer's opinion, arrears and void risk is further mitigated by (i) its rental collection systems, (ii) the high percentage of working tenants paying by direct debit and standing orders, (iii) the establishment of a tenancy sustainment team to support tenants, (iv) imposed internal limits on the rent charged for larger family homes that provide headroom against the Universal Credit cap and (vi) the ability of the Issuer to pursue eviction.
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Furthermore, the Issuer recognises (i) the willingness of existing employed tenants to preserve 'life-time' tenancies, (ii) an acknowledgement amongst tenants that social rents are significantly lower in London and the south east of England than an equivalent private rented sector property, (iii) the scarcity of social and affordable housing in London that means demand for social and affordable housing is high and (iv) the ability to charge re-let tenancies on an 'Affordable Rent' basis (as described below).
Affordable Rent: Whilst existing social tenancies and rent levels remain unchanged, the Chancellor announced that new tenancies would be introduced that would carry intermediate rents up to a maximum of 80 per cent. of the market rent level on both newly developed stock and on a proportion of existing stock for permitted Registered Providers of Social Housing. This new rent and tenancy combination is known as Affordable Rent. Under the Framework (as defined below), it is the intention that the Issuer shall develop 1,800 new homes at Affordable Rents under the framework development agreement it has entered into with the Homes and Communities Agency (HCA). There is a risk that those tenants on Affordable Rent may find it harder to pay their rent and that this may, if material, have a corresponding effect on the ability of the Issuer to meet its payment obligations under the Bonds on a timely basis.
In order to mitigate this risk, the Issuer has reaffirmed its social mission with a continued commitment to affordability and has put in place a new Affordable Rent policy which will ensure that rents charged will be no more than 35 per cent. of estimated net income for general needs tenants and no more than 45 per cent. of net income for new intermediate rented customers and shared owners. In outer London, rents will be closer to the maximum 80 per cent. of market rent allowed by government; in inner London they will be significantly lower, with an average of around 60 per cent. of market rent. To ensure that all rents remain affordable for tenants on lower incomes, the Issuer does not intend to increase rents on larger family homes to the new Affordable Rent level.
As a result of the reforms proposed by the Government, certain rating agencies have published reports that specifically comment that greater rent flexibility for social housing is credit positive, particularly in London and the south east of England. The existing target rent in London is 36 per cent. of the average private sector rent of an equivalent home according to the National Housing Federation. It is the Issuer's objective to maintain dialogue with investors, local authorities, government departments and politicians to create effective partnerships and get the best outcome for Registered Providers of Social Housing including working with leading influencers through the Mayor's Housing Investment Taskforce, the Issuer's own 'Hard Times' series of publications, and involvement with various sector commissions to maximise new supply.
Housing Grant Risk: The Issuer receives grant funding from a variety of sources, including the HCA, the government housing and regeneration agency that provides funding for affordable housing in England. Due to the nature of grant funding, there is a risk that the amount of funding available and the terms of grants will vary. Following approval of a grant there is a risk that the HCA may revise the terms of a grant and reduce entitlement, suspend or cancel any instalment of such a grant. In certain circumstances, set out in the HCA regulatory framework, including but not limited to, failure to comply with conditions associated with the grant or a disposal of the property funded by a grant, the grant may be required to be repaid or reused. Any such reduction in, withdrawal of, repayment or re-use of grant funding could adversely impact the future development plans of the Issuer.
Since 2005, bids for social housing grants to supply new affordable housing have been accepted from unregistered bodies in addition to Registered Providers of Social Housing. This includes private developers and arms length management organisations established by local authorities. One of the aims of the measure was to increase competition. In September 2008, as part of a package of measures announced to stimulate the housing market and deliver new social housing, the previous Government announced that local authorities who directly manage houses will also be invited to bid for grants.
In 2010 the Government announced a new funding framework: the 2011-2015 Affordable Homes Programme (the Framework). The Framework largely replaces the existing social housing grant programme, although outstanding grants agreed under the previous arrangements will be paid to Registered Providers of Social Housing. The Framework is designed to offer more flexibility to registered housing providers, enabling them
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to use existing assets to support new development programmes, and to offer a wider range of housing options to people accessing social housing.
Under the Framework the Issuer has committed to develop 1,800 new homes at Affordable Rent (circa 20 per cent. of the Issuer's development pipeline) on identified sites for circa £35 million of grant allocation. To mitigate the risks associated with lower levels of grant, the Issuer has in place financial strategies that support operational efficiency, measured risk and an upper limit of development exposure linked to financial capacity. In addition, the majority of the development pipeline of the Issuer being developed outside the Framework has already been allocated grant at historical cost levels. As such, the Issuer does not believe that its allocation under the Framework or the switch to the Framework will have an adverse effect on the sustainability of its existing business.
Income Risk
Rental Income: A high proportion of the rent received by the Issuer is derived from housing benefit payable by local authorities. Aside from the risks associated with Welfare Reform, payments of housing benefit by local authorities may be delayed as a result of, among other things, the need to establish a new claimant's entitlement thereto. The receipt of rental payments by the Issuer, as landlord, may be delayed by the failure of the claimant to regularly pay rent which is due in addition to the housing benefit and/or, in circumstances where the housing benefit is not paid direct to the landlord, a failure to pass on the housing benefit payments to the landlord. In such circumstances, the non-payment, or any delay in payment of material amounts of rental income, could affect the ability of the Issuer to meet its payment obligations under the Bonds.
Rental Growth: Levels of rental income are currently impacted each year by the Retail Price Index (RPI) which refers back to the figure published in the September of the preceding year. The Chancellor announced in the Emergency Budget on 22nd June, 2010 that, from the financial year 2013-2014, housing benefit limits will be adjusted upwards in line with the Consumer Prices Index (CPI) rather than RPI. The Issuer will apply future rent increases, or decreases in the case of negative RPI, in accordance with the Government rent regimes in place at that time. The current regime for regulated rents allows for increases at RPI plus 0.5 per cent. The Issuer's regulated rental income sensitivity to a 1 per cent. increase in RPI is circa £4.5 million per annum and to a 1 per cent. decrease in RPI is circa £1.5m per annum based on current rental income, which the Issuer does not deem material to its ability to meet its obligations under the Bonds. The Issuer has a number of mechanisms in place to mitigate the scenario of negative inflation including control over its cost base, consideration of the correlation between inflation and interest rates when managing its variable rate interest bill and the ability to use treasury instruments such as inflation-linked swaps. The Issuer may also be able to take advantage of a "waiver" clause, whereby the Regulation Committee of the Homes and Communities Agency (the Regulator) can allow extensions of the period in which target rents must be reached if it would otherwise mean that a covenant of a financing arrangement would be breached or a loan would otherwise default.
Shared Ownership Tenures: Shared ownership income is generated on the initial part of the property (known as the "first tranche") which is sold to the "shared owner"; on subsequent sales of further portions of the property to the shared owner (known as "staircasings"); and in the form of subsidised rent on the part of the property which the shared owner does not own until the property is fully owned by the shared owner.
There is a risk that if a tenant of a shared ownership property borrows monies through a mortgage from a commercial lender (having obtained consent from the Issuer) then that lender's mortgage may take priority ahead of any security arrangements that are in place. However, if that commercial lender were to enforce its security following a tenant defaulting on its mortgage, such lender could staircase (i.e. purchase a portion of the freehold property) up to 100 per cent. in order to be able to sell the whole leasehold interest in which case the Issuer as landlord would receive such staircasing payments from the commercial lender. If the price for the full 100 per cent. receivable on sale is not sufficient to meet the principal outstanding (plus 12 months interest and other statutorily permitted costs) then the shortfall will remain as a debt due to the landlord from the defaulting leaseholder. Under current HCA rules, any shortfall not recovered is borne first by the provider of
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any grant in respect of the property, and thus the Issuer is only affected to the extent that the shortfall cannot be covered by grant monies. This only applies where shared ownership is grant-funded.
The Issuer does not intend to use shared ownership properties as security under any of its existing lending arrangements including the Trust Deed.
Market Rent Portfolio: As part of its on-going strategy, the Issuer intends to increase its exposure to the private rented sector in its area of operations in London and the south east of England. The properties will be let on assured shorthold tenancies for terms between 6 and 60 months at full market rent. The rent will be reviewed at the end of the tenancy period. These market rent properties will be held on the Issuer's balance sheet and returns will be reinvested in furtherance of objects as permitted by the Issuer's Rules. The Issuer may make modest sales and purchases from the portfolio with a view to maximising the yield from the portfolio.
This activity will be subject to varying degrees of market and development risk. These market and development risks may impact upon the expenses incurred by the Issuer associated with these properties, rental income produced by these properties, their value, the Issuer's ability to develop these properties on land that it has acquired and its ability to sell these properties. This in turn could, if material, impact on the Issuer's cash flow and its ability to satisfy any covenants which it is required to maintain pursuant to the terms of any financing arrangements.
Sales Risk: The Issuer's strategy has been to develop principally social rented (general needs, sheltered and supported) housing, which has a limited exposure to housing market downturn risk. Rental income from these properties provides the major source of the Issuer's income. As part of its provision of affordable housing, the Issuer has developed and receives income from sales of properties that are uneconomic to maintain, shared ownership first tranche receipts, shared ownership staircasing receipts and redemptions of shared equity properties. These markets are subject to the impact of falling property values and in some circumstances the availability of mortgages.
Shared ownership properties account for circa 20 per cent. of the Issuer's development programme. Where shared ownership properties remain unsold for a period longer than envisaged, the Issuer will review a number of options that include reduced sales values and switching tenure to market rents or to intermediate market rents (which are between affordable and market rents ). Both options will be for an interim period until the market recovers.
The Issuer is exposed to and is expected to increase its exposure to the trading performance of Zest Homes Limited (ZHL), a wholly owned subsidiary, whose prime activity is the development of property for outright sale and whose surpluses are gifted to the Issuer. In addition, the Issuer provides a facility to ZHL backed by an inter-creditor deed that provides the Issuer with a floating charge over the assets of ZHL, ranked secondary to third party funding that has been provided to ZHL. This agreement was approved by the Tenant Services Authority (the TSA), the predecessor to the Regulator.
To mitigate the risk related to sales receipts, the Issuer's policies take a conservative approach to financial planning and project appraisal ensuring that sales receipts are not relied upon to service debt obligations or to meet covenants in a stress tested environment. In addition the Issuer has a large element of discretion in the authorisation of spending relating to its maintenance expenditure control over the phasing and timing of development completions and, in the event of a market downturn, can be further protected by its ability to shift the homes into a rental tenure. The Group's (consisting of the Issuer as parent and principal operating entity with three active subsidiaries (the Group)) development pipeline (based solely in London and the south east of England where demand is strong and supply is limited) consists of circa 30 per cent. of property development for the purpose of outright sale. Whilst the Issuer is exposed to market risk in relation to housing for sale (including both demand and pricing risks), the Issuer does not rely on asset sales to meet any of its operating obligations and caps its exposure at all times to ensure that it can service its debt obligations in a stress tested scenario. In the Issuer's opinion, it does not consider that its sales programme is material to its ability to meet its obligations under the Bonds.
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Market and Development Risk: Residential property investment is subject to varying degrees of market and development risks. Market risks which may impact upon both the rental market and the development of residential properties include the economic environment, the risk of changes to Government regulation, including, but not limited to, regulation relating to planning, taxation, landlords and tenants and welfare benefits which could affect positively and negatively tenant trends in the United Kingdom. Furthermore, the maintenance of existing properties, development of existing sites and acquisition of additional sites may be subject to economic and political conditions, the availability of finance facilities and the costs of facilities where interest rates and inflation may also have an effect.
Among other things, these market risks may impact upon the expenses incurred by the Issuer associated with existing residential properties, rental income produced by these properties, the value of its existing investments, its ability to develop land that it has acquired, its ability to sell properties and its ability to acquire additional sites. This could, in turn, impact upon the Issuer's cash flow and its ability to satisfy any covenants which it is required to maintain pursuant to the terms of any financing arrangements.
Operations Risks: Operational risks may result from major systems failure or breaches in systems security (although the Issuer has prepared business continuity plans in order to mitigate against this, it is dependent upon its technology in order to deliver business processes) and the consequences of theft, fraud, health and safety and environmental issues, natural disaster and acts of terrorism. These events could result in financial loss to the Issuer.
Regulatory Risk: The Housing and Regeneration Act 2008 (the Act) received Royal Assent on 22nd July, 2008 and its provisions are now largely in force as of 1st April, 2010.
Pursuant to the Act, on 1st December, 2008 the TSA was established with powers to regulate social housing providers. The TSA published "The regulatory framework for social housing in England from April 2010", setting out its six standards applying to Registered Providers of Social Housing from 1st April, 2010. The standards cover tenant involvement and empowerment; quality of accommodation; allocations, rent and tenure; neighbourhood management; value for money; and governance and financial viability. Registered Providers of Social Housing are expected to comply with the standards, although the TSA stated that its approach was that providers should have greater freedoms to enable them to innovate in the best interests of their tenants. Registered Providers of Social Housing are expected to establish their own framework to ensure they are accountable to their tenants and governing bodies. The Regulator is not expected to materially alter this approach.
The new standards replaced a significant proportion of the previous regulatory framework which applied to Registered Providers of Social Housing (then called registered social landlords and as regulated by the Housing Corporation).
In the Government's white paper "Review of Social Housing Regulation" the Government announced its intention to abolish the TSA and move its economic regulation and "backstop" consumer regulation functions to the HCA. The Localism Act 2011 established the Regulator as a separate committee of the HCA to undertake this regulatory role which has been appointed by the Secretary of State. This new arrangement came into force on 1st April, 2012. The statutory powers available to the Regulator are unchanged from those previously in place. The Regulator continues to provide economic regulation for Registered Providers of Social Housing in order to ensure they are financially viable and well governed and to support the confidence of private lenders to provide funds at competitive rates. Going forward, it is intended that there will be a greater role for tenants' panels, councillors, MPs and the Ombudsmen in dealing with consumer issues.
Legal and Compliance Risk: The Issuer knows the significance to its operations of, and is focused on, adhering to all legal and compliance legislation. The Issuer is not currently aware of any material failure to adhere to applicable health and safety or environmental laws, litigation or breach of regulatory laws, or failure to comply with corporate, employee or taxation laws. If any of this were to occur in the future, this could have an adverse impact on the Issuer's results of its operations. To date, litigation claims made against the Issuer have not had a material impact on the revenue or business of the Issuer, although there can be no assurance that
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the Issuer will not, in the future, be subject to a claim which may have a material impact upon its revenue or business.
Furthermore, the Issuer has the benefit of insurance for, among other things, employer's liability, public liability and professional indemnity at a level which the management of the Issuer considers to be prudent for the type of business in which the Issuer is engaged.
Permitted Reorganisation: The terms and conditions of the Bonds permit the Issuer to undertake Permitted Reorganisations. In such circumstances, the resulting entity's credit risk may change
Capital Resources: The perceived credit worthiness of the Issuer depends on many factors, including the linkage to national government through financial, operational and economic factors, its level of financial performance, the level of drawn debt, its ability to access new debt and the strength of its management and governance structure. Deterioration in any of these factors or a combination of these factors may result in a downgrade in the Issuer's perceived credit worthiness. While the Issuer aims to maintain a capital structure which is consistent with a strong investment grade credit rating, deterioration in the perception amongst actual and potential creditors and the inability to renew maturing funding facilities or committed lines of credit could impact on the cost and accessibility of new funding thereby having an adverse impact on the Issuer's results of operations.
To mitigate liquidity risk and augment its capital reserves, the Issuer's treasury strategy ensures that funding is procured in advance of need after considering the worst case scenario of the Issuer's most recent business plan and that leverage is maintained within the Issuer's financial capacity parameters as measured by its ability to service debt.
Financial risks and liquidity: The Issuer's financial instruments comprise borrowings, cash and liquid resources and arrangements with trade debtors and trade creditors, which arise directly from its operations. The main financial risks faced by the Issuer due to its financial instruments and treasury operations relate to interest rate risk of its variable rate borrowings, liquidity risk and counterparty risk. The Issuer also enters into interest rate swaps to manage the interest rate volatility and uncertainty arising from the Issuer's operations and financing. The Issuer is therefore exposed to negative mark-to-market exposure that may result in cash being posted as collateral. To mitigate this risk, the Issuer has in place credit support annexes and designated property allocated as collateral against ISDA agreements. This provides the Issuer with sufficient headroom against adverse mark-to-market positions and, therefore, the Issuer views this risk as remote. Furthermore, the Issuer holds sufficient liquidity in the form of cash and immediately available revolving credit facilities to cover potential exposure. Stand alone exposure is monitored using value at risk simulation and is reported as part of monthly key performance indicators.
However, a major event in any of these areas, such as economic or political instability or market forces, could affect the Issuer's operations and financing and thereby could have an adverse impact on the Issuer's results of operations.
Pensions Risk: The Issuer and its subsidiaries, participate in the following pension schemes:
(a) the Social Housing Pension Scheme (SHPS);
(b) the London & Quadrant Housing Trust defined benefit scheme (LQDB), closed to new entrants since 2001;
(c) the Local Government Pension Scheme administered by The London Borough of Bexley (LGPS Bexley);
(d) the Local Government Pension Scheme administered by Buckinghamshire County Council (LGPS Buckinghamshire); and
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(e). the Local Government Pension Scheme administered by Waltham Forest Council (LGPS Waltham Forest),
(LGPS Bexley, LGPS Buckinghamshire and LGPS Waltham Forest, the LGPS Funds).
The SHPS is an industry wide multi-employer scheme. It is not possible, in the normal course of events, to readily identify the share of the underlying assets and liabilities attributable to each individual employer participating in this arrangement. The Issuer's (employer's) current contribution rate is 15.8 per cent of pensionable pay (made up of 8.3 per cent. current funding plus 7.5 per cent. deficit contribution). As at 31st March, 2011 there were 35 active members of the scheme employed by the Issuer.
The LGPS Funds are also multi-employer arrangements but, unlike the SHPS, it is possible to identify the share of the LGPS Fund's underlying assets and liabilities attributable to the Issuer. As at 31st March, 2011, the fair market value of the assets held in LGPS Funds attributable to the Issuer amounted to £12.1 million. As at that date, the corresponding pension liabilities amounted to £16.3 million. At the same date the fair market value of assets held in LQDB were £72.8 million with corresponding liabilities amounting to £80 million. The pension contributions payable by the Issuer to LQDB during the accounting period ending 31st March, 2011 were 22.8 per cent. of pensionable salary plus a further £0.6 million annual deficit contribution.
Factors which are material for the purpose of assessing the market risks associated with the Bonds
Suitability: Prospective purchasers of Bonds should ensure that they understand the nature of the Bonds and the extent of their exposure to risk, that they have sufficient knowledge, experience and access to professional advisers to make their own legal, tax, accounting and financial evaluation of the merits and the risks of investment in the Bonds and that they consider the suitability of the Bonds as an investment in light of their own circumstances and financial condition.
Risks Related to the Structure of the Bonds
Liability of the Issuer under the Bonds: The Bonds will be obligations of the Issuer only and do not establish any liability or other obligation of any other person mentioned in this Offering Circular. The Bonds will constitute direct, general, secured obligations of the Issuer and will rank equally among themselves.
Potential Conflicts of Interest: Each of the Joint Bookrunners, the Trustee, the Paying Agents and the Account Bank (together with the Issuer, the Relevant Parties) and their affiliates in the course of each of their respective businesses may provide services to other Relevant Parties and to third parties and in the course of the provision of such services it is possible that conflicts of interest may arise between such Relevant Parties and their affiliates or between such Relevant Parties and their affiliates and such third parties. Each of the Relevant Parties (other than the Issuer) and their affiliates may provide such services and enter into arrangements with any person without regard to or constraint as a result of any such conflicts of interest arising as a result of it being a Relevant Party.
Redemption prior to maturity: In the event that the Bonds become repayable prior to maturity either following an Event of Default (as defined in Condition 12.1 (Events of Default)) or due to taxation (pursuant to Condition 9.2 (Redemption for Taxation Reasons)), the Bonds will be redeemed in full at their principal amount, plus accrued interest. In such circumstances it may not be possible for an investor to reinvest the redemption proceeds at an effective rate of interest as high as the interest rate on the Bonds. Furthermore, the optional redemption feature of the Bonds is likely to limit their market value as the market value generally will not rise substantially above the price at which they can be redeemed.
Modification, waivers and substitution: The Terms and Conditions of the Bonds and the Trust Deed contain provisions for calling meetings of Bondholders to consider matters affecting their interests generally. These provisions permit defined majorities to bind all Bondholders, including Bondholders who did not attend and vote at the relevant meeting and Bondholders who voted in a manner contrary to the majority.
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The Terms and Conditions of the Bonds and the Trust Deed also provide that the Trustee may, without the consent of Bondholders, Couponholders or any Secured Party (i) agree to any modification (except as stated in the Trust Deed) of, or to the waiver or authorisation of any breach or proposed breach of, any of the provisions of Bonds or the Trust Deed or any other Transaction Document or (ii) determine without the consent of the Bondholders, Couponholders or other Secured Parties that any Potential Event of Default or Event of Default shall not be treated as such or (iii) agree to the substitution of another company, industrial and provident society or other entity as principal debtor under the Bonds in place of the Issuer, in the circumstances described in the Terms and Conditions, provided, in each case, that the Trustee is of the opinion that to do so would not be materially prejudicial to the interest of Bondholders.
Denominations involve integral multiples: definitive Bonds: The Bonds have denominations consisting of a minimum of £100,000 plus one or more higher integral multiples of £1,000. It is possible that the Bonds may be traded in amounts that are not integral multiples of £100,000. In such a case a holder who, as a result of trading such amounts, holds an amount which is less than £100,000 in his account with the relevant clearing system at the relevant time may not receive a definitive Bond in respect of such holding (should definitive Bonds be printed) and would need to purchase a principal amount of Bonds such that its holding amounts to £100,000.
If definitive Bonds are issued, holders should be aware that definitive Bonds which have a denomination that is not an integral multiple of £100,000 may be illiquid and difficult to trade.
Change in Law: The Terms and Conditions of the Bonds, and the ratings which are to be assigned to them, are based on English law, regulatory and administrative practice in effect as at the date of this Offering Circular, and have due regard to the expected tax treatment of all relevant entities under United Kingdom tax law and the published practice of HM Revenue & Customs in force or applied in the United Kingdom as at the date of this Offering Circular. No assurance can be given as to the impact of any possible change to English law, regulatory or administrative practice in the United Kingdom, or to United Kingdom tax law, or the interpretation or administration thereof, or to the published practice of HM Revenue & Customs as applied in the United Kingdom after the date of this Offering Circular.
European Monetary Union: It is possible that, prior to the repayment in full of the Bonds, the United Kingdom may become a participating member state in the European Economic and Monetary Union and that the Euro will become the lawful currency of the United Kingdom. The introduction of the Euro could be accompanied by a volatile interest rate environment which could adversely affect holders of the Bonds. It cannot be said with certainty what effect the adoption of the Euro by the United Kingdom (if it occurs) will have on the holders of the Bonds.
Taxation: Under the Terms and Conditions of the Bonds (see Condition 10 (Taxation) below), the Issuer will not be entitled to make any deduction or withholding on account of tax from payments in respect of the Bonds unless such withholding or deduction is required by law. In the event that any deduction or withholding on account of tax is required by law, the Issuer shall be required (except in the limited circumstances set out in Condition 10 (Taxation)) to pay such additional amounts as will result in the receipt by the Bondholders of such amounts as would have been received by them if no such withholding or deduction had been required. Where the deduction or withholding is required as a result of a change in applicable law or regulations, the Issuer may exercise its option to redeem the Bonds in full on the next Interest Payment Date at the principal amount, plus accrued interest, pursuant to Condition 9.2 (Redemption for Taxation Reasons). As mentioned above, in such circumstances an investor may not be able to reinvest the redemption proceeds in a comparable security at an effective interest rate as high as that of the Bonds.
For a description of the current United Kingdom law and practice relating to withholding tax treatment of the Bonds, see below in "United Kingdom Taxation".
EU Savings Directive: Under EC Council Directive 2003/48/EC (the Directive) on the taxation of savings income, Member States are required to provide to the tax authorities of another Member State details of payments of interest (or similar income) paid by a person within its jurisdiction to an individual resident in that
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other Member State or to certain limited types of entities established in that other Member State. However, for a transitional period, Luxembourg and Austria are instead required (unless during that period they elect otherwise) to operate a withholding system in relation to such payments (the ending of such transitional period being dependent upon the conclusion of certain other agreements relating to information exchange with certain other countries). A number of non-EU countries and territories including Switzerland have adopted similar measures (a withholding system in the case of Switzerland).
If a payment were to be made or collected through a Member State which has opted for a withholding system and an amount of, or in respect of, tax were to be withheld from that payment, neither the Issuer nor any Paying Agent nor any other person would be obliged to pay additional amounts with respect to any Bond as a result of the imposition of such withholding tax. The Issuer is required to maintain a Paying Agent in a Member State that is not obliged to withhold or deduct tax pursuant to the Directive.
The European Commission has proposed certain amendments to the Directive, which may, if implemented, amend or broaden the scope of the requirements described above.
Risks Relating to the Security of the Bonds
Considerations relating to the Security: The Bonds will be secured by the Security granted, pursuant to the Trust Deed, in favour of the Trustee for the benefit of the Bondholders and such security includes first fixed legal mortgages over the Mortgaged Properties.
The validity of any security given by the Issuer in connection with additions and substitutions of Mortgaged Properties may depend on the solvency of the Issuer at the time of the grant.
Environmental Considerations: Under relevant UK environmental legislation, liability for environmental matters can be imposed on the "owner" or "person in control" of land. The term "owner" could include anyone with a proprietary interest in a property, which could include a representative of a trustee as a mortgagee in possession (in respect of which see the risk factor entitled "Mortgagee in Possession Liability" below). Environmental laws may impose liability on the owner for clean-up costs if a property is or becomes contaminated. The Issuer may therefore be liable for the entire amount of the clean-up and redemption costs for a contaminated site regardless of whether the contamination was caused by it or not. These costs, if material, may affect the ability of the Issuer to meet its payment obligations under the Bonds.
In addition, the presence of hazardous or toxic substances, or the failure to adequately remedy adverse environmental conditions at a Mortgaged Property, may adversely affect the market value of the Mortgaged Property, as well as the Issuer's ability to sell, lease or refinance the Mortgaged Property. Any environmental liability imposed on the Issuer could, if material, affect its ability to meet its payment obligations under the Bonds.
Sufficiency of Insurance: Although each Mortgaged Property is required to be insured at appropriate levels and against customary risks, there can be no assurance that any loss incurred will be of a type covered by such insurance, nor can there be any assurance that the loss will not exceed the limits of such insurance. Any interruption in income or any loss or damage caused to a Mortgaged Property not adequately covered by insurance could, if material, result in a shortfall in funds available to service the Issuer's payment obligations under the Bonds.
Fixed charges may take effect under English law as floating charges: Pursuant to the Trust Deed, the Issuer has purported to grant a fixed charge over, amongst other things, all rights and benefits under the Charged Account. The law of England and Wales relating to the characterisation of fixed charges is unsettled. The fixed charges purported to be granted by the Issuer (other than assignment of security) may take effect under English law only as floating charges if, for example, it is determined that the Trustee does not exert sufficient control over the charged assets for the security to be said to "fix" over those assets. If the charges take effect as floating charges instead of fixed charges, then the claims of the Trustee will be subject to claims which are
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given priority over a floating charge by law, including, amongst other things, prior charges, certain subsequent charges, the expenses of any winding up or administration and the claims of preferential creditors.
Claims of Creditors of the Issuer other than Secured Parties: Under English law, any creditor (who has not entered into non-petition clauses) would be able to commence insolvency or winding up proceedings against the Issuer in respect of any unpaid debt.
Mortgagee in Possession Liability: There is a risk that the Trustee may be deemed to be a mortgagee in possession if it physically enters into possession of a Mortgaged Property or performs an act of control or influence which may amount to possession, such as submitting a demand direct to tenants requiring them to pay rents to the Trustee. The consequence of being a mortgagee in possession would be that the Trustee may be obliged to account to the Issuer for the income obtained from the Mortgaged Property, be liable for any damage to the Mortgaged Property, have a limited liability to repair the Mortgaged Property and, in certain circumstances, may be obliged to make improvements or incur financial liabilities in respect of the Mortgaged Property. A mortgagee in possession may also be liable to a tenant for any mismanagement of the relevant property and may incur liabilities to third parties in nuisance and negligence and, under certain statutes (including environmental legislation), the liabilities of a property owner.
Moratorium: In order to protect the interest of tenants and to preserve the housing stock of a Registered Provider of Social Housing within the social housing sector and within the regulatory regime, a 28 working day moratorium on the disposal of land (including the enforcement of any security) by an insolvent non-profit Registered Provider of Social Housing will apply, upon certain steps being taken in relation to that provider such as presenting a winding up petition or appointing an administrator. The Regulator will then seek to agree proposals about the future ownership and management of the provider's land with its secured creditors. The moratorium procedure may adversely affect the Trustee's ability to enforce the Security, as the procedure stipulates actions that must be taken by a secured creditor prior to that secured creditor being able to enforce its security and gives powers to the Regulator in respect of certain secured assets.
Risks Relating to the Market Generally
Potential Limited Liquidity: The Bonds may not have an established market when issued. There can be no assurance of a secondary market for the Bonds or the continued liquidity of such market if one develops. The development or continued liquidity of any secondary market for the Bonds will be affected by a number of factors such as the state of credit markets in general and the creditworthiness of the Issuer, as well as other factors such as the time remaining to the maturity of the Bonds.
Global economic disruption: Bondholders should be aware of the prevailing and widely reported global credit market conditions (which continue at the date hereof), whereby there is a general lack of liquidity in the secondary market for instruments similar to the Bonds. The Issuer cannot predict when these circumstances will change and, if and when they do, whether conditions of general market illiquidity for the Bonds and instruments similar to the Bonds will return in the future.
Interest rate risk: The Bonds bear interest at a fixed rate and therefore involve the risk that subsequent changes in market interest rates may adversely affect the value of the Bonds.
Exchange rate risks and exchange controls: The Issuer will pay principal and interest on the Bonds in Sterling. This presents certain risks relating to currency conversions if an investor's financial activities are denominated principally in a currency or currency unit (the Investor's Currency) other than Sterling. These include the risk that exchange rates may significantly change (including changes due to devaluation of Sterling or revaluation of the Investor's Currency) and the risk that authorities with jurisdiction over the Investor's Currency may impose or modify exchange controls. An appreciation in the value of the Investor's Currency relative to Sterling would decrease (1) the Investor's Currency-equivalent yield on the Bonds, (2) the Investor's Currency-equivalent value of the principal payable on the Bonds and (3) the Investor's Currency-equivalent market value of the Bonds.
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Government and monetary authorities may impose (as some have done in the past) exchange controls that could adversely affect an applicable exchange rate. As a result, investors may receive less interest or principal than expected, or no interest or principal.
Credit ratings may not reflect all risks: It is expected that the Bonds will be rated "Aa2" by Moody's and "AA-" by S&P. These ratings may not reflect the potential impact of all risks related to the Issuer, market and other factors that may affect the value of the Bonds. A credit rating is not a recommendation to buy, sell or hold securities and may be revised, suspended or withdrawn by the assigning rating agency at any time. In particular, on 15th February, 2012, Moody's took action in respect of selected European sub-sovereign issuers (including amending the outlook from stable to negative for all Moody's rated Registered Providers of Social Housing) on the view that Registered Providers of Social Housing are linked to the national government through financial, operational and economic factors. The relevant ratings (including the baseline credit assessment) of the Issuer remain unchanged. As with any rated entity, the rating of the Issuer (and, accordingly, the rating of the Bonds) may be susceptible to further adjustments (whether upward or downward) and in particular any adjustments which may be made as a result of a credit rating agency's methodology as applied to the Issuer.
As of the date of this Offering Circular, Moody's is not established in the European Union and has not applied for registration under Regulation (EC) No. 1060/2009 (as amended) (the CRA Regulation). However, the application for registration under the CRA Regulation of Moody's Investors Service Limited, which is established in the European Union and is registered under the CRA Regulation (and, as such is included in the list of credit rating agencies published by the European Securities and Markets Authority (ESMA) on its website in accordance with the CRA Regulation), disclosed the intention to endorse the global sale credit ratings assigned by its non-EU entities, including Moody's. While notification of the corresponding endorsement decision has not yet been provided by the relevant competent authority, ESMA has indicated that a transitional period ending on 30th April, 2012 shall apply with respect to ratings intended to be endorsed. As of the date of this Offering Circular, S&P is established in the European Union and is registered under the CRA Regulation. As such S&P is included in the list of credit rating agencies published by the European Securities and Markets Authority on its website in accordance with the CRA Regulation.
Legal investment considerations may restrict certain investments: The investment activities of certain investors are subject to legal investment laws and regulations, or review or regulation by certain authorities. Each potential investor should consult its legal advisers to determine whether and to what extent (1) the Bonds are legal investments for it, (2) the Bonds can be used as collateral for various types of borrowing and (3) other restrictions apply to its purchase or pledge of the Bonds. Financial institutions should consult their legal advisers or the appropriate regulators to determine the appropriate treatment of the Bonds under any applicable risk-based capital or similar rules.
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TERMS AND CONDITIONS OF THE BONDS
The following is the text of the Terms and Conditions which will be endorsed on the Bonds in definitive form. Bonds in definitive form will only be issued in certain limited circumstances. For a summary of the provisions relating to the Bonds in global form see "Form of the Bonds and Summary of Provisions relating to the Bonds while in Global Form" below.
The £250,000,000 4.625 per cent. Secured Bonds due 2033 (the Bonds, which expression shall in these Conditions, unless the context otherwise requires, include any further bonds issued pursuant to Condition 18 (Further Issues) and forming a single series with the Bonds) of London & Quadrant Housing Trust (the Issuer) are constituted by a Trust Deed dated 5th April, 2012 (as amended and/or supplemented and/or restated from time to time, the Trust Deed) made between the Issuer and Prudential Trustee Company Limited (the Trustee, which expression shall include its successor(s)) as trustee for the holders of the Bonds (the Bondholders) and the holders of the interest coupons appertaining to the Bonds (the Couponholders and the Coupons respectively, which expressions shall, unless the context otherwise requires, include the talons for further interest coupons (the Talons) and the holders of the Talons).
The statements in these Conditions include summaries of, and are subject to, the detailed provisions of and definitions in the Trust Deed. The Bonds have the benefit of an Agency Agreement (such Agency Agreement as amended and/or supplemented and/or restated from time to time, the Agency Agreement) dated 5th April, 2012 and made between the Issuer, the Trustee, BNP Paribas Securities Services, Luxembourg Branch as principal paying agent (the Principal Paying Agent, which expression shall include any successor agent) and the other paying agents named therein (together with the Principal Paying Agent, the Paying Agents, which expression shall include any additional or successor paying agents).
Copies of the Trust Deed and the Agency Agreement are available for inspection during normal business hours by the Bondholders and the Couponholders at the principal office for the time being of the Trustee, being at the date of issue of the Bonds at Laurence Pountney Hill, London EC2R 0HH, and at the specified office of each of the Paying Agents. The Bondholders and the Couponholders are entitled to the benefit of, are bound by, and are deemed to have notice of, all the provisions of the Trust Deed and the Agency Agreement applicable to them.
1. DEFINITIONS
Words and expressions defined in the Trust Deed or the Agency Agreement shall have the same meanings where used in the Conditions unless the context otherwise requires or unless otherwise stated.
In these Conditions:
Account Agreement means the Account Agreement dated 5th April, 2012 between the Issuer, the Trustee and the Account Bank, as amended and/or supplemented and/or restated from time to time;
Account Bank means Barclays Bank PLC as account bank under the Account Agreement and any successor account bank appointed thereunder;
Additional Property Conditions Precedent means the documents listed in Schedule 10 (Additional Property Conditions Precedent) to the Trust Deed;
Appointee means any attorney, manager, agent, delegate, nominee, custodian, receiver or other person appointed by the Trustee under, or pursuant to, these Conditions or the Trust Deed;
Asset Cover Test means the financial covenant set out in Condition 5.3 (Asset Cover Covenant);
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Authorised Signatory means, in respect of the Issuer, a board member, the secretary or any senior executive officer of the Issuer;
Business Day means a day (other than a Saturday or Sunday) on which banks are open for general business in London;
Charged Account means an account in the name of the Issuer established pursuant to the Account Agreement which is charged in favour of the Trustee pursuant to the Trust Deed;
Charged Cash means, at any time, the aggregate of all amounts standing to the credit of the Charged Account at such time;
Compliance Certificate means a certificate, signed by two Authorised Signatories of the Issuer, substantially in the form set out in Schedule 5 (Form of Compliance Certificate) to the Trust Deed setting out, inter alia, calculations in respect of the Asset Cover Test;
continuing means, in respect of an Event of Default, that such Event of Default is continuing unremedied and unwaived to the satisfaction of the Trustee;
Desk Top Valuation means, in relation to the Mortgaged Properties, a valuation of those properties conducted in accordance with the same methodology as a Full Valuation addressed to, inter alios, the Trustee provided by a Valuer on a "desk-top" basis;
EUV-SH means a valuation made on the basis of existing use value for social housing ("EUV-SH") as defined by UKVS1.13 Valuations for registered social landlords of the RICS Valuation Standards – Global and UK 7th Edition (or, if a subsequent edition of the RICS Valuation Standards has been published at the relevant time, the relevant valuation standard of the then most recently published edition of RICS Valuation Standards) or, if the RICS Valuation Standards are no longer published at such time, on a basis agreed between the Issuer, the Trustee and a Valuer, and EUV-SH Mortgaged Properties shall be construed accordingly;
Event of Default has the meaning given to it in Condition 12.1 (Events of Default);
Financial Year means each 12 month period ending on 31st March;
Fixtures means, in relation to any freehold or leasehold property charged by or pursuant to the Trust Deed, all fixtures and fittings (including trade fixtures and fittings) and fixed plant and machinery from time to time thereon owned by the Issuer;
Full Valuation means, in relation to the Mortgaged Properties, the New Additional Properties or the New Substitute Properties, a valuation of those properties addressed to, inter alios, the Trustee provided by a Valuer containing such information as is relevant to the portfolio of the Mortgaged Properties, the New Additional Properties or the New Substitute Properties, as the case may be, and showing the value of the properties on the basis of EUV-SH and/or MV-ST (to the extent applicable) or, where agreed between the Trustee and the Issuer, a letter from the relevant Valuer confirming that there have been no material changes in respect of a previous Full Valuation given by such Valuer in respect of such properties;
Insurances means all contracts and policies of insurance of whatever nature which are from time to time taken out by or with the authority and on behalf of the Issuer in connection with the Mortgaged Property;
Letting Documents means any lease, tenancy or licence to occupy, or any agreement for any of the same, from time to time granted or entered into by the Issuer or any predecessor in title of the Issuer to
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which a Mortgaged Property may be subject from time to time and any licence, consent or approval given thereunder;
Minimum Value means:
100115105
xBA
where:
A = the Value of the residential EUV-SH Mortgaged Properties determined on the basis of EUV-SH; and
B = the Value of the residential MV-ST Mortgaged Properties determined on the basis of MV-ST.
For the avoidance of doubt, the Mortgaged Properties shall be treated as EUV-SH Mortgaged Properties for the purpose of determining the Minimum Value unless and until a Value, determined on the basis of MV-ST, is given by a Valuer in respect of such Mortgaged Properties and the Valuer has confirmed that it has reviewed a Certificate of Title in respect of each such Mortgaged Property certifying that it may be disposed of by the Issuer on an unfettered basis (meaning subject to any existing tenancies but otherwise with vacant possession and not subject to any security interest, option or other encumbrance or to any restriction preventing its sale to, or use by, any person for residential use);
Mortgaged Properties means the property legally mortgaged and any other freehold or leasehold property charged by way of first fixed charge pursuant to the Trust Deed;
MV-ST means a valuation made on the basis of the current Market Value as defined by VS 3.2 of the RICS Valuation Standards- Global and UK 7th Edition (or, if a subsequent edition of the RICS Valuation Standards has been published at the relevant time, the relevant valuation standard of the then most recently published edition of the RICS Valuation Standards) (effectively, in these circumstances, based on the fact that the properties are subject to existing tenancies but are not restricted to use as social housing let at sub-market rents, and that any units that become vacant may be sold with vacant possession) or, if the RICS Valuation Standards are no longer published at such time, on a basis agreed between the Issuer, the Trustee and a Valuer;
MV-ST Mortgaged Properties means the Mortgaged Properties accepted as such in accordance with the provisions of the Trust Deed;
New Additional Properties has the meaning given to it in Condition 6.1 (Addition of New Mortgaged Properties);
New Property Approval Certificate means a certificate, signed by two Authorised Signatories of the Issuer, substantially in the form set out in Schedule 6 (Form of New Property Approval Certificate) to the Trust Deed;
New Substitute Properties has the meaning given to it in Condition 6.2 (Substitution of Mortgaged Properties);
Permitted Reorganisation means any amalgamation, merger, consolidation or transfer of engagements of the whole of the Issuer's property (including, for the avoidance of doubt, any statutory procedure as provided for under the Industrial and Provident Societies Act 1965) made between the Issuer (Party A) and any other entity (Party B) provided that (a) any new amalgamated entity to be created as a result thereof will be a Registered Provider of Social Housing at the time when such Permitted Reorganisation becomes effective; (b) following any such amalgamation, merger,
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consolidation or transfer of engagements in respect of which the property of Party A (including, for the avoidance of doubt, any liabilities) shall become vested in such Party B or new amalgamated entity, Party B or such new amalgamated entity, as the case may be, will thereafter be responsible for all the liabilities of Party A pursuant to the Industrial & Provident Societies Act 1965; and (c) a certificate executed by two authorised signatories of Party A or Party B confirming the above is provided to the Trustee;
Potential Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the forming of an opinion and/or the fulfilment of any similar condition, would constitute an Event of Default;
Property Release Certificate means a certificate, signed by two Authorised Signatories of the Issuer, substantially in the form set out in Schedule 8 (Form of Property Release Certificate) to the Trust Deed;
Registered Provider of Social Housing means a person listed in the register of providers of social housing established under Chapter 3 of Part 2 of the Housing and Regeneration Act 2008 or any replacement or successor legislation thereto;
Regulator means the Regulation Committee of the Homes and Communities Agency constituted pursuant to the Housing and Regeneration Act 2008, as amended by the Localism Act 2011, or any similar future authority or authorities carrying on substantially the same regulatory and/or supervisory functions;
Relevant Date means the date on which the payment first becomes due but, if the full amount of the money payable has not been received by the Principal Paying Agent or the Trustee on or before the due date, it means the date on which, the full amount of the money having been so received, notice to that effect has been duly given to the Bondholders by the Issuer in accordance with Condition 14 (Notices);
Relevant Jurisdiction means the United Kingdom or any political subdivision or any authority thereof or therein having power to tax or any other jurisdiction or any political subdivision or any authority thereof or therein having power to tax to which the Issuer becomes subject in respect of payments made by it of principal and interest on the Bonds and Coupons;
Right to Buy means the right of a tenant of a property:
(a) to buy that property from the Issuer under section 180 of the Housing and Regeneration Act 2008 or under Part V of the Housing Act 1985 (or any similar right replacing those rights) or under any contract conferring such a right and including, without limitation, such rights preserved notwithstanding any previous transfers of that property to the Issuer from any local authority;
(b) to acquire an interest in that property from the Issuer by means of a shared-ownership lease where the terms of any such lease comply with the regulatory requirements of the Regulator or have been approved by the Issuer; or
(c) to buy or acquire an interest in that property from the Issuer under any voluntary scheme approved by the Issuer;
Rules means the rules of the Issuer, as amended from time to time;
Secured Parties means the Trustee (for itself and on behalf of the Bondholders), the Principal Paying Agent, the other Paying Agents and the Account Bank;
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Security has the meaning given to it in Condition 4 (Security);
Security Assets has the meaning given to it in Condition 4 (Security);
Shared Ownership Property means any properties acquired by the Issuer then being occupied on shared ownership terms or in respect of which the Issuer grants a lease on shared ownership terms so that the Issuer holds, or is intending to hold upon disposal on shared ownership terms, less than 100 per cent. of the beneficial (or heritable) interest in that property and the purchaser of the balance of that beneficial (or heritable) interest has the right to acquire a further portion of the Issuer's retained beneficial (or heritable) interest;
Shared Ownership Sale means the disposal of the whole or any interest in a unit of residential accommodation by the Issuer (or of the retained interest of the Issuer in any unit of residential accommodation) which, immediately before the disposal, was comprised in a Shared Ownership Property;
Social HomeBuy has the meaning given to that term in the Local Authorities (Capital Finance and Accounting) (Amendment) (England) Regulations 2006;
Social Housing Grant means a grant payable under section 50 of the Housing Act 1988 or sections 19 and 32 to 35 of the Housing and Regeneration Act 2008 or section 126 of the Housing Grants Construction and Regeneration Act 1996 or any replacement or substitute grant payable under any other law applicable to Registered Providers of Social Housing;
Statutory Disposal means a Shared Ownership Sale, the exercise of a Right to Buy, a Social HomeBuy disposal or any other disposal of a Mortgaged Property where it is required that some or all of the relevant disposal proceeds be credited to the disposal proceeds fund (as defined in section 177 of the Housing and Regeneration Act 2008) of the Issuer;
Statutory Disposal Certificate means a certificate, signed by two Authorised Signatories of the Issuer, substantially in the form set out in Schedule 9 (Form of Statutory Disposal Certificate) to the Trust Deed;
Subsidiary has the meaning given to that term in section 271 of the Housing and Regeneration Act 2008 and, in relation to the Issuer, means an entity of which a person has direct and indirect control or owns directly or indirectly more than 50 per cent. of the voting capital or similar rights of ownership and control for this purpose means the powers to direct the management and the policies of the entity whether through the ownership of voting capital, by contract or otherwise;
Substitute Property Certificate means a certificate, signed by two Authorised Signatories of the Issuer, substantially in the form set out in Schedule 7 (Form of Substitute Property Certificate) to the Trust Deed;
Supplemental Trust Deed means each fixed legal charge executed by the Issuer in favour of the Trustee entered into after the date of the Trust Deed in respect of additional properties, substantially in the form set out in Schedule 11 (Form of Supplemental Trust Deed) to the Trust Deed;
Transaction Documents means the Trust Deed, the Agency Agreement and the Account Agreement;
Transaction Party means any person who is a party to a Transaction Document;
Value means, at any time and in relation to the Mortgaged Properties, the value of those properties as shown in the then latest Full Valuation or Desk Top Valuation on the basis of EUV-SH or, as the case may be, MV-ST (provided that if any Mortgaged Property or part thereof is sold pursuant to a Right to Buy, the Value of the relevant Mortgaged Property shall, for the purposes of this definition and with
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effect from the date of the relevant sale or release, be zero (if the entire relevant Mortgaged Property has been sold) or (if only part of the Issuer's interest in the relevant Mortgaged Property has been sold) shall be the proportion of the value of the Mortgaged Property which has not been sold pursuant to the relevant Right to Buy); and
Valuer means DTZ Debenham Tie Leung Limited or such other reputable firm of surveyors which is a member of the Royal Institute of Chartered Surveyors as may be appointed by the Issuer or the Trustee from time to time.
2. FORM, DENOMINATION AND TITLE
The Bonds are in bearer form, serially numbered, in the denominations of £100,000 and integral multiples of £1,000 in excess thereof up to and including £199,000, with Coupons and Talons attached on issue. No Bonds will be issued with a denomination above £199,000.
Title to the Bonds and to the Coupons will pass by delivery. The Issuer, any Paying Agent and the Trustee may (to the fullest extent permitted by applicable laws) deem and treat the bearer of any Bond or Coupon as the absolute owner for all purposes (whether or not the Bond or Coupon shall be overdue and notwithstanding any notice of ownership or writing on the Bond or Coupon or any notice of previous loss or theft of the Bond or Coupon or of any trust or interest therein) and shall not be required to obtain any proof thereof or as to the identity of such bearer.
3. STATUS
The Bonds and the Coupons are direct obligations of the Issuer, secured in the manner set out in Condition 4 (Security), and rank pari passu without any preference or priority among themselves.
4. SECURITY
4.1 Security
The Issuer's obligations in respect of the Bonds are secured (subject as provided in these Conditions and the Trust Deed) pursuant to the Trust Deed in favour of the Trustee for the benefit of itself and the Bondholders and the other Secured Parties as follows:
(a) by way of a first legal mortgage over the Mortgaged Properties together with all buildings and Fixtures thereon, the proceeds of sale of all or any part thereof and (so far as the same are capable of being mortgaged) the benefit of any covenants for title given or entered into by any predecessor in title of the Issuer and any moneys paid or payable in respect of such covenants;
(b) by way of first fixed charge over:
(i) all fixed plant and machinery now or in the future owned by the Issuer and its interest in any fixed plant or machinery in its possession, in each case which form part of the Mortgaged Property;
(ii) all benefits in respect of the Insurances and all claims and returns of premiums in respect thereof;
(iii) the benefit of all present and future licences, consents and authorisations (statutory or otherwise) held in connection with its business so far as it relates to the Security Assets or the use of any of the Security Assets specified in paragraph (a) and subparagraph (i) above and the right to recover and receive all compensation which may at any time become payable to it in respect thereof; and
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(iv) if and in so far as the legal mortgages set forth in paragraph (a) above or the assignments referred to in paragraph (c) shall for any reason be ineffective as legal mortgages or assignments, the assets referred to in those clauses;
(c) by an assignment by way of security of the Issuer's rights, title and interest arising under:
(i) the personal agreements and covenants by the tenants, lessees, licensees or other parties under the Letting Documents and by all guarantors in respect thereof and all security held by the Issuer in respect of the obligations of the tenants, lessees, licensees or other parties under the Letting Documents (including, without limiting the generality of the foregoing, all moneys due and owing to the Issuer or which may become due and owing to the Issuer at any time in the future in connection therewith); and
(ii) all agreements, now or from time to time entered into or to be entered into for the sale, letting or other disposal or realisation of, or in connection with the management, ownership, refurbishment, development, repair, improvement or servicing of, the whole or any part of the Security Assets (including, without limiting the generality of the foregoing, all moneys due and owing to the Issuer or which may become due and owing to the Issuer at any time in the future in connection therewith);
(d) by a charge by way of first fixed charge over all moneys from time to time standing to the credit of the Charged Account and all debts represented thereby;
(e) by an assignment by way of security of the Issuer's rights, title and interest arising under the Agency Agreement and the Account Agreement, in each case to the extent they relate to the Bonds; and
(f) by a charge by way of first fixed charge over all sums held from time to time by the Paying Agents for the payment of principal, premium or interest in respect of the Bonds.
provided always that, unless and until an Event of Default has occurred and is continuing (but subject to the terms of the Transaction Documents), the Issuer shall be entitled to exercise all its rights and claims under or in connection with the agreements and covenants referred to in paragraphs (c) and (e) above, and provided further that the Trustee shall not give, or require the Issuer to give, any notice of any assignment contained in this Condition 4.1 to any person unless and until an Event of Default has occurred and is continuing.
The property charged and assigned pursuant to the Trust Deed listed in (a) to (f) above, together with any other property or assets held by and/or assigned to the Trustee and/or any deed or document supplemental thereto, is referred to herein as the Security Assets and the security created thereby, the Security.
4.2 Post-enforcement
Following the enforcement of the Security, all monies standing to the credit of the Charged Account and the net proceeds of enforcement of the Security shall be applied in the following order of priority:
(a) first, in payment or satisfaction of the fees, costs, charges, expenses and liabilities incurred by the Trustee, any Appointee or any receiver in preparing and executing the trusts under the Trust Deed (including the costs of realising the Security and the Trustee's and such receiver's remuneration);
(b) second, in payment of all amounts owing to the Paying Agents under the Agency Agreement and the Account Bank under the Account Agreement on a pro rata and pari passu basis;
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(c) third, in payment, on a pro rata and pari passu basis, to the Bondholders of any interest, principal and premium due and payable in respect of the Bonds; and
(d) fourth, in payment of the surplus (if any) to the Issuer or any other person entitled thereto.
5. COVENANTS
5.1 General Covenant
The Issuer covenants to comply with its various undertakings set out in the Trust Deed including, but not limited to, undertakings as to the maintenance of the Mortgaged Properties.
5.2 Negative Pledge and Disposals
The Issuer covenants, for so long as any of the Bonds remain outstanding, not to create or permit to subsist, over any of the Security Assets, any mortgage or charge or any other security interest ranking in priority to, or pari passu with, the Security, excluding, for this purpose any security interest created by operation of law.
The Issuer also covenants that it shall not sell, transfer, grant or lease or otherwise dispose of all or any part of the Security Assets without the prior written consent of the Trustee or as permitted under these Conditions and the Trust Deed.
5.3 Asset Cover Covenant
The Issuer covenants, for so long as any of the Bonds remain outstanding, that it shall at all times ensure that the sum of:
(a) the Minimum Value of the Mortgaged Properties; and
(b) the Charged Cash,
will not be less than the aggregate principal amount of the Bonds outstanding.
5.4 Valuations
The Issuer covenants, for so long as any of the Bonds remain outstanding, that:
(a) it shall deliver a Full Valuation to the Trustee at least once in every period of five calendar years (beginning in 2017) and, unless the Trustee agrees otherwise, such Full Valuation must be delivered in the period between 31st March and the date falling 60 days after 31st March in each year that such Full Valuation is required to be delivered; and
(b) it shall deliver to the Trustee a Desk Top Valuation in the period between 31st March and the date falling 120 days thereafter in each year (beginning in 2013) other than a year in respect of which a Full Valuation is required to be delivered pursuant to paragraph (a) above.
Each Valuation shall set out in reasonable detail the Value of the Mortgaged Properties as at a date no more than 90 days prior to the date of delivery of the Valuation.
5.5 Information Covenant
For so long as any of the Bonds remain outstanding, the Issuer shall:
(a) send to the Trustee not later than 180 days after the end of each Financial Year:
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(i) a copy of its own and its consolidated audited financial statements for such Financial Year; and
(ii) a Compliance Certificate,
and, upon request by any Bondholder to the Issuer, make copies of such documents available to the Bondholders at the Issuer's registered office during normal business hours; and
(b) at the request of Bondholders holding not less than 33 per cent. in principal amount of the Bonds for the time being outstanding, convene a meeting of the Bondholders to discuss the financial position of the Issuer, provided, however, that the Issuer shall not be required to convene any such meeting pursuant to this Condition 5.5(b) more than once in any calendar year. Upon the request of Bondholders to convene any such meeting, as aforesaid, the Issuer shall notify all Bondholders of the date (which such date shall be no more than 21 days following such request), time and place of the meeting in accordance with Condition 14 (Notices). The Issuer shall act in good faith in addressing any questions regarding its financial position raised at any such meeting, provided, however, that the Issuer shall not be obliged to disclose any information which it, in its absolute discretion, considers to be of a confidential nature. For the avoidance of doubt, the provisions of this Condition 5.5(b) are in addition to the meetings provisions set out in Condition 16 (Meetings of Bondholders, Modification, Waiver, Authorisation and Determination).
6. ADDITION, SUBSTITION AND RELEASE OF MORTGAGED PROPERTIES AND CHARGED CASH
6.1 Addition of New Mortgaged Properties
The Issuer may charge additional properties as Mortgaged Properties (the New Additional Properties) pursuant to the Trust Deed subject to:
(a) the delivery by the Issuer to the Trustee of:
(i) a completed New Property Approval Certificate certifying that, inter alia, the New Additional Properties are residential properties of a type and nature that are usually owned by Registered Providers of Social Housing;
(ii) a Full Valuation in relation to the New Additional Properties prepared by the Valuer dated no earlier than three months prior to the date on which the New Additional Properties are to be charged; and
(iii) the Additional Property Conditions Precedent in respect of the New Additional Properties; and
(b) the execution of a Supplemental Trust Deed in respect of the New Additional Properties.
6.2 Substitution of Mortgaged Properties
The Issuer may substitute any one or more of the Mortgaged Properties (the Substitute Properties) with other properties (the New Substitute Properties) subject to:
(a) the delivery by the Issuer to the Trustee of:
(i) a completed Substitute Property Certificate certifying, inter alia, that the New Substitute Properties are residential properties of a type and nature that are usually owned by Registered Providers of Social Housing, that the Issuer is (as at the date of
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the Substitute Property Certificate) in compliance with the Asset Cover Test and that, immediately following the substitution, the Issuer will be in compliance with the Asset Cover Test;
(ii) a Full Valuation in relation to the New Substitute Properties and the Substitute Properties prepared by the Valuer dated no earlier than three months prior to the date on which the New Substitute Properties are to be charged; and
(iii) the Additional Property Conditions Precedent in respect of the New Substitute Properties; and
(b) the execution of a Supplemental Trust Deed in respect of the New Substitute Properties.
6.3 Release of Mortgaged Properties
The Issuer may withdraw any one or more of the Mortgaged Properties from the Security, provided that the Issuer delivers to the Trustee a completed Property Release Certificate, certifying that the Issuer is (as at the date of the Property Release Certificate) in compliance with the Asset Cover Test and that, immediately following such release, the Issuer will be in compliance with the Asset Cover Test.
6.4 Statutory Disposals
The Issuer shall have the right to withdraw Mortgaged Property from the Security pursuant to any Statutory Disposal, provided however, that the Issuer shall deliver to the Trustee, as soon as reasonably practicable after the Issuer has received notice of such Statutory Disposal, a completed Statutory Disposal Certificate, certifying that the relevant withdrawal relates to a Statutory Disposal.
Without prejudice to the aforementioned right to withdraw Mortgaged Property from the Security pursuant to any Statutory Disposal, the Issuer covenants that, if following such withdrawal the Issuer will no longer be in compliance with the Asset Cover Test, it shall, as soon as practicable thereafter (and, in any event, prior to the expiry of the applicable grace period in Condition 12.1(c)), charge additional properties as Mortgaged Properties pursuant to Condition 6.1 (Addition of New Mortgaged Properties) and/or deposit money into the Charged Account pursuant to Condition 6.5 (Charged Cash) in an aggregate amount sufficient to ensure that the Issuer will be in compliance with the Asset Cover Test.
6.5 Charged Cash
The Issuer may, at any time, deposit money into the Charged Account to ensure compliance with the Asset Cover Test. The Issuer may only withdraw Charged Cash from the Charged Account if:
(a) the Issuer is, at the relevant time, in compliance with the Asset Cover Test; and
(b) either:
(i) such Charged Cash is to be applied by the Issuer in the acquisition of a property which is to be charged in favour of the Trustee pursuant to the Trust Deed and, immediately following the acquisition and charging of such property, the Issuer will be in compliance with the Asset Cover Test; or
(ii) such Charged Cash is to be used for any other purpose permitted by its Rules and, immediately following the withdrawal, the Issuer will be in compliance with the Asset Cover Test.
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For these purposes, the Trustee may call for and shall be at liberty to accept a certificate signed by any two Authorised Signatories of the Issuer (including, for the avoidance of doubt, a Compliance Certificate), as sufficient evidence that (i) the Issuer is, at the relevant time, in compliance with the Asset Cover Test and/or (ii) the requirements of (a) or (b) above, as the case may be, are met.
7. INTEREST
7.1 Interest Rate and Interest Payment Dates
The Bonds bear interest from (and including) 5th April, 2012 at the rate of 4.625 per cent. per annum, payable semi-annually in arrear in equal instalments on 5th June and 5th December in each year (each an Interest Payment Date), commencing on 5th June, 2012. Interest payable on the first Interest Payment Date shall be payable in respect of the period from (and including) 5th April, 2012 to (but excluding) 5th June, 2012 in an amount equal to £7.71 per £1,000 principal of Bonds.
7.2 Interest Accrual
Each Bond will cease to bear interest from (and including) its due date for redemption unless, upon due presentation, payment of the principal in respect of the Bond is improperly withheld or refused or unless default is otherwise made in respect of payment, in which event interest shall continue to accrue as provided in the Trust Deed.
7.3 Calculation of Broken Interest
When interest is required to be calculated in respect of a period of less than a full half year, it shall be calculated on the basis of (a) the actual number of days in the period from (and including) the date from which interest begins to accrue (the Accrual Date) to (but excluding) the date on which it falls due divided by (b) the actual number of days from and including the Accrual Date to but excluding the next following Interest Payment Date multiplied by 2, and multiplying this by the rate of interest specified in Condition 7.1 above and the relevant principal amount of the Bonds.
8. PAYMENTS AND EXCHANGES OF TALONS
8.1 Payments in respect of Bonds
Payments of principal and interest in respect of each Bond will be made against presentation and surrender (or, in the case of part payment only, endorsement) of the Bond, except that payments of interest due on an Interest Payment Date will be made against presentation and surrender (or, in the case of part payment only, endorsement) of the relevant Coupon, in each case at the specified office outside the United States of any of the Paying Agents.
8.2 Method of Payment
Payments will be made by credit or transfer to an account in Sterling maintained by the payee with or, at the option of the payee, by a cheque in Sterling drawn on, a bank in London.
8.3 Missing Unmatured Coupons
Each Bond should be presented for payment together with all relative unmatured Coupons (which expression shall, for the avoidance of doubt, include Coupons falling to be issued on exchange of matured Talons), failing which the full amount of any relative missing unmatured Coupon (or, in the case of payment not being made in full, that proportion of the full amount of the missing unmatured Coupon which the amount so paid bears to the total amount due) will be deducted from the amount due for payment. Each amount so deducted will be paid in the manner mentioned above against presentation and surrender (or, in the case of part payment only, endorsement) of the relative missing
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Coupon at any time before the expiry of 10 years after the Relevant Date in respect of the relevant Bond (whether or not the Coupon would otherwise have become void pursuant to Condition 11 (Prescription)) or, if later, five years after the date on which the Coupon would have become due but not thereafter.
8.4 Payments subject to Applicable Laws
Payments in respect of principal and interest on the Bonds are subject in all cases to any fiscal or other laws and regulations applicable in the place of payment, but without prejudice to the provisions of Condition 10 (Taxation).
8.5 Payment only on a Presentation Date
A holder shall be entitled to present a Bond or Coupon for payment only on a Presentation Date and shall not, except as provided in Condition 7 (Interest), be entitled to any further interest or other payment if a Presentation Date is after the due date.
Presentation Date means a day which (subject to Condition 11 (Prescription)):
(a) is or falls after the relevant due date;
(b) is a Business Day in the place of the specified office of the Paying Agent at which the Bond or Coupon is presented for payment; and
(c) in the case of payment by credit or transfer to a Sterling account in London, is a Business Day in London.
In this Condition, Business Day means, in relation to any place, a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in that place.
8.6 Exchange of Talons
On and after the Interest Payment Date on which the final Coupon comprised in any Coupon sheet matures, the Talon comprised in the Coupon sheet may be surrendered at the specified office of any Paying Agent in exchange for a further Coupon sheet (including any appropriate further Talon), subject to the provisions of Condition 11 (Prescription). Each Talon shall, for the purposes of these Conditions, be deemed to mature on the Interest Payment Date on which the final Coupon comprised in the relative Coupon sheet matures.
8.7 Initial Paying Agents
The names of the initial Paying Agents and their initial specified offices are set out at the end of these Conditions. The Issuer reserves the right, subject to the prior written approval of the Trustee, at any time to vary or terminate the appointment of any Paying Agent and to appoint additional or other Paying Agents provided that:
(a) there will at all times be a Principal Paying Agent;
(b) there will at all times be at least one Paying Agent (which may be the Principal Paying Agent) having its specified office in a European city which so long as the Bonds are admitted to official listing on the London Stock Exchange shall be London or such other place as the UK Listing Authority may approve; and
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(c) the Issuer undertakes that it will ensure that it maintains a Paying Agent in a Member State of the European Union that is not obliged to withhold or deduct tax pursuant to European Council Directive 2003/48/EC or any law implementing or complying with, or introduced in order to conform to, such Directive.
Notice of any termination or appointment and of any changes in specified offices will be given to the Bondholders promptly by the Issuer in accordance with Condition 14 (Notices).
In acting under the Agency Agreement, the Paying Agents act solely as agents of the Issuer and, in certain circumstances specified therein, of the Trustee and do not assume any obligation to, or relationship of agency or trust with, any Bondholders or Couponholders. The Agency Agreement contains provisions permitting any entity into which any Paying Agent is merged or converted or with which it is consolidated or to which it transfers all or substantially all of its assets to become the successor paying agent.
9. REDEMPTION AND PURCHASE
9.1 Redemption at Maturity
Unless previously redeemed or purchased and cancelled as provided below, the Issuer will redeem the Bonds at their principal amount on 5th December, 2033.
9.2 Redemption for Taxation Reasons
If the Issuer satisfies the Trustee immediately before the giving of the notice referred to below that:
(a) as a result of any change in, or amendment to, the laws or regulations of the Relevant Jurisdiction, or any change in the application or official interpretation of the laws or regulations of the Relevant Jurisdiction, which change or amendment becomes effective after 3rd April, 2012, on the next Interest Payment Date the Issuer would be required to pay additional amounts as provided or referred to in Condition 10 (Taxation); and
(b) the requirement cannot be avoided by the Issuer taking reasonable measures available to it,
the Issuer may at its option, having given not less than 30 nor more than 60 days' notice to the Bondholders in accordance with Condition 14 (Notices) (which notice shall be irrevocable), redeem all the Bonds, but not some only, at any time at their principal amount together with interest accrued to but excluding the date of redemption, provided that no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which the Issuer would be required to pay such additional amounts, were a payment in respect of the Bonds then be due. Prior to the publication of any notice of redemption pursuant to this paragraph, the Issuer shall deliver to the Trustee a certificate signed by two Authorised Signatories of the Issuer stating that the requirement referred to in (a) above will apply on the next Interest Payment Date and cannot be avoided by the Issuer taking reasonable measures available to it, and the Trustee shall be entitled to accept the certificate as sufficient evidence of the satisfaction of the conditions precedent set out above, in which event it shall be conclusive and binding on the Bondholders and the Couponholders.
9.3 Early Redemption at the Option of the Issuer
The Issuer may, at any time, having given:
(a) not less than 15 nor more than 30 days' notice to the Bondholders in accordance with Condition 14 (Notices); and
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(b) notice to the Trustee and the Principal Paying Agent not less than 15 days before the giving of the notice referred to in (a),
(which notices shall be irrevocable and shall specify the date fixed for redemption), redeem all of the Bonds or, subject as provided in Condition 9.4 below, some only (provided, however, that in respect of a redemption in part, such redemption shall be in respect of not less than £5,000,000 in aggregate principal amount of Bonds).
Redemption of the Bonds pursuant to this Condition shall be made at the higher of the following:
(i) par; and
(ii) the amount (as calculated by a financial adviser nominated by the Issuer and approved by the Trustee (the Nominated Financial Adviser) and reported in writing to the Issuer and the Trustee) which is equal to the principal amount of the Bonds to be redeemed multiplied by the price (expressed as a percentage and calculated by the Nominated Financial Adviser) (rounded to three decimal places (0.0005 being rounded upwards)) at which the Gross Redemption Yield on the Bonds (if the Bonds were to remain outstanding until their original maturity) on the Determination Date would be equal to the sum of (i) the Gross Redemption Yield at 3:00 pm (London time) on the Determination Date of the Benchmark Gilt and (ii) 0.50 per cent.,
together with any interest accrued up to (but excluding) the date of redemption.
For the purposes of this Condition:
Benchmark Gilt means 4¼% Treasury Stock 2032 or such other conventional (i.e. not index-linked) UK Government Gilt as the Issuer (with the advice of the Nominated Financial Adviser) may determine (failing such determination, as determined by the Trustee with such advice) to be the most appropriate benchmark conventional UK Government Gilt;
Determination Date means two Business Days prior to the dispatch of the notice referred to in (a) above; and
Gross Redemption Yield means a yield calculated by the Nominated Financial Adviser on the basis set out by the United Kingdom Debt Management Office in the paper "Formulae for Calculating Gilt Prices from Yields" page 5, Section One: Price/Yield Formulae (Conventional Gilts; Double-dated and Undated Gilts with Assumed (or Actual) Redemption on a Quasi-Coupon Date) (published on 8th June, 1998 and updated on 15th January, 2002 and 16th March, 2005) (as amended or supplemented from time to time).
9.4 Provisions relating to Partial Redemption
In the case of a partial redemption of Bonds, Bonds to be redeemed will be selected, in such place as the Trustee may approve and in such manner as the Trustee may deem appropriate and fair, not more than 30 days before the date fixed for redemption. Notice of any such selection will be given not less than 15 days before the date fixed for redemption. Each notice will specify the date fixed for redemption and the aggregate principal amount of the Bonds to be redeemed, the serial numbers of the Bonds called for redemption, the serial numbers of Bonds previously called for redemption and not presented for payment and the aggregate principal amount of the Bonds which will be outstanding after the partial redemption.
9.5 Purchases
The Issuer or any of its Subsidiaries may at any time purchase Bonds (provided that all unmatured Coupons appertaining to the Bonds are purchased with the Bonds) in any manner and at any price.
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9.6 Cancellations
All Bonds which are (a) redeemed or (b) purchased by or on behalf of the Issuer or any of its Subsidiaries will forthwith be cancelled, together with all relative unmatured Coupons attached to the Bonds or surrendered with the Bonds, and accordingly may not be held, reissued or resold.
9.7 Notices Final
Upon the expiry of any notice as is referred to in paragraph 9.2 or 9.3 above the Issuer shall be bound to redeem the Bonds to which the notice refers in accordance with the terms of such paragraph.
10. TAXATION
10.1 Payment without Withholding
All payments in respect of the Bonds or Coupons by or on behalf of the Issuer shall be made without withholding or deduction for, or on account of, any present or future taxes, duties, assessments or governmental charges of whatever nature (Taxes) imposed or levied by or on behalf of the Relevant Jurisdiction, unless the withholding or deduction of the Taxes is required by law. In that event, the Issuer will pay such additional amounts as may be necessary in order that the net amounts received by the Bondholders and Couponholders after the withholding or deduction shall equal the respective amounts which would have been receivable in respect of the Bonds or, as the case may be, Coupons in the absence of the withholding or deduction; except that no additional amounts shall be payable in relation to any payment in respect of any Bond or Coupon:
(a) presented for payment by or on behalf of, a holder who is liable to the Taxes in respect of the Bond or Coupon by reason of his having some connection with the Relevant Jurisdiction other than the mere holding of the Bond or Coupon; or
(b) where such withholding or deduction is imposed on a payment to an individual and is required to be made pursuant to European Council Directive 2003/48/EC or any law implementing or complying with, or introduced in order to conform to, such Directive; or
(c) presented for payment by or on behalf of a holder who would have been able to avoid such withholding or deduction by presenting the relevant Bond or Coupon to another Paying Agent in a Member State of the European Union; or
(d) presented for payment more than 30 days after the Relevant Date except to the extent that a holder would have been entitled to additional amounts on presenting the same for payment on the last day of the period of 30 days assuming, whether or not such is in fact the case, that day to have been a Presentation Date (as defined in Condition 8 (Payments and Exchanges of Talons)).
10.2 Additional Amounts
Any reference in these Conditions to any amounts in respect of the Bonds shall be deemed also to refer to any additional amounts which may be payable under this Condition or under any undertakings given in addition to, or in substitution for, this Condition pursuant to the Trust Deed.
11. PRESCRIPTION
Bonds and Coupons (which for this purpose shall not include Talons) will become void unless presented for payment within periods of 10 years (in the case of principal or premium) and five years (in the case of interest) from the Relevant Date in respect of the Bonds or, as the case may be, the Coupons, subject to the provisions of Condition 8 (Payments and Exchanges of Talons). There shall
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not be included in any Coupon sheet issued upon exchange of a Talon any Coupon which would be void upon issue under this paragraph or Condition 8 (Payments and Exchanges of Talons).
12. EVENTS OF DEFAULT AND ENFORCEMENT
12.1 Events of Default
The Trustee at its discretion may, and if so requested in writing by the holders of at least one-fourth in principal amount of the Bonds then outstanding or if so directed by an Extraordinary Resolution shall (subject in each case to being secured and/or indemnified and/or prefunded to its satisfaction), (but, in the case of the happening of any of the events described in subparagraphs (b), (d) and (j) below, only if the Trustee shall have certified in writing to the Issuer that such event is, in its opinion, materially prejudicial to the interests of the Bondholders) give notice to the Issuer that the Bonds are, and they shall accordingly forthwith become, immediately due and repayable at their principal amount, together with accrued interest as provided in the Trust Deed, if any of the following events (Events of Default) shall occur:
(a) default is made in the payment of any principal, premium or interest due in respect of the Bonds or any of them and the default continues for a period of seven days in the case of principal or premium or 14 days in the case of interest; or
(b) the Issuer fails to perform or observe any of its other obligations under these Conditions or the Trust Deed (other than in respect of Conditions 5.3 (Asset Cover Covenant)) or if any representation given by the Issuer to the Trustee in the Trust Deed is found to be untrue or incorrect as at the time it was given and (except in any case where, in the opinion of the Trustee, the failure or inaccuracy is incapable of remedy when no such continuation or notice as is hereinafter mentioned will be required) the failure or inaccuracy continues for the period of 30 days next following the service by the Trustee on the Issuer of notice requiring the same to be remedied; or
(c) the Issuer fails to perform or observe its obligations under Conditions 5.3 (Asset Cover Covenant) and (except in any case where, in the opinion of the Trustee, the failure is incapable of remedy when no such continuation or notice as is hereinafter mentioned will be required) the failure continues for the period of 60 days next following the service by the Trustee on the Issuer of notice requiring the same to be remedied; or
(d) (A) any other present or future indebtedness of the Issuer for or in respect of moneys borrowed or raised becomes due and payable prior to its stated maturity by reason of any actual or potential default, event of default or the like (howsoever described); or
(B) any such indebtedness is not paid when due or, as the case may be, within any originally applicable grace period; or
(C) the Issuer fails to pay when due any amount payable by it under any present or future guarantee for, or indemnity in respect of, any moneys borrowed or raised,
provided that the aggregate amount of the relevant indebtedness, guarantees and indemnities in respect of which one or more of the events mentioned above in (A), (B) or (C) above have occurred equals or exceeds £10,000,000 or its equivalent in other currencies (as reasonably determined by the Trustee); or
(e) any order is made by any competent court or resolution passed for the winding up or dissolution of the Issuer save for the purposes of a reorganisation on terms previously approved in writing by the Trustee or by an Extraordinary Resolution or for the purposes of a Permitted Reorganisation; or
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(f) the Issuer ceases or threatens to cease to carry on the whole or, in the opinion of the Trustee, a substantial part of its business, save for the purposes of a reorganisation on terms previously approved in writing by the Trustee or by an Extraordinary Resolution or for the purposes of a Permitted Reorganisation; or
(g) the Issuer stops or threatens to stop payment of, or is unable to, or admits inability to, pay, its debts (or any class of its debts) as they fall due or is deemed unable to pay its debts pursuant to or for the purposes of any applicable law, or is adjudicated or found bankrupt or insolvent; or
(h) (A) proceedings are initiated against the Issuer under any applicable liquidation, insolvency, composition, reorganisation or other similar laws or an application is made (or documents filed with a court) for the appointment of an administrative or other receiver, manager, administrator or other similar official, or an administrative or other receiver, manager, administrator or other similar official is appointed, in relation to the Issuer or, as the case may be, in relation to all or substantially all of the undertaking or assets of the Issuer or an encumbrancer takes possession of all or substantially all of the undertaking or assets of the Issuer, or a distress, execution, attachment, sequestration or other process is levied, enforced upon, sued out or put in force against all or substantially all of the undertaking or assets of the Issuer; and
(B) in any such case (other than the appointment of an administrator) is not discharged within l4 days,
save for the purposes of a reorganisation on terms previously approved in writing by the Trustee or by an Extraordinary Resolution or for the purposes of a Permitted Reorganisation; or
(i) the Issuer (or its directors or shareholders) initiates or consents to judicial proceedings relating to itself under any applicable liquidation, insolvency, composition, reorganisation or other similar laws (including the obtaining of a moratorium); or
(j) the Issuer (or its directors or shareholders) makes a conveyance or assignment for the benefit of, or enters into any composition or other arrangement with, its creditors generally (or any class of its creditors) or any meeting is convened to consider a proposal for an arrangement or composition with its creditors generally (or any class of its creditors) save for the purposes of a reorganisation on terms previously approved in writing by the Trustee or by an Extraordinary Resolution or for the purposes of a Permitted Reorganisation; or
(k) it is or becomes unlawful for the Issuer to perform or comply with its obligations under the Bonds or the Trust Deed.
12.2 Enforcement
The Trustee may at any time, at its discretion and without notice, take such proceedings against the Issuer as it may think fit to enforce the provisions of the Trust Deed, the Bonds, the Coupons and/or any of the other Transaction Documents, but it shall not be bound to take any such proceedings or any other action in relation to the Trust Deed, the Bonds, the Coupons or any of the other Transaction Documents unless (a) it has been so directed by an Extraordinary Resolution of the Bondholders or so requested in writing by the holders of at least one-fourth in principal amount of the Bonds then outstanding and (b) it has been secured and/or indemnified and/or prefunded to its satisfaction.
The Trustee may refrain from taking any action in any jurisdiction if the taking of such action in that jurisdiction would, in its opinion based upon legal advice in the relevant jurisdiction, be contrary to any law of that jurisdiction. Furthermore, the Trustee may also refrain from taking such action if it would otherwise render it liable to any person in that jurisdiction or if, in its opinion based upon such
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legal advice, it would not have the power to do the relevant thing in that jurisdiction by virtue of any applicable law in that jurisdiction or if it is determined by any court or other competent authority in that jurisdiction that it does not have such power.
No Bondholder, Couponholder or Secured Party (other than the Trustee) shall be entitled to proceed directly against the Issuer unless the Trustee, having become bound so to proceed, fails so to do within a reasonable period and the failure shall be continuing.
13. REPLACEMENT OF BONDS AND COUPONS
Should any Bond or Coupon be lost, stolen, mutilated, defaced or destroyed it may be replaced at the specified office of the Principal Paying Agent upon payment by the claimant of the expenses incurred in connection with the replacement and on such terms as to evidence and indemnity as the Issuer may reasonably require. Mutilated or defaced Bonds or Coupons must be surrendered before replacements will be issued.
14. NOTICES
All notices to the Bondholders will be valid if published in a leading English language daily newspaper published in London. It is expected that publication will normally be made in the Financial Times. The Issuer shall also ensure that notices are duly published in a manner which complies with the rules and regulations of any stock exchange or the relevant authority on which the Bonds are for the time being listed or by which they have been admitted to trading. Any such notice will be deemed to have been given on the date of the first publication or, where required to be published in more than one newspaper, on the date of the first publication in all required newspapers. If, in the opinion of the Trustee, publication as provided above is not practicable, notice will be given in such other manner, and shall be deemed to have been given on such date, as the Trustee may approve.
Couponholders will be deemed for all purposes to have notice of the contents of any notice given to the Bondholders in accordance with this paragraph.
15. SUBSTITUTION
The Trust Deed contains provisions permitting the Trustee, without the consent of the Bondholders or the Couponholders or any Secured Party, to agree with the Issuer to the substitution in place of the Issuer (or of any previous substitute under this Condition) as the principal debtor under the Bonds, the Coupons and the Trust Deed of another company, industrial and provident society or other entity subject to:
(a) the Trustee being satisfied that the interests of the Bondholders will not be materially prejudiced by the substitution; and
(b) certain other conditions set out in the Trust Deed being complied with.
Any such substitution shall be notified to the Bondholders in accordance with Condition 14 (Notices) as soon as practicable thereafter.
16. MEETINGS OF BONDHOLDERS, MODIFICATION, WAIVER, AUTHORISATION AND DETERMINATION
16.1 Meetings of Bondholders
The Trust Deed contains provisions for convening meetings of the Bondholders to consider any matter affecting their interests, including the sanctioning by Extraordinary Resolution of a modification of the Bonds, the Coupons or any of the provisions of the Trust Deed. Such a meeting may be convened by
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the Issuer or the Trustee and shall be convened by the Issuer if required in writing by Bondholders holding not less than ten per cent. in principal amount of the Bonds for the time being remaining outstanding (other than in respect of a meeting requested by Bondholders to discuss the financial position of the Issuer, which shall be requested in accordance with, and shall be subject to, Condition 5.5(b) (Information Covenant)). The quorum at any such meeting for passing an Extraordinary Resolution is one or more persons holding or representing in aggregate more than 50 per cent. in principal amount of the Bonds for the time being outstanding, or at any adjourned meeting one or more persons being or representing Bondholders whatever the principal amount of the Bonds so held or represented, except that at any meeting the business of which includes any matter defined in the Trust Deed as a Basic Terms Modification, including, inter alia, modifying the date of maturity of the Bonds or any date for payment of interest thereon, reducing or cancelling the amount of principal or the rate of interest payable in respect of the Bonds or altering the currency of payment of the Bonds or the Coupons, the quorum shall be one or more persons holding or representing in aggregate not less than 75 per cent. in principal amount of the Bonds for the time being outstanding, or at any such adjourned meeting one or more persons holding or representing in aggregate not less than 25 per cent. in principal amount of the Bonds for the time being outstanding. In addition, the Trust Deed provides that (i) a resolution passed at a meeting duly convened and held in accordance with the Trust Deed by a majority consisting of not less than 75 per cent. of the votes cast on such resolution, (ii) a resolution in writing signed by or on behalf of the holders of not less than 75 per cent. in principal amount of the Bonds for the time being outstanding or (iii) consent given by way of electronic consents through the relevant clearing system(s) (in a form satisfactory to the Trustee) by or on behalf of the holders of not less than 75 per cent. in principal amount of the Bonds for the time being outstanding, shall, in each case, be effective as an Extraordinary Resolution of the Bondholders. An Extraordinary Resolution passed by the Bondholders shall be binding on all the Bondholders, whether or not (in the case of Extraordinary Resolutions passed at any meeting) they are present at any meeting and whether or not they voted on the resolution, and on all Couponholders.
16.2 Modification, Waiver, Authorisation and Determination
The Trustee may agree, without the consent of the Bondholders, Couponholders or any Secured Party, to any modification (except as stated in the Trust Deed) of, or to the waiver or authorisation of any breach or proposed breach of, any of these Conditions or any of the provisions of the Trust Deed or any other Transaction Document, or determine, without any such consent as aforesaid, that any Potential Event of Default or Event of Default shall not be treated as such (provided that, in any such case, it is not, in the opinion of the Trustee, materially prejudicial to the interests of the Bondholders) or may agree, without any such consent as aforesaid, to any modification which, in its opinion, is of a formal, minor or technical nature or to correct a manifest error or an error which is, in the opinion of the Trustee, proven.
16.3 Trustee to have regard to interests of Bondholders as a class
In connection with the exercise by it of any of its trusts, powers, authorities and discretions (including, without limitation, any modification, waiver, authorisation, determination or substitution), the Trustee shall have regard to the general interests of the Bondholders as a class but shall not have regard to any interests arising from circumstances particular to individual Bondholders or Couponholders (whatever their number) and, in particular but without limitation, shall not have regard to the consequences of any such exercise for individual Bondholders or Couponholders (whatever their number) resulting from their being for any purpose domiciled or resident in, or otherwise connected with, or subject to the jurisdiction of, any particular territory or any political sub-division thereof and the Trustee shall not be entitled to require, nor shall any Bondholder or Couponholder be entitled to claim, from the Issuer, the Trustee or any other person any indemnification or payment in respect of any tax consequence of any such exercise upon individual Bondholders or Couponholders except to the extent already provided for in Condition 10 (Taxation) and/or any undertaking given in addition to, or in substitution for, Condition 10 (Taxation) pursuant to the Trust Deed.
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16.4 Notification to the Bondholders
Any such modification, waiver, authorisation, determination or substitution shall be binding on the Bondholders, the Couponholders and the Secured Parties and (unless the Trustee agrees otherwise) shall be notified by the Issuer to the Bondholders as soon as practicable thereafter in accordance with Condition 14 (Notices).
17. INDEMNIFICATION AND PROTECTION OF THE TRUSTEE AND ITS CONTRACTING WITH THE ISSUER
The Trust Deed contains provisions for the indemnification of the Trustee and for its relief from responsibility and liability towards the Issuer, the Bondholders and the Couponholders, including (i) provisions relieving it from taking action unless secured and/or indemnified and/or prefunded to its satisfaction and (ii) provisions limiting or excluding its liability in certain circumstances. The Trustee is exempted from any liability in respect of any loss, diminution in value or theft of all or any part of the Security Assets, from any obligation to insure all or any part of the Security Assets (including, in either such case, any documents evidencing, constituting or representing the same or transferring any rights, benefits and/or obligations thereunder), or to procure the same to be insured.
The Trust Deed also contains provisions pursuant to which the Trustee is entitled, inter alia, (a) to enter into business transactions with the Issuer, any of the Issuer's Subsidiaries and/or any other Transaction Party and to act as trustee for the holders of any other securities issued or guaranteed by, or relating to, the Issuer and/or any of the Issuer's Subsidiaries, (b) to exercise and enforce its rights, comply with its obligations and perform its duties under or in relation to any such transactions or, as the case may be, any such trusteeship without regard to the interests of, or consequences for, the Bondholders, Couponholders or Secured Parties and (c) to retain and not be liable to account for any profit made or any other amount or benefit received thereby or in connection therewith.
The Trustee shall not be bound to take any step or action in connection with the Trust Deed or the Bonds or obligations arising pursuant thereto or pursuant to the other Transaction Documents, where it is not satisfied that it is indemnified and/or secured and/or prefunded against all its liabilities and costs incurred in connection with such step or action and may demand, prior to taking any such step or action, that there be paid to it in advance such sums as it considers (without prejudice to any further demand) shall be sufficient so as to indemnify it.
The Trustee shall have no responsibility for the validity, sufficiency or enforceability of the Security. The Trustee shall not be responsible for monitoring the compliance by any of the other Transaction Parties with their obligations under the Transaction Documents.
18. FURTHER ISSUES
The Issuer is at liberty from time to time without the consent of the Bondholders or Couponholders to create and issue further bonds ranking pari passu in all respects (or in all respects save for the first payment of interest thereon), secured on the same assets and so that the same shall be consolidated and form a single series with the Bonds. Any further bonds which are to form a single series with the Bonds shall be constituted by a deed supplemental to the Trust Deed.
19. CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999
No person shall have any right to enforce any term or condition of this Bond under the Contracts (Rights of Third Parties) Act 1999, but this does not affect any right or remedy of any person which exists or is available apart from that Act.
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20. GOVERNING LAW AND SUBMISSION TO JURISDICTION
20.1 Governing Law
The Trust Deed, the Bonds and the Coupons, and any non contractual obligations or matters arising from or in connection with them, shall be governed by, and construed in accordance with, English law.
20.2 Submission to Jurisdiction
The Issuer has, in the Trust Deed, irrevocably agreed for the benefit of the Trustee, the Bondholders and the Couponholders that the courts of England are to have exclusive jurisdiction to settle any disputes that may arise out of or in connection with the Trust Deed, the Bonds or the Coupons and accordingly has submitted to the exclusive jurisdiction of the English courts.
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FORM OF THE BONDS AND SUMMARY OF PROVISIONS RELATING TO THE BONDS WHILE IN GLOBAL FORM
Form of the Bonds
Form, Exchange and Payments
The Bonds will be in bearer new global note (NGN) form and will be initially issued in the form of a temporary global bond (a Temporary Global Bond) which will be delivered on or prior to the issue date of the Bonds to a common safekeeper for Euroclear Bank S.A./N.V. (Euroclear) and/or Clearstream Banking, société anonyme (Clearstream, Luxembourg).
The Bonds are intended upon issue to be deposited with BNP Paribas Securities Services, Luxembourg Branch as common safekeeper. Although the Bonds are issued in NGN form, this does not necessarily mean that the Bonds will be recognised as eligible collateral for Eurosystem monetary policy and intra-day credit operations by the Eurosystem either upon issue or at any or all times during their life. Bondholders should note that the temporary extension of Eurosystem eligibility to Sterling denominated securities ceased to be effective from 1st January, 2011. Unless and until Eurosystem eligibility is extended to Sterling denominated securities, the Bonds will not be in a form which can be recognised as eligible collateral.
Whilst the Bonds are represented by the Temporary Global Bond, payments of principal, premium, interest (if any) and any other amount payable in respect of the Bonds due prior to the Exchange Date (as defined below) will be made only to the extent that certification (in a form to be provided) to the effect that the beneficial owners of interests in the Temporary Global Bond are not U.S. persons or persons who have purchased for resale to any U.S. person, as required by U.S. Treasury regulations, has been received by Euroclear and/or Clearstream, Luxembourg and Euroclear and/or Clearstream, Luxembourg, as applicable, has given a like certification (based on the certifications it has received) to the Principal Paying Agent.
On and after the date (the Exchange Date) which is 40 days after the Temporary Global Bond is issued, interests in the Temporary Global Bond will be exchangeable (free of charge) upon a request as described therein for interests recorded in the records of Euroclear or Clearstream, Luxembourg, as the case may be, in a permanent global bond (the Permanent Global Bond and, together with the Temporary Global Bond, the Global Bonds), against certification of beneficial ownership as described above unless such certification has already been given. The holder of the Temporary Global Bond will not be entitled to collect any payment of interest, principal or other amount due on or after the Exchange Date unless, upon due certification, exchange of the Temporary Global Bond for an interest in the Permanent Global Bond is improperly withheld or refused.
Payments of principal, interest (if any) or any other amounts on the Permanent Global Bond will be made through Euroclear and/or Clearstream, Luxembourg without any requirement for certification.
On each occasion of a payment in respect of a Global Bond the Principal Paying Agent shall instruct Euroclear and Clearstream, Luxembourg to make appropriate entries in their records to reflect such payment.
The Permanent Global Bond will be exchangeable (free of charge), in whole but not in part, for definitive Bonds with interest coupons and talons attached only upon the occurrence of an Exchange Event. For these purposes, Exchange Event means that (i) an Event of Default (as defined in Condition 12.1 (Events of Default)) has occurred and is continuing, or (ii) the Issuer has been notified that both Euroclear and Clearstream, Luxembourg have been closed for business for a continuous period of 14 days (other than by reason of holiday, statutory or otherwise) or have announced an intention permanently to cease business or have in fact done so and no successor clearing system satisfactory to the Trustee is available or (iii) the Issuer has or will become subject to adverse tax consequences which would not be suffered were the Bonds represented by the Permanent Global Bond in definitive form. The Issuer will promptly give notice to Bondholders in accordance with Condition 14 (Notices) if an Exchange Event occurs. In the event of the occurrence of an Exchange Event, Euroclear and/or Clearstream, Luxembourg (acting on the instructions of any holder of an interest in such
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Permanent Global Bond) or the Trustee may give notice to the Principal Paying Agent requesting exchange and, in the event of the occurrence of an Exchange Event as described in (iii) above, the Issuer may also give notice to the Principal Paying Agent requesting exchange. Any such exchange shall occur not later than 45 days after the date of receipt of the first relevant notice by the Principal Paying Agent.
Legend concerning United States persons
The following legend will appear on all Bonds and on all interest coupons relating to the Bonds:
"ANY UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBJECT TO LIMITATIONS UNDER THE UNITED STATES INCOME TAX LAWS, INCLUDING THE LIMITATIONS PROVIDED IN SECTIONS 165(j) AND 1287(a) OF THE INTERNAL REVENUE CODE."
The sections referred to provide that United States holders, with certain exceptions, will not be entitled to deduct any loss on the Bonds or interest coupons and will not be entitled to capital gains treatment of any gain on any sale, disposition, redemption or payment of principal in respect of the Bonds or interest coupons.
Summary of Provisions relating to the Bonds while in Global Form
Notices
For so long as all of the Bonds are represented by one or both of the Global Bonds and such Global Bond(s) is/are held on behalf of Euroclear and/or Clearstream, Luxembourg, notices to Bondholders (which includes, for this purpose, any annual financial statements or Compliance Certificate required to be made available pursuant to a request by any of the Bondholders pursuant to Condition 5.5 (Information Covenant)) may be given by delivery of the relevant notice to Euroclear and/or Clearstream, Luxembourg (as the case may be) for communication to the relative Accountholders (as defined below) rather than by publication as required by Condition 14 (Notices). Any such notice shall be deemed to have been given to the holders of the Bonds on the second day after the day on which such notice was delivered to Euroclear and/or Clearstream, Luxembourg (as the case may be) as aforesaid.
For so long as all of the Bonds are represented by one or both of the Global Bonds and such Global Bond(s) is/are held on behalf of Euroclear and/or Clearstream, Luxembourg, notices to be given by any Bondholder may be given to the Principal Paying Agent through Euroclear and/or Clearstream, Luxembourg and otherwise in such manner as the Principal Paying Agent and Euroclear and/or Clearstream, Luxembourg, as the case may be, may approve for this purpose.
Accountholders
For so long as any of the Bonds is represented by a Global Bond held on behalf of Euroclear and/or Clearstream, Luxembourg, each person (other than Euroclear or Clearstream, Luxembourg) who is for the time being shown in the records of Euroclear or of Clearstream, Luxembourg as the holder of a particular principal amount of such Bonds (the Accountholder) (in which regard any certificate or other document issued by Euroclear or Clearstream, Luxembourg as to the principal amount of such Bonds standing to the account of any person shall be conclusive and binding for all purposes save in the case of manifest error) shall be treated as the holder of such principal amount of such Bonds for all purposes other than with respect to the payment of principal or interest on such principal amount of such Bonds, for which purpose the bearer of the relevant Global Bond shall be treated as the holder of such principal amount of such Bonds in accordance with and subject to the terms of the relevant Global Bond and the expressions Bondholder and holder of Bonds and related expressions shall be construed accordingly. In determining whether a particular person is entitled to a particular principal amount of Bonds as aforesaid, the Trustee may rely on such evidence and/or information and/or certification as it shall, in its absolute discretion, think fit and, if it does so rely, such evidence and/or information and/or certification shall, in the absence of manifest error, be conclusive and binding on all concerned.
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Bonds which are represented by a Global Bond will be transferable only in accordance with the rules and procedures for the time being of Euroclear and Clearstream, Luxembourg, as the case may be.
Prescription
Claims against the Issuer in respect of principal, premium and interest on the Bonds represented by a Global Bond will be prescribed after 10 years (in the case of principal or premium) and five years (in the case of interest) from the Relevant Date.
Cancellation
Cancellation of any Bond represented by a Global Bond and required by the Conditions of the Bonds to be cancelled following its redemption or purchase will be effected by entry in the records of Euroclear or Clearstream, Luxembourg, as the case may be.
Partial Call Option
For so long as all of the Bonds are represented by one or both of the Global Bonds and such Global Bond(s) is/are held on behalf of Euroclear and/or Clearstream, Luxembourg, no drawing of Bonds will be required under Condition 9.4 (Provisions relating to Partial Redemption) in the event that the Issuer exercises its call option pursuant to Condition 9.3 (Early Redemption at the Option of the Issuer) in respect of less than the aggregate principal amount of the Bonds outstanding at such time. In such event, the standard procedures of Euroclear and/or Clearstream, Luxembourg shall operate to determine which interests in the Global Bond(s) are to be subject to such option.
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USE OF PROCEEDS
The net proceeds of the issue of the Bonds (after deduction of expenses payable by the Issuer) shall be applied in furtherance of the Issuer's objects as permitted by its Rules.
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DESCRIPTION OF LONDON & QUADRANT HOUSING TRUST
Incorporation
London & Quadrant Housing Trust (the Issuer) was incorporated on 31st March, 2008 and is an exempt charity registered in England with limited liability under the Industrial and Provident Societies Acts 1965-2003 (with registered number 30441R) and is registered with the Regulator (with registered number L4517). It is also affiliated to the National Housing Federation. The registered address of the Issuer is Osborn House, Osborn Terrace, London, SE3 9DR. The telephone number of its registered address is 0844 406 9000.
General
The Issuer has operated since 1963 and now is one of the largest Registered Provider of Social Housing groups in the United Kingdom operating in London and the south east of England. The Group now consists of the Issuer as parent and principal operating entity with three active subsidiaries:
Zest Homes Limited (ZHL), a property development company whose profits are passed on to the Issuer as "gift aid" taxable surpluses. This is done pursuant to Chapter 2 of the Tax Act 2010. ZHL is a private company with limited liability registered with Companies House with number 4828168. The company has one issued fully paid share which is held by the Issuer;
Quadrant Construction Services Limited (QCS), a vehicle set up to procure construction services to group members. QCS is a private company with limited liability registered with Companies House with number 4810293. OCS has one issued fully paid share which is held by the Issuer; and
Quadrant Housing Finance Limited (QHF), a special purpose vehicle set up in 1997 to issue bonds in the debt capital markets whose proceeds have been on-lent to the Issuer. QHF is an industrial and provident society incorporated under the Industrial and Provident Societies Acts 1965 - 2003 and registered with the FSA under number 28645R.
The Issuer manages and owns over 67,000 units of accommodation throughout London and the south east of England with an estimated vacant possession value of £10.3 billion. Although the Issuer works with over 100 local authorities almost 80 per cent. of its properties are located in the London boroughs. Over the last five years the number of properties owned or managed by the Issuer has grown by 31 per cent. and turnover has increased from £193 million (as at 31st March, 2007) to £327 million (as at 31st March, 2011). Assets at cost less depreciation and impairment total £4.4 billion as at 31st March, 2011. The Issuer has a number of key accreditations including an Audit Commission rating of two stars with excellent prospects. The Issuer employs over 1,100 staff and is ranked at 32 in the Sunday Times 100 Best Companies to Work For in 2011 as well as retaining its place in the Financial Times Top 50 Great Places to Work for the seventh year running.
Business Description
The Issuer is a Registered Provider of Social Housing whose activities are regulated by the Regulator which monitors the quality of service provided and has powers to intervene where it feels that a Registered Provider of Social Housing is being inappropriately managed or is in financial difficulty. Another part of the same non-departmental Government body, the HCA, provides Government funding in the form of grants and subsidised land to qualifying businesses including the Issuer. Registered Providers of Social Housing form a key part of the provision of social housing in the United Kingdom.
The Issuer is an industrial and provident society, and, as such, is exempt from registration with the Charity Commission but nevertheless has charitable status.
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The Issuer's purpose is to provide good quality, affordable housing for people in need. Although the organisation is run as a business, any surplus is reinvested back into the organisation to maintain existing homes and to help finance new properties.
Principal Activities
The Issuer's primary business objects are to provide a wide range of products and services in the housing sector including the development of new homes at affordable rents, intermediate market rent properties, affordable residential property sales and outright open market value sales.
The Issuer is geographically focused in its area of operations to London and the south-east of England and works in partnership with a wide range of statutory and voluntary organisations to deliver a locally responsive service. This is demonstrated by the broad scope of the Issuer 's activities, which include:
providing affordable homes for people who cannot afford to rent or buy in the open market;
providing a range of housing products for the intermediate market, including shared ownership and intermediate market rent;
providing a range of supported housing services;
developing properties for outright sale to subsidise social housing;
managing student, key worker and market rent accommodation; and
investing in community development and regeneration schemes for existing properties and those transferred from local authorities to improve the quality of life in local neighbourhoods.
Business Objectives and Principles
The Issuer's activities are focussed on achieving the mission statement of "creating places where people want to live" The key objectives are set out below:
delivering what matters to tenants by maximising tenant satisfaction with their homes, services and neighbourhoods;
increasing the supply of high quality affordable homes and meeting the pressing need in London and the south east of England for new homes across all tenures by growing responsibly;
building long-term financial strength and efficiency to improve the quality or existing homes and services to all tenants;
operational excellence by delivering the best service at the lowest possible cost; and
investing in people and the organisation to improve stakeholder relations and maintain a position of influence.
Administrative, management and supervisory bodies
Group Board
The Group Board (Board) members of the Issuer (all of whom, other than David Montague, are non-executive) and their principal activities outside the Issuer are as follows:
Name Principal activities outside the Issuer
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Name Principal activities outside the Issuer
Turlogh O'Brien CBE (Group Chairman Chair of Governance & Remuneration Committee and member of Development Committee)
Turlogh worked for an international design and business consulting firm for over forty years. He received the CBE in 1999 for services to research and innovation in construction.
He is a Council member for the University of Southampton.
Robert Cooper (Chairman of Audit & Risk Committee and member of Governance & Remuneration Committee)
Robert was formerly an investment banker and has worked as a finance director of Next Plc and Vestey Group.
He is a member of the Institute of Chartered Accountants in England and Wales.
Diane Phillips CB (Deputy Chair, Chair of Development Committee and member of Governance & Remuneration Committee)
Diane is a retired senior civil servant at the Department of Transport.
Frank Chersky (Chair of Residents Board and Chair of the North London Neighbourhood Committee)
Frank is an L&Q tenant. He is the Registration Authority Agent for Whittington Hospital and Haringey & Islington Providerside.
He is a Non Executive Director and member of the Audit & Risk Committee of the Independent Housing Ombudsman.
Brian Carroll(Development Committee member and Audit & Risk Committee member)
Brian is retired and a former Finance Director for Waitrose (part of the John Lewis Partnership).
Ron Goodman (Development Committee member and Audit & Risk Committee member)
Ron was formerly Managing Director of Croudace Homes in Partnership Ltd (part of the Croudace Homes Group). He is also the sole proprietor of RPG Associates.
Claire Martin (Audit & Risk Committee member and Governance & Remuneration Committee member)
Claire is Head of Supporting People at Kent County Council and is a Fellow of the Chartered Institute of Housing.
Chinnelle Anichebe (Deputy Chair of Residents Board and Chair of the City Central Neighbourhood Committee)
Chinnelle is an L&Q tenant.
She is currently employed in an international role with Pearson Edexcel.
Joanna Killian (Audit & Risk Committee member)
Joanna is the Chief Executive of Essex County Council and Brentwood Borough Council.
Russell Profitt MBE Russell has many years experience within the public sector with roles ranging from Head Teacher in Deptford to the Director of Services and Central Departments in Southwark. Russell is a Trustee of the Camberwell After School Project.
David Montague (Chief Executive and member of the Executive Group)
David is a Director of Quadrant Construction Services Ltd and Director of Quadrant Housing Finance Ltd. These companies are subsidiaries of the Issuer.
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Name Principal activities outside the Issuer
He is a fellow of the Association of Chartered Certified Accountants and writes and speaks on social housing issues.
Simon Rubinsohn Simon is the Chief Economist for the Royal Institution of Chartered Surveyors. Previously he was Senior Strategist for Barclays Wealth and also worked for ANZ Merchant Bank as a UK economist. Prior to this he spent four years lecturing in economics.
Helen Meyler (Co-optee)
Helen is currently a property law consultant with national law firm Clarke Willmott LLP. Prior to this she was a Partner and Head of Public Sector Group at Davies Arnold Cooper.
The business address of each of the above board members is Osborn House, Osborn Terrace, London SE3 9DR.
There are no potential conflicts of interest between any duties to the Issuer of the board members of the Issuer and their private interests and/or duties.
Corporate Governance
L&Q continues to follow best practice with regard to corporate governance and will, where appropriate, use all reasonable endeavours to comply with the National Housing Federation's Excellence in Governance - Code for Members 2010.
The focus of the Board is on strategy for the Group, though it also has responsibility for overseeing performance. Specific responsibilities have been delegated to Group committees, which have their own approved terms of reference. The major committees supporting the Board and governance arrangements are:
Audit and Risk Committee: responsible for overseeing internal audit, external audit, the effectiveness of internal controls, the risk management framework, and reviewing the financial statements and financial performance.
Development Committee: responsible for reviewing major development and investment schemes.
Tenants Board (known as the Residents Board): oversees the provision of housing management services and the work of a number of local neighbourhood committees.
Governance and Remuneration Committee: responsible for advising the Board on governance, remuneration, and Board or committee appointments.
The Residents Board and all committees report back to the Board at each Board meeting.
Day-to-day performance management is delegated to the Executive Group. The Executive Group comprises the following:
Name Principal activities outside the Issuer
David Montague (Chief Executive)
David is a Director of Quadrant Construction Services Ltd and a Director of Quadrant Housing Finance Ltd. These companies are subsidiaries of the Issuer.
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Name Principal activities outside the Issuer
He is a Fellow of the Association of Chartered Certified Accountants and writes and speaks on social housing issues.
Waqar Ahmed (Group Director of Finance)
Waqar is a member of the National Housing Federation Finance Policy Group.
He is a Fellow of the Association of Chartered Certified Accountants and is also a Director of three Issuer subsidiaries: Zest Homes Limited; Quadrant Housing Finance Limited; and Quadrant Construction Services Limited.
Mike Donaldson (Group Director, Strategy and Operations)
Mike is a member of the Chartered Institute of Housing.
Jerome Geoghegan (Group Director, Development, Sales & Marketing)
Jerome is a member of the Chartered Institute of Housing.
He is also a Director of two Issuer subsidiaries: Zest Homes Limited and Quadrant Construction Services Limited.
Tom Nicholls (Group Director, Human Resources)
None
Diane Hart (Group Director, Neighbourhoods)
Diane is a member of the Chartered Institute of Housing.
The Board has overall responsibility for ensuring that a sound system of internal control exists across the Issuer and for reviewing its effectiveness.
The internal control framework is designed to manage and reduce, rather than eliminate, the risk of failing to achieve business objectives, and can only provide the Board with reasonable and not absolute assurance against material misstatement or loss.
The key elements of the system of internal control include:
A Group-wide risk management system (including Health and Safety). The Board has established a process for identifying, evaluating and managing the significant risks faced by the Group. The Audit and Risk Committee reviews all risk reports and the Board reviews risk and Health and Safety compliance each year. This approach is consistent with the Turnbull guidance for reporting on risk and internal control.
Adopting and complying with the principal recommendations of the National Housing Federation's 2010 Code of Governance and accepting this as the Group's code of good practice.
Compliance with regularly reviewed written policies and procedures for all key activities, including Standing Orders and delegated authorities.
Audit and Risk Committee assurance. The Audit and Risk Committee meets regularly with members of the Executive Group and the internal and external auditors to review specific reporting and internal control matters, and to satisfy themselves that the internal control systems are operating effectively. The Audit and Risk Committee also reviews any follow up action to correct identified weaknesses.
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Internal audit assurance. The Group's internal audit function is managed through a corporate assurance unit who have a direct reporting line to the Audit and Risk Committee. The internal audit programme is designed to review key areas of risk. The head of corporate assurance meets regularly with the Board Chairman and the Chairman of the Audit and Risk Committee.
External audit assurance. The work of the external auditors provides some further independent assurance of the internal control environment, as described in their audit report. The Issuer also receives a letter from the external auditors identifying any internal control weaknesses. In accordance with best practice guidance, the Audit and Risk Committee and the Board consider this letter.
Procedures to ensure the employment, retention, training and development of suitably qualified staff to manage activities.
The preparation and monitoring of budgets and long term business plans. The Board, Audit and Risk Committee and Executive Group review Group and subsidiary performance throughout the year. The reports ensure variances are investigated and acted upon.
All major investment decisions are subject to appraisal and approval by a Development Committee, the Executive Group and, where appropriate, the Board
Treasury activity and strategy are subject to regular Board review and approval. The Issuer confirms it has an approved fraud policy which has been distributed to all staff. The policy covers the prevention, detection and reporting of fraud. Details of identified frauds are maintained in the fraud register, which is reviewed annually by the Audit and Risk Committee on behalf of the Board. The Issuer has an appointed a Money Laundering Reporting Officer as part of its compliance with Anti-Money Laundering legislation. The Board has delegated authority to the Audit and Risk Committee to regularly review the effectiveness of internal control, including risk, and receives regular reports from this committee throughout the year. The Audit and Risk Committee receives the Chief Executive's annual report on the effectiveness of internal control systems, together with an annual report from the head of internal audit, with finding reported to the Board. The Issuer is of the opinion that there are no weaknesses in internal controls sufficient to cause material misstatement or loss.
Share Capital and Major Shareholders
The entire issued share capital of the Issuer comprises 11 shares of £1.00 each, all of which are fully paid up. Each share carries voting rights but no rights to dividends, distributions on winding up or rights of redemption.
Credit Rating
The Issuer has an unsecured issuer credit rating of "Aa2" from Moody's confirmed most recently in February 2012 and "AA" from S&P confirmed most recently in December 2011.
As of the date of this Offering Circular, Moody's is not established in the European Union and has not applied for registration under Regulation (EC) No. 1060/2009 (as amended) (the CRA Regulation). However, the application for registration under the CRA Regulation of Moody's Investors Service Limited, which is established in the European Union and is registered under the CRA Regulation (and, as such is included in the list of credit rating agencies published by the European Securities and Markets Authority (ESMA) on its website in accordance with the CRA Regulation), disclosed the intention to endorse the global sale credit ratings assigned by its non-EU entities, including Moody's. While notification of the corresponding endorsement decision has not yet been provided by the relevant competent authority, ESMA has indicated that a transitional period ending on 30th April, 2012 shall apply with respect to ratings intended to be endorsed. As of the date of this Offering Circular, S&P is established in the European Union and is registered under
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Regulation (EC) No. 1060/2009 (as amended). As such S&P is included in the list of credit rating agencies published by the European Securities and Markets Authority on its website in accordance with such Regulation.
Recent Developments
There have been no recent events particular to the Issuer that are, to a material extent, relevant to the evaluation of the Issuer's solvency.
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DOCUMENTS INCORPORATED BY REFERENCE
The Issuer's audited consolidated annual financial statements, which include the report of the board, operating and financial review, independent auditor's report and annual accounts, for the financial years ended 31st March, 2010 and 31st March, 2011 (the Financial Statements), which have previously been published and have been filed with the Financial Services Authority, shall be incorporated in, and form part of, this Offering Circular.
Copies of the Financial Statements can be obtained from the registered office of the Issuer and from the specified office of the Principal Paying Agent for the time being in London.
Any documents themselves incorporated by reference in the Financial Statements shall not form part of this Offering Circular.
Any non-incorporated parts of a document referred to herein are either deemed not relevant for an investor or are otherwise covered elsewhere in this Offering Circular.
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CONSOLIDATED FINANCIAL INFORMATION ON THE GROUP
The Issuer's next published financial statements for the year ended 31st March, 2012 are required to be prepared in accordance with the Statement of Recommended Practice 'Accounting by registered social housing providers Update 2010' (SORP 2010). The Issuer has therefore restated the financial information on the Group for the years ended 31st March, 2010 and 31st March, 2011 in accordance with SORP 2010.
The restated financial information on the Group and the accountant's report thereon are set out in Parts B and A, respectively, below.
A description of the adjustments made as a result of the application of SORP 2010, in comparison to the previously published financial statements of the Group for the years ended 31st March, 2010 and 31st March, 2011 (which are incorporated by reference herein (see "Documents Incorporated by Reference" above)), is set out in note 27 to the financial information.
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Part A: Accountant's Report on the Group
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Part B: Consolidated Financial Information on the Group
Group income and expenditure accounts
Years ended 31 March 2010 and 2011
2010 2011
note £'m £'m
Turnover 2 329.8 327.5
Cost of sales 2 (50.9) (26.2)
Operating costs 2 (185.1) (212.5)
Operating surplus 2 93.8 88.8
Surplus on disposal of fixed asset housing properties 4 17.9 17.5
Interest receivable and similar income 7a 8.9 2.5
Interest payable or similar charges 7b (50.9) (64.7)
Other finance costs 20 (1.1) (0.3)
Gift Aid - -
Surplus on ordinary activities before tax 2&8 68.6 43.8
Tax on surplus on ordinary activities 9 - -
Surplus for the year 16a 68.6 43.8
Group statement of total recognised surpluses and deficits
Years ended 31 March 2010 and 2011
2010 2011
note £’m £’m
Reported surplus on ordinary activities 68.6 43.8
Gains recognised on hedging instruments 16b 13.2 4.0
Actuarial gains/(loss) on pension schemes 20 (16.5) 13.4
Total recognised surplus relating to the year 65.3 61.2
All amounts relate to continuing activities.
All surpluses and deficits are historic cost surpluses and deficits.
Group balance sheets
At 31 March 2010 and 2011
2010 2011
note £'m £'m
Tangible fixed assets
Housing properties 10a
Cost less depreciation & impairment 4,217.6 4,411.0
Social housing grant (2,336.3) (2,514.6)
1,881.3 1,896.4
Other tangible fixed assets 10b 26.4 27.2
1,907.7 1,923.6
Investments
Homebuy equity loans 191.4 185.4
Grant on Homebuy equity loans (164.5) (157.7)
26.9 27.7
Current assets
Properties for sale 10c 152.2 164.5
Debtors 11 20.6 139.1
Cash at bank & in hand 19c 332.5 262.8
505.3 566.4
Creditors: amounts falling due within one year 12a (149.3)
(109.9)
Net current assets 356.0 456.5
Total assets less current liabilities 2,290.6 2,407.8
Creditors: amounts falling due after more than one year 12b 1,880.3
1,859.4
Provision for liabilities and charges 14 2.2 93.9
Pension liability 20 26.2 11.4
Capital and reserves
Share capital 15 - -
Revenue reserves 16a 410.2 467.4
Cash flow hedge reserve 16b (28.3) (24.3)
2,290.6 2,407.8
Group cash flow statements
Years ended 31 March 2010 and 2011
2010 2011
note £'m £'m
Net cash inflow from operating activities 19a 157.5 111.6
Returns on investments and servicing of finance
Interest received 8.9 2.5
Interest paid (including capitalised interest) (78.1) (87.5)
Bond issue costs (2.3) -
Other finance costs (5.3) (1.1)
(76.8) (86.1)
Capital expenditure and financial investment
Cash paid for construction and purchase of housing
properties (352.9)
(260.1)
Capital grants received 169.0 131.8
Cash paid for purchase of other assets (1.1) (2.4)
Net proceeds on sale of housing properties 71.7 39.8
Proceeds on sale of other fixed assets - 0.1
(113.3) (90.8)
Cash outflow before use of liquid resources and
financing (32.6)
(65.3)
Cash (placed)/ withdrawn on term deposits 19b (209.6) 80.5
Net cash inflow/(outflow) from management of liquid
resources (209.6)
80.5
Financing 19b
Loans received 395.0 -
Loans repaid (154.2) (4.4)
240.8 (4.4)
Increase/(decrease) in cash and cash equivalents 19b (1.4) 10.8
Notes to the historical financial information
Years ended 31 March 2010 and 2011
1. Principal accounting policies
The historical financial information has been prepared in accordance with applicable Accounting Standards
and the Statement of Recommended Practice „Accounting by registered social housing providers Update
2010‟ (“SORP 2010”), and complies with the Accounting Requirements for Registered Social Landlords
General Determination 2006.
Basis of consolidation
The consolidated financial information comprises the historical financial information of London & Quadrant
Housing Trust and its subsidiary undertakings, being Quadrant Housing Finance Limited, Quadrant
Construction Services Limited and Zest Homes Limited.
Turnover
Turnover represents rental and service charge income receivable (net of void losses), fees receivable,
supporting people contract income, proceeds from first tranche sales of low cost home ownership and from
properties developed for outright sale, and revenue grants from the Homes and Communities Agency and
other public authorities. Rental income is recognised on the execution of tenancy agreements. Proceeds on
sales are recognised on practical completions. Other income is recognised as receivable on the delivery of
services provided.
Housing properties
Housing properties in the course of construction are stated at cost. Cost includes the cost of acquiring land and
buildings, development costs, and interest charges incurred during the development period. Staff costs and
overheads which are directly attributable to bringing housing properties into working condition for their
intended use are capitalised.
Housing properties that are depreciated over a period in excess of 50 years are subject to impairment reviews
annually.
Under low cost home ownership arrangements, the Group disposes of a long lease on low cost home
ownership housing units to persons who occupy them at a share equal to between 25% and 75% of value. The
occupier has the right to purchase further proportions up to 100% at the then current valuation. Low cost home
ownership properties are split between current and fixed assets on initial recognition. The proceeds from the
sale of the current asset element (“first tranche”) are included in turnover and the related asset expensed
through the income and expenditure statement as a cost of sale. The remaining element of the property
(“staircasing element”) is accounted for as a fixed asset and any subsequent tranche sale treated as a part
disposal of a fixed asset. Social Housing Grant in respect of low cost home ownership properties is allocated
against the retained element of the low cost home ownership property and is treated as a deduction from fixed
asset costs.
The Group operates two flexible intermediate products whereby the tenant can rent the property and then at a
future point purchase a portion of the property in the same way that low cost home ownership schemes
operate. The future point of sales is determined by the Group or the tenant depending on the product. Tenants
are able to purchase an undefined proportion of their property from day one. These properties have been
classified as fixed assets within the housing properties note under the Intermediate Market Rent category
unless the tenant has indicated that they wish to purchase a proportion of the property from the outset. This
will then be treated as a first tranche sale with the purchased proportion reclassified as a current asset and then
taken to cost of sales. For those tenants who rented the property to begin with or wish to purchase further
tranches, this will be treated as a part disposal of a fixed asset.
Notes to the historical financial information
Years ended 31 March 2010 and 2011
1. Principal accounting policies (continued)
Non component works to existing properties
Non component works to existing housing properties are capitalised where they relate to stock transferred
from local authorities or relate to large scale regeneration projects and the properties are below standard, as
there is a clear enhancement of the property beyond the standard assessed when the property was first
acquired or constructed.
Investments
Under the Homebuy scheme and Key Worker Living Initiative, the Trust receives Social Housing Grant
representing a percentage of the open market purchase price of a property in order to advance interest free
loans to a homebuyer. The loans advanced by the Trust are shown as an investment on the balance sheet
against which the corresponding grant is netted.
In the event that the property is sold, the Trust recovers the equivalent loaned percentage value of the property
at the time of the sale. The grant becomes recyclable when the loans are repaid up to the amount of the
original grant and to the extent the proceeds permit. The Trust is able to retain any surplus proceeds less sale
costs attributable to the equivalent loaned percentage share of the value of the property. If there is a fall in the
value of the property the shortfall of proceeds is offset against the grant.
Social housing grant
Social housing grant (SHG) is a capital grant provided by the Homes and Communities Agency to fully or
partially fund Registered Providers who were formerly Registered Social Landlords when developing social
housing, under S18 or S27A of the Housing Act 1996.
Where developments have been financed wholly or partly by Social Housing Grant the cost of those
developments has been reduced by the amount of grant receivable. When a Social Housing Grant funded
property is sold the grant becomes „recyclable‟ and is transferred to a recycled capital grant fund until it is
reinvested into a replacement property. Social Housing Grant is eligible for abatement where the final position
on a low cost home ownership sale results in a loss. In such cases the grant is released to the income and
expenditure to offset the loss. Social Housing Grant may be repayable in certain circumstances such as when a
property is no longer used for social housing. When Social Housing Grant becomes repayable it is included as
a current liability until it is repaid. The repayment of Social Housing Grant is generally subordinated to the
repayment of housing loans.
Notes to the historical financial information
Years ended 31 March 2010 and 2011
1. Principal accounting policies (continued)
Fixed assets and depreciation
Freehold land is not depreciated. Depreciation of housing properties components is charged so as to write
down the cost of the components to their estimated residual value, on a straight-line basis, over their estimated
useful economic lives in the business. SHG is attributed to freehold land and the structure of a property in
proportion to their cost. The depreciable amount of the structure is arrived at on the basis of original structure
cost, less the proportion of SHG and other grants attributable to housing properties, less residual value. The
useful economic lives of the structure are estimated to be 99 years. No SHG is attributable to components
other than the structure.
Housing properties components are depreciated from the year following replacement year over their estimated
useful economic life as follows:
Major components
Housing properties structure 99 years
Kitchens 10 to 18 years
Bathrooms 30 years
Electrical 30 years
Heating 30 years
Boilers 12 years
Windows and doors 30 years
Roofs 10 to 80 years
Where any SHG attributable to the structure exceeds the cost of the structure it is amortised over the life of the
structure and reduces the total housing structure depreciation.
Depreciation on other fixed assets is charged on a straight-line basis over the expected useful economic lives
of the fixed assets to write off the cost less estimated residual values at the annual rates set out below.
Short leasehold premises Shorter of 10 years or life of lease
Furniture and equipment 12.5%
Motor vehicles 25%
Computer equipment 20%
Notes to the historical financial information
Years ended 31 March 2010 and 2011
1. Principal accounting policies (continued)
Impairment of fixed assets
Assessing impairment requires use of estimation techniques. In making this assessment, management
considers publicly available information, external valuations and internal forecasts on future activity. The
carrying amounts of fixed assets are reviewed at each balance sheet date to determine whether there is any
indication of impairment. An impairment loss is recognised in the income and expenditure account for the
amount by which the asset‟s carrying amount exceeds its recoverable amount. The recoverable amount of an
asset is the greater of its net realisable value (fair value less selling costs) and value in use adjusted for any
amount of planned subsidy. Where schemes were assessed as requiring a subsidy, the subsidy position on the
schemes at each balance sheet date is compared against a hurdle rate to assess whether an impairment
provision is required. The hurdle rate is essentially the level of planned subsidy per unit that the Group is
content to commit to a scheme. An impairment loss is recognised to the extent that the net book value exceeds
recoverable amount plus the acceptable level of planned subsidy at the balance sheet date. In assessing value
in use, the estimated future cash flows are discounted to their present value using our scheme assessment rate.
For assets that do not generate largely independent cash inflows, the recoverable amount is determined for the
cash-generating unit or group of units (“scheme”) to which that asset belongs.
Business combinations
Where acquisitions are in substance the gifting of control of a business to the association, the combination is
treated as a non-exchange transaction and the fair value of the gifted assets and liabilities in the transaction is
recorded as a gain or loss in the income and expenditure account in the year of combination.
Lease obligations
Finance leases are recorded in the balance sheet as assets and as an obligation to pay future rentals. The
finance charges are allocated on a straight line basis over the term of the lease.
Properties for sale
Completed properties and property under construction for outright sale are recognised at the lower of cost and
net realisable value. Cost comprises materials, direct labour and direct development overheads. Assessing net
realisable value requires use of estimation techniques. In making this assessment, management considers
publicly available information and internal forecasts on future sales activity. Net realisable value is based on
estimated sales price after allowing for all further costs of completion and disposal.
Deferred income and expenditure
Contributions to future expenditure made by third parties are treated as deferred income. Deferred income is
released to the income and expenditure account over the period when the expenditure to which it relates is
incurred.
Notes to the historical financial information
Notes to the historical financial information
Years ended 31 March 2010 and 2011
1. Principal accounting policies (continued)
Pension contributions
Defined Benefit Schemes
The Group operates a pension scheme providing benefits based on final pensionable pay. The assets of the
scheme are held separately from those of the Group. This scheme has been closed to new entrants.
The Group also participates in four defined benefit pension schemes which are administered by London
Borough of Bexley, Waltham Forest Borough, London Borough of Redbridge and Bucks County Council
respectively.
Pension scheme assets are measured using market values. Pension scheme liabilities are measured using a
projected unit method and discounted at the current rate of return on a high quality corporate bond of
equivalent term and currency to the liability. Pension scheme surpluses (to the extent that they are
recoverable) or deficits are recognised in full. The movement in the scheme surpluses/deficits other than cash
contributed by the Group are split between operating charges, finance items and, in the Statement of total
recognised surpluses and deficits, actuarial gains and losses.
The carrying value of any resulting pension scheme asset is restricted to the extent that the Group is able to
recover the surplus either through reduced contributions in the future or through refunds from the scheme.
The Social Housing Pension Scheme
The Group also participates in the Social Housing Pension Scheme (“SHPS”) which provides benefits based
on final pensionable pay. The assets of the scheme are held separately from those of the Group. The Group is
unable to identify its share of the underlying assets of the scheme on a consistent and reasonable basis and
therefore, as required by FRS 17 „Retirement Benefits‟, accounts for the scheme as if it were a defined
contribution scheme. As a result, the amount charged to the income and expenditure account represents the
contributions payable to the scheme in respect of the accounting period.
Money Purchase Scheme
The Group also participates in a defined contribution scheme where the amount charged to the income and
expenditure account represents the contributions payable to the scheme in respect of the accounting period.
Interest payable
Interest on borrowings is capitalised to housing properties under construction up to the date of completion of
each scheme. The interest capitalised is either on borrowings specifically financing a scheme or on net
borrowings to the extent that they are deemed to be financing a scheme. This treatment applies irrespective of
the original purpose for which the loan was raised.
Notes to the historical financial information
Years ended 31 March 2010 and 2011
1. Principal accounting policies (continued)
Provisions
The Group only provides for legal or constructive liabilities which exist at the balance sheet date.
Taxation
The charge for taxation is based on the surplus for the year and takes into account taxation deferred. Deferred
taxation on differences between the treatment of certain items for accounting and taxation purposes is
accounted for to the extent that a liability or asset is expected to be payable or recoverable in the foreseeable
future.
Value added tax
The Group charges value added tax (VAT) on some of its income and is able to recover part of the VAT it
incurs on expenditure. The historical financial information include VAT to the extent that it is suffered by the
Group and not recoverable from HM Revenue and Customs. Recoverable VAT arises from partially exempt
activities and is credited to the income and expenditure account.
Related parties
The Trust has taken advantage of the exemption contained in FRS 8 „Related Party Disclosures‟ and has
therefore not disclosed transactions or balances with entities which are 100% owned.
Joint arrangements
The Group has entered into a number of contractual arrangements that under FRS 9 „Associates and Joint
Ventures‟ are classed as „a joint arrangement that is not an entity‟. Accordingly the Group has accounted for
its assets, liabilities and cash flows in respect of those arrangements, measured according to the terms of the
agreements governing the arrangements, and in line with the Group‟s accounting policies.
Notes to the historical financial information
Years ended 31 March 2010 and 2011
1. Principal accounting policies (continued)
Hedge accounting
Hedge accounting is applied to financial assets and financial liabilities only where all of the following criteria
are met:
At the inception of the hedge there is formal designation and documentation of the hedging
relationship and the Group's risk management objective and strategy for undertaking the hedge;
For cash flow hedges, the hedged item in a forecast transaction is highly probable and presents an
exposure to variations in cash flows that could ultimately affect profit or loss;
The cumulative change in the fair value of the hedging instrument is expected to be between 80-
125% of the cumulative change in the fair value or cash flows of the hedged item attributable to
the risk hedged (i.e. it is expected to be highly effective);
The effectiveness of the hedge can be reliably measured; and
The hedge remains highly effective on each date it is tested. The Group has chosen to test the
effectiveness of its hedges on a quarterly basis.
The effective portion of gains and losses on derivatives used to manage cash flow interest rate risk (such as
floating to fixed interest rate swaps) are recognised in the statement of recognised surpluses and deficits and
accumulated in the cash flow hedge reserve. However, if the Group closes out its position early, the
cumulative gains and losses recognised in the statement of recognised surpluses and deficits are frozen and
reclassified from the cash flow hedge reserve to revenue reserve using the effective interest method. The
ineffective portion of gains and losses on derivatives used to manage cash flow interest rate risk are
recognised in the income and expenditure account and disclosed separately in interest payable and similar
charges.
Although held for hedging purposes, not all of the group‟s derivatives satisfy the above criteria. In such
circumstances the derivative is classified as an asset or liability at fair value through the income and
expenditure statement.
Financial instruments
The Group categorises its financial assets and liabilities in accordance with FRS 26 „Financial Instruments:
Recognition and Measurement‟.
Notes to the historical financial information
Years ended 31 March 2010 and 2011
1. Principal accounting policies (continued)
Financial assets
The Group classifies its financial assets into one of the following categories depending on the purpose for
which the asset was acquired.
Fair value through income and expenditure
Other than derivative financial instruments which are not designated as hedging instruments, the Group does
not have any assets held for trading nor does it voluntarily classify any financial assets as being at fair value
through income and expenditure.
Loans and receivables
These assets are non-derivative financial assets with fixed or determinable payments that are not quoted in an
active market. They are initially recognised at fair value plus transaction costs that are directly attributable to
their acquisition or issue, and are subsequently carried at amortised cost using the effective interest rate.
Provisions are recognised when there is objective evidence (such as significant financial difficulties on the
part of the counterparty or default or significant delay in payment) that the Group will be unable to collect all
of the amounts due under the terms receivable, the amount of such a provision being the difference between
the net carrying amount and the present value of the future expected cash flows associated with the receivable
item.
Financial liabilities
The Group classifies its financial liabilities into one of the following categories depending on the purpose for
which the liability was acquired. Other than financial liabilities in a qualifying hedging relationship, the
Group's accounting policy for each category is as follows:
Fair value through income and expenditure
The Group does not hold or issue derivative instruments for speculative purposes, but for hedging purposes.
Other than these derivative financial instruments, the Group does not have any liabilities held for trading nor
has it designated any financial liabilities as being at fair value through income and expenditure.
Other financial liabilities
Bank borrowings are initially recognised at fair value net of any transaction costs directly attributable to the
issue of the instrument. Such interest bearing liabilities are subsequently measured at amortised cost using the
effective interest rate method, which ensures that any interest expense over the period to repayment is at a
constant rate on the balance of the liability carried in the balance sheet. Interest expense in this context
includes the amortisation of initial transaction costs and premia payable on redemption, as well as any interest
or coupon payable while the liability is outstanding.
Derivatives embedded in host debt contracts are not accounted for separately where they are considered to be
closely related.
Trade payables and other short-term monetary liabilities are initially recognised at fair value and subsequently
carried at amortised cost using the effective interest method.
Notes to the historical financial information
Years ended 31 March 2010 and 2011
2. Turnover and operating surplus
2010
2011
Turnover
Cost of
sales
Operating
costs
Operating
surplus
Turnover
Cost
of
sales
Operating
costs
Operating
surplus
£'m £'m £'m £'m £'m £'m £'m £'m
Social housing lettings (note 3)
General needs 229.3 - (136.8) 92.5 239.6 - (150.8) 88.8
Supported housing 21.0 - (18.4) 2.6 20.6 - (19.0) 1.6
Intermediate market rent (inc.
Key workers) 6.9 - (5.4) 1.5
8.7 - (6.9) 1.8
Low cost home ownership 19.9 - (7.2) 12.7 21.5 - (14.2) 7.3
277.1 - (167.8) 109.3 290.4 (190.9) 99.5
Other social housing activities
First tranche low cost home
ownership sales 29.3 (35.2) - (5.9)
21.4 (17.6) - 3.8
Supporting people 1.2 - (2.9) (1.7) 0.6 - (1.0) (0.4)
Development and marketing 6.1 - (7.9) (1.8) 1.2 - (6.7) (5.5)
36.6 (35.2) (10.8) (9.4) 23.2 (17.6) (7.7) (2.1)
Non social housing activities
Student accommodation 2.3 - (1.1) 1.2 2.3 - (1.5) 0.8
Outright sales 11.3 (12.0) - (0.7) 7.9 (8.6) - (0.7)
Other 2.5 (3.7) (5.4) (6.6) 3.7 - (12.4) (8.7)
16.1 (15.7) (6.5) (6.1) 13.9 (8.6) (13.9) (8.6)
329.8 (50.9) (185.1) 93.8 327.5 (26.2) (212.5) 88.8
Surplus on sale of housing
properties 17.9
17.5
Interest receivable 8.9 2.5
Interest payable (50.9) (64.7)
Other finance costs (1.1) (0.3)
Tax on surplus on ordinary
activities -
-
Surplus for year 68.6 43.8
Notes to the historical financial information
Years ended 31 March 2010 and 2011
3. Income and expenditure from lettings
General
Needs
Supported
housing
Intermediate
market rent
and keyworker
Low cost
home
ownership
2011
Total
£'m £'m £'m £'m £'m
Income from lettings
Rent receivable net of identifiable service charges 229.0 17.7 7.3 15.6 269.6
Service charges receivable 10.4 2.9 1.4 5.0 19.7
Net rents receivable 239.4 20.6 8.7 20.6 289.3
Revenue grants received for major repairs 0.2 - - 0.9 1.1
Total Income from lettings 239.6 20.6 8.7 21.5 290.4
Expenditure on letting activities
Management 21.9 2.5 1.3 3.2 28.9
Services 16.9 4.8 1.6 5.2 28.5
Routine maintenance 47.5 4.6 1.4 0.6 54.1
Planned maintenance 27.4 2.9 0.3 0.1 30.7
Major repairs expenditure 5.0 3.0 0.5 0.2 8.7
Bad debts 0.6 (0.2) 0.4 0.1 0.9
Depreciation of housing properties 28.2 1.4 1.2 - 30.8
Impairment of housing properties 3.3 - 0.2 3.3 6.8
Other costs - - - 1.5 1.5
Total expenditure on lettings 150.8 19.0 6.9 14.2 190.9
Operating surplus on lettings 88.8 1.6 1.8 7.3 99.5
Rent losses from voids (2.2) (0.5) (1.0) (0.1) (3.8)
Notes to the historical financial information
Years ended 31 March 2010 and 2011
3. Income and expenditure from lettings (continued)
General
Needs
Supported
housing
Intermediate
market rent
and keyworker
Low cost
home
ownership
2010
Total
£'m £'m £'m £'m £'m
Income from lettings
Rent receivable net of identifiable service charges 219.7 17.6 5.6 14.2 257.1
Service charges receivable 8.9 3.4 1.3 5.7 19.3
Net rents receivable 228.6 21.0 6.9 19.9 276.4
Revenue grants received for major repairs 0.7 - - - 0.7
Total Income from lettings 229.3 21.0 6.9 19.9 277.1
Expenditure on letting activities
Management 25.8 4.3 1.5 3.5 35.1
Services 11.4 4.3 1.4 2.7 19.8
Routine maintenance 42.8 3.3 0.5 0.5 47.1
Planned maintenance 26.2 2.4 0.1 0.1 28.8
Major repairs expenditure 3.1 2.8 0.6 0.1 6.6
Bad debts 1.2 (0.2) 0.2 0.1 1.3
Property lease charges 0.9 - - - 0.9
Depreciation of housing properties 26.2 1.5 1.1 0.4 29.2
Impairment of housing properties (0.8) - - (0.2) (1.0)
Total expenditure on lettings 136.8 18.4 5.4 7.2 167.8
Operating surplus on lettings 92.5 2.6 1.5 12.7 109.3
Rent losses from voids (3.4) (0.6) (1.2) - (5.2)
Notes to the historical financial information
Years ended 31 March 2010 and 2011
4. Surplus on disposal of fixed assets housing properties
2010 2011
£’m £’m
Disposal proceeds 72.2 41.1
Grant recovered (0.1) (0.1)
Grant abated 0.7 1.2
Homebuy disposals 0.1 -
Cost of disposals (51.6) (23.8)
Incidental sale expenses (3.4) (0.9)
17.9 17.5
5. Employee information
2010 2011
No. No.
The average number of fulltime equivalent employees was:
Office staff and care support workers 1,017 1,012
Wardens, caretakers and cleaners 59 58
1,076 1,070
2010 2011
£'m £'m
Staff costs (for the above persons)
Wages and salaries 37.1 36.9
Social security costs 3.8 3.9
Other pension costs 4.3 4.8
45.2 45.6
Salary banding for all employees earning over £100,000 (including salaries, performance related pay and
benefits in kind but excludes pension contributions paid by the employer and any termination payments):
2010 2011
No. No.
Bands
£100,000 to £110,000 4 7
£110,001 to £120,000 - 1
£120,001 to £130,000 - 2
£130,001 to £140,000 2 2
£140,001 to £150,000 - 3
£150,001 to £160,000 6 2
£160,001 to £170,000 - -
£170,001 to £180,000 - -
£180,001 to £190,000 - -
£190,001 to £200,000 - -
£200,001 to £210,000 1 1
13 18
Notes to the historical financial information
Years ended 31 March 2010 and 2011
6. Directors’ emoluments
The directors are defined as the members of the Board, the Chief Executive and any other person reporting
directly to the Chief Executive or the Board.
2010 2011
£'000 £'000
Aggregate emoluments payable to directors (including benefits in kind) 1,344 1,333
Pension contributions in respect of services as directors 325 329
1,669 1,662
Emoluments payable to the highest paid director (excluding pension contributions but
including benefits in kind) 208 208
Emoluments payable to the Chief Executive (excluding pension contributions but
including benefits in kind) 208 208
The Chief Executive is an ordinary member of the L&Q pension scheme and has no individual pension
arrangement (including a personal pension) to which the Trust or any of its subsidiaries makes a contribution.
Non-executive members of the Board received emoluments during the year ended 31 March 2011 totalling
£124,000 (2010: £122,000).
The emoluments of all directors are reviewed and agreed on an annual basis by our Governance &
Remuneration Committee. They are based on an individual assessment of pay scales prevailing the market and
an assessment of performance against our corporate objectives.
Notes to the historical financial information
Years ended 31 March 2010 and 2011
7a. Interest receivable and similar income
2010 2011
£’m £’m
Bank interest receivable 1.9 2.5
Gain on disposal of gilt lock 7.0 -
8.9 2.5
7b. Interest payable and similar charges
2010 2011
£'m £'m
On loans repayable within one year - -
On loans wholly repayable between 1 - 5 years 3.3 3.1
On loans wholly or partly repayable in more than 5 years 74.4 83.3
77.7 86.4
Release of loan fair values on repayment and refinancing (0.8) (0.8)
Interest expense on liabilities at amortised cost 76.9 85.6
Amounts in respect of financial derivatives (1.7) 0.3
Less: capitalised in housing properties (24.3) (21.2)
50.9 64.7
Interest is capitalised at an average rate of 5.5% on the Group‟s borrowings required to finance housing
property developments (2010: 7.0%).
8. Surplus on ordinary activities before tax
2010 2011
£’m £’m
Surplus on ordinary activities before tax is stated after charging/(crediting)
Depreciation on housing properties 29.8 30.9
Impairment charge on fixed assets housing properties 3.5 8.2
Impairment release on fixed assets housing properties (4.5) (1.5)
Operating lease rentals
- land and buildings 0.6 1.4
- office equipment and computers 0.4 0.4
Depreciation on other fixed assets 1.6 1.6
Impairment on other fixed assets 0.7 -
Auditors remuneration:
- In their capacity as auditors 0.2 0.2
- In respect of other services 0.1 -
Surplus on sale of fixed assets housing properties (17.9) (17.5)
Notes to the historical financial information
Years ended 31 March 2010 and 2011
9. Tax on surplus on ordinary activities
2010 2011
£'m £'m
UK corporation tax - -
Adjustments for prior period - -
- -
2010 2011
£'m £'m
Surplus on ordinary activities before tax 68.6 43.7
Surplus multiplied by 28% (2010: 28%) standard rate of UK corporation tax 19.2 12.2
Effects of:
Exemption of charitable activities (19.2) (12.2)
Current tax charge for the year - -
Notes to the historical financial information
Years ended 31 March 2010 and 2011
10a. Tangible assets – Housing fixed properties
Housing properties under
construction
Housing properties held
for lettings
Non-
social
housing
Social
Housing
Low cost
home
ownership
Social
Housing
Low cost
home
ownership
Total
£'m £'m £'m £'m £'m £'m
Cost
At 1 April 2009 (as reported in the Group
financial statements for the year ended 31
March 2009) 460.6 135.1 3,133.5 338.0 12.6 4,079.8
Prior year adjustment on adoption of SORP
2010 - - 166.5 - - 166.5
At 1 April 2009 (as restated) 460.6 135.1 3,300.0 338.0 12.6 4,246.3
Reclassifications 0.1 - - (39.9) (0.1) (39.9)
Schemes completed in the year (170.6) (46.9) 170.6 46.9 - -
Reclassification to impairment 3.4 - - - - 3.4
Additions 270.2 38.4 45.8 - - 354.4
Transfer to other registered providers - - (31.5) - - (31.5)
Disposals - - (14.0) (10.2) - (24.2)
At 31 March 2010 563.7 126.6 3,470.9 334.8 12.5 4,508.5
At 1 April 2010 563.7 126.6 3,470.9 334.8 12.5 4,508.5
Reclassifications 40.1 (38.9) (58.5) 11.5 - (45.8)
Schemes completed in the year (201.3) (29.3) 201.3 29.3 - -
Additions 196.0 24.7 70.0 0.9 - 291.6
Transfer to other registered providers - - (7.0) - - (7.0)
Transfer from/(to) current assets and
investments (3.6) 11.2 - (1.3) - 6.3
Disposals - - (11.0) (4.2) - (15.2)
At 31 March 2011 594.9 94.3 3,665.7 371.0 12.5 4,738.4
Social Housing Grant
At 1 April 2009 158.3 69.3 1,820.4 166.9 - 2,214.9
Reclassifications - - - (22.1) - (22.1)
Schemes completed in the year (87.5) (24.4) 87.5 24.4 - -
Received during year 170.3 10.4 - - - 180.7
Transfer to other registered providers - - (25.4) - - (25.4)
Recycled on disposals - - (5.7) (5.4) - (11.1)
Grant abated - - - (0.7) - (0.7)
At 31 March 2010 241.1 55.3 1,876.8 163.1 - 2,336.3
At 1 April 2010 241.1 55.3 1,876.8 163.1 - 2,336.3
Reclassifications (38.8) (20.5) 2.3 11.2 - (45.8)
Schemes completed in the year (88.5) (15.2) 88.5 15.2 - -
Received during year 177.7 29.3 32.9 - - 239.9
Transfer to other registered providers - - (6.4) - - (6.4)
Transfer to investments - - - (0.5) - (0.5)
Recycled on disposals - - (4.6) (3.1) - (7.7)
Grant abated - - (0.8) (0.4) - (1.2)
At 31 March 2011 291.5 48.9 1,988.7 185.5 - 2,514.6
Notes to the historical financial information
Years ended 31 March 2010 and 2011
10a. Tangible assets – Housing fixed properties – continued
Housing properties under
construction
Housing properties held
for lettings
Non-
social
housing
Social
Housing
Low cost
home
ownership
Social
Housing
Low cost
home
ownership
Total
£'m £'m £'m £'m £'m £'m
Depreciation
At 1 April 2009 (as reported in the Group
financial statements for the year ended 31
March 2009) - - 48.4 3.2 0.8 52.4
Prior year adjustment on adoption of SORP
2010 - - 203.4 - - 203.4
At 1 April 2009 (as restated) - - 251.8 3.2 0.8 255.8
Charge for year - - 28.7 1.0 0.1 29.8
Eliminated in respect of disposals - - (1.7) (0.1) - (1.8)
At 31 March 2010 - - 278.8 4.1 0.9 283.8
At 1 April 2010 - - 278.8 4.1 0.9 283.8
Reclassification - - (0.2) 0.2 - -
Charge for year - - 30.8 - 0.1 30.9
Eliminated in respect of disposals - - (1.0) (0.2) - (1.2)
At 31 March 2011 - - 308.4 4.1 1.0 313.5
Impairment
At 1 April 2009 4.4 0.2 - - - 4.6
Reclassification 3.5 - - - - 3.5
Charge for year 3.1 0.4 - - - 3.5
Release for year (4.1) (0.4) - - - (4.5)
At 31 March 2010 6.9 0.2 - - - 7.1
At 1 April 2010 6.9 0.2 - - - 7.1
Reclassification (1.9) 1.9 - - - -
Charge for year 4.9 3.3 - - - 8.2
Release for year (1.4) - - - - (1.4)
At 31 March 2011 8.5 5.4 - - - 13.9
Net Book Value:
At 31 March 2011 294.9 40.0 1,368.6 181.4 11.5 1,896.4
At 31 March 2010 315.7 71.1 1,315.3 167.6 11.6 1,881.3
At 31 March 2009 297.9 65.6 1,227.8 167.9 11.8 1,771.0
Notes to the historical financial information
Years ended 31 March 2010 and 2011
10a. Tangible assets – Housing fixed properties – continued
At 31 March 2011 the completed housing stock was evaluated to have an open market value in the region of
£10.3 billion (2010: £9.4 billion) compared with a cost of £4.5 billion (2010: £4.3 billion). The figure has
been derived using weighted average values of a representative sample of the stock reviewed by Countrywide
Social Housing.
Additions to housing properties during the year ended 31 March 2011 include capitalised interest of £21.2
million (2010: £24.3 million) and capitalised direct administration costs of £7.2 million (2010: £4.4 million).
The amount of cumulative interest capitalised in housing properties is not separately identifiable.
The completed housing land and buildings at net book value comprise freeholds of £1,527 million (2010:
£1,467 million) and long leaseholds of £58 million (2010: £57 million).
The £45.8 million net reclassification from Social Housing Grant (SHG) to costs in 2011 relates mainly to
Grant received in advance, which had historically been presented in creditors. The basis for calculating SHG
advance has changed from an individual scheme approach to considering the cumulative balance of SHG in
advance on all schemes in development. Other reclassifications reflect certain Shared Ownership scheme
which converted to Intermediate Market Rent homes in the year, requiring the cost and grant to be reclassified
accordingly.
The £22.1 million reclassification from Social Housing Grant (SHG) to investments in 2010 relates to grant
received in respect of homebuy equity loans which have historically not been separated out from SHG on
Social housing properties.
Notes to the historical financial information
Years ended 31 March 2010 and 2011
10b. Tangible fixed assets- Other fixed assets
Freehold
office
premises
Leasehold
office
premises
Office
furniture
and
equipment
Computer
equipment
Motor
vehicles Total
£'m £'m £'m £'m £'m £'m
Cost
At 1 April 2009 26.2 1.9 3.2 4.6 0.8 36.7
Additions - - 0.1 0.8 0.1 1.0
Disposals - - - (0.1) (0.1) (0.2)
At 31 March 2010 26.2 1.9 3.3 5.3 0.8 37.5
At 1 April 2010 26.2 1.9 3.3 5.3 0.8 37.5
Additions - 0.3 0.2 1.8 0.1 2.4
Disposals - - - - (0.1) (0.1)
At 31 March 2011 26.2 2.2 3.5 7.1 0.8 39.8
Depreciation
At 1 April 2009 2.7 1.3 1.7 2.9 0.4 9.0
Charge for year 0.4 0.1 0.3 0.6 0.2 1.6
Eliminated in respect of disposals - - - (0.1) (0.1) (0.2)
At 31 March 2010 3.1 1.4 2.0 3.4 0.5 10.4
At 1 April 2010 3.1 1.4 2.0 3.4 0.5 10.4
Charge for year 0.3 0.1 0.3 0.7 0.2 1.6
Eliminated in respect of disposals - - - - (0.1) (0.1)
At 31 March 2011 3.4 1.5 2.3 4.1 0.6 11.9
Impairment
At 1 April 2009 - - - - - -
Charge for the year 0.7 - - - - 0.7
Release in the year - - - - - -
At 31 March 2010 0.7 - - - - 0.7
At 1 April 2010 0.7 - - - - 0.7
Charge for the year - - - - - -
Release in the year - - - - - -
At 31 March 2011 0.7 - - - - 0.7
Net Book Value:
At 31 March 2011 22.1 0.7 1.2 3.0 0.2 27.2
At 31 March 2010 22.4 0.5 1.3 1.9 0.3 26.4
At 31 March 2009 23.5 0.6 1.5 1.7 0.4 27.7
Notes to the historical financial information
Years ended 31 March 2010 and 2011
10c. Properties held for sale
2010 2011
£'m £'m
Low cost home ownership 64.4 61.5
Outright sale 87.8 103.0
152.2 164.5
The above total includes £10.5 million (2010: £3.7 million) of completed properties available for sale, the
remainder being under construction. Properties held for sale include commercial developments held for
outright sale and low cost home ownership developments representing the first tranche proportion. A total of
£7.5 million was reclassified during the year ended 31 March 2011 to Housing fixed asset costs.
11. Debtors
Amounts receivable within one year: 2010 2011
£’m £’m
Arrears of rent and service charges
Former tenant arrears 10.4 7.4
Less: provision for bad and doubtful debts (10.0) (7.2)
0.4 0.2
Current tenant arrears 13.5 15.8
Less: Provision for bad and doubtful debts (4.6) (3.2)
9.3 12.8
Social housing grant receivable 1.5 22.4
Other debtors and prepayments 9.8 103.9
20.6 139.1
Included in 2011 figure for other debtors and prepayments are amounts of £85.7 million recoverable on stock
transfer works which at the point of being carried out will convert into housing fixed asset components. An
equivalent amount is shown in provisions for liabilities and charges to reflect the obligations of carrying out
those works (See note 14). An estimated £52.0 million of that amount is to be recovered in more than one
year.
Notes to the historical financial information
Years ended 31 March 2010 and 2011
12a. Creditors
Amounts falling due within one year
2010 2011
£'m £'m
Housing loans 5.1 3.1
Trade creditors 17.4 31.4
Other taxation and social security 1.2 1.3
Accruals 25.9 28.1
Other creditors 99.7 46.0
149.3 109.9
Other creditors include £10.2 million development retention creditors (2010: £60.0 million), and £17.4 million
prepaid rent (2010: £15.5 million).
12b. Creditors
Amounts falling due after more than one year
2010 2011
£'m £'m
Housing loans
- repayable by annual instalments 1,054.5 1,092.3
- repayable on maturity 733.9 692.5
Total housing loans 1,788.4 1,784.8
Issue costs (6.4) (6.0)
Net housing loans 1,782.0 1,778.8
Deferred Income 3.3 3.5
Other creditors 18.2 25.0
Recycled capital grant fund (See note 13a.) 42.3 23.3
Disposal proceeds fund (See note 13b.) 2.2 2.4
Derivative financial instruments 32.3 26.5
1,880.3 1,859.5
Source of housing loans
Banks and building societies 1,200.7 1,198.5
Capital market issues 587.7 586.3
1,788.4 1,784.8
Notes to the historical financial information
Years ended 31 March 2010 and 2011
The following is an analysis of the anticipated contractual cash flows including interest payable for the
Group‟s financial liabilities on an undiscounted basis. Interest is calculated on drawn debt held as at 31 March
2011 and 31 March 2010. For the purposes of this table, debt is defined as drawn bank loans and drawn bond
financing and excludes deferred finance, capitalised costs and negative goodwill. Floating rate interest is
determined using the prevailing implied forward rates as at the balance sheet date.
As at 31 March 2011 Debt
Interest on
debt
Interest on derivative
financial instruments Total
£’m £’m £’m £’m
Due less than one year (3.1) (80.1) (9.4) (92.6)
Between one and two years (28.8) (86.4) (6.9) (122.1)
Between two and three years (15.9) (92.6) (5.4) (113.9)
Between three and five years (35.1) (195.9) (6.5) (237.5)
In five years or more (1,680.7) (1,340.9) (12.7) (3,034.3)
Gross contractual cash flows (1,763.6) (1,795.9) (40.9) (3,600.4)
As at 31 March 2010 Debt
Interest on
debt
Interest on derivative
financial instruments Total
£’m £’m £’m £’m
Due less than one year (5.1) (79.3) (13.5) (97.9)
Between one and two years (4.3) (84.5) (10.4) (99.2)
Between two and three years (38.8) (89.3) (7.5) (135.6)
Between three and five years (32.6) (196.8) (6.3) (235.7)
In five years or more (1,686.3) (1,445.4) (11.8) (3,143.5)
Gross contractual cash flows (1,767.1) (1,895.3) (49.5) (3,711.9)
12b. Creditors Continued
Total
Floating
borrowings
Fixed
borrowings
Weighted
average
interest rate
Weighted average
time for which rate is
fixed
£'m £'m £'m % Years
At 31 March 2011 1,781.9 387.2 1,394.7 4.91 21.0
At 31 March 2010 1,787.1 312.5 1,474.6 5.06 21.3
The weighted average cost of fixed rate debt was 6.32%, and variable debt was 1.13% (2010: 0.98%)
inclusive of lending margins. Interest rates on fixed rate debt ranges from 4.43% to 12.25% on individual
loans excluding hedging activity.
Notes to the historical financial information
Years ended 31 March 2010 and 2011
13a. Recycled capital grant fund
Group Group
2010 2011
£’m £’m
At beginning of the year 46.8 42.3
Net Homebuy grant abated 7.5 7.6
Net SHG recovered (0.7) (0.9)
Transferred to fund during year 11.1 7.7
Interest credited to fund 0.2 0.2
Utilised during the year (22.6) (33.6)
At end of the year 42.3 23.3
None of the above balances are repayable to the Homes and Communities Agency.
13b. Disposal proceeds fund
Group Group
2010 2011
£’m £’m
At beginning of the year 6.0 2.2
Transferred to fund during year 1.1 1.7
Utilised during the year (4.9) (1.5)
At end of the year 2.2 2.4
None of the above balances are repayable to the Homes and Communities Agency
14. Provisions for liabilities and charges
Group Group
2010 2011
£’m £’m
At beginning of the year 1.2 2.2
Increase in provision 1.0 91.7
At end of the year 2.2 93.9
Included in the provisions are major works provisions of £85.7 million for works to be undertaken over a five
year period to improve the housing stock transferred from Lewisham Council in the last two years. These
provisions are reassessed at each balance sheet date to reflect the fair value of the remaining works to be
completed. An equivalent amount is shown in other debtors and prepayments in note 11. Also included in the
increase in provision is an amount for £5.3 million in respect of re-organisational change approved by Group
Board in March 2011.
Notes to the historical financial information
Years ended 31 March 2010 and 2011
15. Share capital
2010 2011
£ £
Shares of £1 each issued and fully paid
At beginning of the year 107 20
Issued during year 16 3
Cancelled during the year (103) (7)
At end of the year 20 16
The share capital of the Trust consists of shares with the nominal value of £1 each which carry no rights to
dividends or other shares in issue are not capable of being repaid or transferred.
When a shareholder ceases to be a member, that person‟s share is cancelled and the amount paid up thereon
becomes the property of the Trust. All shareholding relates to non-equity interests.
Group shareholding includes 5 shares in subsidiary undertakings held by the Trust.
16a. Revenue reserves
2010 2011
£’m £’m
At beginning of the year (as reported in the Group financial statements for
the year ended 31 March 2009) 350.8
Prior year adjustment on adoption of SORP 2010 7.3
At beginning of the year as restated 358.1 410.2
Actuarial gain/(loss) on pension scheme liability (16.5) 13.4
Surplus for the year 68.6 43.8
At end of the year 410.2 467.4
16b. Cash flow hedge reserve
2010 2011
£’m £’m
At beginning of the year (41.5) (28.3)
Gains recognised through the statement of recognised surpluses and deficits 13.2 4.0
At end of the year (28.3) (24.3)
Notes to the historical financial information
Years ended 31 March 2010 and 2011
17. Negative goodwill
2010 2011
£’m £’m
At beginning of the year (as reported in the Group financial statements for the year
ended 31 March 2009) 44.2
Prior year adjustment on the adoption of SORP 2010 (44.2)
At beginning of the year as restated - -
Amortisation in the year - -
At end of the year - -
18. Housing stock
Homes managed 2010 2011
No. No.
Social housing accommodation
General needs housing 42,753 45,545
Supported housing and housing for older people 4,726 4,866
Key worker accommodation 1,204 1,021
Low cost home ownership 5,289 5,817
Intermediate market rent 592 924
Leaseholders 3,201 4,611
Total social housing 57,765 62,784
Non social housing accommodation
Market renting 54 39
Student accommodation 664 691
Other shared equity and non social lease 3,608 3,597
Total non-social housing 4,326 4,327
Total 62,091 67,111
Housing under development 9,800 8,900
Notes to the historical financial information
Years ended 31 March 2010 and 2011
19a. Reconciliation of operating surplus to net cash inflow from operating activities
2010 2011
£'m £'m
Operating surplus 93.8 88.8
Depreciation and impairment charges 31.3 39.2
Change in properties held for sale 30.0 (12.3)
Change in debtors (1.6) (11.9)
Change in creditors 4.5 3.5
Change in provision (0.5) 4.3
Net cash inflow from operating activities 157.5 111.6
19b. Reconciliation of net cash flow to movement in net debt
2010 2011
£'m £'m
(Decrease)/Increase in cash in the year (1.4) 10.8
Cash (inflow)/outflow from change in debt (240.8) 4.4
Cash outflow/(inflow) from management of liquid resources 209.6 (80.5)
Change in net debt resulting from cash flows (32.6) (65.3)
Change in net debt resulting from non cash flows 8.8 0.8
Total changes in net debt for the year (23.8) (64.5)
Net debt at beginning of the year (1,430.8) (1,454.6)
Net debt at end of the year (1,454.6) (1,519.1)
19c. Analysis of changes in net debt
At 1 April 2010 Cash flow Non cash flow
At 31 March
2011
£'m £'m £'m £'m
Cash at bank and in hand 77.9 10.8 - 88.7
Cash on deposit 254.6 (80.5) - 174.1
332.5 (69.7) - 262.8
Debt due within one year (5.1) 5.1 (3.1) (3.1)
Debt due after one year (1,782.0) (0.7) 3.9 (1,778.8)
Net debt (1,454.6) (65.3) 0.8 (1,519.1)
At 1 April 2009 Cash flow Non cash flow
At 31 March
2010
£'m £'m £'m £'m
Cash at bank and in hand 79.3 (1.4) - 77.9
Cash on deposit 45.0 209.6 - 254.6
124.3 208.2 - 332.5
Debt due within one year (10.7) 10.7 (5.1) (5.1)
Debt due after one year (1,544.4) (251.5) 13.9 (1,782.0)
Net debt (1,430.8) (32.6) 8.8 (1,454.6)
Notes to the historical financial information
Years ended 31 March 2010 and 2011
20. Pensions
London & Quadrant Housing Trust contributes to five defined benefit schemes:
London & Quadrant Housing Trust scheme with 125 active members (2010: 126)
London Borough of Waltham Forest scheme with 6 active members (2010: 6)
Bucks County Council scheme with 4 active members (2010: 5)
London Borough of Bexley scheme with 3 active members (2010: 3)
London Borough of Redbridge scheme with 1 active member (2010: 1)
The London & Quadrant Housing Trust scheme was closed to new members during 2001. The pension cost is
assessed in accordance with the advice of an independent professionally qualified actuary using the projected
accrued benefit method and is not materially different from that arising from the current employer‟s
contribution rate. There was no deficiency within the schemes on the Statutory Minimum Funding
Requirement as at the date of the last review.
The pension contributions payable by L&Q to the Trust scheme during the accounting period were equal to
22.8% of pensionable salary for the accounting period as recommended by the actuary. Surpluses and deficits
are spread over employees‟ future service lives, and the pensions charge recorded by L&Q during the
accounting period was equal to the contributions payable. The pension contributions paid during the year
ended 31 March 2011 for the other schemes were:
London Borough of Waltham Forest scheme 12.4%
Bucks County Council scheme 15%
London Borough of Bexley Scheme 32.3%
London Borough of Redbridge scheme 18%
The results of the schemes as set out below have been prepared by the London & Quadrant Housing Trust
scheme actuary using the best estimate chosen from a range of possible actuarial assumptions which, due to
the timescale covered, may not necessarily be borne out in practice.
Financial Assumptions 2010 2011
Discount Rate 5.5% 5.5%
Inflation (RPI) 3.7% 3.5%
Inflation (CPI) - 3.0%
Salary Growth 4.85% 3.5%
Mortality
base table PCA(00) PCA(00)
improvement Medium Cohort Medium Cohort
projection year Year of birth approach Year of birth approach
Note: the mortality tables have been chosen based on published research by the Continuous Mortality Investigation Bureau of the
Institute of Actuaries and Faculty of Actuaries
In July 2010 the UK Government announced that the statutory minimum level of revaluation for deferred
pensions would, in the future be calculated using the Consumer Prices Index ("CPI"), rather than the Retail
Prices Index ("RPI"). In the London & Quadrant Housing Trust Scheme, revaluation of deferred pensions is in
line with the statutory minimum, and therefore we have made an assumption about future rates of CPI in order
to value deferred pensions. Our assumption regarding future CPI rates is lower than for RPI rates, and we
estimate that the impact of this change is to reduce pension liabilities by £2.3 million. This amount has been
recognised in the Statement of Total Recognised Surpluses and Deficits.
Notes to the historical financial information
Years ended 31 March 2010 and 2011
20. Pensions Continued
2010 2011
£’m £’m
Analysis of the amount charged to operating profit
Current service cost (0.9) (1.6)
Past service cost - 0.9
Total operating charge (0.9) (0.7)
2010 2011
£’m £’m
Analysis of the amount credited to other financial income
Expected return on plan assets 3.6 5.4
Interest on plan liabilities (4.7) (5.7)
Net returns (1.1) (0.3)
2010 2011
£’m £’m
Analysis of amount recognised in statement of total recognised surplus and
deficits
Actual return less expected return on plan assets 18.7 1.2
Experience (loss)/gain arising on the plan liabilities (3.3) 4.6
Changes in assumptions underlying the present value of the plan liabilities (31.9) 7.6
Actuarial (loss)/gain recognised (16.5) 13.4
2010 2011
£’m £’m
Movement in deficit during the year
Net deficit at beginning of the year (10.1) (26.2)
Movement in year:
Current service cost (0.9) (1.6)
Employer contributions 2.4 2.4
Past service costs - 0.9
Other financial income (1.1) (0.3)
Actuarial (loss)/gain (16.5) 13.4
Net deficit at end of the year (26.2) (11.4)
2010 2011
£’m £’m
Movement in liabilities during the year
Past service liability at beginning of the year 65.4 104.2
Service cost 0.9 1.6
Interest cost 4.7 5.7
Plan participant contributions 0.6 0.5
Past service costs - (0.9)
Actuarial (gains)/losses
- due to changes in assumptions 31.9 (7.6)
- due to experience 3.3 (4.6)
Benefits paid (2.6) (2.6)
Past service liability at end of the year 104.2 96.3
Notes to the historical financial information
Years ended 31 March 2010 and 2011
20. Pensions (continued)
2010 2011
£’m £’m
Movement in fair value of plan assets
At beginning of the year 55.3 78.0
Expected return on assets 3.6 5.4
Actuarial gains 18.7 1.2
Employer contributions 2.4 2.4
Plan participant contributions 0.6 0.5
Benefits Paid (2.6) (2.6)
At end of the year 78.0 84.9
2010 2010 2011 2011
£’m % £’m %
Plan Assets by class of asset (bid value)
Equities 42.7 54.8% 46.3 54.6%
Gilts 7.7 9.9% 8.7 10.2%
Corporate bonds 18.9 24.2% 20.1 23.6%
Property 7.1 9.0% 7.8 9.2%
Cash 0.7 0.9% 0.7 0.8%
Other assets 0.9 1.2% 1.3 1.6%
78.0 100.0% 84.9 100.0%
2007 2008 2009 2010 2011
£‟m £‟m £‟m £‟m £’m
Five year history
Present value of funded liabilities (74.0) (72.8) (65.4) (104.2) (96.3)
Present value of unfunded liabilities - - - - -
Total present value of liabilities (74.0) (72.8) (65.4) (104.2) (96.3)
Fair Value of Plan Assets 67.3 65.6 55.3 78.0 84.9
Net Deficit (6.7) (7.2) (10.1) (26.2) (11.4)
2007 2008 2009 2010 2011
£‟m £‟m £‟m £‟m £’m
The Plan‟s experience gains and losses over the year
were as follows:
Difference between the expected and actual return on
Plan assets
(£‟m) 1.1 (7.3) (14.8) 18.7 1.2
Percentage of Plan assets 1.6% (11.2)% (26.7)% 24.0% 1.4%
Experience gains/(losses) on Plan liabilities
(£‟m) 0.2 0.2 (2.1) (3.3) 4.6
Percentage of the present value of Plan liabilities 0.2% 0.3% (3.2)% (3.2)% 4.8%
Total amount recognised in statement of total
recognised gains and losses
(£‟m) 2.2 (1.2) (3.6) (16.5) 13.4
Percentage of the present value of the Plan liabilities 30.0% (1.7)% (5.5)% (15.8)% 13.9%
Notes to the historical financial information
Years ended 31 March 2010 and 2011
20. Pensions (continued)
The Group also participates in the Social Housing Pension Scheme (SHPS). The Scheme is funded and is
contracted out of the state scheme.
It is not possible in the normal course of events to identify on a consistent and reasonable basis the share of
underlying assets and liabilities belonging to individual participating employers. This is because the scheme
is a multi employer scheme where the scheme assets are co-mingled for investment purposes, and benefits are
paid from total scheme assets. Accordingly, due to the nature of the Scheme, the accounting charge for the
period under FRS17 represents the employer contribution payable.
The Trustee commissions an actuarial valuation of the Scheme every three years. The main purpose of the
valuation is to determine the financial position of the Scheme in order to address the level of future
contributions required so that the Scheme can meet its pension obligations as they fall due.
The last formal valuation of the Scheme was performed as at 30 September 2008 by a professionally qualified
actuary using the Projected Unit Method. The market value of the Scheme‟s assets at the valuation date was
£1,527 million. The valuation revealed a shortfall of assets compared with the value of liabilities of £663
million, equivalent to a past service funding level of 70%.
The Scheme Actuary has prepared an Actuarial Report that provides an approximate update on the funding
position of the Scheme as at 30 September 2010. Such a report is required by legislation for years in which a
full actuarial valuation is not carried out. The funding update revealed an increase in the assets of the Scheme
to £1,985 million and indicated a reduction in the shortfall of assets compared to liabilities to approximately
£497 million, equivalent to a past service funding level of 80.0%.
The next triennial formal valuation of the Scheme is due as at 30 September 2011. The results of the valuation
will be available in the autumn of 2012.
21. Capital commitments
2010 2011
£'m £'m
Capital expenditure that has been contracted for but has not been provided for in these
historical financial information 354.8 477.5
Capital expenditure that has been authorised by the Governing Board but has not yet
been contracted for 911.6 802.7
1,266.4 1,280.2
The Group expects to finance contracted commitments through:
Social Housing Grant 118.0 108.7
Sales receipts 80.0 196.0
Cash at bank and undrawn loans 156.8 172.8
354.8 477.5
Notes to the historical financial information
Years ended 31 March 2010 and 2011
22. Legislative provisions
The Trust is incorporated under the Industrial & Provident Societies Act 1965 with reference 30441R and is
registered with the Tenant Services Authority under reference L4517.
23. Commitments under operating leases
2010 2011
£'m £'m
Annual commitments under operating leases are as set out below:
Operating leases which expire:
Less than one year 0.1 0.6
Between one and five years 0.5 0.1
After five years 0.3 0.7
0.9 1.4
24. Related party transactions
All subsidiaries as listed below are fully owned by London & Quadrant Housing Trust which is the ultimate
holding entity of these companies.
Subsidiary Status Activity
Zest Homes Limited Limited company registered in England and
Wales
Property development and housing for
outright sale
Quadrant Construction
Services Limited
Limited company registered in England and
Wales
Construction and development services
provided to Group members
Quadrant Housing
Finance Limited
Registered in England & Wales under the
Industrial & Provident Societies Act 1965
Bond finance provided to Group
members
During the year ended 31 March 2011 intra-group charges of £9.9 million (2010: £9.9 million) were made in
respect of interest on loans from Quadrant Housing Finance Limited to London & Quadrant Housing Trust.
All other intra-group charges relate to the recovery of common costs in the usual course of business.
All transactions in respect of tenant board members and other related public or commercial entities have been
carried out at arms length and under normal commercial terms.
Notes to the historical financial information
Years ended 31 March 2010 and 2011
25. Joint arrangements
Balance sheets of joint arrangements included as at 31 March 2011
Academy
Central
Countryside
Zest
Mode
Homes
Alie
Street
Acton
Gardens
Joint
arrangement
total
£‟m £‟m £‟m £‟m £‟m £’m
Current assets
Properties held for sale 13.9 5.5 - 12.8 - 32.2
Debtors 1.0 - - 0.4 - 1.4
Cash at bank & in hand 0.1 - - - - 0.1
15.0 5.5 - 13.2 - 33.7
Creditors: amounts falling due within
one year (0.3) (0.6) - (4.7) - (5.6)
Total assets less current liabilities 14.7 4.9 - 8.5 - 28.1
Creditors: amounts falling due after
more than one year - -
- -
- -
Net assets 14.7 4.9 - 8.5 - 28.1
Represented by:
Investment in Limited liability
partnerships 14.7 4.9 - 8.5 - 28.1
Balance sheets of joint arrangements included as at 31 March 2010
Academy
Central
Countryside
Zest
Mode
Homes
Joint
arrangement
total
£‟m £‟m £‟m £’m
Current assets
Properties held for sale 14.2 4.8 0.5 19.5
Debtors 0.1 0.5 - 0.6
Cash at bank & in hand 0.1 - - 0.1
14.4 5.3 0.5 20.2
Creditors: amounts falling due within
one year (0.2) (0.6) - (0.8)
Total assets less current liabilities 14.2 4.7 0.5 19.4
Creditors: amounts falling due after
more than one year - -
- -
Net assets 14.2 4.7 0.5 19.4
Represented by:
Investment in Limited liability
partnerships 14.2 4.7 0.5 19.4
The Group participates in three active joint arrangements to carry out large scale development projects:
Academy Central, a partnership with Taylor Wimpey in which the Group has a 38% interest and 50% voting
rights, Countryside Zest, a partnership with Countryside Properties Limited in which the Group has a 50%
interest and voting rights and Alie Street, a partnership with Barratt Development PLC Group in which the
Group has a 50% interest and voting rights.
In March 2011, Acton Gardens, a new joint arrangement was set up with Countryside Properties Limited and
as at 31 March 2011 had not started trading.
The above tables represent the assets and liabilities consolidated within the Group balance sheet in respect of
these arrangements.
The Mode Homes partnership with Greenwich Peninsula Regeneration Limited and Moat Homes Limited is
currently dormant.
Notes to the historical financial information
Years ended 31 March 2010 and 2011
26. Financial instruments and risk management
A summary of the financial instruments held by category is provided below:
Financial assets at fair
value Loans and receivables
Financial assets 2010 2011 2010 2011
£'m £'m £'m £'m
Homebuy investments - - 26.9 27.7
Cash 332.5 262.8 - -
Debtors - - 26.3 126.3
332.5 262.8 53.2 154.0
Financial liabilities
Financial liabilities at
fair value
Financial liabilities at
amortised cost
2010 2011 2010 2011
£'m £'m £'m £'m
Trade and other payables - - 152.5 135.3
Loans and borrowings - - 1,787.1 1,781.9
Derivatives -
Designated hedges 28.2 24.3 - -
Fair value through income and expenditure 4.1 2.2 - -
32.3 26.5 1,939.6 1,917.2
Valuation
All financial assets or liabilities at fair value are calculated using measurements based on inputs that are
observable for the asset either directly or indirectly from prices. All other loans and receivables are shown at
historical book value.
A comparison of the book value to the fair value of the Group‟s long-term borrowings at 31 March is set out
below:
2010
Book value
2010
Fair value
2011
Book value
2011
Fair value
£'m £'m £'m £'m
Short term debt 5.1 5.1 3.1 3.1
Long term debt 1,782.0 1,720.4 1,778.8 1,719.1
1,787.1 1,725.5 1,781.9 1,722.2
Notes to the historical financial information
Years ended 31 March 2010 and 2011
26. Financial instruments and risk management (continued)
Risk
The main risk arising from the Group‟s financial instruments are interest rate risk and liquidity risk.
Interest rate risk
The Group finances its operations through a mixture of retained surpluses, grant and bank borrowings. The
Group‟s interest rate management ensure that a minimum of 40% of its drawn funds should be fixed on a long
term basis, a minimum of 20% should be kept on variable rates and the remaining 40% is fixed, hedged, or
kept at variable rates depending on prevailing market conditions and business need.
Cash flow hedges are entered into to hedge exposure to the variability in cash flows attributable to movements
in GBP interest rates. Group Board has agreed that up to 80% of total drawn floating rate debt may be fixed at
any one time. This is documented in the treasury policy allowing the Group to enter into a Pound Sterling
(GBP) Interest Rate Swap contracts whereby the Group agrees to pay interest at a fixed rate and receive
interest at a floating rate. The interest rate swaps are designated as a hedge of the variability in the debt
interest payments due to changes in the benchmark interest rate (LIBOR). This method reflects the risk
management objective of the hedging relationship that is to swap a series of future variable cash flows to a
fixed rate. The periods in which the hedged variable rates of interest payments are expected to occur are set
out in the maturity analysis in note 12(b).
Sensitivity analysis on the Group‟s cash flow interest rate exposure demonstrates that on variable rate debt
(including outstanding financial instrument contracts) which is subject to rate changes, a 0.5% increase in
interest rates (LIBOR) would result in an additional charge to the income and expenditure account of £1.8
million (2010: £1.5 million) per annum.
On the £300 million of notional fixed rate paying financial instruments outstanding as at 31 March 2011, a
0.01% parallel reduction in implied forward rates (DV01) would result in a fair value movement of £0.5
million (2010: £0.1 million) of which £0.002 million (2010: £0.00004 million) would be recognised in the
income and expenditure account where hedge accounting has not been applied or where the ineffective portion
of changes in fair value are expected to be recognised through the income and expenditure account.
Liquidity risk
The Group has a policy to maintain sufficient liquidity in cash and lending facilities to cover 15 months of
operational activity. At the year end 95% of the Group‟s borrowings were due to mature in more than five
years. The liquidity risk of each Group entity is managed centrally by the Group treasury function on a
monthly basis to adhere to Group policy.
Credit risk
Credit risk applies to all debtor balances, the majority relating to tenant and other arrears which are reported
monthly with dedicated teams assigned to manage recovery of those arrears. The Group fully provides for
former tenant arrears except where recovery is assessed as likely. Provision against current tenant arrears is
made based on the aged profile of the amounts due. More than 50% of the arrears are collected directly from
local authorities in the form of housing benefits therefore reducing the Group‟s exposure to individual tenant‟s
credit risk.
Notes to the historical financial information
Years ended 31 March 2010 and 2011
26. Financial instruments and risk management (continued)
Arrears provision 2010 2011
£’m £’m
At beginning of the year 13.9 14.6
Movement in provision 1.4 (4.2)
Amounts written off (0.7) -
At end of the year 14.6 10.4
Arrears 2010 2011
£’m £’m
Less than 30 days 5.5 4.5
30 to 60 days 2.3 2.2
60 to 90 days 1.2 1.4
More than 90 days 14.9 15.1
At end of the year 23.9 23.2
Included in the above are £7.4 million (2010: £10.4 million) of former tenant arrears which have been fully
provided for.
All other sundry debtors of £5.2 million (2010: £2.4 million) have normal payment terms of 30 days and are
not impaired.
27. SORP 2010 adjustment
The financial information has been prepared in accordance with the Statement of Recommended Practice –
Accounting by registered social housing providers – Update 2010. An adjustment has been required in respect
of the following items:
1. The adoption of component accounting has resulted in the capitalisation of major repairs which had
previously been expensed, writing off the residual values of any components that have been replaced
and expensing the additional depreciation arising as a consequence of the shorter component lives.
This has resulted in a net prior period adjustment of £36.9 million.
2. Business combinations where there was a gifting of control are now accounted for as non-exchange
transactions and the fair value of the assets and liabilities in the combining entity are treated as a gain
to the income and expenditure account. This has resulted in the transfer of the negative goodwill
reserve to revenue reserves through a prior year adjustment of £44.2m as at 31 March 2009 which is
effectively the opening position for the financial information in respect of year ended 31 March 2010.
Notes to the historical financial information
Years ended 31 March 2010 and 2011
27. SORP 2010 adjustment (continued)
As a result the figures for the years ended 31 March 2010 and 31 March 2011 have been adjusted as follows:
2010 2010 2011 2011
Surplus
for the
year
£’m
Net assets
£’m
Surplus
for the
year
£’m
Net assets
£’m
As previously reported in the statutory financial
statements of the Group 61.3 411.1
40.7 466.7
Effect of the adoption of component accounting 7.8 (29.2) 5.5 (23.7)
Effect of the change of accounting for non-exchange
transactions (0.5) -
(2.4) -
As restated 68.6 381.9 43.8 443.0
Further analysis is provided as:
Housing
Property Cost
Housing
Property
Depreciation
Negative
Goodwill
Revenue
Reserves
£’m £’m £’m £’m
Balance at 31 March 2009 – As previously
stated 4,079.8 (52.4)
44.2 350.8
Adoption of component accounting 166.5 (203.4) - (36.9)
Accounting for non-exchange transactions - (44.2) 44.2
Balance at 31 March 2009 - As restated 4,246.3 (255.8) - 358.1
100
VALUATION REPORT
The valuation report set out below (the Valuation Report) was prepared by DTZ Debenham Tie Leung Limited, Registered Chartered Surveyors, of 2 The Embankment, Sovereign Street, Leeds LS1 4BP (the Valuer) and relates to the properties which will be charged pursuant to the Trust Deed on the Closing Date. It is included in this Offering Circular, in the form and context in which it is included, at the Issuer's request and with the consent of the Valuer and the Valuer has authorised the contents of this section.
The Valuer does not have a material interest in the Issuer.
Summary of valuations
A summary of the values of the properties set out in the valuation report is set out below:
EUV-SH / MV-ST as appropriate Total Units Valued on EUV-SH basis Units Valued on MV-ST basis No. £ No. £ £ 150 £8,595,480 2,865 £374,519,520 £383,115,000
Report and Valuation as at 3
rd April 2012
Prepared on behalf of:
Prudential Trustee Company Limited (as Trustee) Barclays Bank PLC (as Joint Bookrunner) Lloyds TSB Bank plc (as Joint Bookrunner) The Royal Bank of Scotland plc (as Joint Bookrunner) London & Quadrant Housing Trust (as Issuer) Valuation of housing stock relating to the issue of £250,000,000 4.625 per cent. Secured Bonds due 2033 (the “Bonds”) to be issued by London & Quadrant Housing Trust (the “Issuer”) pursuant to a Trust Deed to be dated on or around the 5th April 2012 between the Issuer and Prudential Trustee Company Limited (the “Trustee”) as trustee for itself and the holders of the Bonds.
Private & Confidential
DTZ
St Paul‟s House
23 Park Square South
Leeds
LS1 2ND
London & Quadrant Housing Trust
Prudential Trustee Company Limited Barclays Bank PLC
The Royal Bank of Scotland plc Lloyds TSB Bank plc
Job No: 120ULL00 Date of Report: 3
rd April 2012
Date of Valuation: 3rd
April 2012
Contents
1. Introduction 1 2. Valuation Assumptions 4 3. Valuation Summary 7 4. Terms and Conditions 9 4.1 Basis of Valuation – Definitions 9
4.2 Deduction of Notional Purchaser’s Costs 10
4.3 Tenancy Agreements 11
4.4 Title 11
4.5 Planning and Statutory Requirements 11
4.6 Special Purchaser 11
4.7 Taxation 12
4.8 Plant, Machinery and Common Facilities 12
4.9 Condition of Structure and Services, Deleterious Materials 12
4.10 Contamination 13
4.11 Tenancies 13
4.12 Restrictive Covenants and Easements 13
4.13 Nomination Rights 14
4.14 Insurance 14
4.15 Confidentiality and Disclosure 14
5. Current Financial Market 14 6. Details of the Properties – Property Overview 15
Appendices
Appendix A – Valuation Summary at Scheme Level
Appendix B – Valuation Summary at Individual Property Level
London & Quadrant Housing Trust Prudential Trustee Company Limited
Barclays Bank PLC The Royal Bank of Scotland plc
Lloyds TSB Bank plc Job No: 120ULL00
Date of Report: 3rd
April 2012 Date of Valuation: 3
rd April 2012
Prudential Trustee Company Limited (as Trustee)
5 Laurence Pountney Hill
London
EC4R 0HH
(as defined in a Trust Deed to be entered into, inter alia, between Prudential Trustee Company Limited
and London & Quadrant Housing Trust as amended, novated, restated, varied or supplemented from
time to time (the "Trust Deed") for itself and on behalf of the Bondholders and Couponholders as
defined in the Trust Deed)
Barclays Bank PLC (as Joint Bookrunner)
5 The North Colonnade
Canary Wharf
London
E14 4BB
Lloyds TSB Bank plc (as Joint Bookrunner)
10 Gresham Street
London
EC2V 7AE
The Royal Bank of Scotland plc (as Joint Bookrunner)
135 Bishopsgate
London
EC2M 3UR
London & Quadrant Housing Trust (the Issuer)
Osborn House
Osborn Terrace
London
SE3 9DR
1. Introduction
Our instruction is from London & Quadrant Housing Trust, to whom, among others, this report
is addressed and is based upon a letter dated 2nd
February 2012. We also refer to our letter of
engagement dated 3rd
February 2012.
All properties inspected are understood to be owned by London & Quadrant Housing Trust
(referred to as the Association for the purpose of this report) and we understand that our
report will be used to assess the suitability of the stock as security for a Bond Issue (as
defined below).
London & Quadrant Housing Trust Prudential Trustee Company Limited
Barclays Bank PLC The Royal Bank of Scotland plc
Lloyds TSB Bank plc Job No: 120ULL00
Date of Report: 3rd
April 2012 Date of Valuation: 3
rd April 2012
We confirm that the valuations have been made in accordance with the Royal Institution of
Chartered Surveyors (RICS) Appraisal and Valuation Standards Eighth Edition issued by the
RICS and that they have been undertaken by us, acting as External Valuers, qualified for the
purpose of this valuation.
Our valuation has been based upon information and a rental schedule dated 27th January
2012. Our opinions of value are as at the date of this report. The importance of the date of the
valuation must be stressed as property values can change over a relatively short period of
time. The inspection programme comprised of a 100% external inspection and internal
inspections of a representative sample. This inspection programme was completed on 16th
March 2012. The schedules and surveys provide valuations on the following bases:
a) ‘Market’ Value – Subject to Tenancies (MV-STT)
In particular this method takes into consideration:
ii) open market disposal
iii) rents may be reviewed to market rental levels
iv) void units may be sold where appropriate
v) assumes that completion of a sale of the interest in the property took place on the
date of valuation following appropriate marketing
b) Existing Use Value for Social Housing (EUV-SH)
In particular this method takes into consideration:
i) disposal is restricted to another body pursuant to the delivery of a service for
existing use
ii) rental levels will remain affordable (typical housing association rents)
iii) void units are re-let
iv) there has been a reasonable period for marketing the interest
c) Market Value – Vacant Possession (MV-VP)
This method takes into consideration the individual property values and assumes a
phased disposal of the stock in accordance with the RICS Guidelines. (It should be noted
this value is intended as a guide only and cannot be achieved within a portfolio valuation).
These bases should be read in conjunction with the full descriptions in the Terms and
Conditions set out in Section 4.
We confirm that there will be no material difference in the MV-STT and EUV-SH cashflow
valuations between freehold and long leasehold interests and therefore we do not feel that
separate summaries are required. This is not in breach of RICS valuation standards.
London & Quadrant Housing Trust Prudential Trustee Company Limited
Barclays Bank PLC The Royal Bank of Scotland plc
Lloyds TSB Bank plc Job No: 120ULL00
Date of Report: 3rd
April 2012 Date of Valuation: 3
rd April 2012
We confirm that any current, anticipated or recent fee earning involvement with the
Association, which we have carried out between 1994 and 2012, does not create any conflict
in preparing the advice requested by you. We also confirm that DTZ‟s anticipated fee income
from the Association is less than 5% of DTZ‟s total fee income.
In preparing the valuations we have not considered the financial status of the Association and
therefore have assumed that it will each remain in a position to honour its financial,
management and maintenance obligations at the time of valuation.
We can confirm that employees of DTZ have carried out all inspections.
London & Quadrant Housing Trust Prudential Trustee Company Limited
Barclays Bank PLC The Royal Bank of Scotland plc
Lloyds TSB Bank plc Job No: 120ULL00
Date of Report: 3rd
April 2012 Date of Valuation: 3
rd April 2012
2. Valuation Assumptions
Certain assumptions have been made in order to arrive at the valuation of the housing stock.
1) The current rents and the 2012 target rents are correct. These rents are gross rents
and the predicted year 2012 rents are exclusive of inflation.
2) Where we have given our opinion of Existing Use Value – Social Housing, we have
assumed the continuation of existing social policy.
3) Where appropriate to the bases of valuation and where we consider the property to be
under-rented at the date of valuation, we have assumed uplift to a market related level
over a number of years. The increases take account of the nature of the housing and
the need to raise rents to a level, which would not cause any undue distortion to bad
debts and voids.
4) Where properties are re-let, these will be let at the appropriate target rental level for that
year.
5) The cash flow analysis has been calculated over a 30-year period using a discounted
rate of 5.75% in respect of Existing Use Value – Social Housing, 6.75% in respect of
Market Value – Subject to Tenancies and Shared Ownership units, unless location, risk
and other factors dictate otherwise.
6) Rental increases and growth rates have been taken net of inflation throughout the term
of the cash flow, unless specifically stated otherwise.
7) We are instructed that secure tenants as defined in the Housing Act 1988 have no
„Right to Buy‟ option and accordingly this has been disregarded in our valuation.
8) Our valuation specifically excludes any effect of disposal transaction(s) under existing or
proposed „Right to Buy‟ or „Right to Acquire‟ legislation.
9) Sale prices of units are net of disposal costs and include a void period. No allowance
has been made for any tax on disposal.
10) Reactive repairs, long term planned maintenance and major repair liabilities have been
included in the valuation based on actual historical costs where provided and our
assessment of future costs.
11) Where properties are less than 10 years old, they have the benefit of an NHBC
(National House Builders Council) or equivalent warranty.
12) The cost of building insurance premiums is average.
13) Any alterations to properties, undertaken by tenants or the Association, conform to
building regulations and satisfy any associated planning requirements.
London & Quadrant Housing Trust Prudential Trustee Company Limited
Barclays Bank PLC The Royal Bank of Scotland plc
Lloyds TSB Bank plc Job No: 120ULL00
Date of Report: 3rd
April 2012 Date of Valuation: 3
rd April 2012
14) Management costs have been included in the valuation taking into consideration the
actual costs of management of the units by the Association and our assessment of
typical housing association and private sector costs.
15) Provisions for bad debts and voids have been included in the valuation taking due
consideration of historical information supplied by the Association and our assessment
of future provisions.
16) The interest in each scheme or cluster has been valued separately and not on the basis
that it forms part of a portfolio, larger group or cluster. Therefore the aggregate total
value of the schemes is not necessarily the value of the whole portfolio if it were to be
sold as a single interest, as this for example could in turn incur a higher level of stamp
duty where applicable.
17) We have assumed the current tenant profile and mix will remain stable throughout the
term of the security and that there will be no transfer of secure tenants with a statutory
„Right to Buy‟ option into the subject properties.
18) All roads and services within each scheme or cluster on which the properties are
dependent are assumed to be made up to an adoptable standard and maintained by the
respective authority and statutory undertaker, unless otherwise stated.
19) There are no adverse location or environmental factors, which may affect value, such as
flooding or noise pollution.
20) Where properties are held on long leasehold, these are assumed to be held at a
peppercorn rent or a net rent, without review and have an unexpired term of at least 99
years.
Valuation Assumptions for Shared Ownership Properties
21) All tenants initially purchase a minimum equity share of a long leasehold interest of their
dwelling unit, with an option to purchase additional shares up to 100%, where permitted.
22) Annual rental increases are in line with the Retail Price Index or the Retail Price Index
plus up to 2%.
23) The Association is required to notify the head lessor and funder and obtain their consent
prior to authorising and validating a „staircasing‟ or similar equity share transaction.
24) Tenants have an option to purchase additional shares within the initial year of
occupation.
25) The rent is paid by tenants on a pro-rata basis in contrast to the remaining share of the
long leasehold interest.
London & Quadrant Housing Trust Prudential Trustee Company Limited
Barclays Bank PLC The Royal Bank of Scotland plc
Lloyds TSB Bank plc Job No: 120ULL00
Date of Report: 3rd
April 2012 Date of Valuation: 3
rd April 2012
26) Proceeds of „staircase‟ or similar transactions go direct to the head lessor or lender for
apportionment on an agreed basis as determined in the funding agreement.
27) Initial leases for first owners are for a 99 year term.
28) The Association is responsible for payment of building insurance premiums, recovered
from tenants in full via a service charge.
29) The value of each equity share assumes no special purchaser status or payment of a
premium and is calculated as a straight percentage of the scheme‟s average unit capital
value at the respective year.
30) House occupiers are responsible for both their internal and external repairs, whilst flat
occupiers are covenanted to upkeep their accommodation internally only. Therefore,
when assessing the value on the assumption of vacant possession, the valuer can and
will assume the property is in good condition commensurate with the age and type of
construction.
31) Reactive repairs, long term planned maintenance and major repair liabilities, for
communal areas or the external fabric of flats, have been included in the valuation
where necessary on the basis of actual historical costs and our assessment of future
costs.
32) Sale prices of shares in units are net of disposal costs. No allowance has been made
for any tax on disposal. The tenant upon initial and subsequent acquisition of shares of
their leasehold interest covers valuation survey and legal fees in full.
33) Current void units have been treated as being let at the time of valuation, with an
occupier‟s minimum 50% equity share ownership, unless otherwise stated on the
Discounted Cash Flow valuation page.
34) Vacant possession values and market rental comparable information has been sourced
from various information channels and includes Rightmove, Our Property, Land
Registry, independent agents and DTZ‟s database.
London & Quadrant Housing Trust Prudential Trustee Company Limited
Barclays Bank PLC The Royal Bank of Scotland plc
Lloyds TSB Bank plc Job No: 120ULL00
Date of Report: 3rd
April 2012 Date of Valuation: 3
rd April 2012
3. Valuation Summary
These valuations should be read only in conjunction with the valuation assumptions, terms and conditions and the respective Discounted Cash Flow valuations and report sections. The valuation summary at scheme level is included in Appendix A and the valuation summary at individual property level is included in Appendix B. A summary of the values of the properties set out in the Valuation Reports is set out below: -
Existing Use Value – Social Housing (EUV-SH) (Restricted Use)
Number of Units 150
Value
£8,595,480 (Eight Million Five Hundred and Ninety Five Thousand Four Hundred and
Eighty Pounds)
Market Value – Subject to Tenancies (MV-STT)
Number of Units 2865
Value £374,519,520
(Three Hundred and Seventy Four Million Five Hundred and Nineteen Thousand Five Hundred and Twenty Pounds)
Summary of Total Portfolio
Number of Units 3015
Value
£383,115,000 (Three Hundred and Eighty Three Million One Hundred and Fifteen
Thousand Pounds)
London & Quadrant Housing Trust Prudential Trustee Company Limited
Barclays Bank PLC The Royal Bank of Scotland plc
Lloyds TSB Bank plc Job No: 120ULL00
Date of Report: 3rd
April 2012 Date of Valuation: 3
rd April 2012
For the avoidance of doubt, we confirm that it would not be appropriate or possible to compare this
valuation with any values appearing in the Association‟s accounts. This report has been prepared in
accordance with the RICS Red Book.
The valuations are prepared on this basis so that we can determine the value recoverable if the
charges over the properties were enforced at the date of this report. We understand that the values
given in the Association‟s accounts are prepared at a historic cost basis, which considers how much
the properties have cost and will continue to cost the Association. This is an entirely different basis of
valuation from that used for loan security purposes.
London & Quadrant Housing Trust Prudential Trustee Company Limited
Barclays Bank PLC The Royal Bank of Scotland plc
Lloyds TSB Bank plc Job No: 120ULL00
Date of Report: 3rd
April 2012 Date of Valuation: 3
rd April 2012
4. Terms and Conditions
4.1 Basis of Valuation – Definitions
a) Market Value – Subject to Tenancies (MV-STT)
The value of the property has been assessed in accordance with the relevant parts of
the current RICS Appraisal and Valuation Standards. In particular, we have assessed
Market Value in accordance with PS 3.2. Under these provisions, the term “Market
Value” means “The estimated amount for which a property should exchange on the date
of valuation between a willing buyer and a willing seller in an arm‟s-length transaction
after proper marketing wherein the parties had each acted knowledgeably, prudently
and without compulsion”.
In undertaking our valuation on the basis of Market Value we have applied the
interpretative commentary which has been settled by the International Valuation
Standards Committee and which is included in PS 3.2. The RICS considers that the
application of the Market Value definition provides the same result as Open Market
Value, a basis of value supported by previous editions of the Red Book.
b) Existing Use Value – Social Housing (EUV-SH)
Existing Use Value for Social Housing (EUV-SH) is the estimated amount for which a
property should exchange, on the date of valuation, between a willing buyer and a
willing seller, in an arm‟s-length transaction, after proper marketing wherein the parties
had each acted knowledgeably, prudently and without compulsion, subject to the
following further Assumptions that:
the property will continue to be let by a body pursuant to delivery of a service for
the existing use;
at the valuation date, any regulatory body, in applying its criteria for approval,
would not unreasonably fetter the vendor‟s ability to dispose of the property to
organisations intending to manage their housing stock in accordance with that
regulatory body‟s requirements;
properties temporarily vacant pending re-letting should be valued, if there is a
letting demand, on the basis that the prospective purchaser intends to re-let them,
rather than with vacant possessions; and
any subsequent sales would be subject to all of the above Assumptions.
London & Quadrant Housing Trust Prudential Trustee Company Limited
Barclays Bank PLC The Royal Bank of Scotland plc
Lloyds TSB Bank plc Job No: 120ULL00
Date of Report: 3rd
April 2012 Date of Valuation: 3
rd April 2012
c) Aggregate ‘Market’ Vacant Possession Value (MV-VP)
This is the aggregate of the individual (market) vacant possession values of all the units,
assuming phased disposal without deduction of costs or incentives.
This basis is included as a guide only and does not represent an achievable level of
value.
Bases of Valuation for Shared Ownership
d) ‘Market Value’
This basis makes the further specific assumptions for Shared Ownership properties as
follows:
i) Rents will increase to the optimum level within the lease terms where appropriate.
e) Existing Use Value for Social Housing
This basis makes the further specific assumption for Shared Ownership properties that:
i) Rents will increase in accordance with lease terms and typical policies of
registered providers of social housing.
4.2 Deduction of Notional Purchaser’s Costs
We have not made any allowance for the vendor‟s sale costs or for any tax liabilities, which
may arise upon the disposal of the property.
Different notional purchaser‟s cost assumptions are made for the valuation bases as follows: -
a) Market Value – Subject to Tenancies
The values reported are the gross amount that would be paid by a willing purchaser for
that interest, less an allowance for an appropriate amount in respect of stamp duty and
acquisition costs. This allowance is 2.763% for gross values up to £250,000, 4.763%
for values greater than £250,000 and up to £500,000 and 5.763% for values in excess
of £500,000.
London & Quadrant Housing Trust Prudential Trustee Company Limited
Barclays Bank PLC The Royal Bank of Scotland plc
Lloyds TSB Bank plc Job No: 120ULL00
Date of Report: 3rd
April 2012 Date of Valuation: 3
rd April 2012
b) Existing Use Value for Social Housing
Whether the relevant Association is charitable or non charitable, we assume that no
stamp duty payments will be incurred. We have not made any allowance for the
vendor‟s sale costs or for any tax liabilities, which may arise upon the disposal of the
property. Similarly, no allowance has been made to reflect stamp duty that may be
payable by the purchaser. We have however made a deduction of 1.175% to reflect
typical solicitors and surveyors acquisition fees. Should stamp duty be deemed liable,
the value will be appropriately less than reported.
4.3 Tenancy Agreements
Written enquiries were made to the Association and no information was provided to us
regarding the existence of any non-standard Assured or Regulated Tenancy Agreements. We
have assumed all units are let on standard agreements unless noted to the contrary in the
respective reports.
4.4 Title
We have reviewed the final form Certificates of Title for the portfolio issued by Eversheds
Solicitors to be dated 19th March 2012 and can confirm that our valuations fully reflect the
disclosures contained therein. In particular, in respect of each unit which we have valued on
the basis of MV-STT, we confirm that (based on our review of the Certificates of Title) such
units may be disposed of by or on behalf of the Trustee on an unfettered basis (meaning
subject to existing tenancies disclosed in the Certificates of Title but not subject to any security
interest, option or other encumbrance or to any restriction preventing or restricting its sale to,
or use by, any person for residential use).
4.5 Planning and Statutory Requirements
We have assumed that the existing houses on site have been built in full compliance with valid
town planning and building regulations approval and that the properties are not subject to any
outstanding statutory notices as to their construction, use or occupation.
Unless our enquiries reveal to the contrary, we have also assumed that the existing use of the
properties is duly authorised or established and that no adverse Planning Proposals or
Restrictions apply.
4.6 Special Purchaser
No account has been taken of any offer that might be made by a specialist purchaser that
would otherwise cause an increase in value.
London & Quadrant Housing Trust Prudential Trustee Company Limited
Barclays Bank PLC The Royal Bank of Scotland plc
Lloyds TSB Bank plc Job No: 120ULL00
Date of Report: 3rd
April 2012 Date of Valuation: 3
rd April 2012
4.7 Taxation
No adjustment has been made to reflect any liability to taxation that may arise on disposal.
Furthermore, no allowance has been made to reflect any Government or other grants or
taxation allowance that may arise on disposal.
4.8 Plant, Machinery and Common Facilities
No allowance has been made in this valuation for any item of plant or machinery not forming
part of the services installations of the building. Specifically excluded have been all items of
plant, machinery and equipment installed wholly or primarily in connection with the tenants‟
occupation of the premises, furniture, furnishings and fixtures and fittings.
Where there are common facilities within the schemes and their usage is reflected in the rental
levels and agreements, we have assumed that these facilities will form part of the security.
4.9 Condition of Structure and Services, Deleterious Materials
A structural survey of all properties on each development has not been undertaken. We have
not arranged for investigation to be carried out to determine whether High Alumina Cement
Concrete, Calcium Chloride Additive or any other deleterious materials have been used in the
construction and we are therefore not able to confirm that the property is free from risk in this
regard.
In arriving at our opinion of value we have aimed to undertake sample internal inspections of a
minimum of 10% of the units to include a maximum of one of each unit type and to inspect
externally all schemes or clusters of property.
The inspections were not undertaken in order to provide a detailed statement as to the
condition of the housing stock, but to identify out goings for inclusion in the Discounted Cash
Flow analysis.
The Association or its advisers have specifically informed us that none of the subject
properties are designated „Defective‟ under the Housing Act 1988.
This report does not constitute a full and detailed description of the properties and a structural
investigation was not carried out. We did not inspect woodwork or other parts of the structure
which were covered, unexposed or inaccessible and we are therefore unable to guarantee that
such parts of the structure are free of rot, beetle or other defects.
We have not carried out any removal of internal linings in order to ascertain the condition of
the hidden structural members and can give no warranty regarding the areas not specifically
referred to in this report. We are unable to carry out any exposure work without the express
prior approval of the owners of the subject properties.
London & Quadrant Housing Trust Prudential Trustee Company Limited
Barclays Bank PLC The Royal Bank of Scotland plc
Lloyds TSB Bank plc Job No: 120ULL00
Date of Report: 3rd
April 2012 Date of Valuation: 3
rd April 2012
No mining, geological or other investigation has been undertaken to certify that the site is free
from any defects as to foundations nor have any investigations been undertaken into
environmental pollution or human health hazards caused by the accumulation, emission or
discharge of noxious gases or liquids caused by deposits of controlled or uncontrolled wastes.
4.10 Contamination
Written enquiries were made directly to the local offices of the Association and no information
was provided to us indicating that there has been pollution/contamination.
Our enquiries have not revealed any contamination affecting the property or neighbouring
property, which would affect our valuation. However, should it be established subsequently
that contamination exists at the property or on any neighbouring land, or that the premises
have been or are being put to any contaminative use, this might reduce the valuation now
reported.
Our enquiries, in our opinion, are reasonable provided that searches undertaken by the
Association‟s advisers do not indicate any further matters of concern in this regard. Where
there is an exception and the Association has made us aware of this, we have made further
comment in this report.
In practice, purchasers in the property market do not make assumptions about contamination
and a purchaser of this property may require appropriate investigations to be made so as to
assess any risk before completing a transaction.
If a purchaser makes investigations and reveals contamination, then this is likely to reduce the
values being reported.
4.11 Tenancies
The housing stock is subject to all existing residential tenancies at the date of valuation.
Where the tenancies have been created by the Housing Act 1988, we have assumed, for the
purpose of this valuation, that they are „Assured‟ tenancies and that the tenants enjoy security
of tenure and statutory succession, but do not enjoy a statutory „Right to Buy‟ their homes.
Where the tenancies are „Secure‟ as defined in the Housing Act 1988, these have been clearly
identified in the Tenancy Schedule within our report.
4.12 Restrictive Covenants and Easements
Our valuation assumes that there are no unknown burdens pecuniary or otherwise affecting
the subject properties, which would have an adverse affect on saleability. In particular, there
are no servitudes, „Right of Way‟ or other outstanding repair liabilities of which the Association
has not informed us.
London & Quadrant Housing Trust Prudential Trustee Company Limited
Barclays Bank PLC The Royal Bank of Scotland plc
Lloyds TSB Bank plc Job No: 120ULL00
Date of Report: 3rd
April 2012 Date of Valuation: 3
rd April 2012
4.13 Nomination Rights
The Association has informed us that nomination rights are not legally binding to any new
purchaser on the transfer of the freehold/long leasehold interest. Where there are current
nomination rights, these are described within the content of this report.
4.14 Insurance
Where reference has been made to a replacement valuation for fire insurance purposes these
have been calculated on the basis of individual houses costs using the RICS/BCIS Guide.
4.15 Confidentiality and Disclosure
This report is issued for the benefit and use of the addressees and for inclusion in the offering
circular for the issue of the Bonds (the “Offering Circular” and the “Bond Issue” respectively)
and may only be used in connection with the Offering Circular and the Bond Issue. We hereby
give our consent to the publication of this valuation report within the Offering Circular and
accept responsibility for the information contained in this report.
5. Current Financial Market
The financial markets have seen significant turbulence over the last year or so resulting in
severe liquidity shortages. The turmoil in the credit markets had an immediate effect on the
real estate investment market resulting in some transactions failing and/or prices being
renegotiated downwards. This has caused a marked reduction in the volume of transactions
with activity below the levels of recent years. The negotiation of price chips prior to the
completion of transactions remains common. Generally, there is greater volatility in the
evidence generated by comparable transactions and in these circumstances there is a greater
degree of uncertainty than that which exists in a more active and stronger market in forming
an opinion of the realisation prices of property assets.
Whereas transaction evidence underpins the valuation process, the definition of Market Value,
including the commentary in Practice Statement 3.2.4, requires the valuer to reflect the
realities of the current market. In this context valuers must use their market knowledge and
professional judgement and not rely only upon historic market sentiment based on historic
transactional comparables.
We are of the opinion that, in the market conditions which currently prevail, there is likely to be
a greater than usual degree of uncertainty in respect of valuations. Until the number and
consistency of comparable transactions increases, this situation is likely to remain.
London & Quadrant Housing Trust Prudential Trustee Company Limited
Barclays Bank PLC The Royal Bank of Scotland plc
Lloyds TSB Bank plc Job No: 120ULL00
Date of Report: 3rd
April 2012 Date of Valuation: 3
rd April 2012
6. Details of the Properties – Property Overview
Description
The portfolio comprises of 3020 properties owned by London & Quadrant Housing Trust.
The geographical distribution of the properties is detailed below (percentages are rounded): -
BR Bromley 32 1.1%
CM Chelmsford 3 0.1%
CO Colchester 3 0.1%
CR Croydon 120 4.0%
DA Dartford 138 4.6%
E London East 301 10.0%
EC Central 4 0.1%
EN Enfield 80 2.6%
GU Guildford 29 1.0%
HA Harrow 2 0.1%
IG Ilford 23 0.8%
KT Kingston 59 2.0%
ME Medway 1 0.0%
N London North 411 13.6%
NW London Northwest 52 1.7%
RG Reading 189 6.3%
RH Redhill 46 1.5%
RM Romford 34 1.2%
SE London Southeast 855 28.3%
SL Slough 5 0.2%
SM Sutton 32 1.1%
SS Southend on Sea 74 2.4%
SW London Southwest 406 13.4%
TW Twickenham 17 0.6%
UB Uxbridge 46 1.5%
W London West 50 1.7%
WC Central 4 0.1%
WD Watford 4 0.1%
The portfolio comprises of the following distribution of unit types and we believe this is
reflective of the affordable housing demands within the locations (percentages are rounded).
1,690 Flats (55.9%)
1,222 Houses (40.5%)
5 Rooms (0.2%)
13 Bungalows (0.4%)
53 Studio Flats (1.8%)
37 Maisonettes (1.2%)
London & Quadrant Housing Trust Prudential Trustee Company Limited
Barclays Bank PLC The Royal Bank of Scotland plc
Lloyds TSB Bank plc Job No: 120ULL00
Date of Report: 3rd
April 2012 Date of Valuation: 3
rd April 2012
Location
The units are all located within close proximity to local amenities with the majority of properties
having easy access to public transport systems.
The properties are either located on adopted roadways or the condition of the roads is up to a
standard where adoption could easily be achieved.
All properties had parking facilities varying from individual spaces, communal parking and on
street parking often requiring residents parking permits.
Ages and Sizing
The properties of various ages but are predominantly Victorian street properties a number of
which have been converted to provide flatted accommodation.
The properties inspected were found to be of a size typical of that expected by the property
description, age, build type and location.
Construction
The properties are all of standard construction and vary from single storey bungalows and flats
to medium rise modern purpose built flats. The outer leaf predominately comprises of stone or
brick cavity or solid walls, surmounted by pitched roofs draining into modern PVCu rainwater
goods. Windows are predominately double glazed and of casement design, with materials of
PVCu, Hard Wood and Softwood being utilised.
Condition
The properties were found to be generally in a good state of repair, commensurate with that
expected of a housing association operating with good management and high levels of
efficiency and quality in both pro-active and reactive maintenance. This is also aided by the
location of the properties in areas where London & Quadrant Housing Trust have a strong
presence.
During our inspection programme it was noted that no major repairs were outstanding beyond
an acceptable time frame and the replacement of major components was carried out to a
planned programme wherever possible.
Common areas and communal grounds were found to be kept clean and tidy and in a good
state of repair commensurate with that expected of a Housing Association.
London & Quadrant Housing Trust Prudential Trustee Company Limited
Barclays Bank PLC The Royal Bank of Scotland plc
Lloyds TSB Bank plc Job No: 120ULL00
Date of Report: 3rd
April 2012 Date of Valuation: 3
rd April 2012
The costs and replacement life cycles that have been adopted within our valuations are based
upon typical levels within the affordable housing sector and these are reflective of London &
Quadrant Housing Trust‟s own maintenance and major repairs.
Market Conditions and Demand
The units are all located in areas where there is a current and on-going demand for affordable
housing and assuming the current standards of management and maintenance continue we
would anticipate a high level of demand in the future for the housing associations properties.
The majority of units are located within areas where there is a good level of demand for
properties either for rental at market levels or outright sale. This is reflected in the increased
levels of activity in the property market during the last six months, with the pricing structure
and reduced sales periods reflecting a steady recovery from the falls of the previous 18
months.
Yours faithfully,
................................................................
Derek Nesbitt MRICS
Director
For and on behalf of
DTZ Debenham Tie Leung
................................................................
Robin Busby
Director
For and on behalf of
DTZ Debenham Tie Leung
London & Quadrant Housing Trust Prudential Trustee Company Limited
Barclays Bank PLC The Royal Bank of Scotland plc
Lloyds TSB Bank plc Job No: 120ULL00
Date of Report: 3rd
April 2012 Date of Valuation: 3
rd April 2012
Appendix A – Valuation Summary at Scheme Level
Scheme Name Address TenureNo. of Units
Existing Use Value - Social
Housing
Market Value - Subject to Tenancies
Market Value - Vacant
Possession
Ainsworth Road Ainsworth Road, Hackney, London General Needs 9 665,000£ 1,625,000£ 2,585,000£
Anglers Terrace Anglers Terrace, Napier Road, Middlesex General Needs 7 640,000£ 1,280,000£ 1,915,000£
Ashton and Kerris Ashton House and Kerris House, Tavy Close, London General Needs 52 3,760,000£ 8,160,000£ 12,750,000£
Ashton and Kerris Ashton House and Kerris House, Tavy Close, London Shared Ownership 23 -£ -£ -£
Aspen Way Aspen Way Enfield Middlesex General Needs 6 445,000£ 915,000£ 1,395,000£
Barth Mews Barth Mews, Plumstead, London General Needs 6 395,000£ 775,000£ 1,205,000£
Bascombe Grove Bascombe Grove, Crayford, Kent General Needs 30 1,540,000£ 3,655,000£ 5,650,000£
Beulah Hill Beulah Hill, Upper Norwood, London General Needs 11 620,000£ 1,510,000£ 2,365,000£
Bilsby Charminster Castleton Bilsby Grove, Charminster & Castleton Road London General Needs 82 3,505,000£ 8,430,000£ 13,670,000£
Bilsby Charminster Castleton Bilsby Grove, Charminster & Castleton Road London Long Lease 11 -£ -£ -£
Blithdale Road Blithdale Road, Abbey Wood, London General Needs 5 350,000£ 585,000£ 887,500£
Bryett Road Bryett Road, Holloway, London General Needs 11 690,000£ 1,630,000£ 2,640,000£
Bryett Road Bryett Road, Holloway, London Long Lease 1 -£ -£ -£
Burnt Ash Hill Burnt Ash Hill, Grove Park, London General Needs 3 100,000£ 315,000£ 525,000£
Burnt Ash Hill Burnt Ash Hill, Grove Park, London Long Lease 2 -£ -£ -£
London & Quadrant Housing Trust
Bond Issue - Valuation Summary at Scheme Level
as at 3rd April 2012
Valuation Summary at Scheme Level - as at 3rd April 2012 - FINAL second revision.xls 1 02/04/2012
Scheme Name Address TenureNo. of Units
Existing Use Value - Social
Housing
Market Value - Subject to Tenancies
Market Value - Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Valuation Summary at Scheme Level
as at 3rd April 2012
Caley Court Caley Court, Erskine Road, London General Needs 18 1,150,000£ 2,170,000£ 3,260,000£
Caley Court Caley Court, Erskine Road, London Shared Ownership 6 -£ -£ -£
Cann Hall Road Cann Hall Road, Leytonstone, London General Needs 8 360,000£ 825,000£ 1,265,000£
Caraway Close Caraway Close, Plaistow, London General Needs 4 255,000£ 525,000£ 800,000£
Carlisle Road Carlisle Road, Leyton, London General Needs 14 930,000£ 930,000£ 3,300,000£
Cavendish Road Cavendish Road, Finsbury Park, London General Needs 5 290,000£ 765,000£ 1,225,000£
Chestnut and Fern Chestnut Court and Fern Lodge, Rosewood Lane, Shoeburyness, Essex General Needs 30 1,440,000£ 2,090,000£ 3,180,000£
Chipperfield Road Chipperfield Road, St Paul's Cray, Orpington General Needs (EUV-SH Restriction) 16 1,045,000£ 1,045,000£ 2,252,500£
Church Manor Church Manor, Abbey Wood, London General Needs 6 260,000£ 525,000£ 850,000£
Cloudeseley Close Cloudesley Close, Sidcup, Kent General Needs 11 855,000£ 2,425,000£ 3,775,000£
Colinette Road Colinette Road, Putney, London General Needs 8 315,000£ 1,125,000£ 1,960,000£
Colsterworth Road Colsterworth Road, Tottenham, London General Needs 4 275,000£ 540,000£ 790,000£
Cornwall and Connaught Cornwall & Connaught Road, Finsbury Park, London General Needs 18 840,000£ 2,010,000£ 3,155,000£
Corona and Elwyn Corona Road and Elwyn Gardens, London General Needs 39 1,690,000£ 3,700,000£ 5,750,000£
Corona and Elwyn Corona Road and Elwyn Gardens, London Long Lease 17 -£ -£ -£
Valuation Summary at Scheme Level - as at 3rd April 2012 - FINAL second revision.xls 2 02/04/2012
Scheme Name Address TenureNo. of Units
Existing Use Value - Social
Housing
Market Value - Subject to Tenancies
Market Value - Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Valuation Summary at Scheme Level
as at 3rd April 2012
Cromwell Road Cromwell Road, South Kensington, London General Needs 74 2,915,000£ 14,000,000£ 23,945,000£
Davis and Chambers Davis Way and Chambers Avenue, Sidcup, Kent General Needs 38 2,010,000£ 4,095,000£ 6,270,000£
Deans Drive Deans Drive, Palmers Green, London General Needs 22 1,140,000£ 1,915,000£ 3,000,000£
Dendridge Close Dendridge Close, Enfield, Middlesex General Needs 5 370,000£ 710,000£ 1,025,000£
Diana Close Diana Close, Sidcup, Kent General Needs 23 1,250,000£ 2,920,000£ 4,590,000£
Donald Woods Gardens Donald Woods Gardens, Tolworth, Surrey General Needs 12 755,000£ 1,790,000£ 2,840,000£
Dora Way Dora Way, Lambeth, London General Needs 14 1,015,000£ 2,445,000£ 3,865,000£
Drake Crescent Drake Crescent, Thamesmead, London General Needs 7 415,000£ 760,000£ 1,125,000£
Drovers Road Drovers Road, South Croydon General Needs 5 400,000£ 790,000£ 1,205,000£
Eastlake Road Eastlake Road, Camberwell, London General Needs 5 260,000£ 780,000£ 1,280,000£
Edans Court Edans Court, Gayford Road, London General Needs 16 1,170,000£ 2,365,000£ 3,560,000£
Eileen Lenton Court Eileen Lenton Court, Tottenham Green East, London General Needs (EUV-SH Restriction) 25 1,330,000£ 1,330,000£ 5,350,000£
Eileen Lenton Court Eileen Lenton Court, Tottenham Green East, London Shared Ownership 19 -£ -£ -£
Elgin Avenue Elgin Avenue, Hammersmith, London General Needs 15 1,030,000£ 2,670,000£ 4,280,000£
Field Close Field Close, Off Shepherds Walk, Dollis Hill, London General Needs 4 300,000£ 790,000£ 1,300,000£
Valuation Summary at Scheme Level - as at 3rd April 2012 - FINAL second revision.xls 3 02/04/2012
Scheme Name Address TenureNo. of Units
Existing Use Value - Social
Housing
Market Value - Subject to Tenancies
Market Value - Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Valuation Summary at Scheme Level
as at 3rd April 2012
Fiveways Road Fiveways Road, Brixton, London General Needs 5 295,000£ 620,000£ 945,000£
Florence Terrace Florence Terrace, Deptford, London General Needs 9 715,000£ 1,390,000£ 2,115,000£
Frances House Frances House, Wheatfield Way, Kingston Upon Thames General Needs 6 260,000£ 660,000£ 1,080,000£
Gleneldon Road Gleneldon Road, Lambeth, London General Needs 6 250,000£ 610,000£ 960,000£
Ham Park Road Ham Park Road, Stratford, London General Needs 4 290,000£ 990,000£ 1,700,000£
Hamlet Street Hamlet Street, Warfield, Bracknell, Berkshire General Needs 61 3,390,000£ 5,405,000£ 8,170,000£
Hastings Road Hastings Road, Croydon General Needs 16 935,000£ 1,865,000£ 2,760,000£
Hastings Road Hastings Road, Croydon Shared Ownership 8 -£ -£ -£
Hatton Close Hatton Close, Plumstead, London General Needs 4 295,000£ 500,000£ 730,000£
Hawthorn Crescent Hawthorn Crescent, Tooting, London General Needs 33 2,200,000£ 4,350,000£ 6,775,000£
Hawthorn Crescent Hawthorn Crescent, Tooting, London Managed 4 -£ -£ -£
Hazelwood Avenue Hazelwood Avenue, Morden, Surrey General Needs 3 180,000£ 505,000£ 840,000£
Imani Terrace Imani Terrace, Boundary Road, Walthamstow, London General Needs 5 275,000£ 735,000£ 1,200,000£
Jews Walk Jews Walk, Sydenham, London General Needs 6 260,000£ 460,000£ 660,000£
Kelly Close Kelly Close, Braemar Avenue, Willesden, London General Needs 6 495,000£ 1,300,000£ 2,100,000£
Valuation Summary at Scheme Level - as at 3rd April 2012 - FINAL second revision.xls 4 02/04/2012
Scheme Name Address TenureNo. of Units
Existing Use Value - Social
Housing
Market Value - Subject to Tenancies
Market Value - Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Valuation Summary at Scheme Level
as at 3rd April 2012
Kempe and Capel Kempe Road and Capel Road, Enfield, Middlesex General Needs 15 1,180,000£ 2,325,000£ 3,450,000£
Kings Highway Kings Highway, Plumstead, London General Needs 8 455,000£ 1,000,000£ 1,470,000£
Kingsfield and Merryfield Kingsfield and Merryfield House Chinbrook Estae London General Needs 65 2,630,000£ 4,680,000£ 7,340,000£
Kingsfield and Merryfield Kingsfield and Merryfield House Chinbrook Estae London Long Lease 19 -£ -£ -£
Lamb Lane Lamb Lane, Hackney, London General Needs 8 510,000£ 1,380,000£ 2,160,000£
Lothian Road Lothian Road, Lambeth, London General Needs 12 680,000£ 1,235,000£ 1,860,000£
Manning Gardens Manning Gardens, Croydon General Needs 36 1,990,000£ 5,270,000£ 8,580,000£
Manton Road Manton Road, Abbey Wood, London General Needs 4 270,000£ 465,000£ 700,000£
Marmadon Road Marmadon Road, Plumstead, London General Needs 4 220,000£ 460,000£ 720,000£
Marquis Road Marquis Road, Finsbury Park, London General Needs 8 420,000£ 1,175,000£ 1,985,000£
Marvels Lane Marvels Lane, Grove Park, London General Needs 5 185,000£ 475,000£ 755,000£
Marvels Lane Marvels Lane, Grove Park, London Long Lease 2 -£ -£ -£
Mount View Road Mount View Road, Finsbury Park, London General Needs 9 405,000£ 1,055,000£ 1,685,000£
Norfolk Road Norfolk Road, Brent, London General Needs 4 280,000£ 785,000£ 1,200,000£
Nursery Terrace Nursery Terrace, Epsom Road, Leyton, London General Needs 12 830,000£ 1,895,000£ 3,050,000£
Valuation Summary at Scheme Level - as at 3rd April 2012 - FINAL second revision.xls 5 02/04/2012
Scheme Name Address TenureNo. of Units
Existing Use Value - Social
Housing
Market Value - Subject to Tenancies
Market Value - Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Valuation Summary at Scheme Level
as at 3rd April 2012
Oakhurst Grove Oakhurst Grove, East Dulwich, London General Needs 21 975,000£ 3,640,000£ 6,100,000£
Osbaldeston Road Osbaldeston Road, Stoke Newington, London General Needs 8 495,000£ 1,295,000£ 1,975,000£
Osborne Road Osborne Road, Forest Gate, London General Needs 22 950,000£ 2,345,000£ 3,635,000£
Pankhurst Close Pankhurst Close, New Cross, London General Needs 15 605,000£ 1,495,000£ 2,275,000£
Pankhurst Close Pankhurst Close, New Cross, London Meeting Room 1 -£ -£ -£
Pankhurst Road Pankhurst Road, Walton on Thames, Surrey General Needs (EUV-SH Restriction) 39 2,090,000£ 2,090,000£ 7,475,000£
Parklands Parklands, Rochford, Essex General Needs 36 1,775,000£ 2,955,000£ 4,652,500£
Peach Tree Close Peach Tree Close, Farnborough General Needs 16 955,000£ 1,730,000£ 2,600,000£
Pilgrim Close Pilgrim Close, Morden, Surrey General Needs 23 1,365,000£ 3,530,000£ 5,715,000£
Pitman Gardens Pitman Gardens, Ilford General Needs 12 640,000£ 1,550,000£ 2,490,000£
Platts and Pond Platts Meadow and Pond Close, Billingshurst, West Sussex General Needs (EUV-SH Restriction) 44 2,475,000£ 2,475,000£ 8,330,000£
Platts and Pond Platts Meadow and Pond Close, Billingshurst, West Sussex Long Lease 1 -£ -£ -£
Platts and Pond Platts Meadow and Pond Close, Billingshurst, West Sussex Managed 1 -£ -£ -£
Plumstead High Street Plumstead High Street, Plumstead, London General Needs 5 215,000£ 465,000£ 732,500£
Ragworth Court Ragworth Court, Lawrie Park Gardens, Lewisham, London General Needs 12 475,000£ 1,340,000£ 2,205,000£
Valuation Summary at Scheme Level - as at 3rd April 2012 - FINAL second revision.xls 6 02/04/2012
Scheme Name Address TenureNo. of Units
Existing Use Value - Social
Housing
Market Value - Subject to Tenancies
Market Value - Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Valuation Summary at Scheme Level
as at 3rd April 2012
Ragworth Court Ragworth Court, Lawrie Park Gardens, Lewisham, London Long Lease 8 -£ -£ -£
Ramsay Road Ramsay Road, Forest Gate, London General Needs 21 1,000,000£ 2,720,000£ 4,395,000£
Ridley Road Ridley Road, Forest Gate, London General Needs 6 235,000£ 560,000£ 872,500£
Rockmount Road Rockmount Road, Plumstead, London General Needs 6 330,000£ 700,000£ 1,080,000£
Roman Road Roman Road, East Ham, London General Needs 8 460,000£ 1,145,000£ 1,705,000£
Romford Road Romford Road, Forest Gate, London General Needs 7 335,000£ 835,000£ 1,255,000£
Ronvers Road Ronvers Road, London General Needs 9 475,000£ 1,135,000£ 1,825,000£
Ronvers Road Ronvers Road, London Long Lease 9 -£ -£ -£
Sandmere Road Sandmere Road, Lambeth, London General Needs 3 170,000£ 355,000£ 540,000£
Saxon Chase Saxon Chase, Dickenson Road, London General Needs 23 1,775,000£ 4,500,000£ 7,210,000£
Saxon Chase Saxon Chase, Dickenson Road, London Shared Ownership 8 -£ -£ -£
Saxon Chase Saxon Chase, Dickenson Road, London Long Lease 6 -£ -£ -£
Selwyn Road Selwyn Road, Brent, London General Needs 4 285,000£ 630,000£ 995,000£
Sparrow Walk Sparrow Walk, Watford, London General Needs 4 195,000£ 370,000£ 560,000£
St John's Road St John's Road, Walthamstow, London General Needs 6 275,000£ 665,000£ 1,030,000£
Valuation Summary at Scheme Level - as at 3rd April 2012 - FINAL second revision.xls 7 02/04/2012
Scheme Name Address TenureNo. of Units
Existing Use Value - Social
Housing
Market Value - Subject to Tenancies
Market Value - Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Valuation Summary at Scheme Level
as at 3rd April 2012
St Mildreds Road St Mildreds Road, Grove Park, London General Needs 7 270,000£ 760,000£ 1,245,000£
St Mildreds Road St Mildreds Road, Grove Park, London Long Lease 5 -£ -£ -£
Stansfield Road Stansfield Road, Stockwell, London General Needs 2 95,000£ 260,000£ 435,000£
Stapleton Hall Road Stapleton Hall Road, Finsbury Park, London General Needs 11 565,000£ 1,730,000£ 2,885,000£
Stirling Close Stirling Close, Sidcup, Kent General Needs 4 250,000£ 555,000£ 940,000£
Stockwell Park Road Stockwell Park Road, Stockwell, London General Needs 15 1,005,000£ 2,470,000£ 3,920,000£
Summerfield Street Summerfield Street, London General Needs 16 450,000£ 1,500,000£ 2,400,000£
Summerfield Street Summerfield Street, London Long Lease 4 -£ -£ -£
Talehangers Close Talehangers Close, Bexleyheath, Kent General Needs (EUV-SH Restriction) 11 645,000£ 645,000£ 2,630,000£
Ursula Mews Ursula Mews, Hackney, London General Needs 6 400,000£ 1,175,000£ 1,845,000£
Victoria Road Victoria Road, Finsbury Park, London General Needs 12 560,000£ 1,775,000£ 2,830,000£
Victoria Way Victoria Way, Charlton, London General Needs 22 1,120,000£ 3,280,000£ 5,290,000£
Wayland Close Wayland Close, Bracknell, Berkshire General Needs 111 5,310,000£ 8,830,000£ 12,930,000£
Wayland Close Wayland Close, Bracknell, Berkshire Caretaker 1 -£ -£ -£
Whitworth Road Whitworth Road, Plumstead, London General Needs 9 440,000£ 960,000£ 1,515,000£
Valuation Summary at Scheme Level - as at 3rd April 2012 - FINAL second revision.xls 8 02/04/2012
Scheme Name Address TenureNo. of Units
Existing Use Value - Social
Housing
Market Value - Subject to Tenancies
Market Value - Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Valuation Summary at Scheme Level
as at 3rd April 2012
Wickham Lane Wickham Lane, Abbey Wood, London General Needs 36 2,710,000£ 5,030,000£ 7,620,000£
Wickham Lane Wickham Lane, Abbey Wood, London Managed 1 -£ -£ -£
Woolwich Road Woolwich Road, Greenwich, London General Needs 8 470,000£ 1,600,000£ 2,595,000£
Wrottesley Road Wrottesley Road, Woolwich, London General Needs 13 615,000£ 1,335,000£ 2,105,000£
Various BR DA SE Various Dispersed Properties (Located in Postcodes BR DA SE) Managed 5 -£ -£ -£
Various BR DA SE Various Dispersed Properties (Located in Postcodes BR DA SE) General Needs 185 11,895,000£ 28,695,000£ 43,900,000£
Various E EC IG RM Various Dispersed Properties (Located within Postcodes E EC IG RM) General Needs 192 12,390,000£ 30,980,000£ 46,695,000£
Various CR KT SM SW TW Various Dispersed Properties (Located within Postcodes CR KT SM SW TW) General Needs (EUV-SH Restriction 52 Barmouth Rd) 138 9,180,000£ 24,110,000£ 37,200,000£
Various E EN Various Dispersed Properties (Located within Postcodes EN N) General Needs 213 13,185,000£ 34,190,000£ 50,492,500£
Various HA NW UB W WC Various Dispersed Properties (Located within Postcodes HA NW UB W WC) General Needs 105 6,770,000£ 17,645,000£ 27,167,500£
Various CM CO GU ME RG SL SS Various Dispersed Properties (Located within Postodes CM CO GU ME RG SL SS ) General Needs 48 2,910,000£ 6,225,000£ 9,595,000£
Various Finsbury Park Various Properties Finsbury Park London General Needs 48 2,360,000£ 7,550,000£ 12,205,000£
Various Finsbury Park Various Properties Finsbury Park London Managed 1 -£ -£ -£
Various Battersea Various Properties, Battersea, London General Needs 95 5,650,000£ 18,430,000£ 30,020,000£
Various Brixton Various Properties, Brixton, London General Needs 76 3,945,000£ 10,515,000£ 16,335,000£
Valuation Summary at Scheme Level - as at 3rd April 2012 - FINAL second revision.xls 9 02/04/2012
Scheme Name Address TenureNo. of Units
Existing Use Value - Social
Housing
Market Value - Subject to Tenancies
Market Value - Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Valuation Summary at Scheme Level
as at 3rd April 2012
Various Chinbrook Estate Various Properties, Chinbrook Estate, London General Needs 88 3,700,000£ 7,840,000£ 12,368,000£
Various Chinbrook Estate Various Properties, Chinbrook Estate, London Long Lease 9 -£ -£ -£
3015 £ 162,110,000 £ 383,115,000 £ 612,590,500
These valuations should be read only in conjunction with the valuation assumptions, terms and conditions and the respective discounted cash flow valuations and report sections.
Valuation Summary at Scheme Level - as at 3rd April 2012 - FINAL second revision.xls 10 02/04/2012
London & Quadrant Housing Trust Prudential Trustee Company Limited
Barclays Bank PLC The Royal Bank of Scotland plc
Lloyds TSB Bank plc Job No: 120ULL00
Date of Report: 3rd April 2012 Date of Valuation: 3rd April 2012
Appendix B – Valuation Summary at Individual Property Level
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
KIN007000 Various BR DA SE 7 KINGSMEAD COURT BR1 3SY 4 Bed House Assured 143.52 £ 80,170 £ 195,710 £ 300,000
286-FAR40340000 Various BR DA SE 34 FARMFIELD ROAD BR1 4NG 2 Bed House Assured 105.51 £ 58,930 £ 134,460 £ 200,000
286-FAR41600000 Various BR DA SE 160 FARMFIELD ROAD BR1 4NP 2 Bed House Assured 105.51 £ 58,930 £ 137,280 £ 202,500
KEG208000 Various BR DA SE 208 KEEDONWOOD ROAD BR1 4QP 3 Bed House Assured 135.36 £ 75,610 £ 150,350 £ 220,000
RLD215000 Various BR DA SE 215 RANGEFIELD ROAD BR1 4QX 2 Bed House Assured 122.95 £ 68,680 £ 134,460 £ 200,000
RLD263000 Various BR DA SE 263 RANGEFIELD ROAD BR1 4QX 2 Bed House Assured 118.96 £ 66,450 £ 134,460 £ 200,000
286-RAN20800000 Various BR DA SE 80 RANGEFIELD ROAD BR1 4RQ 2 Bed House Assured 111.59 £ 62,330 £ 137,280 £ 202,500
CHI101001 Chipperfield Road FLAT 1 101 CHIPPERFIELD ROAD BR5 2FE 1 Bed Flat Assured 86.64 £ 55,320 £ 55,320 £ 115,000
CHI101002 Chipperfield Road FLAT 2 101 CHIPPERFIELD ROAD BR5 2FE 2 Bed Flat Assured 103.45 £ 66,050 £ 66,050 £ 142,500
CHI101003 Chipperfield Road FLAT 3 101 CHIPPERFIELD ROAD BR5 2FE 1 Bed Flat Assured 86.64 £ 55,320 £ 55,320 £ 115,000
CHI101004 Chipperfield Road FLAT 4 101 CHIPPERFIELD ROAD BR5 2FE 3 Bed Flat Assured 119.92 £ 76,560 £ 76,560 £ 170,000
CHI101005 Chipperfield Road FLAT 5 101 CHIPPERFIELD ROAD BR5 2FE 1 Bed Flat Assured Short Term 86.64 £ 55,320 £ 55,320 £ 115,000
CHI101006 Chipperfield Road FLAT 6 101 CHIPPERFIELD ROAD BR5 2FE 2 Bed Flat Assured 103.45 £ 66,050 £ 66,050 £ 142,500
CHI101007 Chipperfield Road FLAT 7 101 CHIPPERFIELD ROAD BR5 2FE 2 Bed Flat Assured 103.45 £ 66,050 £ 66,050 £ 142,500
CHI101008 Chipperfield Road FLAT 8 101 CHIPPERFIELD ROAD BR5 2FE 3 Bed Flat Assured 119.92 £ 76,560 £ 76,560 £ 170,000
CHI101009 Chipperfield Road FLAT 9 101 CHIPPERFIELD ROAD BR5 2FE 1 Bed Flat Assured 86.64 £ 55,320 £ 55,320 £ 115,000
CHI101010 Chipperfield Road FLAT 10 101 CHIPPERFIELD ROAD BR5 2FE 2 Bed Flat Assured 103.45 £ 66,050 £ 66,050 £ 142,500
CHI101011 Chipperfield Road FLAT 11 101 CHIPPERFIELD ROAD BR5 2FE 2 Bed Flat Assured 103.14 £ 65,850 £ 65,850 £ 142,500
CHI101012 Chipperfield Road FLAT 12 101 CHIPPERFIELD ROAD BR5 2FE 3 Bed Flat Assured 119.92 £ 76,560 £ 76,560 £ 170,000
CHI101013 Chipperfield Road FLAT 13 101 CHIPPERFIELD ROAD BR5 2FE 1 Bed Flat Assured 86.64 £ 55,320 £ 55,320 £ 115,000
CHI101014 Chipperfield Road FLAT 14 101 CHIPPERFIELD ROAD BR5 2FE 2 Bed Flat Assured 103.45 £ 66,050 £ 66,050 £ 142,500
CHI101015 Chipperfield Road FLAT 15 101 CHIPPERFIELD ROAD BR5 2FE 2 Bed Flat Assured 103.45 £ 66,050 £ 66,050 £ 142,500
CHI101016 Chipperfield Road FLAT 16 101 CHIPPERFIELD ROAD BR5 2FE 3 Bed Flat Assured 119.92 £ 76,570 £ 76,570 £ 170,000
EDD085000 Various BR DA SE 85 BEDDINGTON ROAD BR5 2TE 3 Bed House Assured 131.63 £ 73,520 £ 127,820 £ 200,000
LJR100000 Various BR DA SE 100 LULLINGSTONE CRESCENT BR5 3DY 3 Bed House Assured 132.55 £ 74,040 £ 127,820 £ 200,000
GRP021000 Various BR DA SE 21 GROVELANDS ROAD BR5 3EQ 3 Bed House Assured 133.75 £ 74,710 £ 127,820 £ 200,000
BUI033000 Various BR DA SE 33 BURRFIELD DRIVE BR5 4BZ 3 Bed House Assured 126.08 £ 70,420 £ 120,980 £ 190,000
BSA125000 Various BR DA SE 125 BROW CRESCENT BR5 4LW 3 Bed House Assured 132.55 £ 74,040 £ 132,430 £ 210,000
RYY002000 Various BR DA SE 2 RYEFIELD BR5 4PA 3 Bed House Assured 135.70 £ 75,800 £ 132,430 £ 210,000
HAR006000 Various BR DA SE 6 HARDRES TERRACE BR5 4PJ 4 Bed House Assured 143.52 £ 80,170 £ 132,430 £ 210,000
BHK025000 Various BR DA SE 25 BICKNOR ROAD BR6 0TS 2 Bed House Assured 107.02 £ 59,780 £ 138,260 £ 225,000
SLH016000 Various BR DA SE 16 SOUTHFLEET ROAD BR6 9SL 2 Bed House Assured 110.60 £ 61,780 £ 135,850 £ 215,000
BDF034000 Various CM CO GU ME RG SL SS 34 BATE DUDLEY DRIVE CM0 7QG 3 Bed House Protected Assured 135.19 £ 71,610 £ 119,420 £ 200,000
BPU119000 Various CM CO GU ME RG SL SS 119 BROCKLESMEAD CM19 4PX 3 Bed House Assured 103.35 £ 54,750 £ 108,970 £ 152,500
ACU036000 Various CM CO GU ME RG SL SS 36 PEACOCKS CM19 5NY 3 Bed House Fair Rent 95.32 £ 50,490 £ 120,490 £ 170,000
RNH021000 Various CM CO GU ME RG SL SS 21 RAINHAM WAY CO13 9NR 2 Bed Bungalow Fair Rent 91.59 £ 48,520 £ 98,910 £ 180,000
RNH044000 Various CM CO GU ME RG SL SS 44 RAINHAM WAY CO13 9NS 2 Bed Bungalow Protected Assured 94.44 £ 50,030 £ 98,910 £ 180,000
QUE150000 Various CR KT SM SW TW 150 QUEEN ELIZABETH DRIVE CR0 0HF 3 Bed House Assured 129.54 £ 72,640 £ 139,950 £ 220,000
QUE180000 Various CR KT SM SW TW 180 QUEEN ELIZABETH DRIVE CR0 0HF 4 Bed House Assured 131.46 £ 73,720 £ 166,470 £ 240,000
OVE124000 Various CR KT SM SW TW 124 OVERBURY CRESCENT CR0 0LQ 4 Bed House Assured 138.68 £ 77,770 £ 175,660 £ 260,000
NVA006000 Various CR KT SM SW TW 6 NOVA ROAD CR0 2TL 4 Bed House Assured 119.67 £ 67,110 £ 181,810 £ 267,500
TON000010 Various CR KT SM SW TW 1 THORNTON AVENUE CR0 3BW 3 Bed House Assured 131.63 £ 73,810 £ 139,960 £ 220,000
THO130000 Various CR KT SM SW TW 13 THORNTON AVENUE CR0 3BW 3 Bed House Assured 121.98 £ 68,400 £ 139,960 £ 220,000
THO230000 Various CR KT SM SW TW 23 THORNTON AVENUE CR0 3BW 3 Bed House Assured 122.79 £ 68,860 £ 139,960 £ 220,000
POD018000 Various CR KT SM SW TW 18 PRIORY ROAD CR0 3QY 3 Bed House Fair Rent 128.00 £ 71,780 £ 139,960 £ 220,000
DSO043800 Various CR KT SM SW TW 438 DAVIDSON ROAD CR0 6DH 3 Bed House Assured 119.67 £ 67,110 £ 158,160 £ 232,500
SNO005000 Various CR KT SM SW TW 5 SUTTON GARDENS CR0 6DX 3 Bed House Assured 135.63 £ 76,060 £ 158,160 £ 232,500
RYM091000 Various CR KT SM SW TW 91 RYMER ROAD CR0 6EF 3 Bed House Assured 131.65 £ 73,820 £ 147,670 £ 225,000
HIG028000 Various CR KT SM SW TW 28 HIGHBARROW ROAD CR0 6LB 3 Bed House Assured 129.54 £ 72,640 £ 155,380 £ 230,000
HIG039000 Various CR KT SM SW TW 39 HIGHBARROW ROAD CR0 6LD 3 Bed House Assured 126.68 £ 71,040 £ 155,370 £ 230,000
CAP083000 Various CR KT SM SW TW 83 CAPRI ROAD CR0 6LJ 3 Bed House Assured 131.65 £ 73,820 £ 155,370 £ 230,000
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 1 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
TNN022000 Various CR KT SM SW TW 22 TENTERDEN ROAD CR0 6NN 3 Bed House Assured 133.75 £ 75,000 £ 155,370 £ 230,000
PAG110000 Various CR KT SM SW TW 11 PAGEHURST ROAD CR0 6NS 3 Bed House Assured 131.65 £ 73,820 £ 155,370 £ 230,000
HAS002001 Hastings Road FLAT 1 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Assured 89.73 £ 58,440 £ 116,560 £ 172,500
HAS002002 Hastings Road FLAT 2 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Assured 89.73 £ 58,440 £ 116,560 £ 172,500
HAS002003 Hastings Road FLAT 3 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Assured 89.73 £ 58,440 £ 116,560 £ 172,500
HAS002004 Hastings Road FLAT 4 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Assured 102.44 £ 58,440 £ 116,560 £ 172,500
HAS002005 Hastings Road FLAT 5 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Assured 89.73 £ 58,430 £ 116,560 £ 172,500
HAS002006 Hastings Road FLAT 6 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Assured 89.73 £ 58,430 £ 116,560 £ 172,500
HAS002007 Hastings Road FLAT 7 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Assured 89.73 £ 58,430 £ 116,560 £ 172,500
HAS002008 Hastings Road FLAT 8 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Assured 89.73 £ 58,430 £ 116,560 £ 172,500
HAS002009 Hastings Road FLAT 9 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Assured 89.73 £ 58,440 £ 116,560 £ 172,500
HAS002010 Hastings Road FLAT 10 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Assured 89.73 £ 58,440 £ 116,560 £ 172,500
HAS002011 Hastings Road FLAT 11 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Assured 89.73 £ 58,440 £ 116,560 £ 172,500
HAS002012 Hastings Road FLAT 12 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Assured 89.73 £ 58,440 £ 116,560 £ 172,500
HAS002013 Hastings Road FLAT 13 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Assured 89.73 £ 58,440 £ 116,570 £ 172,500
HAS002014 Hastings Road FLAT 14 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Assured 89.73 £ 58,440 £ 116,570 £ 172,500
HAS002015 Hastings Road FLAT 15 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Assured 89.73 £ 58,440 £ 116,570 £ 172,500
HAS002016 Hastings Road FLAT 16 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Assured 89.73 £ 58,440 £ 116,570 £ 172,500
HAS002017 Hastings Road FLAT 17 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Shared Ownership 188.07 £ - £ - £ -
HAS002018 Hastings Road FLAT 18 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Shared Ownership 305.33 £ - £ - £ -
HAS002019 Hastings Road FLAT 19 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Shared Ownership 305.63 £ - £ - £ -
HAS002020 Hastings Road FLAT 20 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Shared Ownership 236.86 £ - £ - £ -
HAS002021 Hastings Road FLAT 21 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Shared Ownership 313.13 £ - £ - £ -
HAS002022 Hastings Road FLAT 22 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Shared Ownership 313.17 £ - £ - £ -
HAS002023 Hastings Road FLAT 23 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Shared Ownership 305.28 £ - £ - £ -
HAS002024 Hastings Road FLAT 24 2 HASTINGS ROAD CR0 6PH 2 Bed Flat Shared Ownership 0.00 £ - £ - £ -
TVN000200 Various CR KT SM SW TW 2 TEEVAN ROAD CR0 6RN 3 Bed House Assured 119.67 £ 67,110 £ 155,370 £ 230,000
OLR146000 Various CR KT SM SW TW 146 COLERIDGE ROAD CR0 7BR 3 Bed House Assured 131.63 £ 73,810 £ 156,580 £ 235,000
SWI019000 Various CR KT SM SW TW 19 SWINBURNE CRESCENT CR0 7BZ 3 Bed House Assured 131.65 £ 73,820 £ 156,580 £ 235,000
MZX018000 Manning Gardens 18 MANNING GARDENS CR0 7DT 4 Bed House Assured 108.67 £ 64,760 £ 194,150 £ 310,000
MZX019000 Manning Gardens 19 MANNING GARDENS CR0 7DT 3 Bed House Assured 101.40 £ 60,430 £ 161,470 £ 275,000
MZX020000 Manning Gardens 20 MANNING GARDENS CR0 7DT 3 Bed House Assured 101.40 £ 60,430 £ 161,470 £ 275,000
MZX021000 Manning Gardens 21 MANNING GARDENS CR0 7DT 3 Bed House Assured 101.40 £ 60,430 £ 161,470 £ 275,000
MZX022000 Manning Gardens 22 MANNING GARDENS CR0 7DT 3 Bed House Assured 101.40 £ 60,430 £ 161,470 £ 275,000
MZX023000 Manning Gardens 23 MANNING GARDENS CR0 7DT 4 Bed House Assured 108.67 £ 64,760 £ 194,150 £ 310,000
MZX024000 Manning Gardens 24 MANNING GARDENS CR0 7DT 4 Bed House Assured 108.87 £ 64,880 £ 194,150 £ 310,000
MZX000072 Manning Gardens 72 MANNING GARDENS CR0 7DU 2 Bed Flat Assured 89.75 £ 53,480 £ 133,180 £ 215,000
MZX000073 Manning Gardens 73 MANNING GARDENS CR0 7DU 2 Bed Flat Assured 89.75 £ 53,480 £ 133,180 £ 215,000
MZX000074 Manning Gardens 74 MANNING GARDENS CR0 7DU 2 Bed Flat Assured 86.23 £ 51,390 £ 133,180 £ 215,000
MZX000075 Manning Gardens 75 MANNING GARDENS CR0 7DU 2 Bed Flat Assured 89.75 £ 53,480 £ 130,500 £ 210,000
MZX000076 Manning Gardens 76 MANNING GARDENS CR0 7DU 2 Bed Flat Assured 89.75 £ 53,480 £ 130,500 £ 210,000
MZX000077 Manning Gardens 77 MANNING GARDENS CR0 7DU 2 Bed Flat Assured 89.75 £ 53,480 £ 130,500 £ 210,000
MZX000078 Manning Gardens 78 MANNING GARDENS CR0 7DU 2 Bed Flat Assured 89.75 £ 53,480 £ 130,500 £ 210,000
MZX000079 Manning Gardens 79 MANNING GARDENS CR0 7DU 2 Bed Flat Assured 89.75 £ 53,480 £ 130,500 £ 210,000
MZX000080 Manning Gardens 80 MANNING GARDENS CR0 7DU 2 Bed Flat Assured 89.75 £ 53,480 £ 130,500 £ 210,000
MZX000081 Manning Gardens 81 MANNING GARDENS CR0 7DU 2 Bed Flat Assured 89.75 £ 53,480 £ 130,500 £ 210,000
MZX000082 Manning Gardens 82 MANNING GARDENS CR0 7DU 2 Bed Flat Assured 89.75 £ 53,480 £ 130,500 £ 210,000
MZX000083 Manning Gardens 83 MANNING GARDENS CR0 7DU 2 Bed Flat Assured 89.75 £ 53,480 £ 130,500 £ 210,000
MZX000084 Manning Gardens 84 MANNING GARDENS CR0 7DU 1 Bed Flat Starter Tenancy 86.58 £ 51,600 £ 119,760 £ 190,000
MZX000085 Manning Gardens 85 MANNING GARDENS CR0 7DU 1 Bed Flat Assured 79.64 £ 47,460 £ 119,760 £ 190,000
MZX000086 Manning Gardens 86 MANNING GARDENS CR0 7DU 1 Bed Flat Assured 76.53 £ 45,610 £ 119,750 £ 190,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 2 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
MZX000087 Manning Gardens 87 MANNING GARDENS CR0 7DU 1 Bed Flat Assured 71.72 £ 42,740 £ 119,760 £ 190,000
MZX000088 Manning Gardens 88 MANNING GARDENS CR0 7DU 1 Bed Flat Assured 76.53 £ 45,610 £ 119,760 £ 190,000
MZX000089 Manning Gardens 89 MANNING GARDENS CR0 7DU 1 Bed Flat Starter Tenancy 82.27 £ 49,030 £ 119,760 £ 190,000
MZX000090 Manning Gardens 90 MANNING GARDENS CR0 7DU 1 Bed Flat Assured 79.64 £ 47,460 £ 119,760 £ 190,000
MZX000091 Manning Gardens 91 MANNING GARDENS CR0 7DU 1 Bed Flat Assured 79.64 £ 47,460 £ 119,760 £ 190,000
MZX000092 Manning Gardens 92 MANNING GARDENS CR0 7DU 1 Bed Flat Assured 79.64 £ 47,460 £ 119,760 £ 190,000
MZX093000 Manning Gardens 93 MANNING GARDENS CR0 7DU 3 Bed House Assured 101.40 £ 60,430 £ 161,470 £ 275,000
MZX094000 Manning Gardens 94 MANNING GARDENS CR0 7DU 3 Bed House Assured 101.40 £ 60,430 £ 161,470 £ 275,000
MZX095000 Manning Gardens 95 MANNING GARDENS CR0 7DU 3 Bed House Assured 94.58 £ 56,360 £ 161,470 £ 275,000
MZX096000 Manning Gardens 96 MANNING GARDENS CR0 7DU 3 Bed House Assured 101.40 £ 60,430 £ 161,470 £ 275,000
MZX097000 Manning Gardens 97 MANNING GARDENS CR0 7DU 3 Bed House Assured 101.40 £ 60,430 £ 161,470 £ 275,000
MZX098000 Manning Gardens 98 MANNING GARDENS CR0 7DU 4 Bed House Assured 108.67 £ 64,760 £ 194,150 £ 310,000
MZX099000 Manning Gardens 99 MANNING GARDENS CR0 7DU 4 Bed House Assured 108.67 £ 64,760 £ 194,150 £ 310,000
MZX100000 Manning Gardens 100 MANNING GARDENS CR0 7DU 4 Bed House Assured 104.34 £ 62,180 £ 194,150 £ 310,000
MBV003000 Various CR KT SM SW TW 3 MALLING CLOSE CR0 7YD 3 Bed House Assured 128.02 £ 71,790 £ 161,090 £ 237,500
191-DRO20570000 Drovers Road 57 Drovers Road CR2 6PR 3 Bed House Assured 133.64 £ 76,480 £ 152,180 £ 235,000
191-DRO20590000 Drovers Road 59 Drovers Road CR2 6PR 3 Bed House Assured 133.75 £ 76,540 £ 145,620 £ 225,000
191-DRO20610000 Drovers Road 61 Drovers Road CR2 6PR 4 Bed House Assured 148.91 £ 85,220 £ 170,000 £ 255,000
191-DRO20630000 Drovers Road 63 Drovers Road CR2 6PR 3 Bed House Assured 133.75 £ 76,540 £ 152,200 £ 235,000
191-DRO20650000 Drovers Road 65 Drovers Road CR2 6PR 4 Bed House Assured 148.91 £ 85,220 £ 170,000 £ 255,000
AOT085000 Various CR KT SM SW TW 85 ABBOTTS ROAD CR4 1AQ 3 Bed House Assured 119.67 £ 67,110 £ 174,440 £ 255,000
TMW206000 Various CR KT SM SW TW 206 TAMWORTH LANE CR4 1DE 4 Bed House Fair Rent 138.62 £ 77,730 £ 187,510 £ 275,000
BNR012000 Various CR KT SM SW TW 12 BARNFIELD AVENUE CR4 1DN 3 Bed House Assured 119.67 £ 67,110 £ 174,440 £ 255,000
OOR139000 Various CR KT SM SW TW 139 MANOR WAY CR4 1EJ 3 Bed House Assured 119.67 £ 67,110 £ 174,440 £ 255,000
CDS067000 Various CR KT SM SW TW 67 CEDARS AVENUE CR4 1HN 3 Bed House Assured 119.67 £ 67,110 £ 174,440 £ 255,000
FRA003000 Various CR KT SM SW TW 3 FRANKLIN CRESCENT CR4 1ND 3 Bed House Assured 131.65 £ 73,820 £ 174,440 £ 255,000
CIS061000 Various CR KT SM SW TW 61 CARISBROOKE ROAD CR4 1QF 3 Bed House Assured 135.63 £ 76,060 £ 174,440 £ 255,000
DMS029000 Various CR KT SM SW TW 29 DE'ARN GARDENS CR4 3AZ 3 Bed House Assured 119.67 £ 67,110 £ 168,890 £ 250,000
KES028000 Various CR KT SM SW TW 28 KESTON ROAD CR7 6BS 3 Bed House Assured 131.65 £ 73,820 £ 168,890 £ 250,000
HAR045000 Various CR KT SM SW TW 45 HARCOURT ROAD CR7 6BZ 3 Bed House Assured 131.65 £ 73,820 £ 168,890 £ 250,000
MYF071000 Various CR KT SM SW TW 71 MAYFIELD ROAD CR7 6DN 3 Bed House Fair Rent 112.98 £ 63,350 £ 168,890 £ 250,000
HEA033000 Various CR KT SM SW TW 33 HEADCORN ROAD CR7 6JP 4 Bed House Assured 138.68 £ 77,770 £ 183,360 £ 265,000
KYN037000 Various CR KT SM SW TW 37 KYNASTON AVENUE CR7 7BZ 3 Bed House Assured 131.65 £ 73,820 £ 155,370 £ 230,000
LTT001000 Various CR KT SM SW TW 1 LINDEN AVENUE CR7 7DU 3 Bed House Fair Rent 119.96 £ 67,270 £ 155,370 £ 230,000
PEN050000 Various CR KT SM SW TW 50 PENSHURST ROAD CR7 7EA 3 Bed House Assured 128.48 £ 72,050 £ 155,370 £ 230,000
PHR071000 Various CR KT SM SW TW 71 PENHURST ROAD CR7 7EF 3 Bed House Assured 119.67 £ 67,110 £ 155,370 £ 230,000
TOR075000 Various CR KT SM SW TW 75 TORRIDGE ROAD CR7 7EZ 3 Bed House Assured 131.65 £ 73,820 £ 155,370 £ 230,000
BRI344000 Various CR KT SM SW TW 344 BRIGSTOCK ROAD CR7 7JF 4 Bed House Assured 138.68 £ 77,770 £ 173,230 £ 250,000
BRI368000 Various CR KT SM SW TW 368 BRIGSTOCK ROAD CR7 7JF 3 Bed House Assured 125.04 £ 70,120 £ 155,370 £ 230,000
LAN048000 Various CR KT SM SW TW 48 LANGDALE ROAD CR7 7PP 4 Bed House Assured 132.14 £ 74,100 £ 173,230 £ 250,000
RTF000250 Various CR KT SM SW TW 25 STRATFORD ROAD CR7 7QL 3 Bed House Assured 117.53 £ 65,910 £ 155,370 £ 230,000
WSH044000 Various CR KT SM SW TW 44 WILTSHIRE ROAD CR7 7QN 4 Bed House Assured 147.60 £ 82,770 £ 173,230 £ 250,000
MEL040000 Various CR KT SM SW TW 40 MELFORT ROAD CR7 7RL 4 Bed House Assured 138.68 £ 77,770 £ 173,230 £ 250,000
BRO050000 Various CR KT SM SW TW 50 BROUGHTON ROAD CR7 8AL 4 Bed House Assured 138.68 £ 77,770 £ 173,230 £ 250,000
ATH007000 Various CR KT SM SW TW 7 ATHOLE TERRACE CR7 8DX 3 Bed House Assured 131.65 £ 73,820 £ 152,950 £ 220,000
GRE014000 Various CR KT SM SW TW 14 GREEN LANE GARDENS CR7 8HP 3 Bed House Assured 123.03 £ 68,990 £ 152,950 £ 220,000
LIV039000 Various CR KT SM SW TW 39 LIVINGSTONE ROAD CR7 8JX 4 Bed House Assured 138.68 £ 77,770 £ 173,230 £ 250,000
WOO114000 Various CR KT SM SW TW 114 WOODVILLE ROAD CR7 8LL 4 Bed House Assured 138.68 £ 77,770 £ 173,230 £ 250,000
MER028000 Various CR KT SM SW TW 28 MERSHAM ROAD CR7 8NP 3 Bed House Assured 123.03 £ 68,990 £ 152,950 £ 220,000
MER054000 Various CR KT SM SW TW 54 MERSHAM ROAD CR7 8NP 3 Bed House Assured 131.65 £ 73,820 £ 158,500 £ 225,000
MER051000 Various CR KT SM SW TW 51 MERSHAM ROAD CR7 8NS 3 Bed House Assured 121.98 £ 68,400 £ 152,950 £ 220,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 3 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
PEN001000 Various CR KT SM SW TW 1 PENRITH ROAD CR7 8PN 3 Bed House Assured 131.65 £ 73,820 £ 152,950 £ 220,000
UPT031000 Various CR KT SM SW TW 31 UPTON ROAD CR7 8PR 3 Bed House Assured 136.55 £ 76,570 £ 152,950 £ 220,000
HYT046000 Various CR KT SM SW TW 46 HYTHE ROAD CR7 8QP 3 Bed House Assured 131.65 £ 73,820 £ 152,950 £ 220,000
BUL134000 Various CR KT SM SW TW 134 BULLER ROAD CR7 8QZ 3 Bed House Assured 121.98 £ 68,400 £ 152,950 £ 220,000
ELM032000 Various CR KT SM SW TW 32 ELM ROAD CR7 8RH 3 Bed House Assured 131.65 £ 73,820 £ 126,450 £ 200,000
BAA001000B Bascombe Grove 1 BASCOMBE GROVE DA1 3RG 4 Bed House Assured 131.81 £ 67,600 £ 157,170 £ 250,000
BAA011000B Bascombe Grove 11 BASCOMBE GROVE DA1 3RG 3 Bed House Assured 113.45 £ 58,190 £ 141,570 £ 220,000
BAA013000B Bascombe Grove 13 BASCOMBE GROVE DA1 3RG 3 Bed House Assured 111.36 £ 57,120 £ 141,570 £ 220,000
BAA015000B Bascombe Grove 15 BASCOMBE GROVE DA1 3RG 2 Bed House Assured 101.39 £ 52,000 £ 124,990 £ 195,000
BAA019000B Bascombe Grove 19 BASCOMBE GROVE DA1 3RG 3 Bed House Assured 112.09 £ 57,490 £ 141,570 £ 220,000
BAA021000B Bascombe Grove 21 BASCOMBE GROVE DA1 3RG 3 Bed House Assured 113.46 £ 58,190 £ 141,570 £ 220,000
BAA023000B Bascombe Grove 23 BASCOMBE GROVE DA1 3RG 2 Bed House Assured 100.26 £ 51,420 £ 124,990 £ 195,000
BAA025000B Bascombe Grove 25 BASCOMBE GROVE DA1 3RG 2 Bed House Assured 100.26 £ 51,420 £ 124,990 £ 195,000
BAA027000B Bascombe Grove 27 BASCOMBE GROVE DA1 3RG 2 Bed House Assured 100.26 £ 51,420 £ 120,380 £ 190,000
BAA003000B Bascombe Grove 3 BASCOMBE GROVE DA1 3RG 4 Bed House Assured 131.81 £ 67,600 £ 157,170 £ 250,000
BAA005000B Bascombe Grove 5 BASCOMBE GROVE DA1 3RG 2 Bed House Assured 100.26 £ 51,420 £ 120,380 £ 190,000
BAA007000B Bascombe Grove 7 BASCOMBE GROVE DA1 3RG 2 Bed House Assured 100.26 £ 51,420 £ 124,990 £ 195,000
BAA009000B Bascombe Grove 9 BASCOMBE GROVE DA1 3RG 2 Bed House Assured 100.26 £ 51,420 £ 124,990 £ 195,000
BAA017000B Bascombe Grove 17 BASCOMBE GROVE DA1 3RG 2 Bed House Assured 100.26 £ 51,420 £ 124,990 £ 195,000
BAA010000B Bascombe Grove 10 BASCOMBE GROVE DA1 3RJ 1 Bed Flat Assured 79.78 £ 40,960 £ 90,500 £ 130,000
BAA012000B Bascombe Grove 12 BASCOMBE GROVE DA1 3RJ 1 Bed Flat Assured 80.72 £ 41,400 £ 90,500 £ 130,000
BAA014000B Bascombe Grove 14 BASCOMBE GROVE DA1 3RJ 2 Bed House Assured 99.69 £ 51,130 £ 120,380 £ 190,000
BAA016000B Bascombe Grove 16 BASCOMBE GROVE DA1 3RJ 2 Bed House Assured 100.26 £ 51,420 £ 124,990 £ 195,000
BAA018000B Bascombe Grove 18 BASCOMBE GROVE DA1 3RJ 2 Bed House Assured 100.26 £ 51,420 £ 124,990 £ 195,000
BAA002000B Bascombe Grove 2 BASCOMBE GROVE DA1 3RJ 1 Bed Flat Assured 80.72 £ 41,400 £ 90,500 £ 130,000
BAA020000B Bascombe Grove 20 BASCOMBE GROVE DA1 3RJ 2 Bed House Assured 100.26 £ 51,420 £ 124,990 £ 195,000
BAA022000B Bascombe Grove 22 BASCOMBE GROVE DA1 3RJ 2 Bed House Assured 100.26 £ 51,420 £ 124,990 £ 195,000
BAA024000B Bascombe Grove 24 BASCOMBE GROVE DA1 3RJ 2 Bed House Assured 100.26 £ 51,420 £ 124,990 £ 195,000
BAA026000B Bascombe Grove 26 BASCOMBE GROVE DA1 3RJ 2 Bed House Assured 100.26 £ 51,420 £ 124,990 £ 195,000
BAA028000B Bascombe Grove 28 BASCOMBE GROVE DA1 3RJ 2 Bed House Assured 100.26 £ 51,420 £ 124,990 £ 195,000
BAA030000B Bascombe Grove 30 BASCOMBE GROVE DA1 3RJ 2 Bed House Assured 100.26 £ 51,420 £ 124,990 £ 195,000
BAA032000B Bascombe Grove 32 BASCOMBE GROVE DA1 3RJ 2 Bed House Assured 100.26 £ 51,420 £ 120,380 £ 190,000
BAA004000B Bascombe Grove 4 BASCOMBE GROVE DA1 3RJ 1 Bed Flat Assured 80.72 £ 41,400 £ 90,500 £ 130,000
BAA006000B Bascombe Grove 6 BASCOMBE GROVE DA1 3RJ 1 Bed Flat Assured 80.72 £ 41,400 £ 90,500 £ 130,000
BAA008000B Bascombe Grove 8 BASCOMBE GROVE DA1 3RJ 1 Bed Flat Assured 80.72 £ 41,400 £ 90,500 £ 130,000
GNW127000 Various BR DA SE 127 GREEN WALK DA1 4JU 3 Bed House Protected Assured 131.63 £ 73,520 £ 129,850 £ 190,000
GNW145000 Various BR DA SE 145 GREEN WALK DA1 4JU 3 Bed House Assured 131.63 £ 73,520 £ 134,440 £ 192,500
MAI171000 Various BR DA SE 171 MAIDEN LANE DA1 4PB 4 Bed House Assured 125.45 £ 70,070 £ 149,140 £ 215,000
MAI173000 Various BR DA SE 173 MAIDEN LANE DA1 4PB 3 Bed House Assured 131.63 £ 73,520 £ 134,440 £ 192,500
MAI178000 Various BR DA SE 178 MAIDEN LANE DA1 4PB 3 Bed House Assured 125.75 £ 70,240 £ 134,440 £ 192,500
IAF064000 Various BR DA SE 64 IFIELD WAY DA12 5UJ 4 Bed House Assured 122.65 £ 68,510 £ 154,790 £ 220,000
DDI000001 Diana Close 1 DIANA CLOSE DA14 4PZ 1 Bed Flat Assured 87.93 £ 47,390 £ 102,160 £ 150,000
DDI010000B Diana Close 10 DIANA CLOSE DA14 4PZ 2 Bed House Assured Protected 104.63 £ 56,400 £ 130,890 £ 210,000
DDI011000B Diana Close 11 DIANA CLOSE DA14 4PZ 2 Bed House Assured Protected 104.63 £ 56,400 £ 130,890 £ 210,000
DDI012000B Diana Close 12 DIANA CLOSE DA14 4PZ 2 Bed House Assured 104.63 £ 56,400 £ 130,890 £ 210,000
DDI013000B Diana Close 13 DIANA CLOSE DA14 4PZ 2 Bed House Assured Protected 104.63 £ 56,400 £ 130,890 £ 210,000
DDI014000B Diana Close 14 DIANA CLOSE DA14 4PZ 2 Bed House Assured Protected 104.63 £ 56,400 £ 130,890 £ 210,000
DDI015000B Diana Close 15 DIANA CLOSE DA14 4PZ 2 Bed House Assured Protected 104.63 £ 56,400 £ 130,890 £ 210,000
DDI016000B Diana Close 16 DIANA CLOSE DA14 4PZ 2 Bed House Assured 104.63 £ 56,400 £ 130,890 £ 210,000
DDI017000B Diana Close 17 DIANA CLOSE DA14 4PZ 2 Bed House Assured 104.63 £ 56,400 £ 130,890 £ 210,000
DDI018000B Diana Close 18 DIANA CLOSE DA14 4PZ 2 Bed House Assured 103.68 £ 55,880 £ 130,890 £ 210,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 4 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
DDI019000B Diana Close 19 DIANA CLOSE DA14 4PZ 3 Bed House Assured 121.23 £ 65,320 £ 171,850 £ 270,000
DDI000002 Diana Close 2 DIANA CLOSE DA14 4PZ 1 Bed Flat Assured 87.93 £ 47,390 £ 102,160 £ 150,000
DDI020001B Diana Close 20 DIANA CLOSE DA14 4PZ 1 Bed Flat Assured Protected 84.47 £ 45,530 £ 102,160 £ 150,000
DDI021002B Diana Close 21 DIANA CLOSE DA14 4PZ 1 Bed Flat Assured Protected 84.47 £ 45,530 £ 102,160 £ 150,000
DDI022003B Diana Close 22 DIANA CLOSE DA14 4PZ 1 Bed Flat Assured 84.47 £ 45,530 £ 102,160 £ 150,000
DDI023004B Diana Close 23 DIANA CLOSE DA14 4PZ 1 Bed Flat Assured Protected 84.47 £ 45,530 £ 102,160 £ 150,000
DDI003000 Diana Close 3 DIANA CLOSE DA14 4PZ 2 Bed House Assured Protected 101.84 £ 54,890 £ 130,890 £ 210,000
DDI004000 Diana Close 4 DIANA CLOSE DA14 4PZ 2 Bed House Assured 101.84 £ 54,890 £ 130,890 £ 210,000
DDI005000B Diana Close 5 DIANA CLOSE DA14 4PZ 2 Bed House Assured 104.63 £ 56,400 £ 130,890 £ 210,000
DDI006000B Diana Close 6 DIANA CLOSE DA14 4PZ 2 Bed House Assured 104.63 £ 56,400 £ 130,890 £ 210,000
DDI007000B Diana Close 7 DIANA CLOSE DA14 4PZ 3 Bed House Assured 121.23 £ 65,320 £ 171,840 £ 270,000
DDI008000B Diana Close 8 DIANA CLOSE DA14 4PZ 2 Bed House Assured 104.63 £ 56,400 £ 130,890 £ 210,000
DDI009000B Diana Close 9 DIANA CLOSE DA14 4PZ 2 Bed House Assured 104.63 £ 56,400 £ 130,890 £ 210,000
DWE000028 Davis and Chambers 28 DAVIS WAY DA14 5JR 1 Bed Flat Assured 76.89 £ 46,450 £ 82,150 £ 130,000
DWE000030 Davis and Chambers 30 DAVIS WAY DA14 5JR 2 Bed Flat Assured 92.15 £ 55,670 £ 100,040 £ 150,000
DWE000032 Davis and Chambers 32 DAVIS WAY DA14 5JR 1 Bed Flat Starter Tenancy 79.48 £ 48,010 £ 82,150 £ 130,000
DWE000034 Davis and Chambers 34 DAVIS WAY DA14 5JR 2 Bed Flat Assured 90.06 £ 54,400 £ 100,040 £ 150,000
DWE000036 Davis and Chambers 36 DAVIS WAY DA14 5JR 2 Bed Flat Assured 92.15 £ 55,670 £ 100,040 £ 150,000
CVS000001 Davis and Chambers 1 CHAMBERS AVENUE DA14 5JS 1 Bed Flat Starter Tenancy 82.84 £ 50,040 £ 82,140 £ 130,000
CVS000011 Davis and Chambers 11 CHAMBERS AVENUE DA14 5JS 1 Bed Flat Assured 76.89 £ 46,450 £ 82,140 £ 130,000
CVS000013 Davis and Chambers 13 CHAMBERS AVENUE DA14 5JS 2 Bed Flat Assured 83.59 £ 50,500 £ 100,040 £ 150,000
CVS000015 Davis and Chambers 15 CHAMBERS AVENUE DA14 5JS 1 Bed Flat Assured 78.98 £ 47,710 £ 82,140 £ 130,000
CVS000017 Davis and Chambers 17 CHAMBERS AVENUE DA14 5JS 2 Bed Flat Assured 81.24 £ 49,080 £ 100,040 £ 150,000
CVS000019 Davis and Chambers 19 CHAMBERS AVENUE DA14 5JS 2 Bed Flat Assured Protected 92.15 £ 55,670 £ 100,040 £ 150,000
CVS020000 Davis and Chambers 20 CHAMBERS AVENUE DA14 5JS 3 Bed House Assured 93.68 £ 56,590 £ 173,390 £ 260,000
CVS000021 Davis and Chambers 21 CHAMBERS AVENUE DA14 5JS 1 Bed Flat Assured 76.37 £ 46,130 £ 82,140 £ 130,000
CVS022000 Davis and Chambers 22 CHAMBERS AVENUE DA14 5JS 3 Bed House Assured 101.46 £ 61,290 £ 162,170 £ 250,000
CVS000023 Davis and Chambers 23 CHAMBERS AVENUE DA14 5JS 2 Bed Flat Assured 90.06 £ 54,400 £ 100,040 £ 150,000
CVS024000 Davis and Chambers 24 CHAMBERS AVENUE DA14 5JS 3 Bed House Assured 101.46 £ 61,290 £ 162,170 £ 250,000
CVS000025 Davis and Chambers 25 CHAMBERS AVENUE DA14 5JS 1 Bed Flat Assured 76.37 £ 46,130 £ 82,140 £ 130,000
CVS026000 Davis and Chambers 26 CHAMBERS AVENUE DA14 5JS 3 Bed House Assured 101.46 £ 61,290 £ 162,170 £ 250,000
CVS000027 Davis and Chambers 27 CHAMBERS AVENUE DA14 5JS 2 Bed Flat Assured 90.06 £ 54,400 £ 100,040 £ 150,000
CVS000029 Davis and Chambers 29 CHAMBERS AVENUE DA14 5JS 1 Bed Flat Assured 74.74 £ 45,150 £ 82,140 £ 130,000
CVS003000 Davis and Chambers 3 CHAMBERS AVENUE DA14 5JS 3 Bed House Assured 99.37 £ 60,030 £ 162,170 £ 250,000
CVS000030 Davis and Chambers 30 CHAMBERS AVENUE DA14 5JS 2 Bed Flat Assured 90.18 £ 54,480 £ 100,040 £ 150,000
CVS031000 Davis and Chambers 31 CHAMBERS AVENUE DA14 5JS 3 Bed House Assured 101.46 £ 61,290 £ 162,170 £ 250,000
CVS000032 Davis and Chambers 32 CHAMBERS AVENUE DA14 5JS 2 Bed Flat Assured 89.16 £ 53,860 £ 100,040 £ 150,000
CVS033000 Davis and Chambers 33 CHAMBERS AVENUE DA14 5JS 3 Bed House Assured 101.46 £ 61,290 £ 162,170 £ 250,000
CVS000034 Davis and Chambers 34 CHAMBERS AVENUE DA14 5JS 2 Bed Flat Assured 87.07 £ 52,600 £ 100,040 £ 150,000
CVS000035 Davis and Chambers 35 CHAMBERS AVENUE DA14 5JS 1 Bed Flat Assured 76.37 £ 46,130 £ 82,140 £ 130,000
CVS000036 Davis and Chambers 36 CHAMBERS AVENUE DA14 5JS 2 Bed Flat Assured 87.07 £ 52,600 £ 100,040 £ 150,000
CVS000037 Davis and Chambers 37 CHAMBERS AVENUE DA14 5JS 2 Bed Flat Assured 83.59 £ 50,500 £ 100,040 £ 150,000
CVS000038 Davis and Chambers 38 CHAMBERS AVENUE DA14 5JS 2 Bed Flat Assured 87.07 £ 52,600 £ 100,040 £ 150,000
CVS000039 Davis and Chambers 39 CHAMBERS AVENUE DA14 5JS 1 Bed Flat Assured 78.98 £ 47,710 £ 82,140 £ 130,000
CVS000040 Davis and Chambers 40 CHAMBERS AVENUE DA14 5JS 2 Bed Flat Assured 87.07 £ 52,600 £ 100,040 £ 150,000
CVS000041 Davis and Chambers 41 CHAMBERS AVENUE DA14 5JS 2 Bed Flat Assured 90.06 £ 54,400 £ 100,040 £ 150,000
CVS000043 Davis and Chambers 43 CHAMBERS AVENUE DA14 5JS 1 Bed Flat Assured 78.98 £ 47,710 £ 82,140 £ 130,000
CVS000045 Davis and Chambers 45 CHAMBERS AVENUE DA14 5JS 2 Bed Flat Assured 90.06 £ 54,400 £ 100,040 £ 150,000
CVS005000 Davis and Chambers 5 CHAMBERS AVENUE DA14 5JS 3 Bed House Assured 100.36 £ 60,630 £ 162,170 £ 250,000
CVS000007 Davis and Chambers 7 CHAMBERS AVENUE DA14 5JS 1 Bed Flat Assured 76.89 £ 46,450 £ 82,140 £ 130,000
CVS000009 Davis and Chambers 9 CHAMBERS AVENUE DA14 5JS 2 Bed Flat Assured 90.06 £ 54,400 £ 100,040 £ 150,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 5 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
RYZ034000 Various BR DA SE 34 ELLENBOROUGH ROAD DA14 5LA 3 Bed House Assured 113.42 £ 63,350 £ 127,820 £ 200,000
SSD020000 Stirling Close 20 STIRLING CLOSE DA14 6RP 2 Bed House Assured Protected 114.26 £ 62,500 £ 138,750 £ 235,000
SSD021000 Stirling Close 21 STIRLING CLOSE DA14 6RP 2 Bed House Assured Protected 114.26 £ 62,500 £ 138,750 £ 235,000
SSD022000 Stirling Close 22 STIRLING CLOSE DA14 6RP 2 Bed House Assured 114.26 £ 62,500 £ 138,750 £ 235,000
SSD023000 Stirling Close 23 STIRLING CLOSE DA14 6RP 2 Bed House Assured Protected 114.26 £ 62,500 £ 138,750 £ 235,000
CSD032000 Cloudeseley Close 32 CLOUDESELEY CLOSE DA14 6TF 4 Bed House Assured 134.57 £ 77,780 £ 221,770 £ 345,000
CSD036000 Cloudeseley Close 36 CLOUDESELEY CLOSE DA14 6TF 4 Bed House Assured 134.57 £ 77,780 £ 221,770 £ 345,000
CSD038000 Cloudeseley Close 38 CLOUDESELEY CLOSE DA14 6TF 4 Bed House Assured 133.66 £ 77,200 £ 221,770 £ 345,000
CSD073000 Cloudeseley Close 73 CLOUDESELEY CLOSE DA14 6TF 4 Bed House Assured 134.57 £ 77,780 £ 221,770 £ 345,000
CSD075000 Cloudeseley Close 75 CLOUDESELEY CLOSE DA14 6TF 4 Bed House Assured Protected 134.57 £ 77,780 £ 221,770 £ 345,000
CSD077000 Cloudeseley Close 77 CLOUDESELEY CLOSE DA14 6TF 4 Bed House Assured Protected 134.57 £ 77,780 £ 221,770 £ 345,000
CSD079000 Cloudeseley Close 79 CLOUDESELEY CLOSE DA14 6TF 4 Bed House Assured Protected 134.57 £ 77,780 £ 221,770 £ 345,000
CSD081000 Cloudeseley Close 81 CLOUDESELEY CLOSE DA14 6TF 4 Bed House Assured 134.57 £ 77,780 £ 221,770 £ 345,000
CSD083000 Cloudeseley Close 83 CLOUDESELEY CLOSE DA14 6TF 4 Bed House Assured 134.57 £ 77,780 £ 221,770 £ 345,000
CSD085000 Cloudeseley Close 85 CLOUDESELEY CLOSE DA14 6TF 4 Bed House Assured 134.57 £ 77,780 £ 214,530 £ 335,000
CSD067000 Cloudeseley Close 67 CLOUDESELEY CLOSE DA14 6TF 4 Bed Flat Assured 134.57 £ 77,780 £ 214,540 £ 335,000
HAD039000 Various BR DA SE 39 HADLOW ROAD DA16 1AX 3 Bed House Assured 127.15 £ 71,020 £ 133,450 £ 205,000
TEO104000B Various BR DA SE 104 TYRRELL AVENUE DA16 2BU 3 Bed House Assured 114.99 £ 64,230 £ 133,450 £ 205,000
BFD005000 Various BR DA SE 5 BARNFIELD ROAD DA17 5JP 4 Bed House Assured 138.68 £ 77,460 £ 161,620 £ 230,000
CLG026000 Various BR DA SE 26 CLARENDON GARDENS DA2 6EZ 5 Bed House Starter Tenancy 90.94 £ 50,800 £ 182,110 £ 260,000
SDO039000B Various BR DA SE 39 SHERBROOKE CLOSE DA6 7EQ 3 Bed House Protected Assured 122.15 £ 68,230 £ 154,790 £ 220,000
TLC045000 Talehangers Close 45 Talehangers Close DA6 8AE 3 Bed House Assured 92.38 £ 55,410 £ 55,410 £ 240,000
TLC046000 Talehangers Close 46 Talehangers Close DA6 8AE 3 Bed House Assured 92.38 £ 55,410 £ 55,410 £ 240,000
TLC047000 Talehangers Close 47 Talehangers Close DA6 8AE 2 Bed House Assured Protected 92.38 £ 55,410 £ 55,410 £ 220,000
TLC049000 Talehangers Close 49 Talehangers Close DA6 8AE 3 Bed House Assured 87.65 £ 52,580 £ 52,580 £ 240,000
TLC050000 Talehangers Close 50 Talehangers Close DA6 8AE 3 Bed House Assured Protected 99.09 £ 59,430 £ 59,430 £ 240,000
TLC051000 Talehangers Close 51 Talehangers Close DA6 8AE 3 Bed House Assured 99.09 £ 59,430 £ 59,430 £ 240,000
TLC052000 Talehangers Close 52 Talehangers Close DA6 8AE 3 Bed House Assured 99.09 £ 59,430 £ 59,430 £ 240,000
TLC053000 Talehangers Close 53 Talehangers Close DA6 8AE 4 Bed House Assured 110.66 £ 66,370 £ 66,370 £ 250,000
TLC054000 Talehangers Close 54 Talehangers Close DA6 8AE 4 Bed House Assured 110.66 £ 66,370 £ 66,370 £ 250,000
TLC055000 Talehangers Close 55 Talehangers Close DA6 8AE 4 Bed House Assured 110.66 £ 66,370 £ 66,370 £ 250,000
ERI121000 Various BR DA SE 121 ERITH ROAD DA7 6BT 3 Bed House Assured 131.63 £ 73,520 £ 141,110 £ 200,000
CCS015000 Various BR DA SE 15 CHILTERN CLOSE DA7 6SA 3 Bed House Assured 131.63 £ 73,520 £ 141,110 £ 200,000
PNW073000 Various BR DA SE 73 PENNINE WAY DA7 6SH 3 Bed House Assured 131.63 £ 73,520 £ 141,110 £ 200,000
HRE105000 Various BR DA SE 105 HORSA ROAD DA8 1HF 3 Bed House Assured 113.75 £ 63,540 £ 115,350 £ 185,000
HRE007000 Various BR DA SE 7 HORSA ROAD DA8 1HH 3 Bed House Assured 121.72 £ 67,990 £ 114,750 £ 182,500
SSR022000 Various BR DA SE 22 SPRINGHEAD ROAD DA8 2BE 3 Bed House Assured 113.07 £ 63,160 £ 100,290 £ 150,000
LGF024000 Various BR DA SE 24 LINCOLN CLOSE DA8 2EB 3 Bed House Assured 131.63 £ 73,520 £ 100,890 £ 152,500
VLR013000 Various BR DA SE 13 VALENCE ROAD DA8 3JT 3 Bed House Assured 131.63 £ 73,520 £ 125,420 £ 190,000
MYRO48000 Various BR DA SE 48 MYRTLE CLOSE DA8 3PT 3 Bed House Assured 131.63 £ 73,520 £ 125,420 £ 190,000
TLC048000 Talehangers Close 48 Talehangers Close DA8 8AE 2 Bed House Assured Protected 81.34 £ 48,790 £ 48,790 £ 220,000
CSC000001 Carlisle Road 1 CARLISLE ROAD E10 5JE 2 Bed Flat Assured 97.00 £ 58,880 £ 58,880 £ 195,000
CSC010000 Carlisle Road 10 CARLISLE ROAD E10 5JE 4 Bed House Assured 126.03 £ 76,500 £ 76,500 £ 290,000
CSC100011 Carlisle Road 11 CARLISLE ROAD E10 5JE 2 Bed Flat Assured 97.00 £ 58,880 £ 58,880 £ 195,000
CSC100012 Carlisle Road 12 CARLISLE ROAD E10 5JE 2 Bed Flat Assured 97.00 £ 58,880 £ 58,880 £ 195,000
CSC100013 Carlisle Road 13 CARLISLE ROAD E10 5JE 2 Bed Flat Assured 97.00 £ 58,880 £ 58,880 £ 195,000
CSC100014 Carlisle Road 14 CARLISLE ROAD E10 5JE 2 Bed Flat Assured 97.00 £ 58,880 £ 58,880 £ 195,000
CSC000002 Carlisle Road 2 CARLISLE ROAD E10 5JE 2 Bed Flat Assured 97.00 £ 58,880 £ 58,880 £ 195,000
CSC000003 Carlisle Road 3 CARLISLE ROAD E10 5JE 2 Bed Flat Assured 97.00 £ 58,880 £ 58,880 £ 195,000
CSC000004 Carlisle Road 4 CARLISLE ROAD E10 5JE 2 Bed Flat Assured 97.00 £ 58,880 £ 58,880 £ 195,000
CSC000500 Carlisle Road 5 CARLISLE ROAD E10 5JE 4 Bed House Assured 126.03 £ 76,500 £ 76,500 £ 290,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 6 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
CSC006000 Carlisle Road 6 CARLISLE ROAD E10 5JE 4 Bed House Assured 126.03 £ 76,490 £ 76,490 £ 290,000
CSC007000 Carlisle Road 7 CARLISLE ROAD E10 5JE 4 Bed House Assured 126.03 £ 76,490 £ 76,490 £ 290,000
CSC008000 Carlisle Road 8 CARLISLE ROAD E10 5JE 4 Bed House Assured 126.03 £ 76,490 £ 76,490 £ 290,000
CSC009000 Carlisle Road 9 CARLISLE ROAD E10 5JE 4 Bed House Assured 126.03 £ 76,490 £ 76,490 £ 290,000
EPS001000 Nursery Terrace, Epsom Road, Leyton, London 1 NURSERY TERRACE E10 6ES 4 Bed House Assured 123.06 £ 72,900 £ 174,150 £ 275,000
EPS010000 Nursery Terrace, Epsom Road, Leyton, London 10 NURSERY TERRACE E10 6ES 3 Bed House Assured 118.01 £ 69,920 £ 154,670 £ 250,000
EPS011000 Nursery Terrace, Epsom Road, Leyton, London 11 NURSERY TERRACE E10 6ES 3 Bed House Assured Protected 109.57 £ 64,920 £ 154,670 £ 250,000
EPS012000 Nursery Terrace, Epsom Road, Leyton, London 12 NURSERY TERRACE E10 6ES 4 Bed House Assured 123.06 £ 72,900 £ 174,150 £ 275,000
EPS002000 Nursery Terrace, Epsom Road, Leyton, London 2 NURSERY TERRACE E10 6ES 3 Bed House Assured Protected 109.57 £ 64,920 £ 154,670 £ 250,000
EPS003000 Nursery Terrace, Epsom Road, Leyton, London 3 NURSERY TERRACE E10 6ES 3 Bed House Assured 118.01 £ 69,920 £ 154,670 £ 250,000
EPS004000 Nursery Terrace, Epsom Road, Leyton, London 4 NURSERY TERRACE E10 6ES 3 Bed House Assured 118.01 £ 69,920 £ 154,670 £ 250,000
EPS005000 Nursery Terrace, Epsom Road, Leyton, London 5 NURSERY TERRACE E10 6ES 3 Bed House Assured 118.01 £ 69,920 £ 154,670 £ 250,000
EPS006000 Nursery Terrace, Epsom Road, Leyton, London 6 NURSERY TERRACE E10 6ES 3 Bed House Assured Protected 109.57 £ 64,920 £ 154,670 £ 250,000
EPS007000 Nursery Terrace, Epsom Road, Leyton, London 7 NURSERY TERRACE E10 6ES 3 Bed House Assured 118.01 £ 69,920 £ 154,670 £ 250,000
EPS008000 Nursery Terrace, Epsom Road, Leyton, London 8 NURSERY TERRACE E10 6ES 3 Bed House Assured 118.01 £ 69,920 £ 154,670 £ 250,000
EPS009000 Nursery Terrace, Epsom Road, Leyton, London 9 NURSERY TERRACE E10 6ES 3 Bed House Assured 118.01 £ 69,920 £ 154,670 £ 250,000
CCE109000 Cann Hall Road 109 CANN HALL ROAD E11 3NJ 2 Bed House Assured 109.48 £ 56,390 £ 121,220 £ 190,000
CCE257001 Cann Hall Road FLAT A 257 CANN HALL ROAD E11 3NL 1 Bed Flat Fair Rent 70.23 £ 36,170 £ 95,430 £ 140,000
CCE257002 Cann Hall Road FLAT B 257 CANN HALL ROAD E11 3NL 1 Bed Flat Assured 89.89 £ 46,300 £ 95,430 £ 140,000
CCE263001 Cann Hall Road FLAT A 263 CANN HALL ROAD E11 3NL 1 Bed Flat Assured 88.44 £ 45,550 £ 95,430 £ 140,000
CCE263002 Cann Hall Road FLAT B 263 CANN HALL ROAD E11 3NL 1 Bed Flat Assured 80.52 £ 41,470 £ 95,430 £ 140,000
CCE273000 Cann Hall Road 273 CANN HALL ROAD E11 3NL 3 Bed House Fair Rent 108.72 £ 56,000 £ 131,200 £ 235,000
CCE281001 Cann Hall Road FLAT A 281 CANN HALL ROAD E11 3NL 1 Bed Flat Assured 83.09 £ 42,800 £ 95,430 £ 140,000
CCE281002 Cann Hall Road FLAT B 281 CANN HALL ROAD E11 3NL 1 Bed Flat Fair Rent 68.54 £ 35,320 £ 95,430 £ 140,000
SOH065000 Various E EC IG RM 65 SOUTHWELL GROVE ROAD E11 4PP 3 Bed House Protected Assured 131.65 £ 71,980 £ 179,800 £ 250,000
7130050003 Various E EC IG RM 5 DURHAM ROAD E12 5AY 2 Bed House Assured 104.05 £ 56,890 £ 142,100 £ 200,000
6860320007 Various E EC IG RM 32 EIGHTH AVENUE E12 5JN 3 Bed House Assured 115.47 £ 63,130 £ 159,790 £ 220,000
6902320004 Various E EC IG RM 232 GRANTHAM ROAD E12 5ND 2 Bed House Assured 104.05 £ 56,890 £ 142,100 £ 200,000
7500930007 Various E EC IG RM 93 LITTLE ILFORD LANE E12 5PN 3 Bed House Assured 110.50 £ 60,420 £ 159,790 £ 220,000
7252380008 Various E EC IG RM 238 PARKHURST ROAD E12 5QY 4 Bed House Assured 124.41 £ 68,020 £ 174,150 £ 235,000
BHM048000 Various E EC IG RM 48 DORE AVENUE E12 6JU 2 Bed House Assured 106.39 £ 58,170 £ 124,530 £ 190,000
LEF008000 Various E EC IG RM 8 LEIGHTON AVENUE E12 6JW 2 Bed House Assured 103.82 £ 56,760 £ 124,530 £ 190,000
LEF042000 Various E EC IG RM 42 LEIGHTON AVENUE E12 6JW 2 Bed House Assured 106.22 £ 58,080 £ 124,530 £ 190,000
7550470007 Various E EC IG RM 47 BERKELEY ROAD E12 6RP 3 Bed House Assured 120.44 £ 65,850 £ 140,060 £ 210,000
4900290012 Various E EC IG RM 29 COLERIDGE AVENUE E12 6RQ 2 Bed House Assured 104.05 £ 56,890 £ 124,530 £ 190,000
4850120014 Various E EC IG RM 12 SIBLEY GROVE E12 6SE 3 Bed House Assured 120.62 £ 65,950 £ 140,060 £ 210,000
3402040013 Various E EC IG RM FLAT A, 204 HALLEY ROAD E12 6UD 2 Bed Flat Assured 99.89 £ 54,620 £ 124,530 £ 190,000
3402040023 Various E EC IG RM FLAT B, 204 HALLEY ROAD E12 6UD 1 Bed Flat Assured 84.23 £ 46,050 £ 110,180 £ 175,000
SOL025000 Various E EC IG RM 25 STOCK STREET E13 0BX 3 Bed House Assured 124.70 £ 68,180 £ 165,440 £ 235,000
SOL027000 Various E EC IG RM 27 STOCK STREET E13 0BX 3 Bed House Assured 124.70 £ 68,180 £ 165,440 £ 235,000
7310790005 Various E EC IG RM 79 LUCAS AVENUE E13 0QP 3 Bed House Assured 117.95 £ 64,490 £ 165,440 £ 235,000
GDN036000 Various E EC IG RM 36 GARDNER RD E13 8LN 3 Bed House Assured 119.67 £ 65,430 £ 165,440 £ 235,000
CAN014000 Caraway Close 14 CARAWAY CLOSE E13 8PN 3 Bed House Assured 123.21 £ 64,200 £ 131,250 £ 200,000
CAN015000 Caraway Close 15 CARAWAY CLOSE E13 8PN 3 Bed House Assured 125.11 £ 65,180 £ 131,250 £ 200,000
CAN016000 Caraway Close 16 CARAWAY CLOSE E13 8PN 3 Bed House Assured 116.36 £ 60,630 £ 131,250 £ 200,000
CAN017000 Caraway Close 17 CARAWAY CLOSE E13 8PN 3 Bed House Assured 124.74 £ 64,990 £ 131,250 £ 200,000
6890090002 Various E EC IG RM 9 SUSSEX STREET E13 8QF 2 Bed House Assured 104.05 £ 56,890 £ 141,220 £ 215,000
6950320006 Various E EC IG RM 32 GLASGOW ROAD E13 9HP 2 Bed House Assured 104.05 £ 56,890 £ 141,220 £ 215,000
7060160007 Various E EC IG RM 16 UPPERTON ROAD WEST E13 9LS 2 Bed House Assured 104.05 £ 56,890 £ 133,390 £ 200,000
LEF001000 Various E EC IG RM 1 LEYTON ROAD E15 1DQ 2 Bed Bungalow Assured 102.97 £ 56,300 £ 154,550 £ 235,000
LEF003000 Various E EC IG RM 3 LEYTON ROAD E15 1DQ 2 Bed Bungalow Assured 108.77 £ 59,470 £ 154,550 £ 235,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 7 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
MEP002001 Various E EC IG RM 2A MARYLAND ROAD E15 1JJ 1 Bed Bungalow Assured 93.26 £ 50,990 £ 118,460 £ 175,000
MEP002002 Various E EC IG RM 2B MARYLAND ROAD E15 1JJ 1 Bed Bungalow Assured 89.65 £ 49,020 £ 118,460 £ 175,000
MEP002003 Various E EC IG RM 2C MARYLAND ROAD E15 1JJ 1 Bed Bungalow Assured 90.82 £ 49,660 £ 118,460 £ 175,000
MEP002004 Various E EC IG RM 2D MARYLAND ROAD E15 1JJ 1 Bed Bungalow Assured 90.72 £ 49,600 £ 118,460 £ 175,000
BIA035001 Various E EC IG RM FLAT A 35 BISSON ROAD E15 2RD 1 Bed Flat Assured 88.47 £ 48,370 £ 110,920 £ 150,000
BIA035002 Various E EC IG RM FLAT B 35 BISSON ROAD E15 2RD 1 Bed Flat Assured 87.82 £ 48,020 £ 110,910 £ 150,000
5070100002 Various E EC IG RM 10 HAMILTON ROAD E15 3AE 3 Bed House Assured 120.44 £ 65,850 £ 181,980 £ 250,000
5070040005 Various E EC IG RM 4 HAMILTON ROAD E15 3AE 3 Bed House Assured 120.44 £ 65,850 £ 181,980 £ 250,000
683058000A Various E EC IG RM 58 MEATH ROAD E15 3DR 2 Bed House Assured 106.53 £ 58,250 £ 162,680 £ 232,500
BIK007100 Ham Park Road 71 HAM PARK ROAD E15 4AD 4 Bed House Assured 137.38 £ 72,500 £ 247,500 £ 425,000
BIK073000 Ham Park Road 73 HAM PARK ROAD E15 4AD 4 Bed House Assured 136.73 £ 72,500 £ 247,500 £ 425,000
BIK079000 Ham Park Road 79 HAM PARK ROAD E15 4AD 4 Bed House Assured 134.99 £ 72,500 £ 247,500 £ 425,000
5020820019 Various E EC IG RM 82 MEESON ROAD E15 4AP 3 Bed House Assured 113.68 £ 62,160 £ 181,980 £ 250,000
HPR083000 Ham Park Road 83 HAM PARK ROAD E15 4HQ 4 Bed House Assured 137.38 £ 72,500 £ 247,500 £ 425,000
4910900006 Various E EC IG RM 90 CARNARVON ROAD E15 4JW 4 Bed House Assured 135.44 £ 74,050 £ 201,410 £ 277,500
RHJ049001 Various E EC IG RM FLAT A 49 ROMFORD ROAD E15 4LY 2 Bed Flat Assured 89.42 £ 48,890 £ 161,530 £ 227,500
RHJ049002 Various E EC IG RM FLAT B 49 ROMFORD ROAD E15 4LY 2 Bed Flat Fair Rent 82.84 £ 45,290 £ 165,310 £ 225,000
4300160010 Various E EC IG RM 16 LOUISE ROAD E15 4NW 3 Bed House Assured 117.95 £ 64,490 £ 181,980 £ 250,000
PFJ004000 Various E EC IG RM 4 PITCHFORD STREET E15 4RX 1 Bed House Assured 100.35 £ 54,870 £ 144,410 £ 210,000
BHH029000 Various E EC IG RM 29 BINGLEY ROAD E16 3JR 3 Bed House Assured 128.17 £ 70,080 £ 159,790 £ 220,000
4960580011 Various E EC IG RM 58 ALEXANDRA STREET E16 4DJ 3 Bed House Assured 122.70 £ 67,090 £ 159,790 £ 220,000
1286243000 Various E EC IG RM FLAT 241 HERMIT ROAD E16 4LA 2 Bed Flat Assured 118.46 £ 64,770 £ 97,560 £ 160,000
1286241000 Various E EC IG RM FLAT 243 HERMIT ROAD E16 4LA 2 Bed Flat Assured 118.46 £ 64,770 £ 97,560 £ 160,000
1286245000 Various E EC IG RM FLAT 245 HERMIT ROAD E16 4LA 2 Bed Flat Assured 118.46 £ 64,770 £ 97,560 £ 160,000
SCJ063000 St John's Road FIRST FLOOR FLAT 63 ST JOHNS ROAD E17 4JG 1 Bed Flat Assured 79.01 £ 40,900 £ 99,420 £ 155,000
SCJ065000 St John's Road 65 ST JOHNS ROAD E17 4JG 1 Bed Flat Assured 84.49 £ 43,730 £ 99,420 £ 155,000
SCJ192000 St John's Road GROUND FLOOR FLAT 192 ST JOHNS ROAD E17 4JN 2 Bed Flat Assured 94.43 £ 48,870 £ 116,540 £ 180,000
SCJ194000 St John's Road 194 ST JOHNS ROAD E17 4JN 2 Bed Flat Fair Rent 85.18 £ 44,090 £ 116,540 £ 180,000
SCJ196000 St John's Road FIRST FLOOR FLAT 196 ST JOHNS ROAD E17 4JN 2 Bed Flat Assured 93.79 £ 48,540 £ 116,540 £ 180,000
SCJ198000 St John's Road GROUND FLOOR FLAT 198 ST JOHNS ROAD E17 4JN 2 Bed Flat Assured 94.43 £ 48,870 £ 116,540 £ 180,000
RZY003000 Various E EC IG RM 3 RODNEY PLACE E17 5NN 3 Bed House Protected Assured 131.65 £ 71,980 £ 162,380 £ 250,000
LWA009000 Various E EC IG RM 9 LAWRENCE AVENUE E17 5PG 3 Bed House Assured 131.65 £ 71,980 £ 162,380 £ 250,000
TVR026000 Various E EC IG RM 26 TRAVERS CLOSE E17 5PT 2 Bed House Assured 117.44 £ 64,210 £ 144,690 £ 230,000
BHM283000 Various E EC IG RM 283 BILLET ROAD E17 5PU 3 Bed House Assured 128.17 £ 70,080 £ 162,380 £ 250,000
LEL012000 Various E EC IG RM 12 LEE CLOSE E17 5QG 3 Bed House Assured 113.06 £ 61,820 £ 162,380 £ 250,000
ESK012001 Caley Court FLAT 1 CALEY COURT E17 6GB 3 Bed Flat Assured 100.03 £ 66,250 £ 126,480 £ 190,000
ESK012002 Caley Court FLAT 2 CALEY COURT E17 6GB 3 Bed Flat Assured 98.67 £ 65,350 £ 126,480 £ 190,000
ESK012003 Caley Court FLAT 3 CALEY COURT E17 6GB 2 Bed Flat Assured 94.80 £ 62,780 £ 113,160 £ 170,000
ESK012004 Caley Court FLAT 4 CALEY COURT E17 6GB 3 Bed Flat Assured 100.03 £ 66,250 £ 126,470 £ 190,000
ESK012005 Caley Court FLAT 5 CALEY COURT E17 6GB 2 Bed Flat Assured 89.29 £ 59,130 £ 113,160 £ 170,000
ESK012006 Caley Court FLAT 6 CALEY COURT E17 6GB 1 Bed Flat Assured 79.42 £ 52,600 £ 99,850 £ 150,000
ESK012007 Caley Court FLAT 7 CALEY COURT E17 6GB 3 Bed Flat Assured 105.98 £ 70,190 £ 126,470 £ 190,000
ESK012008 Caley Court FLAT 8 CALEY COURT E17 6GB 3 Bed Flat Assured 104.92 £ 69,490 £ 126,470 £ 190,000
ESK012009 Caley Court FLAT 9 CALEY COURT E17 6GB 2 Bed Flat Assured 89.29 £ 59,130 £ 113,160 £ 170,000
ESK012010 Caley Court FLAT 10 CALEY COURT E17 6GB 3 Bed Flat Assured 105.98 £ 70,190 £ 126,470 £ 190,000
ESK012011 Caley Court FLAT 11 CALEY COURT E17 6GB 3 Bed Flat Assured 100.03 £ 66,250 £ 126,470 £ 190,000
ESK012012 Caley Court FLAT 12 CALEY COURT E17 6GB 2 Bed Flat Assured 89.29 £ 59,130 £ 113,160 £ 170,000
ESK012013 Caley Court FLAT 13 CALEY COURT E17 6GB 3 Bed Flat Assured 100.03 £ 66,250 £ 126,470 £ 190,000
ESK012014 Caley Court FLAT 14 CALEY COURT E17 6GB 3 Bed Flat Assured 100.03 £ 66,250 £ 126,470 £ 190,000
ESK012015 Caley Court FLAT 15 CALEY COURT E17 6GB 2 Bed Flat Assured 89.29 £ 59,130 £ 113,160 £ 170,000
ESK012016 Caley Court FLAT 16 CALEY COURT E17 6GB 3 Bed Flat Assured 100.03 £ 66,250 £ 126,470 £ 190,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 8 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
ESK012017 Caley Court FLAT 17 CALEY COURT E17 6GB 3 Bed Flat Assured 100.03 £ 66,250 £ 126,470 £ 190,000
ESK012018 Caley Court FLAT 18 CALEY COURT E17 6GB 2 Bed Flat Assured 89.29 £ 59,130 £ 113,160 £ 170,000
ESK012019 Caley Court FLAT 19 CALEY COURT E17 6GB 2 Bed Flat Shared Ownership 258.53 £ - £ - £ -
ESK012020 Caley Court FLAT 20 CALEY COURT E17 6GB 2 Bed Flat Shared Ownership 232.02 £ - £ - £ -
ESK012021 Caley Court FLAT 21 CALEY COURT E17 6GB 1 Bed Flat Shared Ownership 182.12 £ - £ - £ -
ESK012022 Caley Court FLAT 22 CALEY COURT E17 6GB 2 Bed Flat Shared Ownership 258.53 £ - £ - £ -
ESK012023 Caley Court FLAT 23 CALEY COURT E17 6GB 2 Bed Flat Shared Ownership 265.16 £ - £ - £ -
ESK012024 Caley Court FLAT 24 CALEY COURT E17 6GB 1 Bed Flat Shared Ownership 205.50 £ - £ - £ -
SPG014000 Various E EC IG RM 14 SPRINGFIELD ROAD E17 8DB 2 Bed House Assured 110.79 £ 60,580 £ 151,350 £ 240,000
1155158001 Imani Terrace 2 IMANI TERRACE 158 BOUNDARY ROAD E17 8LP 2 Bed House Assured 106.53 £ 55,220 £ 147,000 £ 240,000
1155158002 Imani Terrace 3 IMANI TERRACE 158 BOUNDARY ROAD E17 8LP 2 Bed House Assured 106.53 £ 55,220 £ 147,000 £ 240,000
1155158003 Imani Terrace 4 IMANI TERRACE 158 BOUNDARY ROAD E17 8LP 2 Bed House Assured 106.53 £ 55,220 £ 147,000 £ 240,000
1155158004 Imani Terrace 5 IMANI TERRACE 158 BOUNDARY ROAD E17 8LP 2 Bed House Assured 104.39 £ 54,120 £ 147,000 £ 240,000
1155158005 Imani Terrace 6 IMANI TERRACE 158 BOUNDARY ROAD E17 8LP 2 Bed House Assured 106.53 £ 55,220 £ 147,000 £ 240,000
1157002000 Various E EC IG RM 2 COLCHESTER ROAD E17 8NX 5 Bed House Assured 143.57 £ 78,500 £ 201,510 £ 325,000
3920710012 Various E EC IG RM 71 CHISENHALE ROAD E3 5QY 4 Bed House Secured Tenancy 131.23 £ 71,750 £ 246,420 £ 425,000
NPK066000 Various E EC IG RM 66 NORMANTON PARK E4 6HF 2 Bed House Assured 118.06 £ 64,550 £ 140,330 £ 230,000
CNG116000 Various E EC IG RM 116 CONNINGTON CRESCENT E4 6LA 3 Bed House Assured 131.65 £ 71,980 £ 158,020 £ 250,000
OTB031000 Various E EC IG RM 31 OTTERBOURNE ROAD E4 6LL 2 Bed House Assured 118.47 £ 64,770 £ 140,330 £ 230,000
RTG019000 Various E EC IG RM 19 RETINGHAM WAY E4 6RR 3 Bed House Assured 131.65 £ 71,980 £ 176,870 £ 275,000
BZO035000 Various E EC IG RM 35 BOARDMAN AVENUE E4 7QB 3 Bed House Assured 131.65 £ 71,980 £ 176,870 £ 275,000
BOA005000 Various E EC IG RM 50 BOARDMAN AVENUE E4 7QD 3 Bed House Assured 132.55 £ 72,470 £ 176,870 £ 275,000
BOA006400 Various E EC IG RM 64 BOARDMAN AVENUE E4 7QD 3 Bed House Assured 132.55 £ 72,470 £ 171,360 £ 270,000
SEZ092000 Various E EC IG RM 92 SEWARDSTONE GARDENS E4 7QE 3 Bed House Assured 132.55 £ 72,470 £ 176,870 £ 275,000
ANL065000 Various E EC IG RM 65 ANTLERS HILL E4 7RX 3 Bed House Assured 130.16 £ 71,170 £ 176,870 £ 275,000
ANL085000 Various E EC IG RM 85 ANTLERS HILL E4 7RX 3 Bed House Protected Assured 119.67 £ 65,430 £ 176,870 £ 275,000
ANL089000 Various E EC IG RM 89 ANTLERS HILL E4 7RX 3 Bed House Assured 131.90 £ 72,120 £ 176,870 £ 275,000
ANL126000 Various E EC IG RM 126 ANTLERS HILL E4 7RY 3 Bed House Assured 131.65 £ 71,980 £ 176,870 £ 275,000
WWD143000 Various E EC IG RM 143 WESTWARD ROAD E4 8QH 3 Bed House Protected Assured 132.55 £ 72,470 £ 152,510 £ 245,000
CWA045000 Various E EC IG RM 45 CHING WAY E4 8YE 3 Bed House Protected Assured 130.16 £ 71,170 £ 152,510 £ 245,000
BSV057000 Various E EC IG RM 57 BURNSIDE AVENUE E4 8YW 3 Bed House Assured 119.96 £ 65,590 £ 149,750 £ 242,500
HTH024000 Various E EC IG RM 24 HEATHER ROAD E4 8YX 3 Bed House Assured 131.65 £ 71,980 £ 152,510 £ 245,000
FCC002000 Various E EC IG RM 20 FIELD CLOSE E4 9DJ 3 Bed House Protected Assured 119.73 £ 65,460 £ 171,360 £ 270,000
FCC008000 Various E EC IG RM 8 FIELD CLOSE E4 9DJ 3 Bed House Assured 131.65 £ 71,980 £ 171,360 £ 270,000
VLG014000 Various E EC IG RM 14 VILLAGE CLOSE E4 9HT 3 Bed House Assured 131.65 £ 71,980 £ 171,360 £ 270,000
LOL022000 Various E EC IG RM 22 LONG LEYS E4 9LW 3 Bed House Assured 132.55 £ 72,470 £ 167,590 £ 272,500
5570500006 Various E EC IG RM 50 PEDRO STREET E5 0BW 3 Bed House Assured 132.55 £ 72,470 £ 181,800 £ 277,500
5570500000 Various E EC IG RM 50A PEDRO STREET E5 0BW 4 Bed House Assured 143.52 £ 78,470 £ 200,080 £ 300,000
3151740000 Various E EC IG RM 174 DAUBENEY ROAD E5 0ED 3 Bed House Assured 136.55 £ 74,660 £ 191,680 £ 282,500
3151960000 Various E EC IG RM 196 DAUBENEY ROAD E5 0ED 3 Bed House Assured 135.14 £ 73,890 £ 191,680 £ 282,500
1202112000 Various E EC IG RM 112 DURRINGTON ROAD E5 0HS 3 Bed House Assured 136.55 £ 74,660 £ 186,740 £ 280,000
1001002000 Various E EC IG RM 2 BLACKWELL CLOSE E5 0TA 3 Bed House Assured 135.63 £ 74,160 £ 191,680 £ 282,500
1001009000 Various E EC IG RM 9 BLACKWELL CLOSE E5 0TA 3 Bed House Assured 135.63 £ 74,160 £ 191,680 £ 282,500
1009001000 Various E EC IG RM 1 STUDLEY CLOSE E5 0TY 3 Bed House Assured 135.63 £ 74,160 £ 191,680 £ 282,500
1132004000 Various E EC IG RM 4 YATESBURY COURT E5 0TZ 3 Bed House Assured 136.55 £ 74,660 £ 191,680 £ 282,500
1132006000 Various E EC IG RM 6 YATESBURY COURT E5 0TZ 3 Bed House Assured 135.14 £ 73,890 £ 191,680 £ 282,500
1036010000 Various E EC IG RM 10 MONTEAGLE WAY E5 8PH 4 Bed House Assured 134.46 £ 73,520 £ 268,060 £ 415,000
1139007000 Various E EC IG RM 7 PROUT ROAD E5 9NR 3 Bed House Assured 129.04 £ 70,550 £ 248,950 £ 370,000
1165020000 Various E EC IG RM 20 RIVERSIDE CLOSE E5 9SP 3 Bed House Assured 134.71 £ 73,650 £ 248,950 £ 370,000
PFO108000 Various E EC IG RM 108 PLASHET GROVE E6 1AB 5 Bed House Starter Tenancy 139.97 £ 76,530 £ 336,320 £ 550,000
BHN086000 Various E EC IG RM 86 ELIZABETH ROAD E6 1BP 2 Bed House Protected Assured 105.51 £ 57,690 £ 154,420 £ 225,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 9 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
7560460001 Various E EC IG RM 46 MILTON AVENUE E6 1BQ 3 Bed House Assured 119.55 £ 65,360 £ 169,360 £ 242,500
7570430000 Various E EC IG RM 43 TUDOR ROAD E6 1DP 3 Bed House Assured 119.78 £ 65,490 £ 169,360 £ 242,500
6990230005 Various E EC IG RM 23 ABBOTS ROAD E6 1LE 2 Bed House Assured 104.05 £ 56,890 £ 154,420 £ 225,000
4821030017 Various E EC IG RM 103 ARRAGON ROAD E6 1QW 2 Bed House Assured 104.05 £ 56,890 £ 154,420 £ 225,000
6880400008 Various E EC IG RM 40 LEIGH ROAD E6 2AS 2 Bed House Assured 104.05 £ 56,890 £ 140,060 £ 210,000
5032200011 Various E EC IG RM 220 CALEDON ROAD E6 2EX 2 Bed House Assured 98.92 £ 54,090 £ 135,120 £ 207,500
WAS076000 Various E EC IG RM 76 WALL END ROAD E6 2NR 2 Bed House Assured 108.46 £ 59,300 £ 140,060 £ 210,000
7980950002 Various E EC IG RM 95 TALBOT ROAD E6 2RY 3 Bed House Assured 120.44 £ 65,850 £ 155,580 £ 230,000
RAB059000 Various E EC IG RM 59 RANELAGH ROAD E6 2SJ 2 Bed House Assured 111.47 £ 60,950 £ 140,060 £ 210,000
BGS094000 Various E EC IG RM 94 LONSDALE AVENUE E6 3JX 3 Bed House Assured 119.32 £ 65,240 £ 151,080 £ 220,000
4930790018 Various E EC IG RM 79 BROOKS AVENUE E6 3PH 3 Bed House Assured 122.70 £ 67,090 £ 151,080 £ 220,000
BGS232000 Various E EC IG RM 232 LONSDALE AVENUE E6 3PW 3 Bed House Assured 119.32 £ 65,240 £ 151,080 £ 220,000
BGS205000 Various E EC IG RM 205 LONSDALE AVENUE E6 3PZ 3 Bed House Assured 120.09 £ 65,660 £ 151,080 £ 220,000
MOX064000 Various E EC IG RM 64 MONMOUTH ROAD E6 3QT 3 Bed House Assured 120.86 £ 66,080 £ 151,080 £ 220,000
BEM020000 Roman Road 20 ROMAN ROAD E6 3RX 2 Bed House Assured 110.90 £ 55,460 £ 137,910 £ 200,000
BEM032000 Roman Road 32 ROMAN ROAD E6 3RX 2 Bed House Assured 110.79 £ 55,410 £ 133,320 £ 190,000
BJI016000 Various E EC IG RM 16 SAXON ROAD E6 3RZ 2 Bed House Assured 111.67 £ 61,060 £ 137,750 £ 200,000
BEM205000 Roman Road 205 ROMAN ROAD E6 3SJ 3 Bed House Assured 119.32 £ 59,670 £ 148,090 £ 225,000
BEM225000 Roman Road 225 ROMAN ROAD E6 3SJ 3 Bed House Assured 120.86 £ 60,440 £ 148,090 £ 225,000
BEM265000 Roman Road 265 ROMAN ROAD E6 3SJ 3 Bed House Assured 109.76 £ 54,890 £ 148,090 £ 225,000
BEM173000 Roman Road 173 ROMAN ROAD E6 3SP 3 Bed House Assured 121.18 £ 60,600 £ 148,090 £ 225,000
BEM273000 Roman Road 273 ROMAN ROAD E6 3SQ 3 Bed House Assured 121.46 £ 60,740 £ 148,090 £ 225,000
BEM070000 Roman Road 70 ROMAN ROAD E6 3SR 2 Bed House Starter Tenancy 105.51 £ 52,790 £ 133,320 £ 190,000
4290020014 Various E EC IG RM 2 BECKET AVENUE E6 6AF 2 Bed House Assured 104.05 £ 56,890 £ 140,060 £ 210,000
FOL015000 Various E EC IG RM 15 FOLKESTONE ROAD E6 6BX 3 Bed House Assured 120.09 £ 65,660 £ 152,240 £ 225,000
4280310001 Various E EC IG RM 31 ST ALBANS AVENUE E6 6HH 2 Bed House Assured 93.11 £ 50,910 £ 135,120 £ 207,500
7210690005 Various E EC IG RM 69 CHARLEMONT ROAD E6 6HJ 3 Bed House Assured 106.26 £ 58,100 £ 159,790 £ 220,000
4870170000 Various E EC IG RM 17 STATION ROAD E7 0ES 3 Bed House Assured 120.44 £ 65,850 £ 164,150 £ 220,000
1272020000 Various E EC IG RM 20 MACDONALD ROAD E7 0HE 4 Bed House Assured 142.60 £ 77,970 £ 187,900 £ 285,000
1272022000 Various E EC IG RM 22 MACDONALD ROAD E7 0HE 4 Bed House Assured 142.60 £ 77,970 £ 187,900 £ 285,000
CCO082001 Various E EC IG RM FLAT A 82 CAPEL ROAD E7 0JS 2 Bed Flat Assured 93.69 £ 51,230 £ 161,530 £ 227,500
CCO082002 Various E EC IG RM FLAT B 82 CAPEL ROAD E7 0JS 2 Bed Flat Assured 85.94 £ 46,990 £ 156,600 £ 225,000
CCO082003 Various E EC IG RM FLAT C 82 CAPEL ROAD E7 0JS 2 Bed Flat Assured 81.87 £ 44,760 £ 161,530 £ 227,500
LHY024000 Various E EC IG RM 24 LORNE ROAD E7 0LJ 3 Bed House Assured 107.14 £ 58,580 £ 176,470 £ 245,000
LHY074000 Various E EC IG RM 74 LORNE ROAD E7 0LL 5 Bed House Assured 147.81 £ 80,800 £ 200,080 £ 300,000
TGT036000 Various E EC IG RM 36 TYLNEY ROAD E7 0LR 3 Bed House Assured 117.44 £ 64,210 £ 164,150 £ 220,000
TGT015001 Various E EC IG RM FLAT A 15 TYLNEY ROAD E7 0LS 1 Bed Flat Assured 79.15 £ 43,280 £ 104,130 £ 130,000
TGT015002 Various E EC IG RM FLAT B 15 TYLNEY ROAD E7 0LS 1 Bed Flat Assured 78.49 £ 42,910 £ 104,130 £ 130,000
RFT052001 Ridley Road FLAT A 52 RIDLEY ROAD E7 0LT 1 Bed Flat Fair Rent 71.11 £ 35,920 £ 89,040 £ 140,000
RFT052002 Ridley Road FLAT B 52 RIDLEY ROAD E7 0LT 1 Bed Flat Assured 79.80 £ 40,310 £ 89,040 £ 140,000
RFT082001 Ridley Road FLAT A 82 RIDLEY ROAD E7 0LT 2 Bed Flat Fair Rent 75.55 £ 38,160 £ 103,690 £ 160,000
RFT082002 Ridley Road FLAT B 82 RIDLEY ROAD E7 0LT 2 Bed Flat Assured 80.02 £ 40,420 £ 103,690 £ 160,000
RFT015001 Ridley Road FLAT A 15 RIDLEY ROAD E7 0LU 1 Bed Flat Assured 78.95 £ 39,880 £ 89,040 £ 140,000
RFT015002 Ridley Road FLAT B 15 RIDLEY ROAD E7 0LU 1 Bed Flat Assured 79.80 £ 40,310 £ 85,500 £ 132,500
ODE054000 Osborne Road 54 OSBORNE ROAD E7 0PA 4 Bed House Assured 134.90 £ 66,400 £ 143,410 £ 250,000
ODE024001 Osborne Road FLAT A 24 OSBORNE ROAD E7 0PH 1 Bed Flat Assured 81.96 £ 40,340 £ 98,720 £ 150,000
ODE024002 Osborne Road FLAT B 24 OSBORNE ROAD E7 0PH 2 Bed Flat Assured 89.42 £ 44,010 £ 105,300 £ 160,000
ODE034001 Osborne Road FLAT A 34 OSBORNE ROAD E7 0PH 1 Bed Flat Assured 81.96 £ 40,340 £ 98,720 £ 150,000
ODE034002 Osborne Road FLAT B 34 OSBORNE ROAD E7 0PH 2 Bed Flat Assured 92.94 £ 45,740 £ 105,300 £ 160,000
ODE076001 Osborne Road FLAT A 76 OSBORNE ROAD E7 0PH 1 Bed Flat Fair Rent 73.00 £ 35,930 £ 98,720 £ 150,000
ODE076002 Osborne Road FLAT B 76 OSBORNE ROAD E7 0PH 2 Bed Flat Assured 90.01 £ 44,300 £ 105,300 £ 160,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 10 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
ODE112001 Osborne Road FLAT A 112 OSBORNE ROAD E7 0PL 1 Bed Flat Assured 81.96 £ 40,340 £ 98,720 £ 150,000
ODE112002 Osborne Road FLAT B 112 OSBORNE ROAD E7 0PL 2 Bed Flat Assured 95.19 £ 46,850 £ 105,300 £ 160,000
ODE114000 Osborne Road 114 OSBORNE ROAD E7 0PL 4 Bed House Fair Rent 125.85 £ 61,940 £ 143,420 £ 250,000
ODE128001 Osborne Road FLAT A 128 OSBORNE ROAD E7 0PL 1 Bed Flat Fair Rent 73.10 £ 35,980 £ 98,720 £ 150,000
ODE128002 Osborne Road FLAT B 128 OSBORNE ROAD E7 0PL 2 Bed Flat Fair Rent 80.97 £ 39,850 £ 105,300 £ 160,000
ODE138001 Osborne Road FLAT A 138 OSBORNE ROAD E7 0PN 1 Bed Flat Assured 81.96 £ 40,340 £ 98,720 £ 150,000
ODE138002 Osborne Road FLAT B 138 OSBORNE ROAD E7 0PN 2 Bed Flat Fair Rent 72.64 £ 35,760 £ 105,300 £ 160,000
ODE148001 Osborne Road FLAT A 148 OSBORNE ROAD E7 0PN 1 Bed Flat Assured 81.96 £ 40,340 £ 98,720 £ 150,000
ODE148002 Osborne Road FLAT B 148 OSBORNE ROAD E7 0PN 2 Bed Flat Fair Rent 72.64 £ 35,760 £ 105,300 £ 160,000
ODE162001 Osborne Road FLAT A 162 OSBORNE ROAD E7 0PN 1 Bed Flat Fair Rent 73.10 £ 35,980 £ 98,720 £ 150,000
ODE162002 Osborne Road FLAT B 162 OSBORNE ROAD E7 0PN 2 Bed Flat Assured 95.19 £ 46,850 £ 107,750 £ 165,000
ODE200001 Osborne Road FLAT A 200 OSBORNE ROAD E7 0PR 1 Bed Flat Assured 81.96 £ 40,340 £ 98,720 £ 150,000
ODE200002 Osborne Road FLAT B 200 OSBORNE ROAD E7 0PR 2 Bed Flat Assured 87.92 £ 43,270 £ 107,750 £ 165,000
ODE075002 Osborne Road FLAT B 75 OSBORNE ROAD E7 0PW 3 Bed Flat Assured 104.68 £ 51,520 £ 118,370 £ 185,000
ODE075001 Osborne Road FLAT A 75a OSBORNE ROAD E7 0PW 1 Bed Flat Assured 76.83 £ 37,820 £ 98,720 £ 150,000
RHE389000 Romford Road 389 ROMFORD ROAD E7 8AB 3 Bed House Fair Rent 93.17 £ 48,650 £ 145,100 £ 240,000
RHE454000 Romford Road 454A ROMFORD ROAD E7 8AP 4 Bed House Assured Protected 132.14 £ 68,980 £ 161,830 £ 280,000
RHE468001 Romford Road FLAT A 468 ROMFORD ROAD E7 8AP 2 Bed Flat Assured 89.42 £ 46,690 £ 106,900 £ 150,000
RHE468002 Romford Road FLAT B 468 ROMFORD ROAD E7 8AP 2 Bed Flat Fair Rent 80.70 £ 42,140 £ 109,900 £ 155,000
SOA069000 Various E EC IG RM 69 SOUTH ESK ROAD E7 8EZ 2 Bed House Fair Rent 96.99 £ 53,030 £ 137,880 £ 210,000
7010380001 Various E EC IG RM 38 BRISTOL ROAD E7 8HF 2 Bed House Starter Tenancy 96.99 £ 53,030 £ 137,880 £ 210,000
KIH063000 Various E EC IG RM 63 KITCHENER ROAD E7 8JN 3 Bed House Assured 119.77 £ 65,480 £ 173,130 £ 240,000
OAY185000 Various E EC IG RM 185 ODESSA ROAD E7 9DX 3 Bed House Fair Rent 63.89 £ 34,930 £ 168,200 £ 237,500
OAY201000 Various E EC IG RM 201 ODESSA ROAD E7 9DX 3 Bed House Fair Rent 92.99 £ 50,840 £ 173,130 £ 240,000
RBE021000 Ramsay Road 21 RAMSAY ROAD E7 9EN 3 Bed House Fair Rent 99.03 £ 47,940 £ 139,990 £ 235,000
RBE023000 Ramsay Road 23 RAMSAY ROAD E7 9EN 3 Bed House Assured 116.66 £ 56,480 £ 139,990 £ 235,000
RBE027000 Ramsay Road 27 RAMSAY ROAD E7 9EN 3 Bed House Assured 109.94 £ 53,220 £ 146,840 £ 250,000
RBE035000 Ramsay Road 35 RAMSAY ROAD E7 9EN 3 Bed House Assured 119.83 £ 58,010 £ 146,840 £ 250,000
RBE145000 Ramsay Road 145 RAMSAY ROAD E7 9EP 3 Bed House Fair Rent 102.08 £ 49,420 £ 139,990 £ 235,000
RBE153000 Ramsay Road 153 RAMSAY ROAD E7 9EP 3 Bed House Fair Rent 96.78 £ 46,850 £ 136,120 £ 225,000
RBE120000 Ramsay Road 120 RAMSAY ROAD E7 9ER 3 Bed House Fair Rent 97.03 £ 46,970 £ 139,990 £ 235,000
RBE122000 Ramsay Road 122 RAMSAY ROAD E7 9ER 3 Bed House Fair Rent 112.60 £ 54,510 £ 139,990 £ 235,000
RBE197000 Ramsay Road 197 RAMSAY ROAD E7 9ES 2 Bed House Assured 104.14 £ 50,420 £ 124,570 £ 200,000
RBE233001 Ramsay Road FLAT A 233 RAMSAY ROAD E7 9ES 1 Bed Flat Fair Rent 74.75 £ 36,200 £ 100,510 £ 140,000
RBE233002 Ramsay Road FLAT B 233 RAMSAY ROAD E7 9ES 2 Bed Flat Assured 91.19 £ 44,150 £ 112,480 £ 165,000
RBE235000 Ramsay Road 235 RAMSAY ROAD E7 9ES 3 Bed House Fair Rent 106.32 £ 51,470 £ 146,840 £ 250,000
RBE244001 Ramsay Road FLAT A 244 RAMSAY ROAD E7 9ET 1 Bed Flat Assured 78.49 £ 38,000 £ 100,520 £ 140,000
RBE244002 Ramsay Road FLAT B 244 RAMSAY ROAD E7 9ET 2 Bed Flat Starter Tenancy 85.16 £ 41,230 £ 109,930 £ 160,000
RBE030000 Ramsay Road 30 RAMSAY ROAD E7 9EW 3 Bed House Fair Rent 103.91 £ 50,300 £ 139,990 £ 235,000
RBE259000 Ramsay Road 259 RAMSAY ROAD E7 9EX 2 Bed House Fair Rent 95.91 £ 46,430 £ 120,700 £ 190,000
RBE254001 Ramsay Road FLAT A 254 RAMSAY ROAD E7 9EY 1 Bed Flat Fair Rent 74.75 £ 36,190 £ 100,520 £ 140,000
RBE254002 Ramsay Road FLAT B 254 RAMSAY ROAD E7 9EY 1 Bed Flat Assured 79.98 £ 38,720 £ 100,520 £ 140,000
RBE256000 Ramsay Road 256 RAMSAY ROAD E7 9EY 3 Bed House Fair Rent 102.07 £ 49,410 £ 146,840 £ 250,000
RBE270000 Ramsay Road 270 RAMSAY ROAD E7 9EY 3 Bed House Fair Rent 99.03 £ 47,940 £ 139,990 £ 235,000
RBE272000 Ramsay Road 272 RAMSAY ROAD E7 9EY 3 Bed House Assured 115.97 £ 56,140 £ 146,840 £ 250,000
RHE265001 Romford Road FLAT A 265 ROMFORD ROAD E7 9HJ 2 Bed Flat Assured 89.55 £ 46,760 £ 106,900 £ 150,000
RHE265002 Romford Road FLAT B 265 ROMFORD ROAD E7 9HJ 2 Bed Flat Assured 91.19 £ 47,610 £ 106,900 £ 150,000
RHE265003 Romford Road FLAT C 265 ROMFORD ROAD E7 9HJ 1 Bed Flat Assured 65.44 £ 34,170 £ 97,470 £ 130,000
MDO012001 Various E EC IG RM FLAT A 12 MARGERY PARK ROAD E7 9JY 3 Bed Flat Fair Rent 87.16 £ 47,660 £ 173,130 £ 240,000
MDO012002 Various E EC IG RM FLAT B 12 MARGERY PARK ROAD E7 9JY 2 Bed Flat Starter Tenancy 95.37 £ 52,140 £ 94,390 £ 135,000
MDO005001 Various E EC IG RM FLAT A 5 MARGERY PARK ROAD E7 9LA 3 Bed Flat Assured 105.81 £ 57,850 £ 168,200 £ 237,500
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 11 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
MDO005002 Various E EC IG RM FLAT B 5 MARGERY PARK ROAD E7 9LA 1 Bed Flat Fair Rent 65.60 £ 35,870 £ 84,380 £ 120,000
6840640001 Various E EC IG RM 64 STUDLEY ROAD E7 9LX 3 Bed House Assured 110.50 £ 60,420 £ 173,130 £ 240,000
CIE008000 Various E EC IG RM 8 CHAUCER ROAD E7 9NB 3 Bed House Assured 116.93 £ 63,930 £ 178,070 £ 242,500
UPT016000 Various E EC IG RM 16 UPTON AVENUE E7 9PN 3 Bed House Fair Rent 104.34 £ 57,050 £ 173,130 £ 240,000
UCE325000 Various E EC IG RM 325 UPTON LANE E7 9PT 3 Bed House Assured 120.09 £ 65,660 £ 178,070 £ 242,500
2270510000 Various E EC IG RM 51 CECILIA ROAD E8 2ER 3 Bed House Assured 134.27 £ 73,410 £ 221,780 £ 375,000
1153064000 Various E EC IG RM FLAT 64A, DOWNS PARK ROAD E8 2HY 3 Bed House Assured 135.13 £ 73,880 £ 226,720 £ 377,500
7730520015 Lamb Lane 52A LAMB LANE E8 3PJ 4 Bed House Assured 143.52 £ 83,540 £ 235,430 £ 340,000
7730520025 Lamb Lane 52B LAMB LANE E8 3PJ 4 Bed House Assured 143.52 £ 83,540 £ 235,430 £ 340,000
773054001A Lamb Lane FLAT 1, 54 LAMB LANE E8 3PJ 2 Bed Flat Assured 115.21 £ 67,070 £ 158,060 £ 255,000
773054002A Lamb Lane FLAT 2, 54 LAMB LANE E8 3PJ 2 Bed Flat Assured Short Term 81.46 £ 47,460 £ 158,060 £ 255,000
773054003A Lamb Lane FLAT 3, 54 LAMB LANE E8 3PJ 2 Bed Flat Assured 114.26 £ 66,520 £ 158,060 £ 255,000
773054004A Lamb Lane FLAT 4, 54 LAMB LANE E8 3PJ 2 Bed Flat Assured 98.29 £ 57,220 £ 158,060 £ 255,000
773054005A Lamb Lane FLAT 5, 54 LAMB LANE E8 3PJ 1 Bed Flat Assured 94.83 £ 55,210 £ 138,450 £ 230,000
773054006A Lamb Lane FLAT 6, 54 LAMB LANE E8 3PJ 1 Bed Flat Starter Tenancy 84.93 £ 49,440 £ 138,450 £ 230,000
1187011000 Various E EC IG RM 11 EVANS CLOSE E8 3TD 3 Bed House Assured 125.85 £ 68,810 £ 288,750 £ 495,000
251980011 Various E EC IG RM FLAT A, 198 QUEENSBRIDGE ROAD E8 4QE 1 Bed Flat Assured 97.93 £ 53,540 £ 161,230 £ 245,000
251980021 Various E EC IG RM FLAT B, 198 QUEENSBRIDGE ROAD E8 4QE 1 Bed Flat Assured 96.87 £ 52,960 £ 161,230 £ 245,000
7320080008 Various E EC IG RM 8 LEE CONSERVANCY ROAD E9 5HW 4 Bed House Assured 139.32 £ 76,170 £ 226,760 £ 340,000
1190003000 Various E EC IG RM 3 KEMEYS STREET E9 5RQ 4 Bed House Assured 96.84 £ 52,950 £ 235,020 £ 347,500
2751170000 Various E EC IG RM 117 HASSETT ROAD E9 5SL 3 Bed House Assured 136.55 £ 74,660 £ 187,630 £ 265,000
2750085000 Various E EC IG RM 85 HASSETT ROAD E9 5SL 3 Bed House Assured 132.44 £ 72,410 £ 187,630 £ 265,000
CU1004000 Various E EC IG RM 4 CONISTON WALK E9 6EP 3 Bed HouseShort Term Assured
Tenancy 82.97 £ 45,360 £ 213,950 £ 360,000
1027014000 Various E EC IG RM 14 DALEY STREET E9 6HP 5 Bed HouseShort Term Assured
Tenancy 142.35 £ 77,830 £ 240,060 £ 397,500
1027016000 Various E EC IG RM 16 DALEY STREET E9 6HP 5 Bed House Assured 142.52 £ 77,920 £ 240,060 £ 397,500
DST000008 Various E EC IG RM 8 DALEY STREET E9 6HP 4 Bed HouseShort Term Assured
Tenancy 96.54 £ 52,780 £ 227,300 £ 380,000
530230001 Ainsworth Road 23A AINSWORTH ROAD E9 7JE 4 Bed House Assured 134.65 £ 78,070 £ 196,770 £ 320,000
530230002 Ainsworth Road 23B AINSWORTH ROAD E9 7JE 4 Bed House Assured 134.65 £ 78,070 £ 196,770 £ 320,000
530230003 Ainsworth Road 23C AINSWORTH ROAD E9 7JE 5 Bed House Assured 141.27 £ 81,900 £ 212,120 £ 350,000
530230004 Ainsworth Road 23D AINSWORTH ROAD E9 7JE 5 Bed House Assured 158.53 £ 91,890 £ 212,120 £ 350,000
530230005 Ainsworth Road 23E AINSWORTH ROAD E9 7JE 5 Bed House Starter Tenancy 133.31 £ 77,290 £ 212,120 £ 350,000
530250001 Ainsworth Road FLAT 1, 25 AINSWORTH ROAD E9 7JE 2 Bed Flat Assured 112.52 £ 65,240 £ 137,520 £ 200,000
530250002 Ainsworth Road FLAT 2, 25 AINSWORTH ROAD E9 7JE 3 Bed Flat Assured 112.52 £ 65,240 £ 151,840 £ 235,000
530250003 Ainsworth Road FLAT 3, 25 AINSWORTH ROAD E9 7JE 2 Bed Flat Assured 112.52 £ 65,240 £ 137,520 £ 200,000
530270000 Ainsworth Road 27 AINSWORTH ROAD E9 7JE 2 Bed House Assured 107.04 £ 62,060 £ 168,220 £ 260,000
1005022000 Various E EC IG RM 22 KINGSHOLD ROAD E9 7JF 3 Bed House Assured 118.00 £ 64,520 £ 282,420 £ 430,000
4020030022 Various E EC IG RM FLAT 2, 3 RIVER STREET EC1R 1XN 2 Bed Maisonette Assured 126.17 £ 68,980 £ 254,730 £ 387,500
4020030012 Various E EC IG RM FLAT A, 3 RIVER STREET EC1R 1XN 2 Bed Maisonette Assured 119.61 £ 65,400 £ 254,730 £ 387,500
3540110009 Various E EC IG RM 11 WYNYATT STREET EC1V 7HU 2 Bed House Assured 129.57 £ 70,840 £ 262,420 £ 400,000
298018001A Various E EC IG RM 18 HERMIT STREET EC1V 7NR 2 Bed House Assured 125.48 £ 68,610 £ 263,570 £ 405,000
BCU005000 Various E EN 5 BANTON CLOSE EN1 3QH 3 Bed House Assured 126.68 £ 71,110 £ 161,120 £ 232,500
SUD009000 Various E EN 9 STONELEIGH AVENUE EN1 4HZ 3 Bed House Assured 125.98 £ 70,720 £ 161,120 £ 232,500
HLN317000 Various E EN 317 HOE LANE EN1 4JJ 3 Bed House Assured 123.96 £ 69,590 £ 161,120 £ 232,500
RSG007000 Various E EN 7 ROSSINGTON CLOSE EN1 4LN 3 Bed House Assured 131.65 £ 73,900 £ 153,990 £ 230,000
MYG016000 Various E EN 16 MEYER GREEN EN1 4NG 3 Bed House Assured 131.65 £ 73,900 £ 161,120 £ 232,500
ERE197000 Various E EN 197 ELSINGE ROAD EN1 4NZ 3 Bed House Assured 131.65 £ 73,900 £ 161,120 £ 232,500
LRE006000 Various E EN 6 LACKMORE ROAD EN1 4PB 3 Bed House Assured 131.65 £ 73,900 £ 161,120 £ 232,500
ELS035000 Various E EN 35 ELSINGE ROAD EN1 4PG 3 Bed House Assured 125.98 £ 70,720 £ 161,120 £ 232,500
DRG102000 Dendridge Close 102 DENDRIDGE CLOSE EN1 4PL 3 Bed House Assured 128.08 £ 73,180 £ 142,000 £ 205,000
DRG113000 Dendridge Close 113 DENDRIDGE CLOSE EN1 4PL 3 Bed House Assured 131.65 £ 75,230 £ 142,000 £ 205,000
DEZ006200 Dendridge Close 62 DENDRIDGE CLOSE EN1 4PL 3 Bed House Assured 130.16 £ 74,370 £ 142,000 £ 205,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 12 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
DRG058000 Dendridge Close 58 DENDRIDGE CLOSE EN1 4PN 3 Bed House Assured 131.65 £ 75,230 £ 142,000 £ 205,000
DEN006300 Dendridge Close 63 DENDRIDGE CLOSE EN1 4PN 3 Bed House Assured 125.98 £ 71,990 £ 142,000 £ 205,000
AUC059000 Various E EN 59 AUCKLAND CLOSE EN1 4PR 3 Bed House Assured 131.65 £ 73,900 £ 161,120 £ 232,500
OCZ004900 Various E EN 49 AUCKLAND CLOSE EN1 4PR 3 Bed House Assured 129.81 £ 72,870 £ 161,120 £ 232,500
COK032000 Various E EN 32 COCKER ROAD EN1 4QH 3 Bed House Assured 131.65 £ 73,900 £ 161,120 £ 232,500
CWO001400 Various E EN 14 CHARNWOOD ROAD EN1 4QP 3 Bed House Assured 130.16 £ 73,070 £ 161,120 £ 232,500
KEB115000 Kempe and Capel 115 KEMPE ROAD EN1 4QW 3 Bed House Assured 131.65 £ 79,580 £ 155,000 £ 230,000
KEB026000 Kempe and Capel 26 KEMPE ROAD EN1 4QW 3 Bed House Assured Short Term 131.65 £ 79,580 £ 155,000 £ 230,000
KEB007000 Kempe and Capel 7 KEMPE ROAD EN1 4QW 3 Bed House Assured 131.65 £ 79,580 £ 155,000 £ 230,000
KEB103000 Kempe and Capel 103 KEMPE ROAD EN1 4QX 3 Bed House Assured 128.08 £ 77,430 £ 155,000 £ 230,000
KEB110000 Kempe and Capel 110 KEMPE ROAD EN1 4RB 3 Bed House Assured 131.65 £ 79,580 £ 155,000 £ 230,000
KEM011200 Kempe and Capel 112 KEMPE ROAD EN1 4RB 3 Bed House Assured 125.98 £ 76,160 £ 155,000 £ 230,000
KEB118000 Kempe and Capel 118 KEMPE ROAD EN1 4RB 3 Bed House Assured 128.08 £ 77,430 £ 155,000 £ 230,000
KEB121000 Kempe and Capel 121 KEMPE ROAD EN1 4RB 3 Bed House Assured 128.08 £ 77,430 £ 155,000 £ 230,000
KEB126000 Kempe and Capel 126 KEMPE ROAD EN1 4RD 3 Bed House Assured Protected 130.16 £ 78,680 £ 155,000 £ 230,000
LVL011000 Various E EN 11 LOVELL ROAD EN1 4RE 3 Bed House Assured 131.65 £ 73,900 £ 161,120 £ 232,500
MMZ003900 Various E EN 39 MARRYAT ROAD EN1 4RF 3 Bed House Assured 130.16 £ 73,070 £ 161,120 £ 232,500
MRR053000 Various E EN 53 MARRYAT ROAD EN1 4RF 3 Bed House Assured 131.65 £ 73,900 £ 161,120 £ 232,500
MYZ025000 Various E EN 25 MARRYAT ROAD EN1 4RF 3 Bed House Assured 131.65 £ 73,900 £ 161,120 £ 232,500
CCO010000 Kempe and Capel 10 CAPEL ROAD EN1 4SP 3 Bed House Assured 130.16 £ 78,680 £ 155,000 £ 230,000
CCO036000 Kempe and Capel 36 CAPEL ROAD EN1 4SP 3 Bed House Assured 131.65 £ 79,580 £ 155,000 £ 230,000
CCO064000 Kempe and Capel 64 CAPEL ROAD EN1 4SR 3 Bed House Assured 125.98 £ 76,160 £ 155,000 £ 230,000
CCO074000 Kempe and Capel 74 CAPEL ROAD EN1 4SS 3 Bed House Assured 131.65 £ 79,580 £ 155,000 £ 230,000
CCO079000 Kempe and Capel 79 CAPEL ROAD EN1 4SS 3 Bed House Assured 130.16 £ 78,680 £ 155,000 £ 230,000
KEB122000 Kempe and Capel 122 KEMPE ROAD EN2 4RB 3 Bed House Assured 135.43 £ 81,870 £ 155,000 £ 230,000
RSH014000 Various E EN 14 RUSHEY HILL EN2 7RN 3 Bed House Assured 131.65 £ 73,900 £ 161,120 £ 232,500
HLH164000 Various E EN 164 HOLTWHITES HILL EN2 8BT 3 Bed House Assured 128.08 £ 71,900 £ 168,640 £ 245,000
HIA388000 Various E EN 388 HIGH STREET EN3 4DG 3 Bed House Assured 122.28 £ 68,640 £ 157,930 £ 220,000
HIA345000 Various E EN 345 HIGH STREET EN3 4DH 2 Bed House Assured 111.85 £ 62,790 £ 157,930 £ 220,000
NGL001000 Anglers Terrace 1 ANGLERS TERRACE NAPIER ROAD EN3 4FH 5 Bed House Starter Tenancy 144.87 £ 95,900 £ 197,000 £ 295,000
NGL002000 Anglers Terrace 2 ANGLERS TERRACE NAPIER ROAD EN3 4FH 4 Bed House Starter Tenancy 135.41 £ 89,640 £ 177,200 £ 265,000
NGL003000 Anglers Terrace 3 ANGLERS TERRACE NAPIER ROAD EN3 4FH 4 Bed House Starter Tenancy 135.41 £ 89,640 £ 177,200 £ 265,000
NGL004000 Anglers Terrace 4 ANGLERS TERRACE NAPIER ROAD EN3 4FH 4 Bed House Starter Tenancy 135.41 £ 89,640 £ 177,200 £ 265,000
NGL005000 Anglers Terrace 5 ANGLERS TERRACE NAPIER ROAD EN3 4FH 4 Bed House Starter Tenancy 135.41 £ 89,640 £ 177,200 £ 265,000
NGL006000 Anglers Terrace 6 ANGLERS TERRACE NAPIER ROAD EN3 4FH 4 Bed House Starter Tenancy 135.41 £ 89,640 £ 177,200 £ 265,000
NGL007000 Anglers Terrace 7 ANGLERS TERRACE NAPIER ROAD EN3 4FH 5 Bed House Starter Tenancy 144.87 £ 95,900 £ 197,000 £ 295,000
SOW408000 Various E EN 408 SOUTHBURY ROAD EN3 4JN 3 Bed House Assured 119.23 £ 66,930 £ 168,640 £ 245,000
AIS006000 Various E EN 6 ASHDOWN ROAD EN3 5AA 3 Bed House Assured 127.18 £ 71,390 £ 156,790 £ 232,500
TAL005000 Various E EN 5 THE LINK EN3 5HU 3 Bed House Assured 129.30 £ 72,580 £ 161,760 £ 235,000
THL009000 Various E EN 9 THE LINK EN3 5HU 3 Bed House Assured 128.84 £ 72,330 £ 156,790 £ 232,500
THL032000 Various E EN 32 THE LINK EN3 5HU 3 Bed House Assured 130.37 £ 73,180 £ 161,760 £ 235,000
RGP023000 Various E EN 23 ROEDEAN AVENUE EN3 5QJ 3 Bed House Assured 131.65 £ 73,900 £ 161,760 £ 235,000
MDD029000 Various E EN 29 MANLY DIXON DRIVE EN3 6BQ 2 Bed House Assured 117.39 £ 65,900 £ 145,830 £ 215,000
STB013000 Various E EN 13 STANDARD ROAD EN3 6DR 2 Bed House Assured 116.31 £ 65,290 £ 145,830 £ 215,000
STB017000 Various E EN 17 STANDARD ROAD EN3 6DR 3 Bed House Assured 127.18 £ 71,390 £ 153,990 £ 230,000
RAM018000 Various E EN 18 RAMNEY DRIVE EN3 6DU 3 Bed House Assured 125.19 £ 70,280 £ 161,120 £ 232,500
RYD003700 Various E EN 37 RAMNEY DRIVE EN3 6DU 3 Bed House Assured 129.81 £ 72,870 £ 161,120 £ 232,500
RYN001100 Various E EN 11 RAMNEY DRIVE EN3 6DU 3 Bed House Assured 127.61 £ 71,640 £ 161,120 £ 232,500
ODF371000 Various E EN 371 ORDNANCE ROAD EN3 6HF 3 Bed House Assured 127.18 £ 71,390 £ 161,120 £ 232,500
ODF377000 Various E EN 377 ORDNANCE ROAD EN3 6HF 3 Bed House Assured 128.49 £ 72,130 £ 161,120 £ 232,500
GBR008300 Various E EN 83 GILBERT STREET EN3 6PF 4 Bed House Assured 142.38 £ 79,930 £ 176,620 £ 252,500
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 13 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
GBR081000 Various E EN 81 GILBERT STREET EN3 6PF 4 Bed House Assured 142.67 £ 80,090 £ 176,620 £ 252,500
WLN001600 Various E EN 16 WALTHAM GARDENS EN3 6PG 4 Bed House Assured 128.75 £ 72,280 £ 176,620 £ 252,500
WLN018000 Various E EN 18 WALTHAM GARDENS EN3 6PG 5 Bed House Assured 149.70 £ 84,040 £ 190,180 £ 270,000
WLN024000 Various E EN 24 WALTHAM GARDENS EN3 6PG 3 Bed House Assured 131.65 £ 73,900 £ 161,120 £ 232,500
ASP011000 Aspen Way 11 ASPEN WAY EN3 6QR 3 Bed House Assured 128.87 £ 74,690 £ 152,500 £ 232,500
ASP015000 Aspen Way 15 ASPEN WAY EN3 6QR 3 Bed House Assured 125.33 £ 72,640 £ 152,500 £ 232,500
ASP000200 Aspen Way 2 ASPEN WAY EN3 6QR 3 Bed House Assured 127.61 £ 73,960 £ 152,500 £ 232,500
ASP003000 Aspen Way 3 ASPEN WAY EN3 6QR 3 Bed House Assured 125.19 £ 72,550 £ 152,500 £ 232,500
ASP007000 Aspen Way 7 ASPEN WAY EN3 6QR 3 Bed House Assured 129.18 £ 74,870 £ 152,500 £ 232,500
ASP009000 Aspen Way 9 ASPEN WAY EN3 6QR 3 Bed House Assured 131.65 £ 76,290 £ 152,500 £ 232,500
HAW001500 Various E EN 15 HAWKSMEAD CLOSE EN3 6QS 3 Bed House Assured 117.98 £ 66,230 £ 161,120 £ 232,500
PTC007000 Various E EN 7 PRITCHET CLOSE EN3 6XH 3 Bed House Assured 131.65 £ 73,900 £ 161,120 £ 232,500
NAG181000 Various E EN 181 NAGS HEAD ROAD EN3 7AD 3 Bed House Assured 129.30 £ 72,580 £ 169,540 £ 240,000
NAG245000 Various E EN 245 NAGS HEAD ROAD EN3 7AE 3 Bed House Assured 128.99 £ 72,410 £ 169,540 £ 240,000
NAG200000 Various E EN 200 NAGS HEAD ROAD EN3 7AS 2 Bed House Assured 110.96 £ 62,290 £ 155,770 £ 220,000
BRL054000 Various E EN 54 BURSLAND ROAD EN3 7EX 3 Bed House Assured 131.65 £ 73,900 £ 169,540 £ 240,000
BUB052000 Various E EN 52 BURNCROFT AVENUE EN3 7JH 3 Bed House Assured 131.65 £ 73,900 £ 169,540 £ 240,000
HTS008000 Various E EN 8 HUNTS MEAD EN3 7LU 3 Bed HouseShort Term Assured
Tenancy 133.75 £ 75,080 £ 169,540 £ 240,000
KDE040000 Various CM CO GU ME RG SL SS 40 KINGS ROAD GU11 3PQ 3 Bed House Assured 118.63 £ 62,840 £ 121,240 £ 190,000
SGU440000 Various CM CO GU ME RG SL SS 440 SELBOURNE AVENUE GU11 3RH 3 Bed House Assured 114.63 £ 60,720 £ 118,400 £ 187,500
STC425000 Various CM CO GU ME RG SL SS 425 STOCKBRIDGE DRIVE GU11 3RT 3 Bed House Assured 114.63 £ 60,720 £ 121,240 £ 190,000
LYA220000 Various CM CO GU ME RG SL SS 220 LYNDHURST AVENUE GU11 3RW 2 Bed House Assured 101.90 £ 53,980 £ 105,770 £ 172,500
WHF067000 Various CM CO GU ME RG SL SS 67 WHYTE AVENUE GU12 4AF 2 Bed House Assured 102.26 £ 54,170 £ 105,770 £ 172,500
SAM051000 Various CM CO GU ME RG SL SS 51 SALTRAM ROAD GU14 7DX 4 Bed House Assured 139.52 £ 73,910 £ 162,620 £ 240,000
SAM053000 Various CM CO GU ME RG SL SS 53 SALTRAM ROAD GU14 7DX 4 Bed House Assured 138.68 £ 73,460 £ 167,850 £ 245,000
PIU021000 Various CM CO GU ME RG SL SS 21 PINEHURST COTTAGES GU14 7LJ 2 Bed House Assured 102.96 £ 54,540 £ 130,130 £ 207,500
PEB013000 Peach Tree Close 13 PEACH TREE CLOSE GU14 8UU 2 Bed House Assured 100.18 £ 52,340 £ 102,780 £ 155,000
PEB014000 Peach Tree Close 14 PEACH TREE CLOSE GU14 8UU 2 Bed House Assured 104.70 £ 54,710 £ 102,780 £ 155,000
PEB015000 Peach Tree Close 15 PEACH TREE CLOSE GU14 8UU 2 Bed House Assured 106.04 £ 55,410 £ 102,780 £ 155,000
PEB016000 Peach Tree Close 16 PEACH TREE CLOSE GU14 8UU 2 Bed House Assured 106.04 £ 55,410 £ 102,780 £ 155,000
PEB017000 Peach Tree Close 17 PEACH TREE CLOSE GU14 8UU 3 Bed House Assured 132.55 £ 69,250 £ 117,030 £ 175,000
PEB018000 Peach Tree Close 18 PEACH TREE CLOSE GU14 8UU 3 Bed House Assured 132.55 £ 69,260 £ 117,030 £ 175,000
PEB019000 Peach Tree Close 19 PEACH TREE CLOSE GU14 8UU 3 Bed House Assured 127.37 £ 66,550 £ 117,030 £ 175,000
PEB020000 Peach Tree Close 20 PEACH TREE CLOSE GU14 8UU 3 Bed House Assured 132.13 £ 69,040 £ 117,030 £ 175,000
PEB021000 Peach Tree Close 21 PEACH TREE CLOSE GU14 8UU 3 Bed House Assured 131.70 £ 68,810 £ 117,040 £ 175,000
PEB022000 Peach Tree Close 22 PEACH TREE CLOSE GU14 8UU 3 Bed House Assured 132.55 £ 69,260 £ 117,040 £ 175,000
PEB023000 Peach Tree Close 23 PEACH TREE CLOSE GU14 8UU 2 Bed House Assured 105.12 £ 54,930 £ 102,780 £ 155,000
PEB024000 Peach Tree Close 24 PEACH TREE CLOSE GU14 8UU 2 Bed House Assured 101.92 £ 53,250 £ 102,780 £ 155,000
PEB025000 Peach Tree Close 25 PEACH TREE CLOSE GU14 8UU 2 Bed House Assured 105.12 £ 54,930 £ 102,780 £ 155,000
PEB026000 Peach Tree Close 26 PEACH TREE CLOSE GU14 8UU 2 Bed House Assured 101.92 £ 53,250 £ 102,780 £ 155,000
PEB027000 Peach Tree Close 27 PEACH TREE CLOSE GU14 8UU 2 Bed House Assured 105.12 £ 54,930 £ 102,780 £ 155,000
PEB028000 Peach Tree Close 28 PEACH TREE CLOSE GU14 8UU 2 Bed House Assured 102.71 £ 53,670 £ 102,780 £ 155,000
PIA251000 Various CM CO GU ME RG SL SS 251 PINEWOOD PARK GU14 9JS 4 Bed House Assured 139.79 £ 74,040 £ 135,150 £ 210,000
PIA222000 Various CM CO GU ME RG SL SS 222 PINEWOOD PARK GU14 9LG 3 Bed House Assured 131.26 £ 69,530 £ 119,040 £ 190,000
TAA011000 Various CM CO GU ME RG SL SS 11 TAY CLOSE GU14 9NB 4 Bed House Assured 139.52 £ 73,910 £ 135,150 £ 210,000
OAC041000 Various CM CO GU ME RG SL SS 41 OAKFIELD GU21 3QS 2 Bed House Assured 117.00 £ 61,980 £ 135,150 £ 210,000
HFW009000 Various CM CO GU ME RG SL SS 9 HAWKSWELL WALK GU21 3RR 1 Bed House Assured 92.11 £ 48,790 £ 100,830 £ 155,000
BGB110000 Various HA NW UB W WC 110 BRIDGEWATER ROAD HA0 1AP 3 Bed House Assured 131.65 £ 73,990 £ 224,060 £ 330,000
HAO007000 Various HA NW UB W WC 7 LONGLEY AVENUE HA0 1NG 3 Bed House Assured 131.65 £ 73,990 £ 224,060 £ 330,000
BAQ004000 Various E EC IG RM 4 BANKSIDE ROAD IG1 2NX 3 Bed House Assured 125.56 £ 68,650 £ 162,380 £ 250,000
PIB012000 Pittman Gardens 12 PITTMAN GARDENS IG1 2QB 3 Bed House Assured 123.94 £ 60,110 £ 146,510 £ 235,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 14 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
PIB013000 Pittman Gardens 13 PITTMAN GARDENS IG1 2QB 2 Bed House Assured 111.34 £ 54,000 £ 127,590 £ 205,000
PIB023000 Pittman Gardens 23 PITTMAN GARDENS IG1 2QB 2 Bed House Assured 106.23 £ 51,520 £ 127,590 £ 205,000
PIB031000 Pittman Gardens 31 PITTMAN GARDENS IG1 2QB 2 Bed House Assured Protected 111.34 £ 54,000 £ 127,590 £ 205,000
PIB032000 Pittman Gardens 32 PITTMAN GARDENS IG1 2QB 2 Bed House Assured 110.99 £ 53,830 £ 127,590 £ 205,000
PIB042000 Pittman Gardens 42 PITTMAN GARDENS IG1 2QB 2 Bed House Assured 107.12 £ 51,950 £ 127,590 £ 205,000
PIB048000 Pittman Gardens 48 PITTMAN GARDENS IG1 2QB 2 Bed House Assured 108.55 £ 52,650 £ 127,590 £ 205,000
PIB005000 Pittman Gardens 5 PITTMAN GARDENS IG1 2QB 2 Bed House Assured 105.00 £ 50,930 £ 127,590 £ 205,000
PIB054000 Pittman Gardens 54 PITTMAN GARDENS IG1 2QB 2 Bed House Assured 109.96 £ 53,330 £ 127,590 £ 205,000
PIB100000 Pittman Gardens 100 PITTMAN GARDENS IG1 2QD 2 Bed House Assured 111.44 £ 54,050 £ 127,590 £ 205,000
PIB102000 Pittman Gardens 102 PITTMAN GARDENS IG1 2QD 2 Bed House Assured 110.99 £ 53,830 £ 127,590 £ 205,000
PIB106000 Pittman Gardens 106 PITTMAN GARDENS IG1 2QD 2 Bed House Assured 102.65 £ 49,800 £ 127,590 £ 205,000
BQZ000400 Various E EC IG RM 4 BUTTSBURY ROAD IG1 2SE 3 Bed House Assured 126.05 £ 68,920 £ 162,380 £ 250,000
BTR000600 Various E EC IG RM 6 BUTTSBURY ROAD IG1 2SE 3 Bed House Protected Assured 124.23 £ 67,920 £ 162,380 £ 250,000
EXP000700 Various E EC IG RM 7 EXPRESS DRIVE IG3 9QD 3 Bed House Assured 127.83 £ 69,890 £ 170,330 £ 275,000
NWC024000 Various E EC IG RM 24 NEWCASTLE AVENUE IG6 3EE 3 Bed House Secured Tenancy 127.16 £ 69,530 £ 149,310 £ 250,000
YEL027000 Various E EC IG RM 27 YELLOWPINE WAY IG7 4BA 3 Bed House Assured 120.09 £ 65,660 £ 137,570 £ 220,000
TIN009000 Various E EC IG RM 9 TINE ROAD IG7 4HP 3 Bed House Assured 121.23 £ 66,280 £ 138,150 £ 230,000
TIN035000 Various E EC IG RM 35 TINE ROAD IG7 4HW 2 Bed House Assured 106.74 £ 58,360 £ 129,160 £ 210,000
TIN071000 Various E EC IG RM 71 TINE ROAD IG7 4HW 3 Bed House Assured 121.23 £ 66,280 £ 138,150 £ 230,000
TIN091000 Various E EC IG RM 91 TINE ROAD IG7 4HW 2 Bed House Assured 107.87 £ 58,980 £ 129,160 £ 210,000
ATZ089000 Various E EC IG RM 89 ARMSTRONG AVENUE IG8 9PU 3 Bed House Protected Assured 131.65 £ 71,980 £ 175,440 £ 250,000
WHEA00301 Frances House FLAT 1 FRANCES HOUSE KT1 2QR 1 Bed Flat Starter Tenancy 80.47 £ 41,530 £ 110,000 £ 180,000
WHEA00302 Frances House FLAT 2 FRANCES HOUSE KT1 2QR 1 Bed Flat Assured 84.49 £ 43,600 £ 110,000 £ 180,000
WHEA00303 Frances House FLAT 3 FRANCES HOUSE KT1 2QR 1 Bed Flat Assured Short Term 86.24 £ 44,500 £ 110,000 £ 180,000
WHEA00304 Frances House FLAT 4 FRANCES HOUSE KT1 2QR 1 Bed Flat Assured 84.49 £ 43,600 £ 110,000 £ 180,000
WHEA00305 Frances House FLAT 5 FRANCES HOUSE KT1 2QR 1 Bed Flat Assured 83.19 £ 42,930 £ 110,000 £ 180,000
WHEA00306 Frances House FLAT 6 FRANCES HOUSE KT1 2QR 1 Bed Flat Assured 84.95 £ 43,840 £ 110,000 £ 180,000
TUM019000 Various CR KT SM SW TW 19 TUMBLING BAY KT12 2JF 3 Bed House Assured 133.92 £ 75,100 £ 177,560 £ 250,000
PANA02600 Pankhurst Road 26 PANKHURST ROAD KT12 2JN 3 Bed House Assured 119.01 £ 61,800 £ 61,800 £ 240,000
PANA02700 Pankhurst Road 27 PANKHURST ROAD KT12 2JN 3 Bed House Assured 104.90 £ 54,470 £ 54,470 £ 240,000
N75PAN028 Pankhurst Road 28 PANKHURST ROAD KT12 2JN 1 Bed Flat Assured 85.85 £ 44,580 £ 44,580 £ 140,000
PANA02900 Pankhurst Road 29 PANKHURST ROAD KT12 2JN 1 Bed Flat Assured 89.47 £ 46,460 £ 46,460 £ 140,000
PANA03000 Pankhurst Road 30 PANKHURST ROAD KT12 2JN 1 Bed Flat Assured 88.79 £ 46,100 £ 46,100 £ 140,000
PANA03100 Pankhurst Road 31 PANKHURST ROAD KT12 2JN 1 Bed Flat Assured 89.47 £ 46,460 £ 46,460 £ 140,000
PANA03200 Pankhurst Road 32 PANKHURST ROAD KT12 2JN 1 Bed Flat Assured 83.79 £ 43,510 £ 43,510 £ 140,000
PANA03400 Pankhurst Road 34 PANKHURST ROAD KT12 2JN 3 Bed House Assured 119.01 £ 61,800 £ 61,800 £ 240,000
PANA03500 Pankhurst Road 35 PANKHURST ROAD KT12 2JN 3 Bed House Assured 116.32 £ 60,400 £ 60,400 £ 240,000
PANA03600 Pankhurst Road 36 PANKHURST ROAD KT12 2JN 3 Bed House Assured 119.01 £ 61,800 £ 61,800 £ 240,000
PANA03700 Pankhurst Road 37 PANKHURST ROAD KT12 2JN 2 Bed House Assured 104.46 £ 54,240 £ 54,240 £ 205,000
PANA03800 Pankhurst Road 38 PANKHURST ROAD KT12 2JN 2 Bed House Assured 95.95 £ 49,820 £ 49,820 £ 205,000
PANA03900 Pankhurst Road 39 PANKHURST ROAD KT12 2JN 2 Bed House Assured 108.84 £ 56,510 £ 56,510 £ 205,000
PANA04000 Pankhurst Road 40 PANKHURST ROAD KT12 2JN 2 Bed House Assured 107.39 £ 55,760 £ 55,760 £ 205,000
PANA04100 Pankhurst Road 41 PANKHURST ROAD KT12 2JN 2 Bed House Assured 107.97 £ 56,060 £ 56,060 £ 205,000
PANA04200 Pankhurst Road 42 PANKHURST ROAD KT12 2JN 2 Bed House Assured 107.97 £ 56,060 £ 56,060 £ 205,000
PANA04300 Pankhurst Road 43 PANKHURST ROAD KT12 2JN 2 Bed House Assured 107.97 £ 56,060 £ 56,060 £ 205,000
PANA04400 Pankhurst Road 44 PANKHURST ROAD KT12 2JN 4 Bed House Assured 140.74 £ 73,080 £ 73,080 £ 290,000
PANA04500 Pankhurst Road 45 PANKHURST ROAD KT12 2JN 4 Bed House Assured 141.31 £ 73,330 £ 73,330 £ 290,000
PANA04600 Pankhurst Road 46 PANKHURST ROAD KT12 2JN 3 Bed House Assured 119.01 £ 61,800 £ 61,800 £ 240,000
PANA04700 Pankhurst Road 47 PANKHURST ROAD KT12 2JN 3 Bed House Assured 119.01 £ 61,800 £ 61,800 £ 250,000
PANA04800 Pankhurst Road 48 PANKHURST ROAD KT12 2JN 3 Bed House Assured 119.01 £ 61,800 £ 61,800 £ 240,000
PANA05000 Pankhurst Road 50 PANKHURST ROAD KT12 2JN 1 Bed Flat Assured 89.47 £ 46,460 £ 46,460 £ 140,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 15 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
PANA05100 Pankhurst Road 51 PANKHURST ROAD KT12 2JN 1 Bed Flat Assured 89.47 £ 46,460 £ 46,460 £ 140,000
PANA05200 Pankhurst Road 52 PANKHURST ROAD KT12 2JN 1 Bed Flat Assured 83.89 £ 43,560 £ 43,560 £ 140,000
PANA05300 Pankhurst Road 53 PANKHURST ROAD KT12 2JN 1 Bed Flat Assured 89.30 £ 46,370 £ 46,370 £ 140,000
PANA06400 Pankhurst Road 64 PANKHURST ROAD KT12 2JN 1 Bed Flat Starter Tenancy 85.27 £ 44,280 £ 44,280 £ 140,000
PANA07300 Pankhurst Road 73 PANKHURST ROAD KT12 2JN 4 Bed House Assured 137.46 £ 71,380 £ 71,380 £ 290,000
PANA03300 Pankhurst Road 33 PANKHURST ROAD KT12 2JW 1 Bed Flat Assured 89.47 £ 46,460 £ 46,460 £ 140,000
PANA04900 Pankhurst Road 49 PANKHURST ROAD KT12 2JW 1 Bed Flat Assured 89.47 £ 46,460 £ 46,460 £ 140,000
N75PAN054 Pankhurst Road 54 PANKHURST ROAD KT12 2JW 1 Bed Flat Assured 87.05 £ 45,200 £ 45,200 £ 140,000
PANA06500 Pankhurst Road 65 PANKHURST ROAD KT12 2JW 1 Bed Flat Assured 89.47 £ 46,460 £ 46,460 £ 140,000
N75PAN066 Pankhurst Road 66 PANKHURST ROAD KT12 2JW 1 Bed Flat Starter Tenancy 85.21 £ 44,240 £ 44,240 £ 140,000
PANA06700 Pankhurst Road 67 PANKHURST ROAD KT12 2JW 1 Bed Flat Assured 86.71 £ 45,020 £ 45,020 £ 140,000
PANA06800 Pankhurst Road 68 PANKHURST ROAD KT12 2JW 1 Bed Flat Assured 85.44 £ 44,360 £ 44,360 £ 140,000
N75PAN067 Pankhurst Road 69 PANKHURST ROAD KT12 2JW 1 Bed Flat Assured 87.05 £ 45,200 £ 45,200 £ 140,000
PANA07000 Pankhurst Road 70 PANKHURST ROAD KT12 2JW 3 Bed House Assured 117.07 £ 60,790 £ 60,790 £ 240,000
PANA07100 Pankhurst Road 71 PANKHURST ROAD KT12 2JW 3 Bed House Assured 119.01 £ 61,800 £ 61,800 £ 240,000
PANA07200 Pankhurst Road 72 PANKHURST ROAD KT12 2JW 3 Bed House Assured 119.01 £ 61,800 £ 61,800 £ 240,000
ROD008000 Various CR KT SM SW TW 8 RODNEY GREEN KT12 3NB 4 Bed House Secured Tenancy 117.52 £ 65,900 £ 194,440 £ 275,000
DONA10700 Donald Woods Gardens 107 DONALD WOODS GARDENS KT5 9NS 2 Bed Flat Assured 98.98 £ 55,240 £ 139,160 £ 225,000
DONA10800 Donald Woods Gardens 108 DONALD WOODS GARDENS KT5 9NS 2 Bed Flat Assured 99.05 £ 55,280 £ 139,160 £ 225,000
DONA10900 Donald Woods Gardens 109 DONALD WOODS GARDENS KT5 9NS 2 Bed Flat Assured 98.03 £ 54,730 £ 139,160 £ 225,000
DONA11000 Donald Woods Gardens 110 DONALD WOODS GARDENS KT5 9NS 2 Bed Flat Assured 98.03 £ 54,730 £ 139,160 £ 225,000
DONA07100 Donald Woods Gardens 71 DONALD WOODS GARDENS KT5 9NS 3 Bed House Assured 128.95 £ 71,970 £ 163,630 £ 255,000
DONA07200 Donald Woods Gardens 72 DONALD WOODS GARDENS KT5 9NS 3 Bed House Assured 128.93 £ 71,960 £ 163,630 £ 255,000
DONA07300 Donald Woods Gardens 73 DONALD WOODS GARDENS KT5 9NS 3 Bed House Assured 128.93 £ 71,960 £ 163,630 £ 255,000
DONA07400 Donald Woods Gardens 74 DONALD WOODS GARDENS KT5 9NS 3 Bed House Assured 128.95 £ 71,970 £ 163,630 £ 255,000
DONA07900 Donald Woods Gardens 79 DONALD WOODS GARDENS KT5 9NS 2 Bed House Assured 111.29 £ 62,110 £ 144,710 £ 230,000
DONA08000 Donald Woods Gardens 80 DONALD WOODS GARDENS KT5 9NS 2 Bed House Assured 110.68 £ 61,770 £ 144,710 £ 230,000
DONA08100 Donald Woods Gardens 81 DONALD WOODS GARDENS KT5 9NS 2 Bed House Assured 110.45 £ 61,640 £ 144,710 £ 230,000
DONA08200 Donald Woods Gardens 82 DONALD WOODS GARDENS KT5 9NS 2 Bed House Assured 110.45 £ 61,640 £ 144,710 £ 230,000
505-CAV10250000 Various CM CO GU ME RG SL SS 25 CAVENDISH AVENUE ME7 2NN 3 Bed House Assured 97.23 £ 51,500 £ 91,370 £ 125,000
DBX022000 Deans Drive 22 DEANS DRIVE N13 6LJ 1 Bed Flat Assured 91.05 £ 50,300 £ 82,760 £ 130,000
DBX023000 Deans Drive 23 DEANS DRIVE N13 6LJ 1 Bed Flat Assured 90.06 £ 49,760 £ 82,760 £ 130,000
DBX024000 Deans Drive 24 DEANS DRIVE N13 6LJ 1 Bed Flat Assured 91.05 £ 50,300 £ 82,760 £ 130,000
DBX025000 Deans Drive 25 DEANS DRIVE N13 6LJ 1 Bed Flat Assured 91.05 £ 50,300 £ 82,760 £ 130,000
DBX026000 Deans Drive 26 DEANS DRIVE N13 6LJ 1 Bed Flat Assured 84.10 £ 46,480 £ 82,760 £ 130,000
DBX027000 Deans Drive 27 DEANS DRIVE N13 6LJ 1 Bed Flat Assured 91.05 £ 50,300 £ 82,760 £ 130,000
DBX028000 Deans Drive 28 DEANS DRIVE N13 6LJ 1 Bed Flat Assured 91.22 £ 50,400 £ 82,760 £ 130,000
DBX029000 Deans Drive 29 DEANS DRIVE N13 6LJ 1 Bed Flat Assured 91.05 £ 50,300 £ 82,760 £ 130,000
DBX030000 Deans Drive SECOND FLOOR FLAT 30 DEANS DRIVE N13 6LJ 1 Bed Flat Assured Short Term 93.66 £ 51,750 £ 82,760 £ 130,000
DBX031000 Deans Drive 31 DEANS DRIVE N13 6LJ 1 Bed Flat Assured 91.05 £ 50,300 £ 82,760 £ 130,000
DBX032000 Deans Drive 32 DEANS DRIVE N13 6LJ 1 Bed Flat Assured 91.05 £ 50,300 £ 82,760 £ 130,000
DBX033000 Deans Drive 33 DEANS DRIVE N13 6LJ 1 Bed Flat Assured 90.17 £ 49,820 £ 82,760 £ 130,000
DBX034000 Deans Drive 34 DEANS DRIVE N13 6LJ 2 Bed Flat Assured 107.15 £ 59,200 £ 106,330 £ 165,000
DBX035000 Deans Drive 35 DEANS DRIVE N13 6LJ 2 Bed Flat Assured 107.15 £ 59,200 £ 106,330 £ 165,000
DBX036000 Deans Drive 36 DEANS DRIVE N13 6LJ 1 Bed Flat Starter Tenancy 93.21 £ 51,500 £ 82,760 £ 130,000
DBX037000 Deans Drive 37 DEANS DRIVE N13 6LJ 1 Bed Flat Assured 90.64 £ 50,080 £ 82,760 £ 130,000
DBX038000 Deans Drive 38 DEANS DRIVE N13 6LJ 1 Bed Flat Assured 91.05 £ 50,300 £ 82,760 £ 130,000
DBX039000 Deans Drive 39 DEANS DRIVE N13 6LJ 1 Bed Flat Assured 91.05 £ 50,300 £ 82,760 £ 130,000
DBX040000 Deans Drive 40 DEANS DRIVE N13 6LJ 1 Bed Flat Assured 91.05 £ 50,300 £ 82,760 £ 130,000
DBX041000 Deans Drive 41 DEANS DRIVE N13 6LJ 1 Bed Flat Assured 90.59 £ 50,050 £ 82,760 £ 130,000
DBX042000 Deans Drive 42 DEANS DRIVE N13 6LJ 2 Bed Flat Assured Protected 107.80 £ 59,560 £ 106,330 £ 165,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 16 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
DBX043000 Deans Drive 43 DEANS DRIVE N13 6LJ 2 Bed Flat Assured 107.15 £ 59,200 £ 106,330 £ 165,000
2850670017 Various E EN FLAT A, 67 TYNEMOUTH ROAD N15 4AU 1 Bed Flat Assured 89.65 £ 50,330 £ 124,740 £ 185,000
2850670027 Various E EN FLAT B, 67 TYNEMOUTH ROAD N15 4AU 1 Bed Flat Assured 89.65 £ 50,330 £ 124,740 £ 185,000
4680040019 Colsterworth Road 4B COLSTERWORTH ROAD N15 4BJ 3 Bed House Assured 120.44 £ 68,890 £ 144,040 £ 225,000
4680060013 Colsterworth Road 6A COLSTERWORTH ROAD N15 4BJ 3 Bed Flat Assured 119.43 £ 68,330 £ 128,810 £ 175,000
4680060023 Colsterworth Road 6B COLSTERWORTH ROAD N15 4BJ 3 Bed Flat Assured 120.44 £ 68,890 £ 123,110 £ 165,000
4680080018 Colsterworth Road 8A COLSTERWORTH ROAD N15 4BJ 3 Bed House Assured 120.44 £ 68,890 £ 144,040 £ 225,000
1700090014 Various E EN 9 LAWRENCE ROAD N15 4EN 2 Bed House Secured Tenancy 95.00 £ 53,330 £ 155,370 £ 210,000
2021550019 Various E EN 155A PHILIP LANE N15 4HQ 2 Bed Flat Assured 106.74 £ 59,920 £ 146,330 £ 200,000
2021550029 Various E EN 155B PHILIP LANE N15 4HQ 2 Bed Flat Assured 107.52 £ 60,360 £ 146,330 £ 200,000
SOD053000 Various E EN 53 STAMFORD ROAD N15 4PH 3 Bed House Assured 131.65 £ 73,900 £ 171,300 £ 230,000
POR022000 Various E EN 22 PORTLAND ROAD N15 4PW 3 Bed House Assured 123.83 £ 69,510 £ 171,300 £ 230,000
TMG000041 Eileen Lenton Court 41 Eileen Lenton Court N15 4UR 3 Bed House Assured 104.77 £ 61,530 £ 61,530 £ 260,000
TMG000042 Eileen Lenton Court 42 Eileen Lenton Court N15 4UR 3 Bed House Assured 104.77 £ 61,530 £ 61,530 £ 260,000
TMG000043 Eileen Lenton Court 43 Eileen Lenton Court N15 4UR 3 Bed House Assured 104.77 £ 61,530 £ 61,530 £ 260,000
TMG000044 Eileen Lenton Court 44 Eileen Lenton Court N15 4UR 3 Bed House Assured 104.77 £ 61,530 £ 61,530 £ 260,000
TMG000001 Eileen Lenton Court FLAT 1 EILEEN LENTON COURT N15 4UR 2 Bed Flat Assured 94.54 £ 55,530 £ 55,530 £ 225,000
TMG000002 Eileen Lenton Court FLAT 2 EILEEN LENTON COURT N15 4UR 2 Bed Flat Assured 94.54 £ 55,530 £ 55,530 £ 225,000
TMG000003 Eileen Lenton Court FLAT 3 EILEEN LENTON COURT N15 4UR 2 Bed Flat Shared Ownership 193.79 £ - £ - £ -
TMG000004 Eileen Lenton Court FLAT 4 EILEEN LENTON COURT N15 4UR 2 Bed Flat Shared Ownership 224.34 £ - £ - £ -
TMG000005 Eileen Lenton Court FLAT 5 EILEEN LENTON COURT N15 4UR 1 Bed Flat Assured 75.63 £ 44,420 £ 44,420 £ 175,000
TMG000006 Eileen Lenton Court FLAT 6 EILEEN LENTON COURT N15 4UR 1 Bed Flat Assured 75.63 £ 44,420 £ 44,420 £ 175,000
TMG000007 Eileen Lenton Court FLAT 7 EILEEN LENTON COURT N15 4UR 2 Bed Flat Assured 94.54 £ 55,530 £ 55,530 £ 225,000
TMG000008 Eileen Lenton Court FLAT 8 EILEEN LENTON COURT N15 4UR 2 Bed Flat Assured 94.54 £ 55,530 £ 55,530 £ 225,000
TMG000009 Eileen Lenton Court FLAT 9 EILEEN LENTON COURT N15 4UR 2 Bed Flat Assured 94.54 £ 55,530 £ 55,530 £ 225,000
TMG000010 Eileen Lenton Court FLAT 10 EILEEN LENTON COURT N15 4UR 1 Bed Flat Assured 75.63 £ 44,420 £ 44,420 £ 175,000
TMG000011 Eileen Lenton Court FLAT 11 EILEEN LENTON COURT N15 4UR 2 Bed Flat Assured 94.54 £ 55,530 £ 55,530 £ 225,000
TMG000012 Eileen Lenton Court FLAT 12 EILEEN LENTON COURT N15 4UR 2 Bed Flat Shared Ownership 224.25 £ - £ - £ -
TMG000013 Eileen Lenton Court FLAT 13 EILEEN LENTON COURT N15 4UR 1 Bed Flat Shared Ownership 229.19 £ - £ - £ -
TMG000014 Eileen Lenton Court FLAT 14 EILEEN LENTON COURT N15 4UR 1 Bed Flat Shared Ownership 208.52 £ - £ - £ -
TMG000015 Eileen Lenton Court FLAT 15 EILEEN LENTON COURT N15 4UR 1 Bed Flat Shared Ownership 163.76 £ - £ - £ -
TMG000016 Eileen Lenton Court FLAT 16 EILEEN LENTON COURT N15 4UR 2 Bed Flat Assured 94.54 £ 55,530 £ 55,530 £ 220,000
TMG000017 Eileen Lenton Court FLAT 17 EILEEN LENTON COURT N15 4UR 2 Bed Flat Assured 94.54 £ 55,530 £ 55,530 £ 225,000
TMG000018 Eileen Lenton Court FLAT 18 EILEEN LENTON COURT N15 4UR 1 Bed Flat Assured 75.63 £ 44,420 £ 44,420 £ 175,000
TMG000019 Eileen Lenton Court FLAT 19 EILEEN LENTON COURT N15 4UR 2 Bed Flat Assured 94.54 £ 55,530 £ 55,530 £ 225,000
TMG000020 Eileen Lenton Court FLAT 20 EILEEN LENTON COURT N15 4UR 2 Bed Flat Shared Ownership 213.85 £ - £ - £ -
TMG000021 Eileen Lenton Court FLAT 21 EILEEN LENTON COURT N15 4UR 1 Bed Flat Shared Ownership 133.64 £ - £ - £ -
TMG000022 Eileen Lenton Court FLAT 22 EILEEN LENTON COURT N15 4UR 1 Bed Flat Shared Ownership 183.78 £ - £ - £ -
TMG000023 Eileen Lenton Court FLAT 23 EILEEN LENTON COURT N15 4UR 1 Bed Flat Assured 75.63 £ 44,420 £ 44,420 £ 175,000
TMG000024 Eileen Lenton Court FLAT 24 EILEEN LENTON COURT N15 4UR 2 Bed Flat Assured 94.54 £ 55,530 £ 55,530 £ 220,000
TMG000025 Eileen Lenton Court FLAT 25 EILEEN LENTON COURT N15 4UR 2 Bed Flat Assured 94.54 £ 55,530 £ 55,530 £ 225,000
TMG000026 Eileen Lenton Court FLAT 26 EILEEN LENTON COURT N15 4UR 1 Bed Flat Assured 75.63 £ 44,420 £ 44,420 £ 175,000
TMG000027 Eileen Lenton Court FLAT 27 EILEEN LENTON COURT N15 4UR 2 Bed Flat Assured 94.54 £ 55,530 £ 55,530 £ 225,000
TMG000028 Eileen Lenton Court FLAT 28 EILEEN LENTON COURT N15 4UR 2 Bed Flat Shared Ownership 210.51 £ - £ - £ -
TMG000029 Eileen Lenton Court FLAT 29 EILEEN LENTON COURT N15 4UR 1 Bed Flat Assured Short Term 86.92 £ 51,050 £ 51,050 £ 175,000
TMG000030 Eileen Lenton Court FLAT 30 EILEEN LENTON COURT N15 4UR 1 Bed Flat Shared Ownership 187.46 £ - £ - £ -
TMG000031 Eileen Lenton Court FLAT 31 EILEEN LENTON COURT N15 4UR 1 Bed Flat Assured 75.63 £ 44,420 £ 44,420 £ 175,000
TMG000032 Eileen Lenton Court FLAT 32 EILEEN LENTON COURT N15 4UR 2 Bed Flat Assured 94.54 £ 55,530 £ 55,530 £ 220,000
TMG000033 Eileen Lenton Court FLAT 33 EILEEN LENTON COURT N15 4UR 2 Bed Flat Shared Ownership 233.91 £ - £ - £ -
TMG000034 Eileen Lenton Court FLAT 34 EILEEN LENTON COURT N15 4UR 2 Bed Flat Shared Ownership 213.16 £ - £ - £ -
TMG000035 Eileen Lenton Court FLAT 35 EILEEN LENTON COURT N15 4UR 2 Bed Flat Shared Ownership 203.80 £ - £ - £ -
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 17 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
TMG000036 Eileen Lenton Court FLAT 36 EILEEN LENTON COURT N15 4UR 2 Bed Flat Shared Ownership 216.84 £ - £ - £ -
TMG000037 Eileen Lenton Court FLAT 37 EILEEN LENTON COURT N15 4UR 1 Bed Flat Shared Ownership 157.95 £ - £ - £ -
TMG000038 Eileen Lenton Court FLAT 38 EILEEN LENTON COURT N15 4UR 1 Bed Flat Shared Ownership 174.42 £ - £ - £ -
TMG000039 Eileen Lenton Court FLAT 39 EILEEN LENTON COURT N15 4UR 1 Bed Flat Shared Ownership 194.78 £ - £ - £ -
TMG000040 Eileen Lenton Court FLAT 40 EILEEN LENTON COURT N15 4UR 1 Bed Flat Shared Ownership 170.39 £ - £ - £ -
STQ150000 Various E EN 150 STONEBRIDGE ROAD N15 5PA 2 Bed House Assured 109.25 £ 61,330 £ 146,330 £ 200,000
HDW007000 Various E EN 7 HOWARD ROAD N15 6NL 3 Bed House Assured 131.65 £ 73,900 £ 197,420 £ 300,000
500730015 Various E EN 73 OLDFIELD ROAD N16 0RR 3 Bed House Assured 127.89 £ 71,790 £ 293,570 £ 437,500
310390010 Various E EN 39 HAWKSLEY ROAD N16 0TL 3 Bed House Assured 127.89 £ 71,790 £ 293,570 £ 437,500
3620010017 Various E EN 1 BETHUNE RD N16 5BW 1 Bed Flat Assured 92.13 £ 51,720 £ 164,430 £ 220,000
3620010027 Various E EN FLAT F, 1 BETHUNE RD N16 5BW 2 Bed Flat Assured 117.44 £ 65,930 £ 179,720 £ 237,500
OCY128001 Osbaldeston Road FLAT A 128 OSBALDESTON ROAD N16 6NJ 3 Bed Flat Fair Rent 97.06 £ 56,170 £ 178,210 £ 270,000
OCY128002 Osbaldeston Road FLAT B 128 OSBALDESTON ROAD N16 6NJ 3 Bed Flat Assured 124.82 £ 72,250 £ 178,210 £ 270,000
OCY148001 Osbaldeston Road FLAT A 148 OSBALDESTON ROAD N16 6NJ 1 Bed Flat Assured 92.13 £ 53,320 £ 120,960 £ 180,000
OCY148002 Osbaldeston Road FLAT B 148 OSBALDESTON ROAD N16 6NJ 4 Bed Flat Fair Rent 106.32 £ 61,530 £ 201,630 £ 325,000
OCY107001 Osbaldeston Road FLAT A 107 OSBALDESTON ROAD N16 6NP 1 Bed Flat Fair Rent 83.47 £ 48,310 £ 120,960 £ 180,000
OCY107002 Osbaldeston Road FLAT B 107 OSBALDESTON ROAD N16 6NP 3 Bed Flat Assured 124.56 £ 72,090 £ 171,610 £ 260,000
KFE084001 Various E EN FLAT A 84 KYVERDALE ROAD N16 6PL 1 Bed Flat Protected Assured 99.01 £ 55,580 £ 198,690 £ 305,000
KFE084002 Various E EN FLAT B 84 KYVERDALE ROAD N16 6PL 3 Bed Flat Fair Rent 87.07 £ 48,880 £ 217,580 £ 345,000
50370013 Various E EN FLAT A, 37 RAVENSDALE ROAD N16 6TJ 3 Bed Flat Assured 114.95 £ 64,530 £ 217,580 £ 345,000
50370023 Various E EN FLAT B, 37 RAVENSDALE ROAD N16 6TJ 1 Bed Flat Assured 95.34 £ 53,520 £ 198,690 £ 305,000
50370033 Various E EN FLAT C, 37 RAVENSDALE ROAD N16 6TJ 1 Bed Flat Assured 95.34 £ 53,520 £ 198,690 £ 305,000
1011055000 Various E EN 55 OLINDA ROAD N16 6TR 3 Bed House Assured 135.63 £ 76,140 £ 230,000 £ 375,000
OCY025001 Osbaldeston Road FLAT A 25 OSBALDESTON ROAD N16 7DJ 2 Bed Flat Assured 109.01 £ 63,090 £ 145,210 £ 220,000
OCY025002 Osbaldeston Road FLAT B 25 OSBALDESTON ROAD N16 7DJ 3 Bed Flat Assured 117.90 £ 68,240 £ 178,210 £ 270,000
1189057000 Various E EN 57 THE BECKERS N16 7QU 3 Bed House Assured 133.14 £ 74,740 £ 219,280 £ 350,000
2550010014 Various E EN FLAT A, 1 PRINCE GEORGE ROAD N16 8DL 1 Bed Flat Secured Tenancy 76.64 £ 43,020 £ 190,040 £ 252,500
2550010024 Various E EN FLAT B, 1 PRINCE GEORGE ROAD N16 8DL 1 Bed Flat Assured 100.00 £ 56,140 £ 190,040 £ 252,500
2550010034 Various E EN FLAT C, 1 PRINCE GEORGE ROAD N16 8DL 1 Bed Flat Assured 99.36 £ 55,780 £ 190,040 £ 252,500
YRB035000 Various E EN 35 BROMLEY ROAD N17 0AR 3 Bed House Assured 131.65 £ 73,900 £ 169,140 £ 230,000
HPD033000 Various E EN 33 HAMPDEN LANE N17 0AS 3 Bed House Assured 131.65 £ 73,900 £ 169,140 £ 230,000
HPD037000 Various E EN 37 HAMPDEN LANE N17 0AS 3 Bed House Assured 131.65 £ 73,900 £ 169,140 £ 230,000
2860290010 Various E EN FLAT 29A, ARGYLE ROAD N17 0BE 1 Bed Flat Assured 89.65 £ 50,330 £ 113,970 £ 175,000
2860290020 Various E EN FLAT 29B, ARGYLE ROAD N17 0BE 1 Bed Flat Starter Tenancy 75.02 £ 42,110 £ 113,970 £ 175,000
2580280011 Various E EN FLAT A, 28 VICARAGE ROAD N17 0BG 1 Bed Flat Assured 87.93 £ 49,360 £ 113,970 £ 175,000
2580280021 Various E EN FLAT B, 28 VICARAGE ROAD N17 0BG 1 Bed Flat Assured 87.93 £ 49,360 £ 113,970 £ 175,000
2580280031 Various E EN FLAT C, 28 VICARAGE ROAD N17 0BG 1 Bed Flat Secured Tenancy 66.56 £ 37,360 £ 113,970 £ 175,000
261038001A Various E EN 38A PARK LANE N17 0JS 1 Bed Flat Secured Tenancy 76.88 £ 43,160 £ 113,970 £ 175,000
261038002A Various E EN 38B PARK LANE N17 0JS 1 Bed Flat Assured 86.43 £ 48,520 £ 113,970 £ 175,000
2590160015 Various E EN FLAT A, 16 BARONET ROAD N17 0LU 1 Bed Flat Assured 82.36 £ 46,230 £ 119,580 £ 180,000
2590160025 Various E EN FLAT B, 16 BARONET ROAD N17 0LU 1 Bed Flat Secured Tenancy 74.68 £ 41,920 £ 119,580 £ 180,000
2590160035 Various E EN FLAT C, 16 BARONET ROAD N17 0LU 1 Bed Flat Assured 87.93 £ 49,360 £ 119,580 £ 180,000
APN078000 Various E EN 78 ASPLINS ROAD N17 0NX 3 Bed House Assured 131.65 £ 73,900 £ 151,830 £ 230,000
TVE163000 Various E EN 163 THE AVENUE N17 6JJ 3 Bed House Assured 117.29 £ 65,840 £ 167,760 £ 250,000
2530160018 Various E EN FLAT A, 16 ELMHURST ROAD N17 6RQ 1 Bed Flat Assured 89.65 £ 50,330 £ 112,800 £ 145,000
2530070019 Various E EN FLAT A, 7 ELMHURST ROAD N17 6RQ 1 Bed Flat Secured Tenancy 77.59 £ 43,560 £ 112,800 £ 145,000
2530160028 Various E EN FLAT B, 16 ELMHURST ROAD N17 6RQ 2 Bed Flat Assured 104.12 £ 58,450 £ 123,760 £ 162,500
2530070029 Various E EN FLAT B, 7 ELMHURST ROAD N17 6RQ 1 Bed Flat Secured Tenancy 77.59 £ 43,560 £ 112,800 £ 145,000
3020110011 Various E EN FLAT A, 11 PEMBURY ROAD N17 6SR 2 Bed Flat Assured 104.32 £ 58,560 £ 108,960 £ 130,000
3020110021 Various E EN FLAT B, 11 PEMBURY ROAD N17 6SR 2 Bed Flat Assured 104.32 £ 58,560 £ 108,960 £ 130,000
2641040010 Various E EN 104A THE AVENUE N17 6TG 1 Bed Flat Assured 89.65 £ 50,330 £ 112,800 £ 145,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 18 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
2641040020 Various E EN 104B THE AVENUE N17 6TG 1 Bed Flat Assured 89.65 £ 50,330 £ 112,800 £ 145,000
HRT053000 Various E EN 53 HENNINGHAM RD N17 7BE 3 Bed House Assured 131.36 £ 73,740 £ 162,150 £ 245,000
5250650000 Various E EN 65 DE QUINCEY ROAD N17 7DJ 3 Bed House Assured 118.73 £ 66,650 £ 176,410 £ 250,000
SMI006000 Various E EN 6 SMITHSON ROAD N17 7DP 3 Bed House Assured 130.66 £ 73,350 £ 176,410 £ 250,000
RYB102000 Various E EN 102 RIVULET ROAD N17 7JJ 3 Bed House Assured 131.65 £ 73,900 £ 176,410 £ 250,000
GRT039000 Various E EN 39 GREAT CAMBRIDGE ROAD N17 7LJ 3 Bed House Assured 127.55 £ 71,600 £ 176,410 £ 250,000
CBI010000 Various E EN 10 CAMBRIDGE GARDENS N17 7LL 3 Bed House Assured 131.65 £ 73,900 £ 176,410 £ 250,000
ROG033000 Various E EN 33 ROWLAND HILL AVENUE N17 7LU 3 Bed House Assured 131.65 £ 73,900 £ 170,810 £ 245,000
GRG024000 Various E EN 24 GRETTON ROAD N17 8BN 3 Bed House Assured 125.69 £ 70,560 £ 160,100 £ 220,000
GRG001000 Various E EN 1 GRETTON ROAD N17 8BZ 2 Bed House Assured 119.23 £ 66,930 £ 144,170 £ 200,000
OVK019000 Various E EN 19 OAK AVENUE N17 8JJ 3 Bed House Assured 131.65 £ 73,900 £ 160,100 £ 220,000
LRN006000 Various E EN 6 LABURNUM AVENUE N17 8LS 3 Bed House Assured 131.65 £ 73,900 £ 160,100 £ 220,000
MEK039000 Various E EN 39 MAFEKING ROAD N17 9BG 3 Bed House Assured 131.65 £ 73,900 £ 160,100 £ 220,000
FAH017000 Various E EN 17 FAIRBANKS ROAD N17 9JH 3 Bed House Assured 131.65 £ 73,900 £ 160,100 £ 220,000
YAR083000 Various E EN 83 YARMOUTH CRESCENT N17 9PQ 3 Bed House Assured 132.55 £ 74,410 £ 167,860 £ 225,000
4980110004 Various E EN 11 ROSEBERY AVENUE N17 9RY 2 Bed House Assured 104.05 £ 58,410 £ 152,820 £ 200,000
ERS010000 Various E EN 10 ERSKINE CRESCENT N17 9TA 3 Bed House Assured 131.65 £ 73,900 £ 160,100 £ 220,000
SMT015000 Various E EN 15 SPENCER ROAD N17 9UU 2 Bed House Assured 109.28 £ 61,350 £ 134,230 £ 195,000
SOM068000 Various E EN 68 SOMERSET ROAD N18 1HG 3 Bed House Assured 131.59 £ 73,870 £ 137,240 £ 200,000
HAA089000 Various E EN 89 HASELBURY ROAD N18 1PZ 3 Bed House Assured 131.65 £ 73,900 £ 137,240 £ 200,000
483014001A Various E EN 14 LIDYARD ROAD N19 5NR 4 Bed House Assured 143.52 £ 80,570 £ 206,510 £ 300,000
PTH124000 Various E EN 124 PERTH ROAD N22 5QP 3 Bed House Assured 128.08 £ 71,900 £ 181,520 £ 270,000
PTH124A00 Various E EN 122 PERTH ROAD N22 5QP 3 Bed House Assured 128.08 £ 71,900 £ 175,920 £ 265,000
2491490018 Various E EN FLAT A, 149 VICTORIA ROAD N22 7XH 1 Bed Flat Secured Tenancy 97.94 £ 54,980 £ 129,020 £ 200,000
2491490028 Various E EN FLAT B, 149 VICTORIA ROAD N22 7XH 2 Bed Flat Assured 111.50 £ 62,590 £ 161,370 £ 225,000
2390390012 Various E EN FLAT A 39 MYDDLETON ROAD N22 8LY 1 Bed Flat Assured 89.65 £ 50,330 £ 129,020 £ 200,000
2390390022 Various E EN FLAT B 39 MYDDLETON ROAD N22 8LY 1 Bed Flat Assured 89.82 £ 50,420 £ 129,020 £ 200,000
2390390032 Various E EN FLAT C 39 MYDDLETON ROAD N22 8LY 1 Bed Flat Assured 74.10 £ 41,600 £ 129,020 £ 200,000
2390390042 Various E EN FLAT D 39 MYDDLETON ROAD N22 8LY 1 Bed Flat Assured 89.65 £ 50,330 £ 129,020 £ 200,000
BST001001 Various E EN FLAT A 1 BURGOYNE ROAD N4 1AA 2 Bed Flat Fair Rent 92.93 £ 52,170 £ 159,550 £ 245,000
BST001002 Various E EN FLAT B 1 BURGOYNE ROAD N4 1AA 3 Bed Flat Fair Rent 102.18 £ 57,360 £ 180,000 £ 272,500
WBE041001 Various E EN FLAT A 41 WARHAM ROAD N4 1AR 2 Bed Flat Assured 113.96 £ 63,970 £ 159,550 £ 245,000
WBE041002 Various E EN FLAT B 41 WARHAM ROAD N4 1AR 2 Bed Flat Assured 114.73 £ 64,400 £ 165,590 £ 250,000
WBE017000 Various E EN 17 WARHAM ROAD N4 1AR 3 Bed House Assured 132.89 £ 74,600 £ 181,280 £ 277,500
PDT001001 Various E EN FLAT A 1 PEMBERTON ROAD N4 1AX 1 Bed Flat Assured 100.35 £ 56,330 £ 149,660 £ 230,000
PDT003001 Various E EN FLAT A 3 PEMBERTON ROAD N4 1AX 1 Bed Flat Fair Rent 66.62 £ 37,400 £ 149,660 £ 230,000
PDT001002 Various E EN FLAT B 1 PEMBERTON ROAD N4 1AX 1 Bed Flat Assured 93.18 £ 52,310 £ 149,660 £ 230,000
PDT003002 Various E EN FLAT B 3 PEMBERTON ROAD N4 1AX 3 Bed Flat Assured 115.31 £ 64,730 £ 178,480 £ 275,000
PDT001003 Various E EN FLAT C 1 PEMBERTON ROAD N4 1AX 1 Bed Flat Assured 97.02 £ 54,460 £ 149,660 £ 230,000
DHE049000 Various E EN 49 DUCKETT ROAD N4 1BJ 3 Bed House Fair Rent 106.84 £ 59,980 £ 180,000 £ 272,500
DHE074000 Various E EN 74 DUCKETT ROAD N4 1BW 3 Bed House Fair Rent 116.16 £ 65,210 £ 181,280 £ 277,500
EHT011001 Various E EN FLAT A 11 ENDYMION ROAD N4 1EE 4 Bed Flat Fair Rent 104.61 £ 58,720 £ 195,930 £ 292,500
EHT011002 Various E EN FLAT B 11 ENDYMION ROAD N4 1EE 1 Bed Flat Assured 91.41 £ 51,310 £ 149,660 £ 230,000
EHT011003 Various E EN FLAT C 11 ENDYMION ROAD N4 1EE 1 Bed Flat Assured 100.35 £ 56,330 £ 149,660 £ 230,000
AEY007001 Various E EN FLAT A 7 ALROY ROAD N4 1EF 1 Bed Maisonette Assured 93.20 £ 52,320 £ 149,660 £ 230,000
AEY007002 Various E EN FLAT B 7 ALROY ROAD N4 1EF 2 Bed Flat Assured 98.36 £ 55,220 £ 159,550 £ 245,000
VBE004001 Various E EN FLAT A 4 VENETIA ROAD N4 1EJ 2 Bed Flat Assured 103.99 £ 58,380 £ 162,790 £ 247,500
VBE004002 Various E EN FLAT B 4 VENETIA ROAD N4 1EJ 2 Bed Flat Assured 95.68 £ 53,710 £ 159,550 £ 245,000
LIJ010001 Various E EN FLAT A 10 LOTHAIR ROAD SOUTH N4 1EL 1 Bed Flat Assured 87.04 £ 48,860 £ 149,660 £ 230,000
LIJ010002 Various E EN FLAT B 10 LOTHAIR ROAD SOUTH N4 1EL 2 Bed Flat Fair Rent 83.64 £ 46,950 £ 165,590 £ 250,000
LIJ091001 Various E EN FLAT A 91 LOTHAIR ROAD NORTH N4 1ER 1 Bed Flat Assured 93.08 £ 52,250 £ 149,660 £ 230,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 19 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
LIJ091002 Various E EN FLAT B 91 LOTHAIR ROAD NORTH N4 1ER 1 Bed Flat Assured 94.94 £ 53,300 £ 149,660 £ 230,000
LIJ034000 Various E EN 34 LOTHAIR ROAD NORTH N4 1EW 3 Bed House Assured 118.00 £ 66,240 £ 180,000 £ 272,500
WGO075001 Various E EN FLAT A 75 WIGHTMAN ROAD N4 1RJ 1 Bed Flat Fair Rent 74.52 £ 41,830 £ 149,660 £ 230,000
WGO075002 Various E EN FLAT B 75 WIGHTMAN ROAD N4 1RJ 2 Bed Flat Assured 114.76 £ 64,420 £ 159,550 £ 245,000
CEO021001 Cavendish Road FLAT A 21 CAVENDISH ROAD N4 1RP 1 Bed Flat Fair Rent 82.44 £ 47,070 £ 106,920 £ 175,000
CEO021002 Cavendish Road FLAT B 21 CAVENDISH ROAD N4 1RP 3 Bed Flat Fair Rent 99.15 £ 56,610 £ 168,080 £ 260,000
CEO043000 Cavendish Road 43 CAVENDISH ROAD N4 1RP 3 Bed House Assured 135.63 £ 77,420 £ 218,490 £ 370,000
CEO047001 Cavendish Road FLAT A 47 CAVENDISH ROAD N4 1RP 1 Bed Flat Fair Rent 77.78 £ 44,410 £ 106,920 £ 175,000
CEO047002 Cavendish Road FLAT B 47 CAVENDISH ROAD N4 1RP 3 Bed Flat Assured 112.95 £ 64,490 £ 164,590 £ 245,000
WGO043001 Various E EN FLAT A 43 WIGHTMAN ROAD N4 1RQ 1 Bed Flat Assured 93.70 £ 52,600 £ 149,660 £ 230,000
WGO043002 Various E EN FLAT B 43 WIGHTMAN ROAD N4 1RQ 1 Bed FlatShort Term Assured
Tenancy 93.66 £ 52,580 £ 149,660 £ 230,000
385004001A Ursula Mews 4 URSULA MEWS N4 2EG 2 Bed House Assured 125.57 £ 66,780 £ 200,300 £ 315,000
3850050027 Ursula Mews 5 URSULA MEWS N4 2EG 2 Bed House Assured 125.57 £ 66,780 £ 191,370 £ 300,000
3850060034 Ursula Mews 6 URSULA MEWS N4 2EG 2 Bed House Assured 124.34 £ 66,100 £ 191,370 £ 300,000
3850070041 Ursula Mews 7 URSULA MEWS N4 2EG 2 Bed House Assured 125.57 £ 66,780 £ 200,300 £ 315,000
3850080059 Ursula Mews 8 URSULA MEWS N4 2EG 2 Bed House Assured 125.57 £ 66,780 £ 191,370 £ 300,000
3850120061 Ursula Mews 12 URSULA MEWS N4 2EG 2 Bed House Assured 125.57 £ 66,780 £ 200,290 £ 315,000
1140023000 Various E EN 23 SPRINGPARK DRIVE N4 2NR 3 Bed House Assured 136.55 £ 76,650 £ 146,220 £ 225,000
MDY035001 Marquis Road FLAT A 35 MARQUIS ROAD N4 3AN 1 Bed Flat Assured 97.02 £ 50,930 £ 126,280 £ 220,000
MDY035002 Marquis Road FLAT B 35 MARQUIS ROAD N4 3AN 3 Bed Flat Fair Rent 111.77 £ 58,670 £ 184,460 £ 300,000
MDY046000 Marquis Road FLAT C 46 MARQUIS ROAD N4 3AP 1 Bed Flat Assured 97.20 £ 51,020 £ 126,280 £ 220,000
MDY046001 Marquis Road FLAT A 46 MARQUIS ROAD N4 3AP 1 Bed Flat Assured 91.02 £ 47,780 £ 126,280 £ 220,000
MDY046002 Marquis Road FLAT B 46 MARQUIS ROAD N4 3AP 1 Bed Flat Assured 100.35 £ 52,680 £ 126,280 £ 220,000
MDY048001 Marquis Road FLAT A 48 MARQUIS ROAD N4 3AP 3 Bed Flat Fair Rent 99.15 £ 52,050 £ 184,460 £ 300,000
MDY048002 Marquis Road FLAT B 48 MARQUIS ROAD N4 3AP 3 Bed Flat Assured 111.93 £ 58,760 £ 174,680 £ 285,000
MDY048003 Marquis Road FLAT C 48 MARQUIS ROAD N4 3AP 1 Bed Flat Assured 91.64 £ 48,110 £ 126,280 £ 220,000
UBO027001 Various Finsbury Park FLAT A 27 UPPER TOLLINGTON PARK N4 3EJ 1 Bed Flat Fair Rent 66.75 £ 37,520 £ 141,490 £ 230,000
UBO027002 Various Finsbury Park FLAT B 27 UPPER TOLLINGTON PARK N4 3EJ 2 Bed Flat Fair Rent 64.23 £ 36,100 £ 168,450 £ 265,000
UBO031001 Various Finsbury Park FLAT A 31 UPPER TOLLINGTON PARK N4 3EJ 1 Bed Flat Fair Rent 70.05 £ 39,370 £ 141,490 £ 230,000
UBO031002 Various Finsbury Park FLAT B 31 UPPER TOLLINGTON PARK N4 3EJ 2 Bed Flat Fair Rent 88.40 £ 49,690 £ 168,450 £ 265,000
OEE020001 Various Finsbury Park FLAT A 20 OXFORD ROAD N4 3EY 1 Bed Flat Assured 91.41 £ 51,380 £ 141,490 £ 230,000
OEE020002 Various Finsbury Park FLAT B 20 OXFORD ROAD N4 3EY 1 Bed Flat Fair Rent 61.86 £ 34,770 £ 141,490 £ 230,000
OEE020003 Various Finsbury Park FLAT C 20 OXFORD ROAD N4 3EY 1 Bed Flat Assured 74.66 £ 41,960 £ 141,490 £ 230,000
OEE041001 Various Finsbury Park FLAT A 41 OXFORD ROAD N4 3EY 3 Bed Flat Assured 117.24 £ 65,900 £ 180,670 £ 285,000
OEE041002 Various Finsbury Park FLAT B 41 OXFORD ROAD N4 3EY 1 Bed Flat Assured 88.70 £ 49,850 £ 141,490 £ 230,000
OEE011000 Various Finsbury Park FLAT A 11 OXFORD ROAD N4 3HA 2 Bed Flat Assured 109.41 £ 61,490 £ 161,830 £ 250,000
OEE011002 Various Finsbury Park FLAT B 11 OXFORD ROAD N4 3HA 3 Bed Flat Fair Rent 70.39 £ 39,560 £ 185,760 £ 295,000
OEE009000 Various Finsbury Park FLAT C 9 OXFORD ROAD N4 3HA 1 Bed Flat Assured 58.59 £ 32,930 £ 141,490 £ 230,000
OEE009001 Various Finsbury Park FLAT A 9 OXFORD ROAD N4 3HA 1 Bed Flat Assured 118.31 £ 66,500 £ 141,490 £ 230,000
OEE009002 Various Finsbury Park FLAT B 9 OXFORD ROAD N4 3HA 1 Bed Flat Fair Rent 68.73 £ 38,630 £ 141,490 £ 230,000
3270510017 Various E EN FLAT A, 51 LENNOX RD N4 3JE 1 Bed Flat Assured 121.33 £ 68,110 £ 137,670 £ 200,000
3270510027 Various E EN FLAT B, 51 LENNOX RD N4 3JE 2 Bed Flat Starter Tenancy 123.02 £ 69,060 £ 137,670 £ 200,000
SPJ006001 Stapleton Hall Road FLAT A 6 STAPLETON HALL ROAD N4 3QD 2 Bed Flat Fair Rent 90.09 £ 47,000 £ 157,650 £ 260,000
SPJ006002 Stapleton Hall Road FLAT B 6 STAPLETON HALL ROAD N4 3QD 2 Bed Flat Starter Tenancy 106.45 £ 55,530 £ 157,650 £ 260,000
SPJ030001 Stapleton Hall Road FLAT A 30 STAPLETON HALL ROAD N4 3QE 1 Bed Flat Assured 93.51 £ 48,780 £ 127,410 £ 220,000
SPJ030002 Stapleton Hall Road FLAT B 30 STAPLETON HALL ROAD N4 3QE 4 Bed Flat Assured 122.31 £ 63,800 £ 213,610 £ 355,000
SPJ031001 Stapleton Hall Road FLAT A 31 STAPLETON HALL ROAD N4 3QE 1 Bed Flat Assured 89.21 £ 46,540 £ 127,410 £ 220,000
SPJ031002 Stapleton Hall Road FLAT B 31 STAPLETON HALL ROAD N4 3QE 3 Bed Flat Assured 106.88 £ 55,760 £ 185,830 £ 300,000
SPJ063001 Stapleton Hall Road FLAT A 63 STAPLETON HALL ROAD N4 3QF 1 Bed Flat Assured 94.57 £ 49,340 £ 127,410 £ 220,000
SPJ063002 Stapleton Hall Road FLAT B 63 STAPLETON HALL ROAD N4 3QF 1 Bed Flat Assured 90.20 £ 47,060 £ 127,410 £ 220,000
SPJ063003 Stapleton Hall Road FLAT C 63 STAPLETON HALL ROAD N4 3QF 2 Bed Flat Fair Rent 79.35 £ 41,400 £ 157,650 £ 260,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 20 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
SPJ065001 Stapleton Hall Road FLAT A 65 STAPLETON HALL ROAD N4 3QF 3 Bed Flat Fair Rent 98.68 £ 51,480 £ 190,320 £ 310,000
SPJ065002 Stapleton Hall Road FLAT B 65 STAPLETON HALL ROAD N4 3QF 2 Bed Maisonette Assured 111.77 £ 58,310 £ 157,650 £ 260,000
VCT021001 Victoria Road FLAT A 21 VICTORIA ROAD N4 3SH 1 Bed Flat Assured 94.42 £ 51,670 £ 143,890 £ 230,000
VCT021002 Victoria Road FLAT B 21 VICTORIA ROAD N4 3SH 1 Bed Flat Fair Rent 45.00 £ 24,630 £ 143,890 £ 230,000
VCT021003 Victoria Road FLAT C 21 VICTORIA ROAD N4 3SH 1 Bed Flat Assured 88.08 £ 48,200 £ 143,890 £ 230,000
VCT027001 Victoria Road FLAT A 27 VICTORIA ROAD N4 3SH 1 Bed Flat Assured 97.41 £ 53,310 £ 143,890 £ 230,000
VCT027002 Victoria Road FLAT B 27 VICTORIA ROAD N4 3SH 1 Bed Flat Assured 97.41 £ 53,310 £ 143,890 £ 230,000
VCT027003 Victoria Road FLAT C 27 VICTORIA ROAD N4 3SH 1 Bed Flat Fair Rent 68.54 £ 37,510 £ 143,890 £ 230,000
VCT047001 Victoria Road FLAT A 47 VICTORIA ROAD N4 3SJ 1 Bed Flat Fair Rent 74.52 £ 40,780 £ 143,890 £ 230,000
VCT047002 Victoria Road FLAT B 47 VICTORIA ROAD N4 3SJ 1 Bed Flat Assured Short Term 93.66 £ 51,250 £ 143,890 £ 230,000
VCT047003 Victoria Road FLAT C 47 VICTORIA ROAD N4 3SJ 1 Bed Flat Assured 73.76 £ 40,360 £ 143,890 £ 230,000
VCT061001 Victoria Road FLAT A 61 VICTORIA ROAD N4 3SN 1 Bed Flat Assured 97.41 £ 53,310 £ 143,890 £ 230,000
VCT061002 Victoria Road FLAT B 61 VICTORIA ROAD N4 3SN 2 Bed Flat Assured 114.50 £ 62,650 £ 165,750 £ 260,000
VCT061003 Victoria Road FLAT C 61 VICTORIA ROAD N4 3SN 2 Bed Flat Fair Rent 78.62 £ 43,020 £ 170,350 £ 270,000
FGO012001 Various Finsbury Park FLAT A 12 FLORENCE ROAD N4 4BU 1 Bed Flat Assured 79.63 £ 44,760 £ 141,490 £ 230,000
FGO012002 Various Finsbury Park FLAT B 12 FLORENCE ROAD N4 4BU 2 Bed Flat Fair Rent 84.92 £ 47,730 £ 168,450 £ 265,000
FGO012003 Various Finsbury Park FLAT C 12 FLORENCE ROAD N4 4BU 1 Bed Flat Assured 83.65 £ 47,020 £ 141,490 £ 230,000
VCY001001 Various E EN FLAT A 1 VICTORIA TERRACE N4 4DA 2 Bed Flat Fair Rent 93.87 £ 52,690 £ 162,980 £ 255,000
VCY001002 Various E EN FLAT B 1 VICTORIA TERRACE N4 4DA 2 Bed Flat Assured 98.39 £ 55,230 £ 159,100 £ 250,000
UBO051001 Various Finsbury Park FLAT A 51 UPPER TOLLINGTON PARK N4 4DD 1 Bed Flat Assured 97.41 £ 54,750 £ 141,490 £ 230,000
UBO051002 Various Finsbury Park FLAT B 51 UPPER TOLLINGTON PARK N4 4DD 1 Bed Flat Assured 88.39 £ 49,680 £ 141,490 £ 230,000
UBO051003 Various Finsbury Park FLAT C 51 UPPER TOLLINGTON PARK N4 4DD 1 Bed Flat Managed £ - £ - £ -
FGO043001 Various Finsbury Park FLAT A 43 FLORENCE ROAD N4 4DJ 2 Bed Flat Assured 96.87 £ 54,450 £ 161,830 £ 250,000
FGO043002 Various Finsbury Park FLAT B 43 FLORENCE ROAD N4 4DJ 1 Bed Flat Fair Rent 73.76 £ 41,460 £ 141,490 £ 230,000
FGO043003 Various Finsbury Park FLAT C 43 FLORENCE ROAD N4 4DJ 2 Bed Flat Assured 110.85 £ 62,300 £ 161,830 £ 250,000
FGO045000 Various Finsbury Park 45 FLORENCE ROAD N4 4DJ 6 Bed House Assured 147.23 £ 82,710 £ 290,670 £ 525,000
FGO053001 Various Finsbury Park FLAT A 53 FLORENCE ROAD N4 4DJ 1 Bed Flat Assured 87.21 £ 49,020 £ 141,490 £ 230,000
FGO053002 Various Finsbury Park FLAT B 53 FLORENCE ROAD N4 4DJ 1 Bed Flat Fair Rent 69.90 £ 39,290 £ 141,490 £ 230,000
FGO053003 Various Finsbury Park FLAT C 53 FLORENCE ROAD N4 4DJ 1 Bed Flat Fair Rent 69.90 £ 39,290 £ 141,490 £ 230,000
FGO055001 Various Finsbury Park FLAT A 55 FLORENCE ROAD N4 4DJ 1 Bed Flat Fair Rent 75.92 £ 42,670 £ 141,490 £ 230,000
FGO055002 Various Finsbury Park FLAT B 55 FLORENCE ROAD N4 4DJ 1 Bed Flat Assured 85.79 £ 48,220 £ 141,490 £ 230,000
FGO055003 Various Finsbury Park FLAT C 55 FLORENCE ROAD N4 4DJ 1 Bed Flat Assured 88.17 £ 49,560 £ 141,490 £ 230,000
FGO057001 Various Finsbury Park FLAT A 57 FLORENCE ROAD N4 4DJ 2 Bed Flat Fair Rent 84.65 £ 47,580 £ 168,450 £ 265,000
FGO057002 Various Finsbury Park FLAT B 57 FLORENCE ROAD N4 4DJ 2 Bed Flat Fair Rent 102.21 £ 57,450 £ 168,450 £ 265,000
FGO069001 Various Finsbury Park FLAT A 69 FLORENCE ROAD N4 4DJ 2 Bed Flat Assured 98.20 £ 55,190 £ 161,830 £ 250,000
FGO069002 Various Finsbury Park FLAT B 69 FLORENCE ROAD N4 4DJ 1 Bed Flat Assured 82.66 £ 46,460 £ 141,490 £ 230,000
FGO069003 Various Finsbury Park FLAT C 69 FLORENCE ROAD N4 4DJ 1 Bed Flat Starter Tenancy 90.84 £ 51,060 £ 141,490 £ 230,000
FGO085001 Various Finsbury Park FLAT A 85 FLORENCE ROAD N4 4DL 1 Bed Flat Fair Rent 71.84 £ 40,380 £ 141,490 £ 230,000
FGO085002 Various Finsbury Park FLAT B 85 FLORENCE ROAD N4 4DL 1 Bed Flat Assured 71.55 £ 40,220 £ 130,160 £ 200,000
FGO085003 Various Finsbury Park FLAT C 85 FLORENCE ROAD N4 4DL 1 Bed Flat Fair Rent 69.91 £ 39,290 £ 130,170 £ 200,000
FLO060000 Various Finsbury Park 60 FLORENCE ROAD N4 4DP 5 Bed House Assured 132.24 £ 74,330 £ 266,240 £ 485,000
FGO064001 Various Finsbury Park FLAT A 64 FLORENCE ROAD N4 4DP 1 Bed Flat Assured 88.16 £ 49,550 £ 141,490 £ 230,000
FGO064002 Various Finsbury Park FLAT B 64 FLORENCE ROAD N4 4DP 4 Bed Flat Assured 134.65 £ 75,680 £ 196,970 £ 325,000
FGO090001 Various Finsbury Park FLAT A 90 FLORENCE ROAD N4 4DR 1 Bed Flat Assured 77.60 £ 43,620 £ 141,490 £ 230,000
FGO090002 Various Finsbury Park FLAT B 90 FLORENCE ROAD N4 4DR 2 Bed Flat Fair Rent 75.24 £ 42,290 £ 168,450 £ 265,000
FCY047001 Various Finsbury Park FLAT A 47 FERME PARK ROAD N4 4EB 1 Bed Flat Assured 81.96 £ 46,070 £ 141,490 £ 230,000
FCY047002 Various Finsbury Park FLAT B 47 FERME PARK ROAD N4 4EB 1 Bed Flat Assured Protected 83.92 £ 47,170 £ 141,490 £ 230,000
FCY047003 Various Finsbury Park FLAT C 47 FERME PARK ROAD N4 4EB 3 Bed Flat Fair Rent 96.04 £ 53,980 £ 185,760 £ 295,000
FCY052001 Various Finsbury Park FLAT A 52 FERME PARK ROAD N4 4ED 2 Bed Flat Fair Rent 79.98 £ 44,950 £ 168,450 £ 265,000
FCY052002 Various Finsbury Park FLAT B 52 FERME PARK ROAD N4 4ED 2 Bed Flat Assured 105.26 £ 59,160 £ 168,450 £ 265,000
FCY052003 Various Finsbury Park FLAT C 52 FERME PARK ROAD N4 4ED 2 Bed Flat Fair Rent 83.64 £ 47,010 £ 168,450 £ 265,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 21 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
BKJ050001 Various E EN FLAT A 50 BLYTHWOOD ROAD N4 4EX 2 Bed Flat Assured 105.65 £ 59,310 £ 162,980 £ 255,000
BKJ050002 Various E EN FLAT B 50 BLYTHWOOD ROAD N4 4EX 2 Bed Flat Fair Rent 86.06 £ 48,310 £ 162,980 £ 255,000
MLY001001 Various E EN FLAT A 1 MOUNT PLEASANT VILLAS N4 4HH 2 Bed Flat Assured 101.55 £ 57,010 £ 162,980 £ 255,000
MLY003001 Various E EN FLAT A 3 MOUNT PLEASANT VILLAS N4 4HH 2 Bed Flat Assured 109.41 £ 61,420 £ 159,100 £ 250,000
MLY001002 Various E EN FLAT B 1 MOUNT PLEASANT VILLAS N4 4HH 1 Bed Flat Assured 91.87 £ 51,570 £ 150,940 £ 235,000
MLY003002 Various E EN FLAT B 3 MOUNT PLEASANT VILLAS N4 4HH 0 Bed Flat Assured 76.56 £ 42,980 £ 145,330 £ 230,000
MLY001000 Various E EN 1 MOUNT PLEASANT VILLAS N4 4HH 2 Bed Flat Fair Rent 65.43 £ 36,730 £ 159,100 £ 250,000
MLY003000 Various E EN 3 MOUNT PLEASANT VILLAS N4 4HH 2 Bed Flat Fair Rent 75.43 £ 42,340 £ 162,980 £ 255,000
GIO008001 Various E EN FLAT A 8 THE GROVE N4 4HJ 1 Bed Flat Assured 93.28 £ 52,360 £ 150,940 £ 235,000
GIO009001 Various E EN FLAT A 9 THE GROVE N4 4HJ 1 Bed Flat Assured 92.75 £ 52,070 £ 150,940 £ 235,000
GIO008002 Various E EN FLAT B 8 THE GROVE N4 4HJ 3 Bed Flat Fair Rent 97.01 £ 54,460 £ 185,850 £ 270,000
GIO009002 Various E EN FLAT B 9 THE GROVE N4 4HJ 1 Bed Flat Fair Rent 79.52 £ 44,640 £ 150,940 £ 235,000
GIO009003 Various E EN FLAT C 9 THE GROVE N4 4HJ 0 Bed Flat Assured 75.42 £ 42,340 £ 145,330 £ 230,000
MMJ135001 Mount View Road FLAT A 135 MOUNT VIEW ROAD N4 4JH 3 Bed Flat Fair Rent 85.86 £ 45,510 £ 150,390 £ 245,000
MMJ135002 Mount View Road FLAT B 135 MOUNT VIEW ROAD N4 4JH 1 Bed Flat Fair Rent 75.63 £ 40,090 £ 110,120 £ 175,000
MMJ135003 Mount View Road FLAT C 135 MOUNT VIEW ROAD N4 4JH 1 Bed Flat Assured 79.06 £ 41,910 £ 104,710 £ 165,000
MMJ094001 Mount View Road FLAT A 94 MOUNT VIEW ROAD N4 4JX 2 Bed Flat Fair Rent 72.05 £ 38,190 £ 124,650 £ 200,000
MMJ094002 Mount View Road FLAT B 94 MOUNT VIEW ROAD N4 4JX 2 Bed Flat Assured 96.80 £ 51,310 £ 124,650 £ 200,000
MMJ094003 Mount View Road FLAT C 94 MOUNT VIEW ROAD N4 4JX 1 Bed Flat Fair Rent 70.06 £ 37,150 £ 110,120 £ 175,000
OAE058001 Various E EN FLAT A 58 OAKFIELD ROAD N4 4LB 1 Bed Flat Fair Rent 65.09 £ 36,540 £ 150,940 £ 235,000
OAE058002 Various E EN FLAT B 58 OAKFIELD ROAD N4 4LB 2 Bed Flat Assured 97.83 £ 54,920 £ 162,980 £ 255,000
OAE058000 Various E EN 58 OAKFIELD ROAD N4 4LB 2 Bed Flat Fair Rent 88.63 £ 49,750 £ 159,100 £ 250,000
SFO010001 Various E EN FLAT A 10 SCARBOROUGH ROAD N4 4LT 2 Bed Flat Fair Rent 75.42 £ 42,340 £ 159,100 £ 250,000
SFO010002 Various E EN FLAT B 10 SCARBOROUGH ROAD N4 4LT 1 Bed Flat Assured 94.50 £ 53,050 £ 150,940 £ 235,000
SFO010003 Various E EN FLAT C 10 SCARBOROUGH ROAD N4 4LT 0 Bed Flat Assured 71.53 £ 40,150 £ 145,330 £ 230,000
OAE010001 Various E EN FLAT A 10 OAKFIELD ROAD N4 4NL 3 Bed Flat Fair Rent 103.82 £ 58,280 £ 185,850 £ 270,000
OAE010002 Various E EN FLAT B 10 OAKFIELD ROAD N4 4NL 2 Bed Flat Assured 114.50 £ 64,280 £ 159,100 £ 250,000
OAE010003 Various E EN FLAT C 10 OAKFIELD ROAD N4 4NL 1 Bed Flat Fair Rent 63.28 £ 35,560 £ 145,330 £ 230,000
CQT023001 Cornwall and Connaught FLAT A 23 CONNAUGHT ROAD N4 4NT 1 Bed Flat Assured 94.57 £ 50,320 £ 111,290 £ 175,000
CQT023002 Cornwall and Connaught FLAT B 23 CONNAUGHT ROAD N4 4NT 1 Bed Flat Assured 100.35 £ 53,390 £ 111,290 £ 175,000
CQT023003 Cornwall and Connaught FLAT C 23 CONNAUGHT ROAD N4 4NT 1 Bed Flat Assured 94.57 £ 50,320 £ 111,290 £ 175,000
CQT025001 Cornwall and Connaught FLAT A 25 CONNAUGHT ROAD N4 4NT 1 Bed Flat Assured 93.94 £ 49,990 £ 111,290 £ 175,000
CQT025002 Cornwall and Connaught FLAT B 25 CONNAUGHT ROAD N4 4NT 1 Bed Flat Fair Rent 78.06 £ 41,540 £ 111,290 £ 175,000
CQT025003 Cornwall and Connaught FLAT C 25 CONNAUGHT ROAD N4 4NT 1 Bed Flat Fair Rent 78.06 £ 41,540 £ 111,290 £ 175,000
CQT009001 Cornwall and Connaught FLAT A 9 CONNAUGHT ROAD N4 4NT 2 Bed Flat Fair Rent 73.34 £ 39,020 £ 125,950 £ 200,000
CQT009002 Cornwall and Connaught FLAT B 9 CONNAUGHT ROAD N4 4NT 1 Bed Flat Fair Rent 61.86 £ 32,920 £ 111,290 £ 175,000
CQT009003 Cornwall and Connaught FLAT C 9 CONNAUGHT ROAD N4 4NT 1 Bed Flat Assured 83.86 £ 44,620 £ 111,290 £ 175,000
DAE019001 Various E EN FLAT A 19 DAGMAR ROAD N4 4NY 1 Bed Flat Assured 87.12 £ 48,910 £ 150,940 £ 235,000
DAE019002 Various E EN FLAT B 19 DAGMAR ROAD N4 4NY 2 Bed Flat Assured 100.32 £ 56,320 £ 162,980 £ 255,000
DAE010001 Various E EN FLAT A 10 DAGMAR ROAD N4 4PB 1 Bed Flat Assured 87.28 £ 49,000 £ 150,940 £ 235,000
DAE010002 Various E EN FLAT B 10 DAGMAR ROAD N4 4PB 2 Bed Flat Assured 109.41 £ 61,420 £ 162,980 £ 255,000
CRE010000 Cornwall and Connaught 10 CORNWALL ROAD N4 4PH 1 Bed Flat Assured 94.59 £ 50,330 £ 111,290 £ 175,000
CRE010001 Cornwall and Connaught FLAT A 10 CORNWALL ROAD N4 4PH 0 Bed Flat Assured 76.56 £ 40,740 £ 103,410 £ 155,000
CRE010002 Cornwall and Connaught FLAT B 10 CORNWALL ROAD N4 4PH 1 Bed Flat Assured 100.35 £ 53,390 £ 111,290 £ 175,000
CRE011001 Cornwall and Connaught FLAT A 11 CORNWALL ROAD N4 4PH 1 Bed Flat Assured 88.61 £ 47,150 £ 111,290 £ 175,000
CRE011002 Cornwall and Connaught FLAT B 11 CORNWALL ROAD N4 4PH 1 Bed Flat Assured 100.35 £ 53,390 £ 111,290 £ 175,000
CRE011003 Cornwall and Connaught FLAT C 11 CORNWALL ROAD N4 4PH 1 Bed Flat Fair Rent 67.01 £ 35,660 £ 111,290 £ 175,000
CRE026001 Cornwall and Connaught FLAT A 26 CORNWALL ROAD N4 4PH 1 Bed Flat Assured 100.35 £ 53,400 £ 111,290 £ 175,000
CRE026002 Cornwall and Connaught FLAT B 26 CORNWALL ROAD N4 4PH 1 Bed Flat Assured 100.35 £ 53,400 £ 111,290 £ 175,000
CRE026003 Cornwall and Connaught FLAT C 26 CORNWALL ROAD N4 4PH 1 Bed Flat Assured 91.87 £ 48,880 £ 111,290 £ 175,000
QBE037001 Various E EN FLAT A 37 QUERNMORE ROAD N4 4QT 2 Bed Flat Fair Rent 87.92 £ 49,350 £ 159,100 £ 250,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 22 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
QBE037002 Various E EN FLAT B 37 QUERNMORE ROAD N4 4QT 0 Bed Flat Assured 71.53 £ 40,150 £ 145,330 £ 230,000
QBE037000 Various E EN GROUND FLOOR 37 QUERNMORE ROAD N4 4QT 1 Bed Flat Fair Rent 81.92 £ 45,990 £ 150,940 £ 235,000
ACE014001 Various E EN FLAT A 14 ALBANY ROAD N4 4RJ 3 Bed Flat Assured 124.57 £ 69,930 £ 185,850 £ 270,000
ACE014002 Various E EN FLAT B 14 ALBANY ROAD N4 4RJ 1 Bed Flat Assured 94.92 £ 53,280 £ 150,940 £ 235,000
MMJ033000 Mount View Road GROUND FLOOR FLAT 33 MOUNT VIEW ROAD N4 4SS 1 Bed Flat Assured 100.35 £ 53,190 £ 110,120 £ 175,000
MMJ033001 Mount View Road FLAT A 33 MOUNT VIEW ROAD N4 4SS 1 Bed Flat Assured Protected 94.76 £ 50,230 £ 110,120 £ 175,000
MMJ033002 Mount View Road FLAT B 33 MOUNT VIEW ROAD N4 4SS 1 Bed Flat Assured 89.46 £ 47,420 £ 110,120 £ 175,000
2720230015 Various E EN FLAT A, 23 DRAYTON PARK N5 1NT 1 Bed Flat Secured Tenancy 75.22 £ 42,230 £ 150,940 £ 235,000
2720230025 Various E EN FLAT B, 23 DRAYTON PARK N5 1NT 1 Bed Flat Assured 97.58 £ 54,780 £ 150,940 £ 235,000
2720230035 Various E EN FLAT C, 23 DRAYTON PARK N5 1NT 1 Bed Flat Assured 97.58 £ 54,780 £ 150,940 £ 235,000
2720230045 Various E EN FLAT D, 23 DRAYTON PARK N5 1NT 2 Bed Flat Assured 76.35 £ 42,860 £ 155,660 £ 245,000
640590028 Various E EN 59B WITHERINGTON ROAD N5 1PN 1 Bed Flat Assured 97.11 £ 54,510 £ 150,940 £ 235,000
640590018 Various E EN 59A WITHERINGTON ROAD N5 1PN 2 Bed Flat Starter Tenancy 98.42 £ 55,250 £ 159,100 £ 250,000
640590038 Various E EN 59C WITHERINGTON ROAD N5 1PN 1 Bed Flat Assured 83.08 £ 46,640 £ 150,940 £ 235,000
7790000016 Bryett Road 1 BRYETT ROAD N7 6FE 2 Bed Flat Assured 104.36 £ 64,630 £ 163,890 £ 260,000
7790000026 Bryett Road 2 BRYETT ROAD N7 6FE 1 Bed Flat Assured 93.87 £ 58,130 £ 132,060 £ 220,000
7790000036 Bryett Road 3 BRYETT ROAD N7 6FE 2 Bed Flat Assured 104.36 £ 64,630 £ 163,890 £ 260,000
7790000046 Bryett Road 4 BRYETT ROAD N7 6FE 1 Bed Flat Assured 93.87 £ 58,130 £ 132,060 £ 220,000
7790000056 Bryett Road 5 BRYETT ROAD N7 6FE 2 Bed Flat Assured 104.36 £ 64,630 £ 163,890 £ 260,000
7790000066 Bryett Road 6 BRYETT ROAD N7 6FE 1 Bed Flat Long Lease 0.00 £ - £ - £ -
7790000076 Bryett Road 7 BRYETT ROAD N7 6FE 1 Bed Flat Assured 93.87 £ 58,140 £ 132,060 £ 220,000
7790000086 Bryett Road 8 BRYETT ROAD N7 6FE 2 Bed Flat Starter Tenancy 123.02 £ 76,190 £ 163,890 £ 260,000
7790000096 Bryett Road 9 BRYETT ROAD N7 6FE 1 Bed Flat Assured 93.87 £ 58,130 £ 132,060 £ 220,000
7790000106 Bryett Road 10 BRYETT ROAD N7 6FE 2 Bed Flat Assured 104.36 £ 64,630 £ 163,890 £ 260,000
7790000116 Bryett Road 11 BRYETT ROAD N7 6FE 1 Bed Flat Assured 93.87 £ 58,130 £ 132,060 £ 220,000
7790000126 Bryett Road 12 BRYETT ROAD N7 6FE 2 Bed Flat Assured 104.36 £ 64,630 £ 150,250 £ 240,000
PIY112001 Various E EN FLAT A 112 PRIORY ROAD N8 7HP 2 Bed Flat Fair Rent 89.18 £ 50,060 £ 168,150 £ 260,000
PIY112002 Various E EN FLAT B 112 PRIORY ROAD N8 7HP 2 Bed Flat Fair Rent 80.50 £ 45,190 £ 168,150 £ 260,000
PIY112003 Various E EN FLAT C 112 PRIORY ROAD N8 7HP 2 Bed Flat Assured 113.24 £ 63,570 £ 177,690 £ 255,000
DEY031000 Saxon Chase 31 SAXON CHASE N8 9EQ 3 Bed House Assured 119.01 £ 81,310 £ 222,070 £ 360,000
DEY032000 Saxon Chase 32 SAXON CHASE N8 9EQ 3 Bed House Assured 119.01 £ 81,310 £ 222,070 £ 360,000
DEY033000 Saxon Chase 33 SAXON CHASE N8 9EQ 3 Bed House Assured 119.01 £ 81,310 £ 222,070 £ 360,000
DEY034000 Saxon Chase 34 SAXON CHASE N8 9EQ 3 Bed House Assured 119.01 £ 81,310 £ 222,080 £ 360,000
DEY035000 Saxon Chase 35 SAXON CHASE N8 9EQ 3 Bed House Assured 119.01 £ 81,310 £ 222,080 £ 360,000
DEY036000 Saxon Chase 36 SAXON CHASE N8 9EQ 3 Bed House Assured 119.01 £ 81,310 £ 222,080 £ 360,000
DEY037000 Saxon Chase 37 SAXON CHASE N8 9EQ 4 Bed House Assured 125.27 £ 85,590 £ 255,300 £ 425,000
DEY300030 Saxon Chase 30 Saxon Chase Dickenson Road N8 9EQ 4 Bed House Assured 125.27 £ 85,590 £ 255,300 £ 425,000
DEY100001 Saxon Chase FLAT 1 SAXON CHASE N8 9EQ 2 Bed Flat Assured 112.74 £ 77,020 £ 180,250 £ 280,000
DEY100002 Saxon Chase FLAT 2 SAXON CHASE N8 9EQ 1 Bed Flat Assured 94.94 £ 64,870 £ 147,770 £ 245,000
DEY100003 Saxon Chase FLAT 3 SAXON CHASE N8 9EQ 3 Bed Flat Assured 119.01 £ 81,310 £ 203,370 £ 315,000
DEY100004 Saxon Chase FLAT 4 SAXON CHASE N8 9EQ 3 Bed Flat Shared Ownership 548.47 £ - £ - £ -
DEY100005 Saxon Chase FLAT 5 SAXON CHASE N8 9EQ 1 Bed Flat Shared Ownership 347.36 £ - £ - £ -
DEY100006 Saxon Chase FLAT 6 SAXON CHASE N8 9EQ 2 Bed Flat Shared Ownership 509.34 £ - £ - £ -
DEY100007 Saxon Chase FLAT 7 SAXON CHASE N8 9EQ 2 Bed Flat Shared Ownership 517.18 £ - £ - £ -
DEY100008 Saxon Chase FLAT 8 SAXON CHASE N8 9EQ 1 Bed Flat Shared Ownership 383.93 £ - £ - £ -
DEY100009 Saxon Chase FLAT 9 SAXON CHASE N8 9EQ 2 Bed Flat Shared Ownership 525.03 £ - £ - £ -
DEY100010 Saxon Chase FLAT 10 SAXON CHASE N8 9EQ 1 Bed Flat Shared Ownership 391.78 £ - £ - £ -
DEY100011 Saxon Chase FLAT 11 SAXON CHASE N8 9EQ 2 Bed Flat Shared Ownership 457.47 £ - £ - £ -
DEY200012 Saxon Chase FLAT 12 SAXON CHASE N8 9EQ 1 Bed Flat Long Lease 0.00 £ - £ - £ -
DEY200013 Saxon Chase FLAT 13 SAXON CHASE N8 9EQ 1 Bed Flat Long Lease 0.00 £ - £ - £ -
DEY200014 Saxon Chase FLAT 14 SAXON CHASE N8 9EQ 1 Bed Flat Long Lease 0.00 £ - £ - £ -
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 23 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
DEY200015 Saxon Chase FLAT 15 SAXON CHASE N8 9EQ 1 Bed Flat Long Lease 0.00 £ - £ - £ -
DEY200016 Saxon Chase FLAT 16 SAXON CHASE N8 9EQ 1 Bed Flat Long Lease 0.00 £ - £ - £ -
DEY200017 Saxon Chase FLAT 17 SAXON CHASE N8 9EQ 1 Bed Flat Long Lease 0.00 £ - £ - £ -
DEY300018 Saxon Chase FLAT 18 SAXON CHASE N8 9EQ 2 Bed Flat Assured 112.74 £ 77,020 £ 180,250 £ 280,000
DEY300019 Saxon Chase FLAT 19 SAXON CHASE N8 9EQ 1 Bed Flat Assured 94.94 £ 64,860 £ 147,770 £ 245,000
DEY300020 Saxon Chase FLAT 20 SAXON CHASE N8 9EQ 3 Bed Flat Assured 119.01 £ 81,310 £ 203,370 £ 315,000
DEY300021 Saxon Chase FLAT 21 SAXON CHASE N8 9EQ 2 Bed Flat Assured 112.74 £ 77,020 £ 180,250 £ 280,000
DEY300022 Saxon Chase FLAT 22 SAXON CHASE N8 9EQ 1 Bed Flat Assured 94.94 £ 64,860 £ 147,770 £ 245,000
DEY300023 Saxon Chase FLAT 23 SAXON CHASE N8 9EQ 3 Bed Flat Assured 119.01 £ 81,310 £ 203,370 £ 315,000
DEY300024 Saxon Chase FLAT 24 SAXON CHASE N8 9EQ 2 Bed Flat Assured 112.74 £ 77,020 £ 180,250 £ 280,000
DEY300025 Saxon Chase FLAT 25 SAXON CHASE N8 9EQ 1 Bed Flat Assured 94.94 £ 64,860 £ 147,770 £ 245,000
DEY300026 Saxon Chase FLAT 26 SAXON CHASE N8 9EQ 3 Bed Flat Assured 119.01 £ 81,310 £ 203,370 £ 315,000
DEY300027 Saxon Chase FLAT 27 SAXON CHASE N8 9EQ 2 Bed Flat Assured 112.74 £ 77,020 £ 180,250 £ 280,000
DEY300028 Saxon Chase FLAT 28 SAXON CHASE N8 9EQ 1 Bed Flat Assured 94.94 £ 64,860 £ 147,770 £ 245,000
DEY300029 Saxon Chase FLAT 29 SAXON CHASE N8 9EQ 3 Bed Flat Assured 119.01 £ 81,310 £ 203,370 £ 315,000
RBY011300 Various E EN 113 RATHCOOLE GARDENS N8 9PH 5 Bed House Assured 141.27 £ 79,300 £ 417,120 £ 650,000
HUU054000 Various E EN 54 HUDSON WAY N9 0XG 3 Bed House Assured 136.54 £ 76,650 £ 166,480 £ 245,000
PNT033000 Various E EN 33 PENTLAND CLOSE N9 0XN 3 Bed House Assured 131.65 £ 73,900 £ 174,250 £ 250,000
SNS105000 Various E EN 105 SANDHURST ROAD N9 8BB 3 Bed House Assured 131.65 £ 73,900 £ 165,210 £ 240,000
SNS173000 Various E EN 173 SANDHURST ROAD N9 8BB 3 Bed House Assured 131.65 £ 73,900 £ 165,210 £ 240,000
SNS102000 Various E EN 102 SANDHURST ROAD N9 8BH 3 Bed House Assured 131.65 £ 73,900 £ 165,210 £ 240,000
CUC172000 Various E EN 172 CUCKOO HALL LANE N9 8DU 3 Bed HouseShort Term Assured
Tenancy 133.75 £ 75,080 £ 165,210 £ 240,000
CHL144000 Various E EN 144 CHARLTON ROAD N9 8EX 3 Bed House Protected Assured 123.02 £ 69,060 £ 158,320 £ 230,000
CHL152000 Various E EN 152 CHARLTON ROAD N9 8EX 3 Bed House Assured 131.65 £ 73,900 £ 158,320 £ 230,000
SYA060000 Various E EN 60 ST MARYS ROAD N9 8NT 3 Bed House Assured 125.98 £ 70,720 £ 158,320 £ 230,000
BOJ010000 Various E EN 10 BRIERLEY AVENUE N9 8PR 2 Bed House Assured 112.41 £ 63,100 £ 141,070 £ 215,000
TIM072000 Various E EN 72 TILLOTSON ROAD N9 9AG 3 Bed House Assured 131.65 £ 73,900 £ 158,320 £ 230,000
TIM081000 Various E EN 81 TILLOTSON ROAD N9 9AQ 3 Bed HouseShort Term Assured
Tenancy 131.65 £ 73,900 £ 158,320 £ 230,000
LIN033000 Various E EN 33 LION ROAD N9 9DN 3 Bed House Assured 129.17 £ 72,510 £ 158,320 £ 230,000
CHI024000 Various E EN 24 CHICHESTER ROAD N9 9DQ 3 Bed House Assured 131.90 £ 74,040 £ 158,320 £ 230,000
NTH095000 Various E EN 95 NORTHERN AVENUE N9 9RL 3 Bed House Assured 128.08 £ 71,900 £ 158,320 £ 230,000
HAA267000 Various E EN 267 HASELBURY ROAD N9 9TL 3 Bed House Assured 129.17 £ 72,510 £ 158,320 £ 230,000
PYG003000 Various E EN 3 PERRY GARDENS N9 9UT 3 Bed House Assured 131.65 £ 73,900 £ 158,320 £ 230,000
4700010014 Kelly Close 1 KELLY CLOSE BRAEMAR AVENUE NW10 0EF 4 Bed House Assured 143.52 £ 82,500 £ 216,660 £ 350,000
4700020011 Kelly Close 2 KELLY CLOSE BRAEMAR AVENUE NW10 0EF 4 Bed House Assured 143.52 £ 82,500 £ 216,660 £ 350,000
4700030019 Kelly Close 3 KELLY CLOSE BRAEMAR AVENUE NW10 0EF 4 Bed House Assured 143.52 £ 82,500 £ 216,670 £ 350,000
4700040016 Kelly Close 4 KELLY CLOSE BRAEMAR AVENUE NW10 0EF 4 Bed House Assured 143.52 £ 82,500 £ 216,670 £ 350,000
4700050013 Kelly Close 5 KELLY CLOSE BRAEMAR AVENUE NW10 0EF 4 Bed House Assured 143.52 £ 82,500 £ 216,670 £ 350,000
4700060010 Kelly Close 6 KELLY CLOSE BRAEMAR AVENUE NW10 0EF 4 Bed House Assured 143.52 £ 82,500 £ 216,670 £ 350,000
2630740015 Various HA NW UB W WC FLAT A 74 BURNS ROAD NW10 4DY 1 Bed Flat Assured 93.86 £ 52,750 £ 128,370 £ 195,000
2630740025 Various HA NW UB W WC FLAT B 74 BURNS ROAD NW10 4DY 1 Bed Flat Assured 94.83 £ 53,300 £ 128,370 £ 195,000
2800220012 Various HA NW UB W WC FLAT A, 22 RADCLIFFE AVENUE NW10 5XS 2 Bed FlatShort Term Assured
Tenancy 94.38 £ 53,050 £ 182,170 £ 277,500
2800220022 Various HA NW UB W WC FLAT B, 22 RADCLIFFE AVENUE NW10 5XS 2 Bed Flat Secured Tenancy 88.94 £ 49,990 £ 185,630 £ 282,500
3241180014 Various HA NW UB W WC FLAT 1 118 PALERMO ROAD BRENT NW10 5YN 1 Bed Flat Assured 100.00 £ 56,210 £ 142,220 £ 215,000
3241180024 Various HA NW UB W WC FLAT 2 118 PALERMO ROAD NW10 5YN 1 Bed Flat Assured 100.00 £ 56,210 £ 142,220 £ 215,000
2410410018 Various HA NW UB W WC FLAT A, 41 HARLEY ROAD NW10 8BA 1 Bed Flat Assured 100.00 £ 56,210 £ 126,860 £ 192,500
2410470011 Various HA NW UB W WC FLAT A, 47 HARLEY ROAD NW10 8BA 1 Bed Flat Assured 100.00 £ 56,210 £ 126,860 £ 192,500
2410410028 Various HA NW UB W WC FLAT B, 41 HARLEY ROAD NW10 8BA 2 Bed Flat Assured 116.46 £ 65,460 £ 138,760 £ 210,000
2410470021 Various HA NW UB W WC FLAT B, 47 HARLEY ROAD NW10 8BA 2 Bed Flat Assured 115.42 £ 64,870 £ 138,760 £ 210,000
322018002A Various HA NW UB W WC FLAT A, 18 MORDAUNT ROAD NW10 8NU 1 Bed Flat Assured 100.00 £ 56,210 £ 108,840 £ 170,000
322018003A Various HA NW UB W WC FLAT B, 18 MORDAUNT ROAD NW10 8NU 1 Bed Flat Assured 100.00 £ 56,210 £ 108,840 £ 170,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 24 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
3230570012 Various HA NW UB W WC 57 MILTON AVENUE NW10 8PL 3 Bed House Assured 122.92 £ 69,090 £ 159,250 £ 230,000
3230050016 Various HA NW UB W WC FLAT A 5 MILTON AVENUE NW10 8PL 1 Bed Flat Assured 100.00 £ 56,210 £ 108,840 £ 170,000
3230050026 Various HA NW UB W WC FLAT B 5 MILTON AVENUE NW10 8PL 1 Bed Flat Assured 96.04 £ 53,980 £ 108,840 £ 170,000
620170019 Various HA NW UB W WC FLAT A, 17 CASSELDEN ROAD NW10 8QR 2 Bed Flat Assured 114.47 £ 64,340 £ 126,050 £ 187,500
620170029 Various HA NW UB W WC FLAT B, 17 CASSELDEN ROAD NW10 8QR 2 Bed Flat Secured Tenancy 87.52 £ 49,190 £ 126,050 £ 187,500
320240012 Various HA NW UB W WC FLAT A, 24 BRUCE ROAD NW10 8QS 2 Bed Flat Assured 113.43 £ 63,750 £ 126,050 £ 187,500
320240022 Various HA NW UB W WC FLAT B, 24 BRUCE ROAD NW10 8QS 3 Bed Flat Secured Tenancy 87.19 £ 49,010 £ 135,290 £ 205,000
3990100009 Selwyn Road 10 SELWYN ROAD NW10 8QY 3 Bed House Assured 127.89 £ 71,740 £ 192,980 £ 290,000
3990240014 Selwyn Road 24 SELWYN ROAD NW10 8QY 3 Bed House Assured 132.55 £ 74,340 £ 192,980 £ 290,000
3990260019 Selwyn Road 26 SELWYN ROAD NW10 8QY 3 Bed Flat Secured 129.05 £ 72,390 £ 145,170 £ 250,000
3990260029 Selwyn Road 26A SELWYN ROAD NW10 8QY 1 Bed Flat Assured 118.61 £ 66,530 £ 98,870 £ 165,000
4160530016 Various HA NW UB W WC FLAT 1 53 CRAVEN PARK BRENT NW10 8SR 1 Bed Flat Assured 92.89 £ 52,210 £ 100,240 £ 155,000
4160530026 Various HA NW UB W WC FLAT 2 53 CRAVEN PARK NW10 8SR 1 Bed Flat Assured 92.89 £ 52,210 £ 100,240 £ 155,000
4160530036 Various HA NW UB W WC FLAT 3 53 CRAVEN PARK NW10 8SR 1 Bed Flat Assured 95.01 £ 53,400 £ 100,240 £ 155,000
4160530046 Various HA NW UB W WC FLAT 4 53 CRAVEN PARK NW10 8SR 1 Bed Flat Assured 91.55 £ 51,460 £ 100,240 £ 155,000
300110015 Various HA NW UB W WC FLAT A, 11 PARK ROAD NW10 8TB 1 Bed Flat Assured 98.97 £ 55,630 £ 119,230 £ 185,000
300110025 Various HA NW UB W WC FLAT B, 11 PARK ROAD NW10 8TB 1 Bed Flat Assured 96.87 £ 54,450 £ 119,230 £ 185,000
300110035 Various HA NW UB W WC FLAT C, 11 PARK ROAD NW10 8TB 1 Bed Flat Secured Tenancy 79.01 £ 44,410 £ 119,230 £ 185,000
300110045 Various HA NW UB W WC FLAT D, 11 PARK ROAD NW10 8TB 1 Bed Flat Assured 97.47 £ 54,780 £ 119,230 £ 185,000
280230019 Various HA NW UB W WC FLAT A, 23 ESSEX ROAD NW10 9PG 1 Bed Flat Assured 99.16 £ 55,730 £ 138,480 £ 200,000
280230029 Various HA NW UB W WC FLAT B, 23 ESSEX ROAD NW10 9PG 1 Bed Flat Assured 84.54 £ 47,520 £ 138,480 £ 200,000
280230039 Various HA NW UB W WC FLAT C, 23 ESSEX ROAD NW10 9PG 2 Bed Flat Assured 113.41 £ 63,740 £ 143,460 £ 220,000
280230049 Various HA NW UB W WC FLAT D, 23 ESSEX ROAD NW10 9PG 1 Bed Flat Assured 96.87 £ 54,450 £ 138,480 £ 200,000
631001000A Norfolk Road 1 NORFOLK ROAD NW10 9QB 3 Bed House Assured 127.89 £ 70,840 £ 196,250 £ 300,000
6310020007 Norfolk Road 2 NORFOLK ROAD NW10 9QB 3 Bed House Assured 126.95 £ 70,320 £ 196,250 £ 300,000
6310030004 Norfolk Road 3 NORFOLK ROAD NW10 9QB 3 Bed House Assured 127.89 £ 70,840 £ 196,250 £ 300,000
6310030014 Norfolk Road 3A NORFOLK ROAD NW10 9QB 3 Bed House Assured 122.77 £ 68,000 £ 196,250 £ 300,000
432690013 Various HA NW UB W WC FLAT A, 269 CHAPTER ROAD NW2 5LU 1 Bed Flat Assured 94.51 £ 53,120 £ 181,270 £ 265,000
432690023 Various HA NW UB W WC FLAT B, 269 CHAPTER ROAD NW2 5LU 2 Bed Flat Assured 103.83 £ 58,360 £ 193,250 £ 277,500
BDC003000 Various HA NW UB W WC 3 BROADFIELD CLOSE NW2 6NR 3 Bed House Assured 135.65 £ 76,240 £ 202,730 £ 280,000
1144001000 Field Close 1 FIELD CLOSE OFF SHEPHERDS WALK NW2 7BS 3 Bed House Assured 134.63 £ 75,900 £ 197,500 £ 325,000
1144002000 Field Close 2 FIELD CLOSE OFF SHEPHERDS WALK NW2 7BS 3 Bed House Assured 134.63 £ 75,900 £ 197,500 £ 325,000
1144003000 Field Close 3 FIELD CLOSE OFF SHEPHERDS WALK NW2 7BS 3 Bed House Assured 128.22 £ 72,300 £ 197,500 £ 325,000
1144004000 Field Close 4 FIELD CLOSE OFF SHEPHERDS WALK NW2 7BS 3 Bed House Assured 134.63 £ 75,900 £ 197,500 £ 325,000
11480010000 Various CM CO GU ME RG SL SS 1 LITTLE STREET RG1 7PB 2 Bed House Assured 99.55 £ 52,730 £ 104,680 £ 170,000
WCJ047010 Wayland Close 1 GREENWOOD 47 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured 85.99 £ 48,180 £ 79,140 £ 115,000
WCJ047020 Wayland Close 2 GREENWOOD 47 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ047030 Wayland Close 3 GREENWOOD 47 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured 84.51 £ 47,350 £ 79,140 £ 115,000
WCJ047040 Wayland Close 4 GREENWOOD 47 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ047050 Wayland Close 5 GREENWOOD 47 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ047060 Wayland Close 6 GREENWOOD 47 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ047070 Wayland Close 7 GREENWOOD 47 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ047080 Wayland Close 8 GREENWOOD 47 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured 83.21 £ 46,620 £ 79,140 £ 115,000
WCJ047090 Wayland Close 9 GREENWOOD 47 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured 85.99 £ 48,180 £ 79,140 £ 115,000
WCJ047100 Wayland Close 10 GREENWOOD 47 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured 81.79 £ 45,830 £ 79,140 £ 115,000
WCJ047110 Wayland Close 11 GREENWOOD 47 WAYLAND CLOSE RG12 9LA 2 Bed Flat Starter Tenancy 91.22 £ 51,110 £ 85,050 £ 130,000
WCJ047120 Wayland Close 12 GREENWOOD 47 WAYLAND CLOSE RG12 9LA 2 Bed Flat Assured 97.69 £ 54,740 £ 85,050 £ 130,000
WCJ047130 Wayland Close 13 GREENWOOD 47 WAYLAND CLOSE RG12 9LA 2 Bed Flat Assured 96.85 £ 54,270 £ 85,050 £ 130,000
WCJ047140 Wayland Close 14 GREENWOOD 47 WAYLAND CLOSE RG12 9LA 0 Bed Flat Assured 67.60 £ 37,880 £ 70,970 £ 97,500
WCJ047150 Wayland Close 15 GREENWOOD 47 WAYLAND CLOSE RG12 9LA 2 Bed Flat Starter Tenancy 95.78 £ 53,670 £ 85,050 £ 130,000
WCJ047160 Wayland Close 16 GREENWOOD 47 WAYLAND CLOSE RG12 9LA 2 Bed Flat Assured 97.83 £ 54,820 £ 85,050 £ 130,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 25 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
WCJ049010 Wayland Close 1 LARCHWOOD 49 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ049020 Wayland Close 2 LARCHWOOD 49 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ049030 Wayland Close 3 LARCHWOOD 49 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured 83.21 £ 46,620 £ 79,140 £ 115,000
WCJ049040 Wayland Close 4 LARCHWOOD 49 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured 83.81 £ 46,960 £ 79,140 £ 115,000
WCJ049050 Wayland Close 5 LARCHWOOD 49 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured 83.81 £ 46,960 £ 79,140 £ 115,000
WCJ049060 Wayland Close 6 LARCHWOOD 49 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ049070 Wayland Close 7 LARCHWOOD 49 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ049080 Wayland Close 8 LARCHWOOD 49 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ049090 Wayland Close 9 LARCHWOOD 49 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured 76.58 £ 42,910 £ 79,140 £ 115,000
WCJ049100 Wayland Close 10 LARCHWOOD 49 WAYLAND CLOSE RG12 9LA 1 Bed Flat Starter Tenancy 80.49 £ 45,100 £ 79,140 £ 115,000
WCJ049110 Wayland Close 11 LARCHWOOD 49 WAYLAND CLOSE RG12 9LA 2 Bed Flat Caretaker 0.00 £ - £ - £ -
WCJ049120 Wayland Close 12 LARCHWOOD 49 WAYLAND CLOSE RG12 9LA 2 Bed Flat Assured 95.78 £ 53,670 £ 85,050 £ 130,000
WCJ049130 Wayland Close 13 LARCHWOOD 49 WAYLAND CLOSE RG12 9LA 2 Bed Flat Starter Tenancy 91.22 £ 51,110 £ 85,050 £ 130,000
WCJ049140 Wayland Close 14 LARCHWOOD 49 WAYLAND CLOSE RG12 9LA 0 Bed Flat Assured 69.67 £ 39,040 £ 70,970 £ 97,500
WCJ049150 Wayland Close 15 LARCHWOOD 49 WAYLAND CLOSE RG12 9LA 2 Bed Flat Assured 96.79 £ 54,230 £ 85,050 £ 130,000
WCJ049160 Wayland Close 16 LARCHWOOD 49 WAYLAND CLOSE RG12 9LA 2 Bed Flat Assured 97.83 £ 54,820 £ 85,050 £ 130,000
WCJ051003 Wayland Close 3 THE FIRS 51 WAYLAND CLOSE RG12 9LA 0 Bed Flat Starter Tenancy 65.97 £ 36,960 £ 70,970 £ 97,500
WCJ051010 Wayland Close 1 THE FIRS 51 WAYLAND CLOSE RG12 9LA 1 Bed Flat Starter Tenancy 84.95 £ 47,600 £ 79,140 £ 115,000
WCJ051020 Wayland Close 2 THE FIRS 51 WAYLAND CLOSE RG12 9LA 0 Bed Flat Starter Tenancy 65.97 £ 36,960 £ 70,970 £ 97,500
WCJ051040 Wayland Close 4 THE FIRS 51 WAYLAND CLOSE RG12 9LA 1 Bed Flat Starter Tenancy 80.49 £ 45,100 £ 79,140 £ 115,000
WCJ051050 Wayland Close 5 THE FIRS 51 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured Short Term 84.51 £ 47,350 £ 79,140 £ 115,000
WCJ051060 Wayland Close 6 THE FIRS 51 WAYLAND CLOSE RG12 9LA 1 Bed Studio Flat Assured 71.77 £ 40,210 £ 75,060 £ 105,000
WCJ051070 Wayland Close 7 THE FIRS 51 WAYLAND CLOSE RG12 9LA 1 Bed Studio Flat Starter Tenancy 65.02 £ 36,430 £ 75,060 £ 105,000
WCJ051080 Wayland Close 8 THE FIRS 51 WAYLAND CLOSE RG12 9LA 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ051090 Wayland Close 9 THE FIRS 51 WAYLAND CLOSE RG12 9LA 2 Bed Flat Assured 98.37 £ 55,120 £ 85,050 £ 130,000
WCJ051100 Wayland Close 10 THE FIRS 51 WAYLAND CLOSE RG12 9LA 2 Bed Flat Assured 97.61 £ 54,690 £ 83,220 £ 125,000
WCJ051110 Wayland Close 11 THE FIRS 51 WAYLAND CLOSE RG12 9LA 2 Bed Flat Starter Tenancy 91.22 £ 51,110 £ 83,220 £ 125,000
WCJ051120 Wayland Close 12 THE FIRS 51 WAYLAND CLOSE RG12 9LA 2 Bed Flat Assured 95.78 £ 53,670 £ 85,050 £ 130,000
WCJ053010 Wayland Close 1 LINDEN 53 WAYLAND CLOSE RG12 9LB 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ053020 Wayland Close 2 LINDEN 53 WAYLAND CLOSE RG12 9LB 1 Bed Studio Flat Starter Tenancy 67.23 £ 37,670 £ 75,060 £ 105,000
WCJ053030 Wayland Close 3 LINDEN 53 WAYLAND CLOSE RG12 9LB 0 Bed Flat Assured 69.30 £ 38,830 £ 70,970 £ 97,500
WCJ053040 Wayland Close 4 LINDEN 53 WAYLAND CLOSE RG12 9LB 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ053050 Wayland Close 5 LINDEN 53 WAYLAND CLOSE RG12 9LB 1 Bed Flat Assured 86.25 £ 48,330 £ 79,140 £ 115,000
WCJ053060 Wayland Close 6 LINDEN 53 WAYLAND CLOSE RG12 9LB 0 Bed Flat Assured 69.53 £ 38,960 £ 70,970 £ 97,500
WCJ053070 Wayland Close 7 LINDEN 53 WAYLAND CLOSE RG12 9LB 0 Bed Flat Starter Tenancy 65.02 £ 36,510 £ 70,970 £ 97,500
WCJ053080 Wayland Close 8 LINDEN 53 WAYLAND CLOSE RG12 9LB 1 Bed Flat Assured 85.67 £ 48,000 £ 79,140 £ 115,000
WCJ053090 Wayland Close 9 LINDEN 53 WAYLAND CLOSE RG12 9LB 2 Bed Flat Assured 97.83 £ 54,820 £ 83,220 £ 125,000
WCJ053100 Wayland Close 10 LINDEN 53 WAYLAND CLOSE RG12 9LB 2 Bed Flat Assured 97.69 £ 54,740 £ 83,220 £ 125,000
WCJ053110 Wayland Close 11 LINDEN 53 WAYLAND CLOSE RG12 9LB 2 Bed Flat Assured 97.61 £ 54,690 £ 83,220 £ 125,000
WCJ053120 Wayland Close 12 LINDEN 53 WAYLAND CLOSE RG12 9LB 2 Bed Flat Starter Tenancy 98.60 £ 55,250 £ 85,040 £ 130,000
WCJ055010 Wayland Close 1 ROWAN 55 WAYLAND CLOSE RG12 9LB 1 Bed Flat Fair Rent 80.49 £ 45,100 £ 79,140 £ 115,000
WCJ055020 Wayland Close 2 ROWAN 55 WAYLAND CLOSE RG12 9LB 1 Bed Flat Starter Tenancy 65.97 £ 36,960 £ 77,330 £ 110,000
WCJ055030 Wayland Close 3 ROWAN 55 WAYLAND CLOSE RG12 9LB 0 Bed Flat Assured 68.27 £ 38,250 £ 70,970 £ 97,500
WCJ055040 Wayland Close 4 ROWAN 55 WAYLAND CLOSE RG12 9LB 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ055050 Wayland Close 5 ROWAN 55 WAYLAND CLOSE RG12 9LB 1 Bed Flat Assured 88.17 £ 49,400 £ 79,140 £ 115,000
WCJ055060 Wayland Close 6 ROWAN 55 WAYLAND CLOSE RG12 9LB 0 Bed Flat Assured 69.67 £ 39,040 £ 70,970 £ 97,500
WCJ055070 Wayland Close 7 ROWAN 55 WAYLAND CLOSE RG12 9LB 0 Bed Flat Assured 69.67 £ 39,040 £ 70,970 £ 97,500
WCJ055080 Wayland Close 8 ROWAN 55 WAYLAND CLOSE RG12 9LB 1 Bed Flat Fair Rent 80.49 £ 45,100 £ 79,140 £ 115,000
WCJ055090 Wayland Close 9 ROWAN 55 WAYLAND CLOSE RG12 9LB 2 Bed Flat Assured 97.83 £ 54,820 £ 85,040 £ 130,000
WCJ055100 Wayland Close 10 ROWAN 55 WAYLAND CLOSE RG12 9LB 2 Bed Flat Assured 98.02 £ 54,920 £ 83,220 £ 125,000
WCJ055110 Wayland Close 11 ROWAN 55 WAYLAND CLOSE RG12 9LB 2 Bed Flat Assured 97.83 £ 54,820 £ 83,220 £ 125,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 26 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
WCJ055120 Wayland Close 12 ROWAN 55 WAYLAND CLOSE RG12 9LB 2 Bed Flat Assured 98.25 £ 55,050 £ 85,040 £ 130,000
WCJ046010 Wayland Close 1 PINE COURT 61 WAYLAND CLOSE RG12 9LB 1 Bed Flat Assured 84.67 £ 47,440 £ 79,140 £ 115,000
WCJ046020 Wayland Close 2 PINE COURT 61 WAYLAND CLOSE RG12 9LB 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ046030 Wayland Close 3 PINE COURT 61 WAYLAND CLOSE RG12 9LB 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ046040 Wayland Close 4 PINE COURT 61 WAYLAND CLOSE RG12 9LB 1 Bed Flat Fair Rent 80.49 £ 45,100 £ 79,140 £ 115,000
WCJ046050 Wayland Close 5 PINE COURT 61 WAYLAND CLOSE RG12 9LB 1 Bed Flat Assured 84.51 £ 47,350 £ 79,140 £ 115,000
WCJ046060 Wayland Close 6 PINE COURT 61 WAYLAND CLOSE RG12 9LB 1 Bed Flat Starter Tenancy 80.49 £ 45,100 £ 79,140 £ 115,000
WCJ046070 Wayland Close 7 PINE COURT 61 WAYLAND CLOSE RG12 9LB 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ046080 Wayland Close 8 PINE COURT 61 WAYLAND CLOSE RG12 9LB 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ046090 Wayland Close 9 PINE COURT 61 WAYLAND CLOSE RG12 9LB 1 Bed Flat Assured 85.50 £ 47,910 £ 79,140 £ 115,000
WCJ046100 Wayland Close 10 PINE COURT 61 WAYLAND CLOSE RG12 9LB 1 Bed Flat Assured 86.25 £ 48,330 £ 79,140 £ 115,000
WCJ046110 Wayland Close 11 PINE COURT 61 WAYLAND CLOSE RG12 9LB 2 Bed Flat Assured 97.15 £ 54,440 £ 85,040 £ 130,000
WCJ046120 Wayland Close 12 PINE COURT 61 WAYLAND CLOSE RG12 9LB 2 Bed Flat Assured 96.60 £ 54,130 £ 85,040 £ 130,000
WCJ046130 Wayland Close 13 PINE COURT 61 WAYLAND CLOSE RG12 9LB 2 Bed Flat Assured 98.60 £ 55,250 £ 85,040 £ 130,000
WCJ046140 Wayland Close 14 PINE COURT 61 WAYLAND CLOSE RG12 9LB 0 Bed Flat Assured 69.30 £ 38,830 £ 70,970 £ 97,500
WCJ046150 Wayland Close 15 PINE COURT 61 WAYLAND CLOSE RG12 9LB 2 Bed Flat Assured 97.83 £ 54,820 £ 85,040 £ 130,000
WCJ046160 Wayland Close 16 PINE COURT 61 WAYLAND CLOSE RG12 9LB 2 Bed Flat Assured 97.83 £ 54,820 £ 85,040 £ 130,000
WCJ014010 Wayland Close 1 THE WILLOWS 14 WAYLAND CLOSE RG12 9LD 1 Bed Flat Assured 88.17 £ 49,400 £ 79,140 £ 115,000
WCJ014020 Wayland Close 2 THE WILLOWS 14 WAYLAND CLOSE RG12 9LD 0 Bed Flat Starter Tenancy 69.30 £ 38,830 £ 70,970 £ 97,500
WCJ014030 Wayland Close 3 THE WILLOWS 14 WAYLAND CLOSE RG12 9LD 0 Bed Flat Assured 69.67 £ 39,040 £ 70,970 £ 97,500
WCJ014040 Wayland Close 4 THE WILLOWS 14 WAYLAND CLOSE RG12 9LD 1 Bed Flat Assured 86.25 £ 48,330 £ 79,140 £ 115,000
WCJ014050 Wayland Close 5 THE WILLOWS 14 WAYLAND CLOSE RG12 9LD 1 Bed Flat Starter Tenancy 80.49 £ 45,100 £ 79,140 £ 115,000
WCJ014060 Wayland Close 6 THE WILLOWS 14 WAYLAND CLOSE RG12 9LD 0 Bed Flat Assured 69.27 £ 38,810 £ 70,970 £ 97,500
WCJ014070 Wayland Close 7 THE WILLOWS 14 WAYLAND CLOSE RG12 9LD 0 Bed Flat Assured 68.32 £ 38,280 £ 70,970 £ 97,500
WCJ014080 Wayland Close 8 THE WILLOWS 14 WAYLAND CLOSE RG12 9LD 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ014090 Wayland Close 9 THE WILLOWS 14 WAYLAND CLOSE RG12 9LD 2 Bed Flat Assured 95.78 £ 53,670 £ 85,040 £ 130,000
WCJ014100 Wayland Close 10 THE WILLOWS 14 WAYLAND CLOSE RG12 9LD 2 Bed Flat Assured 97.22 £ 54,470 £ 83,220 £ 125,000
WCJ014110 Wayland Close 11 THE WILLOWS 14 WAYLAND CLOSE RG12 9LD 2 Bed Flat Assured 95.78 £ 53,670 £ 83,220 £ 125,000
WCJ014120 Wayland Close 12 THE WILLOWS 14 WAYLAND CLOSE RG12 9LD 2 Bed Flat Fair Rent 91.93 £ 51,510 £ 85,040 £ 130,000
WCJ016010 Wayland Close 1 THE CEDARS 16 WAYLAND CLOSE RG12 9LD 1 Bed Flat Starter Tenancy 80.49 £ 45,100 £ 79,140 £ 115,000
WCJ016020 Wayland Close 2 THE CEDARS 16 WAYLAND CLOSE RG12 9LD 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ016030 Wayland Close 3 THE CEDARS 16 WAYLAND CLOSE RG12 9LD 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ016040 Wayland Close 4 THE CEDARS 16 WAYLAND CLOSE RG12 9LD 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ016050 Wayland Close 5 THE CEDARS 16 WAYLAND CLOSE RG12 9LD 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ016060 Wayland Close 6 THE CEDARS 16 WAYLAND CLOSE RG12 9LD 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ016070 Wayland Close 7 THE CEDARS 16 WAYLAND CLOSE RG12 9LD 1 Bed Flat Assured 86.25 £ 48,330 £ 79,140 £ 115,000
WCJ016080 Wayland Close 8 THE CEDARS 16 WAYLAND CLOSE RG12 9LD 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ016090 Wayland Close 9 THE CEDARS 16 WAYLAND CLOSE RG12 9LD 1 Bed Flat Assured 83.21 £ 46,620 £ 79,140 £ 115,000
WCJ016100 Wayland Close 10 THE CEDARS 16 WAYLAND CLOSE RG12 9LD 1 Bed Flat Assured 86.08 £ 48,230 £ 79,140 £ 115,000
WCJ016110 Wayland Close 11 THE CEDARS 16 WAYLAND CLOSE RG12 9LD 2 Bed Flat Assured 97.39 £ 54,570 £ 85,040 £ 130,000
WCJ016120 Wayland Close 12 THE CEDARS 16 WAYLAND CLOSE RG12 9LD 2 Bed Flat Starter Tenancy 91.22 £ 51,110 £ 85,040 £ 130,000
WCJ016130 Wayland Close 13 THE CEDARS 16 WAYLAND CLOSE RG12 9LD 2 Bed Flat Fair Rent 91.87 £ 51,480 £ 85,040 £ 130,000
WCJ016140 Wayland Close 14 THE CEDARS 16 WAYLAND CLOSE RG12 9LD 0 Bed Flat Assured 68.71 £ 38,500 £ 70,970 £ 97,500
WCJ016150 Wayland Close 15 THE CEDARS 16 WAYLAND CLOSE RG12 9LD 2 Bed Flat Fair Rent 91.87 £ 51,480 £ 85,040 £ 130,000
WCJ016160 Wayland Close 16 THE CEDARS 16 WAYLAND CLOSE RG12 9LD 2 Bed Flat Assured 97.50 £ 54,630 £ 85,040 £ 130,000
STU026000 Various CM CO GU ME RG SL SS 26 STRATFIELD ROAD RG21 5SD 3 Bed House Assured 125.59 £ 66,530 £ 110,250 £ 157,500
PRS020000 Various CM CO GU ME RG SL SS 20 PRIORS ROAD RG26 4QJ 3 Bed House Assured 109.74 £ 58,130 £ 140,290 £ 230,000
BUM190000 Various CM CO GU ME RG SL SS 19 BURNHAM ROAD RG26 4QN 3 Bed House Assured 109.44 £ 57,970 £ 145,320 £ 232,500
BIC130000 Various CM CO GU ME RG SL SS 13 BIRCH ROAD RG26 4QT 3 Bed House Assured 109.44 £ 57,970 £ 145,320 £ 232,500
BIC370000 Various CM CO GU ME RG SL SS 37 BIRCH ROAD RG26 4QT 2 Bed House Starter Tenancy 98.86 £ 52,370 £ 129,850 £ 215,000
BIK017000 Various CM CO GU ME RG SL SS 17 BIRCH ROAD RG26 4QT 4 Bed House Assured 129.80 £ 68,760 £ 160,820 £ 250,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 27 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
BUM022000 Various CM CO GU ME RG SL SS 22 BURNHAM ROAD RG26 4QW 3 Bed House Assured 105.42 £ 55,840 £ 140,290 £ 230,000
BUM062000 Various CM CO GU ME RG SL SS 62 BURNHAM ROAD RG26 4QW 3 Bed House Assured 109.10 £ 57,790 £ 140,290 £ 230,000
EUS002000 Various CM CO GU ME RG SL SS 2 EUSTACE CRESCENT RG40 1PS 3 Bed House Assured 123.89 £ 65,630 £ 165,450 £ 242,500
ARN089000 Various CM CO GU ME RG SL SS 89 ARNETT AVENUE RG40 4EE 3 Bed House Assured 123.99 £ 65,680 £ 127,930 £ 207,500
ARN032000 Various CM CO GU ME RG SL SS 32 ARNETT AVENUE RG40 4EG 3 Bed House Starter Tenancy 115.67 £ 61,270 £ 132,520 £ 210,000
ROA103000 Various CM CO GU ME RG SL SS 103 ROYCROFT LANE RG40 4HN 3 Bed House Assured 123.44 £ 65,390 £ 147,720 £ 235,000
TDX001000 Various CM CO GU ME RG SL SS 1 TRENT CLOSE RG41 3TY 3 Bed House Assured 132.89 £ 70,390 £ 147,720 £ 235,000
HOQ014000 Various CM CO GU ME RG SL SS 14 HUMBER CLOSE RG41 3UA 3 Bed House Assured 132.89 £ 70,390 £ 147,720 £ 235,000
HBL020000 Hamlet Street 20 HAMLET STREET RG42 3EF 3 Bed House Fair Rent 110.03 £ 62,240 £ 99,070 £ 160,000
HBL021000 Hamlet Street 21 HAMLET STREET RG42 3EF 3 Bed House Assured 121.20 £ 68,550 £ 99,070 £ 160,000
HBL022000 Hamlet Street 22 HAMLET STREET RG42 3EF 3 Bed House Starter Tenancy 118.04 £ 66,770 £ 99,070 £ 160,000
HBL023000 Hamlet Street 23 HAMLET STREET RG42 3EF 2 Bed House Assured 111.39 £ 63,010 £ 92,930 £ 145,000
HBL024000 Hamlet Street 24 HAMLET STREET RG42 3EF 2 Bed House Assured 110.26 £ 62,370 £ 92,930 £ 145,000
HBL025000 Hamlet Street 25 HAMLET STREET RG42 3EF 2 Bed House Assured 110.26 £ 62,370 £ 92,930 £ 145,000
HBL026000 Hamlet Street 26 HAMLET STREET RG42 3EF 2 Bed House Assured 111.67 £ 63,160 £ 92,930 £ 145,000
HBL027000 Hamlet Street 27 HAMLET STREET RG42 3EF 2 Bed House Assured 114.98 £ 65,040 £ 92,930 £ 145,000
HBL028001 Hamlet Street 28 HAMLET STREET RG42 3EF 1 Bed Flat Assured 79.07 £ 44,720 £ 81,100 £ 115,000
HBL029002 Hamlet Street 29 HAMLET STREET RG42 3EF 1 Bed Flat Assured 80.92 £ 45,770 £ 81,100 £ 115,000
HBL030002 Hamlet Street 30 HAMLET STREET RG42 3EF 1 Bed Flat Assured 82.12 £ 46,450 £ 81,100 £ 115,000
HBL031001 Hamlet Street 31 HAMLET STREET RG42 3EF 1 Bed Flat Assured 80.92 £ 45,770 £ 81,100 £ 115,000
HBL032001 Hamlet Street 32 HAMLET STREET RG42 3EF 1 Bed Flat Assured 79.89 £ 45,190 £ 81,100 £ 115,000
HBL033020 Hamlet Street 33 HAMLET STREET RG42 3EF 1 Bed Flat Assured 76.47 £ 43,250 £ 81,100 £ 115,000
HBL034000 Hamlet Street 34 HAMLET STREET RG42 3EF 2 Bed House Assured 110.23 £ 62,350 £ 92,930 £ 145,000
HBL035001 Hamlet Street 35 HAMLET STREET RG42 3EF 1 Bed Flat Assured 82.12 £ 46,450 £ 81,100 £ 115,000
HBL036002 Hamlet Street 36 HAMLET STREET RG42 3EF 1 Bed Flat Assured 80.92 £ 45,770 £ 81,100 £ 115,000
HBL037000 Hamlet Street 37 HAMLET STREET RG42 3EF 3 Bed House Assured 120.99 £ 68,440 £ 99,070 £ 160,000
HBL038001 Hamlet Street 38 HAMLET STREET RG42 3EF 1 Bed Flat Assured 80.92 £ 45,770 £ 81,100 £ 115,000
HBL039002 Hamlet Street 39 HAMLET STREET RG42 3EF 1 Bed Flat Assured 82.12 £ 46,450 £ 81,100 £ 115,000
HBL040002 Hamlet Street 40 HAMLET STREET RG42 3EF 1 Bed Flat Assured 78.79 £ 44,570 £ 81,100 £ 115,000
HBL041002 Hamlet Street 41 HAMLET STREET RG42 3EF 1 Bed Flat Assured 80.92 £ 45,770 £ 81,100 £ 115,000
HBL042000 Hamlet Street 42 HAMLET STREET RG42 3EF 1 Bed Bungalow Assured 89.95 £ 50,880 £ 84,460 £ 130,000
HBL043000 Hamlet Street 43 HAMLET STREET RG42 3EF 3 Bed House Assured 125.99 £ 71,260 £ 99,070 £ 160,000
HBL044000 Hamlet Street 44 HAMLET STREET RG42 3EF 2 Bed House Assured 101.65 £ 57,500 £ 92,930 £ 145,000
HBL045000 Hamlet Street 45 HAMLET STREET RG42 3EF 2 Bed House Assured 110.26 £ 62,370 £ 92,930 £ 145,000
HBL046000 Hamlet Street 46 HAMLET STREET RG42 3EF 3 Bed House Assured 122.77 £ 69,440 £ 99,070 £ 160,000
HBL047000 Hamlet Street 47 HAMLET STREET RG42 3EF 3 Bed House Assured 125.99 £ 71,260 £ 99,070 £ 160,000
HBL048000 Hamlet Street 48 HAMLET STREET RG42 3EF 3 Bed House Assured 120.99 £ 68,440 £ 99,070 £ 160,000
HBL049000 Hamlet Street 49 HAMLET STREET RG42 3EF 3 Bed House Assured 120.99 £ 68,440 £ 99,070 £ 160,000
HBL050000 Hamlet Street 50 HAMLET STREET RG42 3EF 3 Bed House Assured 125.61 £ 71,050 £ 99,070 £ 160,000
HBL051000 Hamlet Street 51 HAMLET STREET RG42 3EF 3 Bed House Fair Rent 110.03 £ 62,240 £ 99,080 £ 160,000
HBL052000 Hamlet Street 52 HAMLET STREET RG42 3EF 1 Bed Bungalow Assured 93.67 £ 52,980 £ 84,460 £ 130,000
HBL053010 Hamlet Street 53 HAMLET STREET RG42 3EF 1 Bed Flat Assured 78.59 £ 44,450 £ 81,100 £ 115,000
HBL054020 Hamlet Street 54 HAMLET STREET RG42 3EF 1 Bed Flat Assured 74.54 £ 42,160 £ 81,100 £ 115,000
HBL055010 Hamlet Street 55 HAMLET STREET RG42 3EF 2 Bed Flat Assured 94.49 £ 53,450 £ 85,810 £ 125,000
HBL056020 Hamlet Street 56 HAMLET STREET RG42 3EF 2 Bed Flat Assured 94.49 £ 53,450 £ 85,810 £ 125,000
HBL057030 Hamlet Street 57 HAMLET STREET RG42 3EF 2 Bed Flat Assured 94.49 £ 53,450 £ 85,810 £ 125,000
HBL058030 Hamlet Street 58 HAMLET STREET RG42 3EF 2 Bed Flat Assured 94.49 £ 53,450 £ 85,810 £ 125,000
HBL059020 Hamlet Street 59 HAMLET STREET RG42 3EF 2 Bed Flat Starter Tenancy 94.49 £ 53,450 £ 85,810 £ 125,000
HBL060010 Hamlet Street 60 HAMLET STREET RG42 3EF 2 Bed Flat Assured 88.60 £ 50,110 £ 85,810 £ 125,000
HBL061000 Hamlet Street 61 HAMLET STREET RG42 3EF 2 Bed House Assured 110.26 £ 62,370 £ 92,930 £ 145,000
HBL062000 Hamlet Street 62 HAMLET STREET RG42 3EF 2 Bed House Assured 110.26 £ 62,370 £ 92,930 £ 145,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 28 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
HBL063000 Hamlet Street 63 HAMLET STREET RG42 3EF 2 Bed House Assured 104.51 £ 59,110 £ 92,930 £ 145,000
HBL064000 Hamlet Street 64 HAMLET STREET RG42 3EF 2 Bed House Assured 110.26 £ 62,370 £ 92,930 £ 145,000
HBL065010 Hamlet Street 65 HAMLET STREET RG42 3EF 1 Bed Flat Fair Rent 79.34 £ 44,880 £ 81,100 £ 115,000
HBL066020 Hamlet Street 66 HAMLET STREET RG42 3EF 1 Bed Flat Assured 80.92 £ 45,770 £ 81,100 £ 115,000
HBL067010 Hamlet Street 67 HAMLET STREET RG42 3EF 1 Bed Flat Assured 80.85 £ 45,730 £ 81,100 £ 115,000
HBL068020 Hamlet Street 68 HAMLET STREET RG42 3EF 1 Bed Flat Assured 80.92 £ 45,770 £ 81,100 £ 115,000
HBL069010 Hamlet Street 69 HAMLET STREET RG42 3EF 1 Bed Flat Assured 82.12 £ 46,450 £ 81,100 £ 115,000
HBL070020 Hamlet Street 70 HAMLET STREET RG42 3EF 1 Bed Flat Assured 80.92 £ 45,770 £ 81,100 £ 115,000
HBL071000 Hamlet Street 71 HAMLET STREET RG42 3EF 2 Bed House Assured 110.26 £ 62,370 £ 92,930 £ 145,000
HBL072000 Hamlet Street 72 HAMLET STREET RG42 3EF 2 Bed House Assured 110.26 £ 62,370 £ 92,930 £ 145,000
HBL073000 Hamlet Street 73 HAMLET STREET RG42 3EF 2 Bed House Assured 108.10 £ 61,140 £ 92,930 £ 145,000
HBL074000 Hamlet Street 74 HAMLET STREET RG42 3EF 2 Bed House Assured 110.26 £ 62,370 £ 92,930 £ 145,000
HBL075000 Hamlet Street 75 HAMLET STREET RG42 3EF 3 Bed House Assured 127.30 £ 71,940 £ 99,080 £ 160,000
HBL076000 Hamlet Street 76 HAMLET STREET RG42 3EF 3 Bed House Assured 120.99 £ 68,440 £ 99,080 £ 160,000
HBL077010 Hamlet Street 77 HAMLET STREET RG42 3EF 1 Bed Flat Assured 80.92 £ 45,770 £ 81,100 £ 115,000
HBL078020 Hamlet Street 78 HAMLET STREET RG42 3EF 1 Bed Flat Assured 80.01 £ 45,260 £ 81,100 £ 115,000
HBL079010 Hamlet Street 79 HAMLET STREET RG42 3EF 1 Bed Flat Assured 80.92 £ 45,770 £ 81,100 £ 115,000
HBL080020 Hamlet Street 80 HAMLET STREET RG42 3EF 1 Bed Flat Starter Tenancy 77.65 £ 43,920 £ 81,100 £ 115,000
HOY086000 Various CM CO GU ME RG SL SS 86 HOLLYBUSH LANE RG7 3JS 3 Bed House Assured 111.45 £ 59,040 £ 144,680 £ 230,000
PLT010000 Platts and Pond 10 PLATTS MEADOW RH14 9HX 1 Bed Flat Assured 85.95 £ 43,930 £ 43,930 £ 125,000
PLT012000 Platts and Pond 12 PLATTS MEADOW RH14 9HX 1 Bed Flat Long Lease 0.00 £ - £ - £ -
PLT014000 Platts and Pond 14 PLATTS MEADOW RH14 9HX 1 Bed Flat Assured 85.95 £ 43,930 £ 43,930 £ 125,000
PLT016000 Platts and Pond 16 PLATTS MEADOW RH14 9HX 1 Bed Flat Assured 83.68 £ 42,770 £ 42,770 £ 125,000
PLT018000 Platts and Pond 18 PLATTS MEADOW RH14 9HX 1 Bed Flat Assured 86.12 £ 44,020 £ 44,020 £ 125,000
PLT002000 Platts and Pond 2 PLATTS MEADOW RH14 9HX 1 Bed Flat Assured 83.68 £ 42,770 £ 42,770 £ 125,000
PLT020000 Platts and Pond 20 PLATTS MEADOW RH14 9HX 1 Bed Flat Assured 84.38 £ 43,130 £ 43,130 £ 125,000
PLT021000 Platts and Pond 21 PLATTS MEADOW RH14 9HX 2 Bed House Assured 110.39 £ 56,430 £ 56,430 £ 200,000
PLT022000 Platts and Pond 22 PLATTS MEADOW RH14 9HX 1 Bed Flat Assured 87.15 £ 44,550 £ 44,550 £ 125,000
PLT023000 Platts and Pond 23 PLATTS MEADOW RH14 9HX 3 Bed House Assured 125.28 £ 64,040 £ 64,040 £ 215,000
PLT024000 Platts and Pond 24 PLATTS MEADOW RH14 9HX 1 Bed Flat Assured 85.95 £ 43,930 £ 43,930 £ 125,000
PLT025000 Platts and Pond 25 PLATTS MEADOW RH14 9HX 3 Bed House Assured 131.29 £ 67,110 £ 67,110 £ 215,000
PLT027000 Platts and Pond 27 PLATTS MEADOW RH14 9HX 2 Bed House Assured 110.39 £ 56,430 £ 56,430 £ 200,000
PLT004000 Platts and Pond 4 PLATTS MEADOW RH14 9HX 1 Bed Flat Managed 0.00 £ - £ - £ -
PLT006000 Platts and Pond 6 PLATTS MEADOW RH14 9HX 1 Bed Flat Assured 84.67 £ 43,280 £ 43,280 £ 125,000
PLT008000 Platts and Pond 8 PLATTS MEADOW RH14 9HX 1 Bed Flat Assured 85.51 £ 43,710 £ 43,710 £ 125,000
PON001000 Platts and Pond 1 POND CLOSE RH14 9HY 2 Bed House Assured 111.78 £ 57,140 £ 57,140 £ 200,000
PON010000 Platts and Pond 10 POND CLOSE RH14 9HY 3 Bed House Assured 132.55 £ 67,740 £ 67,740 £ 225,000
PON011000 Platts and Pond 11 POND CLOSE RH14 9HY 2 Bed House Assured 108.45 £ 55,430 £ 55,430 £ 200,000
PON012000 Platts and Pond 12 POND CLOSE RH14 9HY 2 Bed House Assured 110.39 £ 56,430 £ 56,430 £ 200,000
PON013000 Platts and Pond 13 POND CLOSE RH14 9HY 2 Bed House Assured 110.39 £ 56,430 £ 56,430 £ 200,000
PON014000 Platts and Pond 14 POND CLOSE RH14 9HY 3 Bed House Assured 128.02 £ 65,440 £ 65,440 £ 225,000
PON015000 Platts and Pond 15 POND CLOSE RH14 9HY 3 Bed House Assured 128.02 £ 65,440 £ 65,440 £ 215,000
PON016000 Platts and Pond 16 POND CLOSE RH14 9HY 2 Bed House Assured 110.39 £ 56,430 £ 56,430 £ 200,000
PON017000 Platts and Pond 17 POND CLOSE RH14 9HY 2 Bed House Fair Rent 89.53 £ 45,760 £ 45,760 £ 200,000
PON018000 Platts and Pond 18 POND CLOSE RH14 9HY 3 Bed House Assured 132.55 £ 67,740 £ 67,740 £ 225,000
PON019000 Platts and Pond 19 POND CLOSE RH14 9HY 2 Bed House Assured 110.39 £ 56,430 £ 56,430 £ 200,000
PON002000 Platts and Pond 2 POND CLOSE RH14 9HY 3 Bed House Assured 128.02 £ 65,440 £ 65,440 £ 225,000
PON020000 Platts and Pond 20 POND CLOSE RH14 9HY 3 Bed House Assured 132.55 £ 67,740 £ 67,740 £ 215,000
PON021000 Platts and Pond 21 POND CLOSE RH14 9HY 2 Bed House Assured 110.39 £ 56,430 £ 56,430 £ 200,000
PON022000 Platts and Pond 22 POND CLOSE RH14 9HY 2 Bed House Assured 102.80 £ 52,550 £ 52,550 £ 200,000
PON023000 Platts and Pond 23 POND CLOSE RH14 9HY 2 Bed House Assured 110.61 £ 56,540 £ 56,540 £ 200,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 29 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
PON024000 Platts and Pond 24 POND CLOSE RH14 9HY 3 Bed House Assured 131.90 £ 67,420 £ 67,420 £ 215,000
PON025000 Platts and Pond 25 POND CLOSE RH14 9HY 2 Bed House Assured 110.39 £ 56,430 £ 56,430 £ 200,000
PON026000 Platts and Pond 26 POND CLOSE RH14 9HY 2 Bed House Assured 110.39 £ 56,430 £ 56,430 £ 200,000
PON027000 Platts and Pond 27 POND CLOSE RH14 9HY 3 Bed House Assured 131.90 £ 67,420 £ 67,420 £ 215,000
PON028000 Platts and Pond 28 POND CLOSE RH14 9HY 2 Bed House Fair Rent 97.71 £ 49,940 £ 49,940 £ 200,000
PON029000 Platts and Pond 29 POND CLOSE RH14 9HY 3 Bed House Assured 131.90 £ 67,420 £ 67,420 £ 215,000
PON003000 Platts and Pond 3 POND CLOSE RH14 9HY 3 Bed House Assured 132.55 £ 67,750 £ 67,750 £ 225,000
PON030000 Platts and Pond 30 POND CLOSE RH14 9HY 2 Bed House Assured 107.84 £ 55,120 £ 55,120 £ 200,000
PON004000 Platts and Pond 4 POND CLOSE RH14 9HY 2 Bed House Assured 111.78 £ 57,140 £ 57,140 £ 200,000
PON005000 Platts and Pond 5 POND CLOSE RH14 9HY 2 Bed House Starter Tenancy 102.70 £ 52,500 £ 52,500 £ 200,000
PON006000 Platts and Pond 6 POND CLOSE RH14 9HY 3 Bed House Assured 132.55 £ 67,750 £ 67,750 £ 225,000
PON007000 Platts and Pond 7 POND CLOSE RH14 9HY 3 Bed House Assured 131.65 £ 67,290 £ 67,290 £ 225,000
PON008000 Platts and Pond 8 POND CLOSE RH14 9HY 2 Bed House Assured 110.39 £ 56,430 £ 56,430 £ 200,000
PON009000 Platts and Pond 9 POND CLOSE RH14 9HY 2 Bed House Assured 111.16 £ 56,820 £ 56,820 £ 200,000
RRD134000 Various E EC IG RM 134 REEDE ROAD RM10 8DU 3 Bed House Assured 125.04 £ 68,370 £ 120,050 £ 180,000
SCH003400 Various E EC IG RM 34 SCHOOL ROAD RM10 9QJ 2 Bed House Assured 83.84 £ 45,840 £ 136,320 £ 175,000
SVV003800 Various E EC IG RM 38 SEVENOAKS CLOSE RM3 7EE 3 Bed House Assured 133.14 £ 72,800 £ 103,510 £ 165,000
HND069000 Various E EC IG RM 69 HILLDENE AVENUE RM3 8YL3 Bed WARDEN
FLAT Protected Assured 123.55 £ 67,550 £ 100,180 £ 160,000
SWN002000 Various E EC IG RM 2 SWINDON CLOSE RM3 9RD 3 Bed House Assured 131.85 £ 72,090 £ 120,050 £ 180,000
UDA086000 Various E EC IG RM 86 UDALL GARDENS RM5 2LA 3 Bed House Assured 128.17 £ 70,080 £ 120,050 £ 180,000
HDV078000 Various E EC IG RM 78 HEATHFIELD PARK DRIVE RM6 4FJ 2 Bed HouseShort Term Assured
Tenancy 126.70 £ 69,270 £ 138,590 £ 222,500
BRI151000 Various E EC IG RM 151 BRIAN ROAD RM6 5BS 3 Bed House Assured 125.69 £ 68,720 £ 147,000 £ 240,000
BRR178000 Various E EC IG RM 178 BRIAN ROAD RM6 5BS 3 Bed House Assured 131.65 £ 71,980 £ 147,000 £ 240,000
TNT024000 Various E EC IG RM 24 TANTONY GROVE RM6 5DA 3 Bed House Assured 128.17 £ 70,080 £ 158,470 £ 242,500
PAD213000 Various E EC IG RM 213 PADNALL ROAD RM6 5EP 3 Bed House Assured 128.17 £ 70,080 £ 158,470 £ 242,500
PAD215000 Various E EC IG RM 215 PADNALL ROAD RM6 5EP 3 Bed House Assured 131.65 £ 71,980 £ 158,470 £ 242,500
ROS065000 Various E EC IG RM 65 ROSE LANE RM6 5JT 3 Bed House Assured 119.67 £ 65,430 £ 158,470 £ 242,500
TTC007000 Various E EC IG RM 7 THATCHES GROVE RM6 5LA 3 Bed House Protected Assured 131.65 £ 71,980 £ 117,870 £ 180,000
TTC011000 Various E EC IG RM 11 THATCHES GROVE RM6 5LA 3 Bed House Protected Assured 131.65 £ 71,980 £ 117,870 £ 180,000
TTC015A00 Various E EC IG RM 15 A THATCHES GROVE RM6 5LA 3 Bed House Protected Assured 128.17 £ 70,080 £ 117,870 £ 180,000
TTC047000 Various E EC IG RM 47 THATCHES GROVE RM6 5LA 3 Bed House Assured 131.65 £ 71,980 £ 117,870 £ 180,000
AWY010000 Various E EC IG RM 10 ARNEWAYS AVENUE RM6 5LU 3 Bed House Assured 128.08 £ 70,030 £ 124,530 £ 190,000
AWY020000 Various E EC IG RM 20 ARNEWAYS AVENUE RM6 5LU 3 Bed House Protected Assured 128.08 £ 70,030 £ 124,530 £ 190,000
AYV077000 Various E EC IG RM 77 ARNEWAYS AVENUE RM6 5LX 3 Bed House Assured 131.90 £ 72,120 £ 124,530 £ 190,000
NWH013000 Various E EC IG RM 13 NEWHOUSE AVENUE RM6 5ND 3 Bed House Assured 131.65 £ 71,980 £ 124,530 £ 190,000
NWH015000 Various E EC IG RM 15 NEWHOUSE AVENUE RM6 5ND 3 Bed House Assured 131.65 £ 71,980 £ 124,530 £ 190,000
BGV01A000 Various E EC IG RM 1A BEANSLAND GROVE RM6 5QH 3 Bed House Assured 131.65 £ 71,980 £ 120,050 £ 180,000
LSB011000 Various E EC IG RM 11 LANSBURY AVENUE RM6 6SD 3 Bed House Assured 128.17 £ 70,080 £ 140,190 £ 220,000
FXG001000 Various E EC IG RM 1 FOXGLOVE ROAD RM7 0YW 3 Bed House Assured 131.65 £ 71,980 £ 160,790 £ 245,000
LST018000 Various E EC IG RM 18 LINDEN STREET RM7 7DP 3 Bed House Assured 131.65 £ 71,980 £ 149,040 £ 230,000
MOU000700 Various E EC IG RM 7 MOUNT ROAD RM8 1NA 3 Bed House Fair Rent 116.13 £ 63,490 £ 133,520 £ 210,000
LRG915000 Various E EC IG RM 915 LONGBRIDGE ROAD RM8 2BU 3 Bed House Assured 128.17 £ 70,080 £ 120,050 £ 180,000
VVL020900 Various E EC IG RM 209 VALENCE WOOD ROAD RM8 3AH 3 Bed House Assured 129.81 £ 70,970 £ 120,050 £ 180,000
WRG019000 Various E EC IG RM 19 WARRINGTON SQUARE RM8 3JJ 3 Bed House Assured 128.08 £ 70,030 £ 120,050 £ 180,000
CCF131000 Various E EC IG RM 131 CANONSLEIGH ROAD RM9 4DB 2 Bed House Assured 102.41 £ 55,990 £ 149,040 £ 230,000
BZX008200 Various E EC IG RM 82 BARNMEAD ROAD RM9 5DX 3 Bed House Assured 122.53 £ 66,990 £ 120,050 £ 180,000
URS062000 Various E EC IG RM 62 URSWICK ROAD RM9 6ED 4 Bed House Assured 119.09 £ 65,110 £ 136,420 £ 215,000
URS062A00 Various E EC IG RM 62A URSWICK ROAD RM9 6ED 4 Bed House Assured 112.62 £ 61,580 £ 136,420 £ 215,000
MFE029000 Various BR DA SE 29 MAURITIUS ROAD SE10 0EH 2 Bed House Assured 129.57 £ 72,370 £ 187,290 £ 300,000
WKY084000 Woolwich Road GF FLAT 84 WOOLWICH ROAD SE10 0LE 1 Bed Flat Assured 78.54 £ 44,450 £ 149,710 £ 225,000
WKY084001 Woolwich Road 1ST/2ND FF 84 WOOLWICH ROAD SE10 0LE 4 Bed Flat Assured 132.56 £ 75,030 £ 258,540 £ 435,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 30 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
WKY086000 Woolwich Road GF FLAT 86 WOOLWICH ROAD SE10 0LE 1 Bed Flat Assured 87.62 £ 49,590 £ 149,710 £ 225,000
WKY086001 Woolwich Road FLAT A 86 WOOLWICH ROAD SE10 0LE 4 Bed Flat Assured 133.30 £ 75,450 £ 247,540 £ 420,000
WKY090000 Woolwich Road GROUND FLOOR 90 WOOLWICH ROAD SE10 0LE 1 Bed Flat Fair Rent 77.07 £ 43,620 £ 149,710 £ 225,000
WKY090001 Woolwich Road FLAT B 90 WOOLWICH ROAD SE10 0LE 4 Bed Flat Fair Rent 97.01 £ 54,910 £ 247,540 £ 420,000
WKY092000 Woolwich Road GROUND FLOOR FLAT 92 WOOLWICH ROAD SE10 0LE 1 Bed Flat Assured 89.66 £ 50,750 £ 149,710 £ 225,000
WKY092001 Woolwich Road FLAT A 92 WOOLWICH ROAD SE10 0LE 4 Bed Flat Assured 134.65 £ 76,200 £ 247,540 £ 420,000
KRS000001 Ashton and Kerris FLAT 1 KERRIS HOUSE SE11 4BJ 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
KRS000002 Ashton and Kerris FLAT 2 KERRIS HOUSE SE11 4BJ 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
KRS000003 Ashton and Kerris FLAT 3 KERRIS HOUSE SE11 4BJ 1 Bed Flat Assured 89.94 £ 60,590 £ 134,550 £ 215,000
KRS000004 Ashton and Kerris FLAT 4 KERRIS HOUSE SE11 4BJ 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
KRS000005 Ashton and Kerris FLAT 5 KERRIS HOUSE SE11 4BJ 3 Bed Flat Assured 122.58 £ 82,580 £ 181,580 £ 275,000
KRS000006 Ashton and Kerris FLAT 6 KERRIS HOUSE SE11 4BJ 3 Bed Flat Assured 122.58 £ 82,580 £ 181,580 £ 275,000
KRS000007 Ashton and Kerris FLAT 7 KERRIS HOUSE SE11 4BJ 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
KRS000008 Ashton and Kerris FLAT 8 KERRIS HOUSE SE11 4BJ 2 Bed Flat Assured 108.16 £ 72,860 £ 161,590 £ 250,000
KRS000009 Ashton and Kerris FLAT 9 KERRIS HOUSE SE11 4BJ 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
KRS000010 Ashton and Kerris FLAT 10 KERRIS HOUSE SE11 4BJ 1 Bed Flat Assured 89.23 £ 60,110 £ 134,550 £ 215,000
KRS000011 Ashton and Kerris FLAT 11 KERRIS HOUSE SE11 4BJ 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
KRS000012 Ashton and Kerris FLAT 12 KERRIS HOUSE SE11 4BJ 3 Bed Flat Assured 122.58 £ 82,580 £ 181,580 £ 275,000
KRS000013 Ashton and Kerris FLAT 13 KERRIS HOUSE SE11 4BJ 3 Bed Flat Assured 122.58 £ 82,580 £ 181,580 £ 275,000
KRS000014 Ashton and Kerris FLAT 14 KERRIS HOUSE SE11 4BJ 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
KRS000015 Ashton and Kerris FLAT 15 KERRIS HOUSE SE11 4BJ 2 Bed Flat Assured 108.16 £ 72,860 £ 161,590 £ 250,000
KRS000016 Ashton and Kerris FLAT 16 KERRIS HOUSE SE11 4BJ 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
KRS000017 Ashton and Kerris FLAT 17 KERRIS HOUSE SE11 4BJ 1 Bed Flat Assured 89.23 £ 60,110 £ 134,550 £ 215,000
KRS000018 Ashton and Kerris FLAT 18 KERRIS HOUSE SE11 4BJ 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
KRS000019 Ashton and Kerris FLAT 19 KERRIS HOUSE SE11 4BJ 3 Bed Flat Assured 122.58 £ 82,580 £ 181,580 £ 275,000
KRS000020 Ashton and Kerris FLAT 20 KERRIS HOUSE SE11 4BJ 3 Bed Flat Assured 122.58 £ 82,580 £ 181,580 £ 275,000
KRS000021 Ashton and Kerris FLAT 21 KERRIS HOUSE SE11 4BJ 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
KRS000022 Ashton and Kerris FLAT 22 KERRIS HOUSE SE11 4BJ 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
KRS000023 Ashton and Kerris FLAT 23 KERRIS HOUSE SE11 4BJ 3 Bed Flat Assured 122.58 £ 82,580 £ 181,580 £ 275,000
KRS000024 Ashton and Kerris FLAT 24 KERRIS HOUSE SE11 4BJ 3 Bed Flat Assured 122.58 £ 82,580 £ 181,580 £ 275,000
KRS000025 Ashton and Kerris FLAT 25 KERRIS HOUSE SE11 4BJ 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
ASN000001 Ashton and Kerris FLAT 1 ASHTON HOUSE SE11 4BN 1 Bed Flat Assured 89.23 £ 60,110 £ 134,550 £ 215,000
ASN000002 Ashton and Kerris FLAT 2 ASHTON HOUSE SE11 4BN 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
ASN000003 Ashton and Kerris FLAT 3 ASHTON HOUSE SE11 4BN 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
ASN000004 Ashton and Kerris FLAT 4 ASHTON HOUSE SE11 4BN 2 Bed Flat Starter Tenancy 113.54 £ 76,490 £ 155,690 £ 245,000
ASN000005 Ashton and Kerris FLAT 5 ASHTON HOUSE SE11 4BN 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
ASN000006 Ashton and Kerris FLAT 6 ASHTON HOUSE SE11 4BN 1 Bed Flat Assured 89.94 £ 60,590 £ 134,560 £ 215,000
ASN000007 Ashton and Kerris FLAT 7 ASHTON HOUSE SE11 4BN 1 Bed Flat Assured Short Term 89.23 £ 60,110 £ 134,560 £ 215,000
ASN000008 Ashton and Kerris FLAT 8 ASHTON HOUSE SE11 4BN 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
ASN000009 Ashton and Kerris FLAT 9 ASHTON HOUSE SE11 4BN 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
ASN000010 Ashton and Kerris FLAT 10 ASHTON HOUSE SE11 4BN 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
ASN000011 Ashton and Kerris FLAT 11 ASHTON HOUSE SE11 4BN 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
ASN000012 Ashton and Kerris FLAT 12 ASHTON HOUSE SE11 4BN 1 Bed Flat Assured 89.23 £ 60,110 £ 134,560 £ 215,000
ASN000013 Ashton and Kerris FLAT 13 ASHTON HOUSE SE11 4BN 1 Bed Flat Assured Short Term 89.23 £ 60,110 £ 134,560 £ 215,000
ASN000014 Ashton and Kerris FLAT 14 ASHTON HOUSE SE11 4BN 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
ASN000015 Ashton and Kerris FLAT 15 ASHTON HOUSE SE11 4BN 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
ASN000016 Ashton and Kerris FLAT 16 ASHTON HOUSE SE11 4BN 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
ASN000017 Ashton and Kerris FLAT 17 ASHTON HOUSE SE11 4BN 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
ASN000018 Ashton and Kerris FLAT 18 ASHTON HOUSE SE11 4BN 1 Bed Flat Assured 89.23 £ 60,110 £ 134,560 £ 215,000
ASN000019 Ashton and Kerris FLAT 19 ASHTON HOUSE SE11 4BN 3 Bed Flat Starter Tenancy 122.58 £ 82,580 £ 181,580 £ 275,000
ASN000020 Ashton and Kerris FLAT 20 ASHTON HOUSE SE11 4BN 1 Bed Flat Assured 89.23 £ 60,120 £ 134,560 £ 215,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 31 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
ASN000021 Ashton and Kerris FLAT 21 ASHTON HOUSE SE11 4BN 3 Bed Flat Assured 122.58 £ 82,580 £ 181,580 £ 275,000
ASN000022 Ashton and Kerris FLAT 22 ASHTON HOUSE SE11 4BN 1 Bed Flat Assured 89.23 £ 60,120 £ 134,560 £ 215,000
ASN000023 Ashton and Kerris FLAT 23 ASHTON HOUSE SE11 4BN 3 Bed Flat Assured 122.58 £ 82,580 £ 181,580 £ 275,000
ASN000024 Ashton and Kerris FLAT 24 ASHTON HOUSE SE11 4BN 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
ASN000025 Ashton and Kerris FLAT 25 ASHTON HOUSE SE11 4BN 2 Bed Flat Assured Short Term 108.16 £ 72,860 £ 155,690 £ 245,000
ASN000026 Ashton and Kerris FLAT 26 ASHTON HOUSE SE11 4BN 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
ASN000027 Ashton and Kerris FLAT 27 ASHTON HOUSE SE11 4BN 2 Bed Flat Assured 108.16 £ 72,860 £ 155,690 £ 245,000
ASN000028 Ashton and Kerris FLAT 28 ASHTON HOUSE SE11 4BN 2 Bed Flat Shared Ownership 442.56 £ - £ - £ -
ASN000029 Ashton and Kerris FLAT 29 ASHTON HOUSE SE11 4BN 2 Bed Flat Shared Ownership 410.93 £ - £ - £ -
ASN000030 Ashton and Kerris FLAT 30 ASHTON HOUSE SE11 4BN 2 Bed Flat Shared Ownership 446.77 £ - £ - £ -
ASN000031 Ashton and Kerris FLAT 31 ASHTON HOUSE SE11 4BN 2 Bed Flat Shared Ownership 417.26 £ - £ - £ -
ASN000032 Ashton and Kerris FLAT 32 ASHTON HOUSE SE11 4BN 2 Bed Flat Shared Ownership 456.13 £ - £ - £ -
ASN000033 Ashton and Kerris FLAT 33 ASHTON HOUSE SE11 4BN 2 Bed Flat Shared Ownership 456.08 £ - £ - £ -
ASN000034 Ashton and Kerris FLAT 34 ASHTON HOUSE SE11 4BN 1 Bed Flat Shared Ownership 315.29 £ - £ - £ -
ASN000035 Ashton and Kerris FLAT 35 ASHTON HOUSE SE11 4BN 2 Bed Flat Shared Ownership 485.77 £ - £ - £ -
ASN000036 Ashton and Kerris FLAT 36 ASHTON HOUSE SE11 4BN 2 Bed Flat Shared Ownership 326.13 £ - £ - £ -
ASN000037 Ashton and Kerris FLAT 37 ASHTON HOUSE SE11 4BN 2 Bed Flat Shared Ownership 322.70 £ - £ - £ -
ASN000038 Ashton and Kerris FLAT 38 ASHTON HOUSE SE11 4BN 2 Bed Flat Shared Ownership 451.92 £ - £ - £ -
ASN000039 Ashton and Kerris FLAT 39 ASHTON HOUSE SE11 4BN 1 Bed Flat Shared Ownership 181.61 £ - £ - £ -
ASN000040 Ashton and Kerris FLAT 40 ASHTON HOUSE SE11 4BN 2 Bed Flat Shared Ownership 488.89 £ - £ - £ -
ASN000041 Ashton and Kerris FLAT 41 ASHTON HOUSE SE11 4BN 2 Bed Flat Shared Ownership 455.52 £ - £ - £ -
ASN000042 Ashton and Kerris FLAT 42 ASHTON HOUSE SE11 4BN 2 Bed Flat Shared Ownership 422.93 £ - £ - £ -
ASN000043 Ashton and Kerris FLAT 43 ASHTON HOUSE SE11 4BN 2 Bed Flat Shared Ownership 451.92 £ - £ - £ -
ASN000044 Ashton and Kerris FLAT 44 ASHTON HOUSE SE11 4BN 1 Bed Flat Shared Ownership 315.29 £ - £ - £ -
ASN000045 Ashton and Kerris FLAT 45 ASHTON HOUSE SE11 4BN 2 Bed Flat Shared Ownership 387.27 £ - £ - £ -
ASN000046 Ashton and Kerris FLAT 46 ASHTON HOUSE SE11 4BN 2 Bed Flat Shared Ownership 422.93 £ - £ - £ -
ASN000047 Ashton and Kerris FLAT 47 ASHTON HOUSE SE11 4BN 2 Bed Flat Shared Ownership 329.38 £ - £ - £ -
ASN000048 Ashton and Kerris FLAT 48 ASHTON HOUSE SE11 4BN 2 Bed Flat Shared Ownership 535.30 £ - £ - £ -
ASN000049 Ashton and Kerris FLAT 49 ASHTON HOUSE SE11 4BN 2 Bed Flat Shared Ownership 461.11 £ - £ - £ -
ASN000050 Ashton and Kerris FLAT 50 ASHTON HOUSE SE11 4BN 2 Bed Flat Shared Ownership 471.90 £ - £ - £ -
802493 Various BR DA SE FLAT A 386 BARING ROAD SE12 0EF 3 Bed Flat Protected Assured 87.17 £ 48,690 £ 143,890 £ 230,000
802492 Various BR DA SE 386 BARING ROAD SE12 0EF 2 Bed Flat Assured 74.77 £ 41,760 £ 132,430 £ 210,000
902369 Burnt Ash Hill Flat A 90 Burnt Ash Hill SE12 0HT 1 Bed Flat Assured Protected 69.84 £ 34,110 £ 105,000 £ 175,000
902373 Burnt Ash Hill Flat E 90 Burnt Ash Hill SE12 0HT 1 Bed Flat Long Lease 0.00 £ - £ - £ -
421001 Summerfield Street 33 SUMMERFIELD STREET SE12 0NH 1 Bed Flat Long Lease 0.00 £ - £ - £ -
421002 Summerfield Street 35 SUMMERFIELD STREET SE12 0NH 0 Bed Studio Flat Assured 58.22 £ 25,940 £ 91,760 £ 145,000
421003 Summerfield Street 37 SUMMERFIELD STREET SE12 0NH 0 Bed Studio Flat Assured Protected 58.22 £ 25,940 £ 91,760 £ 145,000
421004 Summerfield Street 39 SUMMERFIELD STREET SE12 0NH 0 Bed Studio Flat Assured 65.64 £ 29,250 £ 91,760 £ 145,000
421005 Summerfield Street 41 SUMMERFIELD STREET SE12 0NH 1 Bed Flat Starter Tenancy 73.33 £ 32,680 £ 99,710 £ 165,000
421006 Summerfield Street 43 SUMMERFIELD STREET SE12 0NH 1 Bed Flat Assured Protected 71.45 £ 31,840 £ 99,710 £ 165,000
421007 Summerfield Street 45 SUMMERFIELD STREET SE12 0NH 0 Bed Studio Flat Assured Protected 57.85 £ 25,780 £ 91,760 £ 145,000
421008 Summerfield Street 47 SUMMERFIELD STREET SE12 0NH 0 Bed Studio Flat Assured Protected 57.85 £ 25,780 £ 91,760 £ 145,000
421009 Summerfield Street 49 SUMMERFIELD STREET SE12 0NH 0 Bed Studio Flat Assured 65.64 £ 29,250 £ 91,760 £ 145,000
421010 Summerfield Street 51 SUMMERFIELD STREET SE12 0NH 1 Bed Flat Long Lease 0.00 £ - £ - £ -
421011 Summerfield Street 53 SUMMERFIELD STREET SE12 0NH 0 Bed Studio Flat Long Lease 0.00 £ - £ - £ -
421012 Summerfield Street 55 SUMMERFIELD STREET SE12 0NH 0 Bed Studio Flat Assured 60.51 £ 26,960 £ 91,760 £ 145,000
421013 Summerfield Street 57 SUMMERFIELD STREET SE12 0NH 0 Bed Studio Flat Starter Tenancy 60.51 £ 26,960 £ 91,760 £ 145,000
421014 Summerfield Street 59 SUMMERFIELD STREET SE12 0NH 0 Bed Studio Flat Assured 57.85 £ 25,780 £ 91,770 £ 145,000
421015 Summerfield Street 61 SUMMERFIELD STREET SE12 0NH 1 Bed Flat Assured Protected 70.27 £ 31,310 £ 99,710 £ 165,000
421016 Summerfield Street 63 SUMMERFIELD STREET SE12 0NH 0 Bed Studio Flat Long Lease 0.00 £ - £ - £ -
421017 Summerfield Street 65 SUMMERFIELD STREET SE12 0NH 0 Bed Studio Flat Starter Tenancy 62.92 £ 28,040 £ 91,770 £ 145,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 32 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
421018 Summerfield Street 67 SUMMERFIELD STREET SE12 0NH 0 Bed Studio Flat Assured 56.00 £ 24,950 £ 91,770 £ 145,000
421019 Summerfield Street 69 SUMMERFIELD STREET SE12 0NH 0 Bed Studio Flat Starter Tenancy 62.92 £ 28,040 £ 91,770 £ 145,000
421020 Summerfield Street 71 SUMMERFIELD STREET SE12 0NH 1 Bed Flat Assured Protected 70.68 £ 31,500 £ 99,710 £ 165,000
709011 Ronvers Road 66 RONVER ROAD SE12 0NJ 3 Bed Maisonette Assured Protected 90.50 £ 51,880 £ 121,670 £ 190,000
709012 Ronvers Road 68 RONVER ROAD SE12 0NJ 3 Bed Maisonette Assured Protected 91.13 £ 52,240 £ 121,670 £ 190,000
709013 Ronvers Road 70 RONVER ROAD SE12 0NJ 2 Bed Maisonette Assured Protected 84.69 £ 48,550 £ 108,800 £ 165,000
709015 Ronvers Road 72 RONVER ROAD SE12 0NJ 3 Bed Maisonette Long Lease 0.00 £ - £ - £ -
709017 Ronvers Road 74 RONVER ROAD SE12 0NJ 2 Bed Maisonette Long Lease 0.00 £ - £ - £ -
709019 Ronvers Road 76 RONVER ROAD SE12 0NJ 3 Bed Maisonette Long Lease 0.00 £ - £ - £ -
709021 Ronvers Road 78 RONVER ROAD SE12 0NJ 3 Bed Maisonette Assured 92.20 £ 52,850 £ 121,670 £ 190,000
709022 Ronvers Road 80 RONVER ROAD SE12 0NJ 3 Bed Maisonette Long Lease 0.00 £ - £ - £ -
709023 Ronvers Road 82 RONVER ROAD SE12 0NJ 3 Bed Maisonette Assured Protected 91.44 £ 52,420 £ 121,670 £ 190,000
709024 Ronvers Road 84 RONVER ROAD SE12 0NJ 3 Bed Maisonette Long Lease 0.00 £ - £ - £ -
709025 Ronvers Road 86 RONVER ROAD SE12 0NJ 2 Bed Maisonette Long Lease 0.00 £ - £ - £ -
709026 Ronvers Road 88 RONVER ROAD SE12 0NJ 3 Bed Maisonette Assured Protected 90.30 £ 51,760 £ 121,670 £ 190,000
709027 Ronvers Road 90 RONVER ROAD SE12 0NJ 2 Bed Maisonette Long Lease 0.00 £ - £ - £ -
709028 Ronvers Road 92 RONVER ROAD SE12 0NJ 3 Bed Maisonette Long Lease 0.00 £ - £ - £ -
709029 Ronvers Road 94 RONVER ROAD SE12 0NJ 3 Bed Maisonette Assured Short Term 96.04 £ 55,050 £ 121,670 £ 190,000
709030 Ronvers Road 96 RONVER ROAD SE12 0NJ 3 Bed Maisonette Long Lease 0.00 £ - £ - £ -
709018 Ronvers Road 75 RONVER ROAD SE12 0NR 3 Bed House Assured Protected 95.03 £ 54,470 £ 148,090 £ 260,000
709020 Ronvers Road 77 RONVER ROAD SE12 0NR 3 Bed House Assured 97.31 £ 55,780 £ 148,090 £ 260,000
BRR036000 Various BR DA SE 36 BRAMDEAN CRESCENT SE12 0NS 3 Bed House Assured 130.86 £ 73,090 £ 138,260 £ 225,000
902370 Burnt Ash Hill Flat B 90 Burnt Ash Hill SE12 0QE 1 Bed Flat Long Lease 0.00 £ - £ - £ -
902371 Burnt Ash Hill Flat C 90 Burnt Ash Hill SE12 0QE 1 Bed Flat Starter Tenancy 66.34 £ 32,400 £ 105,000 £ 175,000
902372 Burnt Ash Hill Flat D 90 Burnt Ash Hill SE12 0QE 1 Bed Flat Assured Protected 68.57 £ 33,490 £ 105,000 £ 175,000
685012 St Mildreds Road Flat A 12 St Mildreds Road SE12 0RA 2 Bed Flat Assured Protected 79.71 £ 41,260 £ 115,180 £ 195,000
685013 St Mildreds Road Flat B 12 St Mildreds Road SE12 0RA 1 Bed Flat Assured 71.19 £ 36,850 £ 103,610 £ 165,000
685014 St Mildreds Road Flat C 12 St Mildreds Road SE12 0RA 2 Bed Flat Long Lease 0.00 £ - £ - £ -
685015 St Mildreds Road Flat D 12 St Mildreds Road SE12 0RA 1 Bed Flat Assured Protected 69.77 £ 36,110 £ 103,610 £ 165,000
685016 St Mildreds Road Flat E 12 St Mildreds Road SE12 0RA 2 Bed Flat Long Lease 0.00 £ - £ - £ -
685017 St Mildreds Road Flat F 12 St Mildreds Road SE12 0RA 1 Bed Flat Assured Protected 68.91 £ 35,670 £ 103,610 £ 165,000
685018 St Mildreds Road Flat A 14 St Mildreds Road SE12 0RA 1 Bed Flat Starter Tenancy 71.19 £ 36,850 £ 103,610 £ 165,000
685019 St Mildreds Road Flat B 14 St Mildreds Road SE12 0RA 2 Bed Flat Assured Protected 79.85 £ 41,330 £ 115,190 £ 195,000
685020 St Mildreds Road Flat C 14 St Mildreds Road SE12 0RA 1 Bed Flat Long Lease 0.00 £ - £ - £ -
685021 St Mildreds Road Flat D 14 St Mildreds Road SE12 0RA 2 Bed Flat Assured 81.01 £ 41,930 £ 115,190 £ 195,000
685022 St Mildreds Road Flat E 14 St Mildreds Road SE12 0RA 1 Bed Flat Long Lease 0.00 £ - £ - £ -
685023 St Mildreds Road Flat F 14 St Mildreds Road SE12 0RA 2 Bed Flat Long Lease 0.00 £ - £ - £ -
WTH262000 Various BR DA SE 262 WESTHORNE AVENUE SE12 9AE 3 Bed House Assured 119.67 £ 66,840 £ 206,600 £ 325,000
766010 Corona and Elwyn 11 CORONA ROAD SE12 9LS 2 Bed Flat Long Lease 0.00 £ - £ - £ -
766011 Corona and Elwyn 13 CORONA ROAD SE12 9LS 2 Bed Flat Long Lease £ - £ - £ -
766012 Corona and Elwyn 15 CORONA ROAD SE12 9LS 2 Bed Flat Long Lease 0.00 £ - £ - £ -
766013 Corona and Elwyn 17 CORONA ROAD SE12 9LS 2 Bed Flat Assured Protected 81.41 £ 43,640 £ 95,380 £ 150,000
766014 Corona and Elwyn 19 CORONA ROAD SE12 9LS 2 Bed Flat Assured Protected 81.41 £ 43,640 £ 95,380 £ 150,000
766015 Corona and Elwyn 21 CORONA ROAD SE12 9LS 2 Bed Flat Assured Short Term 81.01 £ 43,430 £ 95,380 £ 150,000
766016 Corona and Elwyn 23 CORONA ROAD SE12 9LS 2 Bed Flat Assured 83.27 £ 44,640 £ 95,380 £ 150,000
766017 Corona and Elwyn 25 CORONA ROAD SE12 9LS 2 Bed Flat Assured Protected 80.22 £ 43,010 £ 95,380 £ 150,000
766018 Corona and Elwyn 27 CORONA ROAD SE12 9LS 2 Bed Flat Long Lease 0.00 £ - £ - £ -
766019 Corona and Elwyn 29 CORONA ROAD SE12 9LS 2 Bed Flat Long Lease 0.00 £ - £ - £ -
766020 Corona and Elwyn 31 CORONA ROAD SE12 9LS 2 Bed Flat Assured 88.80 £ 47,610 £ 95,380 £ 150,000
766021 Corona and Elwyn 33 CORONA ROAD SE12 9LS 2 Bed Flat Long Lease 0.00 £ - £ - £ -
766022 Corona and Elwyn 35 CORONA ROAD SE12 9LS 2 Bed Flat Assured Protected 80.83 £ 43,330 £ 95,380 £ 150,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 33 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
766023 Corona and Elwyn 37 CORONA ROAD SE12 9LS 2 Bed Flat Assured 80.83 £ 43,330 £ 95,380 £ 150,000
766024 Corona and Elwyn 39 CORONA ROAD SE12 9LS 2 Bed Flat Assured 81.86 £ 43,890 £ 95,380 £ 150,000
766025 Corona and Elwyn 41 CORONA ROAD SE12 9LS 2 Bed Flat Long Lease 0.00 £ - £ - £ -
766026 Corona and Elwyn 43 CORONA ROAD SE12 9LS 2 Bed Flat Long Lease 0.00 £ - £ - £ -
766027 Corona and Elwyn 45 CORONA ROAD SE12 9LS 2 Bed Flat Starter Tenancy 85.16 £ 45,660 £ 95,380 £ 150,000
766028 Corona and Elwyn 47 CORONA ROAD SE12 9LS 2 Bed Flat Assured Protected 80.38 £ 43,090 £ 95,380 £ 150,000
766029 Corona and Elwyn 49 CORONA ROAD SE12 9LS 2 Bed Flat Long Lease 0.00 £ - £ - £ -
766007 Corona and Elwyn 5 CORONA ROAD SE12 9LS 2 Bed Flat Assured Protected 80.46 £ 43,140 £ 95,380 £ 150,000
766030 Corona and Elwyn 51 CORONA ROAD SE12 9LS 2 Bed Flat Assured Protected 80.38 £ 43,090 £ 95,380 £ 150,000
766031 Corona and Elwyn 53 CORONA ROAD SE12 9LS 2 Bed Flat Assured Protected 80.38 £ 43,090 £ 95,380 £ 150,000
766032 Corona and Elwyn 55 CORONA ROAD SE12 9LS 3 Bed Flat Long Lease 0.00 £ - £ - £ -
766008 Corona and Elwyn 7 CORONA ROAD SE12 9LS 2 Bed Flat Long Lease 0.00 £ - £ - £ -
766009 Corona and Elwyn 9 CORONA ROAD SE12 9LS 2 Bed Flat Assured Protected 81.01 £ 43,430 £ 95,380 £ 150,000
702016 Corona and Elwyn 1 ELWYN GARDENS SE12 9LT 2 Bed Flat Assured Protected 81.37 £ 43,620 £ 95,380 £ 150,000
702025 Corona and Elwyn 10 ELWYN GARDENS SE12 9LT 1 Bed Flat Long Lease 0.00 £ - £ - £ -
702026 Corona and Elwyn 11 ELWYN GARDENS SE12 9LT 1 Bed Flat Assured 71.19 £ 38,170 £ 91,420 £ 130,000
702027 Corona and Elwyn 12 ELWYN GARDENS SE12 9LT 1 Bed Flat Assured 77.22 £ 41,400 £ 91,410 £ 130,000
702028 Corona and Elwyn 13 ELWYN GARDENS SE12 9LT 2 Bed Flat Assured Protected 81.97 £ 43,950 £ 95,380 £ 150,000
702029 Corona and Elwyn 14 ELWYN GARDENS SE12 9LT 2 Bed Flat Long Lease 0.00 £ - £ - £ -
702030 Corona and Elwyn 15 ELWYN GARDENS SE12 9LT 2 Bed Flat Assured 81.37 £ 43,620 £ 95,380 £ 150,000
702031 Corona and Elwyn 16 ELWYN GARDENS SE12 9LT 2 Bed Flat Assured Protected 81.64 £ 43,770 £ 95,380 £ 150,000
702032 Corona and Elwyn 17 ELWYN GARDENS SE12 9LT 2 Bed Flat Assured Protected 81.21 £ 43,540 £ 95,380 £ 150,000
702033 Corona and Elwyn 18 ELWYN GARDENS SE12 9LT 2 Bed Flat Assured 88.80 £ 47,600 £ 95,380 £ 150,000
702034 Corona and Elwyn 19 ELWYN GARDENS SE12 9LT 2 Bed Flat Assured Protected 81.64 £ 43,770 £ 95,380 £ 150,000
702017 Corona and Elwyn 2 ELWYN GARDENS SE12 9LT 2 Bed Flat Assured 81.86 £ 43,890 £ 95,380 £ 150,000
702035 Corona and Elwyn 20 ELWYN GARDENS SE12 9LT 2 Bed Flat Assured 81.00 £ 43,430 £ 95,380 £ 150,000
702036 Corona and Elwyn 21 ELWYN GARDENS SE12 9LT 2 Bed Flat Assured 81.21 £ 43,540 £ 95,380 £ 150,000
702037 Corona and Elwyn 22 ELWYN GARDENS SE12 9LT 2 Bed Flat Assured 81.21 £ 43,540 £ 95,380 £ 150,000
702038 Corona and Elwyn 23 ELWYN GARDENS SE12 9LT 2 Bed Flat Assured Protected 80.83 £ 43,330 £ 95,380 £ 150,000
702039 Corona and Elwyn 24 ELWYN GARDENS SE12 9LT 2 Bed Flat Assured 78.89 £ 42,290 £ 95,380 £ 150,000
766001 Corona and Elwyn 25 ELWYN GARDENS SE12 9LT 2 Bed Flat Assured 88.80 £ 47,610 £ 95,380 £ 150,000
766002 Corona and Elwyn 26 ELWYN GARDENS SE12 9LT 2 Bed Flat Assured Protected 82.80 £ 44,390 £ 95,380 £ 150,000
766003 Corona and Elwyn 27 ELWYN GARDENS SE12 9LT 2 Bed Flat Assured 81.54 £ 43,710 £ 95,380 £ 150,000
766004 Corona and Elwyn 28 ELWYN GARDENS SE12 9LT 2 Bed Flat Assured Protected 81.95 £ 43,930 £ 95,380 £ 150,000
766005 Corona and Elwyn 29 ELWYN GARDENS SE12 9LT 2 Bed Flat Long Lease 0.00 £ - £ - £ -
702018 Corona and Elwyn 3 ELWYN GARDENS SE12 9LT 2 Bed Flat Long Lease 0.00 £ - £ - £ -
766006 Corona and Elwyn 30 ELWYN GARDENS SE12 9LT 2 Bed Flat Long Lease 0.00 £ - £ - £ -
702019 Corona and Elwyn 4 ELWYN GARDENS SE12 9LT 2 Bed Flat Long Lease 0.00 £ - £ - £ -
702020 Corona and Elwyn 5 ELWYN GARDENS SE12 9LT 2 Bed Flat Assured Protected 80.83 £ 43,330 £ 95,380 £ 150,000
702021 Corona and Elwyn 6 ELWYN GARDENS SE12 9LT 2 Bed Flat Assured Protected 78.04 £ 41,840 £ 95,380 £ 150,000
702022 Corona and Elwyn 7 ELWYN GARDENS SE12 9LT 1 Bed Flat Assured Protected 71.36 £ 38,260 £ 91,420 £ 130,000
702023 Corona and Elwyn 8 ELWYN GARDENS SE12 9LT 1 Bed Flat Assured 77.22 £ 41,400 £ 91,420 £ 130,000
702024 Corona and Elwyn 9 ELWYN GARDENS SE12 9LT 1 Bed Flat Assured Protected 70.97 £ 38,050 £ 91,410 £ 130,000
702011 Various BR DA SE 52A GUIBAL ROAD SE12 9LX 2 Bed House Protected Assured 91.53 £ 51,130 £ 190,710 £ 305,000
702012 Various BR DA SE 54 GUIBAL ROAD SE12 9LX 2 Bed House Protected Assured 91.32 £ 51,010 £ 190,710 £ 305,000
452001 Marvels Lane Flat A 172 Marvels Lane SE12 9PJ 0 Bed Studio Flat Assured Protected 63.31 £ 31,090 £ 73,830 £ 105,000
452002 Marvels Lane Flat B 172 Marvels Lane SE12 9PJ 0 Bed Studio Flat Assured Protected 63.31 £ 31,090 £ 73,830 £ 105,000
452003 Marvels Lane Flat C 172 Marvels Lane SE12 9PJ 0 Bed Studio Flat Assured Protected 63.31 £ 31,090 £ 73,830 £ 105,000
452005 Marvels Lane Flat B 174 Marvels Lane SE12 9PJ 2 Bed Maisonette Long Lease 0.00 £ - £ - £ -
452006 Marvels Lane Flat C 174 Marvels Lane SE12 9PJ 2 Bed Maisonette Assured Protected 88.91 £ 43,660 £ 89,570 £ 130,000
50016 Marvels Lane Flat A 174 Marvels Lane SE12 9PJ 1 Bed Flat Long Lease 0.00 £ - £ - £ -
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 34 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
70497 Marvels Lane 345 MARVELS LANE SE12 9PU 4 Bed House Assured Protected 97.89 £ 48,070 £ 163,940 £ 310,000
7870400016 Various BR DA SE FLAT 40A, MORLEY ROAD SE13 6DF 3 Bed Flat Assured 122.61 £ 68,490 £ 212,230 £ 330,000
7870400026 Various BR DA SE FLAT 40B, MORLEY ROAD SE13 6DF 1 Bed Flat Assured 88.84 £ 49,620 £ 116,170 £ 170,000
7870400036 Various BR DA SE FLAT 40C, MORLEY ROAD SE13 6DF 1 Bed Flat Starter Tenancy 83.74 £ 46,770 £ 116,170 £ 170,000
286-COU21280000 Various BR DA SE 128 COURTHILL ROAD SE13 6DR 5 Bed House Assured 146.47 £ 81,810 £ 187,290 £ 300,000
286-LEW50000010 Various BR DA SE FLAT 1 388 LEWISHAM HIGH STREET SE13 6LE 1 Bed Flat Managing Agent 0.00 £ - £ - £ -
286-LEW50000020 Various BR DA SE FLAT 2 388 LEWISHAM HIGH STREET SE13 6LE 1 Bed Flat Managing Agent 0.00 £ - £ - £ -
286-HIT127700A0 Various BR DA SE 277A HITHER GREEN LANE SE13 6TH 1 Bed Flat Assured 87.99 £ 49,150 £ 116,170 £ 170,000
286-HIT127700B0 Various BR DA SE 277B HITHER GREEN LANE SE13 6TH 3 Bed Flat Assured 122.59 £ 68,480 £ 134,650 £ 210,000
2831070015 Various BR DA SE FLAT A, 107 BROOKBANK ROAD SE13 7BZ 1 Bed Flat Assured 84.47 £ 47,180 £ 134,650 £ 210,000
2831070025 Various BR DA SE FLAT B, 107 BROOKBANK ROAD SE13 7BZ 1 Bed Flat Assured 83.82 £ 46,820 £ 134,650 £ 210,000
286-PAN20010000 Pankhurst Close 1 Pankhurst Close SE14 5HW 2 Bed Maisonette Assured 98.43 £ 52,220 £ 105,810 £ 165,000
286-PAN20100000 Pankhurst Close 10 Pankhurst Close SE14 5HW 3 Bed Flat Starter Tenancy 115.09 £ 61,040 £ 116,250 £ 185,000
286-PAN20110000 Pankhurst Close 11 Pankhurst Close SE14 5HW 2 Bed Maisonette Assured 82.78 £ 43,920 £ 105,810 £ 165,000
286-PAN20120000 Pankhurst Close 12 Pankhurst Close SE14 5HW 1 Bed Maisonette Assured 71.13 £ 37,740 £ 94,680 £ 137,500
286-PAN20130000 Pankhurst Close Meeting Room 13 Pankhurst Close SE14 5HW Meeting Room Meeting Room £ - £ - £ -
286-PAN200200A0 Pankhurst Close 2a Pankhurst Close SE14 5HW 1 Bed Studio Flat Assured 46.34 £ 24,580 £ 88,660 £ 130,000
286-PAN200200B0 Pankhurst Close 2b Pankhurst Close SE14 5HW 1 Bed Studio Flat Starter Tenancy 74.98 £ 39,780 £ 88,660 £ 130,000
286-PAN20030000 Pankhurst Close 3 Pankhurst Close SE14 5HW 2 Bed Maisonette Assured 82.78 £ 43,920 £ 105,810 £ 165,000
286-PAN20040000 Pankhurst Close 4 Pankhurst Close SE14 5HW 2 Bed Maisonette Assured 82.78 £ 43,920 £ 105,810 £ 165,000
286-PAN200500A0 Pankhurst Close 5a Pankhurst Close SE14 5HW 1 Bed Studio Flat Assured 46.34 £ 24,580 £ 88,660 £ 130,000
286-PAN200500B0 Pankhurst Close 5b Pankhurst Close SE14 5HW 1 Bed Studio Flat Assured 46.34 £ 24,580 £ 88,660 £ 130,000
286-PAN20060000 Pankhurst Close 6 Pankhurst Close SE14 5HW 2 Bed Maisonette Assured 82.78 £ 43,920 £ 103,300 £ 160,000
286-PAN20070000 Pankhurst Close 7 Pankhurst Close SE14 5HW 1 Bed Flat Assured 71.13 £ 37,740 £ 94,680 £ 137,500
286-PAN20080000 Pankhurst Close 8 Pankhurst Close SE14 5HW 2 Bed Maisonette Assured 82.78 £ 43,920 £ 103,300 £ 160,000
286-PAN200900A0 Pankhurst Close 9a Pankhurst Close SE14 5HW 3 Bed Flat Assured 97.22 £ 51,580 £ 116,250 £ 185,000
286-PAN200900B0 Pankhurst Close 9b Pankhurst Close SE14 5HW 1 Bed Flat Assured 59.49 £ 31,560 £ 88,660 £ 130,000
286-BROD0400000 Various BR DA SE 40 BROCKLEHURST STREET SE14 5QR 3 Bed House Assured 115.04 £ 64,260 £ 187,290 £ 300,000
FLT027000 Florence Terrace 27 FLORENCE TERRACE SE14 6TR 3 Bed House Assured 129.04 £ 79,250 £ 154,440 £ 235,000
FLT029000 Florence Terrace 29 FLORENCE TERRACE SE14 6TR 3 Bed House Assured 128.08 £ 78,670 £ 154,440 £ 235,000
FLT031000 Florence Terrace 31 FLORENCE TERRACE SE14 6TR 3 Bed House Assured 129.04 £ 79,250 £ 154,440 £ 235,000
Florence Terrace 33 FLORENCE TERRACE SE14 6TR 3 Bed House Assured 128.08 £ 78,690 £ 154,440 £ 235,000
FLT035000 Florence Terrace 35 FLORENCE TERRACE SE14 6TR 3 Bed House Assured 129.04 £ 79,250 £ 154,440 £ 235,000
FLT037000 Florence Terrace 37 FLORENCE TERRACE SE14 6TR 3 Bed House Assured 133.74 £ 82,140 £ 154,450 £ 235,000
FLT039000 Florence Terrace 39 FLORENCE TERRACE SE14 6TR 3 Bed House Assured 129.04 £ 79,250 £ 154,450 £ 235,000
FLT041000 Florence Terrace 41 FLORENCE TERRACE SE14 6TR 3 Bed House Assured 129.04 £ 79,250 £ 154,450 £ 235,000
FLT043000 Florence Terrace 43 FLORENCE TERRACE SE14 6TR 3 Bed House Assured 129.04 £ 79,250 £ 154,450 £ 235,000
LGO056000 Various BR DA SE 56 LINDEN GROVE SE15 3LF 5 Bed House Secured Tenancy 154.85 £ 86,490 £ 310,330 £ 480,000
4170270010 Various BR DA SE 27A CARDEN ROAD SE15 3UB 1 Bed Flat Assured 110.01 £ 61,450 £ 134,650 £ 210,000
4170270020 Various BR DA SE 27B CARDEN ROAD SE15 3UB 3 Bed Flat Assured 136.55 £ 76,270 £ 269,690 £ 440,000
412179001A Various BR DA SE 179 BELLENDON ROAD SE15 4DG 3 Bed House Assured 136.55 £ 76,270 £ 269,690 £ 440,000
REJ0160004 Various BR DA SE 16 RELF ROAD SE15 4JS 3 Bed Flat Assured 126.02 £ 70,390 £ 264,060 £ 435,000
REJ035000 Various BR DA SE 35 RELF ROAD SE15 4JT 4 Bed House Assured 144.26 £ 80,580 £ 287,790 £ 460,000
REJ038000 Various BR DA SE 38 RELF ROAD SE15 4JT 3 Bed House Assured 128.17 £ 71,590 £ 269,690 £ 440,000
MMA187000 Marmadon Road 187 MARMADON ROAD SE18 1EG 2 Bed House Assured 107.80 £ 56,230 £ 115,000 £ 180,000
MMA189000 Marmadon Road 189 MARMADON ROAD SE18 1EG 2 Bed House Assured 103.51 £ 53,990 £ 115,000 £ 180,000
MMA191000 Marmadon Road 191 MARMADON ROAD SE18 1EG 2 Bed House Assured 102.67 £ 53,550 £ 115,000 £ 180,000
MMA193000 Marmadon Road 193 MARMADON ROAD SE18 1EG 2 Bed House Assured 107.80 £ 56,230 £ 115,000 £ 180,000
PLB328001 Plumstead High Street FLAT A 328 PLUMSTEAD HIGH STREET SE18 1JT 1 Bed Flat Starter Tenancy 76.64 £ 38,360 £ 84,100 £ 127,500
PLB328002 Plumstead High Street FLAT C 328 PLUMSTEAD HIGH STREET SE18 1JT 1 Bed Maisonette Assured 76.31 £ 38,190 £ 88,280 £ 135,000
PLB328003 Plumstead High Street FLAT B 328 PLUMSTEAD HIGH STREET SE18 1JT 2 Bed Maisonette Assured 86.49 £ 43,290 £ 99,300 £ 160,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 35 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
PLB336001 Plumstead High Street 336 PLUMSTEAD HIGH STREET SE18 1JT 2 Bed Flat Assured 95.08 £ 47,580 £ 96,660 £ 155,000
PLB336002 Plumstead High Street FLAT A 336 PLUMSTEAD HIGH STREET SE18 1JT 2 Bed Flat Assured 95.08 £ 47,580 £ 96,660 £ 155,000
ROT013000 Rockmount Road 13 ROCKMOUNT ROAD SE18 1LG 2 Bed Flat Assured 98.97 £ 55,420 £ 116,660 £ 180,000
ROT015000 Rockmount Road 15 ROCKMOUNT ROAD SE18 1LG 2 Bed Flat Assured 98.97 £ 55,420 £ 116,660 £ 180,000
ROT029000 Rockmount Road 29 ROCKMOUNT ROAD SE18 1LG 2 Bed Flat Assured 95.08 £ 53,240 £ 116,670 £ 180,000
ROT031000 Rockmount Road 31 ROCKMOUNT ROAD SE18 1LG 2 Bed Flat Assured 98.97 £ 55,420 £ 116,670 £ 180,000
ROT005000 Rockmount Road 5 ROCKMOUNT ROAD SE18 1LG 2 Bed Flat Assured 98.40 £ 55,080 £ 116,670 £ 180,000
ROT007000 Rockmount Road 7 ROCKMOUNT ROAD SE18 1LG 2 Bed Flat Assured 98.97 £ 55,420 £ 116,670 £ 180,000
VDJ014000 Various BR DA SE 14 VIEWLAND ROAD SE18 1PE 3 Bed House Fair Rent 109.73 £ 61,290 £ 121,820 £ 175,000
239-ROY10410000 Various BR DA SE 41 ROYDENE ROAD SE18 1PZ 2 Bed House Assured 103.82 £ 57,990 £ 106,530 £ 157,500
239-PAR11550000 Various BR DA SE 155 PARKDALE ROAD SE18 1RW 2 Bed Flat Assured 100.30 £ 56,020 £ 98,080 £ 150,000
RTH001000 Barth Mews 1 BARTH MEWS SE18 1SW 3 Bed House Assured 121.72 £ 66,930 £ 130,960 £ 205,000
RTH002000 Barth Mews 2 BARTH MEWS SE18 1SW 3 Bed House Assured 121.72 £ 66,930 £ 130,960 £ 205,000
RTH003000 Barth Mews 3 BARTH MEWS SE18 1SW 3 Bed House Assured 121.72 £ 66,930 £ 130,960 £ 205,000
RTH004000 Barth Mews 4 BARTH MEWS SE18 1SW 3 Bed House Assured 121.72 £ 66,930 £ 130,960 £ 205,000
RTH005000 Barth Mews 5 BARTH MEWS SE18 1SW 3 Bed House Assured 121.72 £ 66,930 £ 130,960 £ 205,000
RTH006000 Barth Mews 6 BARTH MEWS SE18 1SW 2 Bed House Assured 109.78 £ 60,350 £ 120,200 £ 180,000
KIK058000 Kings Highway 58 KINGS HIGHWAY SE18 2BG 2 Bed House Assured 110.36 £ 56,930 £ 125,830 £ 185,000
KIK062000 Kings Highway 62 KINGS HIGHWAY SE18 2BG 2 Bed House Assured 110.36 £ 56,930 £ 125,830 £ 185,000
KIK064000 Kings Highway 64 KINGS HIGHWAY SE18 2BG 2 Bed House Assured 110.36 £ 56,930 £ 125,830 £ 185,000
KIK066000 Kings Highway 66 KINGS HIGHWAY SE18 2BG 2 Bed House Assured 110.36 £ 56,930 £ 125,830 £ 185,000
KIK068000 Kings Highway 68 KINGS HIGHWAY SE18 2BG 2 Bed House Assured 110.36 £ 56,930 £ 125,830 £ 185,000
KIK070000 Kings Highway 70 KINGS HIGHWAY SE18 2BG 2 Bed House Assured 110.58 £ 57,040 £ 125,830 £ 185,000
KIK072000 Kings Highway 72 KINGS HIGHWAY SE18 2BG 2 Bed House Assured 110.36 £ 56,930 £ 125,830 £ 185,000
KIK080000 Kings Highway 80 KINGS HIGHWAY SE18 2BG 2 Bed House Assured 109.31 £ 56,380 £ 119,190 £ 175,000
BUT034000 Various BR DA SE 34 HIGHMEAD SE18 2DJ 2 Bed House Assured 110.36 £ 61,640 £ 127,180 £ 225,000
FLA036000 Various BR DA SE 36 FLAXTON ROAD SE18 2JR 3 Bed House Assured 129.45 £ 72,310 £ 136,260 £ 207,500
REV027000 Various BR DA SE 27 REVELL RISE SE18 2NY 3 Bed House Fair Rent 126.30 £ 70,550 £ 107,130 £ 160,000
REV038000 Various BR DA SE 38 REVELL RISE SE18 2NY 3 Bed House Assured 135.70 £ 75,800 £ 107,130 £ 160,000
HTT024000 Hatton Close 24 HATTON CLOSE SE18 2PX 3 Bed House Assured 131.63 £ 72,780 £ 119,550 £ 170,000
HTT026000 Hatton Close 26 HATTON CLOSE SE18 2PX 3 Bed House Assured 131.63 £ 72,780 £ 119,550 £ 170,000
HTT027000 Hatton Close 27 HATTON CLOSE SE18 2PX 3 Bed House Assured 131.63 £ 72,780 £ 119,550 £ 170,000
HTT023001 Hatton Close 23 HATTON CLOSE SE18 2PX 4 Bed House Assured 138.68 £ 76,660 £ 141,350 £ 220,000
WLO020000 Wrottesley Road GROUND FLOOR FLAT 20 WROTTESLEY ROAD SE18 3EP 2 Bed Flat Assured 96.87 £ 49,050 £ 98,360 £ 155,000
WLO020001 Wrottesley Road 1ST FF 20 WROTTESLEY ROAD SE18 3EP 3 Bed Flat Assured 96.47 £ 48,840 £ 117,370 £ 187,500
WLO022000 Wrottesley Road GF FLAT 22 WROTTESLEY ROAD SE18 3EP 2 Bed Flat Fair Rent 79.93 £ 40,470 £ 98,360 £ 155,000
WLO022001 Wrottesley Road FLAT A 22 WROTTESLEY ROAD SE18 3EP 3 Bed Flat Assured 97.54 £ 49,390 £ 117,370 £ 187,500
WLO004000 Wrottesley Road GROUND FLOOR FLAT 4 WROTTESLEY ROAD SE18 3EP 1 Bed Flat Assured 80.47 £ 40,740 £ 90,590 £ 140,000
WLO004001 Wrottesley Road FLAT B 4 WROTTESLEY ROAD SE18 3EP 1 Bed Flat Assured 81.88 £ 41,460 £ 90,590 £ 140,000
WLO004002 Wrottesley Road FLAT C 4 WROTTESLEY ROAD SE18 3EP 2 Bed Flat Starter Tenancy 92.26 £ 46,710 £ 98,360 £ 155,000
WLO021000 Wrottesley Road GROUND FLOOR FLAT 21 WROTTESLEY ROAD SE18 3EW 2 Bed Flat Assured 96.87 £ 49,050 £ 98,360 £ 155,000
WLO021001 Wrottesley Road FLAT A 21 WROTTESLEY ROAD SE18 3EW 2 Bed Flat Assured 98.97 £ 50,110 £ 101,940 £ 160,000
WLO031000 Wrottesley Road FLAT A 31 WROTTESLEY ROAD SE18 3EW 2 Bed Flat Assured 95.12 £ 48,160 £ 98,360 £ 155,000
WLO031001 Wrottesley Road FLAT B 31 WROTTESLEY ROAD SE18 3EW 3 Bed Flat Assured 107.45 £ 54,400 £ 113,710 £ 180,000
WLO007000 Wrottesley Road 1ST/2ND F FLAT 7 WROTTESLEY ROAD SE18 3EW 3 Bed Flat Assured 107.57 £ 54,470 £ 121,030 £ 195,000
WLO007001 Wrottesley Road FLAT A 7 WROTTESLEY ROAD SE18 3EW 1 Bed Flat Assured 83.24 £ 42,150 £ 90,600 £ 140,000
VAJ019001 Various BR DA SE FLAT A 19 VAMBERY ROAD SE18 3HA 1 Bed Flat Managing Agent 0.00 £ - £ - £ -
VAJ019000 Various BR DA SE GF FLAT 19 VAMBERY ROAD SE18 3HA 2 Bed Flat Assured 93.26 £ 52,090 £ 164,850 £ 225,000
4402090012 Various BR DA SE 209 SHOOTERS HILL SE18 3HP 3 Bed House Secured Tenancy 109.10 £ 60,940 £ 168,450 £ 240,000
4402190019 Various BR DA SE 219 SHOOTERS HILL SE18 3HP 3 Bed House Secured Tenancy 86.93 £ 48,560 £ 168,450 £ 240,000
4402270010 Various BR DA SE 227 SHOOTERS HILL SE18 3HP 3 Bed House Secured Tenancy 109.10 £ 60,940 £ 168,450 £ 240,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 36 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
WFO074000 Whitworth Road FLAT A 74 WHITWORTH ROAD SE18 3QF 1 Bed Flat Fair Rent 76.64 £ 40,250 £ 92,410 £ 140,000
WFO074002 Whitworth Road FLAT B 74 WHITWORTH ROAD SE18 3QF 2 Bed Flat Assured 96.87 £ 50,860 £ 112,580 £ 180,000
WFO037000 Whitworth Road GROUND FLOOR FLAT 37 WHITWORTH ROAD SE18 3QG 1 Bed Flat Assured 81.88 £ 42,990 £ 92,410 £ 140,000
WFO037001 Whitworth Road 1ST FL FLAT 37 WHITWORTH ROAD SE18 3QG 1 Bed Flat Assured 81.88 £ 42,990 £ 92,410 £ 140,000
WFO059000 Whitworth Road 59 WHITWORTH ROAD SE18 3QG 3 Bed House Assured 121.79 £ 63,940 £ 131,360 £ 225,000
WFO063000 Whitworth Road GF FLAT 63 WHITWORTH ROAD SE18 3QG 2 Bed Flat Assured 96.87 £ 50,860 £ 108,750 £ 170,000
WFO063001 Whitworth Road FLAT A 63 WHITWORTH ROAD SE18 3QG 2 Bed Flat Assured 96.87 £ 50,860 £ 112,580 £ 180,000
WFO069000 Whitworth Road GROUND FLOOR FLAT 69 WHITWORTH ROAD SE18 3QG 2 Bed Flat Fair Rent 86.27 £ 45,290 £ 108,750 £ 170,000
WFO069001 Whitworth Road FLAT A 69 WHITWORTH ROAD SE18 3QG 2 Bed Flat Assured 98.97 £ 51,960 £ 108,750 £ 170,000
WJE195001 Various BR DA SE FIRST FLOOR FLAT 195 WOODHILL SE18 5HN 2 Bed Flat Assured 99.16 £ 55,390 £ 109,900 £ 190,000
WJE195000 Various BR DA SE GROUND FLOOR FLAT 195 WOODHILL SE18 5HN 2 Bed Flat Assured 96.48 £ 53,890 £ 109,900 £ 190,000
WJE122000 Various BR DA SE 122 WOODHILL SE18 5JL 3 Bed House Assured 121.72 £ 67,990 £ 159,220 £ 220,000
WJE124000 Various BR DA SE 124 WOODHILL SE18 5JL 3 Bed House Assured 121.72 £ 67,990 £ 164,850 £ 225,000
GUL048000 Various BR DA SE 48 GUNNER LANE SE18 6XH 3 Bed House Assured 131.63 £ 73,520 £ 159,220 £ 220,000
SYD154003 Various BR DA SE 154A SANDY HILL ROAD SE18 7BA 2 Bed Flat Assured 92.82 £ 51,850 £ 125,040 £ 170,000
WDO035001 Various BR DA SE FLAT A 35 WERNBROOK STREET SE18 7RU 1 Bed Flat Fair Rent 69.02 £ 38,590 £ 114,790 £ 155,000
WDO075001 Various BR DA SE FLAT A 75 WERNBROOK STREET SE18 7RU 1 Bed Flat Assured 81.01 £ 45,250 £ 114,790 £ 155,000
WDO035000 Various BR DA SE GF FLAT 35 WERNBROOK STREET SE18 7RU 1 Bed Flat Fair Rent 76.64 £ 42,810 £ 114,790 £ 155,000
WDO075000 Various BR DA SE GROUND FLOOR FLAT 75 WERNBROOK STREET SE18 7RU 1 Bed Flat Fair Rent 68.74 £ 38,450 £ 114,790 £ 155,000
VCJ066000 Various BR DA SE 66 VICARAGE PARK SE18 7SU 4 Bed House Assured 131.89 £ 73,670 £ 151,180 £ 205,000
WBY118001 Various BR DA SE GR/1ST FL 118 WAVERLEY ROAD SE18 7TJ 3 Bed Flat Assured 106.00 £ 59,210 £ 140,930 £ 190,000
WBY118000 Various BR DA SE LGF FLAT 118 WAVERLEY ROAD SE18 7TJ 1 Bed Flat Assured 79.55 £ 44,430 £ 114,790 £ 155,000
BEP106000 Various BR DA SE 106 BEAUCHAMP ROAD SE19 3DB 3 Bed HouseShort Term Assured
Tenancy 131.63 £ 73,520 £ 197,730 £ 325,000
BHB030713 Beulah Hill FLAT 13 307-309 BEULAH HILL SE19 3UZ 1 Bed Flat Assured 81.90 £ 50,070 £ 113,300 £ 165,000
BHB030714 Beulah Hill FLAT 14 307-309 BEULAH HILL SE19 3UZ 2 Bed Flat Assured 89.42 £ 54,660 £ 139,670 £ 220,000
BHB030715 Beulah Hill FLAT 15 307-309 BEULAH HILL SE19 3UZ 2 Bed Flat Assured 92.33 £ 56,440 £ 139,670 £ 220,000
BHB030716 Beulah Hill FLAT 16 307-309 BEULAH HILL SE19 3UZ 2 Bed Flat Assured 92.33 £ 56,440 £ 139,670 £ 220,000
BHB030717 Beulah Hill FLAT 17 307-309 BEULAH HILL SE19 3UZ 2 Bed Flat Assured 100.56 £ 61,470 £ 139,670 £ 220,000
BHB030718 Beulah Hill FLAT 18 307-309 BEULAH HILL SE19 3UZ 2 Bed Flat Assured 92.33 £ 56,440 £ 139,670 £ 220,000
BHB030719 Beulah Hill FLAT 19 307-309 BEULAH HILL SE19 3UZ 2 Bed Flat Assured 92.33 £ 56,440 £ 139,670 £ 220,000
BHB030720 Beulah Hill FLAT 20 307-309 BEULAH HILL SE19 3UZ 2 Bed Flat Assured 92.33 £ 56,440 £ 139,670 £ 220,000
BHB030721 Beulah Hill FLAT 21 307-309 BEULAH HILL SE19 3UZ 2 Bed Flat Assured 92.33 £ 56,440 £ 139,670 £ 220,000
BHB030722 Beulah Hill FLAT 22 307-309 BEULAH HILL SE19 3UZ 2 Bed Flat Assured 96.06 £ 58,720 £ 139,670 £ 220,000
BHB030723 Beulah Hill FLAT 23 307-309 BEULAH HILL SE19 3UZ 2 Bed Flat Assured 92.33 £ 56,440 £ 139,670 £ 220,000
GIN001000 Various BR DA SE 1 BIGGIN WAY SE19 3XE 3 Bed House Assured 114.56 £ 63,990 £ 197,730 £ 325,000
CLP097001 Church Manor FLAT 1 97 CHURCH MANOR WAY SE2 0HY 1 Bed Flat Assured 85.88 £ 44,270 £ 83,660 £ 135,000
CLP097002 Church Manor FLAT 2 97 CHURCH MANOR WAY SE2 0HY 1 Bed Flat Starter Tenancy 82.32 £ 42,440 £ 83,660 £ 135,000
CLP097003 Church Manor FLAT 3 97 CHURCH MANOR WAY SE2 0HY 1 Bed Flat Assured 88.81 £ 45,780 £ 83,660 £ 135,000
CLP097004 Church Manor FLAT 4 97 CHURCH MANOR WAY SE2 0HY 1 Bed Flat Assured 90.56 £ 46,690 £ 83,660 £ 135,000
CLP097005 Church Manor FLAT 5 97 CHURCH MANOR WAY SE2 0HY 1 Bed Flat Assured 68.83 £ 35,490 £ 95,180 £ 155,000
CLP097006 Church Manor FLAT 6 97 CHURCH MANOR WAY SE2 0HY 1 Bed Flat Assured 87.93 £ 45,330 £ 95,180 £ 155,000
MNN015000 Manton Road 15 MANTON ROAD SE2 0JE 2 Bed House Assured 123.74 £ 67,950 £ 116,250 £ 175,000
MNN017000 Manton Road 17 MANTON ROAD SE2 0JE 2 Bed House Assured 120.65 £ 66,250 £ 116,250 £ 175,000
MNN023000 Manton Road 23 MANTON ROAD SE2 0JE 2 Bed House Assured 120.62 £ 66,240 £ 116,250 £ 175,000
MNN027000 Manton Road 27 MANTON ROAD SE2 0JE 2 Bed House Assured 126.68 £ 69,560 £ 116,250 £ 175,000
WCK116000 Wickham Lane 116 WICKHAM LANE SE2 0NX 3 Bed House Assured 136.55 £ 78,740 £ 144,830 £ 220,000
WCK056000 Wickham Lane 56 WICKHAM LANE SE2 0NX 3 Bed House Assured 128.60 £ 74,160 £ 138,040 £ 210,000
WCK058000 Wickham Lane 58 WICKHAM LANE SE2 0NX 2 Bed House Assured 126.68 £ 73,050 £ 117,850 £ 165,000
WCK050000 Wickham Lane 50 WICKHAM LANE SE2 0XN 3 Bed House Assured 113.51 £ 65,510 £ 138,040 £ 210,000
WCK064000 Wickham Lane 64 WICKHAM LANE SE2 0XN 3 Bed House Assured 125.18 £ 72,190 £ 144,830 £ 220,000
WCK086000 Wickham Lane 86 WICKHAM LANE SE2 0XN 3 Bed House Assured 128.02 £ 73,820 £ 138,040 £ 210,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 37 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
WCK164000 Wickham Lane 164 WICKHAM LANE SE2 0XP 3 Bed House Assured 136.55 £ 78,740 £ 138,040 £ 210,000
WCK140000 Wickham Lane 140 WICKHAM LANE SE2 0XR 3 Bed House Assured 136.55 £ 78,740 £ 144,830 £ 220,000
WCK154000 Wickham Lane 154 WICKHAM LANE SE2 0XR 3 Bed House Assured 128.02 £ 73,820 £ 144,830 £ 220,000
WCK156000 Wickham Lane 156 WICKHAM LANE SE2 0XR 3 Bed House Assured 136.55 £ 78,740 £ 144,830 £ 220,000
WCK158000 Wickham Lane 158 WICKHAM LANE SE2 0XR 3 Bed House Assured 136.55 £ 78,740 £ 130,350 £ 200,000
WCK160000 Wickham Lane 160 WICKHAM LANE SE2 0XR 3 Bed House Assured 128.02 £ 73,820 £ 138,040 £ 210,000
WCK162000 Wickham Lane 162 WICKHAM LANE SE2 0XR 3 Bed House Assured 141.88 £ 81,820 £ 138,040 £ 210,000
WCK166000 Wickham Lane 166 WICKHAM LANE SE2 0XR 3 Bed House Assured 128.02 £ 73,820 £ 138,040 £ 210,000
WCK168000 Wickham Lane 168 WICKHAM LANE SE2 0XR 3 Bed House Assured 138.64 £ 79,950 £ 138,040 £ 210,000
WCK176000 Wickham Lane 176 WICKHAM LANE SE2 0XR 3 Bed House Assured 135.65 £ 78,220 £ 144,830 £ 220,000
WCK178000 Wickham Lane 178 WICKHAM LANE SE2 0XR 3 Bed House Assured 128.02 £ 73,820 £ 144,830 £ 220,000
WCK200000 Wickham Lane 200 WICKHAM LANE SE2 0XR 3 Bed House Assured 133.49 £ 76,980 £ 144,830 £ 220,000
WCK212000 Wickham Lane 212 WICKHAM LANE SE2 0XR 3 Bed House Fair Rent 126.30 £ 72,830 £ 144,830 £ 220,000
WCK214000 Wickham Lane 214 WICKHAM LANE SE2 0XR 3 Bed House Assured 128.02 £ 73,820 £ 144,830 £ 220,000
WCK220000 Wickham Lane 220 WICKHAM LANE SE2 0XR 3 Bed House Assured 128.02 £ 73,820 £ 138,040 £ 210,000
WCK224000 Wickham Lane 224 WICKHAM LANE SE2 0XS 3 Bed House Assured 136.55 £ 78,740 £ 138,040 £ 210,000
WCK226000 Wickham Lane 226 WICKHAM LANE SE2 0XS 3 Bed House Assured 128.02 £ 73,820 £ 138,040 £ 210,000
WCK238000 Wickham Lane 238 WICKHAM LANE SE2 0XS 3 Bed House Assured 136.55 £ 78,740 £ 138,040 £ 210,000
WCK240000 Wickham Lane 240 WICKHAM LANE SE2 0XS 3 Bed House Assured 125.59 £ 72,420 £ 144,830 £ 220,000
WCK242000 Wickham Lane 242 WICKHAM LANE SE2 0XS 3 Bed House Assured 136.55 £ 78,740 £ 138,040 £ 210,000
WCK102001 Wickham Lane 102 WICKHAM LANE SE2 0XW 3 Bed House Assured 128.02 £ 73,820 £ 144,830 £ 220,000
WCK104000 Wickham Lane 104 WICKHAM LANE SE2 0XW 3 Bed House Assured 122.08 £ 70,400 £ 138,040 £ 210,000
WCK106000 Wickham Lane 106 WICKHAM LANE SE2 0XW 3 Bed House Assured 128.02 £ 73,820 £ 144,830 £ 220,000
WCK108000 Wickham Lane 108 WICKHAM LANE SE2 0XW 3 Bed House Assured 136.55 £ 78,740 £ 144,830 £ 220,000
WCK114000 Wickham Lane 114 WICKHAM LANE SE2 0XW 3 Bed House Assured 136.55 £ 78,740 £ 138,040 £ 210,000
WCK118000 Wickham Lane 118 WICKHAM LANE SE2 0XW 3 Bed House Managed 0.00 £ - £ - £ -
WCK126000 Wickham Lane 126 WICKHAM LANE SE2 0XW 3 Bed House Assured 134.13 £ 77,350 £ 138,040 £ 210,000
WCK128000 Wickham Lane 128 WICKHAM LANE SE2 0XW 3 Bed House Assured 120.96 £ 69,750 £ 138,040 £ 210,000
WCK090000 Wickham Lane 90 WICKHAM LANE SE2 0XW 3 Bed House Assured 136.35 £ 78,630 £ 144,830 £ 220,000
WCK092000 Wickham Lane 92 WICKHAM LANE SE2 0XW 3 Bed House Assured 126.65 £ 73,030 £ 144,830 £ 220,000
WCK203000 Wickham Lane 203 WICKHAM LANE SE2 0YB 2 Bed House Assured 118.12 £ 68,110 £ 117,840 £ 165,000
GVB068000 Various BR DA SE 68 GROVEBURY ROAD SE2 9BB 3 Bed House Assured 126.08 £ 70,420 £ 118,390 £ 170,000
EMD063000 Various BR DA SE 63 AMPLEFORTH ROAD SE2 9BE 3 Bed House Assured 135.70 £ 75,800 £ 118,390 £ 170,000
EMD089000 Various BR DA SE 89 AMPLEFORTH ROAD SE2 9BE 3 Bed House Assured 135.70 £ 75,800 £ 118,390 £ 170,000
BLI012000 Blithdale Road 12 BLITHDALE ROAD SE2 9HJ 2 Bed House Assured 124.48 £ 70,980 £ 116,070 £ 175,000
BLI022000 Blithdale Road 22 BLITHDALE ROAD SE2 9HJ 2 Bed House Assured 121.74 £ 69,420 £ 116,070 £ 175,000
BLI003000 Blithdale Road 3 BLITHDALE ROAD SE2 9HW 2 Bed House Assured 120.11 £ 68,490 £ 111,870 £ 167,500
BLI005000 Blithdale Road 5 BLITHDALE ROAD SE2 9HW 3 Bed House Fair Rent 127.01 £ 72,420 £ 124,920 £ 195,000
BYT004000 Various BR DA SE 4 BIRKDALE ROAD SE2 9HX 2 Bed House Assured 126.68 £ 70,760 £ 100,890 £ 152,500
BLI002000 Blithdale Road 2 BLITHDALE ROAD SE2 9HX 2 Bed House Assured 120.47 £ 68,690 £ 116,070 £ 175,000
CHW100000 Various BR DA SE 100 CHURCH MANOR WAY SE2 9LX 3 Bed House Assured 129.01 £ 72,060 £ 113,360 £ 167,500
FNC019000 Various BR DA SE 19 FINCHALE ROAD SE2 9PG 3 Bed House Assured 131.63 £ 73,520 £ 118,390 £ 170,000
3871710017 Various BR DA SE 171 EYNSHAM DRIVE SE2 9PS 3 Bed House Assured 122.92 £ 68,660 £ 121,220 £ 172,500
FXS102000 Various BR DA SE 102 FELIXSTOWE ROAD SE2 9QU 3 Bed House Assured 131.35 £ 73,370 £ 118,390 £ 170,000
EYS126000 Various BR DA SE 126 EYNSHAM DRIVE SE2 9QZ 3 Bed House Assured 135.70 £ 75,800 £ 118,390 £ 170,000
GVB010000 Various BR DA SE 10 GROVEBURY ROAD SE2 9YA 4 Bed House Assured 138.68 £ 77,460 £ 127,630 £ 190,000
SCE018002 Various BR DA SE FIRST FLOOR FLAT 18 ST JOHNS ROAD SE20 7ED 2 Bed Maisonette Assured 91.90 £ 51,330 £ 99,880 £ 157,500
SCE018001 Various BR DA SE GROUND FLOOR FLAT 18 ST JOHNS ROAD SE20 7ED 1 Bed Flat Assured 84.49 £ 47,190 £ 89,630 £ 142,500
SEM068000 Various BR DA SE 68 SEYMOUR VILLAS SE20 8TT 2 Bed House Assured 111.16 £ 62,090 £ 130,410 £ 220,000
PIG011001 Various BR DA SE FLAT A 11 PIERMONT ROAD SE22 0LN 2 Bed Flat Assured 99.86 £ 55,780 £ 156,350 £ 245,000
PIG011002 Various BR DA SE FLAT B 11 PIERMONT ROAD SE22 0LN 2 Bed Flat Assured 99.16 £ 55,390 £ 156,350 £ 245,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 38 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
OAJ014000 Oakhurst Grove FLAT A 14 OAKHURST GROVE SE22 9AQ 1 Bed Flat Assured 91.88 £ 49,030 £ 164,700 £ 275,000
OAJ014001 Oakhurst Grove FLAT B 14 OAKHURST GROVE SE22 9AQ 1 Bed Flat Fair Rent 73.76 £ 39,360 £ 164,700 £ 275,000
OAJ014002 Oakhurst Grove FLAT C 14 OAKHURST GROVE SE22 9AQ 2 Bed Flat Fair Rent 73.34 £ 39,150 £ 200,960 £ 340,000
OAJ002000 Oakhurst Grove 2 OAKHURST GROVE SE22 9AQ 1 Bed Flat Assured 84.58 £ 45,130 £ 164,700 £ 275,000
OAJ002001 Oakhurst Grove FIRST FLOOR FLAT 2 OAKHURST GROVE SE22 9AQ 1 Bed Flat Assured 84.15 £ 44,900 £ 164,700 £ 275,000
OAJ002002 Oakhurst Grove FLAT B 2 OAKHURST GROVE SE22 9AQ 2 Bed Flat Assured 97.30 £ 51,920 £ 200,960 £ 340,000
OAJ020000 Oakhurst Grove FLAT A 20 OAKHURST GROVE SE22 9AQ 1 Bed Flat Assured 88.92 £ 47,450 £ 164,700 £ 275,000
OAJ020001 Oakhurst Grove FLAT B 20 OAKHURST GROVE SE22 9AQ 1 Bed Flat Assured 88.92 £ 47,450 £ 164,700 £ 275,000
OAJ020002 Oakhurst Grove FLAT C 20 OAKHURST GROVE SE22 9AQ 1 Bed Flat Starter Tenancy 77.14 £ 41,160 £ 164,700 £ 275,000
OAJ022000 Oakhurst Grove FLAT C 22 OAKHURST GROVE SE22 9AQ 1 Bed Flat Assured 88.92 £ 47,450 £ 164,700 £ 275,000
OAJ022001 Oakhurst Grove FLAT A 22 OAKHURST GROVE SE22 9AQ 1 Bed Flat Assured 92.40 £ 49,310 £ 164,700 £ 275,000
OAJ022002 Oakhurst Grove FLAT B 22 OAKHURST GROVE SE22 9AQ 1 Bed Flat Assured 88.92 £ 47,450 £ 164,700 £ 275,000
OAJ032000 Oakhurst Grove FLAT A 32 OAKHURST GROVE SE22 9AQ 2 Bed Flat Fair Rent 81.56 £ 43,520 £ 200,960 £ 340,000
OAJ032001 Oakhurst Grove FLAT B 32 OAKHURST GROVE SE22 9AQ 1 Bed Flat Assured 82.85 £ 44,210 £ 164,700 £ 275,000
OAJ032002 Oakhurst Grove FLAT C 32 OAKHURST GROVE SE22 9AQ 1 Bed Flat Assured 88.92 £ 47,450 £ 164,700 £ 275,000
OAJ048000 Oakhurst Grove FLAT A 48 OAKHURST GROVE SE22 9AQ 1 Bed Flat Assured 90.68 £ 48,390 £ 164,700 £ 275,000
OAJ048001 Oakhurst Grove FLAT B 48 OAKHURST GROVE SE22 9AQ 1 Bed Flat Assured 80.96 £ 43,200 £ 164,700 £ 275,000
OAJ048003 Oakhurst Grove FLAT C 48 OAKHURST GROVE SE22 9AQ 1 Bed Flat Assured 88.92 £ 47,450 £ 164,700 £ 275,000
OAJ008000 Oakhurst Grove FLAT A 8 OAKHURST GROVE SE22 9AQ 2 Bed Flat Starter Tenancy 96.99 £ 51,760 £ 200,960 £ 340,000
OAJ008001 Oakhurst Grove FLAT B 8 OAKHURST GROVE SE22 9AQ 1 Bed Flat Assured 86.14 £ 45,970 £ 164,700 £ 275,000
OAJ008002 Oakhurst Grove FLAT C 8 OAKHURST GROVE SE22 9AQ 2 Bed Flat Assured 99.86 £ 53,290 £ 200,960 £ 340,000
3500290025 Various BR DA SE FLAT 2, 29 BEADNELL ROAD SE23 1AA 1 Bed Flat Assured 89.65 £ 50,080 £ 139,460 £ 230,000
3500290015 Various BR DA SE FLAT B, 29 BEADNELL ROAD SE23 1AA 1 Bed Flat Assured 87.93 £ 49,120 £ 139,460 £ 230,000
3500290035 Various BR DA SE FLAT C, 29 BEADNELL ROAD SE23 1AA 2 Bed Flat Assured 105.57 £ 58,970 £ 152,520 £ 247,500
286-BRO20630000 Various BR DA SE 63 BROCKLEY RISE SE23 1JN 4 Bed House Assured 126.69 £ 70,770 £ 190,940 £ 287,500
286-NOR20020000 Various BR DA SE 2 NORMANTON STREET SE23 2DT 3 Bed House Secured Tenancy 74.10 £ 41,390 £ 182,490 £ 280,000
286-NOR20030000 Various BR DA SE 3 NORMANTON STREET SE23 2DT 3 Bed House Secured Tenancy 70.19 £ 39,250 £ 182,490 £ 280,000
286-NOR20040000 Various BR DA SE 4 NORMANTON STREET SE23 2DT 3 Bed House Assured 90.65 £ 50,630 £ 182,490 £ 280,000
3120400017 Various BR DA SE FLAT A 40 ELSINORE ROAD SE23 2SL 1 Bed Flat Assured 89.65 £ 50,080 £ 126,170 £ 195,000
3120400027 Various BR DA SE FLAT B 40 ELSINORE ROAD SE23 2SL 1 Bed Flat Assured 82.42 £ 46,040 £ 126,170 £ 195,000
3380400011 Various BR DA SE FLAT A, 40 WOODVALE SE23 3EE 1 Bed Flat Assured 89.65 £ 50,080 £ 126,170 £ 195,000
3380400021 Various BR DA SE FLAT B, 40 WOODVALE SE23 3EE 2 Bed Flat Assured 96.37 £ 53,830 £ 139,840 £ 215,000
SMY028001 Various BR DA SE FLAT A 28 SPENSER ROAD SE24 0NR 3 Bed Flat Assured 115.61 £ 64,580 £ 220,410 £ 382,500
SMY028002 Various BR DA SE FLAT B 28 SPENSER ROAD SE24 0NR 1 Bed Flat Assured 90.08 £ 50,320 £ 125,420 £ 190,000
DCE002001 Various BR DA SE FLAT A 2 DEERBROOK ROAD SE24 9BE 3 Bed Flat Fair Rent 88.77 £ 49,580 £ 157,970 £ 242,500
DCE002002 Various BR DA SE FLAT B 2 DEERBROOK ROAD SE24 9BE 3 Bed Flat Assured 110.01 £ 61,450 £ 155,150 £ 240,000
AMO051000 Various BR DA SE 51 HAMBROOK ROAD SE25 4HL 3 Bed House Assured 131.65 £ 73,540 £ 151,740 £ 235,000
AMR005000 Various BR DA SE 5 CHARTHAM ROAD SE25 4HN 3 Bed House Secured Tenancy 127.15 £ 71,020 £ 151,740 £ 235,000
RHM004000 Various BR DA SE 40 CHARTHAM ROAD SE25 4HP 3 Bed House Assured 119.20 £ 66,580 £ 151,740 £ 235,000
WVY004700 Various BR DA SE 47 WAVERLEY ROAD SE25 4HT 3 Bed House Assured 114.51 £ 63,960 £ 151,740 £ 235,000
LSD027000 Various BR DA SE 27 LONSDALE ROAD SE25 4JJ 3 Bed House Assured 119.67 £ 66,840 £ 151,740 £ 235,000
HEF114A00 Various BR DA SE 114A HARRINGTON ROAD SE25 4NB 3 Bed House Assured 131.63 £ 73,520 £ 151,740 £ 235,000
OTE016000 Various BR DA SE 16 SOUTHCOTE ROAD SE25 4RG 3 Bed House Assured 131.63 £ 73,520 £ 151,740 £ 235,000
SND047000 Various BR DA SE 47 SANDOWN ROAD SE25 4XD 3 Bed House Assured 131.65 £ 73,540 £ 151,740 £ 235,000
WOO015000 Various BR DA SE 15 WOODSIDE PARK SE25 5DN 4 Bed House Assured 138.68 £ 77,460 £ 166,580 £ 252,500
WSG015900 Various BR DA SE 159 WOODSIDE GREEN SE25 5EY 3 Bed House Assured 131.63 £ 73,520 £ 162,380 £ 235,000
SWH008000 Various BR DA SE 8 SOUTH NORWOOD HILL SE25 6AB 5 Bed House Assured 119.67 £ 66,840 £ 198,190 £ 290,000
GYN001000 Various BR DA SE 1 GLYN CLOSE SE25 6DT 3 Bed House Assured 131.63 £ 73,520 £ 164,200 £ 250,000
HTR007000 Various BR DA SE 7 HUNTLY ROAD SE25 6QY 4 Bed House Assured 138.68 £ 77,460 £ 179,480 £ 267,500
ARY026000 Various BR DA SE 26 PARRY ROAD SE25 6RJ 5 Bed House Fair Rent 140.54 £ 78,500 £ 198,190 £ 290,000
GRA159000 Various BR DA SE 159 GRANGE ROAD SE25 6TG 3 Bed House Assured 131.63 £ 73,520 £ 164,200 £ 250,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 39 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
GRA010100 Various BR DA SE 101 GRANGE ROAD SE25 6TQ 3 Bed House Assured 131.63 £ 73,520 £ 164,200 £ 250,000
GRA095000 Various BR DA SE 95 GRANGE ROAD SE25 6TQ 3 Bed House Assured 129.04 £ 72,080 £ 164,200 £ 250,000
EPK002100 Various BR DA SE 21 ELM PARK ROAD SE25 6UA 3 Bed House Assured 131.63 £ 73,520 £ 164,200 £ 250,000
WWR066000 Various BR DA SE 66 WHITWORTH ROAD SE25 6XJ 6 Bed House Assured 119.67 £ 66,840 £ 223,130 £ 320,000
286-LON50150000 Various BR DA SE 15 LONGFIELD CRESCENT SE26 4DU 3 Bed House Assured 122.67 £ 68,520 £ 155,150 £ 240,000
WDT007001 Various BR DA SE FLAT A 7 WESTBOURNE ROAD SE26 5NJ 2 Bed Flat Fair Rent 100.99 £ 56,410 £ 133,260 £ 195,000
WDT007000 Various BR DA SE GROUND FLOOR FLAT 7 WESTBOURNE ROAD SE26 5NJ 1 Bed Flat Assured 88.74 £ 49,570 £ 118,580 £ 180,000
4390010010 Ragworth Court FLAT 1 RAGWORT COURT 14 LAWRIE PK GARDENS SE26 6HX 1 Bed Flat Secured 45.00 £ 23,260 £ 106,000 £ 175,000
4390020018 Ragworth Court FLAT 2 RAGWORT COURT 14 LAWRIE PK GARDENS SE26 6HX 2 Bed Flat Assured 92.25 £ 47,670 £ 128,660 £ 210,000
4390060017 Ragworth Court FLAT 6 RAGWORT COURT 14 LAWRIE PK GARDENS SE26 6HX 1 Bed Flat Assured 87.20 £ 45,070 £ 106,000 £ 175,000
4390080011 Ragworth Court FLAT 8 RAGWORT COURT 14 LAWRIE PK GARDENS SE26 6HX 2 Bed Flat Secured 58.50 £ 30,240 £ 128,660 £ 210,000
4390120014 Ragworth Court FLAT 12 RAGWORT COURT 14 LAWRIE PK GARDENS SE26 6HX 2 Bed Flat Secured 58.50 £ 30,240 £ 128,660 £ 210,000
4390140019 Ragworth Court FLAT 14 RAGWORT COURT 14 LAWRIE PK GARDENS SE26 6HX 1 Bed Flat Assured 87.20 £ 45,070 £ 106,000 £ 175,000
4390150016 Ragworth Court FLAT 15 RAGWORT COURT 14 LAWRIE PK GARDENS SE26 6HX 1 Bed Flat Assured 87.20 £ 45,070 £ 106,000 £ 175,000
4390160013 Ragworth Court FLAT 16 RAGWORT COURT 14 LAWRIE PK GARDENS SE26 6HX 1 Bed Flat Assured 87.20 £ 45,070 £ 106,000 £ 175,000
4390170010 Ragworth Court FLAT 17 RAGWORT COURT 14 LAWRIE PK GARDENS SE26 6HX 1 Bed Flat Assured 87.20 £ 45,070 £ 106,000 £ 175,000
4390180018 Ragworth Court FLAT 18 RAGWORT COURT 14 LAWRIE PK GARDENS SE26 6HX 1 Bed Flat Assured 81.31 £ 42,030 £ 106,000 £ 175,000
4390190015 Ragworth Court FLAT 19 RAGWORT COURT 14 LAWRIE PK GARDENS SE26 6HX 1 Bed Flat Assured 63.30 £ 32,720 £ 106,010 £ 175,000
4390200016 Ragworth Court FLAT 20 RAGWORT COURT 14 LAWRIE PK GARDENS SE26 6HX 1 Bed Flat Assured 84.14 £ 43,490 £ 106,010 £ 175,000
4390110017A Ragworth Court FLAT 11 RAGWORT COURT LAWRIE PARK GARDENS SE26 6HX 2 Bed Flat Long Lease 0.00 £ - £ - £ -
4390030015A Ragworth Court FLAT 3 RAGWORT COURT LAWRIE PK GARDENS SE26 6HX 2 Bed Flat Long Lease 0.00 £ - £ - £ -
4390040012A Ragworth Court FLAT 4 RAGWORT COURT LAWRIE PK GARDENS SE26 6HX 2 Bed Flat Long Lease 0.00 £ - £ - £ -
439005001B Ragworth Court FLAT 5 RAGWORT COURT LAWRIE PK GARDENS SE26 6HX 2 Bed Flat Long Lease 0.00 £ - £ - £ -
4390070014A Ragworth Court FLAT 7 RAGWORT COURT LAWRIE PK GARDENS SE26 6HX 2 Bed Flat Long Lease 0.00 £ - £ - £ -
4390090019A Ragworth Court FLAT 9 RAGWORT COURT LAWRIE PK GARDENS SE26 6HX 2 Bed Flat Long Lease 0.00 £ - £ - £ -
439010001B Ragworth Court FLAT 10 RAGWORT COURT LAWRIE PK GARDENS SE26 6HX 2 Bed Flat Long Lease 0.00 £ - £ - £ -
4390130011A Ragworth Court FLAT 13 RAGWORT COURT LAWRIE PK GARDENS SE26 6HX 2 Bed Flat Long Lease 0.00 £ - £ - £ -
JEW000001 Jews Walk FLAT 1 4 JEWS WALK SE26 6PL 1 Bed Studio Flat Assured Short Term 64.53 £ 31,580 £ 76,660 £ 110,000
JEW000002 Jews Walk FLAT 2 4 JEWS WALK SE26 6PL 1 Bed Studio Flat Assured Short Term 79.32 £ 38,820 £ 76,660 £ 110,000
JEW000003 Jews Walk FLAT 3 4 JEWS WALK SE26 6PL 1 Bed Studio Flat Assured Short Term 96.85 £ 47,400 £ 76,670 £ 110,000
JEW000004 Jews Walk FLAT 4 4 JEWS WALK SE26 6PL 1 Bed Studio Flat Assured 96.85 £ 47,400 £ 76,670 £ 110,000
JEW000005 Jews Walk FLAT 5 4 JEWS WALK SE26 6PL 1 Bed Studio Flat Assured 98.95 £ 48,430 £ 76,670 £ 110,000
JEW000006 Jews Walk FLAT 6 4 JEWS WALK SE26 6PL 1 Bed Studio Flat Assured 94.74 £ 46,370 £ 76,670 £ 110,000
AVN023001 Various BR DA SE FLAT A 23 THORNLAW ROAD SE27 0SH 2 Bed Flat Managing Agent 0.00 £ - £ - £ -
TCE057001 Various BR DA SE FLAT A 57 THORNLAW ROAD SE27 0SH 2 Bed Flat Assured 94.01 £ 52,510 £ 147,310 £ 235,000
AVN023002 Various BR DA SE FLAT B 23 THORNLAW ROAD SE27 0SH 4 Bed Flat Managing Agent 0.00 £ - £ - £ -
TCE057002 Various BR DA SE FLAT B 57 THORNLAW ROAD SE27 0SH 3 Bed Flat Fair Rent 89.95 £ 50,240 £ 173,630 £ 280,000
ERO046000 Various BR DA SE 46 EDEN ROAD SE27 0UA 3 Bed House Assured 135.63 £ 75,760 £ 173,630 £ 280,000
DTR039000 Various BR DA SE 39 DASSETT ROAD SE27 0UF 3 Bed House Fair Rent 126.65 £ 70,740 £ 173,630 £ 280,000
3311330010 Various BR DA SE 133 WHINCHAT ROAD SE28 0DW 2 Bed House Assured 106.53 £ 59,500 £ 147,310 £ 235,000
GNH025000 Various BR DA SE 25 GREENHAVEN DRIVE SE28 8FR 3 Bed House Assured 129.70 £ 72,450 £ 152,190 £ 200,000
DGC001000 Drake Crescent 1 DRAKE CRESCENT SE28 8PZ 4 Bed House Assured 114.00 £ 61,630 £ 115,580 £ 175,000
DGC013000 Drake Crescent 13 DRAKE CRESCENT SE28 8PZ 4 Bed House Starter Tenancy 114.00 £ 61,630 £ 115,580 £ 175,000
DGC016000 Drake Crescent 16 DRAKE CRESCENT SE28 8PZ 3 Bed House Assured 102.42 £ 55,370 £ 103,320 £ 150,000
DGC017000 Drake Crescent 17 DRAKE CRESCENT SE28 8PZ 3 Bed House Starter Tenancy 119.46 £ 64,590 £ 103,320 £ 150,000
DGC020000 Drake Crescent 20 DRAKE CRESCENT SE28 8PZ 3 Bed House Assured 102.42 £ 55,390 £ 103,310 £ 150,000
DGC023000 Drake Crescent 23 DRAKE CRESCENT SE28 8PZ 3 Bed House Assured 102.42 £ 55,370 £ 103,310 £ 150,000
DGC026000 Drake Crescent 26 DRAKE CRESCENT SE28 8PZ 4 Bed House Assured 112.87 £ 61,020 £ 115,580 £ 175,000
CNC011000 Various BR DA SE 11 CARNOUSTIE CLOSE SE28 8SH 3 Bed House Assured 110.60 £ 61,780 £ 152,190 £ 200,000
WEE215001 Various BR DA SE 1ST/2ND FL SE3 7DR 4 Bed Flat Fair Rent 105.10 £ 58,710 £ 243,910 £ 425,000
WEE215000 Various BR DA SE GF FLAT 215 WESTCOMBE HILL SE3 7DR 1 Bed Flat Fair Rent 74.27 £ 41,490 £ 136,680 £ 200,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 40 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
RJO004001 Various BR DA SE FLAT A 4 RUTHIN ROAD SE3 7SH 1 Bed Flat Assured 101.20 £ 56,530 £ 136,680 £ 200,000
RJO050001 Various BR DA SE FLAT A 50 RUTHIN ROAD SE3 7SH 1 Bed Flat Assured 95.57 £ 53,380 £ 136,680 £ 200,000
RJO004000 Various BR DA SE GF FLAT 4 RUTHIN ROAD SE3 7SH 1 Bed Flat Assured 89.57 £ 50,030 £ 136,680 £ 200,000
RJO050000 Various BR DA SE GF FLAT 50 RUTHIN ROAD SE3 7SH 1 Bed Flat Assured 91.02 £ 50,840 £ 136,680 £ 200,000
BOV043000 Various BR DA SE 43 BOURNBROOK ROAD SE3 8LL 4 Bed House Assured 143.52 £ 80,170 £ 179,710 £ 250,000
PGO008000 Various BR DA SE 8 POMFRET ROAD SE5 9DJ 4 Bed House Assured 141.17 £ 78,850 £ 179,710 £ 250,000
3040510016 Various BR DA SE FLAT A, 51 PAULET ROAD SE5 9HP 1 Bed Flat Assured 100.00 £ 55,860 £ 131,230 £ 205,000
3040510026 Various BR DA SE FLAT B, 51 PAULET ROAD SE5 9HP 1 Bed Flat Assured 100.00 £ 55,860 £ 131,230 £ 205,000
3040510036 Various BR DA SE FLAT C, 51 PAULET ROAD SE5 9HP 1 Bed Flat Assured 100.00 £ 55,860 £ 131,230 £ 205,000
EBO018001 Eastlake Road FLAT A 18 EASTLAKE ROAD SE5 9QL 1 Bed Flat Assured 91.05 £ 50,660 £ 132,740 £ 215,000
EBO018002 Eastlake Road FLAT B 18 EASTLAKE ROAD SE5 9QL 1 Bed Flat Assured 87.55 £ 48,720 £ 132,740 £ 215,000
EBO018003 Eastlake Road FLAT C 18 EASTLAKE ROAD SE5 9QL 3 Bed Flat Assured 122.87 £ 68,370 £ 169,130 £ 280,000
EBO026001 Eastlake Road FLAT A 26 EASTLAKE ROAD SE5 9QL 3 Bed Flat Fair Rent 88.31 £ 49,140 £ 176,260 £ 290,000
EBO026002 Eastlake Road FLAT B 26 EASTLAKE ROAD SE5 9QL 3 Bed Flat Fair Rent 77.48 £ 43,110 £ 169,130 £ 280,000
286-BROE0160000 Various BR DA SE 16 BROADFIELD ROAD SE6 1NE 5 Bed House Assured 144.72 £ 80,840 £ 220,630 £ 365,000
WWY093000 Various BR DA SE 93 WATERS ROAD SE6 1UH 3 Bed House Assured 119.67 £ 66,840 £ 148,320 £ 230,000
286-ELM30680000 Various BR DA SE 68 ELMER ROAD SE6 2ER 3 Bed House Assured 121.96 £ 68,120 £ 147,940 £ 210,000
286-ELM30550000 Various BR DA SE 55 ELMER ROAD SE6 2HA 3 Bed HouseShort Term Assured
Tenancy 133.74 £ 74,700 £ 147,940 £ 210,000
286-BROB083000 Various BR DA SE 83 BROWNHILL ROAD SE6 2HF 5 Bed House Assured 144.13 £ 80,510 £ 192,560 £ 285,000
286-KIN80160000 Various BR DA SE 16 KING ALFRED AVENUE SE6 3HT 3 Bed House Assured 111.47 £ 62,260 £ 148,780 £ 195,000
286-GRA30830000 Various BR DA SE 83 GRANGEMILL ROAD SE6 3JZ 3 Bed House Assured 111.47 £ 62,260 £ 148,780 £ 195,000
ATS048000 Various BR DA SE 48 ATHELNEY STREET SE6 3LD 3 Bed House Assured 131.63 £ 73,520 £ 148,780 £ 195,000
286-COW10010000 Various BR DA SE 1 COWDEN STREET SE6 3SW 3 Bed House Assured 120.14 £ 67,110 £ 148,780 £ 195,000
BMR065000 Various BR DA SE 65 BROADMEAD ROAD SE6 3TQ 3 Bed House Fair Rent 127.15 £ 71,020 £ 148,780 £ 195,000
286-VIN10070000 Various BR DA SE 7 VINEYARD CLOSE SE6 4PH 3 Bed House Assured 117.59 £ 65,680 £ 184,520 £ 270,000
239-WOO53180000 Various BR DA SE 318 WOOLWICH ROAD SE7 7AL 2 Bed House Assured 104.57 £ 58,410 £ 184,890 £ 290,000
239-WOO53200000 Various BR DA SE 320 WOOLWICH ROAD SE7 7AL 3 Bed House Assured 109.98 £ 61,430 £ 200,770 £ 310,000
WKT312000 Various BR DA SE 312 WOOLWICH ROAD SE7 7AL 3 Bed House Assured 124.82 £ 69,720 £ 206,400 £ 315,000
IAT074000 Various BR DA SE 74 INVERINE ROAD SE7 7NL 2 Bed Flat Assured 97.47 £ 54,440 £ 179,260 £ 285,000
IAT074001 Various BR DA SE 74A INVERINE ROAD SE7 7NL 1 Bed Flat Assured 83.72 £ 46,760 £ 166,800 £ 270,000
VDE109000 Victoria Way GROUND FLOOR FLAT 109 VICTORIA WAY SE7 7NU 2 Bed Flat Assured 97.47 £ 54,760 £ 163,310 £ 270,000
VDE109001 Victoria Way FLAT A 109 VICTORIA WAY SE7 7NU 1 Bed Flat Assured 89.65 £ 50,360 £ 139,480 £ 220,000
VDE109002 Victoria Way FLAT B 109 VICTORIA WAY SE7 7NU 1 Bed Flat Fair Rent 72.01 £ 40,470 £ 139,480 £ 220,000
VDE109003 Victoria Way FLAT C 109 VICTORIA WAY SE7 7NU 2 Bed Flat Assured 97.43 £ 54,730 £ 163,310 £ 270,000
VDE117000 Victoria Way FLAT A 117 VICTORIA WAY SE7 7NX 2 Bed Flat Fair Rent 88.96 £ 49,980 £ 155,940 £ 255,000
VDE117001 Victoria Way GROUND FLOOR FLAT 117 VICTORIA WAY SE7 7NX 2 Bed Flat Fair Rent 90.19 £ 50,670 £ 155,940 £ 255,000
VDE117002 Victoria Way FIRST FLOOR FLAT 117 VICTORIA WAY SE7 7NX 2 Bed Flat Assured 98.57 £ 55,370 £ 155,940 £ 255,000
VDE117003 Victoria Way SECOND FLOOR FLAT 117 VICTORIA WAY SE7 7NX 2 Bed Flat Assured 96.04 £ 53,950 £ 155,940 £ 255,000
VDE135001 Victoria Way FLAT A 135 VICTORIA WAY SE7 7NX 3 Bed Flat Assured 110.07 £ 61,840 £ 188,450 £ 325,000
VDE135002 Victoria Way FLAT B 135 VICTORIA WAY SE7 7NX 3 Bed Flat Assured 109.34 £ 61,430 £ 188,450 £ 325,000
VDE135003 Victoria Way FLAT C 135 VICTORIA WAY SE7 7NX 1 Bed Flat Assured 89.65 £ 50,360 £ 139,480 £ 220,000
VDE135004 Victoria Way FLAT D 135 VICTORIA WAY SE7 7NX 1 Bed Flat Assured 89.61 £ 50,340 £ 139,480 £ 220,000
VDE135005 Victoria Way FLAT E 135 VICTORIA WAY SE7 7NX 1 Bed Flat Assured 86.49 £ 48,590 £ 139,480 £ 220,000
VDE135006 Victoria Way FLAT F 135 VICTORIA WAY SE7 7NX 1 Bed Flat Assured 87.93 £ 49,400 £ 139,480 £ 220,000
VDE135007 Victoria Way FLAT G 135 VICTORIA WAY SE7 7NX 1 Bed Flat Assured 89.65 £ 50,360 £ 139,480 £ 220,000
VDE135008 Victoria Way FLAT H 135 VICTORIA WAY SE7 7NX 1 Bed Flat Starter Tenancy 88.54 £ 49,740 £ 139,480 £ 220,000
VDE135009 Victoria Way FLAT J 135 VICTORIA WAY SE7 7NX 1 Bed Flat Starter Tenancy 83.74 £ 47,040 £ 139,480 £ 220,000
VDE135010 Victoria Way FLAT K 135 VICTORIA WAY SE7 7NX 1 Bed Flat Fair Rent 83.74 £ 47,040 £ 139,480 £ 220,000
VDE135011 Victoria Way FLAT L 135 VICTORIA WAY SE7 7NX 1 Bed Flat Fair Rent 83.74 £ 47,040 £ 139,480 £ 220,000
VDE135012 Victoria Way FLAT M 135 VICTORIA WAY SE7 7NX 1 Bed Flat Starter Tenancy 83.74 £ 47,040 £ 139,480 £ 220,000
VDE135013 Victoria Way FLAT N 135 VICTORIA WAY SE7 7NX 1 Bed Flat Assured 87.93 £ 49,400 £ 139,480 £ 220,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 41 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
VDE135014 Victoria Way FLAT P 135 VICTORIA WAY SE7 7NX 1 Bed Flat Assured 89.17 £ 50,090 £ 139,480 £ 220,000
WCT036001 Various BR DA SE FLAT A 36 WELLINGTON GARDENS SE7 7PH 1 Bed Flat Assured 86.49 £ 48,310 £ 166,800 £ 270,000
WCT036000 Various BR DA SE LOWER GROUND FLOOR 36 WELLINGTON GARDENS SE7 7PH 2 Bed Flat Fair Rent 82.73 £ 46,210 £ 179,260 £ 285,000
ROE673000 Various BR DA SE 673 ROCHESTER WAY SE9 1RJ 3 Bed House Assured 128.51 £ 71,780 £ 172,470 £ 247,500
RII113000 Various BR DA SE 113 RIEFIELD ROAD SE9 2RB 3 Bed House Assured 128.25 £ 71,640 £ 216,810 £ 367,500
RII123000 Various BR DA SE 123 RIEFIELD ROAD SE9 2RB 3 Bed House Assured 128.00 £ 71,500 £ 211,320 £ 365,000
THF025000 Various BR DA SE 25 THE UNDERWOOD SE9 3EP 3 Bed House Fair Rent 120.65 £ 67,390 £ 211,320 £ 365,000
ETG019000 Various BR DA SE 19 ESCOTT GARDENS SE9 4BQ 2 Bed House Assured 112.28 £ 62,720 £ 188,040 £ 340,000
70469 Bilsby Charminster Castleton 10 BILSBY GROVE SE9 4BS 3 Bed House Assured Protected 92.71 £ 48,140 £ 122,610 £ 220,000
70468 Bilsby Charminster Castleton 14 BILSBY GROVE SE9 4BS 3 Bed House Assured Protected 92.59 £ 48,080 £ 122,610 £ 220,000
70472 Bilsby Charminster Castleton 2 BILSBY GROVE SE9 4BS 3 Bed House Assured Protected 93.72 £ 48,670 £ 122,610 £ 220,000
70471 Bilsby Charminster Castleton 6 BILSBY GROVE SE9 4BS 3 Bed House Assured Protected 89.59 £ 46,520 £ 122,610 £ 220,000
70442 Bilsby Charminster Castleton 10 CHARMINSTER ROAD SE9 4BT 2 Bed House Assured Protected 78.85 £ 40,950 £ 106,810 £ 170,000
70441 Bilsby Charminster Castleton 12 CHARMINSTER ROAD SE9 4BT 2 Bed House Assured Protected 76.87 £ 39,920 £ 106,810 £ 170,000
70439 Bilsby Charminster Castleton 18 CHARMINSTER ROAD SE9 4BT 3 Bed House Assured Protected 86.01 £ 44,660 £ 122,610 £ 220,000
70437 Bilsby Charminster Castleton 26 CHARMINSTER ROAD SE9 4BT 3 Bed House Assured Protected 87.26 £ 45,310 £ 122,610 £ 220,000
70436 Bilsby Charminster Castleton 28 CHARMINSTER ROAD SE9 4BT 3 Bed House Assured Protected 86.01 £ 44,660 £ 122,610 £ 220,000
70435 Bilsby Charminster Castleton 30 CHARMINSTER ROAD SE9 4BT 2 Bed House Assured Protected 80.19 £ 41,640 £ 106,810 £ 170,000
70432 Bilsby Charminster Castleton 36 CHARMINSTER ROAD SE9 4BT 2 Bed House Assured Protected 80.21 £ 41,650 £ 106,810 £ 170,000
70431 Bilsby Charminster Castleton 38 CHARMINSTER ROAD SE9 4BT 2 Bed House Assured Protected 80.21 £ 41,650 £ 106,810 £ 170,000
70444 Bilsby Charminster Castleton 4 CHARMINSTER ROAD SE9 4BT 2 Bed House Assured 83.57 £ 43,400 £ 106,810 £ 170,000
70426 Bilsby Charminster Castleton 50 CHARMINSTER ROAD SE9 4BT 2 Bed House Assured 86.97 £ 45,160 £ 106,810 £ 170,000
70425 Bilsby Charminster Castleton 52 CHARMINSTER ROAD SE9 4BT 2 Bed House Assured 99.35 £ 51,590 £ 106,810 £ 170,000
70424 Bilsby Charminster Castleton 54 CHARMINSTER ROAD SE9 4BT 2 Bed House Assured Protected 80.21 £ 41,650 £ 106,810 £ 170,000
70423 Bilsby Charminster Castleton 56 CHARMINSTER ROAD SE9 4BT 2 Bed House Assured Protected 82.40 £ 42,790 £ 106,810 £ 170,000
70422 Bilsby Charminster Castleton 58 CHARMINSTER ROAD SE9 4BT 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70443 Bilsby Charminster Castleton 6 CHARMINSTER ROAD SE9 4BT 2 Bed House Assured Protected 76.87 £ 39,920 £ 106,810 £ 170,000
70421 Bilsby Charminster Castleton 60 CHARMINSTER ROAD SE9 4BT 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70420 Bilsby Charminster Castleton 62 CHARMINSTER ROAD SE9 4BT 1 Bed Flat Assured Protected 66.46 £ 34,510 £ 86,010 £ 125,000
70419 Bilsby Charminster Castleton 64 CHARMINSTER ROAD SE9 4BT 1 Bed Flat Assured Protected 67.41 £ 35,010 £ 86,010 £ 125,000
70418 Bilsby Charminster Castleton 66 CHARMINSTER ROAD SE9 4BT 1 Bed Flat Assured Protected 66.07 £ 34,310 £ 86,010 £ 125,000
70417 Bilsby Charminster Castleton 68 CHARMINSTER ROAD SE9 4BT 1 Bed Flat Assured Protected 66.46 £ 34,510 £ 86,010 £ 125,000
70416 Bilsby Charminster Castleton 70 CHARMINSTER ROAD SE9 4BT 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70415 Bilsby Charminster Castleton 72 CHARMINSTER ROAD SE9 4BT 1 Bed Flat Assured Protected 68.56 £ 35,600 £ 86,010 £ 125,000
70414 Bilsby Charminster Castleton 74 CHARMINSTER ROAD SE9 4BT 1 Bed Flat Assured Protected 67.22 £ 34,910 £ 86,010 £ 125,000
70413 Bilsby Charminster Castleton 76 CHARMINSTER ROAD SE9 4BT 1 Bed Flat Assured Protected 68.16 £ 35,390 £ 86,010 £ 125,000
70412 Bilsby Charminster Castleton 78 CHARMINSTER ROAD SE9 4BT 1 Bed Flat Assured 67.83 £ 35,220 £ 86,010 £ 125,000
70411 Bilsby Charminster Castleton 80 CHARMINSTER ROAD SE9 4BT 1 Bed Flat Assured Protected 66.07 £ 34,310 £ 86,020 £ 125,000
70410 Bilsby Charminster Castleton 82 CHARMINSTER ROAD SE9 4BT 1 Bed Flat Starter Tenancy 67.41 £ 35,010 £ 86,020 £ 125,000
70409 Bilsby Charminster Castleton 84 CHARMINSTER ROAD SE9 4BT 1 Bed Flat Starter Tenancy 73.33 £ 38,080 £ 86,020 £ 125,000
70408 Bilsby Charminster Castleton 86 CHARMINSTER ROAD SE9 4BT 1 Bed Flat Assured Protected 68.16 £ 35,390 £ 86,020 £ 125,000
70407 Bilsby Charminster Castleton 88 CHARMINSTER ROAD SE9 4BT 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70544 Bilsby Charminster Castleton 23 CHARMINSTER ROAD SE9 4BU 3 Bed House Assured Protected 92.94 £ 48,260 £ 124,920 £ 225,000
70448 Bilsby Charminster Castleton 37 CHARMINSTER ROAD SE9 4BU 3 Bed House Assured Protected 87.26 £ 45,310 £ 122,610 £ 220,000
70450 Bilsby Charminster Castleton 41 CHARMINSTER ROAD SE9 4BU 3 Bed House Assured Protected 88.22 £ 45,810 £ 122,610 £ 220,000
70451 Bilsby Charminster Castleton 43 CHARMINSTER ROAD SE9 4BU 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70452 Bilsby Charminster Castleton 45 CHARMINSTER ROAD SE9 4BU 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70453 Bilsby Charminster Castleton 47 CHARMINSTER ROAD SE9 4BU 1 Bed Flat Assured Protected 67.80 £ 35,210 £ 86,020 £ 125,000
70454 Bilsby Charminster Castleton 49 CHARMINSTER ROAD SE9 4BU 1 Bed Flat Assured Protected 67.41 £ 35,010 £ 86,020 £ 125,000
70455 Bilsby Charminster Castleton 51 CHARMINSTER ROAD SE9 4BU 1 Bed Flat Assured 70.17 £ 36,440 £ 86,020 £ 125,000
70456 Bilsby Charminster Castleton 53 CHARMINSTER ROAD SE9 4BU 1 Bed Flat Starter Tenancy 83.32 £ 43,270 £ 86,020 £ 125,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 42 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
70457 Bilsby Charminster Castleton 55 CHARMINSTER ROAD SE9 4BU 1 Bed Flat Assured Protected 66.82 £ 34,700 £ 86,020 £ 125,000
70458 Bilsby Charminster Castleton 57 CHARMINSTER ROAD SE9 4BU 1 Bed Flat Starter Tenancy 82.32 £ 42,750 £ 86,020 £ 125,000
70459 Bilsby Charminster Castleton 59 CHARMINSTER ROAD SE9 4BU 1 Bed Flat Starter Tenancy 82.32 £ 42,750 £ 86,020 £ 125,000
70460 Bilsby Charminster Castleton 61 CHARMINSTER ROAD SE9 4BU 1 Bed Flat Assured 68.16 £ 35,390 £ 86,020 £ 125,000
70461 Bilsby Charminster Castleton 63 CHARMINSTER ROAD SE9 4BU 1 Bed Flat Assured Protected 67.80 £ 35,210 £ 86,020 £ 125,000
70462 Bilsby Charminster Castleton 65 CHARMINSTER ROAD SE9 4BU 1 Bed Flat Assured Protected 66.07 £ 34,310 £ 86,020 £ 125,000
70463 Bilsby Charminster Castleton 67 CHARMINSTER ROAD SE9 4BU 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70464 Bilsby Charminster Castleton 69 CHARMINSTER ROAD SE9 4BU 1 Bed Flat Assured 70.17 £ 36,440 £ 86,020 £ 125,000
70465 Bilsby Charminster Castleton 71 CHARMINSTER ROAD SE9 4BU 1 Bed Flat Assured 70.17 £ 36,440 £ 86,020 £ 125,000
70466 Bilsby Charminster Castleton 73 CHARMINSTER ROAD SE9 4BU 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70467 Bilsby Charminster Castleton 77 CHARMINSTER ROAD SE9 4BU 3 Bed House Assured Protected 85.07 £ 44,180 £ 122,610 £ 220,000
70552 Bilsby Charminster Castleton 30 CASTLETON ROAD SE9 4BX 3 Bed House Assured Protected 103.60 £ 53,800 £ 120,700 £ 215,000
70495 Bilsby Charminster Castleton 8 CASTLETON ROAD SE9 4BX 3 Bed House Assured Protected 97.69 £ 50,730 £ 122,610 £ 220,000
70498 Bilsby Charminster Castleton 1 CASTLETON ROAD SE9 4BY 3 Bed House Assured Protected 98.75 £ 51,280 £ 122,610 £ 220,000
70504 Bilsby Charminster Castleton 17 CASTLETON ROAD SE9 4BY 3 Bed House Assured Protected 97.69 £ 50,730 £ 122,610 £ 220,000
70507 Bilsby Charminster Castleton 23 CASTLETON ROAD SE9 4BY 3 Bed House Assured Protected 97.69 £ 50,730 £ 122,610 £ 220,000
70510 Bilsby Charminster Castleton 31 CASTLETON ROAD SE9 4BY 3 Bed House Assured Protected 97.69 £ 50,730 £ 122,610 £ 220,000
70511 Bilsby Charminster Castleton 35 CASTLETON ROAD SE9 4BY 3 Bed House Assured Protected 98.75 £ 51,280 £ 122,610 £ 220,000
70500 Bilsby Charminster Castleton 7 CASTLETON ROAD SE9 4BY 3 Bed House Assured Protected 94.40 £ 49,020 £ 122,610 £ 220,000
70515 Bilsby Charminster Castleton 45 CASTLETON ROAD SE9 4BZ 3 Bed House Assured 95.03 £ 49,350 £ 122,610 £ 220,000
70516 Bilsby Charminster Castleton 47 CASTLETON ROAD SE9 4BZ 3 Bed House Assured Protected 93.64 £ 48,630 £ 122,610 £ 220,000
70525 Bilsby Charminster Castleton 69 CASTLETON ROAD SE9 4BZ 1 Bed Flat Assured Protected 76.96 £ 39,960 £ 86,020 £ 125,000
70526 Bilsby Charminster Castleton 71 CASTLETON ROAD SE9 4BZ 1 Bed Flat Assured 81.14 £ 42,140 £ 86,020 £ 125,000
70527 Bilsby Charminster Castleton 73 CASTLETON ROAD SE9 4BZ 1 Bed Flat Assured 78.33 £ 40,680 £ 86,020 £ 125,000
50002 Bilsby Charminster Castleton 75 CASTLETON ROAD SE9 4BZ 1 Bed Studio Flat Long Lease £ - £ - £ -
70529 Bilsby Charminster Castleton 77 CASTLETON ROAD SE9 4BZ 1 Bed Flat Starter Tenancy 82.32 £ 42,750 £ 86,020 £ 125,000
70530 Bilsby Charminster Castleton 79 CASTLETON ROAD SE9 4BZ 1 Bed Flat Assured Protected 76.13 £ 39,530 £ 86,020 £ 125,000
70531 Bilsby Charminster Castleton 81 CASTLETON ROAD SE9 4BZ 1 Bed Flat Starter Tenancy 76.11 £ 39,520 £ 86,020 £ 125,000
70532 Bilsby Charminster Castleton 83 CASTLETON ROAD SE9 4BZ 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70533 Bilsby Charminster Castleton 85 CASTLETON ROAD SE9 4BZ 3 Bed House Assured Protected 96.10 £ 49,900 £ 122,610 £ 220,000
70535 Bilsby Charminster Castleton 89 CASTLETON ROAD SE9 4BZ 3 Bed House Assured Protected 96.08 £ 49,890 £ 122,610 £ 220,000
70537 Bilsby Charminster Castleton 93 CASTLETON ROAD SE9 4BZ 3 Bed House Assured Protected 96.08 £ 49,890 £ 122,610 £ 220,000
70538 Bilsby Charminster Castleton 95 CASTLETON ROAD SE9 4BZ 3 Bed House Assured Protected 91.83 £ 47,690 £ 122,610 £ 220,000
70554 Bilsby Charminster Castleton 34 CASTLETON ROAD SE9 4DA 3 Bed House Assured 102.19 £ 53,070 £ 120,700 £ 215,000
70492 Bilsby Charminster Castleton 50 CASTLETON ROAD SE9 4DA 2 Bed House Assured Protected 87.42 £ 45,400 £ 106,810 £ 170,000
70489 Bilsby Charminster Castleton 58 CASTLETON ROAD SE9 4DA 2 Bed House Assured Protected 87.42 £ 45,400 £ 106,810 £ 170,000
70487 Bilsby Charminster Castleton 62 CASTLETON ROAD SE9 4DA 2 Bed House Assured Protected 87.63 £ 45,510 £ 106,810 £ 170,000
70485 Bilsby Charminster Castleton 66 CASTLETON ROAD SE9 4DA 2 Bed House Assured Protected 87.42 £ 45,400 £ 106,810 £ 170,000
70484 Bilsby Charminster Castleton 70 CASTLETON ROAD SE9 4DA 2 Bed House Assured Protected 87.42 £ 45,400 £ 106,810 £ 170,000
70483 Bilsby Charminster Castleton 72 CASTLETON ROAD SE9 4DA 2 Bed House Assured Protected 89.86 £ 46,660 £ 106,810 £ 170,000
70482 Bilsby Charminster Castleton 74 CASTLETON ROAD SE9 4DA 1 Bed Flat Assured Protected 76.96 £ 39,960 £ 86,020 £ 125,000
70481 Bilsby Charminster Castleton 76 CASTLETON ROAD SE9 4DA 1 Bed Flat Assured Protected 75.03 £ 38,960 £ 86,020 £ 125,000
70480 Bilsby Charminster Castleton 78 CASTLETON ROAD SE9 4DA 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70479 Bilsby Charminster Castleton 80 CASTLETON ROAD SE9 4DA 1 Bed Flat Starter Tenancy 82.32 £ 42,750 £ 86,020 £ 125,000
70478 Bilsby Charminster Castleton 82 CASTLETON ROAD SE9 4DA 1 Bed Flat Assured 74.75 £ 38,820 £ 86,020 £ 125,000
70477 Bilsby Charminster Castleton 84 CASTLETON ROAD SE9 4DA 1 Bed Flat Assured 75.10 £ 39,000 £ 86,020 £ 125,000
70476 Bilsby Charminster Castleton 86 CASTLETON ROAD SE9 4DA 1 Bed Flat Assured Protected 76.52 £ 39,740 £ 86,020 £ 125,000
70475 Bilsby Charminster Castleton 88 CASTLETON ROAD SE9 4DA 1 Bed Flat Assured 76.96 £ 39,960 £ 86,020 £ 125,000
70474 Bilsby Charminster Castleton 90 CASTLETON ROAD SE9 4DA 3 Bed House Assured Protected 95.26 £ 49,470 £ 122,610 £ 220,000
70473 Bilsby Charminster Castleton 92 CASTLETON ROAD SE9 4DA 3 Bed House Assured Protected 98.55 £ 51,180 £ 122,610 £ 220,000
TCK068000 Various BR DA SE 68 THURSLEY ROAD SE9 4HN 3 Bed House Assured 128.17 £ 71,590 £ 211,320 £ 365,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 43 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
286-HEN10250000 Various BR DA SE 25 HENRY COOPER WAY SE9 4JF 2 Bed House Assured 118.60 £ 66,250 £ 193,670 £ 345,000
286-HEN10260000 Various BR DA SE 26 HENRY COOPER WAY SE9 4JF 2 Bed House Assured 118.61 £ 66,250 £ 193,670 £ 345,000
70320 Various Chinbrook Estate 15 CHARLESFIELD SE9 4NX 4 Bed House Assured 112.86 £ 58,310 £ 124,750 £ 230,000
70321 Various Chinbrook Estate 17 CHARLESFIELD SE9 4NX 3 Bed House Assured Protected 105.46 £ 54,490 £ 112,950 £ 195,000
70322 Various Chinbrook Estate 19 CHARLESFIELD SE9 4NX 2 Bed House Assured Protected 93.57 £ 48,350 £ 95,280 £ 155,000
70325 Various Chinbrook Estate 25 CHARLESFIELD SE9 4NX 5 Bed House Assured Short Term 145.25 £ 74,990 £ 140,560 £ 275,000
70305 Various Chinbrook Estate 13 MIRROR PATH SE9 4NY 5 Bed House Assured Protected 120.05 £ 62,030 £ 140,560 £ 275,000
70308 Various Chinbrook Estate 18 MIRROR PATH SE9 4NY 3 Bed House Assured Protected 105.87 £ 54,700 £ 112,950 £ 195,000
70309 Various Chinbrook Estate 20 MIRROR PATH SE9 4NY 2 Bed House Assured Protected 95.59 £ 49,390 £ 95,280 £ 155,000
70311 Various Chinbrook Estate 23 MIRROR PATH SE9 4NY 4 Bed House Assured Protected 110.54 £ 57,110 £ 128,190 £ 240,000
70312 Various Chinbrook Estate 26 MIRROR PATH SE9 4NY 3 Bed House Assured Protected 105.46 £ 54,490 £ 112,950 £ 195,000
70313 Various Chinbrook Estate 28 MIRROR PATH SE9 4NY 2 Bed House Assured 99.35 £ 51,330 £ 95,280 £ 155,000
70314 Various Chinbrook Estate 29 MIRROR PATH SE9 4NY 3 Bed House Assured Protected 102.87 £ 53,150 £ 112,950 £ 195,000
70315 Various Chinbrook Estate 31 MIRROR PATH SE9 4NY 2 Bed House Assured Protected 93.57 £ 48,350 £ 95,280 £ 155,000
70317 Various Chinbrook Estate 34 MIRROR PATH SE9 4NY 2 Bed House Assured Protected 93.99 £ 48,560 £ 95,280 £ 155,000
70298 Various Chinbrook Estate 4 MIRROR PATH SE9 4NY 2 Bed House Assured Protected 93.57 £ 48,350 £ 95,280 £ 155,000
70299 Various Chinbrook Estate 5 MIRROR PATH SE9 4NY 4 Bed House Assured Protected 110.62 £ 57,150 £ 124,750 £ 230,000
70300 Various Chinbrook Estate 6 MIRROR PATH SE9 4NY 3 Bed House Assured Protected 105.87 £ 54,700 £ 112,950 £ 195,000
70301 Various Chinbrook Estate 8 MIRROR PATH SE9 4NY 4 Bed House Assured Protected 114.66 £ 59,240 £ 124,750 £ 230,000
70302 Various Chinbrook Estate 9 MIRROR PATH SE9 4NY 3 Bed House Assured Protected 102.45 £ 52,930 £ 112,950 £ 195,000
70335 Various Chinbrook Estate 26 LAMBSCROFT AVENUE SE9 4NZ 3 Bed House Assured Protected 99.39 £ 51,350 £ 112,950 £ 195,000
70337 Various Chinbrook Estate 32 LAMBSCROFT AVENUE SE9 4NZ 2 Bed House Assured Protected 90.00 £ 46,500 £ 95,280 £ 155,000
70329 Various Chinbrook Estate 4 LAMBSCROFT AVENUE SE9 4NZ 3 Bed House Assured 96.53 £ 49,870 £ 112,950 £ 195,000
70364 Various Chinbrook Estate 1 LAMBSCROFT AVENUE SE9 4PA 1 Bed Flat Assured Protected 72.40 £ 37,410 £ 80,530 £ 117,500
70369 Various Chinbrook Estate 11 LAMBSCROFT AVENUE SE9 4PA 1 Bed Flat Assured Protected 72.40 £ 37,410 £ 80,530 £ 117,500
70370 Various Chinbrook Estate 13 LAMBSCROFT AVENUE SE9 4PA 1 Bed Flat Assured Protected 77.42 £ 40,000 £ 80,530 £ 117,500
70371 Various Chinbrook Estate 15 LAMBSCROFT AVENUE SE9 4PA 0 Bed Studio Flat Assured Protected 57.50 £ 29,710 £ 65,200 £ 98,500
70372 Various Chinbrook Estate 17 LAMBSCROFT AVENUE SE9 4PA 1 Bed Flat Assured Protected 77.42 £ 40,000 £ 80,530 £ 117,500
70373 Various Chinbrook Estate 19 LAMBSCROFT AVENUE SE9 4PA 1 Bed Flat Assured Protected 77.42 £ 40,000 £ 80,530 £ 117,500
70374 Various Chinbrook Estate 21 LAMBSCROFT AVENUE SE9 4PA 0 Bed Studio Flat Assured Protected 59.31 £ 30,640 £ 65,200 £ 98,500
70375 Various Chinbrook Estate 23 LAMBSCROFT AVENUE SE9 4PA 1 Bed Flat Assured Protected 77.42 £ 40,000 £ 80,530 £ 117,500
70365 Various Chinbrook Estate 3 LAMBSCROFT AVENUE SE9 4PA 0 Bed Studio Flat Long Lease 0.00 £ - £ - £ -
70366 Various Chinbrook Estate 5 LAMBSCROFT AVENUE SE9 4PA 1 Bed Flat Assured 76.11 £ 39,320 £ 80,530 £ 117,500
70367 Various Chinbrook Estate 7 LAMBSCROFT AVENUE SE9 4PA 1 Bed Flat Assured Protected 72.40 £ 37,410 £ 80,530 £ 117,500
70368 Various Chinbrook Estate 9 LAMBSCROFT AVENUE SE9 4PA 0 Bed Studio Flat Assured Protected 57.70 £ 29,810 £ 65,200 £ 98,500
70360 Various Chinbrook Estate 100 LAMBSCROFT AVENUE SE9 4PB 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70361 Various Chinbrook Estate 102 LAMBSCROFT AVENUE SE9 4PB 1 Bed Flat Assured Protected 72.30 £ 37,360 £ 80,530 £ 117,500
70362 Various Chinbrook Estate 104 LAMBSCROFT AVENUE SE9 4PB 1 Bed Flat Assured Protected 72.30 £ 37,360 £ 80,530 £ 117,500
70363 Various Chinbrook Estate 106 LAMBSCROFT AVENUE SE9 4PB 1 Bed Flat Assured 70.17 £ 36,260 £ 80,530 £ 117,500
70339 Various Chinbrook Estate 38 LAMBSCROFT AVENUE SE9 4PB 2 Bed House Assured Protected 88.48 £ 45,720 £ 95,280 £ 155,000
70341 Various Chinbrook Estate 46 LAMBSCROFT AVENUE SE9 4PB 2 Bed House Assured Protected 88.08 £ 45,510 £ 95,280 £ 155,000
70342 Various Chinbrook Estate 50 LAMBSCROFT AVENUE SE9 4PB 2 Bed House Assured Protected 90.00 £ 46,500 £ 95,280 £ 155,000
70343 Various Chinbrook Estate 52 LAMBSCROFT AVENUE SE9 4PB 1 Bed Flat Assured Protected 73.92 £ 38,190 £ 80,530 £ 117,500
70344 Various Chinbrook Estate 54 LAMBSCROFT AVENUE SE9 4PB 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70345 Various Chinbrook Estate 62 LAMBSCROFT AVENUE SE9 4PB 3 Bed House Assured Protected 99.39 £ 51,350 £ 112,950 £ 195,000
70346 Various Chinbrook Estate 64 LAMBSCROFT AVENUE SE9 4PB 3 Bed House Assured Protected 99.39 £ 51,350 £ 112,950 £ 195,000
70347 Various Chinbrook Estate 66 LAMBSCROFT AVENUE SE9 4PB 3 Bed House Assured Protected 96.53 £ 49,870 £ 112,950 £ 195,000
70349 Various Chinbrook Estate 78 LAMBSCROFT AVENUE SE9 4PB 3 Bed House Assured Protected 98.11 £ 50,690 £ 112,950 £ 195,000
70350 Various Chinbrook Estate 80 LAMBSCROFT AVENUE SE9 4PB 1 Bed Flat Assured 70.16 £ 36,250 £ 80,530 £ 117,500
70351 Various Chinbrook Estate 82 LAMBSCROFT AVENUE SE9 4PB 1 Bed Flat Assured Protected 72.42 £ 37,420 £ 80,530 £ 117,500
70352 Various Chinbrook Estate 84 LAMBSCROFT AVENUE SE9 4PB 1 Bed Flat Assured Protected 72.42 £ 37,420 £ 80,530 £ 117,500
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 44 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
70353 Various Chinbrook Estate 86 LAMBSCROFT AVENUE SE9 4PB 1 Bed Flat Assured Protected 72.42 £ 37,420 £ 80,530 £ 117,500
70354 Various Chinbrook Estate 88 LAMBSCROFT AVENUE SE9 4PB 1 Bed Flat Assured Protected 72.42 £ 37,420 £ 80,530 £ 117,500
70355 Various Chinbrook Estate 90 LAMBSCROFT AVENUE SE9 4PB 1 Bed Flat Assured Protected 72.42 £ 37,420 £ 80,530 £ 117,500
70356 Various Chinbrook Estate 92 LAMBSCROFT AVENUE SE9 4PB 1 Bed Flat Assured Protected 72.42 £ 37,420 £ 80,530 £ 117,500
70357 Various Chinbrook Estate 94 LAMBSCROFT AVENUE SE9 4PB 1 Bed Flat Assured Protected 72.30 £ 37,360 £ 80,530 £ 117,500
70358 Various Chinbrook Estate 96 LAMBSCROFT AVENUE SE9 4PB 1 Bed Flat Assured Protected 72.30 £ 37,360 £ 80,530 £ 117,500
70359 Various Chinbrook Estate 98 LAMBSCROFT AVENUE SE9 4PB 1 Bed Flat Assured Protected 72.30 £ 37,360 £ 80,530 £ 117,500
70380 Various Chinbrook Estate 43 LAMBSCROFT AVENUE SE9 4PE 2 Bed House Assured Protected 92.86 £ 47,980 £ 95,280 £ 155,000
70381 Various Chinbrook Estate 47 LAMBSCROFT AVENUE SE9 4PE 2 Bed House Assured Protected 90.28 £ 46,650 £ 95,280 £ 155,000
70382 Various Chinbrook Estate 49 LAMBSCROFT AVENUE SE9 4PE 0 Bed Studio Flat Assured 59.96 £ 30,980 £ 65,200 £ 98,500
70383 Various Chinbrook Estate 51 LAMBSCROFT AVENUE SE9 4PE 1 Bed Bungalow Assured 59.96 £ 30,980 £ 85,320 £ 130,000
70384 Various Chinbrook Estate 53 LAMBSCROFT AVENUE SE9 4PE 1 Bed Bungalow Assured Protected 60.90 £ 31,470 £ 85,320 £ 130,000
70258 Kingsfield and Merryfield 22 KINGSFIELD HOUSE SE9 4PF 1 Bed Flat Assured Protected 71.01 £ 37,710 £ 68,630 £ 105,000
70259 Kingsfield and Merryfield 23 KINGSFIELD HOUSE SE9 4PF 2 Bed Flat Assured 76.68 £ 40,720 £ 68,630 £ 105,000
70260 Kingsfield and Merryfield 24 KINGSFIELD HOUSE SE9 4PF 1 Bed Flat Assured Protected 72.11 £ 38,300 £ 68,630 £ 105,000
70261 Kingsfield and Merryfield 25 KINGSFIELD HOUSE SE9 4PF 2 Bed Flat Assured Protected 79.72 £ 42,340 £ 77,520 £ 125,000
70262 Kingsfield and Merryfield 26 KINGSFIELD HOUSE SE9 4PF 1 Bed Flat Assured Protected 72.11 £ 38,300 £ 68,630 £ 105,000
70263 Kingsfield and Merryfield 27 KINGSFIELD HOUSE SE9 4PF 2 Bed Flat Assured 74.81 £ 39,730 £ 77,520 £ 125,000
70264 Kingsfield and Merryfield 28 KINGSFIELD HOUSE SE9 4PF 1 Bed Flat Assured Protected 72.11 £ 38,300 £ 68,630 £ 105,000
70265 Kingsfield and Merryfield 29 KINGSFIELD HOUSE SE9 4PF 2 Bed Flat Starter Tenancy 91.78 £ 48,710 £ 77,520 £ 125,000
70266 Kingsfield and Merryfield 30 KINGSFIELD HOUSE SE9 4PF 1 Bed Flat Assured 69.08 £ 36,690 £ 68,630 £ 105,000
70267 Kingsfield and Merryfield 31 KINGSFIELD HOUSE SE9 4PF 2 Bed Flat Starter Tenancy 91.78 £ 48,710 £ 77,520 £ 125,000
70268 Kingsfield and Merryfield 32 KINGSFIELD HOUSE SE9 4PF 1 Bed Flat Assured 70.17 £ 37,270 £ 68,630 £ 105,000
70269 Kingsfield and Merryfield 33 KINGSFIELD HOUSE SE9 4PF 2 Bed Flat Assured 76.39 £ 40,570 £ 77,520 £ 125,000
70270 Kingsfield and Merryfield 34 KINGSFIELD HOUSE SE9 4PF 1 Bed Flat Temporary 72.11 £ 38,300 £ 68,630 £ 105,000
70272 Kingsfield and Merryfield 36 KINGSFIELD HOUSE SE9 4PF 1 Bed Flat Assured 71.76 £ 38,110 £ 68,630 £ 105,000
70273 Kingsfield and Merryfield 37 KINGSFIELD HOUSE SE9 4PF 2 Bed Flat Assured Protected 79.72 £ 42,340 £ 77,520 £ 125,000
70274 Kingsfield and Merryfield 38 KINGSFIELD HOUSE SE9 4PF 1 Bed Flat Assured 70.17 £ 37,270 £ 68,630 £ 105,000
70275 Kingsfield and Merryfield 39 KINGSFIELD HOUSE SE9 4PF 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70276 Kingsfield and Merryfield 40 KINGSFIELD HOUSE SE9 4PF 0 Bed Studio Flat Assured 57.28 £ 30,420 £ 58,130 £ 90,000
70277 Kingsfield and Merryfield 41 KINGSFIELD HOUSE SE9 4PF 2 Bed Flat Assured 79.72 £ 42,340 £ 77,520 £ 125,000
70278 Kingsfield and Merryfield 42 KINGSFIELD HOUSE SE9 4PF 1 Bed Flat Assured Protected 72.11 £ 38,300 £ 68,630 £ 105,000
70271 Kingsfield and Merryfield 35 KINGSFIELD HOUSE LAMBSCROFT AVENUE SE9 4PF 2 Bed Flat Long Lease 0.00 £ - £ - £ -
70237 Kingsfield and Merryfield 1 KINGSFIELD HOUSE SE9 4PG 1 Bed Flat Assured Protected 71.39 £ 37,910 £ 68,630 £ 105,000
70246 Kingsfield and Merryfield 10 KINGSFIELD HOUSE SE9 4PG 1 Bed Flat Starter Tenancy 74.26 £ 39,440 £ 68,630 £ 105,000
70247 Kingsfield and Merryfield 11 KINGSFIELD HOUSE SE9 4PG 2 Bed Flat Assured Protected 79.74 £ 42,350 £ 77,520 £ 125,000
70248 Kingsfield and Merryfield 12 KINGSFIELD HOUSE SE9 4PG 1 Bed Flat Assured Protected 71.01 £ 37,710 £ 68,630 £ 105,000
70249 Kingsfield and Merryfield 13 KINGSFIELD HOUSE SE9 4PG 2 Bed Flat Assured Protected 79.72 £ 42,340 £ 77,520 £ 125,000
70250 Kingsfield and Merryfield 14 KINGSFIELD HOUSE SE9 4PG 1 Bed Flat Assured Protected 71.01 £ 37,710 £ 68,630 £ 105,000
70251 Kingsfield and Merryfield 15 KINGSFIELD HOUSE SE9 4PG 2 Bed Flat Assured Protected 79.74 £ 42,350 £ 77,520 £ 125,000
70252 Kingsfield and Merryfield 16 KINGSFIELD HOUSE SE9 4PG 1 Bed Flat Assured Protected 71.01 £ 37,710 £ 68,630 £ 105,000
70253 Kingsfield and Merryfield 17 KINGSFIELD HOUSE SE9 4PG 2 Bed Flat Assured Protected 79.72 £ 42,340 £ 77,520 £ 125,000
70254 Kingsfield and Merryfield 18 KINGSFIELD HOUSE SE9 4PG 1 Bed Flat Starter Tenancy 64.89 £ 34,460 £ 68,630 £ 105,000
70255 Kingsfield and Merryfield 19 KINGSFIELD HOUSE SE9 4PG 2 Bed Flat Long Lease 0.00 £ - £ - £ -
70238 Kingsfield and Merryfield 2 KINGSFIELD HOUSE SE9 4PG 1 Bed Flat Assured Protected 71.50 £ 37,970 £ 68,630 £ 105,000
70256 Kingsfield and Merryfield 20 KINGSFIELD HOUSE SE9 4PG 1 Bed Flat Assured 71.01 £ 37,710 £ 68,630 £ 105,000
70257 Kingsfield and Merryfield 21 KINGSFIELD HOUSE SE9 4PG 2 Bed Flat Long Lease 0.00 £ - £ - £ -
70239 Kingsfield and Merryfield 3 KINGSFIELD HOUSE SE9 4PG 2 Bed Flat Assured Protected 79.74 £ 42,350 £ 77,520 £ 125,000
70240 Kingsfield and Merryfield 4 KINGSFIELD HOUSE SE9 4PG 1 Bed Flat Starter Tenancy 70.65 £ 37,520 £ 68,630 £ 105,000
70241 Kingsfield and Merryfield 5 KINGSFIELD HOUSE SE9 4PG 2 Bed Flat Assured Protected 79.72 £ 42,340 £ 77,520 £ 125,000
70242 Kingsfield and Merryfield 6 KINGSFIELD HOUSE SE9 4PG 1 Bed Flat Assured Protected 71.01 £ 37,710 £ 68,630 £ 105,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 45 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
70243 Kingsfield and Merryfield 7 KINGSFIELD HOUSE SE9 4PG 2 Bed Flat Assured Protected 79.74 £ 42,350 £ 77,520 £ 125,000
70244 Kingsfield and Merryfield 8 KINGSFIELD HOUSE SE9 4PG 1 Bed Flat Assured 73.76 £ 39,170 £ 68,630 £ 105,000
70245 Kingsfield and Merryfield 9 KINGSFIELD HOUSE SE9 4PG 2 Bed Flat Assured Protected 79.72 £ 42,340 £ 77,520 £ 125,000
70386 Various Chinbrook Estate 1 BUSHEY HOUSE SE9 4PP 1 Bed Flat Assured Protected 72.40 £ 37,410 £ 80,530 £ 117,500
70395 Various Chinbrook Estate 10 BUSHEY HOUSE SE9 4PP 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70396 Various Chinbrook Estate 11 BUSHEY HOUSE SE9 4PP 1 Bed Flat Assured Protected 72.02 £ 37,210 £ 80,530 £ 117,500
70397 Various Chinbrook Estate 12 BUSHEY HOUSE SE9 4PP 1 Bed Flat Assured Protected 72.02 £ 37,210 £ 80,530 £ 117,500
70398 Various Chinbrook Estate 13 BUSHEY HOUSE SE9 4PP 1 Bed Flat Starter Tenancy 82.32 £ 42,530 £ 80,530 £ 117,500
70399 Various Chinbrook Estate 14 BUSHEY HOUSE SE9 4PP 0 Bed Studio Flat Starter Tenancy 65.28 £ 33,730 £ 65,200 £ 98,500
70400 Various Chinbrook Estate 15 BUSHEY HOUSE SE9 4PP 1 Bed Flat Assured Protected 72.02 £ 37,210 £ 80,530 £ 117,500
70401 Various Chinbrook Estate 16 BUSHEY HOUSE SE9 4PP 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70402 Various Chinbrook Estate 17 BUSHEY HOUSE SE9 4PP 0 Bed Studio Flat Assured 60.51 £ 31,260 £ 65,200 £ 98,500
70403 Various Chinbrook Estate 18 BUSHEY HOUSE SE9 4PP 1 Bed Flat Assured 82.32 £ 42,530 £ 80,530 £ 117,500
70387 Various Chinbrook Estate 2 BUSHEY HOUSE SE9 4PP 1 Bed Flat Assured Protected 72.40 £ 37,410 £ 80,530 £ 117,500
70388 Various Chinbrook Estate 3 BUSHEY HOUSE SE9 4PP 1 Bed Flat Assured Protected 72.40 £ 37,410 £ 80,530 £ 117,500
70389 Various Chinbrook Estate 4 BUSHEY HOUSE SE9 4PP 1 Bed Flat Assured 73.40 £ 37,920 £ 80,530 £ 117,500
70390 Various Chinbrook Estate 5 BUSHEY HOUSE SE9 4PP 0 Bed Studio Flat Assured Protected 57.70 £ 29,810 £ 65,200 £ 98,500
70391 Various Chinbrook Estate 6 BUSHEY HOUSE SE9 4PP 1 Bed Flat Assured Protected 72.40 £ 37,410 £ 80,530 £ 117,500
70392 Various Chinbrook Estate 7 BUSHEY HOUSE SE9 4PP 1 Bed Flat Starter Tenancy 82.32 £ 42,530 £ 80,530 £ 117,500
70393 Various Chinbrook Estate 8 BUSHEY HOUSE SE9 4PP 0 Bed Studio Flat Assured Protected 57.70 £ 29,810 £ 65,200 £ 98,500
70394 Various Chinbrook Estate 9 BUSHEY HOUSE SE9 4PP 1 Bed Flat Assured Protected 72.40 £ 37,410 £ 80,530 £ 117,500
50017 Kingsfield and Merryfield 1 MERRYFIELD HOUSE SE9 4PR 0 Bed Studio Flat Long Lease 0.00 £ - £ - £ -
70205 Kingsfield and Merryfield 10 MERRYFIELD HOUSE SE9 4PR 2 Bed Flat Long Lease 0.00 £ - £ - £ -
70206 Kingsfield and Merryfield 11 MERRYFIELD HOUSE SE9 4PR 1 Bed Flat Assured Protected 72.78 £ 38,650 £ 68,630 £ 105,000
70207 Kingsfield and Merryfield 12 MERRYFIELD HOUSE SE9 4PR 2 Bed Flat Long Lease 0.00 £ - £ - £ -
70208 Kingsfield and Merryfield 13 MERRYFIELD HOUSE SE9 4PR 1 Bed Flat Assured Protected 75.63 £ 40,170 £ 68,630 £ 105,000
70209 Kingsfield and Merryfield 14 MERRYFIELD HOUSE SE9 4PR 2 Bed Flat Assured Protected 84.81 £ 45,040 £ 77,520 £ 125,000
70210 Kingsfield and Merryfield 15 MERRYFIELD HOUSE SE9 4PR 1 Bed Flat Assured Protected 75.63 £ 40,170 £ 68,630 £ 105,000
70211 Kingsfield and Merryfield 16 MERRYFIELD HOUSE SE9 4PR 2 Bed Flat Long Lease 0.00 £ - £ - £ -
70212 Kingsfield and Merryfield 17 MERRYFIELD HOUSE SE9 4PR 1 Bed Flat Assured 72.78 £ 38,650 £ 68,630 £ 105,000
70213 Kingsfield and Merryfield 18 MERRYFIELD HOUSE SE9 4PR 2 Bed Flat Long Lease 0.00 £ - £ - £ -
70214 Kingsfield and Merryfield 19 MERRYFIELD HOUSE SE9 4PR 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70197 Kingsfield and Merryfield 2 MERRYFIELD HOUSE SE9 4PR 2 Bed Flat Assured Protected 84.81 £ 45,040 £ 77,520 £ 125,000
70215 Kingsfield and Merryfield 20 MERRYFIELD HOUSE SE9 4PR 2 Bed Flat Long Lease 0.00 £ - £ - £ -
70216 Kingsfield and Merryfield 21 MERRYFIELD HOUSE SE9 4PR 1 Bed Flat Assured Protected 75.63 £ 40,170 £ 68,630 £ 105,000
70217 Kingsfield and Merryfield 22 MERRYFIELD HOUSE SE9 4PR 2 Bed Flat Long Lease 0.00 £ - £ - £ -
70218 Kingsfield and Merryfield 23 MERRYFIELD HOUSE SE9 4PR 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70219 Kingsfield and Merryfield 24 MERRYFIELD HOUSE SE9 4PR 2 Bed Flat Assured Protected 84.79 £ 45,030 £ 77,520 £ 125,000
70220 Kingsfield and Merryfield 25 MERRYFIELD HOUSE SE9 4PR 1 Bed Flat Assured Protected 75.63 £ 40,170 £ 68,630 £ 105,000
70221 Kingsfield and Merryfield 26 MERRYFIELD HOUSE SE9 4PR 2 Bed Flat Long Lease 0.00 £ - £ - £ -
70222 Kingsfield and Merryfield 27 MERRYFIELD HOUSE SE9 4PR 1 Bed Flat Assured 75.77 £ 40,240 £ 68,630 £ 105,000
70223 Kingsfield and Merryfield 28 MERRYFIELD HOUSE SE9 4PR 2 Bed Flat Long Lease 0.00 £ - £ - £ -
70224 Kingsfield and Merryfield 29 MERRYFIELD HOUSE SE9 4PR 1 Bed Flat Assured 71.87 £ 38,170 £ 68,630 £ 105,000
70198 Kingsfield and Merryfield 3 MERRYFIELD HOUSE SE9 4PR 1 Bed Flat Starter Tenancy 76.63 £ 40,700 £ 68,630 £ 105,000
70225 Kingsfield and Merryfield 30 MERRYFIELD HOUSE SE9 4PR 2 Bed Flat Assured Protected 84.81 £ 45,040 £ 77,520 £ 125,000
70226 Kingsfield and Merryfield 31 MERRYFIELD HOUSE SE9 4PR 1 Bed Flat Assured 72.95 £ 38,740 £ 68,630 £ 105,000
70227 Kingsfield and Merryfield 32 MERRYFIELD HOUSE SE9 4PR 2 Bed Flat Assured Short Term 80.95 £ 42,990 £ 77,520 £ 125,000
70228 Kingsfield and Merryfield 33 MERRYFIELD HOUSE SE9 4PR 1 Bed Flat Assured 77.36 £ 41,080 £ 68,630 £ 105,000
70229 Kingsfield and Merryfield 34 MERRYFIELD HOUSE SE9 4PR 2 Bed Flat Assured Protected 84.39 £ 44,820 £ 77,520 £ 125,000
70230 Kingsfield and Merryfield 35 MERRYFIELD HOUSE SE9 4PR 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70231 Kingsfield and Merryfield 36 MERRYFIELD HOUSE SE9 4PR 2 Bed Flat Assured Protected 84.79 £ 45,030 £ 77,520 £ 125,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 46 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
70232 Kingsfield and Merryfield 37 MERRYFIELD HOUSE SE9 4PR 1 Bed Flat Assured Protected 75.63 £ 40,170 £ 68,630 £ 105,000
70233 Kingsfield and Merryfield 38 MERRYFIELD HOUSE SE9 4PR 0 Bed Studio Flat Assured 66.75 £ 35,450 £ 58,130 £ 90,000
70234 Kingsfield and Merryfield 39 MERRYFIELD HOUSE SE9 4PR 0 Bed Studio Flat Assured 60.76 £ 32,270 £ 58,130 £ 90,000
70199 Kingsfield and Merryfield 4 MERRYFIELD HOUSE SE9 4PR 2 Bed Flat Assured Protected 84.79 £ 45,030 £ 77,520 £ 125,000
70235 Kingsfield and Merryfield 40 MERRYFIELD HOUSE SE9 4PR 2 Bed Flat Temporary 79.72 £ 42,340 £ 77,520 £ 125,000
70236 Kingsfield and Merryfield 41 MERRYFIELD HOUSE SE9 4PR 1 Bed Flat Starter Tenancy 73.09 £ 38,820 £ 68,630 £ 105,000
302484 Kingsfield and Merryfield 42 MERRYFIELD HOUSE SE9 4PR 3 Bed Flat Assured Protected 89.90 £ 47,740 £ 88,040 £ 145,000
70200 Kingsfield and Merryfield 5 MERRYFIELD HOUSE SE9 4PR 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70201 Kingsfield and Merryfield 6 MERRYFIELD HOUSE SE9 4PR 2 Bed Flat Assured Protected 84.81 £ 45,040 £ 77,520 £ 125,000
70202 Kingsfield and Merryfield 7 MERRYFIELD HOUSE SE9 4PR 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70203 Kingsfield and Merryfield 8 MERRYFIELD HOUSE SE9 4PR 2 Bed Flat Assured Protected 84.79 £ 45,030 £ 77,520 £ 125,000
70204 Kingsfield and Merryfield 9 MERRYFIELD HOUSE SE9 4PR 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70279 Various Chinbrook Estate 1 RYDENS HOUSE SE9 4PS 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70288 Various Chinbrook Estate 10 RYDENS HOUSE SE9 4PS 1 Bed Flat Assured 71.47 £ 36,930 £ 80,530 £ 117,500
70289 Various Chinbrook Estate 11 RYDENS HOUSE SE9 4PS 1 Bed Flat Assured Protected 71.47 £ 36,930 £ 80,530 £ 117,500
70290 Various Chinbrook Estate 12 RYDENS HOUSE SE9 4PS 1 Bed Flat Assured 70.17 £ 36,260 £ 80,530 £ 117,500
70291 Various Chinbrook Estate 13 RYDENS HOUSE SE9 4PS 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70292 Various Chinbrook Estate 14 RYDENS HOUSE SE9 4PS 1 Bed Flat Assured 71.47 £ 36,930 £ 80,530 £ 117,500
70293 Various Chinbrook Estate 15 RYDENS HOUSE SE9 4PS 1 Bed Flat Assured Protected 71.47 £ 36,930 £ 80,530 £ 117,500
70294 Various Chinbrook Estate 16 RYDENS HOUSE SE9 4PS 1 Bed Flat Assured 71.47 £ 36,930 £ 80,530 £ 117,500
70295 Various Chinbrook Estate 17 RYDENS HOUSE SE9 4PS 1 Bed Flat Starter Tenancy 82.32 £ 42,530 £ 80,530 £ 117,500
70296 Various Chinbrook Estate 18 RYDENS HOUSE SE9 4PS 1 Bed Flat Assured Protected 71.47 £ 36,930 £ 80,530 £ 117,500
70280 Various Chinbrook Estate 2 RYDENS HOUSE SE9 4PS 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70281 Various Chinbrook Estate 3 RYDENS HOUSE SE9 4PS 1 Bed Flat Long Lease 0.00 £ - £ - £ -
70282 Various Chinbrook Estate 4 RYDENS HOUSE SE9 4PS 1 Bed Flat Assured 70.17 £ 36,260 £ 80,530 £ 117,500
70283 Various Chinbrook Estate 5 RYDENS HOUSE SE9 4PS 1 Bed Flat Assured 71.57 £ 36,980 £ 80,530 £ 117,500
70284 Various Chinbrook Estate 6 RYDENS HOUSE SE9 4PS 1 Bed Flat Assured 67.50 £ 34,880 £ 80,530 £ 117,500
70285 Various Chinbrook Estate 7 RYDENS HOUSE SE9 4PS 1 Bed Flat Assured Protected 71.57 £ 36,980 £ 80,530 £ 117,500
70286 Various Chinbrook Estate 8 RYDENS HOUSE SE9 4PS 1 Bed Flat Assured Protected 82.32 £ 42,530 £ 80,530 £ 117,500
70287 Various Chinbrook Estate 9 RYDENS HOUSE SE9 4PS 1 Bed Flat Assured 67.89 £ 35,080 £ 80,530 £ 117,500
3970290011 Various BR DA SE 29 MIDDLE PARK AVENUE SE9 5HR 4 Bed House Assured 136.84 £ 76,440 £ 235,500 £ 390,000
EXX144000 Various BR DA SE 144 ELTHAM GREEN ROAD SE9 6BE 3 Bed House Assured 119.67 £ 66,840 £ 166,420 £ 250,000
FRT058000 Various BR DA SE 58 FROISSART ROAD SE9 6QG 3 Bed House Assured 131.89 £ 73,670 £ 166,420 £ 250,000
5099500320 Various CM CO GU ME RG SL SS 32 NORTHBOROUGH ROAD SL2 1PS 3 Bed House Assured 108.19 £ 57,310 £ 155,660 £ 230,000
5099500810 Various CM CO GU ME RG SL SS 81 MONKSFIELD WAY SL2 1QW 4 Bed House Secured Tenancy 109.89 £ 58,210 £ 172,680 £ 245,000
5099500530 Various CM CO GU ME RG SL SS 53 NEWCHURCH ROAD SL2 1UE 3 Bed House Assured 108.19 £ 57,310 £ 155,660 £ 230,000
5099502530 Various CM CO GU ME RG SL SS 253 LONG FURLONG DRIVE SL2 2LY 3 Bed House Assured 108.19 £ 57,310 £ 155,660 £ 230,000
5043210950 Various CM CO GU ME RG SL SS 95 MAYPOLE ROAD SL6 0NA 3 Bed House Assured 110.72 £ 58,650 £ 197,400 £ 290,000
HAZA07700 Hazelwood Avenue 77 HAZELWOOD AVENUE SM4 5RS 2 Bed House Assured 109.29 £ 58,780 £ 158,960 £ 265,000
HAZA07900 Hazelwood Avenue 79 HAZELWOOD AVENUE SM4 5RS 2 Bed House Assured 109.29 £ 58,780 £ 158,960 £ 265,000
HAZA08100 Hazelwood Avenue 81 HAZELWOOD AVENUE SM4 5RS 3 Bed House Assured 116.12 £ 62,440 £ 187,080 £ 310,000
LLI109000 Various CR KT SM SW TW 109 LILLESHALL ROAD SM4 6DT 3 Bed House Assured 124.19 £ 69,640 £ 167,680 £ 245,000
SSA270000 Various CR KT SM SW TW 270 ST HELIER AVENUE SM4 6JX 2 Bed House Assured 109.32 £ 61,300 £ 139,950 £ 220,000
PILA00100 Pilgrim Close 1 PILGRIM CLOSE SM4 6QA 3 Bed House Assured 111.38 £ 59,530 £ 154,160 £ 250,000
PILA01100 Pilgrim Close 11 PILGRIM CLOSE SM4 6QA 3 Bed House Assured 113.51 £ 60,670 £ 154,160 £ 250,000
PILA01200 Pilgrim Close 12 PILGRIM CLOSE SM4 6QA 3 Bed House Assured 113.56 £ 60,690 £ 154,160 £ 250,000
PILA01300 Pilgrim Close 13 PILGRIM CLOSE SM4 6QA 3 Bed House Assured 113.58 £ 60,700 £ 154,160 £ 250,000
PILA01400 Pilgrim Close 14 PILGRIM CLOSE SM4 6QA 3 Bed House Starter Tenancy 114.97 £ 61,450 £ 154,160 £ 250,000
PILA01500 Pilgrim Close 15 PILGRIM CLOSE SM4 6QA 3 Bed House Assured 111.38 £ 59,530 £ 154,160 £ 250,000
PILA01600 Pilgrim Close 16 PILGRIM CLOSE SM4 6QA 3 Bed House Assured 113.32 £ 60,560 £ 154,160 £ 250,000
PILA01700 Pilgrim Close 17 PILGRIM CLOSE SM4 6QA 3 Bed House Assured 113.58 £ 60,700 £ 154,160 £ 250,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 47 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
PILA01800 Pilgrim Close 18 PILGRIM CLOSE SM4 6QA 3 Bed House Assured 82.73 £ 44,210 £ 154,160 £ 250,000
PILA01900 Pilgrim Close 19 PILGRIM CLOSE SM4 6QA 3 Bed House Assured 112.42 £ 60,080 £ 154,160 £ 250,000
PILA00200 Pilgrim Close 2 PILGRIM CLOSE SM4 6QA 3 Bed House Assured 111.38 £ 59,530 £ 154,160 £ 250,000
PILA02100 Pilgrim Close 21 PILGRIM CLOSE SM4 6QA 3 Bed House Assured 110.56 £ 59,090 £ 154,160 £ 250,000
PILA02200 Pilgrim Close 22 PILGRIM CLOSE SM4 6QA 3 Bed House Assured 110.56 £ 59,090 £ 154,160 £ 250,000
PILA02300 Pilgrim Close 23 PILGRIM CLOSE SM4 6QA 3 Bed House Assured 113.58 £ 60,700 £ 154,160 £ 250,000
PILA02400 Pilgrim Close 24 PILGRIM CLOSE SM4 6QA 3 Bed House Assured 113.58 £ 60,700 £ 154,160 £ 250,000
PILA02500 Pilgrim Close 25 PILGRIM CLOSE SM4 6QA 3 Bed House Assured 110.94 £ 59,290 £ 154,160 £ 250,000
PILA02600 Pilgrim Close 26 PILGRIM CLOSE SM4 6QA 2 Bed House Assured 105.19 £ 56,220 £ 138,480 £ 215,000
PILA02700 Pilgrim Close 27 PILGRIM CLOSE SM4 6QA 3 Bed House Assured 112.91 £ 60,340 £ 154,160 £ 250,000
PILA02800 Pilgrim Close 28 PILGRIM CLOSE SM4 6QA 3 Bed House Assured 113.55 £ 60,690 £ 154,160 £ 250,000
PILA02900 Pilgrim Close 29 PILGRIM CLOSE SM4 6QA 3 Bed House Assured 113.58 £ 60,700 £ 154,160 £ 250,000
PILA00300 Pilgrim Close 3 PILGRIM CLOSE SM4 6QA 3 Bed House Assured 111.38 £ 59,530 £ 154,160 £ 250,000
PILA03000 Pilgrim Close 30 PILGRIM CLOSE SM4 6QA 3 Bed House Assured 112.68 £ 60,220 £ 154,160 £ 250,000
PILA02000 Pilgrim Close 20 PILGRIM CLOSE SM4 6QL 3 Bed House Assured 113.72 £ 60,780 £ 154,160 £ 250,000
SHRB12700 Various CR KT SM SW TW 127 SHREWSBURY ROAD SM5 1LT 3 Bed House Assured 108.47 £ 60,830 £ 151,040 £ 230,000
LONF20200 Various CR KT SM SW TW 202 LONDON ROAD SM6 7EA 3 Bed House Assured 119.49 £ 67,010 £ 151,040 £ 230,000
427-PRI10050000 Various CR KT SM SW TW 5 PRIMROSE CLOSSE SM6 7HJ 2 Bed House Assured 118.52 £ 66,460 £ 133,200 £ 210,000
427-VAN10310000 Various CR KT SM SW TW 31 VANGUARD WAY SM6 9JJ 4 Bed House Assured 128.87 £ 72,260 £ 160,920 £ 235,000
MAC024000 Various CM CO GU ME RG SL SS 24 MARTOCK AVENUE SS0 0HH 3 Bed House Assured 106.23 £ 56,270 £ 111,710 £ 170,000
KES086000 Various CM CO GU ME RG SL SS 86 THE KNARES SS16 5TF 2 Bed House Assured 88.03 £ 46,630 £ 104,750 £ 160,000
GRH096000 Various CM CO GU ME RG SL SS 96 THE GROVE SS2 4DB 2 Bed House Assured 89.72 £ 47,530 £ 118,670 £ 180,000
CJX017000 Chestnut and Fern 17 CHESTNUT COURT SS3 9DW 2 Bed Flat Assured 87.14 £ 47,170 £ 79,940 £ 115,000
CJX018000 Chestnut and Fern 18 CHESTNUT COURT SS3 9DW 1 Bed Flat Assured 76.07 £ 41,180 £ 62,820 £ 100,000
CJX019000 Chestnut and Fern 19 CHESTNUT COURT SS3 9DW 1 Bed Flat Assured 75.75 £ 41,010 £ 62,820 £ 100,000
CJX020000 Chestnut and Fern 20 CHESTNUT COURT SS3 9DW 2 Bed Flat Assured 88.12 £ 47,700 £ 79,940 £ 115,000
CJX021000 Chestnut and Fern 21 CHESTNUT COURT SS3 9DW 1 Bed Flat Assured 75.23 £ 40,720 £ 62,820 £ 100,000
CJX022000 Chestnut and Fern 22 CHESTNUT COURT SS3 9DW 2 Bed Flat Assured 88.12 £ 47,700 £ 79,940 £ 115,000
CJX023000 Chestnut and Fern 23 CHESTNUT COURT SS3 9DW 1 Bed Flat Starter Tenancy 71.29 £ 38,600 £ 62,820 £ 100,000
CJX024000 Chestnut and Fern 24 CHESTNUT COURT SS3 9DW 1 Bed Flat Assured 77.98 £ 42,210 £ 62,820 £ 100,000
CJX025000 Chestnut and Fern 25 CHESTNUT COURT SS3 9DW 2 Bed Flat Assured 88.12 £ 47,700 £ 79,940 £ 115,000
CJX002600 Chestnut and Fern 26 CHESTNUT COURT SS3 9DW 1 Bed Flat Assured 73.69 £ 39,890 £ 62,820 £ 100,000
CJX027000 Chestnut and Fern 27 CHESTNUT COURT SS3 9DW 2 Bed Flat Assured 86.42 £ 46,780 £ 79,940 £ 115,000
CJX028000 Chestnut and Fern 28 CHESTNUT COURT SS3 9DW 1 Bed Flat Assured 75.88 £ 41,080 £ 62,820 £ 100,000
CJX029000 Chestnut and Fern 29 CHESTNUT COURT SS3 9DW 1 Bed Flat Starter Tenancy 71.29 £ 38,590 £ 62,820 £ 100,000
CJX030000 Chestnut and Fern 30 CHESTNUT COURT SS3 9DW 2 Bed Flat Assured 85.76 £ 46,420 £ 79,940 £ 115,000
CJX031000 Chestnut and Fern 31 CHESTNUT COURT SS3 9DW 1 Bed Flat Assured 74.85 £ 40,520 £ 62,820 £ 100,000
FDQ001000 Chestnut and Fern 1 FERN LODGE SS3 9EL 2 Bed Flat Assured 87.14 £ 47,170 £ 79,940 £ 115,000
FDQ010000 Chestnut and Fern 10 FERN LODGE SS3 9EL 1 Bed Flat Assured 333.36 £ 180,460 £ 62,820 £ 100,000
FDQ011000 Chestnut and Fern 11 FERN LODGE SS3 9EL 2 Bed Flat Assured 91.74 £ 49,660 £ 79,940 £ 115,000
FDQ012000 Chestnut and Fern 12 FERN LODGE SS3 9EL 1 Bed Flat Assured 76.08 £ 41,180 £ 62,820 £ 100,000
FDQ014000 Chestnut and Fern 14 FERN LODGE SS3 9EL 1 Bed Flat Assured 75.75 £ 41,010 £ 62,820 £ 100,000
FDQ001500 Chestnut and Fern 15 FERN LODGE SS3 9EL 2 Bed Flat Assured 87.14 £ 47,170 £ 79,930 £ 115,000
FDQ001600 Chestnut and Fern 16 FERN LODGE SS3 9EL 1 Bed Flat Assured 73.69 £ 39,890 £ 62,820 £ 100,000
FDQ002000 Chestnut and Fern 2 FERN LODGE SS3 9EL 1 Bed Flat Assured 76.07 £ 41,180 £ 62,820 £ 100,000
FDQ003000 Chestnut and Fern 3 FERN LODGE SS3 9EL 1 Bed Flat Assured 76.07 £ 41,180 £ 62,820 £ 100,000
FDQ004000 Chestnut and Fern 4 FERN LODGE SS3 9EL 2 Bed Flat Assured 85.76 £ 46,420 £ 79,930 £ 115,000
FDQ005000 Chestnut and Fern 5 FERN LODGE SS3 9EL 1 Bed Flat Assured 76.07 £ 41,180 £ 62,820 £ 100,000
FDQ006000 Chestnut and Fern 6 FERN LODGE SS3 9EL 2 Bed Flat Assured 84.17 £ 45,560 £ 79,930 £ 115,000
FDQ007000 Chestnut and Fern 7 FERN LODGE SS3 9EL 1 Bed Flat Assured 78.17 £ 42,320 £ 62,820 £ 100,000
FDQ008000 Chestnut and Fern 8 FERN LODGE SS3 9EL 1 Bed Flat Assured 76.07 £ 41,180 £ 62,820 £ 100,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 48 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
FDQ009000 Chestnut and Fern 9 FERN LODGE SS3 9EL 2 Bed Flat Assured 87.14 £ 47,170 £ 79,930 £ 115,000
PBD101000 Parklands 101 PARKLANDS SS4 1SY 1 Bed Flat Assured 79.83 £ 39,320 £ 60,320 £ 75,000
PBD103000 Parklands 103 PARKLANDS SS4 1SY 1 Bed Flat Assured 79.83 £ 39,320 £ 60,320 £ 75,000
PBD105000 Parklands 105 PARKLANDS SS4 1SY 1 Bed Flat Assured 79.83 £ 39,320 £ 60,320 £ 75,000
PBD107000 Parklands 107 PARKLANDS SS4 1SY 1 Bed Flat Assured 79.64 £ 39,220 £ 60,320 £ 75,000
PBD109000 Parklands 109 PARKLANDS SS4 1SY 1 Bed Flat Assured 79.83 £ 39,320 £ 60,320 £ 75,000
PBD113000 Parklands 113 PARKLANDS SS4 1SY 1 Bed Flat Assured 79.64 £ 39,220 £ 60,320 £ 75,000
PBD115000 Parklands 115 PARKLANDS SS4 1SY 1 Bed Flat Assured 79.80 £ 39,300 £ 60,320 £ 75,000
PBD117000 Parklands 117 PARKLANDS SS4 1SY 1 Bed Flat Assured 79.64 £ 39,220 £ 60,330 £ 75,000
PBD119000 Parklands 119 PARKLANDS SS4 1SY 1 Bed Flat Assured 79.80 £ 39,300 £ 60,330 £ 75,000
PBD121000 Parklands 121 PARKLANDS SS4 1SY 1 Bed Flat Assured 79.80 £ 39,300 £ 60,330 £ 75,000
PBD123000 Parklands 123 PARKLANDS SS4 1SY 1 Bed Flat Starter Tenancy 74.60 £ 36,760 £ 60,330 £ 75,000
PBD125000 Parklands 125 PARKLANDS SS4 1SY 1 Bed Flat Assured 77.68 £ 38,260 £ 60,330 £ 75,000
PBD174000 Parklands 174 PARKLANDS SS4 1SY 3 Bed House Assured 133.95 £ 65,970 £ 109,420 £ 190,000
PBD176000 Parklands 176 PARKLANDS SS4 1SY 3 Bed House Assured 133.95 £ 65,970 £ 110,820 £ 192,500
PBD178000 Parklands 178 PARKLANDS SS4 1SY 3 Bed House Assured 130.80 £ 64,420 £ 110,820 £ 192,500
PBD180000 Parklands 180 PARKLANDS SS4 1SY 3 Bed House Assured 133.95 £ 65,970 £ 110,820 £ 192,500
PBD182000 Parklands 182 PARKLANDS SS4 1SY 2 Bed House Assured 110.39 £ 54,370 £ 96,610 £ 170,000
PBD184000 Parklands 184 PARKLANDS SS4 1SY 2 Bed House Assured 111.25 £ 54,790 £ 96,610 £ 170,000
PBD186000 Parklands 186 PARKLANDS SS4 1SY 2 Bed House Assured 110.70 £ 54,520 £ 96,610 £ 170,000
PBD188000 Parklands 188 PARKLANDS SS4 1SY 3 Bed House Assured 133.95 £ 65,970 £ 109,420 £ 190,000
PBD190000 Parklands 190 PARKLANDS SS4 1SY 2 Bed House Assured 110.91 £ 54,620 £ 96,610 £ 170,000
PBD192000 Parklands 192 PARKLANDS SS4 1SY 2 Bed House Assured 109.89 £ 54,120 £ 96,610 £ 170,000
PBD194000 Parklands 194 PARKLANDS SS4 1SY 2 Bed House Assured 110.70 £ 54,520 £ 96,610 £ 170,000
PBD196000 Parklands 196 PARKLANDS SS4 1SY 2 Bed House Assured 109.89 £ 54,120 £ 96,610 £ 170,000
PBD198000 Parklands 198 PARKLANDS SS4 1SY 2 Bed House Assured 110.44 £ 54,390 £ 96,610 £ 170,000
PBD200000 Parklands 200 PARKLANDS SS4 1SY 3 Bed House Assured 133.95 £ 65,970 £ 109,420 £ 190,000
PBD202000 Parklands 202 PARKLANDS SS4 1SY 2 Bed House Assured 108.96 £ 53,660 £ 96,610 £ 170,000
PBD204000 Parklands 204 PARKLANDS SS4 1SY 2 Bed House Assured 111.25 £ 54,790 £ 96,610 £ 170,000
PBD206000 Parklands 206 PARKLANDS SS4 1SY 2 Bed House Assured 109.62 £ 53,990 £ 96,610 £ 170,000
PBD208000 Parklands 208 PARKLANDS SS4 1SY 2 Bed House Assured 110.70 £ 54,520 £ 96,610 £ 170,000
PBD210000 Parklands 210 PARKLANDS SS4 1SY 3 Bed House Assured 133.95 £ 65,970 £ 109,420 £ 190,000
PBD091000 Parklands 91 PARKLANDS SS4 1SY 1 Bed Flat Starter Tenancy 74.60 £ 36,750 £ 60,330 £ 75,000
PBD093000 Parklands 93 PARKLANDS SS4 1SY 1 Bed Flat Assured 79.64 £ 39,220 £ 60,330 £ 75,000
PBD095000 Parklands 95 PARKLANDS SS4 1SY 1 Bed Flat Assured 79.64 £ 39,220 £ 60,330 £ 75,000
PBD097000 Parklands 97 PARKLANDS SS4 1SY 1 Bed Flat Assured 79.08 £ 38,950 £ 60,330 £ 75,000
PBD099000 Parklands 99 PARKLANDS SS4 1SY 1 Bed Flat Assured 81.93 £ 40,350 £ 60,330 £ 75,000
STS010000 Various CM CO GU ME RG SL SS 10 ST JOHN'S CRESCENT SS8 9ND 3 Bed House Assured 127.49 £ 67,530 £ 108,770 £ 150,000
STS019000 Various CM CO GU ME RG SL SS 19 ST JOHNS CRESCENT SS8 9ND 3 Bed House Assured 130.30 £ 69,020 £ 108,770 £ 150,000
STS027000 Various CM CO GU ME RG SL SS 27 ST JOHN'S CRESCENT SS8 9ND 3 Bed House Protected Assured 120.94 £ 64,060 £ 108,770 £ 150,000
MEA045000 Various CM CO GU ME RG SL SS 45 MEADOW VIEW WALK SS8 9SA 3 Bed House Assured 126.99 £ 67,270 £ 99,620 £ 140,000
MEA051000 Various CM CO GU ME RG SL SS 51 MEADOW VIEW WALK SS8 9SA 3 Bed House Assured 127.49 £ 67,530 £ 99,620 £ 140,000
401069001A Various CR KT SM SW TW FLAT A, 69 HEAVER ROAD SW11 2ND 1 Bed Flat Assured 105.03 £ 58,900 £ 92,150 £ 130,000
401069002A Various CR KT SM SW TW FLAT B, 69 HEAVER ROAD SW11 2ND 1 Bed Flat Assured 105.03 £ 58,900 £ 92,150 £ 130,000
BOE001000 Various CR KT SM SW TW 1 BRIDGE LANE SW11 3AD 3 Bed House Fair Rent 119.52 £ 67,020 £ 202,670 £ 300,000
OAT017000 Various Battersea 17 OCTAVIA STREET SW11 3DN 3 Bed House Fair Rent 101.42 £ 59,290 £ 257,090 £ 425,000
OAT023000 Various Battersea 23 OCTAVIA STREET SW11 3DN 3 Bed House Fair Rent 96.68 £ 56,520 £ 257,090 £ 425,000
OAT032001 Various Battersea FLAT A 32 OCTAVIA STREET SW11 3DN 1 Bed Flat Assured 99.02 £ 57,890 £ 161,020 £ 265,000
OAT032002 Various Battersea FLAT B 32 OCTAVIA STREET SW11 3DN 1 Bed Flat Fair Rent 70.35 £ 41,130 £ 161,020 £ 265,000
OAT034000 Various Battersea 34 OCTAVIA STREET SW11 3DN 3 Bed House Fair Rent 113.71 £ 66,480 £ 261,340 £ 435,000
OAT037001 Various Battersea FLAT A 37 OCTAVIA STREET SW11 3DN 1 Bed Flat Assured 115.54 £ 67,550 £ 161,020 £ 265,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 49 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
OAT037002 Various Battersea FLAT B 37 OCTAVIA STREET SW11 3DN 1 Bed Flat Fair Rent 74.65 £ 43,640 £ 161,020 £ 265,000
OAT040001 Various Battersea FLAT A 40 OCTAVIA STREET SW11 3DN 1 Bed Flat Fair Rent 101.52 £ 59,350 £ 161,020 £ 265,000
OAT040002 Various Battersea FLAT B 40 OCTAVIA STREET SW11 3DN 1 Bed Flat Assured 93.26 £ 54,520 £ 161,020 £ 265,000
OAT005001 Various Battersea FLAT A 5 OCTAVIA STREET SW11 3DN 1 Bed Flat Fair Rent 82.22 £ 48,070 £ 161,020 £ 265,000
OAT005002 Various Battersea FLAT B 5 OCTAVIA STREET SW11 3DN 1 Bed Flat Fair Rent 70.35 £ 41,130 £ 161,020 £ 265,000
OAT007001 Various Battersea FLAT A 7 OCTAVIA STREET SW11 3DN 1 Bed Flat Assured 112.78 £ 65,930 £ 161,020 £ 265,000
OAT007002 Various Battersea FLAT B 7 OCTAVIA STREET SW11 3DN 1 Bed Flat Assured 92.11 £ 53,850 £ 161,020 £ 265,000
HIE026001 Various Battersea FLAT A 26 HENNING STREET SW11 3DR 1 Bed Flat Fair Rent 80.20 £ 46,890 £ 161,020 £ 265,000
HIE026002 Various Battersea FLAT B 26 HENNING STREET SW11 3DR 1 Bed Flat Fair Rent 75.93 £ 44,390 £ 161,020 £ 265,000
HIE028001 Various Battersea FLAT A 28 HENNING STREET SW11 3DR 0 Bed Flat Assured 80.87 £ 47,280 £ 131,350 £ 205,000
HIE028002 Various Battersea FLAT B 28 HENNING STREET SW11 3DR 0 Bed Flat Assured 81.20 £ 47,470 £ 131,350 £ 205,000
HIE028003 Various Battersea FLAT C 28 HENNING STREET SW11 3DR 1 Bed Flat Fair Rent 77.96 £ 45,580 £ 161,020 £ 265,000
HIE005001 Various Battersea FLAT A 5 HENNING STREET SW11 3DR 2 Bed Flat Assured 100.72 £ 58,880 £ 180,200 £ 280,000
HIE005002 Various Battersea FLAT B 5 HENNING STREET SW11 3DR 1 Bed Flat Fair Rent 101.61 £ 59,400 £ 161,020 £ 265,000
UCO013000 Various CR KT SM SW TW 13 URSULA STREET SW11 3DW 3 Bed House Fair Rent 101.41 £ 56,870 £ 202,670 £ 300,000
COE004001 Various CR KT SM SW TW FLAT A 4 COLESTOWN STREET SW11 3EH 2 Bed Flat Assured 128.84 £ 72,250 £ 187,690 £ 265,000
COE004002 Various CR KT SM SW TW FLAT B 4 COLESTOWN STREET SW11 3EH 2 Bed Flat Assured 110.84 £ 62,150 £ 187,690 £ 265,000
COE004003 Various CR KT SM SW TW FLAT C 4 COLESTOWN STREET SW11 3EH 2 Bed Flat Assured 129.57 £ 72,660 £ 187,690 £ 265,000
BAY007000 Various CR KT SM SW TW 7 BANBURY STREET SW11 3EJ 2 Bed House Assured 125.22 £ 70,220 £ 187,690 £ 265,000
BAJ019000 Various Battersea 19 BALFERN STREET SW11 3EL 2 Bed Flat Assured 97.35 £ 56,910 £ 188,890 £ 295,000
BAJ021001 Various Battersea FLAT A 21 BALFERN STREET SW11 3EL 2 Bed Flat Fair Rent 86.01 £ 50,280 £ 188,890 £ 295,000
BAJ021002 Various Battersea FLAT B 21 BALFERN STREET SW11 3EL 2 Bed Flat Assured 100.92 £ 59,000 £ 188,890 £ 295,000
BAJ041001 Various Battersea FLAT A 41 BALFERN STREET SW11 3EL 1 Bed Flat Assured 77.19 £ 45,130 £ 161,020 £ 265,000
BAJ041002 Various Battersea FLAT B 41 BALFERN STREET SW11 3EL 1 Bed Flat Assured 115.54 £ 67,550 £ 161,020 £ 265,000
BAJ043001 Various Battersea FLAT A 43 BALFERN STREET SW11 3EL 1 Bed Flat Assured 95.39 £ 55,770 £ 161,020 £ 265,000
BAJ043002 Various Battersea FLAT B 43 BALFERN STREET SW11 3EL 1 Bed Flat Assured 86.32 £ 50,460 £ 161,020 £ 265,000
BAJ047000 Various Battersea 47 BALFERN STREET SW11 3EL 2 Bed House Fair Rent 92.40 £ 54,020 £ 220,890 £ 360,000
BAJ049001 Various Battersea FLAT A 49 BALFERN STREET SW11 3EL 2 Bed Flat Assured 82.49 £ 48,220 £ 188,890 £ 295,000
BAJ049002 Various Battersea FLAT B 49 BALFERN STREET SW11 3EL 2 Bed Flat Assured 88.02 £ 51,460 £ 188,890 £ 295,000
BAJ051000 Various Battersea 51 BALFERN STREET SW11 3EL 3 Bed House Assured 118.52 £ 69,290 £ 257,090 £ 425,000
BAJ009000 Various Battersea 9 BALFERN STREET SW11 3EL 3 Bed House Fair Rent 103.00 £ 60,210 £ 257,090 £ 425,000
BAJ010000 Various Battersea 10 BALFERN STREET SW11 3EN 3 Bed House Fair Rent 118.59 £ 69,330 £ 257,090 £ 425,000
BAJ014000 Various Battersea 14 BALFERN STREET SW11 3EN 2 Bed Flat Fair Rent 97.39 £ 56,930 £ 188,890 £ 295,000
BAJ016001 Various Battersea FLAT A 16 BALFERN STREET SW11 3EN 2 Bed Flat Assured 129.57 £ 75,750 £ 188,890 £ 295,000
BAJ016002 Various Battersea FLAT B 16 BALFERN STREET SW11 3EN 2 Bed Flat Assured 129.57 £ 75,750 £ 188,890 £ 295,000
BAJ018000 Various Battersea 18 BALFERN STREET SW11 3EN 2 Bed Flat Assured 121.38 £ 70,960 £ 188,890 £ 295,000
BAJ020001 Various Battersea FLAT A 20 BALFERN STREET SW11 3EN 2 Bed Flat Assured 107.27 £ 62,710 £ 188,890 £ 295,000
BAJ020002 Various Battersea FLAT B 20 BALFERN STREET SW11 3EN 2 Bed Flat Assured 105.13 £ 61,460 £ 188,890 £ 295,000
BAJ022000 Various Battersea 22 BALFERN STREET SW11 3EN 3 Bed House Fair Rent 110.92 £ 64,840 £ 257,090 £ 425,000
BAJ028001 Various Battersea FLAT A 28 BALFERN STREET SW11 3EN 1 Bed Flat Assured 85.37 £ 49,910 £ 161,020 £ 265,000
BAJ028002 Various Battersea FLAT B 28 BALFERN STREET SW11 3EN 1 Bed Flat Assured 81.01 £ 47,360 £ 161,020 £ 265,000
BAJ002001 Various Battersea FLAT A 2A BALFERN STREET SW11 3EN 1 Bed Flat Assured 88.60 £ 51,800 £ 137,090 £ 220,000
BAJ002002 Various Battersea FLAT B 2A BALFERN STREET SW11 3EN 1 Bed Flat Assured 93.26 £ 54,520 £ 161,020 £ 265,000
BAJ032001 Various Battersea FLAT A 32 BALFERN STREET SW11 3EN 1 Bed Flat Assured 95.48 £ 55,820 £ 161,020 £ 265,000
BAJ032002 Various Battersea FLAT B 32 BALFERN STREET SW11 3EN 1 Bed Flat Assured 115.15 £ 67,320 £ 161,020 £ 265,000
BAJ034001 Various Battersea FLAT A 34 BALFERN STREET SW11 3EN 1 Bed Flat Assured 117.33 £ 68,590 £ 161,020 £ 265,000
BAJ034002 Various Battersea FLAT B 34 BALFERN STREET SW11 3EN 1 Bed Flat Fair Rent 78.47 £ 45,870 £ 161,020 £ 265,000
BAJ036000 Various Battersea 36 BALFERN STREET SW11 3EN 3 Bed House Fair Rent 93.42 £ 54,610 £ 257,090 £ 425,000
BAJ042001 Various Battersea FLAT A 42 BALFERN STREET SW11 3EN 1 Bed Flat Assured 84.49 £ 49,390 £ 161,020 £ 265,000
BAJ042002 Various Battersea FLAT B 42 BALFERN STREET SW11 3EN 1 Bed Flat Fair Rent 81.47 £ 47,630 £ 161,020 £ 265,000
BAJ044000 Various Battersea 44 BALFERN STREET SW11 3EN 3 Bed House Assured 127.01 £ 74,250 £ 257,090 £ 425,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 50 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
BAJ046000 Various Battersea 46 BALFERN STREET SW11 3EN 3 Bed House Assured 123.55 £ 72,230 £ 257,090 £ 425,000
BAJ058000 Various Battersea 58 BALFERN STREET SW11 3EN 5 Bed House Fair Rent 118.50 £ 69,280 £ 308,210 £ 540,000
BAJ006000 Various Battersea 6 BALFERN STREET SW11 3EN 3 Bed House Fair Rent 114.25 £ 66,790 £ 257,090 £ 425,000
BAJ008000 Various Battersea 8 BALFERN STREET SW11 3EN 3 Bed House Assured 125.11 £ 73,140 £ 257,090 £ 425,000
IBE014001 Various Battersea FLAT A 14 INWORTH STREET SW11 3EP 1 Bed Flat Assured 88.70 £ 51,850 £ 161,020 £ 265,000
IBE014002 Various Battersea FLAT B 14 INWORTH STREET SW11 3EP 3 Bed Flat Fair Rent 100.32 £ 58,650 £ 222,990 £ 360,000
IBE024001 Various Battersea FLAT A 24 INWORTH STREET SW11 3EP 1 Bed Flat Assured 93.86 £ 54,870 £ 161,020 £ 265,000
IBE024002 Various Battersea FLAT B 24 INWORTH STREET SW11 3EP 3 Bed Flat Assured 111.70 £ 65,300 £ 214,920 £ 340,000
IBE036001 Various Battersea FLAT A 36 INWORTH STREET SW11 3EP 1 Bed Flat Assured 114.97 £ 67,210 £ 161,020 £ 265,000
IBE036002 Various Battersea FLAT B 36 INWORTH STREET SW11 3EP 1 Bed Flat Assured 114.62 £ 67,010 £ 161,020 £ 265,000
IBE050001 Various Battersea FLAT A 50 INWORTH STREET SW11 3EP 2 Bed Flat Fair Rent 81.48 £ 47,630 £ 188,890 £ 295,000
IBE050002 Various Battersea FLAT B 50 INWORTH STREET SW11 3EP 2 Bed Flat Assured 124.12 £ 72,560 £ 180,200 £ 280,000
IBE058001 Various Battersea FLAT A 58 INWORTH STREET SW11 3EP 1 Bed Flat Assured 92.83 £ 54,270 £ 161,020 £ 265,000
IBE058002 Various Battersea FLAT B 58 INWORTH STREET SW11 3EP 1 Bed Flat Assured 88.15 £ 51,530 £ 161,020 £ 265,000
IBE062000 Various Battersea 62 INWORTH STREET SW11 3EP 3 Bed House Fair Rent 108.75 £ 63,580 £ 257,090 £ 425,000
BRY001001 Various Battersea 1 BULLEN STREET SW11 3ER 4 Bed House Fair Rent 126.54 £ 73,980 £ 278,920 £ 470,000
BRY011001 Various Battersea FLAT A 11 BULLEN STREET SW11 3ER 2 Bed Flat Fair Rent 85.03 £ 49,710 £ 188,890 £ 295,000
BRY011002 Various Battersea FLAT B 11 BULLEN STREET SW11 3ER 2 Bed Flat Assured 105.05 £ 61,410 £ 188,890 £ 295,000
BRY011003 Various Battersea FLAT C 11 BULLEN STREET SW11 3ER 2 Bed Flat Assured 128.51 £ 75,130 £ 188,890 £ 295,000
BRY013000 Various Battersea 13 BULLEN STREET SW11 3ER 4 Bed House Assured 143.52 £ 83,900 £ 290,160 £ 495,000
BRY017001 Various Battersea FLAT A 17 BULLEN STREET SW11 3ER 1 Bed Flat Assured 112.78 £ 65,930 £ 161,020 £ 265,000
BRY017002 Various Battersea FLAT B 17 BULLEN STREET SW11 3ER 3 Bed Flat Fair Rent 86.01 £ 50,280 £ 214,920 £ 340,000
BRY019001 Various Battersea FLAT A 19 BULLEN STREET SW11 3ER 1 Bed Flat Assured 114.97 £ 67,210 £ 161,020 £ 265,000
BRY019002 Various Battersea FLAT B 19 BULLEN STREET SW11 3ER 3 Bed Flat Fair Rent 100.01 £ 58,470 £ 222,990 £ 360,000
BRY029001 Various Battersea FLAT A 29 BULLEN STREET SW11 3ER 1 Bed Flat Assured 114.97 £ 67,210 £ 161,020 £ 265,000
BRY029002 Various Battersea FLAT B 29 BULLEN STREET SW11 3ER 3 Bed Flat Assured 118.42 £ 69,230 £ 222,990 £ 360,000
BRY003000 Various Battersea 3 BULLEN STREET SW11 3ER 5 Bed House Assured 149.83 £ 87,550 £ 295,050 £ 510,000
BRY033000 Various Battersea 33 BULLEN STREET SW11 3ER 4 Bed House Fair Rent 120.42 £ 70,400 £ 290,160 £ 495,000
BRY039001 Various Battersea FLAT A 39 BULLEN STREET SW11 3ER 1 Bed Flat Assured 114.83 £ 67,130 £ 161,020 £ 265,000
BRY039002 Various Battersea FLAT B 39 BULLEN STREET SW11 3ER 3 Bed Flat Assured 136.55 £ 79,830 £ 222,990 £ 360,000
BRY045001 Various Battersea FLAT A 45 BULLEN STREET SW11 3ER 1 Bed Flat Assured 83.23 £ 48,660 £ 161,020 £ 265,000
BRY045002 Various Battersea FLAT B 45 BULLEN STREET SW11 3ER 3 Bed Flat Fair Rent 108.08 £ 63,180 £ 222,990 £ 360,000
BRY047000 Various Battersea 47 BULLEN STREET SW11 3ER 2 Bed House Fair Rent 92.39 £ 54,010 £ 220,890 £ 360,000
BRY049001 Various Battersea FLAT A 49 BULLEN STREET SW11 3ER 2 Bed Flat Assured 101.04 £ 59,070 £ 180,200 £ 280,000
BRY049002 Various Battersea FLAT B 49 BULLEN STREET SW11 3ER 2 Bed Flat Assured 128.34 £ 75,030 £ 180,200 £ 280,000
BRY049003 Various Battersea FLAT C 49 BULLEN STREET SW11 3ER 2 Bed Flat Assured 100.35 £ 58,670 £ 188,890 £ 295,000
BRY051001 Various Battersea FLAT A 51 BULLEN STREET SW11 3ER 1 Bed Flat Assured 93.22 £ 54,500 £ 161,020 £ 265,000
BRY051002 Various Battersea FLAT B 51 BULLEN STREET SW11 3ER 3 Bed Flat Fair Rent 105.34 £ 61,580 £ 222,990 £ 360,000
BRY053001 Various Battersea FLAT A 53 BULLEN STREET SW11 3ER 1 Bed Flat Assured 91.89 £ 53,720 £ 161,020 £ 265,000
BRY053002 Various Battersea FLAT B 53 BULLEN STREET SW11 3ER 3 Bed Flat Fair Rent 95.33 £ 55,730 £ 222,990 £ 360,000
BRY055001 Various Battersea FLAT A 55 BULLEN STREET SW11 3ER 1 Bed Flat Assured 92.38 £ 54,010 £ 161,020 £ 265,000
BRY055002 Various Battersea FLAT B 55 BULLEN STREET SW11 3ER 3 Bed Flat Fair Rent 100.01 £ 58,470 £ 222,990 £ 360,000
BRY009000 Various Battersea 9 BULLEN STREET SW11 3ER 2 Bed House Fair Rent 88.54 £ 51,760 £ 220,890 £ 360,000
IBE007001 Various CR KT SM SW TW FLAT A 7 INWORTH STREET SW11 3EW 1 Bed Flat Fair Rent 82.27 £ 46,130 £ 170,360 £ 240,000
IBE007002 Various CR KT SM SW TW FLAT B 7 INWORTH STREET SW11 3EW 1 Bed Flat Assured 94.34 £ 52,900 £ 170,360 £ 240,000
IBE037000 Various CR KT SM SW TW 37 INWORTH STREET SW11 3EW 3 Bed House Fair Rent 113.60 £ 63,700 £ 202,670 £ 300,000
IBE039000 Various CR KT SM SW TW 39 INWORTH STREET SW11 3EW 3 Bed House Fair Rent 106.53 £ 59,740 £ 202,670 £ 300,000
BTY046002 Various CR KT SM SW TW FIRST FLOOR FLAT 46 BYRNE ROAD SW12 9JB 2 Bed Flat Assured 100.27 £ 56,230 £ 218,850 £ 340,000
BTY046001 Various CR KT SM SW TW GROUND FLOOR FLAT 46 BYRNE ROAD SW12 9JB 2 Bed Flat Fair Rent 94.33 £ 52,900 £ 218,850 £ 340,000
3351090043 Various CR KT SM SW TW FLAT 1 (Ground Floor) 109 FERNLEA ROAD SW12 9RP 2 Bed FlatShort Term Assured
Tenancy 117.81 £ 66,060 £ 218,850 £ 340,000
3351090013 Various CR KT SM SW TW FLAT 2 (First Floor) 109 FERNLEA ROAD SW12 9RP 3 Bed FlatShort Term Assured
Tenancy 110.64 £ 62,040 £ 234,100 £ 360,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 51 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
DRC006000 Various CR KT SM SW TW 6 DURFORD CRESCENT SW15 4AU 4 Bed House Assured 94.47 £ 52,970 £ 202,670 £ 300,000
COLB02001 Colinette Road FLAT 1 20 COLINETTE ROAD SW15 6QQ 0 Bed Flat Assured 71.53 £ 36,440 £ 121,110 £ 215,000
COLB02002 Colinette Road FLAT 2 20 COLINETTE ROAD SW15 6QQ 1 Bed Flat Assured 98.72 £ 50,290 £ 147,130 £ 255,000
COLB02003 Colinette Road FLAT 3 20 COLINETTE ROAD SW15 6QQ 0 Bed Flat Assured 70.74 £ 36,030 £ 121,110 £ 215,000
COLB02004 Colinette Road FLAT 4 20 COLINETTE ROAD SW15 6QQ 1 Bed Flat Assured 80.13 £ 40,820 £ 147,130 £ 255,000
COLB02005 Colinette Road FLAT 5 20 COLINETTE ROAD SW15 6QQ 1 Bed Flat Fair Rent 68.15 £ 34,710 £ 147,130 £ 255,000
COLB02006 Colinette Road FLAT 6 20 COLINETTE ROAD SW15 6QQ 1 Bed Flat Fair Rent 68.15 £ 34,710 £ 147,130 £ 255,000
COLB02007 Colinette Road FLAT 7 20 COLINETTE ROAD SW15 6QQ 1 Bed Flat Fair Rent 68.15 £ 34,710 £ 147,130 £ 255,000
COLB02008 Colinette Road FLAT 8 20 COLINETTE ROAD SW15 6QQ 1 Bed Flat Assured 92.83 £ 47,290 £ 147,130 £ 255,000
DGO072001 Various CR KT SM SW TW FLAT A 72 DREWSTEAD ROAD SW16 1AG 3 Bed Flat Fair Rent 86.97 £ 48,770 £ 172,870 £ 257,500
DGO072002 Various CR KT SM SW TW FLAT B 72 DREWSTEAD ROAD SW16 1AG 1 Bed Flat Assured 85.06 £ 47,700 £ 160,730 £ 270,000
DGO072003 Various CR KT SM SW TW FLAT C 72 DREWSTEAD ROAD SW16 1AG 1 Bed Flat Assured 100.00 £ 56,080 £ 160,730 £ 270,000
244096001A Gleneldon Road 96A GLENELDON ROAD SW16 2BZ 1 Bed Flat Secured 64.53 £ 33,920 £ 101,660 £ 160,000
244096002A Gleneldon Road 96B GLENELDON ROAD SW16 2BZ 1 Bed Flat Assured 79.44 £ 41,760 £ 101,660 £ 160,000
244096003A Gleneldon Road 96C GLENELDON ROAD SW16 2BZ 1 Bed Flat Assured 79.28 £ 41,680 £ 101,670 £ 160,000
244096004A Gleneldon Road 96D GLENELDON ROAD SW16 2BZ 1 Bed Flat Assured 79.28 £ 41,680 £ 101,670 £ 160,000
244096005A Gleneldon Road 96E GLENELDON ROAD SW16 2BZ 1 Bed Flat Assured 78.81 £ 41,430 £ 101,670 £ 160,000
244096006A Gleneldon Road 96F GLENELDON ROAD SW16 2BZ 1 Bed Flat Assured 94.23 £ 49,530 £ 101,670 £ 160,000
FWT050000 Various CR KT SM SW TW 50 FAWCETT CLOSE SW16 2QJ 3 Bed House Fair Rent 127.15 £ 71,300 £ 177,810 £ 260,000
ABC135000 Various CR KT SM SW TW 135 ABERCAIRN ROAD SW16 5AH 3 Bed House Fair Rent 113.15 £ 63,450 £ 177,810 £ 260,000
BYS046000 Various CR KT SM SW TW 46 BESLEY STREET SW16 6BD 3 Bed House Assured 127.15 £ 71,300 £ 177,810 £ 260,000
FSB217000 Various CR KT SM SW TW 217 FALLSBROOK ROAD SW16 6DY 3 Bed House Fair Rent 127.15 £ 71,300 £ 177,810 £ 260,000
CSH063000 Various CR KT SM SW TW 63 CORSEHILL STREET SW16 6NE 3 Bed House Assured 119.67 £ 67,110 £ 194,000 £ 300,000
DSR046000 Various CR KT SM SW TW 46 DEAL ROAD SW17 9JW 3 Bed House Assured 119.67 £ 67,110 £ 194,000 £ 300,000
HAWA00001 Hawthorn Crescent 1 HAWTHORN CRESCENT SW17 9SU 2 Bed Flat Assured 112.03 £ 69,730 £ 129,490 £ 205,000
HAWA00011 Hawthorn Crescent 11 HAWTHORN CRESCENT SW17 9SU 1 Bed Flat Starter Tenancy 107.41 £ 66,850 £ 117,370 £ 170,000
HAWA00012 Hawthorn Crescent 12 HAWTHORN CRESCENT SW17 9SU 2 Bed Flat Starter Tenancy 127.21 £ 79,170 £ 132,820 £ 215,000
HAWA00013 Hawthorn Crescent 13 HAWTHORN CRESCENT SW17 9SU 2 Bed Flat Assured 116.11 £ 72,270 £ 132,820 £ 215,000
HAWA00014 Hawthorn Crescent 14 HAWTHORN CRESCENT SW17 9SU 1 Bed Flat Assured 100.21 £ 62,370 £ 117,370 £ 170,000
HAWA00015 Hawthorn Crescent 15 HAWTHORN CRESCENT SW17 9SU 1 Bed Flat Assured 97.39 £ 60,610 £ 117,370 £ 170,000
HAWA00016 Hawthorn Crescent 16 HAWTHORN CRESCENT SW17 9SU 3 Bed Flat Assured 117.93 £ 73,400 £ 150,690 £ 260,000
HAWA00017 Hawthorn Crescent 17 HAWTHORN CRESCENT SW17 9SU 4 Bed Flat Assured 135.17 £ 84,130 £ 171,020 £ 295,000
HAWA00018 Hawthorn Crescent 18 HAWTHORN CRESCENT SW17 9SU 3 Bed Flat Assured 124.84 £ 77,700 £ 150,690 £ 260,000
HAWA00002 Hawthorn Crescent 2 HAWTHORN CRESCENT SW17 9SU 1 Bed Flat Assured 89.94 £ 55,980 £ 117,370 £ 170,000
HAWA00003 Hawthorn Crescent 3 HAWTHORN CRESCENT SW17 9SU 1 Bed Flat Assured 101.33 £ 63,070 £ 117,370 £ 170,000
HAWA00004 Hawthorn Crescent 4 HAWTHORN CRESCENT SW17 9SU 1 Bed Flat Assured 101.00 £ 62,860 £ 117,370 £ 170,000
HAWA00005 Hawthorn Crescent 5 HAWTHORN CRESCENT SW17 9SU 1 Bed Flat Starter Tenancy 112.78 £ 70,190 £ 117,370 £ 170,000
HAWA00006 Hawthorn Crescent 6 HAWTHORN CRESCENT SW17 9SU 1 Bed Flat Starter Tenancy 74.34 £ 46,270 £ 117,370 £ 170,000
HAWA00007 Hawthorn Crescent 7 HAWTHORN CRESCENT SW17 9SU 2 Bed Flat Assured 116.11 £ 72,270 £ 132,820 £ 215,000
HAWA00008 Hawthorn Crescent 8 HAWTHORN CRESCENT SW17 9SU 1 Bed Flat Assured 107.41 £ 66,850 £ 117,370 £ 170,000
HAWA00009 Hawthorn Crescent 9 HAWTHORN CRESCENT SW17 9SU 1 Bed Flat Assured 76.05 £ 47,330 £ 106,570 £ 155,000
HAWA00010 Hawthorn Crescent FLAT 10 HAWTHORN CRESCENT SW17 9SU 1 Bed Flat Starter Tenancy 107.41 £ 66,850 £ 117,370 £ 170,000
HAWA00019 Hawthorn Crescent 19 HAWTHORN CRESCENT SW17 9SX 2 Bed Flat Assured 119.62 £ 74,450 £ 132,820 £ 215,000
HAWA00020 Hawthorn Crescent 20 HAWTHORN CRESCENT SW17 9SX 1 Bed Flat Fair Rent 69.29 £ 43,130 £ 117,370 £ 170,000
HAWA00021 Hawthorn Crescent 21 HAWTHORN CRESCENT SW17 9SX 1 Bed Flat Assured 117.90 £ 73,380 £ 106,560 £ 155,000
HAWA00022 Hawthorn Crescent 22 HAWTHORN CRESCENT SW17 9SX 1 Bed Flat Assured 93.36 £ 58,110 £ 117,370 £ 170,000
HAWA00023 Hawthorn Crescent 23 HAWTHORN CRESCENT SW17 9SX 1 Bed Flat Assured 115.50 £ 71,890 £ 117,370 £ 170,000
HAWA00024 Hawthorn Crescent 24 HAWTHORN CRESCENT SW17 9SX 1 Bed Flat Assured 111.31 £ 69,280 £ 117,370 £ 170,000
HAWA00025 Hawthorn Crescent 25 HAWTHORN CRESCENT SW17 9SX 4 Bed Flat Assured 121.08 £ 75,360 £ 165,020 £ 290,000
N5002600A Hawthorn Crescent ROOM A 26 HAWTHORN CRESCENT SW17 9SX Room Managed £ - £ - £ -
N5002600B Hawthorn Crescent ROOM B 26 HAWTHORN CRESCENT SW17 9SX Room Managed £ - £ - £ -
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 52 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
N5002600C Hawthorn Crescent ROOM C 26 HAWTHORN CRESCENT SW17 9SX Room Managed £ - £ - £ -
N5002600D Hawthorn Crescent ROOM D 26 HAWTHORN CRESCENT SW17 9SX Room Managed £ - £ - £ -
HAWA00027 Hawthorn Crescent 27 HAWTHORN CRESCENT SW17 9SX 1 Bed Flat Assured 98.48 £ 61,290 £ 117,370 £ 170,000
HAWA00028 Hawthorn Crescent 28 HAWTHORN CRESCENT SW17 9SX 1 Bed Flat Starter Tenancy 107.41 £ 66,850 £ 117,370 £ 170,000
HAWA00029 Hawthorn Crescent 29 HAWTHORN CRESCENT SW17 9SX 1 Bed Flat Assured 107.74 £ 67,060 £ 117,370 £ 170,000
HAWA00030 Hawthorn Crescent 30 HAWTHORN CRESCENT SW17 9SX 4 Bed House Assured 135.46 £ 84,310 £ 212,860 £ 370,000
HAWA00031 Hawthorn Crescent 31 HAWTHORN CRESCENT SW17 9SX 1 Bed Flat Starter Tenancy 107.41 £ 66,850 £ 117,370 £ 170,000
HAWA00032 Hawthorn Crescent 32 HAWTHORN CRESCENT SW17 9SX 1 Bed Flat Fair Rent 73.15 £ 45,530 £ 117,370 £ 170,000
HAWA00033 Hawthorn Crescent 33 HAWTHORN CRESCENT SW17 9SX 4 Bed House Assured 136.03 £ 84,630 £ 212,860 £ 370,000
HAWA00034 Hawthorn Crescent 34 HAWTHORN CRESCENT SW17 9SY 3 Bed House Fair Rent 96.37 £ 59,980 £ 182,930 £ 325,000
BARA05200 Various CR KT SM SW TW 52 BARMOUTH ROAD SW18 2DT 4 Bed House Assured 143.52 £ 80,480 £ 80,480 £ 660,000
EAJ197001 Various CR KT SM SW TW FLAT A 197 EARLSFIELD ROAD SW18 3DD 1 Bed Flat Assured 93.49 £ 52,430 £ 160,730 £ 270,000
EAJ197002 Various CR KT SM SW TW FLAT B 197 EARLSFIELD ROAD SW18 3DD 1 Bed Flat Fair Rent 37.50 £ 21,030 £ 160,730 £ 270,000
WILA01900 Various CR KT SM SW TW 19 WILDE PLACE SW18 3NS 3 Bed House Assured 128.02 £ 71,790 £ 222,490 £ 355,000
WILA02700 Various CR KT SM SW TW 26 WILDE PLACE SW18 3NS 2 Bed House Assured 106.76 £ 59,870 £ 201,260 £ 330,000
WILA02800 Various CR KT SM SW TW 28 WILDE PLACE SW18 3NS 2 Bed House Assured 117.48 £ 65,880 £ 206,810 £ 335,000
SQT040001 Various CR KT SM SW TW FLAT A 40 STRATHVILLE ROAD SW18 4QZ 1 Bed Flat Fair Rent 73.29 £ 41,100 £ 170,800 £ 240,000
SQT040002 Various CR KT SM SW TW FLAT B 40 STRATHVILLE ROAD SW18 4QZ 1 Bed Flat Assured 115.54 £ 64,790 £ 170,800 £ 240,000
SQT042000 Various CR KT SM SW TW 42 STRATHVILLE ROAD SW18 4QZ 3 Bed House Fair Rent 90.72 £ 50,870 £ 192,280 £ 275,000
MERB12401 Various CR KT SM SW TW FLAT 1 124 MERTON ROAD SW18 5SP 1 Bed Flat Assured 108.66 £ 60,930 £ 170,800 £ 240,000
MERB12402 Various CR KT SM SW TW FLAT 2 124 MERTON ROAD SW18 5SP 1 Bed Flat Assured 93.63 £ 52,500 £ 170,800 £ 240,000
MERB12403 Various CR KT SM SW TW FLAT 3 124 MERTON ROAD SW18 5SP 1 Bed Flat Fair Rent 62.87 £ 35,250 £ 170,800 £ 240,000
MERB12404 Various CR KT SM SW TW FLAT 4 124 MERTON ROAD SW18 5SP 1 Bed Flat Assured 104.60 £ 58,660 £ 170,800 £ 240,000
POPA02300 Various CR KT SM SW TW 23 POPE CLOSE SW19 1TT 2 Bed House Assured 114.15 £ 64,010 £ 153,820 £ 232,500
LANA02300 Various CR KT SM SW TW 23 LANDSEER CLOSE SW19 2UT 2 Bed House Assured 117.99 £ 66,160 £ 148,870 £ 230,000
DAJ077001 Various CR KT SM SW TW FLAT A 77 DALBERG ROAD SW2 1AL 1 Bed Flat Assured 93.70 £ 52,540 £ 172,020 £ 245,000
DAJ077002 Various CR KT SM SW TW FLAT B 77 DALBERG ROAD SW2 1AL 1 Bed Flat Fair Rent 79.06 £ 44,330 £ 172,020 £ 245,000
DAJ089000 Various CR KT SM SW TW 89 DALBERG ROAD SW2 1AL 4 Bed House Fair Rent 122.56 £ 68,730 £ 242,050 £ 400,000
TAO034000 Various CR KT SM SW TW 34 TALMA ROAD SW2 1AT 3 Bed House Fair Rent 98.25 £ 55,090 £ 223,950 £ 370,000
EDO087001 Various CR KT SM SW TW FLAT A 87 EFFRA ROAD SW2 1DF 1 Bed FlatProtected Assured
Tenancy117.43 £ 65,850 £ 172,020 £ 245,000
EDO087002 Various CR KT SM SW TW FLAT B 87 EFFRA ROAD SW2 1DF 2 Bed Flat Fair Rent 74.88 £ 41,990 £ 189,250 £ 262,500
CTE062001 Various CR KT SM SW TW FLAT A 62 CRASTER ROAD SW2 2AX 1 Bed Flat Assured 100.00 £ 56,080 £ 120,900 £ 195,000
CTE062002 Various CR KT SM SW TW FLAT B 62 CRASTER ROAD SW2 2AX 2 Bed Flat Fair Rent 80.70 £ 45,250 £ 135,370 £ 210,000
CTE056000 Various CR KT SM SW TW 56 CRASTER ROAD SW2 2AX 3 Bed Flat Assured 118.04 £ 66,190 £ 179,460 £ 240,000
HHT011001 Various Brixton FLAT A 11 HELIX ROAD SW2 2JR 1 Bed Flat Fair Rent 73.76 £ 41,170 £ 124,970 £ 180,000
HHT011002 Various Brixton FLAT B 11 HELIX ROAD SW2 2JR 3 Bed Flat Assured 129.96 £ 72,540 £ 149,960 £ 245,000
HHT090001 Various Brixton FLAT A 90 HELIX ROAD SW2 2JT 1 Bed Flat Assured 87.11 £ 48,630 £ 124,970 £ 180,000
HHT090002 Various Brixton FLAT B 90 HELIX ROAD SW2 2JT 2 Bed Flat Fair Rent 74.60 £ 41,640 £ 136,580 £ 210,000
HHT094001 Various Brixton FLAT A 94 HELIX ROAD SW2 2JT 1 Bed Flat Assured 94.57 £ 52,790 £ 124,970 £ 180,000
HHT094002 Various Brixton FLAT B 94 HELIX ROAD SW2 2JT 2 Bed Flat Fair Rent 68.59 £ 38,290 £ 136,580 £ 210,000
JBJ025001 Various Brixton FLAT A 25 JOSEPHINE AVENUE SW2 2JX 1 Bed Flat Assured 100.00 £ 55,820 £ 124,970 £ 180,000
JBJ025002 Various Brixton FLAT B 25 JOSEPHINE AVENUE SW2 2JX 1 Bed Flat Assured 83.67 £ 46,700 £ 124,970 £ 180,000
JBJ025003 Various Brixton FLAT C 25 JOSEPHINE AVENUE SW2 2JX 2 Bed Flat Starter Tenancy 106.45 £ 59,420 £ 136,580 £ 210,000
JBJ018001 Various Brixton FLAT A 18 JOSEPHINE AVENUE SW2 2LA 1 Bed Flat Assured 100.00 £ 55,820 £ 124,970 £ 180,000
JBJ018002 Various Brixton FLAT B 18 JOSEPHINE AVENUE SW2 2LA 4 Bed Flat Fair Rent 86.00 £ 48,010 £ 184,100 £ 310,000
JBJ018003 Various Brixton FLAT C 18 JOSEPHINE AVENUE SW2 2LA 0 Bed Flat Assured 82.99 £ 46,330 £ 111,710 £ 160,000
JBJ002001 Various Brixton FLAT A 2 JOSEPHINE AVENUE SW2 2LA 2 Bed Flat Assured 114.50 £ 63,910 £ 143,680 £ 225,000
JBJ002002 Various Brixton FLAT B 2 JOSEPHINE AVENUE SW2 2LA 3 Bed Flat Fair Rent 88.77 £ 49,550 £ 158,850 £ 265,000
JBJ002003 Various Brixton FLAT C 2 JOSEPHINE AVENUE SW2 2LA 3 Bed Flat Assured 130.80 £ 73,010 £ 158,850 £ 265,000
JBJ004001 Various Brixton FLAT A 4 JOSEPHINE AVENUE SW2 2LA 1 Bed Flat Assured 99.96 £ 55,800 £ 124,970 £ 180,000
JBJ004002 Various Brixton FLAT B 4 JOSEPHINE AVENUE SW2 2LA 5 Bed Flat Fair Rent 106.74 £ 59,580 £ 212,360 £ 350,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 53 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
JBJ046001 Various Brixton FLAT A 46 JOSEPHINE AVENUE SW2 2LA 4 Bed Flat Fair Rent 132.95 £ 74,210 £ 184,100 £ 310,000
JBJ046002 Various Brixton FLAT B 46 JOSEPHINE AVENUE SW2 2LA 1 Bed Flat Starter Tenancy 93.21 £ 52,030 £ 124,970 £ 180,000
LDE014001 Various Brixton FLAT A 14 LEANDER ROAD SW2 2LH 1 Bed Flat Assured 96.04 £ 53,610 £ 124,970 £ 180,000
LDE014002 Various Brixton FLAT B 14 LEANDER ROAD SW2 2LH 3 Bed Flat Assured 123.01 £ 68,660 £ 149,960 £ 245,000
LDE020001 Various Brixton FLAT A 20 LEANDER ROAD SW2 2LH 1 Bed Flat Assured 93.16 £ 52,000 £ 124,970 £ 180,000
LDE020002 Various Brixton FLAT B 20 LEANDER ROAD SW2 2LH 2 Bed Flat Fair Rent 78.50 £ 43,820 £ 143,680 £ 225,000
LDE034001 Various Brixton FLAT A 34 LEANDER ROAD SW2 2LH 1 Bed Flat Assured 86.20 £ 48,120 £ 124,970 £ 180,000
LDE034002 Various Brixton FLAT B 34 LEANDER ROAD SW2 2LH 2 Bed Flat Assured 93.62 £ 52,260 £ 143,680 £ 225,000
LDE040001 Various Brixton FLAT A 40 LEANDER ROAD SW2 2LH 1 Bed Flat Assured 86.50 £ 48,280 £ 124,970 £ 180,000
LDE040002 Various Brixton FLAT B 40 LEANDER ROAD SW2 2LH 2 Bed Flat Assured 114.73 £ 64,040 £ 136,580 £ 210,000
LDE166001 Various Brixton FLAT A 166 LEANDER ROAD SW2 2LL 1 Bed Flat Assured 88.55 £ 49,430 £ 124,970 £ 180,000
LDE166002 Various Brixton FLAT B 166 LEANDER ROAD SW2 2LL 3 Bed Flat Assured 118.73 £ 66,280 £ 158,850 £ 265,000
LDE180001 Various Brixton FLAT A 180 LEANDER ROAD SW2 2LL 1 Bed Flat Fair Rent 64.76 £ 36,150 £ 124,970 £ 180,000
LDE180002 Various Brixton FLAT B 180 LEANDER ROAD SW2 2LL 2 Bed Flat Assured 114.50 £ 63,910 £ 136,580 £ 210,000
MGJ012001 Various Brixton FLAT A 12 MEDORA ROAD SW2 2LN 1 Bed Flat Assured 96.81 £ 54,040 £ 126,330 £ 185,000
MGJ012002 Various Brixton FLAT B 12 MEDORA ROAD SW2 2LN 2 Bed Flat Fair Rent 70.48 £ 39,340 £ 152,800 £ 270,000
MGJ022001 Various Brixton FLAT A 22 MEDORA ROAD SW2 2LN 1 Bed Flat Assured 80.08 £ 44,700 £ 126,330 £ 185,000
MGJ022002 Various Brixton FLAT B 22 MEDORA ROAD SW2 2LN 2 Bed Flat Fair Rent 84.03 £ 46,910 £ 158,550 £ 280,000
MGJ024001 Various Brixton FLAT A 24 MEDORA ROAD SW2 2LN 1 Bed Flat Assured 87.41 £ 48,790 £ 126,330 £ 185,000
MGJ024002 Various Brixton FLAT B 24 MEDORA ROAD SW2 2LN 2 Bed Flat Assured 85.24 £ 47,580 £ 152,800 £ 270,000
MGJ028001 Various Brixton FLAT A 28 MEDORA ROAD SW2 2LN 1 Bed Flat Assured 82.74 £ 46,190 £ 126,330 £ 185,000
MGJ028002 Various Brixton FLAT B 28 MEDORA ROAD SW2 2LN 2 Bed Flat Assured 90.06 £ 50,270 £ 152,800 £ 270,000
MGJ040001 Various Brixton FLAT A 40 MEDORA ROAD SW2 2LN 1 Bed Flat Assured 94.77 £ 52,900 £ 126,330 £ 185,000
MGJ040002 Various Brixton FLAT B 40 MEDORA ROAD SW2 2LN 2 Bed Flat Assured 98.04 £ 54,730 £ 158,550 £ 280,000
LDE127002 Various Brixton FLAT B 127 LEANDER ROAD SW2 2LP 2 Bed Flat Fair Rent 68.59 £ 38,290 £ 136,580 £ 210,000
LDE135001 Various Brixton FLAT A 135 LEANDER ROAD SW2 2LP 1 Bed Flat Assured 87.33 £ 48,750 £ 124,970 £ 180,000
LDE135002 Various Brixton FLAT B 135 LEANDER ROAD SW2 2LP 3 Bed Flat Assured 102.92 £ 57,450 £ 149,960 £ 245,000
LDE145001 Various Brixton FLAT A 145 LEANDER ROAD SW2 2LP 1 Bed Flat Assured 93.75 £ 52,330 £ 124,970 £ 180,000
LDE145002 Various Brixton FLAT B 145 LEANDER ROAD SW2 2LP 3 Bed Flat Fair Rent 84.03 £ 46,910 £ 154,410 £ 255,000
LDE153001 Various Brixton FLAT A 153 LEANDER ROAD SW2 2LP 1 Bed Flat Assured 86.34 £ 48,200 £ 124,970 £ 180,000
LDE153002 Various Brixton FLAT B 153 LEANDER ROAD SW2 2LP 2 Bed Flat Assured 114.50 £ 63,910 £ 136,580 £ 210,000
LDE161001 Various Brixton FLAT A 161 LEANDER ROAD SW2 2LP 1 Bed Flat Assured 100.00 £ 55,820 £ 124,970 £ 180,000
LDE161002 Various Brixton FLAT B 161 LEANDER ROAD SW2 2LP 2 Bed Flat Assured 109.41 £ 61,070 £ 136,580 £ 210,000
MGJ031001 Various Brixton FLAT A 31 MEDORA ROAD SW2 2LW 1 Bed Flat Assured 80.62 £ 45,000 £ 126,330 £ 185,000
MGJ031002 Various Brixton FLAT B 31 MEDORA ROAD SW2 2LW 1 Bed Flat Assured 96.81 £ 54,040 £ 126,330 £ 185,000
MGJ031003 Various Brixton FLAT C 31 MEDORA ROAD SW2 2LW 2 Bed Flat Assured 86.68 £ 48,390 £ 152,800 £ 270,000
MGJ033001 Various Brixton FLAT A 33 MEDORA ROAD SW2 2LW 3 Bed Flat Fair Rent 83.55 £ 46,640 £ 173,330 £ 325,000
MGJ033002 Various Brixton FLAT B 33 MEDORA ROAD SW2 2LW 2 Bed Flat Assured 88.33 £ 49,310 £ 158,550 £ 280,000
LDE111001 Various Brixton FLAT A 111 LEANDER ROAD SW2 2NB 1 Bed Flat Assured 97.05 £ 54,170 £ 124,970 £ 180,000
LDE111002 Various Brixton FLAT B 111 LEANDER ROAD SW2 2NB 2 Bed Flat Fair Rent 68.61 £ 38,300 £ 143,680 £ 225,000
LDE113001 Various Brixton FLAT A 113 LEANDER ROAD SW2 2NB 1 Bed Flat Assured 91.80 £ 51,240 £ 124,970 £ 180,000
LDE113002 Various Brixton FLAT B 113 LEANDER ROAD SW2 2NB 2 Bed Flat Fair Rent 83.43 £ 46,570 £ 143,680 £ 225,000
LDE115001 Various Brixton FLAT A 115 LEANDER ROAD SW2 2NB 1 Bed Flat Assured 88.76 £ 49,550 £ 124,970 £ 180,000
LDE115002 Various Brixton FLAT B 115 LEANDER ROAD SW2 2NB 2 Bed Flat Fair Rent 80.68 £ 45,040 £ 143,680 £ 225,000
LDE127001 Various Brixton FLAT A 127 LEANDER ROAD SW2 2NB 1 Bed Flat Assured 86.50 £ 48,280 £ 124,970 £ 180,000
LDE087001 Various Brixton FLAT A 87 LEANDER ROAD SW2 2NB 1 Bed Flat Assured 100.00 £ 55,820 £ 124,980 £ 180,000
LDE087002 Various Brixton FLAT B 87 LEANDER ROAD SW2 2NB 2 Bed Flat Assured 103.81 £ 57,950 £ 136,580 £ 210,000
LDE099001 Various Brixton FLAT A 99 LEANDER ROAD SW2 2NB 1 Bed Flat Assured 99.75 £ 55,680 £ 124,980 £ 180,000
LDE099002 Various Brixton FLAT B 99 LEANDER ROAD SW2 2NB 2 Bed Flat Assured 109.41 £ 61,070 £ 136,580 £ 210,000
LDE001001 Various Brixton FLAT A 1 LEANDER ROAD SW2 2ND 2 Bed Flat Fair Rent 71.49 £ 39,910 £ 136,580 £ 210,000
LDE001002 Various Brixton FLAT B 1 LEANDER ROAD SW2 2ND 2 Bed Flat Fair Rent 76.90 £ 42,930 £ 136,580 £ 210,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 54 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
LDE001003 Various Brixton FLAT C 1 LEANDER ROAD SW2 2ND 1 Bed Flat Assured 85.44 £ 47,690 £ 124,980 £ 180,000
LDE025001 Various Brixton FLAT A 25 LEANDER ROAD SW2 2ND 1 Bed Flat Fair Rent 78.52 £ 43,830 £ 124,980 £ 180,000
LDE025002 Various Brixton FLAT B 25 LEANDER ROAD SW2 2ND 2 Bed Flat Assured 110.85 £ 61,880 £ 143,680 £ 225,000
LDE003000 Various Brixton 3 LEANDER ROAD SW2 2ND 2 Bed House Assured 96.33 £ 53,770 £ 161,600 £ 280,000
LDE005001 Various Brixton FLAT A 5 LEANDER ROAD SW2 2ND 2 Bed Flat Assured 95.74 £ 53,440 £ 136,580 £ 210,000
LDE005002 Various Brixton FLAT B 5 LEANDER ROAD SW2 2ND 2 Bed Flat Assured 94.85 £ 52,950 £ 136,580 £ 210,000
LDE005003 Various Brixton FLAT C 5 LEANDER ROAD SW2 2ND 1 Bed Flat Assured 93.68 £ 52,290 £ 124,980 £ 180,000
LDE007000 Various Brixton 7 LEANDER ROAD SW2 2ND 2 Bed Maisonette Fair Rent 88.26 £ 49,270 £ 143,680 £ 225,000
TBY017001 Various CR KT SM SW TW FLAT A 17 THORNBURY ROAD SW2 4DL 2 Bed Flat Fair Rent 71.49 £ 40,090 £ 209,170 £ 300,000
TBY017002 Various CR KT SM SW TW FLAT B 17 THORNBURY ROAD SW2 4DL 1 Bed Flat Assured 84.01 £ 47,110 £ 193,490 £ 280,000
NAVA01500 Various CR KT SM SW TW 15 NAVY STREET SW4 6EY 5 Bed House Assured 146.65 £ 82,240 £ 475,570 £ 890,000
295076001A Sandmere Road FLAT A, 76 SANDMERE ROAD SW4 7QH 1 Bed Flat Assured 91.17 £ 55,030 £ 118,330 £ 180,000
295076002A Sandmere Road FLAT B, 76 SANDMERE ROAD SW4 7QH 1 Bed Flat Assured 96.04 £ 57,970 £ 118,330 £ 180,000
295076003A Sandmere Road FLAT C, 76 SANDMERE ROAD SW4 7QH 1 Bed Flat Assured 94.44 £ 57,000 £ 118,340 £ 180,000
GASC00600 Various CR KT SM SW TW 6 GASPAR MEWS SW5 0NB 1 Bed Studio Flat Fair Rent 68.44 £ 38,380 £ 179,280 £ 275,000
CROA14301 Cromwell Road Flat 1 The Basement Flat 143 Cromwell Road SW7 4DW 1 Bed Flat Starter Tenancy 100.78 £ 50,910 £ 195,920 £ 330,000
CROA14302 Cromwell Road FLAT 2 143 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 64.55 £ 32,610 £ 195,920 £ 330,000
CROA14303 Cromwell Road FLAT 3 143 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 94.93 £ 47,960 £ 183,380 £ 325,000
CROA14304 Cromwell Road FLAT 4 143 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 76.47 £ 38,630 £ 195,920 £ 330,000
CROA14305 Cromwell Road FLAT 5 143 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 87.30 £ 44,100 £ 183,380 £ 325,000
CROA14306 Cromwell Road FLAT 6 143 CROMWELL ROAD SW7 4DW 1 Bed Flat Fair Rent 53.76 £ 27,160 £ 195,920 £ 330,000
CROA14307 Cromwell Road FLAT 7 143 CROMWELL ROAD SW7 4DW 1 Bed Studio Flat Starter Tenancy 84.69 £ 42,790 £ 157,170 £ 280,000
CROA14308 Cromwell Road FLAT 8 143 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 122.31 £ 61,790 £ 195,920 £ 330,000
CROA14309 Cromwell Road FLAT 9 143 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 123.33 £ 62,310 £ 195,920 £ 330,000
CROA14310 Cromwell Road FLAT 10 143 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 120.21 £ 60,730 £ 195,920 £ 330,000
CROA14311 Cromwell Road FLAT 11 143 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 68.42 £ 34,570 £ 195,920 £ 330,000
CROA00005 Cromwell Road FLAT 5 145 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 92.26 £ 46,610 £ 183,380 £ 325,000
CROA14501 Cromwell Road FLAT 1, 145 CROMWELL ROAD SW7 4DW 1 Bed Studio Flat Fair Rent 48.29 £ 24,400 £ 157,170 £ 280,000
CROA14502 Cromwell Road Flat 2 The Side Entrance 145 Cromwell Road SW7 4DW 1 Bed Flat Assured 70.21 £ 35,470 £ 195,920 £ 330,000
CROA14503 Cromwell Road Flat 3 The Side Entrance 145 Cromwell Road SW7 4DW 1 Bed Flat Assured 65.55 £ 33,120 £ 195,920 £ 330,000
CROA14504 Cromwell Road Flat 4 The Side Entrance 145 Cromwell Road SW7 4DW 1 Bed Flat Assured 88.78 £ 44,850 £ 195,920 £ 330,000
CROA14506 Cromwell Road Flat 6 The Side Entrance 145 Cromwell Road SW7 4DW 1 Bed Flat Assured 61.67 £ 31,160 £ 183,380 £ 325,000
CROA14507 Cromwell Road FLAT 7 145 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 68.63 £ 34,670 £ 183,380 £ 325,000
CROA14508 Cromwell Road FLAT 8 145 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 68.65 £ 34,680 £ 183,380 £ 325,000
CROA14509 Cromwell Road FLAT 9 145 CROMWELL ROAD SW7 4DW 1 Bed Studio Flat Fair Rent 47.82 £ 24,160 £ 157,170 £ 280,000
CROA14510 Cromwell Road FLAT 10 145 CROMWELL ROAD SW7 4DW 1 Bed Flat Fair Rent 57.27 £ 28,930 £ 195,920 £ 330,000
CROA14511 Cromwell Road FLAT 11 145 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 83.31 £ 42,090 £ 183,380 £ 325,000
CROA14512 Cromwell Road FLAT 12 145 CROMWELL ROAD SW7 4DW 1 Bed Studio Flat Fair Rent 47.82 £ 24,160 £ 157,170 £ 280,000
CROA14513 Cromwell Road FLAT 13 145 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 76.28 £ 38,540 £ 195,920 £ 330,000
CROA14514 Cromwell Road FLAT 14 145 CROMWELL ROAD SW7 4DW 1 Bed Flat Fair Rent 55.22 £ 27,900 £ 183,380 £ 325,000
CROA14515 Cromwell Road FLAT 15 145 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured Short Term 90.86 £ 45,900 £ 183,380 £ 325,000
CROA14516 Cromwell Road FLAT 16 145 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 55.15 £ 27,860 £ 195,920 £ 330,000
CROA14517 Cromwell Road FLAT 17 145 CROMWELL ROAD SW7 4DW 1 Bed Flat Starter Tenancy 122.31 £ 61,790 £ 195,920 £ 330,000
CROA14518 Cromwell Road FLAT 18 145 CROMWELL ROAD SW7 4DW 1 Bed Flat Fair Rent 55.26 £ 27,920 £ 195,920 £ 330,000
CROA14519 Cromwell Road FLAT 19 145 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 84.24 £ 42,560 £ 195,920 £ 330,000
CROA14520 Cromwell Road FLAT 20 145 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 120.59 £ 60,920 £ 195,920 £ 330,000
CROA14521 Cromwell Road FLAT 21 145 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 87.30 £ 44,100 £ 183,380 £ 325,000
CROA14522 Cromwell Road FLAT 22 145 CROMWELL ROAD SW7 4DW 1 Bed Flat Fair Rent 47.15 £ 23,820 £ 195,920 £ 330,000
CROA14523 Cromwell Road FLAT 23 145 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 68.48 £ 34,600 £ 183,380 £ 325,000
CROA14524 Cromwell Road FLAT 24 145 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 122.31 £ 61,790 £ 195,920 £ 330,000
CROA14525 Cromwell Road FLAT 25 145 CROMWELL ROAD SW7 4DW 1 Bed Flat Fair Rent 55.57 £ 28,070 £ 195,920 £ 330,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 55 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
CROA14701 Cromwell Road FLAT 1, 147 CROMWELL ROAD SW7 4DW 1 Bed Studio Flat Fair Rent 49.70 £ 25,110 £ 157,170 £ 280,000
CROA14702 Cromwell Road FLAT 2, 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Fair Rent 58.18 £ 29,390 £ 195,920 £ 330,000
CROA14703 Cromwell Road FLAT 3 147 CROMWELL ROAD SW7 4DW 1 Bed Studio Flat Fair Rent 50.71 £ 25,620 £ 157,170 £ 280,000
CROA14704 Cromwell Road Flat 4 147 Cromwell Road SW7 4DW 1 Bed Flat Assured 87.45 £ 44,180 £ 183,380 £ 325,000
CROA14705 Cromwell Road Flat 5 147 Cromwell Road SW7 4DW 1 Bed Flat Assured 69.30 £ 35,010 £ 183,380 £ 325,000
CROA14706 Cromwell Road FLAT 6 147 CROMWELL ROAD SW7 4DW 1 Bed Studio Flat Fair Rent 43.80 £ 22,150 £ 157,170 £ 280,000
CROA14707 Cromwell Road FLAT 7 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 58.61 £ 29,610 £ 183,390 £ 325,000
CROA14708 Cromwell Road FLAT 8 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 73.68 £ 37,220 £ 195,920 £ 330,000
CROA14709 Cromwell Road FLAT 9 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Starter Tenancy 119.24 £ 60,240 £ 195,920 £ 330,000
CROA14710 Cromwell Road FLAT 10 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 123.33 £ 62,310 £ 195,920 £ 330,000
CROA14711 Cromwell Road FLAT 11 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 96.08 £ 48,540 £ 195,920 £ 330,000
CROA14712 Cromwell Road FLAT 12 147 CROMWELL ROAD SW7 4DW 1 Bed Studio Flat Fair Rent 51.76 £ 26,150 £ 157,170 £ 280,000
CROA14713 Cromwell Road FLAT 13 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 122.31 £ 61,790 £ 195,920 £ 330,000
CROA14714 Cromwell Road FLAT 14 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 71.46 £ 36,100 £ 195,920 £ 330,000
CROA14715 Cromwell Road FLAT 15 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Fair Rent 58.18 £ 29,390 £ 195,920 £ 330,000
CROA14716 Cromwell Road FLAT 16 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Fair Rent 52.86 £ 26,700 £ 183,390 £ 325,000
CROA14717 Cromwell Road FLAT 17 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 119.24 £ 60,240 £ 195,920 £ 330,000
CROA14718 Cromwell Road FLAT 18 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Fair Rent 60.35 £ 30,490 £ 195,920 £ 330,000
CROA14719 Cromwell Road FLAT 19 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Fair Rent 58.18 £ 29,390 £ 195,920 £ 330,000
CROA14720 Cromwell Road FLAT 20 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Fair Rent 63.02 £ 31,840 £ 195,920 £ 330,000
CROA14721 Cromwell Road FLAT 21 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 71.79 £ 36,270 £ 195,920 £ 330,000
CROA14722 Cromwell Road FLAT 22 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 74.01 £ 37,390 £ 195,920 £ 330,000
CROA14723 Cromwell Road FLAT 23 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Fair Rent 58.18 £ 29,390 £ 195,920 £ 330,000
CROA14724 Cromwell Road FLAT 24 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 78.90 £ 39,860 £ 195,920 £ 330,000
CROA14725 Cromwell Road FLAT 25 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 73.88 £ 37,320 £ 195,920 £ 330,000
CROA14726 Cromwell Road FLAT 26 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Fair Rent 56.02 £ 28,300 £ 195,920 £ 330,000
CROA14727 Cromwell Road FLAT 27 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 117.46 £ 59,340 £ 195,920 £ 330,000
CROA14728 Cromwell Road FLAT 28 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Fair Rent 56.02 £ 28,300 £ 195,920 £ 330,000
CROA14729 Cromwell Road FLAT 29 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Fair Rent 56.02 £ 28,300 £ 195,920 £ 330,000
CROA14730 Cromwell Road FLAT 30 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 82.94 £ 41,900 £ 195,920 £ 330,000
CROA14731 Cromwell Road FLAT 31 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Fair Rent 56.02 £ 28,300 £ 195,920 £ 330,000
CROA14732 Cromwell Road FLAT 32 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 122.31 £ 61,790 £ 195,920 £ 330,000
CROA14733 Cromwell Road FLAT 33 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 71.93 £ 36,340 £ 195,920 £ 330,000
CROA14734 Cromwell Road FLAT 34 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Starter Tenancy 119.24 £ 60,240 £ 195,920 £ 330,000
CROA14735 Cromwell Road FLAT 35 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Fair Rent 56.02 £ 28,300 £ 195,920 £ 330,000
CROA14736 Cromwell Road FLAT 36 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 120.59 £ 60,920 £ 195,920 £ 330,000
CROA14737 Cromwell Road FLAT 37 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Assured 117.46 £ 59,340 £ 195,920 £ 330,000
CROA14738 Cromwell Road FLAT 38 147 CROMWELL ROAD SW7 4DW 1 Bed Flat Fair Rent 56.02 £ 28,300 £ 195,920 £ 330,000
STY160000 Stockwell Park Road 160 STOCKWELL PARK ROAD SW9 0TN 3 Bed Maisonette Assured 128.91 £ 75,070 £ 154,320 £ 235,000
STY162001 Stockwell Park Road 162 STOCKWELL PARK ROAD SW9 0TN 1 Bed Flat Assured 100.44 £ 58,490 £ 118,580 £ 175,000
STY164001 Stockwell Park Road 164 STOCKWELL PARK ROAD SW9 0TN 1 Bed Flat Assured 100.51 £ 58,530 £ 118,580 £ 175,000
STY166000 Stockwell Park Road 166 STOCKWELL PARK ROAD SW9 0TN 3 Bed Maisonette Assured 128.91 £ 75,070 £ 154,320 £ 235,000
STY168000 Stockwell Park Road 168 STOCKWELL PARK ROAD SW9 0TN 2 Bed House Assured 109.32 £ 63,660 £ 183,140 £ 300,000
STY170000 Stockwell Park Road 170 STOCKWELL PARK ROAD SW9 0TN 2 Bed House Assured 109.35 £ 63,680 £ 183,140 £ 300,000
STY172000 Stockwell Park Road 172 STOCKWELL PARK ROAD SW9 0TN 3 Bed House Assured 129.80 £ 75,590 £ 215,280 £ 360,000
STY174000 Stockwell Park Road 174 STOCKWELL PARK ROAD SW9 0TN 3 Bed House Assured 129.62 £ 75,490 £ 215,280 £ 360,000
STY176000 Stockwell Park Road 176 STOCKWELL PARK ROAD SW9 0TN 2 Bed House Assured 109.35 £ 63,680 £ 183,140 £ 300,000
STY178000 Stockwell Park Road 178 STOCKWELL PARK ROAD SW9 0TN 3 Bed House Assured 129.80 £ 75,590 £ 215,280 £ 360,000
STY180000 Stockwell Park Road 180 STOCKWELL PARK ROAD SW9 0TN 2 Bed House Fair Rent 84.99 £ 49,510 £ 183,140 £ 300,000
STY182000 Stockwell Park Road 182 STOCKWELL PARK ROAD SW9 0TN 3 Bed Maisonette Assured 128.91 £ 75,070 £ 154,320 £ 235,000
STY184001 Stockwell Park Road 184 STOCKWELL PARK ROAD SW9 0TN 1 Bed Flat Assured 105.38 £ 61,370 £ 118,580 £ 175,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 56 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
STY186001 Stockwell Park Road 186 STOCKWELL PARK ROAD SW9 0TN 1 Bed Flat Assured 101.53 £ 59,130 £ 118,580 £ 175,000
STY188000 Stockwell Park Road 188 STOCKWELL PARK ROAD SW9 0TN 3 Bed Maisonette Assured 128.91 £ 75,070 £ 154,320 £ 235,000
1000290011 Lothian Road FLAT A, 29 LOTHIAN ROAD SW9 6UB 1 Bed Flat Assured 98.87 £ 57,160 £ 102,910 £ 155,000
1000290021 Lothian Road FLAT B, 29 LOTHIAN ROAD SW9 6UB 1 Bed Flat Assured Short Term 96.04 £ 55,530 £ 102,910 £ 155,000
1000290031 Lothian Road FLAT C, 29 LOTHIAN ROAD SW9 6UB 1 Bed Flat Assured 98.87 £ 57,160 £ 102,910 £ 155,000
1000290041 Lothian Road FLAT D, 29 LOTHIAN ROAD SW9 6UB 1 Bed Flat Starter Tenancy 100.19 £ 57,920 £ 102,910 £ 155,000
1000330014 Lothian Road FLAT A, 33 LOTHIAN ROAD SW9 6UB 1 Bed Flat Assured 96.88 £ 56,010 £ 102,920 £ 155,000
1000330024 Lothian Road FLAT B, 33 LOTHIAN ROAD SW9 6UB 1 Bed Flat Assured 100.00 £ 57,820 £ 102,920 £ 155,000
1000330034 Lothian Road FLAT C, 33 LOTHIAN ROAD SW9 6UB 1 Bed Flat Assured 100.00 £ 57,820 £ 102,920 £ 155,000
1000330044 Lothian Road FLAT D, 33 LOTHIAN ROAD SW9 6UB 1 Bed Flat Assured 98.87 £ 57,160 £ 102,920 £ 155,000
1000350019 Lothian Road FLAT A, 35 LOTHIAN ROAD SW9 6UB 1 Bed Flat Assured 93.21 £ 53,890 £ 102,920 £ 155,000
1000350029 Lothian Road FLAT B, 35 LOTHIAN ROAD SW9 6UB 1 Bed Flat Assured 100.00 £ 57,820 £ 102,920 £ 155,000
1000350039 Lothian Road FLAT C, 35 LOTHIAN ROAD SW9 6UB 1 Bed Flat Assured 100.00 £ 57,820 £ 102,920 £ 155,000
1000350049 Lothian Road FLAT D, 35 LOTHIAN ROAD SW9 6UB 1 Bed Flat Assured 93.21 £ 53,890 £ 102,920 £ 155,000
1227000019 Dora Way 19 DORA WAY SW9 7EN 3 Bed House Assured 132.55 £ 78,450 £ 194,760 £ 315,000
1227003000 Dora Way 3 DORA WAY SW9 7EN 2 Bed Bungalow Assured 116.25 £ 68,800 £ 169,090 £ 265,000
1227005000 Dora Way 5 DORA WAY SW9 7EN 3 Bed House Assured 132.55 £ 78,450 £ 194,760 £ 315,000
1227007000 Dora Way 7 DORA WAY SW9 7EN 3 Bed House Assured 132.55 £ 78,450 £ 194,760 £ 315,000
1227009000 Dora Way 9 DORA WAY SW9 7EN 4 Bed House Assured 143.52 £ 84,940 £ 211,100 £ 345,000
1227011000 Dora Way 11 DORA WAY SW9 7EN 4 Bed House Assured 143.52 £ 84,940 £ 211,100 £ 345,000
1227013000 Dora Way 13 DORA WAY SW9 7EN 4 Bed House Assured 143.52 £ 84,940 £ 211,100 £ 345,000
1227015000 Dora Way 15 DORA WAY SW9 7EN 4 Bed House Assured 143.52 £ 84,940 £ 211,090 £ 345,000
1227019000 Dora Way 17 DORA WAY SW9 7EN 3 Bed House Assured 132.55 £ 78,450 £ 194,760 £ 315,000
1227001002 Dora Way Flat 2 1 Dora Way SW9 7EY 2 Bed Flat Assured 113.70 £ 67,300 £ 142,250 £ 210,000
1227001001 Dora Way FLAT 1, 1 DORA WAY SW9 7EY 1 Bed Flat Assured 88.92 £ 52,630 £ 122,660 £ 180,000
1227001003 Dora Way FLAT 3, 1 DORA WAY SW9 7EY 1 Bed Flat Fair Rent 91.79 £ 54,330 £ 122,660 £ 180,000
1227001004 Dora Way FLAT 4, 1 DORA WAY SW9 7EY 2 Bed Flat Assured 111.05 £ 65,730 £ 142,250 £ 210,000
1227001005 Dora Way FLAT 5, 1 DORA WAY SW9 7EY 1 Bed Flat Assured 88.92 £ 52,650 £ 122,660 £ 180,000
1293031000 Various CR KT SM SW TW 31 CROWHURST CLOSE SW9 7JX 5 Bed House Assured 142.42 £ 79,860 £ 464,470 £ 880,000
1293032000 Various CR KT SM SW TW 32 CROWHURST CLOSE SW9 7JX 5 Bed House Assured 149.03 £ 83,530 £ 464,470 £ 880,000
1293030000 Various CR KT SM SW TW FLAT 30 CROWHURST CLOSE SW9 7JX 1 Bed House Assured 94.11 £ 52,770 £ 193,490 £ 280,000
1294002000 Fiveways Road Flat 1 2 Fiveways Road SW9 7LY 1 Bed Flat Assured 89.36 £ 53,430 £ 118,480 £ 180,000
1294002002 Fiveways Road Flat 2 2 Fiveways Road SW9 7LY 2 Bed Flat Starter Tenancy 119.40 £ 71,400 £ 137,360 £ 210,000
1294002003 Fiveways Road FLAT 3 2 FIVEWAYS ROAD SW9 7LY 1 Bed Flat Assured 89.36 £ 53,430 £ 118,480 £ 180,000
1294002004 Fiveways Road FLAT 4, 2 FIVEWAYS ROAD SW9 7LY 2 Bed Flat Assured 111.05 £ 66,400 £ 137,360 £ 210,000
1294002005 Fiveways Road FLAT 5, 2 FIVEWAYS ROAD SW9 7LY 1 Bed Flat Assured 84.17 £ 50,340 £ 108,320 £ 165,000
SOY015001 Stansfield Road FLAT A 15 STANSFIELD ROAD SW9 9RY 1 Bed Flat Assured 93.70 £ 51,380 £ 116,560 £ 180,000
SOY015002 Stansfield Road FLAT B 15 STANSFIELD ROAD SW9 9RY 3 Bed Flat Secured 79.56 £ 43,620 £ 143,440 £ 255,000
RDC448000 Various CR KT SM SW TW 448 REDFORD CLOSE TW13 4TP 3 Bed House Assured 119.67 £ 67,110 £ 178,430 £ 237,500
BFO011000 Various CR KT SM SW TW 11 BIDEFORD CLOSE TW13 5PG 3 Bed House Assured 119.67 £ 67,110 £ 175,130 £ 240,000
SFD186000 Various CR KT SM SW TW 186 SPARROW FARM DRIVE TW14 0DQ 3 Bed House Assured 131.65 £ 73,820 £ 155,890 £ 250,000
SFD188000 Various CR KT SM SW TW 188 SPARROW FARM DRIVE TW14 0DQ 3 Bed House Starter Tenancy 131.65 £ 73,820 £ 155,890 £ 250,000
SFD093000 Various CR KT SM SW TW 93 SPARROW FARM DRIVE TW14 0DW 3 Bed House Assured 131.65 £ 73,820 £ 155,890 £ 250,000
SFD017000 Various CR KT SM SW TW 17 SPARROW FARM DRIVE TW14 0EA 3 Bed House Assured 119.67 £ 67,110 £ 155,890 £ 250,000
RSB001000 Various CR KT SM SW TW 1 RUSCOMBE WAY TW14 9NY 3 Bed House Assured 131.65 £ 73,820 £ 150,350 £ 245,000
HADA00300 Various CR KT SM SW TW 3 HADRIAN CLOSE TW19 7DW 3 Bed House Assured 117.24 £ 65,740 £ 145,750 £ 235,000
BWY089000 Various CR KT SM SW TW 89 BLACKBURN WAY TW4 5AH 3 Bed House Assured 131.65 £ 73,820 £ 148,180 £ 245,000
HTL030000 Various CR KT SM SW TW 30 HEATHLANDS WAY TW4 5BU 3 Bed House Assured 119.67 £ 67,110 £ 148,180 £ 245,000
MAR048000 Various CR KT SM SW TW 48 MARSHALL CLOSE TW4 5HJ 3 Bed House Assured 129.54 £ 72,640 £ 151,120 £ 250,000
BRM001000 Various CR KT SM SW TW 1 BROMPTON CLOSE TW4 5HP 3 Bed House Assured 135.65 £ 76,070 £ 176,150 £ 280,000
BRM017000 Various CR KT SM SW TW 17 BROMPTON CLOSE TW4 5HP 3 Bed House Assured 135.65 £ 76,070 £ 176,150 £ 280,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 57 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
BTN002000 Various CR KT SM SW TW 2 BURTON GARDENS TW5 0DF 3 Bed House Assured 135.65 £ 76,070 £ 157,960 £ 267,500
HES148000 Various CR KT SM SW TW 148 HESTON ROAD TW5 0QU 3 Bed House Assured 131.65 £ 73,820 £ 162,300 £ 267,500
NOR138000 Various CR KT SM SW TW 138 NORTHFIELD ROAD TW5 9JG 3 Bed House Assured 135.65 £ 76,070 £ 165,060 £ 270,000
SCO004600 Various CR KT SM SW TW 46 SCOTT GARDENS TW5 9JX 3 Bed House Assured 131.65 £ 73,820 £ 167,230 £ 270,000
BYC003000 Various HA NW UB W WC 3 BYCROFT ROAD UB1 2XG 3 Bed House Assured 131.65 £ 73,990 £ 154,750 £ 247,500
BYC036000 Various HA NW UB W WC 36 BYCROFT ROAD UB1 2XQ 3 Bed House Assured 131.65 £ 73,990 £ 155,370 £ 250,000
MST150000 Various HA NW UB W WC 150 MIDHURST GARDENS UB10 9DP 3 Bed House Assured 131.65 £ 73,990 £ 167,630 £ 272,500
RGW113000 Various HA NW UB W WC 113 RINGWAY UB2 5ST 3 Bed House Assured 131.65 £ 73,990 £ 155,100 £ 240,000
BNA051000 Various HA NW UB W WC 51 BOURNE AVENUE UB3 1QN 3 Bed House Assured 131.65 £ 73,990 £ 151,630 £ 235,000
ETA053000 Various HA NW UB W WC 53 EAST AVENUE UB3 2HR 3 Bed House Assured 131.65 £ 73,990 £ 166,040 £ 275,000
JHL001000 Various HA NW UB W WC 1 JUDGE HEATH LANE UB3 2NY 3 Bed House Assured 119.67 £ 67,260 £ 165,760 £ 265,000
MTD113000 Various HA NW UB W WC 113 MINET DRIVE UB3 3JP 3 Bed House Assured 131.65 £ 73,990 £ 157,590 £ 250,000
CST019000 Various HA NW UB W WC 19 COTMANS CLOSE UB3 3PR 3 Bed House Assured 119.67 £ 67,260 £ 160,080 £ 260,000
WYR049000 Various HA NW UB W WC 49 WARLEY ROAD UB4 0QA 3 Bed House Assured 131.65 £ 73,990 £ 168,870 £ 277,500
PTL032000 Various HA NW UB W WC 32 PORTLAND ROAD UB4 8LG 3 Bed House Assured 119.67 £ 67,260 £ 155,370 £ 250,000
AYE017000 Various HA NW UB W WC 17 AYLES ROAD UB4 9HG 3 Bed House Assured 119.67 £ 67,260 £ 155,370 £ 250,000
HEI244000 Various HA NW UB W WC 244 THE HEIGHTS UB5 4BY 3 Bed House Assured 131.65 £ 73,990 £ 152,880 £ 240,000
ASC004000 Various HA NW UB W WC 4 ASCOT CLOSE UB5 4EH 3 Bed House Assured 132.65 £ 74,560 £ 164,510 £ 260,000
WHI705000 Various HA NW UB W WC 705 WHITTON AVENUE WEST UB5 4LE 3 Bed House Fair Rent 113.54 £ 63,820 £ 173,920 £ 280,000
BRI015000 Various HA NW UB W WC 15 BRIAR CRESCENT UB5 4NB 3 Bed House Assured 131.65 £ 73,990 £ 173,920 £ 280,000
WNG110000 Various HA NW UB W WC 110 WOOD END GARDENS UB5 4QN 3 Bed House Assured 131.65 £ 73,990 £ 164,510 £ 260,000
CRR008000 Various HA NW UB W WC 8 CARR ROAD UB5 4RA 3 Bed House Assured 131.65 £ 73,990 £ 173,650 £ 270,000
ESD043000 Various HA NW UB W WC 43 ESKDALE AVENUE UB5 5DJ 3 Bed House Assured 135.65 £ 76,240 £ 174,900 £ 275,000
SUM061000 Various HA NW UB W WC 61 SUMMITT ROAD UB5 5HL 3 Bed House Assured 131.65 £ 73,990 £ 164,510 £ 260,000
RNS024000 Various HA NW UB W WC 24 RUBENS ROAD UB5 5JH 3 Bed House Assured 119.67 £ 67,260 £ 160,080 £ 260,000
BCR005000 Various HA NW UB W WC 5 BANCROFT COURT UB5 5JS 3 Bed House Assured 131.65 £ 73,990 £ 151,910 £ 245,000
PER011000 Various HA NW UB W WC 11 PERRY GARTH UB5 5JZ 3 Bed House Starter Tenancy 117.81 £ 66,220 £ 153,420 £ 247,500
PER006000 Various HA NW UB W WC 6 PERRY GARTH UB5 5JZ 3 Bed House Assured 132.65 £ 74,560 £ 153,420 £ 247,500
PLD032000 Various HA NW UB W WC 32 PARKFIELD ROAD UB5 5NN 3 Bed House Starter Tenancy 131.65 £ 73,990 £ 154,400 £ 255,000
MLB002000 Various HA NW UB W WC 2 MULBERRY CLOSE UB5 5PP 3 Bed House Assured 132.65 £ 74,560 £ 156,800 £ 257,500
ATT011000 Various HA NW UB W WC 11 ABBOTT CLOSE UB5 5TN 3 Bed House Assured 131.65 £ 73,990 £ 170,470 £ 275,000
ETR009000 Various HA NW UB W WC 9 ELM TREE CLOSE UB5 6AP 3 Bed House Assured 131.65 £ 73,990 £ 154,820 £ 230,000
COU009000 Various HA NW UB W WC 9 COURT MEAD UB5 6DH 3 Bed House Assured 131.65 £ 73,990 £ 164,240 £ 250,000
HOM011000 Various HA NW UB W WC 11 HOME CLOSE UB5 6DL 3 Bed House Assured 132.65 £ 74,560 £ 155,370 £ 250,000
FOU007000 Various HA NW UB W WC 7 FOUNDERS CLOSE UB5 6GN 3 Bed House Assured 119.67 £ 67,260 £ 176,840 £ 265,000
RHD021000 Various HA NW UB W WC 21 RUSHDENE CLOSE UB5 6NR 3 Bed House Assured 131.65 £ 73,990 £ 156,340 £ 245,000
LON032000 Various HA NW UB W WC 32 LONGHOOK GARDENS UB5 6PE 3 Bed House Assured 132.65 £ 74,560 £ 160,080 £ 260,000
HDC014000 Various HA NW UB W WC 14 HAMMOND CLOSE UB6 0SN 4 Bed House Assured 138.67 £ 77,940 £ 182,440 £ 287,500
BAN058000 Various HA NW UB W WC 58 BANNISTER CLOSE UB6 0SP 3 Bed House Assured 135.65 £ 76,240 £ 185,290 £ 290,000
RAM004000 Various HA NW UB W WC 4 RAMSEY CLOSE UB6 0SU 4 Bed House Assured 138.68 £ 77,950 £ 173,920 £ 280,000
EMP210000 Various HA NW UB W WC 210 EMPIRE ROAD UB6 7ED 3 Bed House Assured 135.65 £ 76,240 £ 186,530 £ 295,000
LAU013000 Various HA NW UB W WC 13 LAUNCESTON GARDENS UB6 7EY 3 Bed House Assured 135.65 £ 76,240 £ 186,530 £ 295,000
BIL284000 Various HA NW UB W WC 284 BILTON ROAD UB6 7HJ 3 Bed House Assured 131.65 £ 73,990 £ 181,820 £ 285,000
OYP099000 Various HA NW UB W WC 99 OLYMPIC WAY UB6 8NJ 3 Bed House Assured 131.65 £ 73,990 £ 162,300 £ 260,000
CYN011000 Various HA NW UB W WC 11 CANTERBURY CLOSE UB6 9DQ 3 Bed House Assured 131.65 £ 73,990 £ 157,590 £ 250,000
CHS004000 Various HA NW UB W WC 4 CHESTERTON CLOSE UB6 9TE 3 Bed House Assured 131.65 £ 73,990 £ 151,910 £ 245,000
FLL079000 Various HA NW UB W WC 79 FALLING LANE UB7 8AB 3 Bed House Assured 119.67 £ 67,260 £ 176,140 £ 280,000
WRK085000 Various HA NW UB W WC 85 WARWICK ROAD UB7 9BX 3 Bed House Assured 131.65 £ 73,990 £ 167,000 £ 270,000
BCL021000 Various HA NW UB W WC 21 BELLCLOSE ROAD UB7 9DE 3 Bed House Assured 131.65 £ 73,990 £ 155,100 £ 240,000
WRA002000 Various HA NW UB W WC 2 WEST ROAD UB7 9LG 3 Bed House Assured 131.65 £ 73,990 £ 154,470 £ 237,500
2690180013 Various HA NW UB W WC FLAT 1, 18 McGREGOR ROAD KENSINGTON & CHELSEA W11 1DE 3 Bed Flat Assured 105.61 £ 59,360 £ 383,580 £ 650,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 58 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
2690180023 Various HA NW UB W WC FLAT 2, 18 McGREGOR ROAD W11 1DE 2 Bed Flat Assured 121.43 £ 68,250 £ 329,440 £ 575,000
2690180033 Various HA NW UB W WC FLAT 3, 18 McGREGOR ROAD W11 1DE 2 Bed Flat Assured 121.43 £ 68,250 £ 329,440 £ 575,000
GAYA01000 Edans Court 10 EDANS COURT W12 9BY 3 Bed House Assured 134.96 £ 84,710 £ 192,550 £ 325,000
GAYA01100 Edans Court 11 EDANS COURT W12 9BY 2 Bed House Assured 118.06 £ 74,100 £ 166,980 £ 260,000
GAYA01200 Edans Court 12 EDANS COURT W12 9BY 2 Bed House Fair Rent 97.62 £ 61,270 £ 166,980 £ 260,000
GAYA00900 Edans Court 9 EDANS COURT W12 9BY 3 Bed House Assured 134.96 £ 84,710 £ 192,550 £ 325,000
GAYA00001 Edans Court FLAT 1 EDANS COURT W12 9BY 2 Bed Flat Assured 129.57 £ 81,320 £ 140,900 £ 205,000
GAYA00002 Edans Court FLAT 2 EDANS COURT W12 9BY 2 Bed Flat Assured 129.57 £ 81,320 £ 140,900 £ 205,000
GAYA00003 Edans Court FLAT 3 EDANS COURT W12 9BY 2 Bed Flat Assured 129.57 £ 81,320 £ 140,900 £ 205,000
GAYA00006 Edans Court FLAT 6 EDANS COURT W12 9BY 1 Bed Flat Assured Short Term 111.84 £ 70,200 £ 123,040 £ 172,500
GAYA00007 Edans Court FLAT 7 EDANS COURT W12 9BY 0 Bed Flat Assured Short Term 112.28 £ 70,470 £ 110,620 £ 160,000
GAYA00013 Edans Court FLAT 13 EDANS COURT W12 9BY 2 Bed Flat Assured 124.28 £ 78,000 £ 151,440 £ 225,000
GAYA00014 Edans Court FLAT 14 EDANS COURT W12 9BY 2 Bed Flat Assured 112.80 £ 70,800 £ 151,440 £ 225,000
GAYA00015 Edans Court FLAT 15 EDANS COURT W12 9BY 2 Bed Flat Assured 108.24 £ 67,940 £ 151,440 £ 225,000
GAYA00016 Edans Court FLAT 16 EDANS COURT W12 9BY 2 Bed Flat Assured 108.24 £ 67,940 £ 151,440 £ 225,000
GAYA01A04 Edans Court FLAT 4 EDANS COURT W12 9BY 1 Bed Flat Assured Short Term 119.77 £ 75,170 £ 130,390 £ 185,000
GAYA01A05 Edans Court FLAT 5 EDANS COURT W12 9BY 1 Bed Flat Assured 95.74 £ 60,100 £ 130,390 £ 185,000
GAYA01A08 Edans Court FLAT 8 EDANS COURT W12 9BY 1 Bed Flat Assured 96.60 £ 60,630 £ 123,040 £ 172,500
2710500018 Various HA NW UB W WC FLAT A, 50 ST ELMO ROAD W12 9DX 3 Bed Flat Assured 136.55 £ 76,750 £ 228,210 £ 320,000
2710500028 Various HA NW UB W WC FLAT B, 50 ST ELMO ROAD W12 9DX 2 Bed Flat Assured 86.93 £ 48,860 £ 212,150 £ 300,000
4030160015 Various HA NW UB W WC FLAT A, 16 LEYSFIELD RD W12 9JF 2 Bed Flat Assured 129.57 £ 72,830 £ 217,830 £ 305,000
4030160025 Various HA NW UB W WC FLAT B, 16 LEYSFIELD RD W12 9JF 2 Bed Flat Assured 129.57 £ 72,830 £ 212,150 £ 300,000
4030160035 Various HA NW UB W WC FLAT C, 16 LEYSFIELD RD W12 9JF 1 Bed Flat Assured 114.98 £ 64,620 £ 195,810 £ 270,000
7080010003 Elgin Avenue 1 ELGIN AVE W12 9NW 2 Bed Flat Assured 100.82 £ 60,740 £ 160,690 £ 235,000
7080030008 Elgin Avenue 3 ELGIN AVE W12 9NW 2 Bed Flat Assured 100.82 £ 60,740 £ 160,690 £ 235,000
7080050002 Elgin Avenue 5 ELGIN AVE W12 9NW 2 Bed Flat Assured 100.82 £ 60,740 £ 160,690 £ 235,000
7080070007 Elgin Avenue 7 ELGIN AVE W12 9NW 2 Bed Flat Assured 100.82 £ 60,740 £ 160,690 £ 235,000
7080090001 Elgin Avenue 9 ELGIN AVE W12 9NW 1 Bed Flat Assured 88.01 £ 53,020 £ 124,810 £ 185,000
708011000A Elgin Avenue 11 ELGIN AVE W12 9NW 1 Bed Flat Assured 88.01 £ 53,020 £ 124,810 £ 185,000
7080130004 Elgin Avenue 13 ELGIN AVE W12 9NW 3 Bed House Assured 91.58 £ 55,180 £ 204,760 £ 345,000
7080150009 Elgin Avenue 15 ELGIN AVE W12 9NW 3 Bed House Assured 136.55 £ 82,270 £ 204,760 £ 345,000
7080170003 Elgin Avenue 17 ELGIN AVE W12 9NW 3 Bed House Assured 136.55 £ 82,270 £ 204,760 £ 345,000
7080190008 Elgin Avenue 19 ELGIN AVE W12 9NW 3 Bed House Assured 136.55 £ 82,270 £ 204,760 £ 345,000
7080210006 Elgin Avenue 21 ELGIN AVE W12 9NW 2 Bed House Assured 119.87 £ 72,220 £ 183,020 £ 300,000
7080230000 Elgin Avenue 23 ELGIN AVE W12 9NW 2 Bed House Assured 119.87 £ 72,220 £ 183,020 £ 300,000
7080250005 Elgin Avenue 25 ELGIN AVE W12 9NW 2 Bed House Assured 119.87 £ 72,220 £ 183,020 £ 300,000
7080400001 Elgin Avenue 40 ELGIN AVE W12 9NW 3 Bed House Assured 136.55 £ 82,270 £ 204,760 £ 345,000
7080420006 Elgin Avenue 42 ELGIN AVE W12 9NW 3 Bed House Assured 132.91 £ 80,080 £ 204,760 £ 345,000
NETA0190A Various HA NW UB W WC FLAT A 19 NETHERWOOD ROAD W14 0BL 1 Bed Flat Assured 89.67 £ 50,400 £ 175,040 £ 240,000
NETA0190B Various HA NW UB W WC FLAT B 19 NETHERWOOD ROAD W14 0BL 1 Bed Flat Assured 102.49 £ 57,600 £ 175,040 £ 240,000
NETA0190C Various HA NW UB W WC FLAT C 19 NETHERWOOD ROAD W14 0BL 1 Bed Flat Fair Rent 61.73 £ 34,700 £ 175,040 £ 240,000
NETA0190D Various HA NW UB W WC FLAT D 19 NETHERWOOD ROAD W14 0BL 1 Bed Flat Assured 106.49 £ 59,850 £ 175,040 £ 240,000
BLYA184A00 Various HA NW UB W WC FLAT 1 184 BLYTHE ROAD W14 0HD 1 Bed Flat Assured 99.42 £ 55,880 £ 169,980 £ 237,500
BLYA18402 Various HA NW UB W WC FLAT 2 184 BLYTHE ROAD W14 0HD 1 Bed Flat Fair Rent 61.73 £ 34,700 £ 175,040 £ 240,000
BLYA18403 Various HA NW UB W WC FLAT 3 184 BLYTHE ROAD W14 0HD 1 Bed Flat Assured 96.29 £ 54,120 £ 175,040 £ 240,000
BLYA18404 Various HA NW UB W WC FLAT 4 184 BLYTHE ROAD W14 0HD 1 Bed Flat Fair Rent 55.13 £ 31,010 £ 175,040 £ 240,000
WELB03901 Various HA NW UB W WC FLAT 1 39 WELTJE ROAD W6 9LS 1 Bed Flat Starter Tenancy 109.77 £ 61,700 £ 175,040 £ 240,000
WELB03902 Various HA NW UB W WC FLAT 2 39 WELTJE ROAD W6 9LS 2 Bed Flat Assured 127.21 £ 71,500 £ 212,150 £ 300,000
201039003 Various HA NW UB W WC FLAT 3 39 WELTJE ROAD W6 9LS 1 Bed Flat Assured 114.48 £ 64,340 £ 175,040 £ 240,000
600740016 Various HA NW UB W WC FLAT A, 74 KINGS CROSS ROAD WC1X 9QG 1 Bed Flat Assured 98.69 £ 55,470 £ 211,340 £ 350,000
600740026 Various HA NW UB W WC FLAT B, 74 KINGS CROSS ROAD WC1X 9QG 1 Bed Flat Assured 97.80 £ 54,970 £ 211,350 £ 350,000
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 59 02/04/2012
Unit Ref Scheme Name Address Postcode Unit Type Tenancy Type Net RentExisting Use Value -
Social HousingMarket Value - Subject
to TenanciesMarket Value Vacant
Possession
London & Quadrant Housing Trust
Bond Issue - Summary of Individual Property Values
as at 3rd April 2012
600740036 Various HA NW UB W WC FLAT C, 74 KINGS CROSS ROAD WC1X 9QG 1 Bed Flat Assured 98.12 £ 55,150 £ 211,350 £ 350,000
710690014 Various HA NW UB W WC 69 GREAT PERCY STREET WC1X 9QX 4 Bed House Assured 143.52 £ 80,670 £ 388,850 £ 600,000
1000720010 Sparrow Walk 1 SPARROW WALK WD25 0RB 1 Bed House Assured 91.91 £ 48,750 £ 92,500 £ 140,000
1000720020 Sparrow Walk 2 SPARROW WALK WD25 0RB 1 Bed House Assured 91.91 £ 48,750 £ 92,500 £ 140,000
1000720030 Sparrow Walk 3 SPARROW WALK WD25 0RB 1 Bed House Assured 91.91 £ 48,750 £ 92,500 £ 140,000
1000720040 Sparrow Walk 4 SPARROW WALK WD25 0RB 1 Bed House Assured 91.91 £ 48,750 £ 92,500 £ 140,000
£ 162,110,000 £ 383,115,000 £ 612,590,500
These valuations should be read only in conjunction with the valuation assumptions, terms and conditions and the respective discounted cash flow valuations and report sections.
Valuation Summary with Individual Values - as at 3rd April 2012 - FINAL second revision (2).xls 60 02/04/2012
192
UNITED KINGDOM TAXATION
The following applies only to persons who are the beneficial owners of Bonds and is a summary of the Issuer's understanding of current law and practice in the United Kingdom relating to certain aspects of United Kingdom taxation. Some aspects do not apply to certain classes of person (such as dealers and persons connected with the Issuer) to whom special rules may apply. The United Kingdom tax treatment of prospective Bondholders depends on their individual circumstances and may be subject to change at any time in the future, possibly with retrospective effect. Prospective Bondholders may be subject to tax in a jurisdiction other than the United Kingdom.
This is not intended to constitute a complete analysis of all tax consequences relating to the ownership of the Bonds. Prospective Bondholders should seek their own professional advice concerning the tax consequences of their particular situations.
A. Interest on the Bonds
1. Payment of interest on the Bonds
Payments of interest by the Issuer on the Bonds may be made without deduction of or withholding on account of United Kingdom income tax provided that the Bonds continue to be listed on a "recognised stock exchange" within the meaning of section 1005 of the Income Tax Act 2007 (the Act). The London Stock Exchange is a recognised stock exchange for these purposes. Securities will be treated as listed on the London Stock Exchange if they are included in the Official List (within the meaning of and in accordance with the provisions of Part 6 of the Financial Services and Markets Act 2000) and admitted to trading on the London Stock Exchange. Provided, therefore, that the Bonds remain so listed, interest on the Bonds will be payable without withholding or deduction on account of United Kingdom tax.
Interest on the Bonds may also be paid without withholding or deduction on account of United Kingdom tax where interest on the Bonds is paid by a company and, at the time the payment is made, the company which makes the payment reasonably believes (and any person by or through whom interest on the Bonds is paid reasonably believes) that the beneficial owner is within the charge to United Kingdom corporation tax as regards the payment of interest, provided that HM Revenue & Customs has not given a direction (in circumstances where it has reasonable grounds to believe that it is likely that the above exemption is not available in respect of such payment of interest at the time the payment is made) that the interest should be paid under deduction of tax.
Interest on the Bonds may also be paid without withholding or deduction on account of United Kingdom tax where interest on the Bonds is paid by a registered industrial and provident society (such as the Issuer) to a Bondholder whose usual place of abode is in the United Kingdom. Bondholders may wish to note that if the Issuer makes interest payments to a Bondholder without withholding or deduction on account of United Kingdom tax on the grounds that such Bondholder's usual place of abode is in the United Kingdom, the Issuer is required to provide certain information, including the Bondholder's name and place of residence, to HM Revenue & Customs.
In other cases, an amount must generally be withheld from payments of interest on the Bonds on account of United Kingdom income tax at the basic rate (currently 20 per cent.). However, where an applicable double tax treaty provides for a lower rate of withholding tax (or for no tax to be withheld) in relation to a Bondholder, HM Revenue & Customs can issue a notice to the Issuer to pay interest to the Bondholder without deduction of tax (or for interest to be paid with tax deducted at the rate provided for in the relevant double tax treaty).
Bondholders may wish to note that, in certain circumstances, HM Revenue & Customs has power to obtain information (including the name and address of the beneficial owner of the interest) from any
193
person in the United Kingdom who either pays or credits interest to or receives interest for the benefit of a Bondholder. Information so obtained may, in certain circumstances, be exchanged by HM Revenue & Customs with the tax authorities of the jurisdiction in which the Bondholder is resident for tax purposes.
2. EU Savings Directive
Under EC Council Directive 2003/48/EC (the Directive) on the taxation of savings income, Member States are required to provide to the tax authorities of another Member State details of payments of interest (or similar income) paid by a person within its jurisdiction to an individual resident in that other Member State or to certain limited types of entities established in that other Member State. However, for a transitional period, Luxembourg and Austria are instead required (unless during that period they elect otherwise) to operate a withholding system in relation to such payments (the ending of such transitional period being dependent upon the conclusion of certain other agreements relating to information exchange with certain other countries). A number of non-EU countries and territories including Switzerland have adopted similar measures (a withholding system in the case of Switzerland).
If a payment were to be made or collected through a Member State which has opted for a withholding system and an amount of, or in respect of, tax were to be withheld from that payment, neither the Issuer nor any paying agent nor any other person would be obliged to pay additional amounts to the holder of the Bonds or to otherwise compensate the holder of the Bonds for the reduction in the amounts that they will receive as a result of the imposition of such withholding tax.
The European Commission has proposed certain amendments to the Directive, which may, if implemented, amend or broaden the scope of the requirements described above.
3. Further United Kingdom Income Tax Issues
Interest on the Bonds constitutes United Kingdom source income for tax purposes and, as such, may be subject to income tax by direct assessment even where paid without withholding.
However, interest with a United Kingdom source received without deduction or withholding on account of United Kingdom tax will not be chargeable to United Kingdom tax in the hands of a Bondholder (other than certain trustees) who is not resident for tax purposes in the United Kingdom unless that Bondholder carries on a trade, profession or vocation in the United Kingdom through a United Kingdom branch or agency in connection with which the interest is received or to which the Bonds are attributable (and where that Bondholder is a company, unless that Bondholder carries on a trade in the United Kingdom through a permanent establishment in connection with which the interest is received or to which the Bonds are attributable). There are exemptions for interest received by certain categories of agent (such as some brokers and investment managers). The provisions of an applicable double taxation treaty may also be relevant for such Bondholders.
B. United Kingdom Corporation Tax Payers
4. In general, Bondholders which are within the charge to United Kingdom corporation tax will be charged to tax as income on all returns, profits or gains on, and fluctuations in value of, the Bonds (whether attributable to currency fluctuations or otherwise) broadly in accordance with their statutory accounting treatment.
194
C. Other United Kingdom Tax Payers
5. Taxation of Chargeable Gains
The Bonds will constitute "qualifying corporate bonds" within the meaning of section 117 of the Taxation of Chargeable Gains Act 1992. Accordingly, a disposal by a Bondholder of a Bond will not give rise to a chargeable gain or an allowable loss for the purposes of the UK taxation of chargeable gains.
6. Accrued Income Scheme
On a disposal of Bonds by a Bondholder, any interest which has accrued since the last interest payment date may be chargeable to tax as income under the rules of the accrued income scheme as set out in Part 12 of the Act, if that Bondholder is resident or ordinarily resident in the United Kingdom or carries on a trade in the United Kingdom through a branch or agency to which the Bonds are attributable.
D. Stamp Duty and Stamp Duty Reserve Tax (SDRT)
7. No United Kingdom stamp duty or SDRT is payable on the issue of the Bonds or on a transfer by delivery of the Bonds.
195
SUBSCRIPTION AND SALE
The Joint Bookrunners have, pursuant to a Subscription Agreement (the Subscription Agreement) dated 3rd April, 2012, jointly and severally agreed with the Issuer to subscribe or procure subscribers for the Bonds at the issue price of 99.047 per cent. of the principal amount of the Bonds, less a combined management and underwriting commission. The Issuer will also reimburse the Joint Bookrunners in respect of certain of their expenses, and has agreed to indemnify the Joint Bookrunners against certain liabilities, incurred in connection with the issue of the Bonds. The Subscription Agreement may be terminated in certain circumstances prior to payment to the Issuer.
United States
The Bonds have not been and will not be registered under the Securities Act and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the Securities Act.
The Bonds are subject to U.S. tax law requirements and may not be offered, sold or delivered within the United States or its possessions or to a United States person, except in certain transactions permitted by U.S. tax regulations. Terms used in this paragraph have the meanings given to them by the U.S. Internal Revenue Code of 1986 and regulations thereunder.
Each of the Joint Bookrunners has agreed that, except as permitted by the Subscription Agreement, it will not offer, sell or deliver the Bonds (a) as part of their distribution at any time or (b) otherwise until 40 days after the later of the commencement of the offering and the Closing Date within the United States or to, or for the account or benefit of, U.S. persons.
In addition, until 40 days after the commencement of the offering, an offer or sale of Bonds within the United States by any dealer that is not participating in the offering may violate the registration requirements of the Securities Act.
Terms used above have the meanings given to them by Regulation S and the Securities Act.
United Kingdom
Each of the Joint Bookrunners has represented, warranted and agreed that:
(a) it has only communicated or caused to be communicated and will only communicate or cause to be communicated an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the FSMA) received by it in connection with the issue or sale of any Bonds in circumstances in which Section 21(1) of the FSMA does not apply to the Issuer; and
(b) it has complied and will comply with all applicable provisions of the FSMA with respect to anything done by it in relation to the Bonds in, from or otherwise involving the United Kingdom.
General
Each of the Joint Bookrunners has agreed that it will, to the best of its knowledge and belief, comply with all applicable securities laws and regulations in force in any jurisdiction in which it purchases, offers, sells or delivers Bonds or possesses or distributes this Offering Circular and will obtain any consent, approval or permission which is required by it for the purchase, offer, sale or delivery by it of Bonds under the laws and regulations in force in any jurisdiction to which it is subject or in which it makes such purchases, offers, sales or deliveries and neither the Issuer nor the Trustee shall have any responsibility therefor.
196
None of the Issuer, the Trustee and the Joint Bookrunners represents that Bonds may at any time lawfully be sold in compliance with any applicable registration or other requirements in any jurisdiction, or pursuant to any exemption available thereunder, or assumes any responsibility for facilitating such sale.
197
GENERAL INFORMATION
Authorisation
The issue of the Bonds was duly authorised by a resolution of the Executive Group of the Issuer dated 21st March, 2012 acting under delegated authority from the Board of the Issuer under terms of reference approved by the Board on 1st September, 2011.
Listing
It is expected that official listing will be granted on or about 5th April, 2012 subject only to the issue of the Temporary Global Bond. Application has been made to the UK Listing Authority for the Bonds to be admitted to the Official List and to the London Stock Exchange for the Bonds to be admitted to trading on the London Stock Exchange's regulated market.
The Issuer estimates that the total expenses related to the admission to trading will be £8,015.
Documents Available
For the period of 12 months following the date of this Offering Circular, copies of the following documents will, when published, be available for inspection from the registered office of the Issuer and from the specified office of the Paying Agents:
(a) the constitutional documents of the Issuer;
(b) the audited financial statements of the Issuer in respect of the financial years ended 31st March, 2010 and 31st March, 2011, in each case together with the audit reports prepared in connection therewith. The Issuer currently prepares audited accounts on an annual basis;
(c) the most recently published audited annual financial statements (if any) of the Issuer and the most recently published unaudited interim financial statements (if any) of the Issuer, in each case together with any audit or review reports prepared in connection therewith;
(d) the accountant's report on the Group;
(e) the Trust Deed, the Agency Agreement and the Account Agreement;
(f) the Valuation Report;
(g) a copy of this Offering Circular; and
(h) any future offering circulars, prospectuses, information memoranda and supplements to this Offering Circular and any other documents incorporated herein or therein by reference.
Clearing Systems
The Bonds have been accepted for clearance through Euroclear and Clearstream, Luxembourg. The ISIN for the Bonds is XS0769361709 and the Common Code is 076936170.
The address of Euroclear is Euroclear Bank S.A./N.V., 1 Boulevard du Roi Albert II, B-1210 Brussels and the address of Clearstream, Luxembourg is Clearstream Banking, 42 Avenue JF Kennedy, L-1855 Luxembourg.
Material and Significant Change
There has been no material adverse change in the prospects of the Issuer since 31st March, 2011.
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There has been no significant change in the financial or trading position of the Group since 31st March, 2011.
Litigation
The Issuer has not been involved in any governmental, legal or arbitration proceedings (including any such proceedings which are pending or threatened of which the Issuer is aware) in the 12 months preceding the date of this document which may have or have in such period had a significant effect on the financial position or profitability of the Issuer or the Group.
Auditors
The financial information set out in Part B of the section headed "Consolidated Financial Information on the Group" does not constitute statutory accounts within the meaning of section 39 of the Industrial and Provident Societies Act 1965.
The auditors of the Issuer are BDO LLP, Chartered Accountants Emerald House, East Street, Epsom, Surrey KT17 1HS, who have audited the Issuer's statutory accounts, without qualification, in accordance with generally accepted auditing standards in the United Kingdom for each of the two financial years ended on 31st March, 2010 and 31st March, 2011. The auditors of the Issuer have no material interest in the Issuer.
Part A of the section headed "Consolidated Financial Information on the Group" is included in this Offering Circular, in the form and context in which it is included, at the Issuer's request and with the consent of BDO LLP and BDO LLP has authorised the contents of Part A of the section headed "Consolidated Financial Information on the Group".
Certifications
The Trust Deed provides that any certificate or report of the Auditors (as defined in the Trust Deed) or any other person called for by, or provided to, the Trustee (whether or not addressed to the Trustee) in accordance with or for the purposes of the Trust Deed may be relied upon by the Trustee as sufficient evidence of the facts stated therein notwithstanding that such certificate or report and/or any engagement letter or other document entered into by the Trustee in connection therewith contains a monetary or other limit on the liability of the Auditors or such other person in respect thereof and notwithstanding that the scope and/or basis of such certificate or report may be limited by any engagement or similar letter or by the terms of the certificate or report itself.
Post-issuance information
The Issuer does not intend to provide any post-issuance information in relation to this issue of the Bonds, other than as required pursuant to Condition 5.5 (Information Covenant).
Joint Bookrunners transacting with the Issuer
The Joint Bookrunners and their affiliates have engaged, and may in the future engage, in investment banking and/or commercial banking transactions with, and may perform services to the Issuer and its affiliates in the ordinary course of business.
Yield
Indication of the yield on the Bonds: 4.696 per cent. The yield is calculated at the Closing Date on the basis of the Issue Price. It is not an indication of future yield.
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THE ISSUER
London & Quadrant Housing Trust Osborn House Osborn Terrace
London SE3 9DR
TRUSTEE
Prudential Trustee Company Limited Laurence Pountney Hill
London EC4R 0HH
PRINCIPAL PAYING AGENT PAYING AGENT
BNP Paribas Securities Services, Luxembourg Branch33, rue de Gasperich
Howald – Hesperange L – 2085 Luxembourg
BNP Paribas Securities Services, London Branch 55 Moorgate
London EC2R 6PA
ACCOUNT BANK
Barclays Bank PLC 5 The North Colonnade
Canary Wharf London E14 4BB
JOINT LEAD ARRANGERS AND JOINT BOOKRUNNERS
Barclays Bank PLC 5 The North Colonnade
Canary Wharf London E14 4BB
Lloyds TSB Bank plc 10 Gresham Street
London EC2V 7AE
The Royal Bank of Scotland plc 135 Bishopsgate
London EC2M 3UR
LEGAL ADVISERS
To the Issuer as to English law Devonshires Solicitors
30 Finsbury Circus London
EC2M 7DT
Eversheds 1 Wood Street
London EC2V 7WS
To the Joint Bookrunners and the Trustee as to English law Allen & Overy LLP One Bishops Square
London E1 6AD
AUDITORS AND REPORTING ACCOUNTANT
BDO LLP Emerald House
East Street Epsom
Surrey KT17 1HS