Completion success for Telford Homes

Completions for the first half of the new homes at Telford Homes’ landmark development Queen Mary’s Gate in South Woodford, London E18 are progressing well, showing there is still calm and confidence in the market in this desirable area, despite the effects of the credit crunch on mortgages.

Over 120 apartments have completed so far out of almost 180 sold in the first phase and they have been almost problem free, with valuations being processed steadily to facilitate a the completion process. Buyers have been from a broad mixture of backgrounds, mainly owner-occupiers with some investors – Queen Mary’s Gate is a great opportunity for rentals, with local letting agents reporting the apartments are extremely popular and fast to rent, with some even agreed for renting before completion!

Queen Mary’s Gate is in a prime location in the heart of thriving South Woodford, close to the Underground station for the Central line, major roads and town centre amenities. The apartments are finished and fitted to an excellent specification and are set within gated landscaped grounds. Internally, floor coverings and kitchen appliances are included as standard. Appliances by Smeg are fully integrated into the Urban Myth kitchen and include oven, hob, extractor hood, fridge/freezer, washer/dryer and dishwasher. All homes benefit from a 24/7 concierge service from the gated entrance lodge.

South Woodford is an established community on the edge of Epping Forest, with excellent amenities, restaurants, shops, fast links into central London and good schools.

Unlike some property developers, Telford Homes does not inflate selling prices to give back ‘incentives’ as part of its sales package, meaning its property prices are net value, making them an accurate reflection of the rest of the local market and much more transparent when it comes to mortgage valuations.

Also completing at the moment, Telford Homes architecturally contrasting development ‘Icona’ in Stratford, whose colourful 18 storey elliptical tower Icona Point is the first new building overlooking the Olympic Park, has had an excellent completion record and impressive rental demand in the last month, proving the enduring appeal of the Telford Homes brand. Telford Homes historically operates in strong investment areas, with planned or on-going regeneration activity and great transport links. The Company believes in excellent design, build and finish, making its homes a solid bet in any market.

Telford Homes’ Sales and Marketing Director Sheena Ellwood comments: “We are delighted that completions have gone well at Icona and are following the same pattern at Queen Mary’s Gate. This development’s appeal is obvious – with it being a new gated community in a landscaped setting right in the heart of well-established South Woodford; we are confident that the development will remain a very good choice for investors and owner-occupiers alike, even through short-term market fluctuations as property should always be viewed for the longer term.”

Icona is already sold out but apartments are on sale now in the second phase of homes at Queen Mary’s Gate. Prices for a one bedroom apartment start from £222,500 and a two bedroom apartment from £290,000 including parking.

The Telford Homes Queen Mary’s Gate Sales Centre is located on the High Road in South Woodford, open Monday to Saturday from 10.00am to 6.00pm and Sundays 11.00am to 5.00pm. Visit telfordhomes.plc.uk for full details of all available apartments.