Projected Sales report final

Projected Sales Report prepared for Juniper Way, Grimsby, DN33 2BQ Crofts Estate Agents – New Home Developments Proposed Sales Report for Juniper Way, Grimsby, DN33 2BQ 20 October 2017 Report carried out by Garry Abel (Crofts Estate Agents – Director)

Projected Sales Report prepared for Juniper Way, Grimsby, DN33 2BQ INTRODUCTION Crofts Estate Agents have been asked to provide a projected sales report for the proposed site at Juniper Way, Grimsby, DN33 2BQ. With our report we will consider local market conditions, including both the second-hand market alongside new homes comparable. ABOUT CROFTS ESTATE AGENTS Crofts Estate Agents have been established since 2005 during which time we have grown from our first office in Cleethorpes into one of the most successful Estate Agency groups in North East Lincolnshire and East Lindsey with two further branches opened across the region in the towns of Immingham and Louth within the past two years. Complemented by our established network of 800 independent branches throughout England and Wales via our connections through the Guild of Estate Agents, this giving us the same if not increased marketing power as many of the national companies. Some of the specific features of our growth have been: Expansion of our Estate Agency business from 1 branch to 3 local branches and a further connected 800 branches via our connection via The Guild of Estate Agents. Today we employ 23 full time staff and 3 part time staff compared to our modest start of 3 full time staff several years ago. We are generally recognised as being the most successful innovative estate agency in Lincolnshire, with many local agents chasing to copy our forward thinking ideals. Forward thinking we have been first and still untouched in many of our marketing direction. We were the first agent to use touch screen technology in Lincolnshire, first agent to utilise social media such as Facebook, YouTube and twitter. First local agent to develop live viewings which is a live stream over the internet undertaken by a member of our team showcasing a properties attributes via Facebook and social media. This has proven to be a very popular feature which again our competitors are now attempting to copy. Selected to join the Guild of Estate Agents to become a recognised expert in our field. Joining the Guild is on an invite only basis and we proud to be the first local agent to be asked to join this network.

Projected Sales Report prepared for Juniper Way, Grimsby, DN33 2BQ Crofts Estate Agents New Homes Within the past couple of years Crofts have started to develop their New Homes department and within the past year have been instructed on many new home developments within the region, ranging from smaller sites from 15 units up to our current largest site with 184 house and 80 apartments plus commercial ventures. Crofts Estate Agents are delighted to be able to create a bespoke service tailored to meet each individual client’s needs and requirements, thus resulting in a great service and quick sales at the optimum prices that we believe can be achieved. Crofts Estate Agents Directorship Gary Croft – Managing Director / Valuer Vastly experienced in property having managed a personal portfolio for over 20 years, Gary is qualified with the NFOPP Technical Award for sales and is an Associate member of The Guild of Property Professionals for Sales and Lettings. Gary opened Crofts in 2006 and has built it into one of N.E.Lincolnshire's leading Agents. Constantly embracing new technology Gary is striving to achieve a service and sales performance of the very highest level. Garry Abel – Director / Valuer / New Home Development With over 24 years of local experience in Estate Agency and Property management, Garry is qualified with the NFOPP Technical Award and is an associate member of The Guild of Estate Agents. With strong beliefs in customer service Garry continues to push forward in providing customers with a service that is second to none and installs these beliefs within the sales team. Garry strives to continue in making Crofts the number one choice for customers and is currently heading Crofts New Home department.

Projected Sales Report prepared for Juniper Way, Grimsby, DN33 2BQ NEW HOMES COMPARABLE SALES COMPETITOR INFORMATION / MARKET ANALYSIS The Quarter by Cyden Homes:

Projected Sales Report prepared for Juniper Way, Grimsby, DN33 2BQ Springfield Park by Cyden Homes: Limited availability

Projected Sales Report prepared for Juniper Way, Grimsby, DN33 2BQ From our observations and visits to the fore mentioned sites we strongly believe interest will be high amongst these proposed properties. Based on the twenty units to be released I would expect the following property reservations to happen, this includes any possible fall throughs. My image below is a worse case scenario and in my professional opinion I feel that we will be able to achieve full reservation prior to Christmas 2018 due to the relatively small size of the site. Cyden Homes are also developing on the site and have currently released over 70 units with more units to be released. Many of these units are sold or reserved showing the high level of demand within the locality. Speaking to Cyden homes many units were reserved from plan, with some reservations taken over six months prior to expected completion. I feel the placement of the Juniper Drive development will be far more popular with local buyers and the with the added bonus of the majority of the properties having Southerly facing gardens will only increase interest thus causing a high demand. In respect of the properties we would undertake reservation deposits predicted to be in the region of £500 plus any admin fees and these would be registered with a solicitor of your choice. All prospective buyers would meet with our recommended independent mortgage advisors to ensure they have been financially qualified prior to reservations being taken. We also strongly advise the site to be registered for the help to buy scheme as we have found this to be very successful in obtaining reservations of the other sites we have managed thus enabling buyers to purchase with a lower committed deposit.

Projected Sales Report prepared for Juniper Way, Grimsby, DN33 2BQ SOURCES www.rightmove.co.uk www.zoopla.co.uk www.onthemarket.com www.wikipedia.org • Crofts in house data  • Competitor information  www.mouseprice.com www.icalculator.info www.gomapper.com www.locrating.com www.streetcheck.com www.home.co.uk www.incometaxcalculator.org.uk • www.nomisweb.co.uk  “Crofts estate Agents for themselves and for the Vendors or Lessors of the property whose Agents they are, give notice that; i) these particulars are given without responsibility of Crofts or the vendors or Lessors as a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract, ii)Crofts cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein, and any prospective purchasers or tenants should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise accuracy of each of them, iii) no employee of Crofts has any authority to make or give any representation of warranty or enter into a contract whatsoever in relation to the property; iv) VAT may be payable on the purchase price and/or rent, all figures are quoted exclusive of VAT, intending purchasers or lessees must satisfy themselves as to the application VAT position, if necessary by taking appropriate professional advice; V) Crofts will not be liable in negligence or otherwise for any loss arising from the use of these particulars.” 