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

44

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

59

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