Walters Estate Agency Ltd · IG6 3SZ
IG1 IG2 IG3 IG4 IG5 IG6 E11 E18

Walters Estate Agency Ltd

Estate agency and residents' property management in north-east London: sales and letting instructions, accompanied viewings, and block management of communal areas for resident-owned freeholds.

Office 1860, 58 Peregrine Road, Ilford, IG6 3SZ

The plan is the shape of a parade this branch works: a house, a terrace of three, a semi-detached pair, another house, and a purpose-built block with its stair core and bin store, with the district plates printed along the verge.

01The week at the branch

Monday and Tuesday carry most of the valuation appointments, because a figure discussed early in the week can be turned into particulars and approved by you before the weekend list is set. Wednesday and Thursday go to accompanied viewings and to putting offers in front of sellers. Friday belongs to the agreed sale files and to the block rounds. Saturday is the busiest counter of the six, worked from the same diary as the rest.

The six working days, and the book each one is written in
DaysWhat the counter works toWhere it is written down
Monday, TuesdayValuation appointments, and the particulars drafted out of them.The appointment note, then the draft particulars sent to you.
Wednesday, ThursdayAccompanied viewings, and offers put in front of sellers.The viewing note, and the offer entered on the file with the buyer's position.
FridayAgreed sale files carried forward, and the block rounds walked.The sale file, and the written round for the block that was visited.
SaturdayThe counter, worked from the same diary as the other five days.The same diary, in the same order the calls arrived.

Lines from the districts. Choosing a plate on sheet 07 lifts the matching line to the top of every list here.

02Taking a sales instruction

The valuation appointment is an inspection and a conversation: the rooms are measured, the tenure is established, and you are asked what you would like the sale to achieve. Particulars are drafted from that visit and sent to you first, because the wording is yours before it is anybody else's. An offer is checked against the buyer's funding, chain and readiness, then put to you with those details attached. From an agreed sale the branch issues the memorandum and follows the file through enquiries to exchange.

What the appointment records, and what each entry is for
EntryWhat is taken at the visitWhat it is taken for
The roomsEach room measured at its longest and widest point, with the convention named.The measurements printed on the particulars, and the floor area worked from them.
The tenureFreehold or leasehold, and where leasehold the term left and the service charge last paid.The line a buyer's solicitor reads first, and the line an offer is checked against.
The conditionWhat has been done to the property, what is being left, and what is plainly outstanding.The wording of the particulars, which you approve before anything is published.
The accessParking, the way in, and how keys are to be held for accompanied viewings.The viewing arrangements entered in the counter diary.
Your positionWhat you would like the sale to achieve, and the timing you have in mind.The advice given at the appointment, and the order the file is worked in.
Your identityThe evidence an estate agent is required to take, and the record of the check made.The customer due diligence the branch must carry out before it acts.

Sheet 02 — how a figure is arrived at  ·  Sheet 03 — what a set of particulars carries

03The run from instruction to completion

A sale is worked as a run of stops, and the branch holds the file at every one of them. The rule below inks itself from the first stop to the ninth when the sheet is printed; pressing a stop runs the ink to that stop, and everything under it stays exactly where it is and stays readable. Nothing on this sheet is folded away, and no stop is a promise about how long the one before it takes.

The ink stands at the ninth stop, completion, because nothing has been pressed yet and the whole run is printed.

Sheet 04 — the same nine stops, and who holds each of them

04Who attends a viewing, and what is written afterwards

Viewings are accompanied. Somebody from the branch collects the keys, meets the applicant at the door and stays for the appointment, so the work of showing a stranger round your own home stays with us. The visit is written up while it is fresh: what was asked, what was admired, and where the applicant hesitated. That note is what a seller receives, in the ordinary course on the day of the viewing.

The appointment, from the key cabinet to the note that follows it
StageWho is thereWhat is carried, and what is written
BeforeThe branch, on the telephone to both sides.The applicant's name and position are taken, and the slot is confirmed to the seller.
Keys outThe member of staff attending.Keys are signed out at the counter against the property and the time of the appointment.
At the doorThe branch and the applicant, and the seller only if the seller wishes.Identity is confirmed at the door before anyone is taken through the property.
Through the roomsThe branch, staying for the whole appointment.Questions asked and rooms returned to are noted as the viewing goes on.
Keys inThe member of staff attending.Keys are signed back in at the counter, and the property is left as it was found.
AfterwardsThe branch, to the seller.The written note goes to you in the ordinary course on the day of the viewing.

05The office, and how a message reaches it

The branch is at Office 1860, 58 Peregrine Road, Ilford, IG6 3SZ, and it is worked Monday to Saturday. A message sent to viewings@waltersestate.site reaches the desk directly; one left outside working hours is answered once the office next opens, keeping its place in the order it arrived. Appointments, valuations and block matters are booked through that one address.

The eight districts the branch works, with the places they cover
DistrictThe places it covers
IG1Ilford town centre, Cranbrook and Loxford.
IG2Gants Hill and Newbury Park.
IG3Seven Kings and Goodmayes.
IG4Redbridge.
IG5Clayhall.
IG6Barkingside, Fairlop and Hainault, where the office stands.
E11Leytonstone and the Wanstead side.
E18South Woodford and the Woodford Green border.
The registered particulars of the company that stands behind the counter
Company number14113974
D‑U‑N‑S number228944292
Incorporated18 May 2022, at Companies House
Registered activitySIC 68310, real estate agencies; SIC 98000, residents property management
Registered office
Office 1860, 58 Peregrine Road, Ilford, IG6 3SZ, United Kingdom
The counterviewings@waltersestate.site

06Working a reserve fund forward

A reserve fund is worked forward one year at a time: the balance a block starts with, plus what the block pays in, less whatever falls due that year, gives the balance carried into the next. The schedule below runs that roll-forward over ten years from figures you supply. Every pound in it is a pound you typed, and the arithmetic is addition and subtraction taken in order; what comes out is your own assumptions totalled up, and it is neither a valuation of the block's future costs nor a budget any directors have adopted.

Planned works, as the block expects them
YearBrought forwardPaid inWorks falling dueCarried forward
1————
2————
3————
4————
5————
6————
7————
8————
9————
10————

—

07The district board

Eight plates, one for each postcode district the branch works. Choosing a plate lifts that district's line to the top of every list on this page and rules it, and the lines it steps over move down together; the rest stay exactly where they were and stay readable. The matching row of the district schedule on sheet 05 is inked at the same time, and the board itself prints which district is in hand.

In hand: no plate has been taken off the board, so all eight districts stand in the order they are printed.

08Communal areas in a resident-owned freehold

Where the leaseholders hold their own freehold, the branch acts for the company they formed and reports to its directors. Communal areas are walked to a written round: entrances, stairs, lighting, roofs where they can be seen, and the grounds. A repair is quoted before it is instructed, and where a set of works passes the statutory consultation threshold — £250 for any one leaseholder on qualifying works, and £100 in a year under a qualifying long-term agreement — leaseholders are consulted in the manner the legislation requires before a contractor is appointed. The budget, the service charge and the reserve fund are settled on an annual meeting cycle.

STAIR CORE ENTRANCE HALL COMMUNAL PARTS SHADED
The two statutory consultation thresholds, and what follows each
What triggers itThe thresholdWhat the branch does before anything starts
Qualifying works£250Where the cost to any one leaseholder passes it, leaseholders are consulted in the manner the legislation requires before a contractor is appointed.
Qualifying long-term agreement£100 a yearWhere the cost to any one leaseholder in a year passes it, the same consultation is carried out before the agreement is entered into.

The year the block is worked to, stop by stop.

  1. 01Budget drawnThe coming year is costed from what the block spent last year and from what is known to be falling due.
  2. 02Notice and meetingThe budget, the contribution and the reserve fund go to the directors with the notice of the annual meeting.
  3. 03The roundsCommunal areas are walked to the written round through the year, and what is found is reported as it is found.
  4. 04Accounts for the yearThe service-charge accounts for the year are prepared and circulated to the leaseholders they belong to.

09When a landlord instructs the branch

Letting is the shorter half of the branch's work, and the instruction stage is where it sits. A landlord is asked for proof of title, the lease where the property is leasehold, and the safety records held, because particulars go up once those are on the file. Applicants are referenced by an independent agency instructed for that purpose, and viewings are accompanied as on a sale. Once terms are agreed the paperwork is drawn, and the running of the tenancy passes to whoever the landlord appoints; the branch sets out in writing who does what.

What is asked for at the point of instruction, and what it opens
Asked forWhat it lets the branch do
Proof of titleConfirm who may instruct, before the property is advertised at all.
The leaseRead the consents a leasehold property requires before anything is offered to let.
Safety recordsShow an incoming occupier what the law requires them to be shown.
The terms you wantDraw particulars that name the rent asked, the term offered and what it includes.
Your appointeeSet out in writing who runs the tenancy after it begins, and what the branch carries out.