Gainsborough, Lincolnshire, DN21 42 Flats in Sandars Maltings 42 Unit Block | Freehold
Latest Valuation
£936,966
Current Investors
969
Dividend Yield
+5.01%
Last Year HPI
6.5%
Lowest Share Price
100p
Premium
6.72%
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Location

The property is a four storey brick construction divided into 3 blocks within which we’re purchasing the following apartments:

• Block A: 7 two bedroom flats and 6 one bedroom flats 

• Block B: 7 two bedroom flats and 10 one bedroom flats

• Block C: 8 two bedroom flats and 4 one bedroom flats

We present here floor plans for 6 of the flats as examples. 

The Surveyor details the total Gross Internal floor area of the 42 flats we’re purchasing to be 24,862 sq. ft / 2,150 sq. m. 

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Financials

  • Share Valuation
  • House Price Index
  • Rental Income Breakdown

Note: The estimates provided do not constitute valuation advice; it remains your responsibility to determine valuation.

Land Registry Data Lincolnshire

The HPI is an official statistic that captures changes in the value of residential properties across England and Wales. It is published by the Land Registry, which is a UK government organisation.

1 Year
+6.5%
3 Years
+17.4%
+5.5% Annualised
5 Years
+22.6%
+4.2% Annualised

Note: Past performance is not a reliable indicator of future results.

Residential property investment is a total returns product. This information is the income component only. Increasing capital values have historically driven most of the return.

Gross Rent per year (E)
£190,000
Service Charges
- £32,917
Gross Rental Revenue
= £157,083
Gross Rental Yield
8.06%
Costs
- £105,686
Annual Interest Payment
£48,812
Letting and Management
£19,336
Property Insurance
£0
Allowance for possible voids
£10,962
Maintenance Allowance
£14,323
Corporation Tax
£12,253
Dividends per year
= £51,397
Dividend Yield
5.35%

Note: UK taxpayers are currently entitled to a 10% pidend tax credit on Dividends. As of April 2016, this is to be replaced by a £5,000 annual dividend allowance. This means that the total income related tax you pay is no greater than if you were to own the property directly. Gross rent and dividends may be lower than estimated. Tax treatment depends on individual circumstances and may be subject to change in future. See FAQs or more information on taxation. The Dividend Yield assumes an investment at the Latest Valuation.

Location

42 Flats in Sandars Maltings, Gainsborough, DN21 1JA,