Exeter, Devon, EX1 9 Verney Street 29 Unit Block | Leasehold
of £1,682,700
£1,682,700
Dividend Yield
6.70%
Funded 100.00%
5 Year HPI
N/A

Documents

Floorplan

The investment comprises a modern four storey development of 29 new purpose-built student studios.

The studios are fitted to a high standard and feature double beds, ensuite shower rooms, and fully-fitted kitchens. In addition, the block contains a communal lounge, laundry facilities, and a gym.

We present here floorplans for the block.

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Financials

  • Share Valuation
  • Rental Income Breakdown

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)
£299,520
Service Charges
- £48,137
Gross Rental Revenue
= £251,383
Gross Rental Yield
6.98%
Costs
- £136,437
Annual Interest Payment
£82,296
Letting and Management
£11,457
Property Insurance
£3,440
Allowance for possible voids
£5,760
Maintenance Allowance
£6,521
Corporation Tax
£26,963
Dividends per year
= £114,946
Dividend Yield
6.70%

Note: UK taxpayers are currently entitled to 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 for more information on taxation. The Dividend Yield assumes an investment at the Latest Valuation.

Location

9 Verney Street, EX1 2AW,