Investors paid 52.80p per share in the New Listing for this property, and it became available on the Resale market April 19th 2016.
This luxury 2-bed apartment is in Rotherhithe - an up-and-coming part of London that’s increasingly gentrified. The area, which includes Canada Water and Surrey Quays, has speedy links to the West End and Canary Wharf. This is the fourth unit that we’ve secured off-plan in this development. It is offered without gearing, which enhances yield and provides an opportunity to diversify your portfolio with an unleveraged property.
- The property is exceptionally well located, it is just 6 minutes distance to Rotherhithe Overground Station and only 9 minutes walk to Canada Water Underground Station. The flat is just one stop on the Jubilee Line or 3 minutes ferry ride from the financial centre of Canary Wharf.
- The area benefits from proximity to major business hubs and employers such as Canary Wharf and More London, making it an attractive rental market.
- Developer British Land is proposing a £2bn redevelopment of Canada Water with the construction of 3,500 homes, a new high street, a town centre, a cultural and entertainment hub, a new leisure centre and a potential new university campus.
You can read more on the investment case, here.
Property Partner does not provide advice and nothing in this Overview should be construed as investment or tax advice. The information which appears in this Overview is for general information purposes only and does not constitute specific advice.
The flat was acquired brand new and vacant. We have set aside a contingency of £600 for any minor issues that are identified after purchase. There is also a provision of £3,600 for furnishings.
The total rent forecast is £24,500 per annum. For prudence we have factored into our forecasts an annual void rate of 3.8% and have not included any growth in rental values
At the current level of rent, Gross Rental Yield would be 3.99% and the forecast Dividend Yield 2.36% (fully accounting for and after purchase costs, furnishings, forecast maintenance, annual voids, corporate taxation and all fees). From April 2016 UK taxpayers are entitled to a £5,000 annual dividend allowance. See our FAQs here for more information.
This transaction was approved by our RICS qualified Director of Property.
Flat 21 (plot 35) is a two-bedroom flat on the first floor, with a kitchen, living room, and family bathroom. The flat benefits from access to a terrace and a right to park.
- Share Valuation
- House Price Index
- Rental Income Breakdown
- Latest Valuation
- Latest Share Valuation
- Latest Property Value
- Amortised Purchase Costs
- Deferred Tax
- - £4,414
- Latest Valuation
Note: The estimates provided do not constitute valuation advice; it remains your responsibility to determine valuation.
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.
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)
- Service Charges
- - £2,359
- Gross Rental Revenue
- = £22,141
- Gross Rental Yield
- - £8,352
- Letting and Management
- Property Insurance
- Allowance for possible voids
- Maintenance Allowance
- Corporation Tax
- Dividends per year
- = £13,789
- Dividend Yield
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.
Flat 21, Anchor Point, London, SE16 5AD,