Torquay, Devon, TQ1 5 flats in Mulberry House 5 Unit Block | Leasehold
Latest Valuation
£367,733
Current Investors
658
Dividend Yield
+3.65%
Last Year HPI
4.3%
Lowest Share Price
38p
Premium
3.35%
Try our new feature

Location

The investment comprises 5 two-bedroom flats on the first and second floors. All the flats contain a living room, kitchen and shower room / bathroom. We present here floorplans for 3 of the flats as examples.

All the flats have the benefit of a balcony.

Zoom

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 Devon

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
+4.3%
3 Years
+15.1%
+4.8% Annualised
5 Years
+16.3%
+3.1% 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)
£40,500
Service Charges
- £5,845
Gross Rental Revenue
= £34,655
Gross Rental Yield
5.35%
Costs
- £20,438
Annual Interest Payment
£10,113
Letting and Management
£4,965
Property Insurance
£0
Allowance for possible voids
£779
Maintenance Allowance
£1,192
Corporation Tax
£3,389
Dividends per year
= £14,217
Dividend Yield
3.77%

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

5 flats in Mulberry House, Torquay, TQ1 3PL,