Investors paid 58.49p per share in the New Listing for this property, and it became available on the Resale market September 21st 2015.
Standing just one kilometre from a West London Crossrail station, this attractive modern house is a rare find.
- The location, close to the Crossrail station, suggests further capital growth potential: JLL forecast price growth of 46% from the end of 2014 to the end of 2020 for properties within 750m of Hanwell station. This property is 1km from the station, but should still derive significant benefit.
You can read more on the investment case for Hanwell 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 house was acquired vacant and in good condition. The Chartered Surveyor’s report identifies no issues. We have made a precautionary provision of £2,500 for tests that are required and any remedial works that the testing reveals. There is also a provision of £1,200 for furnishings.
The total rent forecast is £24,000 per annum. For prudence we have factored into our forecasts an annual void rate of 3.8%.
At this level of rent, this equates to a Gross Rental Yield of 3.62% and a forecast Dividend Yield of 2.19% (fully accounting for purchase costs, furnishings, remedial cosmetic works, 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.
We haven’t included any growth in rental values in our forecasts, which is simply a precaution. However, it is worth noting that Savills forecast rental growth for London (excluding ‘prime’ central London markets) of 29.5% over the five years from January 2015.
This transaction was approved by our RICS qualified Director of Property.
A three storey house, with a kitchen, living room and bathroom on the ground floor. On the first floor, there are two bedrooms, one with ensuite, and a family bathroom. On the second floor there is a master bedroom with an ensuite.
The property includes a rear garden.
- Share Valuation
- House Price Index
- Rental Income Breakdown
- Latest Valuation
- Latest Share Valuation
- Latest Property Value
- Amortised Purchase Costs
- Deferred Tax
- - £10,625
- 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
- - £450
- Gross Rental Revenue
- = £23,550
- Gross Rental Yield
- - £8,758
- Letting and Management
- Property Insurance
- Allowance for possible voids
- Maintenance Allowance
- Corporation Tax
- Dividends per year
- = £14,792
- 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.
11 Murray Court, Hanwell, London, W7 2HQ,