Usa029 - Rented House 30% Gross Rental Yield

Usa029
Launch details

Launched
September 2008

Issue Price
£10.30

Property Value
£5,150

Shares Issued
500

Equity Per Share
0.20%

Key Points

Detached 2 Bed House
Fully Let
30% Rental Yield (Gross)
60% Under Estimated Value
Low Rent

Usa029 - Rented House 30% Gross Rental Yield

Shares Available	sold out
Share Price	£12.36 Up 20%
Commission (2.5%)	£0.31
Total Share Price	£12.67
Property Value	£6,180 Up 20%
Equity Per Share	0.20%

Total share price: £12.67

Sold out

Synopsis

A lovely 1,386 sq ft detached property, situated in Pierson Road, Flint. The property comprises of 2 bedrooms, 1 bathroom, kitchen and lounge. Built in 1951, the property sits in a large 9,230 sq ft plot and is fully let.

The property is let at a low rent and there are no rent arrears.

Capital Growth

This property has been purchased at a total cost of $9,000* (£5,150) and is let at a rent of $3,000 per annum (£1,714). A gross rental yield of 30% per year.

The property is offered to members at 60% less than its estimated value. After expenses (insurance, property tax etc) we expect this property to produce a net rental yield of 12-15%.

Members investing in this property have the benefit of a regular income plus a high potential capital growth. Rent received will be credited to investors accounts quarterly.

Purchase Price

*Total Purchase price of a property, includes some or all of the following additional costs and expenses incured in completing the purchase of the property; Estate agents fees, lawyers fees , local taxes, stamp duty, valuation fees, fees for surveyor, title insurance, company formation costs, trust acc formation costs, letting and management fees, specialist advisors costs, listing cost.

Total share price: £12.67

Sold out

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