1.06.2022 - Golden Hill Fort investment update
The sale of flat 14 has been completed at a price of £575,000, with the proceeds used to partially repay the mortgage and strengthen the property's net cash position. The property valuation and mortgage value have been updated to reflect the sale of this unit.
Flat 14 sale completion details ᐁ
Date: 27.05.2022
Price: £575,000
Cost: £10,443
Net proceeds of sale: £564,557
Capital gain before tax: £339,080
Taxable capital gain: £339,080
Corporation tax on gain: £64,425
Net proceeds of sale after tax: £500,132
Mortgage repayment: £196,000
Net cash retained: £304,132
Flat 14 investment performance ᐁ
Date 17.09.2018
Gross acquisition cost: £225,478
Capital gain after tax: £274,655
Capital return: £122%
Equity invested: £123,478
Geared capital gain on equity invested (unit): 222.4%
Dividend return on equity invested (unit): 7.7%
Total return on equity invested (unit): 230.1%
Geared capital gain on equity invested (block): 16.6%