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

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%