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Citypoint 2, M3 6BF
£339,000 OIRO
Bedrooms
Bathrooms
Reception
C&R City are delighted to present this beautiful 2 bedroom property in the prestigious Leftbank Development. Leftbank is a prestigious and only apartment block within the highly sought after Spinningfields district of the city centre. This eighth floor rear aspect apartment is presented in a move-in condition. The owner-occupied property is sold with vacant possession and therefore suitable for both homeowners and investors and features a hallway with storage, impressive living area with a fitted modern kitchen, two well proportioned double size bedrooms with storage, an en-suite shower room to the master bedroom, a three piece bathroom and two separate balcony. 24 hour concierge service is at Leftbank.
Entrance Hallway - Entrance door leading into a spacious entrance hall, two storage cupboards with one housing the new installed Electromax Heatrae Sadia main boiler system, plumbing fro washing machine, and installed wiring for fibre broadband connection and power supply, hardwood flooring, wall mounted radiator, ceiling light points and power points. Double doors opening to:
Living Room/Kitchen - 8.20m x 4.60m max (27'0" x 15'2") - A spacious and very light open plan room with floor to ceiling double glazed windows with sliding patio doors leading out to two separate balconies, hardwood flooring, wall mounted radiators and skirting, ceiling light points, TV connection point and telephone connection point. Opening into:
Kitchen - A lovely range of mushroom base and wall units and rolled top work surfaces with integrated appliances comprising Kuppersbusch electric oven, microwave/grill and four ring ceramic glass, toch control electric hob with stainless stell extractor fan over, recent Bosch dishwasher and Teka fridge/freezer. Partially open breakfast bar, circular stainless steel sink and drainer sink unit with chrome mixer tap, tiled flooring, ceiling spot lighting extractor fan and numerous power points.
Bedroom One - 5.4m x 3.3m (17'9" x 10'10") - Double glazed window to the rear elevation, two double built in wardrobes providing extensive ample storage space, ceiling light point, power points, wall mounted radiator, telephone and TV aerial connection point. Access to:
En-Suite - 2.7m x 1.3m (8'9" x 4'3") - Three piece suite comprising a large shower cubicle, low level WC, wash hand basin with chrome mixer tap, extractor fan, tiled floor and part tiled walls, wall mounted mirror and wall mounted heated towel rail, LED replacement ceiling light fittings, razor power point.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
Citypoint 2, M3 6BF
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