2 bedroom apartment for sale

£340,000

2

Bedrooms

2

Bathrooms

1

Reception

Floorplan

**NOW SOLD**BUYERS WAITING** C & R City are delighted this bring to the market this eighth-floor spacious apartment in Manchester's most exclusive development, Leftbank. This prestigious development occupies a prime riverside location on the banks of the River Irwell in the heart of Manchester's City centre. Accommodation comprises of entrance hallway with storage, comfortable living room with fully fitted kitchen and breakfast bar, master bedroom with fitted wardrobes and en-suite shower room. Second bedroom is larger than average. This apartment also comes with spacious balcony and upgraded boiler system. Viewing is strongly recommended.

Spinningfields is a large business, retail and residential complex between south Deansgate and River, Leftbank itself was developed firstly by Westbury Homes and latterly by Persimmon and comprises of a fantastic mix of 1, 2 and 3 bedroomed apartments offering a variety of styles for the discerning buyers. The only residential development in Spinningfields, Leftbank is regarded as the preferred choice for owner occupiers and renters across Manchester. This highly sought-after development is certainly situated in a tranquil setting amidst the hustle, bustle and excitement that Spinningfields has to offer. With 24 hr security, family fun days, Screenfields and much more, Spinningfields appeals to all.



Property additional info

Eigth Floor:
Floor Number : 1 Room Index : 1

Concierge:
Accessed via the block 12 concierge entrance, an inviting entrance area with 24hr concierge facility. There are secure doors leading to the lift and post box area to the rear of concierge where you will find two lifts and stairs to all floors including th Floor Number : 1 Room Index : 2

Hallway:
Access to all principle rooms. Storage cupboards. Laminate flooring. Ceiling light points. Floor Number : 1 Room Index : 3

Lounge/Kitchen: 8.2M (26.90 Ft) x 4.6M (15.09 Ft)
Living room with floor to ceiling windows on two aspects and access to wrap around balcony with views over Spinningfields. Laminate wood flooring. Ceiling light points. Television and telephone points. Telephone intercom. Contemporary range of wall and b Floor Number : 1 Room Index : 4 Room Dimensions : 8.2M (26.90 Ft) x 4.6M (15.09 Ft)

Bedroom Two: 4.1M (13.45 Ft) x 2.6M (8.53 Ft)
Second double bedroom with fitted wardrobes and window to the front aspect. Carpet flooring. Ceiling light points. Floor Number : 1 Room Index : 5 Room Dimensions : 4.1M (13.45 Ft) x 2.6M (8.53 Ft)

Family Bathroom: 2.5M (8.20 Ft) x 2.5M (8.20 Ft)
White three piece suite comprising low level WC, wall mounted wash hand basin with mixer tap and bath with shower attachment. Ceramic tiled walls and floor. Recess lighting. Heated towel rail. Wall mounted mirror. Extractor fan. Floor Number : 1 Room Index : 6 Room Dimensions : 2.5M (8.20 Ft) x 2.5M (8.20 Ft)

Bedroom One: 4.1M (13.45 Ft) x 2.6M (8.53 Ft)
Double bedroom with fitted wardrobes and window to the front aspect. Carpet flooring. Ceiling light points. Television and telephone point. Floor Number : 1 Room Index : 7 Room Dimensions : 4.1M (13.45 Ft) x 2.6M (8.53 Ft)

En-Suite: 2.7M (8.86 Ft) x 1.3M (4.27 Ft)
Modern white suite comprising low level WC, wall mounted wash hand basin with mixer tap and shower cubicle with electric shower. Ceramic tiled walls and floor. Recess lighting. Heated towel rail. Wall mounted mirror. Extractor fan. Floor Number : 1 Room Index : 8 Room Dimensions : 2.7M (8.86 Ft) x 1.3M (4.27 Ft)

Tenure:
Service Charge: ??2500 per annum (approx) Lease: 155 years from 01.05.2001 Ground Rent: ??150 p.a. Managing Agent: Rendall & Rittner Floor Number : 1 Room Index : 9

--OTHER-->>:
NOTICE: C & R Properties for themselves and for the vendors or lessors of this property who's agents they are give notice that: (i) the particulars are set out as a general outline for the guidance of intending purchasers or lessees, and do not constitut Floor Number : 1 Room Index : 10

Nearest Stations:

0.13 miles
Salford Central
0.5 miles
Deansgate
0.66 miles
Manchester Victoria
0.72 miles
Manchester Oxford Road
0.95 miles
Salford Crescent

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 283200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 8500
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 28200
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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