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Citypoint 2, M3 6BF
£340,000
Bedrooms
Bathrooms
Reception
**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.
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.
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