3 bedroom apartment for sale

£399,950

3

Bedrooms

3

Bathrooms

2

Reception

Floorplan

Simply a must view! C & R City are delighted to offer this fantastic three bedroom triplex property in the unique St Georges Church conversion located in Castlefield. The apartment which is situated on the fringes of the city centre comes with a large entertaining kitchen with a mezzanine level living area. Three double bedrooms one having the benefit of an en-suite and the other offering a walk in wardrobe with dressing area.

THIS UNIQUE APARTMENT HAS THE WOW FACTOR AND IS SIMPLY A MUST VIEW.

The property briefly comprises:
Entrance hall 10'6' x 3'9' (3.20m x 1.5m)
Double panelled radiator. Adequate power points. Ceiling light point. Smoke alarm

Downstairs WC 7'7' x 4'4' (2.30m x 1.32m)
Panelled door. Light brown ceramic floor & wall tiles. WC and hand wash basin with chrome taps. Single panelled radiator. Fuse. Ceiling light point.

Utility Room 5'0' x 4'1' (1.53m X 1.25m)
Panelled door. Light brown ceramic floor & wall tiles. Base & wall units.

Family Kitchen 27'1' x 13'10' (8.23m x 4.22m (to maximum points))
glazed feature panelled door. 3 huge feature leaded ornament windows to front elevation. Laminate flooring. 2 double panelled radiator. Selection of wall and base units in dark walnut with white marble worktops. Inset sink with mixer taps. Brushed metal splash back. Inset electric oven with gas hob. Feature chandelier light.

Bedroom 3 11'0' x 11'9' (3.58m x 3.35m)
Panelled door. 2 x feature windows. Octagon shaped room. Laminate flooring double panel radiator. Range of power points, media point. Feature ceiling. Inset spot lights.

Stairs to 1st floor.
Lounge 24'8' x 15'11' (7.52m x 4.84m)
Laminate flooring with feature step & inset spot lights. Mezzanine level over the kitchen glazed banister over looking the 3 main feature windows. Range of power points. 3 ceiling light points and 2 walls lights.

Stairs/Landing to lower ground floor
Range of power points.. Storage cupboard providing useful space.

Master bedroom 16'5' x 13'4' (5.01m x 4.07m(to maximum points))
Double glazed French doors to front elevation leading to a private garden area.. Range of power points. Media point. Double panelled radiator.. Ceiling light point.

Ensuite 8'7' x 7'3' (2.61m x 2.22m)
Ceramic tiled floor. Range of bathroom units finished in beech with white inset one piece sink unit. Marble splashbacks. Double shower cubicle & enclosure with multi set shower/steamer

Nearest Stations:

0.37 miles
Deansgate
0.72 miles
Manchester Oxford Road
0.78 miles
Salford Central
1.21 miles
Salford Crescent
1.22 miles
Manchester Piccadilly

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

£ 332658.75

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
    £ 9998.75
  • 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

£ 32696.25
  • 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

£

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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