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Citypoint 2, M3 6BF
£320,000
Bedrooms
Bathrooms
Reception
C&R Properties are ecstactic to present this large two double bedroom, penthouse apartment with outside terrace, in one of Manchester's most prestige character filled new developments right in the heart of the city. Located on the top floor of the building that resides just on the cuff's of the second largest China town in the UK. These stunning apartments are expected to complete within the first quarter of 2016.
Boutique conversion of a beautiful Grade II-listed old industrial paper warehouse
Right next to the UK's second-largest Chinatown, and just 10 minutes' walk from the creative and entertainment hub of the Northern Quarter
Apartment sizes from 452 to 1,195 square feet
Completion expected in April 2016
Estimated gross yields of up to 5.57%
Average price per square foot of GBP304
This development thrives with investment opportunity. With an ever growing, fast moving property market that Manchester currently has to offer, this an opportunity not to be missed.
These units offer endless unique qualities, making it appealing to anyone of luxurious taste.
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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