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£290,000
Bedrooms
We are delighted to bring to the sales market, this fantastic new development for INVESTORS. The impressive development features a total of 125 homes across the site, in the largest of Manchesters three main regeneration corridors.
Consisting of stylish apartments, townhouses and duplexes, and located in the popular Salford area, this scheme is an ideal investment property for those looking to be a part of North West Englands bright future.
The apartments themselves are perfectly suited to the energy and dynamism of this newly defined location. Ultra-contemporary interiors will feature high specification bedrooms, kitchens and bathrooms as standard, while all apartments will meet with the new Design Space Standards.
Smart technology will provide residents with the most modern of property tech, while each apartment benefits from whole-house ventilation and a sprinkler protection system.
These thoroughly modern homes are set to appeal to Salford and Manchesters growing class of young, professional urbanites, who demand the very best from their city centre lifestyle. That includes the quality of their accommodation and the best location, providing the perfect balance of both.
From a property investment standpoint, this is excellent news. A prime location, backed by a superb quality build, in an area packed with potential for capital gains thanks to the extensive regeneration work taking place, is the ideal combination for those looking to profit from buy-to-let.
Located just 10 minutes away from the city centre, this contemporary development has been designed to suit the needs of urban professionals working in both Manchester and nearby Salford and Salford Quays.
Road and rail access to is terrific; Liverpool Street bus station is 100 metres from the development, and Salford Central is only 750 metres away. The M602 motorway can be reached within 2 minutes. The prime location will provide residents with easy access to all that Salford and Manchester have to offer, from employment opportunities to leisure facilities. DONT MISS OUT!! CALL TODAY!!
Tenure: Leasehold
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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