Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£135,000 Offers over
Bedrooms
Bathrooms
Hyde Estates are delighted to offer this two bedroom top floor apartment for sale. Built circa 2003 this modern block of apartments is set within tended communal gardens and benefits from residents parking. Offered with no onward chain the apartment is ideally suited to both first time buyers and investors with an estimated rental return of 12,000 per annum.
Martingale Court is conveniently located on the outskirts of Manchester City Centre, just 1.5 miles from Manchester Victoria train station. Commuters can take advantage of the excellent public transport links with frequent buses along Cheetham Hill Road (A665) heading to the city centre and the local Metrolink Station at Queens Road which is less than a mile away. Other local amenities include; Manchester Fort, schools, grocery stores, places of worship and restaurants.
Accommodation - Briefly comprising; communal entrance, hallway, living room, kitchen, two double bedrooms, ensuite and separate bathroom. communal entrance with intercom access. As you enter the apartment there is a hallway which opens to most rooms. The living room is generously proportioned with space for both lounge and dining furniture, a dormer window provides lots of natural light and double doors open to the kitchen. Fitted with both wall and base units the kitchen has a tiled floor and splash backs, integral oven and four ring electric hob with extractor hood above. Space for a fridge, separate freezer and plumbing for a washing machine. On the first floor there are two double bedrooms with fitted cupboards one of which benefits from an ensuite shower room with white suite of; wc, washbasin and shower cubicle. The separate bathroom features a matching white suite of; wc, washbasin and bath with tiled splash backs.
Room Measurements - Living room: 198' x 145' at extremes
Kitchen: 1010' x 61'
Bedroom 1: 196' x1110' at extremes
Ensuite: 92' x 85'
Bedroom 2: 138' x 12 at extremes
Bathroom: 63' x 610'
Gardens - Tended communal gardens.
Parking - Residents parking available.
Additional Information - Features gas central heating and uPVC double glazed windows throughout. Intercom access via secure video entry phone.
Tenure - We understand from the vendor that the property is Leasehold subject to a 150 year lease which commenced in January 2003. Annual ground rent of 300.
Service Charge - We understand from the Vendor that the service charge is 1657.80 per annum. To be confirmed by the buyers solicitor.
Council Tax - Manchester Council, Band B.
Fixtures & Fittings - Carpets, curtains, and light fittings available by negotiation. We have not tested any appliances or electrical items.
Viewings - All viewings to be arranged via Hyde Estate and Letting Agents
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
