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£430,000
Bedrooms
Bathrooms
Occupying a sought after position overlooking the waterfront of Mariners Canal to the rear, this impressive, refurbished, extensive, 3 storey Town House was built with rustic facing brick to elevations under a pitched tiled roof. The house is attractively appointed and has a gas central heating boiler system and double glazing. Particular features of the property include an impressive Lounge/Entertaining Room on the first floor, high specification refurbished Dining Kitchen on the ground floor and attractive views, west facing, overlooking Mariners Canal to the rear. Ideal for owner occupier or property investor with a rental potential of 1,500 to 1,600 pcm. Impressive accommodation of approx. 1,119 sq. ft.
ACCOMMODATION
Ground Floor
Entrance Porch/Vestibule with front door, built in cloaks cupboard and door to Hall.
Reception Entrance Hall with inner front door, high specification grey oak finish floor covering and door to rear garden.
Cloakroom/WC with attractive suite comprising low level WC, wash hand basin, high specification grey oak finish floor covering, double glazed window.
Superb, refurbished Dining Kitchen (through room) measuring 22 ft 11 x 9 ft 4 (6.99m x 2.84m) with double glazed bay window to Mariners Canal and uPVC double glazed feature window from ground to first floor level with French doors to courtyard, high specification grey oak finish floor covering, doorway to the hall, high specification fitted kitchen units with a combination of light and charcoal grey doors, quartz worktop incorporating a range of wall and base cupboards, extractor hood, ceramic hob with deep drawers below, integral fridge/freezer, tall cupboard, utility cupboard with integrated dryer and washer, integral dishwasher, quartz splashback and feature mirror glass splashback, LED low voltage spotlighting, one and a half bowl stainless steel sink unit, breakfast bar/table, carousel base cupboard, split level oven and combination microwave oven, recently installed Worcester gas central heating boiler system.
First Floor:
Landing with porthole double glazed window.
Lounge/Entertaining Room, an impressive room measuring 20 ft 6 into bay window x 16 ft 5 into recess (6.25m x 5.00m) with uPVC double glazed bay window, second double glazed window, views overlooking Mariners Canal, galleried balustrade overlooking the Dining Kitchen, high specification grey oak finish floor covering, electric living flame coal gas fire, 80 inch flat screen integrated TV.
Second Floor:
Landing with access to loft.
Bedroom One (rear) measuring 12 ft 6 x 9 ft 6 (3.81m x 2.90m) with uPVC double glazed French doors to Balcony overlooking Mariners Canal, attractive built in double wardrobe.
Bedroom Two (front) measuring 12 ft 11 x 7 ft 4 (3.94m x 2.24m) with feature oriel double glazed window overlooking St Lawrence Quay.
Refurbished Bathroom/WC combined with high specification Porcelanosa white suite with chrome fittings comprising low level WC with concealed cistern, wall basin, tiled plinth, bath, glazed shower cubicle with shower, ceramic tiled floor, chrome ladder radiator, vanity mirror.
Note: the property has stainless steel plug sockets and light switches to most rooms.
Outside to the front of the property on St Lawrence Quay there is exclusive use of a driveway which leads to exclusive use of enclosed carport/garage with up and over door leading to parking area and courtyard with anthracite tiled floor, storage shed and patio area. To the rear of the property is a small garden area overlooking Mariners Canal.
Tenure
We are advised by the vendor the property is believed to be long leasehold for the residue of 999 years from 1st July 1987. Depending on the Leasehold /Freehold title any current Ground/Chief Rent, if applicable, together with current service charge details are to be confirmed by the Vendors solicitor (but are available on request from our office at any time).
Service Charge
There is a service charge payable to the Management Company and further details are available on request from our office.
Local Authority is Salford City Council
Council Tax Band: E
Directions
Travelling from our office at Exchange Quay, turn right onto Trafford Road and at the second set of traffic lights, turn left into The Quays. Turn right at the next set of traffic lights onto a further continuation of The Quays, then turn third right into St Lawrence Quay where the house can be found.
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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