2 bedroom apartment for sale

£395,000

2

Bedrooms

2

Bathrooms

Floorplan

EWS1 Certified. 1259 sq ft (117 m) of spectacular, extra large apartment accommodation, perched on the 14th floor and affording breathtaking panoramic views over Salford Quays, the City Centre skyline and the hills beyond. Including one secure designated parking space, electric heating system, uPVC double glazing, balcony, concierge, video entry, communal lifts. Beautifully maintained accommodation.

ACCOMMODATION

Ground Floor: Grand Communal Reception Entrance Hall with concierge, beautifully furnished with stairs and communal lifts to all floors plus an extra large heavy duty lift and access to secure car park.


Communal 14th Floor landing: Apartment


Reception Entrance Hall, 33 ft long (10.06m), an impressive area with beech laminate flooring, wall heater, double storage/cloaks cupboard, double airing cupboard with hot water cylinder, two impressive feature wall mirrors with decorative glass shelving.


Magnificent through Lounge/Dining Room/Entertaining Room measuring 23 ft 4 x 19 ft 1 (7.11m x 5.82m) with amazing views, uPVC double glazed windows to the front and rear, uPVC double glazed French door to extensive Balcony, beech laminate flooring, two wall heaters, divider/server to kitchen area, glazed double entertaining doors to the hall.


Extensive Balcony, southerly facing, with panoramic views overlooking Salford Quays, City Centre skyline and beyond.

High specification Fitted Kitchen measuring 14 ft 4 (maximum) x 10 ft 6 (4.37m x 3.20m) with high specification fitted units with white doors and granite worktops and splashback incorporating a range of wall and base cupboards, under pelmet low voltage spotlighting, pull out larder cupboard, integral fridge/freezer, integral microwave and split level oven with cupboard above and drawers below, stainless steel extractor hood, ceramic hob with drawers below, integral dishwasher, integral washer/dryer, one and a half bowl stainless steel sink with granite drainer, kickboard fan heater, ceramic tiled floor, open server/divider to living room, glazed feature wall cupboards.

Imposing Master Bedroom One measuring 16 ft 6 x 17 ft 5 into wardrobes and including door recess (5.03m x 5.31m) with expansive uPVC double glazed window with superb views, wall heater, three luxury built in double wardrobes with integrated pelmet lighting, dresser with drawers, door to hall and door to luxury Ensuite Bathroom/WC combined measuring 10 ft 5 x 7 ft (3.18m x 2.13m) with high specification white suite with chrome fittings comprising low level WC, wash hand basin in vanity unit, bath with over bath shower attachment, ladder radiator, glazed corner double shower cubicle with shower, ceramic tiled walls and floor with electric underfloor heating.


Bedroom Two measuring 11 ft 5 x 11 ft 1 into wardrobes (3.48m x 3.38m) with uPVC double glazed window with panoramic views, built in double wardrobe, wall heater, door to Ensuite Shower Room/WC combined measuring 7 ft 10 x 7 ft 2 (2.39m x 2.18m) with Jack and Jill door to the bedroom and the hallway, high specification white suite with chrome fittings comprising low level WC, wash hand basin in vanity unit, vanity mirror, vanity plinth, ladder radiator, glazed door to shower cubicle with shower, ceramic tiled walls and floor with electric underfloor heating.

On the ground floor, there is an impressive communal Reception Entrance Hall with concierge, mail room and door to the attached secure car park with one designated parking space subject to rental. The building also has two communal lifts and a large storage lift. An added advantage of the development is being adjacent to the Lowry Shopping Mall which provides comprehensive shopping facilities together with restaurants, wine bars and cinema.

Tenure

We are advised by the vendor the property is believed to be long leasehold for the residue of 125 years from 27/07/2012 (104 years remaining). 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: G


Directions

Travelling from our office at Exchange Quay, turn right onto Trafford Road. Turn left into The Quays and then right at the traffic lights onto a further continuation of The Quays. Proceed where Sovereign Point can be found directly facing you just behind the small roundabout adjacent to the Lowry Shopping Mall.



Features
  • Freehold

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

£ 328575

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
    £ 9875
  • 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

£ 32325
  • 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

Adjust these figures

  %
  %
£
  %

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

Adjust these figures

  %

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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