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£420,000
Bedrooms
Bathrooms
Located in Imperial Point, a truly stunning and extensive, 12th Floor Penthouse Apartment of approx. 1210 sq ft with electric heating, air conditioning, video entry, concierge and THREE designated parking spaces. Stunning panoramic views over Media City, Manchester City Centre skyline and the Pennine Hills beyond. Fabulous accommodation.
ACCOMMODATION:
Extensive L shaped Entrance Hall with beech finish strip flooring, cloaks cupboard and air conditioning system.
Stunning L shaped Lounge/Dining Room 25 ft 9 x 12 ft 3 plus 10 ft 2 x 9 ft 9 with extensive panoramic windows, beech finish strip flooring, air conditioning system and amazing integrated terrace/balcony running the full length of the apartment.
High specification Kitchen measuring 10 ft 6 x 9 ft 3 with maple finish units and granite effect worktops incorporating integral fridge and freezer, integral dishwasher, integral washer/dryer, ceramic induction hob, split level oven, combination microwave oven, air conditioning unit and beech finish strip flooring.
Two substantial Bedrooms. Bedroom One measuring 15 ft 5 x 11 ft 2 with extensive panoramic windows to the side and rear, French door to terrace/balcony and air conditioning unit. Ensuite Dressing Room with fitted furniture incorporating five double wardrobes and one single wardrobe and door to: Luxury Ensuite Bathroom/WC combined with high specification suite including bath with shower attachment, glazed shower cubicle with multi jet shower, low level WC, wash hand basin in vanity unit, ceramic tiled walls and floor and electric underfloor heating.
Bedroom Two measuring 15 ft 6 x 10 ft 7 with patio doors to terrace/balcony, air conditioning unit, built in maple finish wardrobes, computer/desk and display unit.
Luxury Master Bathroom/WC combined with high specification white suite with chrome fittings including bath with shower attachment, low level WC, wash hand basin in vanity unit, ceramic tiled walls and floor and electric underfloor heating.
Secure basement car park with exclusive use of THREE designated parking spaces comprising two car tandem parking space and third separate parking space subject to rental/service charge.
Local restaurants can be found at Salford Quays itself together with the dynamic Media City, Lowry Centre, Galleria Shopping Outlet Mall, Cinema Complex and the Imperial War Museum. Regular tram services operate around Salford Quays to Manchester City Centre and surrounding areas and the M602 Motorway network provides commuter links throughout the North West and also to the Trafford Centre. The Virgin Active Leisure Complex with gymnasium and swimming pool can be found at the base of Imperial Point. There is a Tesco Express, Coop and Nisa supermarket on Trafford Road.
Council Tax Band: F
Tenure: We are advised by the vendor the property is believed to be long leasehold for the residue of 125 years from 01/01/2001. 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).
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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