N V Building, 100 The Quays, Salford, Lancashire, M50

1 /13
Available / For Sale

3 bedroom apartment for sale

£750,000

3

Bedrooms

2

Bathrooms

Floorplan

EWS1 Certified. Perched on the 14th floor, just below penthouse level in landmark development NV Buildings, a stunning, beautifully refurbished, lateral apartment of approx 1,761 sq ft extending the full width of Block C with high specification interior, concierge, updated electric wet central heating boiler system, air conditioning, double glazing, communal lifts, intercom entry & alarm systems. Stunning South facing aspect. Two under croft designated parking spaces.

ACCOMMODATION:

T shaped Reception Entrance Hall with oak finish strip flooring, low voltage spotlighting, walk in Utility Cupboard with space and plumbing for washing machine, replacement electric wet central heating boiler system.

Fabulous Lounge/Dining Room/Kitchen (rear) measuring 30 ft 5 x 20 ft (9.27m x 6.10m), a magnificent room with oak finish strip flooring, air conditioning system, floor to ceiling aluminium double glazed windows, patio door to amazing Personal Terrace measuring 60 ft 1 x 8 ft 11 (18.33m x 2.72m) with cedar decking, glazed balustrade and panoramic south facing views.

Refurbished Kitchen Area with high specification fitted units with light grey high gloss doors and granite worktops incorporating a range of wall and base cupboards, integral fridge/freezer, warming plate, two split level integral ovens, one being an integrated microwave oven, one and a half bowl sink unit, integral dishwasher, LED pelmet lighting, feature island with granite worktop, NEFF electric hob, mahogany finish breakfast bar.



Master Bedroom One (rear) measuring 15 ft 7 x 9 ft 9 (4.75m x 2.97m) with floor to ceiling aluminium double glazed windows and patio door to Terrace with panoramic views, two low level radiators, upright radiator, air conditioning unit and opening to Ensuite Dressing Room incorporating extensive range of built in wardrobes with mirrored doors. Luxurious Ensuite Bathroom/WC combined measuring 13 ft 4 x 10 ft 9 (4.06m x 3.28m) with high specification Villeroy Boch suite with Hansgrohe fittings, Travertine ceramic tiled floor and part tiled walls, chrome ladder radiator, oak topped vanity plinth, wash hand basin in vanity unit with drawers below, low level WC, display shelves, large feature mirror, bath, superb corner shower area with central pillar and multi jet shower, fixed glazed screen.

East Wing: off the main entrance hall, with inner entrance hall, dressing area with extensive range of integral wardrobes with mirrored doors, oak finish strip flooring, doors leading to Bedrooms 2 and 3, separate Cloakroom and Shower Room/WC.

Cloakroom/WC with high specification white suite comprising wash hand basin, chrome ladder towel rail, mirror, low level WC, mahogany vanity plinth, Travertine ceramic tiled floor and part tiled walls.

Bedroom Two (rear) measuring 18 ft 10 x 11 ft 10 (5.74m x 3.61m) with floor to ceiling aluminium double glazed windows and patio door to Terrace, low voltage spotlighting, air conditioning system, three low level radiators, upright radiator, extensive range of integrated wardrobes with mirrored doors and door to guest hallway.

Bedroom Three (side) measuring 10 ft 7 x 10 ft 7 (3.23m x 3.23m) with extensive floor to ceiling aluminium double glazed windows, upright radiator, low voltage spotlighting, extensive range of integral wardrobes with mirrored doors, air conditioning system, door to guest hallway, door to Ensuite Shower Room.

Luxuriously refurbished Ensuite Shower Room/WC combined measuring 14 ft 11 x 7 ft 2 (4.55m x 2.18m) with high specification white suite incorporating wall mounted floating WC, wash hand basin in vanity unit with drawers below, 60 cm square porcelain ceramic tiled floor, porcelain tiled double shower cubicle with fixed glazed screen, flexible hose and monsoon shower head, chrome ladder radiator, vanity mirror and plinth.

Stunning panoramic South facing views over the Huron/Erie Basin, Manchester City Centre skyline and distant hills beyond.



Outside there is a secure perimeter car park with electronically operated gates and two designated under croft parking spaces.



NV Buildings is EWS1 Certified.



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 250 years from 01/01/2003 (228 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).

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £3,243.50

Total Interest: £417,660.54

Overall Total: £1,167,660.54

Amortization For Monthly Payment: £3,243.50 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£23,779.19 £15,142.83 £734,857.17 
2026£23,287.45 £15,634.57 £719,222.60 
2027£22,779.74 £16,142.28 £703,080.31 
2028£22,255.54 £16,666.48 £686,413.84 
2029£21,714.32 £17,207.70 £669,206.14 
2030£21,155.52 £17,766.49 £651,439.64 
2031£20,578.58 £18,343.43 £633,096.21 
2032£19,982.91 £18,939.11 £614,157.10 
2033£19,367.89 £19,554.13 £594,602.97 
2034£18,732.90 £20,189.12 £574,413.85 
2035£18,077.28 £20,844.73 £553,569.11 
2036£17,400.38 £21,521.64 £532,047.48 
2037£16,701.50 £22,220.52 £509,826.96 
2038£15,979.92 £22,942.10 £486,884.86 
2039£15,234.91 £23,687.11 £463,197.75 
2040£14,465.71 £24,456.31 £438,741.44 
2041£13,671.52 £25,250.50 £413,490.95 
2042£12,851.55 £26,070.47 £387,420.48 
2043£12,004.95 £26,917.07 £360,503.41 
2044£11,130.86 £27,791.16 £332,712.25 
2045£10,228.38 £28,693.64 £304,018.61 
2046£9,296.60 £29,625.42 £274,393.19 
2047£8,334.55 £30,587.46 £243,805.73 
2048£7,341.27 £31,580.75 £212,224.98 
2049£6,315.73 £32,606.28 £179,618.69 
2050£5,256.89 £33,665.13 £145,953.57 
2051£4,163.67 £34,758.35 £111,195.22 
2052£3,034.94 £35,887.08 £75,308.14 
2053£1,869.56 £37,052.46 £38,255.68 
2054£666.34 £38,255.68 £0.00 

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

£ 608,950

Mortgage Loan to Value

81%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 40,977

Cumulative Rental Profit

£ 409,773

Cost of Purchase

£ 46,450
  • Stamp Duty
    £ 25,000

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 18,750
  • 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

£ 49,023
  • Mortgage Interest
    £ 27,403

    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)
    £ 11,880
  • Letting Fee
    £ 240
  • Maintenance
    £ 9,000
  • 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

£ 834,993
  • Final Equity Profit
    £ 425,221

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £ 409,773

    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

£ 1,221,671

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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