1 bedroom apartment for sale

£20,000 Offers over

1

Bedrooms

''' CALLING ALL INVESTORS !!! EXCITING OPPORTUNITY TO PURCHASE OCCUPIED LUXURY STUDENT ACCOMMODATION THAT IS ALREADY DELIVERING IMPRESSIVE YIELDS '''

Designed with an emphasis on style and quality, The Cubes innovative design sets a new level for luxury student living and provide its residents with a secure home from home. This luxurious studio comprises a fitted double bedroom with wardrobes, desk, bed and en-suite facilities alongside use of a fabulous shared fitted living kitchen. Students will also have exclusive access to a range of facilities including an entertainment room, fitness gym and study centre. this fully managed double bed student let apartment is situated within a secure complex, comes complete with en suite and kitchen facilities, with access to a gym and common room.

The units can be bought separately or there is an opportunity to purchase all 5 together.

This newly built apartment situated in Bolton, has six floors, Every cluster of 6 rooms has its own communal area, All Maintenance carried out on site, Fully staffed, Secure Parking is off site but plenty of contract parking close by. Generating 97.00 per week including bills , On the ground floor - Gym, Laundry Room, Drying Room , post boxes, Each room has its own wet room

Features: -
•Newly Built
•Communal Areas
•Off Site Parking
•Close To Local Amenities



Mortgage Calculator

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

Monthly Payment: £86.49

Total Interest: £11,137.61

Overall Total: £31,137.61

Amortization For Monthly Payment: £86.49 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£634.11 £403.81 £19,596.19 
2026£620.100 £416.92 £19,179.27 
2027£607.46 £430.46 £18,748.81 
2028£593.48 £444.44 £18,304.37 
2029£579.05 £458.87 £17,845.50 
2030£564.15 £473.77 £17,371.72 
2031£548.76 £489.16 £16,882.57 
2032£532.88 £505.04 £16,377.52 
2033£516.48 £521.44 £15,856.08 
2034£499.54 £538.38 £15,317.70 
2035£482.06 £555.86 £14,761.84 
2036£464.01 £573.91 £14,187.93 
2037£445.37 £592.55 £13,595.39 
2038£426.13 £611.79 £12,983.60 
2039£406.26 £631.66 £12,351.94 
2040£385.75 £652.17 £11,699.77 
2041£364.57 £673.35 £11,026.43 
2042£342.71 £695.21 £10,331.21 
2043£320.13 £717.79 £9,613.42 
2044£296.82 £741.10 £8,872.33 
2045£272.76 £765.16 £8,107.16 
2046£247.91 £790.01 £7,317.15 
2047£222.25 £815.67 £6,501.49 
2048£195.77 £842.15 £5,659.33 
2049£168.42 £869.50 £4,789.83 
2050£140.18 £897.74 £3,892.10 
2051£111.03 £926.89 £2,965.21 
2052£80.93 £956.99 £2,008.22 
2053£49.85 £988.07 £1,020.15 
2054£17.77 £1,020.15 £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

£ 18,200

Mortgage Loan to Value

91%

Gross Yield

12%

Annual ROI

14%

Annual Rental Profit

£ 284

Cumulative Rental Profit

£ 2,842

Cost of Purchase

£ 3,200
  • Stamp Duty
    £ 0

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

  • Refurbishment Budget
    £ 500
  • 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

£ 2,116
  • Mortgage Interest
    £ 819

    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)
    £ 317
  • Letting Fee
    £ 240
  • Maintenance
    £ 240
  • 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

£ 12,220
  • Final Equity Profit
    £ 9,378

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

  • Cumulative Rental Profit
    £ 2,842

    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

£ 32,578

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

0 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

July - 2025

MonTueWedThuFriSatSun

Sat Jul 12 2025

GNB Property

10 Minute Meeting

Sat Jul 12 2025

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

Sat Jul 12 2025

A calendar invitation has been sent to your email address.
Message