Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£160,000
Bedrooms
Bathrooms
'' Offered with NO ONWARD CHAIN ''
Welcome to this spacious and modern second-floor apartment located in the highly sought-after Quay 5 development on Ordsall Lane, Salford. Perfectly positioned between Salford Quays and Manchester city centre, this beautifully presented property offers contemporary living with excellent access to local amenities and transport links.
Upon entering, youre greeted by a generous entrance hallway that flows into a fantastic open-plan living, kitchen, and dining area. The space is ideal for both relaxing and entertaining, with large windows allowing natural light to flood in. The stylish fitted kitchen features integrated appliances and ample cupboard space, while the adjoining living area opens out onto the properties balcony.
The apartment boasts two well-proportioned double bedrooms, making it an excellent choice for professionals, couples, or sharers. The main bedroom benefits from a separate dressing area. Completing the accommodation is a modern three-piece white bathroom suite.
Additional benefits include secure allocated parking within a gated development, double glazing, and electric heating throughout.
Quay 5 enjoys a prime location just off Ordsall Lane, providing easy access to both Salford Quays and Manchester city centre. With a variety of shops, restaurants, and leisure facilities nearby, everything you need is right on your doorstep. MediaCityUK, the Lowry Theatre, and the beautiful waterside walkways of Salford Quays are just a short distance away. Excellent transport links, including tram stops, bus routes, and major road networks, make commuting in and out of the city a breeze.
EPC Grade C
Leasehold - 978 years remaining
Service Charge: 1,900 PA
Ground Rent 110 PA
Council Tax Band B
Material Information;
Roof type: Block of flats
Mobile signal/coverage: Very good
Flooded in the last 5 years: No
Does the property have flood defences? No
Building Safety: N/A
Construction materials used: Brick
Water source: Mains
Electricity source: Mains
Sewerage arrangements: Mains
Heating Supply: Electric heaters
Broadband internet type: Fibre optic
Is the property listed: No
Does the property have required access (easements, servitudes, or wayleaves)? No
Do any public rights of way affect your property or its grounds? No
Parking Availability: One allocated parking spot within a gated compound. There are also several spare/visitor slots.
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
