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44, Bury Old Road, Whitefield, Greater Manchester, M45 6TL
£240,000 Offers in excess of
Bedrooms
Bathrooms
Reception
Philip Ellis Estate Agents are delighted to present to the market this Contemporary One Bedroom Apartment Located in the Popular Local Blackfriars Development, within walking distance of Manchester City Centre.This stylish apartment is situated within a beautiful development that boasts an excellent location.
This spacious apartment has open plan living, dining and kitchen area complete with patio doors that lead onto a private balcony. On the right there is a double bedroom, with a three-piece ensuite shower room.
The development benefits from secure fob access, a concierge, communal lift and a lovely communal garden.
It also boasts access to a gym, yoga studio, cinema room and communal workspace!
An artistic array of amenities are found nearby, including cafes, pubs, shops and restaurants the Black Friar is also just a short walk away!
Viewing is highly recommended to appreciate this convenient apartment get in touch to secure your viewing today!
Current rent 1150 PCM
Ground Rent 350 per Annum
Service Charge 550 per Quarter.
Dont delay call Philip Ellis today 0161 773 1011
Disclaimer
This brochure and property details are a representation of the property offered for sale or rent, as a guide only. Brochure content must not be relied upon as fact and does not form any part of a contract. Measurements are approximate. No fixtures or fittings, heating system or appliances have been tested, nor are they warranted by Philip Ellis Estate and lettings or any staff member in any way as being functional or regulation compliant. Philip Ellis Estate And Lettings do not accept any liability for any loss that may be caused directly or indirectly by the brochure content, all interested parties must rely on their own, their surveyors or solicitors findings. We advise all interested parties to check with the local planning office for details of any application or decisions that may be consequential to your decision to purchase or rent any property. Any floor plans provided should be used for illustrative*
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £1,037.92
Total Interest: £133,651.37
Overall Total: £373,651.37
Amortization For Monthly Payment: £1,037.92 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £7,609.34 | £4,845.71 | £235,154.29 |
| 2026 | £7,451.98 | £5,003.06 | £230,151.23 |
| 2027 | £7,289.52 | £5,165.53 | £224,985.70 |
| 2028 | £7,121.77 | £5,333.27 | £219,652.43 |
| 2029 | £6,948.58 | £5,506.46 | £214,145.96 |
| 2030 | £6,769.77 | £5,685.28 | £208,460.69 |
| 2031 | £6,585.15 | £5,869.90 | £202,590.79 |
| 2032 | £6,394.53 | £6,060.52 | £196,530.27 |
| 2033 | £6,197.72 | £6,257.32 | £190,272.95 |
| 2034 | £5,994.53 | £6,460.52 | £183,812.43 |
| 2035 | £5,784.73 | £6,670.31 | £177,142.12 |
| 2036 | £5,568.12 | £6,886.92 | £170,255.19 |
| 2037 | £5,344.48 | £7,110.57 | £163,144.63 |
| 2038 | £5,113.57 | £7,341.47 | £155,803.16 |
| 2039 | £4,875.17 | £7,579.87 | £148,223.28 |
| 2040 | £4,629.03 | £7,826.02 | £140,397.26 |
| 2041 | £4,374.89 | £8,080.16 | £132,317.10 |
| 2042 | £4,112.50 | £8,342.55 | £123,974.55 |
| 2043 | £3,841.58 | £8,613.46 | £115,361.09 |
| 2044 | £3,561.87 | £8,893.17 | £106,467.92 |
| 2045 | £3,273.08 | £9,181.96 | £97,285.96 |
| 2046 | £2,974.91 | £9,480.13 | £87,805.82 |
| 2047 | £2,667.06 | £9,787.99 | £78,017.83 |
| 2048 | £2,349.21 | £10,105.84 | £67,911.99 |
| 2049 | £2,021.03 | £10,434.01 | £57,477.98 |
| 2050 | £1,682.21 | £10,772.84 | £46,705.14 |
| 2051 | £1,332.37 | £11,122.67 | £35,582.47 |
| 2052 | £971.18 | £11,483.86 | £24,098.60 |
| 2053 | £598.26 | £11,856.79 | £12,241.82 |
| 2054 | £213.23 | £12,241.82 | £0.00 |
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.
44, Bury Old Road, Whitefield, Greater Manchester, M45 6TL
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Wed Apr 30 2025
All confirmed! We look forward to speaking with you.
Wed Apr 30 2025
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