City Point, Chapel Street, Salford, M3

Investment Highlights
 Current Market Value: £109,950
 Investor Price: £82,463
 Discount: 25%
 Mortgage: just £295.49
 Rental: £450 pcm
 Cash Positive: £154.51 pcm
 Packaging fee: £4,500 +VAT
 Property Overview
This one bedroom apartment is situated on the corner of Trinity Way and Chapel
Street (A6), which lies to the west of Manchester City Centre. This desired location
provides a comprehensive range of shops, bars, restaurants. Public transport links
include Salford Central Rail Station together with local bus services serving the
surrounding area. Recreational pursuits can be found within the city centre.

Property Information
Number of Bedrooms 1

Property Age Unknown

Type of Property Apartment

If Apartment – How many floors does the building have 5

What floor is the Apartment on 1

Are there any commercial units below? If yes what type? No

Type of Construction Unknown

Freehold or Leasehold Leasehold

Length remaining on Lease 100 +

Service Charge and Ground Rent Unknown

What type of heating does the property have? GCH

If Gas Central Heating – What type of Boiler? How old is the boiler? Unknown

Double Glazed? Yes

How long has the owner owned the property? Unknown

Has the Property had any extension or alterations? No

Do the alterations have Planning permission and Building Reg’s N/A

Certificate?
What is included in the Kitchen Range of Kitchen units
with Oven & Hob
Does the Property have a Garage or Parking? Unknown

Is the property owner occupied? No

Pictures
 Local Area
Salford lies at the heart of the City of Salford, a metropolitan borough of Greater
Manchester, in North West England. Salford is sited in a meander of the River Irwell,
which forms its boundary with the city of Manchester to the east. Together with its
neighbouring towns to the west, Salford forms the local government district of the
City of Salford, which is administered from Swinton. The former Borough of Salford,
which included Broughton, Pendleton, and Kersal, was granted honorific city status
in 1926; it has a resident population of 72,750 and occupies an area of 8.1 square
miles (21 km2). The wider City of Salford district has a population of 219,200.

Local Area Map

 Neighbourhood Profile
Family income High
Often, many of the people who live in Interest in current affairs Very high
this sort of postcode will be suburban Housing - with mortgage Medium
privately renting professionals. These
Educated - to degree level Very high
are known as type 19 in the ACORN
classification and 1.09% of the UK's Couples with children Very low
population live in this type. Have satellite TV Very low

Neighbourhoods fitting this profile are found in Richmond-upon-Thames, Sutton

and Bromley in Outer London, and in Cheltenham, St Albans and Guildford.
These young people have made a lifestyle choice to reside close enough to the
major conurbations to obtain the benefits of the city without actually living in its
centre. In their twenties and early thirties, they are well educated and are
developing their careers in professional and managerial jobs.

They are living in purpose built flats in attractive suburbs and satellite towns. Many
are still renting, although some have purchased their homes.

They use diverse means to get around. Where possible they will travel to work by
public transport, by bike or on foot. However, the majority do have a car and will
often buy new, expensive models.

These people are very comfortable using the Internet in all aspects of their life
including financial services, purchasing gifts, CDs and books and booking their
holidays and leisure activities on-line.

For holidays, the USA, Canada and other long haul destinations are popular, as are
weekend breaks and winter snow holidays. In their spare time they enjoy sport and
exercise. They also like spending their money on shopping for clothes and eating
out.

They are interested in current affairs, and whilst they tend to read mainly the
broadsheet papers, they show no bias to any particular title.
Due Diligence

Sales Comparables
Properties within a 1 mile radius of this property.
Source: Rightmove

1 Bedroom Apartment
Green View, Salford
£109,950

1 Bedroom Apartment
Granby House
£112,500

1 Bedroom Apartment
City Point
£119,950
Due Diligence

Rental Comparables
Properties within a 1 mile radius of this property.
Source: Rightmove

1 Bedroom Apartment
Abito
£475 pcm

1 Bedroom Apartment
Emmeline
£475 pcm

1 Bedroom Apartment
Ludgate Hill
£525 pcm
 Deal Structure
Market Value: £109,950
Purchase Price: £82,463
Mortgage Borrowing LTV:75% £82,463
Additional Deposit required from you: £0
Mortgage Payment@ 4.3%: £ 295.49pcm
Market Rent: £450 pcm
Actual Rent: £0
Tenanted: No
Packaging fee:* £4,500+ VAT
•Packaging fee covers all legal, bridging and broker fees. The client will pay the valuation fee
directly to the lender.

How to secure this deal

Email: info@markianson.com
Or call 08456 434 595

Mark I’Anson Property

183 Watling Street West • Towcester • Northamptonshire • NN12 6BX
www.markianson.com

Mark I’Anson Property is not a regulated or licensed investment or financial advisor. Whilst we endeavour to provide accurate, up
to date and complete information, we make no warranties or representations as to the accuracy, reliability or completeness or
otherwise of the information and assume no responsibility or liability for any omissions or errors. As such, all information provided
by Mark I’Anson Property should be only be regarded as an indicator and a general guide and should not be relied on as a
statement, recommendation or representation of fact. Any interested parties are advised to satisfy themselves as to the accuracy
on any information they receive by carrying out independent assessments or otherwise before making any commitment to
participate. Mark I’Anson Property have no control over the Banks or financial institutions that arrange lending and terms and
conditions can change at any time. International Property Success cannot be held responsible for any such changes. If the property
is down valued, MIP will do their upmost to re-negotiate the deal, however this is not always possible and in this case you would
lose your valuation fee.