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2 bedroom apartment for sale

Available

Grapnel Apartments, 31 Furness Quay, Salford, M50 3DD

£91,000 Shared Ownership Resale

Share percentage 35%, full price £260,000, £9,100 Min Deposit.

Available
2 bedrooms
2 Bathrooms
Floor plan
floor-plan
Floor plan
floor-plan
£91,000 Shared Ownership Resale

Share percentage 35%, full price £260,000

Monthly Cost: £1,098

Rent £418, Service charge £195, Mortgage £485*

Calculated using a representative rate of 5.13%

Calculate estimated monthly costs

£
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Summary

A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis

Description

A smartly-presented apartment on the fourth floor of this recently-constructed development. The property has a twenty-four-foot, dual-aspect reception room with Juliette balcony. The spacious, open-plan kitchen area features sleek, white units and integrated appliances. There is a main bedroom with fitted wardrobe and en-suite shower room plus a generously-sized second double bedroom, a stylish bathroom and a hallway storage/utility cupboard. Well insulated walls and high performance glazing make for a good energy-efficiency rating. Grapnel Apartments is just minutes from the Salford Quays tram stop (Eccles/Blue Line) and the Quays Shopping Centre within easy walking distance. Other amenities such as Salford Watersports Centre and the Lowry Theatre can also found nearby.

SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £260,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/5n7c9yf6]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: Clarion.
Tenure: Leasehold (996 years and 3 months from 25/09/2019).
Minimum Share: 35% (£91,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £417.61 per month (subject to annual review).
Service Charge: £195.11 per month (subject to annual review).
Guideline Minimum Income: Dual - £34,200 | Single - £40,400 (based on minimum share and 10% deposit).
Council Tax: Band C, Salford City Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted. There is no parking space offered with this property.

Key Features
  • Guideline Minimum Deposit £9,100
  • Guide Min Income Dual £34.2k | Single £40.4k
  • Fourth Floor (building has a lift)
  • Approx. 760 Sqft Gross Internal Area
  • Dual Aspect Reception Room
  • Open Plan Kitchen
  • Two Good-Sized Double Bedrooms
  • Bathroom plus En-Suite Shower Room
  • Good Energy Efficiency Rating
  • Very Long Lease
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Brochure
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Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£91,000
Shared Ownership Resale
Estimated Monthly Cost:£1,098
Rent £418
Service £195
Mortgage £485

Share percentage 35%, full price £260,000, £9,100 Min Deposit. Calculated using a representative rate of 5.13%

Calculate estimated monthly costs

£
Disclaimer
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.