2 bedroom apartment for sale
William Sutton Building, 4 Old Mill Street, Manchester, M4 6NA
Share percentage 25%, full price £360,000, £9,000 Min Deposit.
Share percentage 25%, full price £360,000
Monthly Cost: £1,346
Rent £665, Service charge £201, Mortgage £480*
Calculated using a representative rate of 5.13%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A spacious, second-floor apartment that has a twenty-seven-foot reception room with attractive flooring, Juliette balcony and smart, modern kitchen with handle-less units and integrated appliances. There is a large main bedroom with fitted wardrobe and en-suite shower room plus a generously-sized second double bedroom and a stylish bathroom. A built-in storage/utility cupboard has been provided in the entrance hallway and the energy-efficiency rating is very good, thanks to demanding insulation standards and high performance glazing. The William Sutton Building is part of the recently-constructed Islington Wharf development which is just minutes from the New Islington Tram Stop and only a short Walk from Piccadilly Station. A Sainsbury's Local occupies the ground-floor retail unit, there is a larger supermarket close by plus popular bakeries, bars and restaurants. The city centre is also within easy reach. The property is held on a very long lease.
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £360,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/57r3deyb]
(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 (995 years less 20 days from 09/08/2021).
Minimum Share: 25% (£90,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £664.88 per month (subject to annual review).
Service Charge: £200.90 per month (subject to annual review).
Guideline Minimum Income: Dual - £41,900 | Single - £48,100 (assuming minimum share purchased and 10% deposit)
Council Tax: Band D, Manchester 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 may be permitted but only with prior consent from Clarion (which, unfortunately, can only be obtained once you are the property owner).. There is no parking space offered with this property.
Key Features
- Guideline Minimum Deposit £9,000
- Guide Min Income Dual £41.9k | Single £48.1k
- Second Floor (building has two lifts)
- Approx. 870 Sqft Gross Internal Area
- Juliette Balcony
- Bathroom plus En-suite Shower Room
- Very Good Energy Efficiency Rating
- Short Walk from Piccadilly Station
- City Centre Within Easy Reach
- Very Long Lease
Particulars
Tenure: Leasehold
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan BrochureThe ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.
- 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.
Share percentage 25%, full price £360,000, £9,000 Min Deposit. Calculated using a representative rate of 5.13%
Calculate estimated monthly costs