2 bedroom apartment for sale

Available

William Sutton Building, 4 Old Mill Street, Manchester, M4 6NA

£228,000 Shared Ownership Resale

Share percentage 60%, full price £380,000, £22,800 Min Deposit.

Available
2 bedrooms
2 Bathrooms
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£228,000 Shared Ownership Resale

Share percentage 60%, full price £380,000

Monthly Cost: £1,803

Rent £355, Service charge £233, Mortgage £1,215*

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

This smartly-presented apartment is on the fifth floor and has a twenty-seven-foot reception room with a Juliette balcony at one end and a stylish, modern kitchen at the other. Both bedrooms are generously sized and one also features a fitted wardrobe and an attractive en-suite shower room. The main bathroom is similarly sleek and high-spec and a large storage/utility cupboard has been provided in the entrance hallway. The William Sutton Building is part of the recently-constructed Islington Wharf development and the well insulated walls and high performance glazing make for a very good energy-efficiency rating. New Islington Tram Stop is just minutes away and Piccadilly Station within easy walking distance. A Sainsbury's Local occupies the ground-floor retail unit, there is a larger supermarket close by plus popular bakeries, bars and restaurants. The property is held on a very long lease and this particular apartment comes with use of an allocated, off-street parking space.

SHARED OWNERSHIP (Advertised price represents 60% share. Full market value £380,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/rf4s2kzu]

(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: 60% (£228,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £354.61 per month (subject to annual review).
Service Charge: £233.15 per month (subject to annual review).
Guideline Minimum Income: Dual - £61,200 | Single - £70,500 (based on minimum share 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).

Key Features
  • Guideline Minimum Deposit £22,800
  • Guide Min Income Dual £61.2k | Single £70.5k
  • Fifth Floor (building has a lift)
  • Approx. 833 Sqft Gross Internal Area
  • Spacious, Open-Plan Kitchen/Reception
  • Two Generously-Sized Bedrooms
  • Bathroom plus En-Suite Shower Room
  • Very Good Energy Efficiency Rating
  • Parking Space
  • Excellent Access to Public Transport
Particulars

Tenure: Leasehold
Council Tax Band: D

Property Downloads
Key Information Document Floor Plan Brochure
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.

£228,000
Shared Ownership Resale
Estimated Monthly Cost:£1,803
Rent £355
Service £233
Mortgage £1,215

Share percentage 60%, full price £380,000, £22,800 Min Deposit. Calculated using a representative rate of 5.13%

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.