Pall Mall House, 18 Church Street, Manchester M4 1PN

£21,250 Shared Ownership

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  • Guideline Minimum Deposit £2,125
  • Guideline Income Dual £29.1k | Single £34.1k
  • Second Floor
  • Dual-Aspect Reception Room
  • Open-Plan Kitchen
  • Modern Double Glazing
  • City Centre Location
  • Short Walk from Victoria/Piccadilly Stations

General Description

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

 

SHARED OWNERSHIP (Advertised price represents a reduction in value of the 12.5% minimum share available £21,250 ONO. Full market value £179,000). A great chance to buy a shared-ownership apartment in such a convenient, central location and the low share percentage means only a small deposit is needed. This development is of mostly modern construction but retained the grand, 100-year-old façade and elegant entrance lobby. The property available is on the second floor and features a dual-aspect (south and west facing) reception room with open-plan kitchen. The bedrooms are both doubles, there is a contemporary bathroom and a spacious hallway. Church Street is right in the heart of Manchester's Northern Quarter. There is a superb range of shops and restaurants along with many other amenities. Victoria and Piccadilly Stations are both within easy walking distance.

Please Note: Social distancing restrictions have made floorplan production impractical. The room sizes and floorplan included in these details are from the original marketing brochure and should be considered approximate only.

 

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; https://bit.ly/2W9s20d]

(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.)

 

Tenure: Leasehold (125 years from 2006)
Minimum Share: 12.5% (£21,250).
Shared Ownership Rent: £775.36 per month (Subject to annual review).
Service Charge: £157.89 per month (Subject to annual review).
Combined Admin and Insurance Fee: £166.91 per month (Subject to annual review).
Guideline Minimum Income: Dual £29,100 Single £35,800 (based on minimum share and 10% deposit)
Council Tax: Band C, Manchester. 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 (except assistance animals).

Dimensions

Reception
14' 9" x 17' 0" (4.50m x 5.20m)
Kitchen
included in reception measurement
Bedroom ( Bedroom 1 )
10' 9" x 10' 5" (3.30m x 3.20m)
Bedroom ( Bedroom 2 )
6' 10" x 13' 1" (2.10m x 4.00m)
Bathroom
Energy Effeciency Rating

Floorplans


Shared Ownership

WHAT IS SHARED OWNERSHIP ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and Homes England outside of London.

IS SHARED OWNERSHIP FOR YOU ?
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
 Not own another property in the UK or any other country.
 Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
 Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
 Be in full time permanent employment.
 Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
 Have a good credit history.
If you are still unsure about Shared Ownership or would like more information view [ Facts and Frequently Asked Questions]

Location

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