2 bed flat for sale

William Sutton Building, 4 Old Mill Street, Manchester M4

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

Interested parties are required to complete the shared ownership common application form [ ]

(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).

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:

1. Not own another property in the UK or any other country.
2. 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.
3. 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).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.

Reception

27' 6" max. X 10' 8" max. (8.39m x 3.25m)

Kitchen

Included in reception measurement

Bedroom 1

20' 3" max. X 9' 2" (6.17m x 2.80m)

En-Suite Shower Room

7' 0" max. X 5' 1" max. (2.14m x 1.54m)

Bedroom 2

16' 0" x 9' 2" (4.87m x 2.80m)

Bathroom

7' 0" max. X 6' 9" max. (2.14m x 2.05m)