Property Details

2 bedroom flat for sale For Sale

Islington Wharf, Old Mill Street, Manchester, M4

£120,925

ROI = 0% BMV = 0%

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Description

Welcome to Islington Wharf, set in Manchester’s Ancoats, New Islington. We have a collection of two bedroom contemporary apartments in the heart of this buzzing and increasingly fashionable neighbourhood. These apartments are available to buy as part of the Shared Ownership Scheme. Floor-to-ceiling windows fill the apartment with gleams of natural light. This spacious two bedroom apartment comprises entrance hallway, with secure video door entry system, with large utility and storage cupboard housing a washer/dryer, leading to a spacious open-plan kitchen and dining area and living room. With a large master bedroom including fitted wardrobe, storage is aplenty. The master bedroom also benefits from an ensuite bathroom with shower. Cormar grey carpeting gives a soft and warm finish to the bedrooms. The second double bedroom is also a generous size. Vinyl flooring throughout the rest of the apartment. These apartments also come with fitted roller blinds to all windows. Islington Wharf is a major part of this resurgence, and the waterside element is a big part of its appeal. The canal brings a touch of tranquillity and breathing space to the urban setting, and there’s a marina tucked away in the middle of it all. Everywhere, there’s a successful mix of old and new, the refurbished textile mills standing alongside gleaming new apartment buildings. It has become a real neighbourhood, complete with homes, shops, places to work, and green open space. Manchester has so much to offer. We’re very pleased to be able to add to its attractions with these superb modern apartments within easy walking or Metro distance to the centre of the city. What is Shared Ownership? Shared ownership could be your step on to the property ladder. This home ownership scheme allows you to purchase a share in your home and rent the remaining unowned share. Over time, in most cases you can buy more shares in your home but restrictions may apply in some locations. Starting from as little as 25%, and rising up to 75% of the property’s value. You then pay subsidised rent to Latimer on the remaining share of your home. Example: Full Market Value £345,500 Share For Sale: 35% (£120,925) Rent Payable on Remaining Share: £514.65* per month Length of Lease: 990 Ground Rent: £0 Monthly Estimated Service Charge £173.14 Date of next review 2025 Example is for Apartment 06.03, plot type 2A * the monthly rent figure is the percentage of the initial value of the share not purchased, and is subject to annual increase in line with RPI +0.5% **Photos included in this listing are for illustration purposes and may not be of exact plot type.

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