1 bedroom apartment for sale

Available

High Definition, 3 Red, Media City, M50 2AQ

£52,625 · Shared Ownership Resale

Share percentage 25%, full price £210,500, £5,263 Min Deposit.

Available
1 bedroom
1 Bathroom
Communal Terrace
Floor plan
floor-plan
Floor plan
floor-plan
£52,625 Shared Ownership Resale

Share percentage 25%, full price £210,500, £5,263 Min Deposit.

Monthly Cost: £833
Rent £396, Service charge £170, Mortgage £267*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Summary

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

Description

A one-bedroom apartment on the tenth floor of this recently-constructed development. The property has a reception room with attractive flooring and a stylish, semi-open-plan kitchen featuring handle-less units and integrated appliances. There is a fitted wardrobe in the bedroom and a sleek, modern, high-spec bathroom. Demanding insulation standards and high performance glazing contribute towards a very good energy-efficiency rating. The apartment is minutes from the Media City Tram Stop, only a short walk from the impressive Alchemist Cocktail Bar plus the shops, restaurants, cinema and arts complex just across the footbridge. Residents can also make use of the concierge and smart communal areas within the development including the spacious entrance lobby, lounge and terrace.

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £210,500).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/mr48tydr]

(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 (250 years from 2020).
Minimum Share: 25% (£52,625). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £395.81 per month (subject to annual review).
Service Charge: £169.86 per month (subject to annual review).
Guideline Minimum Income: Dual - £25,700 | Single - £28,500 (based on minimum share and 10% deposit).
Council Tax: Band C, Salford 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 only permitted with prior written consent from the housing association, managing agent or freeholder (except assistance animals). There is no parking space offered with this property.

Key Features
  • Guideline Minimum Deposit £5,262.50
  • Guide Min Income - Dual £25.7k Single £28.5k
  • Tenth Floor
  • Approx. 511 Sqft Gross Internal Area
  • High Energy-Efficiency Rating
  • Concierge, Communal Lounge and Terrace
  • Minutes from Media City Tram Stop
  • Long Lease
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Brochure
Map
Media City Metrolink (0.32 miles) Broadway Metrolink (0.38 miles) Langworthy Metrolink (0.55 miles)
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 and repairs for communal areas within your development.
  • Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.

NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.

£52,625
Shared Ownership Resale
Estimated Monthly Cost:£833
Rent £396
Service Charge £170
Mortgage £267

Share percentage 25%, full price £210,500, £5,263 Min Deposit. Calculated using a representative rate of 4.64%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.