1 bedroom apartment for sale
L&Q at Victoria Riverside, Dantzic Street, Manchester, M4 2AD
Share percentage 40%, full price £257,500, £10,300 Min Deposit.
Share percentage 40%, full price £257,500, £10,300 Min Deposit.
Monthly Cost: £1,064
Rent £354,
Service charge £190,
Mortgage £520*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £80,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
Rent paid for up to 3 months when you reserve a new Shared Ownership home between 1 - 30 November*| Listed at 40% Share | Victoria Station is reachable by foot in 10 minutes
Description
SELECTION OF SHARED OWNERSHIP IN MANCHESTER
1 Bedroom Apartments from £247,500...
*Price of £103,000 represents a 40% share of the full market value of £257,500.
L&Q at Victoria Riverside presents a brand new collection of Shared Ownership apartments in Manchester's thriving city centre. Located amidst the vibrant city centre, this iconic development comprises one and two-bedroom apartments in Manchester's up-and-coming Red Bank neighbourhood.
These homes, available in one and two-bedroom options, are located in Victoria Riverside's City View Tower which comprises 17 floors. The building's facade features captivating colours that mirror the breathtaking views visible through the floor-to-ceiling "picture-frame" windows in each apartment, seamlessly blending the essence of the local surroundings with the essence of every home.
Enjoy captivating views of Manchester alongside the vibrant city life. Embrace the surroundings, relish the proximity to the city centre, and explore all that this extraordinary city has to offer.
Residents are well catered for in L&Q at Victoria Riverside with an impressive array of onsite amenities that are rare to find with Shared Ownership homes.
A state-of-the-art gym is kitted out with a full selection of exercise equipment, making for a convenient and complete workout experience right at your doorstep. Comfortably work from home in the flexible communal workspace, great for focus time away from your new home. Sitting in between City View and Park View, the Podium Garden is a lush, green space for relaxing, socialising and working. And for those with a busier lifestyle, the on-site concierge service is exactly what you need to never miss a delivery.
You're not just getting a home at L&Q at Victoria Riverside, you're buying into a lifestyle.
Under the Shared Ownership scheme you part-buy/part-rent your home, making it possible for first-time buyers and families to get on the property ladder.
The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don't own. As your income rises, you can increase the share you own until you eventually own 100%.
The Benefits of Shared Ownership:
- Smaller deposit.
- Lower monthly payments.
- More security than renting.
- Invest in your future – you can ‘staircase’ to increased ownership and either profit from, or fully own your home.
- The same benefits as an outright owner of a new build home – a blank canvas to make your own.
*Shared Ownership terms and conditions apply. Please visit lqhomes.com/sharedownership for more information. Prices start from £66,250 for a 25% share at L&Q at Beam Park. Incentive terms and conditions apply. For full terms and conditions visit lqhomes.com/offers.
Council Tax Bands will be confirmed upon completion of the property. To view the council tax bands in Manchester refer to Manchester City Council's website or ask your sales advisor for more information.
Images used solely for illustrative purposes only and may differ from the actual house type or plot. Please speak to our Sales Advisor for more information.
Key Features
- Rent paid for up to 3 months when you reserve a new Shared Ownership home between 1 - 30 November*
- Available now - contact our sales team to book an appointment to view!
- Access to on-site amenities including concierge, state of the art gym and communal workspace
- Large picture frame windows, offering stunning views of Manchester city centre
- Fully inclusive specification included, with two contemporary colour palettes to choose from
- Lush podium gardens to enjoy, only moments from your apartment
- Paths and cycle routes on your doorstep
- First phase of a new up and coming neighbourhood
- Victoria Station is reachable by foot in 10 minutes
- Excellent transport links with train, car, bus & tram
Particulars
Tenure: Leasehold
Lease Length: 790 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document Floor Plan BrochureMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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.
Share percentage 40%, full price £257,500, £10,300 Min Deposit. Calculated using a representative rate of 4.59%
