20 Downley Drive, Ancoats, M4 7JU
View Map£154,000 for a 35% share with Shared Ownership
What is Shared Ownership?
Shared Ownership lets you buy a share of your home and pay a rent on the rest. It’s designed to make the property ladder more affordable without needing a huge deposit or a large mortgage. Once you’ve bought your share, you’re a homeowner and that means you can decorate, personalise and properly settle in, it’s your space, no-one else’s.
You’re not dealing with short rental agreements, unexpected rent hikes or the worry of being asked to move out. It gives you the stability and freedom that renting often can’t offer and because you’re only buying a portion of the home to start with, it’s a fantastic step into home ownership.
If your circumstances change in the future, you also have the option to buy more of your home over time. There’s no pressure to do so, just the flexibility to increase your share when it suits you.
Keen to learn more about Shared Ownership & Plumlife Homes, check out our Guide to Shared Ownership in the documents section of this listing or contact us directly.
Historically known as the world’s first industrial suburb, Ancoats is now a premier, pedestrian-friendly neighborhood just steps from Manchester city centre and the Northern Quarter. It perfectly blends gritty 18th-century mill architecture with modern urban luxury. With the City Centre right on your doorstep, there is an abundance of popular amenities and shops available within walking distance of Mulino Walk. The area also benefits from a number of stunning green spaces such as New Islington Green, Cotton Field Park and Ashton Canal Park.
Ground Floor
Entrance Hall – 8’3’’ x 5’2’’
Lounge – 14’4’’ x 9’8’’
Downstairs WC – 5’2’’ x 4’
Dining Kitchen – 22’3’’ x 11’1’’
First floor
Landing
Storage Cupboard – 7’5’’ x 4’4’’
Bedroom Two – 14’8’’ x 10’8’’
Bedroom Three – 14’8’’ x 8’
Family Bathroom – 7’7’’ x 6’4’’
Second Floor
Bedroom One – 18’1’’ x 14’7’’
Work out the typical monthly costs of buying a Shared Ownership home using our handy affordability calculator. Simply input the value of the property you are interested in, select a share percentage, complete the remaining details, and the calculator will provide you with an example of what you can expect to pay on a monthly basis.
Please note, these figures are applicable to new build homes only and not resale properties.
*The deposit is set to 5% of the share price
Monthly Mortgage Costs:
Monthly Rental Costs:
Total monthly costs:
Share Value
Mortgage amount
* Other fees not shown in calculations ** This a guide only, not actual mortgage advice.
