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    Melton Road, Manchester, M8

    Offers In Excess Of £60,000Leasehold

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    Property Calculators

    Property Value (£)
    Deposit (£) 10.00%
    Duration (Years)
    Interest Rate (%)

    Mortgage

    Estimated Monthly Mortgage Payment:
    £300 /mo.
    25 Years, 4.5% Interest
    Loan
    £54,000
    Total Repay
    £90,045

    Stamp Duty

    You’ll have to pay the stamp duty of:
    £0
    0% up to £60,000
    Your effective stamp duty rate is 0%

    If you would like to discuss your options with one of our expert mortgage advisors, click the link below.

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    Offers In Excess Of £60,000

    Flat

    Melton Road, Manchester, M8

    1 Bedroom1 Bathroom1 Reception

    Key Information

    Tenure:Leasehold
    Service charge:£1,188 per year
    Ground rent:Not available
    Time remaining on lease:69 years
    Council tax band:A
    Broadband:up to 1000Mbps
    Mobile signal:*Based on indoor data coverage
    EEO2ThreeVodafone

    Key Features

    Exclusively Over 55's Development
    Shared Ownership
    Excellent Location
    One Bedroom Flat
    Spacious Lounge / Diner
    Communal gardens
    Accessible Via Stairs

    Description

    Situated in a highly sought-after development exclusively for the over-55s, this well-positioned first-floor flat offers comfortable and low-maintenance living in a prime location just off Middleton Road.

    The property features a bright and spacious lounge, a well-proportioned bedroom, a functional kitchen, and a well-appointed bathroom. Designed with ease of living in mind, it benefits from vacant possession, making for a smooth and hassle-free move.

    Set within beautifully maintained communal gardens, the development provides a peaceful outdoor retreat for residents. Additional storage is available with an external storeroom, and there is convenient parking at the front of the property. For added reassurance, the home is also equipped with a Careium warden call system, with full details provided upon completion.

    This is a fantastic opportunity to join a friendly and well-regarded community, ideal for those looking to downsize or enjoy a relaxed lifestyle in a desirable location.

    Key Details:

    🏡 Shared Ownership Details

    • Ownership: The current owner holds a 60% share, which will be transferred to the new buyer. The remaining 40% is owned by Jigsaw Homes, with rent payable on that portion.

    • Lease: 70 years remaining

    • You can increase your ownership up to 75%, at which point no rent is payable on the remaining share.

    💷 Financials

    • Purchase Price for 60% Share: £66,000

    • Rent on Remaining 40% Share: £30.14 per month

    • Service Charge: £107.88 per month

    • Total Monthly Cost: £138.02

    ✅ Eligibility Criteria

    To be eligible, you must:

    • Be 55 years or over

    • Meet at least one of the following:

    • A first-time buyer

    • Previously owned a home but can no longer afford to buy one

    • Forming a new household (e.g., after a relationship breakdown)

    • An existing shared owner looking to move

    • Currently own a home but cannot afford to buy a new one to meet your needs

    If you currently own a property, you must sell it before or at the same time as your shared ownership purchase. Financial and credit history checks will be carried out as part of the application process.

    🏠 Subletting & Renting Rules

    You can rent out a room, provided you continue to live in the property.

    You cannot sublet the entire home unless:

    • You have permission from Jigsaw Homes, which is only granted in exceptional circumstances.

    • You have permission from your mortgage lender, if applicable.

    This charming and well-located flat presents an excellent opportunity for affordable, independent living in a supportive community. Early viewing is highly recommended!

    Kitchen

    Lounge / Diner

    Hallway

    Bedroom One

    Bathroom

    Manchester Jewish School for Special Education
    (0.2 miles)
    Good
    Number of pupils: 29
    Age Range: 4 - 25
    The King David High School
    (0.26 miles)
    Requires improvement
    Number of pupils: 779
    Age Range: 11 - 18
    OYY Lubavitch Boys School
    (0.27 miles)
    Requires Improvement
    Number of pupils: 49
    Age Range: 5 - 16
    Tashbar of Manchester
    (0.27 miles)
    Requires Improvement
    Number of pupils: 510
    Age Range: 3 - 12
    King David Primary School
    (0.28 miles)
    Outstanding
    Number of pupils: 425
    Age Range: 3 - 11
    Mechinoh School
    (0.3 miles)
    Requires Improvement
    Number of pupils: 69
    Age Range: 11 - 16
    Manchester Junior Girls' School
    (0.38 miles)
    Good
    Number of pupils: 243
    Age Range: 3 - 13
    Crumpsall Lane Primary School
    (0.43 miles)
    Good
    Number of pupils: 423
    Age Range: 3 - 11
    Toras Emes
    (0.45 miles)
    Requires Improvement
    Number of pupils: 251
    Age Range: 3 - 11
    Manchester Jewish Community High School
    (0.47 miles)
    Number of pupils: 35
    Age Range: 11 - 13