New shared ownership apartments in Ancoats makes city centre living a reality for first-time buyers

By Manchester's Finest | Last updated 13 February 2024

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A new shared ownership scheme in Ancoats could give those hoping to get on the property ladder the opportunity to part-own a property in one of the country’s most desirable neighbourhoods.

Property developer Latimer is offering up brand new one and two bedroom apartments in its Islington Wharf development, in the buzzing New Islington, just a short walk from the bars and restaurants of Ancoats and the Northern Quarter.

The neighbourhood was recently named as one of the ‘best places to live’ in the UK, according to the Sunday Times’ annual Best Places To Live guide.

Islington Wharf Latimer

Found on the corner of Great Ancoats Street and Old Mill Street, the 15-storey building has been designed by Ryder Architecture, and is home to 106 apartments.

In under five minutes walk, you can experience canal-side living at the transformed Islington Marina, where acclaimed bars, bakeries and restaurants like Flawd, Pollen and Finders Keepers attract foodies and cocktail seekers from all across the city.

Less than five minutes walk in the other direction will see you at the gates of Diecast, the newly-opened bar, restaurant and beer garden that has breathed life into a former foundry building and has become one of the most sought-after dining spots in Manchester.

You’re also just a hop to the vibrant centre of Ancoats, with Blossom Street and Cutting Room Square boasting restaurants like Erst, Elnecot, Hip Hop Chip Shop, Rudy’s and the Michelin-starred Mana.

Islington Wharf Latimer

Meanwhile, the New Islington tram stop is on your doorstep, meaning you can be right in the bustle of the city centre in just a few minutes, and for your daily shop, there’s a new Sainsbury’s branch on the ground floor.

The shared ownership scheme is open to first-time buyers, and means that you can start off your home-owning journey by securing a percentage of a property at a more affordable price.

Share of the apartments start at 35%, meaning that you could part own an apartment in this sought-after neighbourhood for £84,000.

Islington Wharf Latimer

You can then increase your ownership percentage as you go, with deposits for shared ownership mortgages being lower than those on regular mortgages.

Latimer is holding a special event for prospective buyers next month, where they can arrange apartment viewings and talk with advisors about how shared ownership works.

It happens on March 2, from 10am to 5pm. You can book a viewing here…

Latimer is the development arm of Clarion Housing Group, developing private homes in thriving, mixed use communities.

Clarion Housing Group is the UK’s largest provider of affordable housing, with over 125,000 homes and more than 350,000 residents across the country.