Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

Read more about Shared ownership (Opens in new window)

Piercy Street, 4 bed homes


Piercy Street, Manchester, Manchester City, M4 7HY

Shared ownership

Starting prices

35% share from
£155,750
Full price
£445,000
Minimum deposit
£7,788
Monthly rent
£663

Overview

Introducing Piercy Street in New Islington, a modern new collection of x4, four bedroom townhouses set aside specifically for shared ownership.

Part of a larger development by Urban Splash consisting of 17 new townhouses in the heart of New Islington, Manchester.

Shared Ownership is a part-buy, part-rent scheme for people who can't afford to buy a home with a commercially-available mortgage. It's backed by the government, and is a way to buy a share in a home now with the option to buy more of it in the future. You'll need a minimum level of income/savings depending on the value of the home you want to buy.

If you're interested in one of these properties, please contact us and register your interest to be kept up to date with the development.

*CGI is property of Urban Splash and is for illustrative purposes only.


Local area information

Set in an enviable location within the heart of the thriving part of New Islington overlooking Ashton Canal, these urban canal side homes puts you in the perfect position to enjoy all that the Manchester city centre has to offer.

With the buzzing city centre close by, word-class concerts, acclaimed restaurants, famous theatres, heralded clubs and streets lined with a tantalising mix of stores and stalls which are right there waiting for you.

Just over a ten-minute walk to the trendy Northern Quarter full of bohemian bars, quirky cafes and independent shops so whether you’re a fanatical foodie or just culturally curious these homes are ideally located to suit everyone.

The area offers great transport links including the New Islington Metrolink stop just a few minutes' walk away. It is just a ten-minute stroll along the canal to Piccadilly Train Station.

Piercy Street is within easy reach of the Manchester ring road, linking to the M60 which connects to all major motorway networks across the North and beyond. Manchester Airport is just 20 minutes away by train from Manchester Piccadilly train station or 25 minutes' drive via the A5103.


Plot availability

Plot number 1
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 35%
Minimum share price £155,750
Full market price £445,000
Monthly rent £663
Monthly service charge TBC
Ownership Leasehold
  • Modern handless kitchen suite
  • Contemporary bathroom suite with ceramic wall tiles
  • High quality vinyl flooring to bathrooms
  • Indesit integrated fridge freezer
  • Indesit integrated dishwasher
  • Allocated parking space
  • Rear garden
  • Checkmate 10 year new home warranty
Plot number 2
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 35%
Minimum share price £155,750
Full market price £445,000
Monthly rent £663
Monthly service charge TBC
Ownership Leasehold
  • Modern handless kitchen suite
  • Contemporary bathroom suite with ceramic wall tiles
  • High quality vinyl flooring to bathrooms
  • Indesit integrated fridge freezer
  • Indesit integrated dishwasher
  • Allocated parking space
  • Rear garden
  • Checkmate 10 year new home warranty
Plot number 3
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 35%
Minimum share price £155,750
Full market price £445,000
Monthly rent £663
Monthly service charge TBC
Ownership Leasehold
  • Modern handless kitchen suite
  • Contemporary bathroom suite with ceramic wall tiles
  • High quality vinyl flooring to bathrooms
  • Indesit integrated fridge freezer
  • Indesit integrated dishwasher
  • Allocated parking space
  • Rear garden
  • Checkmate 10 year new home warranty
Plot number 4
Tenure Shared ownership
Availability Available
Bathrooms 2
Minimum share 35%
Minimum share price £155,750
Full market price £445,000
Monthly rent £663
Monthly service charge TBC
Ownership Leasehold
  • Modern handless kitchen suite
  • Contemporary bathroom suite with ceramic wall tiles
  • High quality vinyl flooring to bathrooms
  • Indesit integrated fridge freezer
  • Indesit integrated dishwasher
  • Allocated parking space
  • Rear garden
  • Checkmate 10 year new home warranty

FAQ's

Min share price from: £155,750 for a 35% share
Full price from: £445,000
Minimum deposit from: £7,788
Monthly rent from: £663
Bedrooms: 4
Bathrooms: 2

There are 4 available ranging from £155,750 for a 35% share to £155,750 for a 35% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

Yes, but it all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

Plumlife
Shared ownership

Starting prices

35% share from
£155,750
Full price
£445,000
Minimum deposit
£7,788
Monthly rent
£663