New Year, New Neighbourhood

Helping make home ownership in the city even more accessible to those looking to take their first step onto the property ladder is L&Q at Victoria Riverside – a collection of design-led one-and two-bedroom Shared Ownership apartments in the city’s up-and-coming Red Bank neighbourhood, with deposits starting from just £6,188.

Red Bank is one of Manchester’s most exciting regeneration areas, offering a perfectly timed opportunity for those looking to start the new year afresh. Set to transform over the next decade, Red Bank will become a thriving community within Manchester’s city centre. The homes at L&Q at Victoria Riverside will be ready to move into in early 2025, with reservations currently being taken on selected apartments, and will offer a resident-only co-working space, podium garden, gym and concierge service.

Shared Ownership is a government-backed scheme aiming to provide an alternative route to homeownership across the UK, helping house hunters find a home that meets their affordability needs. Not just for first-time buyers, using the scheme, buyers can purchase a share of their new home, starting from 25%, paying a mortgage on the part they own and monthly rent on the portion of the home they don’t. As and when shared owners can afford to do so, they can purchase more shares through a process called ‘staircasing’, eventually owning 100% of their home.

The 18-storey building boasts 128 Shared Ownership homes and the first phase of Victoria North, the North of England’s biggest urban regeneration project, with new schools, healthcare facilities and transport links set to transform the 155-hectare site. Developed by FEC and Manchester City Council, over the next fifteen years the £4bn Victoria North project will comprise over 15,000 new homes spanning seven new and existing neighbourhoods.

Strong public transport links nearby include Victoria train Station and the Shudehill Interchange, both a short walk away - allowing residents to travel across the city with ease. For those travelling across the country, Victoria Train Station is just a ten-minute walk away, with frequent trains to Manchester Airport, Chester and Liverpool, to name a few.

Being positioned at the doorstep of the city centre means easy access to all the amenities Manchester has to offer, including Arndale Shopping Centre, with over 200 stores spread over two levels - the biggest inner-city shopping centre in the country. As well as chain stores, there is an array of independent stores nearby, such as the Arndale Food Market to plenty of food, clothes, books, and lifestyle shops. Residents will also enjoy Red Bank's emerging status as a hub for retail, dining and beverages, featuring a wide array of popular restaurants, bars, and local micro-producers including Michelin Guide-listed The Spärrows restaurant. Kingfisher will also be just a short walk from FEC’s Meadowside scheme, which provides a wealth of community events for local residents at Angel Meadow Park.

Visit lqhomes.com for more information.