Mulbury completes rent to buy housing scheme in Manchester

7th April 2021

Mulbury has completed work on 64 homes at a new affordable housing development in Levenshulme, Manchester on behalf of housing and community services provider, One Manchester.

The Atlas Place scheme is based on Elbow Street, off Chapel Street and has regenerated the site of the former Atlas Engineering Works which had fallen into disrepair.

It offers people the chance to live in Manchester without overstretching themselves financially, with the site’s mix of 22 three-bedroom homes, 14 four-bedroom homes and 28 two-bedroom apartments aimed at helping singles, families and first-time buyers onto the housing ladder.

When it began on site, Atlas Place was the city’s first rent to buy scheme, with a mix of 44 apartments and houses offered on this tenure, and the remaining 20 homes made available for shared ownership.

The rent to buy scheme helps those struggling to save for a housing deposit by allowing people to rent homes at a discounted rate, while simultaneously saving the money to buy the property.

It means people are effectively able to try before they buy and live in the home they could potentially own in the future.

Greg Mulligan, director and co-founder at Mulbury, said: “We’re proud to be working with One Manchester to deliver this much-needed development and support its aspirations to build 1,000 new homes by the end of 2021.

“Atlas Place has had a significant positive impact on the local area, helping bring a dilapidated site back into use while boosting housing provision and plugging the gap for high-quality affordable family housing in this part of the city.”

Interim Director of Development at One Manchester, Judy Noah, said: “We are immensely proud of Atlas Place, which is a fantastic example of how building the right homes, in the right place and at an affordable price can make huge strides in tackling the housing crisis.

“Rent to Buy supports so many people to start their journey on the housing ladder, and since Atlas Place, we’ve built almost 200 homes specifically for Rent to Buy. Of the 480 homes we currently have on-site across Manchester, a number of them are reserved for Rent to Buy, so we can continue supporting local people to remain in their local area and continue to thrive as part of a community.”

Cllr Suzanne Richards, executive member for housing at Manchester City Council, added: “We know that many Manchester people aspire to buy their own home, but the traditional routes onto the property ladder – which require large deposits – means many people are priced out.

“Developments like Atlas Place provide an opportunity for people to take that step onto the property-owning ladder and are an important part of the city’s affordable housing offer.”