Summary - Victoria Residence, Crown Street, 16, Silvercroft Street, Manchester, M15 M15 4ZE
2 bed 2 bath Apartment
High-amenity city pad with long lease and immediate rental income potential.
12th-floor corner 2-bed, 931 sq ft modern apartment
Long lease: 999 years from 2019
Building amenities: gym, co-working, roof terraces, 44th-floor pool
Currently tenanted; investor income immediate (£1,850–£1,900 pcm)
Service charge approx £3,151.84 and building insurance £506.80 annually
Ground rent approx £493 per annum
Electric room heaters; higher running costs than gas heating
Local area: student-focused, multicultural; wider area classed as deprived
This 12th-floor corner two-bedroom apartment in Victoria Residence offers 931 sq ft of bright, contemporary living in Crown Street’s high-rise development. Built in 2019, the home benefits from a long 999-year lease, an EWS1 A1 rating and a useful mix of resident amenities including a gym, co-working space and the building’s standout 44th-floor pool and roof terraces.
The apartment is presented for both investors and owner-occupiers. Current rent is £1,850 pcm (projected £1,900), giving a reported yield around 5.2–5.5%, and the property is currently tenanted — useful for investors seeking immediate income but limiting vacant possession for buyers wanting to move in straight away. Service charge and running costs are material: annual service charge approximately £3,151.84, building insurance £506.80 and ground rent £493.
Practical considerations include electric room heaters and electricity as the main fuel, which can increase running costs compared with gas-heated homes. The local area is a multicultural, student-focused neighbourhood with fast broadband and excellent mobile signal, low crime, but is described as relatively deprived in wider area indices — something to weigh for family buyers. Council tax sits at a moderate level (Band D).
Overall this apartment suits an investor or young professional seeking a modern, well-serviced city pad with strong amenities and long lease security. Buyers should budget for annual service charges, electric heating costs, and note the unit is currently let.
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