Summary - Alto, Sillavan Way, Manchester, M3 M3 6GD
2 bed 2 bath Apartment
High-yield central unit near Spinningfields, tenant-in-situ until 2026.
675 sq ft two-bedroom, two-bath apartment, third floor
A well-located two-bedroom, two-bath apartment in Alto, Sillavan Way, suited to investors seeking strong rental returns in central Manchester. At 675 sq ft on the third floor, the apartment delivers contemporary open-plan living, a master en suite, communal landscaped gardens and 24-hour concierge — features that appeal to long-let tenants and professionals.
The property is currently let until August 2026 and is achieving a current rental yield of 7.43% (£1,300 pcm), with a projected yield of 7.71% at £1,350 pcm. The long lease (circa 239 years remaining) and an EWS1 A2 rating support mortgageability and reassure lenders; current assessments show no remedial action required for the external wall system but buyers should make their own enquiries.
Running costs and charges are material to investment returns: service charge c. £1,790 pa, ground rent c. £600 pa, and buildings insurance c. £535 pa. Heating is by electric room heaters, which can be more expensive than gas alternatives and may affect tenant utility bills. The flat is offered fully furnished and sits in a multicultural, student-heavy neighbourhood close to Spinningfields, transport links and local amenities — a location that supports strong lettings but can bring higher tenant turnover.
Overall this is a practical city-centre investment with solid yield history, long lease security and tenant-in-situ income. Prospective buyers should factor service charges, ground rent and electric heating costs into yield calculations, and satisfy themselves about the external wall system and any future building-wide liabilities before purchase.
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