Summary - Victoria Residence, Crown Street, M15 M15 4ZE
1 bed 1 bath Apartment
Rented 1-bed 13th-floor flat with 6.54% yield, long lease and residents' gym and pool.
- Currently let at £1,500 pcm producing a 6.54% gross yield
- Tenant in situ until 25/07/2026 (investors only)
- 13th-floor one-bedroom with city skyline views, 625 sq ft
- Long lease circa 994 years from 2019
- Residents' amenities: gym, pool, concierge, rooftop terrace
- Service charge approximately £2,128 pa; buildings insurance £340 pa
- Ground rent £339 pa
- Electric room heaters (no gas central heating) may raise running costs
A well-located one-bedroom apartment on the 13th floor of Victoria Residence, offered to investors with a tenant in situ until 25/07/2026. The property is currently let at £1,500 pcm, producing a quoted 6.54% gross yield, and benefits from a very long lease (circa 994 years) and 625 sq ft of internal space.
The apartment delivers contemporary city living with floor-to-ceiling windows, open-plan living space, a high-spec kitchen and a generous double bedroom. Residents have access to extensive communal facilities including a 24-hour concierge, gym and swimming pool, co-working spaces and a rooftop terrace — attractive features for long-term rental demand in this central location.
Buyers should note the material points: a service charge around £2,128 pa, ground rent £339 pa, and electric room heaters rather than mains gas central heating, which may increase running costs. The property sits in a multicultural, largely student neighbourhood and the wider area is classified as deprived, which can affect tenant mix and capital growth expectations.
For an investor seeking a hands-off, city-centre asset with immediate income and strong amenities, this flat offers clear rental return and long lease security. Factor in the service charge and heating arrangement when assessing net yield and re-letting costs after the current tenancy ends.
1 bedroom apartment for sale in Victoria Residence, M15 — £255,000 • 1 bed • 1 bath • 628 ft²
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