Summary - VICTORIA MILL, 10 FLAT 208 LOWER VICKERS STREET MANCHESTER M40 7LJ
2 bed 1 bath Apartment
Characterful Grade II waterside flat with parking — strong rental potential, listed restrictions apply.
Spacious 2-bed, open-plan layout, approx 835 sq ft
Set within Victoria Mill, this two-bedroom apartment blends industrial character with contemporary living. The open-plan layout and large windows create a bright, airy space across about 835 sq ft, suited to city professionals or buy-to-let portfolios. Waterside position beside the canal and proximity to Ancoats Marina, Piccadilly Station and local amenities add practical appeal and lifestyle pull.
For investors, the property presents clear rental potential (advertised 7% yield) and straightforward management: off-street parking, fast broadband and very low local crime support strong tenant demand. The 114-year lease remaining gives long-term security, and council tax is low which helps tenant affordability.
Material considerations are plain: the building is Grade II listed, which can significantly limit alterations and may increase maintenance complexity and costs. Annual service charge (£2,304) and ground rent (£375.10) are meaningful on a £150,000 purchase price and should be factored into yield calculations. The wider neighbourhood scores high on deprivation indices, which can affect long-term capital growth and tenant mix.
This apartment suits investors seeking an affordable Manchester waterside asset with character and rental demand, and owner-occupiers who prize canal-side living and transport links but who are comfortable with listed-building constraints and communal charges.
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