Summary - FLAT 302, 16 SILVERCROFT STREET, MANCHESTER M15 4ZD
2 bed 2 bath Apartment
Premium city living with resident pool, gym and concierge.
1,063 sq ft two-bedroom apartment with large private terrace
A large, well-appointed two-bedroom apartment in Victoria Residence, offering 1,063 sq ft of contemporary living space and a substantial private terrace. The property is currently tenanted until October 2026 at £2,100 pcm, giving a gross annual income of £25,200 (approximate gross yield 5.8%). Residents benefit from premium communal amenities including a gym, 20m pool, residents’ lounge, co-working space, two rooftop terraces and 24/7 concierge.
The apartment is bright and modern with dual-aspect living space, two double bedrooms (principal with en-suite) and high-spec kitchen fittings. EPC C and a very long lease (approx. 992 years) are clear positives for long-term ownership or letting. Service charge is c. £3,220 pa with ground rent reviewed every five years (current £433) and building insurance c. £1,020 pa; council tax is above average.
Practical considerations: the property uses electric room heaters (higher running costs than gas) and sits in a deprived wider area classified as a multicultural student neighbourhood—this influences tenant profiles and resale demand. The apartment is tenanted, so immediate vacant possession isn’t available. There is a stated external wall system/cladding position: tested and no works required, but buyers should make their own enquiries.
This apartment suits an investor seeking a secure, professionally managed city-centre let with strong amenity appeal, or a buyer looking for a low-hassle pied-à-terre with premium communal facilities. Factor in service charges, ground rent reviews and electric heating costs when modelling returns.
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