Summary - Apartment 201, 250 Great Ancoats Street M4 7BT
2 bed 2 bath Apartment
Brand-new 2-bed 7th-floor corner apartment — ideal for investors or city living.
7th-floor corner 2-bed, 2-bath — 764 sq ft with city/canal views
Long lease: 250 years from 2024; leasehold tenure
Currently tenanted until Feb 2026 — immediate rental income
Reported current yield 4.6% (£1,400 PCM); projected 5.26% (£1,600 PCM)
Service charge approx £3,339.24 pa — factor into returns
Main heating: electric room heaters — higher running costs likely
EWS1 rated; EPC B; five-minute walk to Piccadilly Station
This seventh-floor corner two-bedroom apartment in Victoria House offers a contemporary, newly built home in the heart of Manchester’s regeneration corridor. At 764 sq ft, the apartment provides open-plan living, two bathrooms and canal/city views from a high-rise setting — suited to investors targeting student or professional lets and to buyers seeking a low-maintenance city base.
The property is leasehold (250-year term from 2024) and sold with a long-term tenancy in place until February 2026, delivering an immediate income stream (current reported yield ~4.6%). Service charge and running costs are notable: an annual service charge of approximately £3,339.24 and electric room heaters as the main heating source, which can increase ongoing costs compared with gas-heated properties.
Connectivity is a key draw: about a five-minute walk to Piccadilly Station and a short walk to the University of Manchester, supporting strong rental demand from students and professionals. The building holds an EWS1 rating and the apartment has an EPC B. Broadband speeds are average while mobile signal is excellent.
Important considerations: the development sits within an area classified as very deprived, which can affect long-term pricing dynamics and amenity mix. The apartment is leasehold, and although the lease length is long (250 years) and ground rent is peppercorn, interested buyers should budget for the service charge and consider electric heating costs when assessing net rental returns or personal running costs.
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