# 2 bedroom apartment for rent (M40 7NA)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 207, VICTORIA MILL, 8, LOWER VICKERS STREET, MANCHESTER, GREATER MANCHESTER M40 7NA |
| Price | £1,200 pcm |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Last sold | £195,000 Jan 2025 |

## Description

Spinning Mill sits in the heart of the thriving East Manchester area of regeneration which in recent years has seen it's popularity grow due to it's close proximity to the City centre which is easily accessed on foot by walking along the picturesque canal or the nearby Holt Town Metrolink station. 

This SECOND floor apartment in brief comprises of : Secure communal entrance with lifts to all floors, private entrance hallway, spacious living room which has brick vaulted ceiling, separate kitchen complete with with integrated appliances, two double bedrooms with the main being en suite plus further bathroom. 

Available NOW

Minimum household income £39,000

**Reception 1** 

**Kitchen** 

**Bedroom 1** 

**Bedroom 2** 

**Bathroom 1** 

**Bathroom 2** 

**Parking** 

**External**

## Property Photos

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## Floorplans

- ![Other](/listings/photos/170770208/271154) - Other

## Rental Range

*ONS Price Index of Private Rents (Manchester). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,214/mo
- **Realistic:** £1,349/mo
- **Optimistic:** £1,484/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for West Pennine (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £449/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Malta St, M4 | £1,250/mo | 2 | 0.68 miles | OpenRent |

**Average rent: £1,250/mo (1 listing)**

## Rent-driven metrics

*Based on OpenRent comparables (median £1,250/mo).*

- **Gross yield:** 1250%
- **Monthly cashflow:** £1,095/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 3776.8%

*Gross yield = annual rent as % of price (no costs). Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)