# 3 bedroom penthouse for sale (M15 4ZB)

## Property Details

| Key | Value |
|-----|-------|
| Address | 12 SILVERCROFT STREET, MANCHESTER, GREATER MANCHESTER M15 4ZB |
| Price | £1,520,000 |
| Bedrooms | 3 |
| Bathrooms | 3 |
| Last sold | £333,905 Nov 2020 |

## Description

Situated in the heart of Manchester city centre, this exceptional penthouse apartment is positioned within one of the city’s most iconic developments, offering convenient access to key destinations including Deansgate, Spinningfields, and Manchester Piccadilly Station. The surrounding neighbourhood offers a vibrant mix of restaurants, cafés, cultural venues and retail destinations, while ongoing regeneration continues to strengthen the area as a dynamic residential and commercial hub.

Spanning approximately 1,901 sq ft, this stunning three-bedroom penthouse apartment combines contemporary architecture with high-end finishes and impressive skyline views. The main living space features floor-to-ceiling windows, creating a bright and expansive environment while maximising natural light. The open-plan living, kitchen and dining area is designed for both entertaining and everyday living. The kitchen is fitted with premium integrated appliances, quartz work surfaces and modern fixtures, delivering both style and practicality.

The upper level accommodates three well-proportioned bedrooms, including a principal suite with fitted wardrobes and a stylish en-suite bathroom. Two additional bedrooms provide flexible space suitable for family members, guests or a dedicated home office.

Residents benefit from a range of exclusive on-site facilities, including a fully equipped gym and fitness suite, co-working and business lounge spaces, and private bookable suites for meetings or events. The development also features a landscaped roof terrace and communal areas, offering residents relaxing outdoor spaces within the city centre.

## Property Photos

- ![images (9)](/listings/photos/173440064/79812) - images (9)
- ![360-Amenaties-188-1536x1011](/listings/photos/173440064/79813) - 360-Amenaties-188-1536x1011
- ![360-Amenaties-138-1536x973 (1)](/listings/photos/173440064/79814) - 360-Amenaties-138-1536x973 (1)
- ![360-Amenaties-143-1536x944](/listings/photos/173440064/79815) - 360-Amenaties-143-1536x944
- ![360-Amenaties-005-1536x1025](/listings/photos/173440064/79816) - 360-Amenaties-005-1536x1025

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 12 SILVERCROFT STREET, MANCHESTER, GREATER MANCHESTER, M15 4ZB | £333,905 | 27/11/2020 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| CITYGATE UNIT 5 AND 6 BLANTYRE STREET, MANCHESTER, GREATER MANCHESTER, M15 4JU | £800,000 | 18/07/2023 | Other |
| BRIDGEWATER HOUSE, 2 SILVERCROFT STREET, MANCHESTER, GREATER MANCHESTER, M15 4ZB | £2,400,000 | 23/05/2023 | Other |
| UNIT 2 OLYMPIA TRADING ESTATE, MANCHESTER, GREATER MANCHESTER, M15 4NP | £9,900,000 | 28/09/2022 | Other |
| 141 FLAT 2403 CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4ZH | £275,170 | 15/07/2022 | Other |
| ELIZABETH TOWER, 143 GROUND AND 1ST FLOOR PREMISES CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4AF | £1,200,000 | 30/03/2022 | Other |
| 2A FLAT A708 CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4SA | £465,000 | 08/02/2022 | Other |
| 3 UNIT 2B COLONNADE OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4YB | £35,000 | 07/10/2021 | Other |
| BRIDGEWATER HOUSE, 2 SILVERCROFT STREET, MANCHESTER, GREATER MANCHESTER, M15 4ZB | £1,140,000 | 18/08/2021 | Other |

**Area average:** £2,026,896 (8 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £534,000 (1 Other, M15, 2024–2026)
- **Deviation:** +184.6%

## Rental Range

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

- **Low:** £1,217/mo
- **Realistic:** £1,352/mo
- **Optimistic:** £1,487/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Richmond & Hambleton (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £648/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 |
|------|------|------|------|------|
| 3 Bed Penthouse, Spinners Way, M15 | £2,600/mo | 3 | 0.29 miles | OpenRent |

**Average rent: £2,600/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.17% (weak for cashflow)
- **Max investor price (0.8%):** £325,000
- **Target investor price (1%):** £260,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £2,600/mo).*

- **Gross yield:** 2.1%
- **Cost-to-rent:** 48.7×
- **Monthly cashflow:** £-3,671/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -10%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. 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).*

## House Price Index (HM Land Registry)

*Official index for Manchester; All dwelling types series; as of March 2026.*

- **1y growth (index):** 1.4%
- **5y growth (index):** 18.2%
- **10y growth (index):** 75.3%

## 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)