# 3 bedroom penthouse for sale (M15 4ZD) ## Property Details | Key | Value | |-----|-------| | Address | FLAT 101, 16 SILVERCROFT STREET, MANCHESTER, GREATER MANCHESTER M15 4ZD | | Price | £1,240,000 | | Bedrooms | 3 | | Bathrooms | 3 | | Council tax | TBC | | Last sold | £402,000 Jul 2022 | ## Description Welcome to Three60, Manchester's first cylindrical skyscraper. Standing proud in the world-class neighbourhood of New Jackson, Deansgate. **Description** Standing proud in the world-class skyscraper district of New Jackson, this 51 storey development offers something truly unique to the city's concept of urban living. Set across the 49th and 50th floors, each penthouse at Three60 has been meticulously crafted, merging convenience with opulence, epitomising modern urban living. Featuring open-plan layouts, the living areas maximise space and natural light thanks to floor-to-ceiling windows which offer unmatched views across the city. The penthouses also benefit from an uplifted specification throughout, such as but not limited to herringbone flooring, air-conditioning and upgraded Siemens appliances. Residents at Three60 have exclusive access to three levels of exceptional amenities. From well-equipped fitness facilities including an expansive gym and Peloton spin studio, to comfortable lounging spaces, carefully considered working areas and a private rooftop terrace, they've got all of your needs covered. Three60 reimagines high rise luxury, marrying stunning views with unparalleled comforts and a vibrant locality. Here, every degree delivers a captivating slice of Manchester's charm. Contact Savills to register your interest and arrange your appointment to see the show apartment (Virtual viewings available). **Location** Three60 perfectly embodies the broader masterplan being realised across the New Jackson neighbourhood. Renaker the developer behind the masterplan are 8 years into a 17 year masterplan with more than 3,000 new homes already delivered, 988 homes under construction, and over 3,000 in the pipeline. Once complete the neighbourhood will provide more than 6.400 homes, alongside public spaces, a new primary school, GP surgery, local independent restaurants, bars and shops and several new sustainable travel routes seamlessly connecting residents with the adjoining neighbourhoods and wider city beyond. Situated at the southern gateaway to the city, Three60 offers a wealth of nearby transport connections. Deansgate-Castlefield station is just 0.3 miles away and offers connection to 99 metro stops across Manchester. Square Footage: 1,732 sq ft Leasehold with approximately 949 years remaining. **Additional Info** Note: Show home images are for illustration purposes only and are to be taken as general guidance. Release price is inclusive of all interior fittings and furnishings, with the exception of the clothes in the wardrobe. Parking: Right to park available to purchase from £25,000 Service charge: £3.00 per sq.ft per annum Buildings Insurance: Estimated £0.65 per sq.ft per annum Ground rent: £0 Peppercorn ## Property Photos - ![Kitchen](/listings/photos/89907147/702469) - Kitchen - ![Living Room](/listings/photos/89907147/702470) - Living Room - ![Living Room](/listings/photos/89907147/702471) - Living Room - ![Kitchen](/listings/photos/89907147/702472) - Kitchen - ![Staircase](/listings/photos/89907147/702473) - Staircase - ![Three60](/listings/photos/89907147/702474) - Three60 - ![Kitchen](/listings/photos/89907147/702475) - Kitchen - ![Kitchen](/listings/photos/89907147/702476) - Kitchen - ![Kitchen](/listings/photos/89907147/702477) - Kitchen - ![Bedroom](/listings/photos/89907147/702478) - Bedroom - ![En-Suite](/listings/photos/89907147/702479) - En-Suite - ![Bedroom](/listings/photos/89907147/702480) - Bedroom - ![Bedroom](/listings/photos/89907147/702481) - Bedroom - ![Bathroom](/listings/photos/89907147/702482) - Bathroom - ![Bathroom](/listings/photos/89907147/702483) - Bathroom - ![Bedroom](/listings/photos/89907147/702484) - Bedroom - ![Residents Lobby](/listings/photos/89907147/702485) - Residents Lobby - ![Residents Lounge](/listings/photos/89907147/702486) - Residents Lounge - ![Residents Lobby](/listings/photos/89907147/702487) - Residents Lobby - ![Residents Lounge](/listings/photos/89907147/702488) - Residents Lounge - ![Private Suite](/listings/photos/89907147/702489) - Private Suite - ![Workspace](/listings/photos/89907147/702490) - Workspace - ![Workspace](/listings/photos/89907147/702491) - Workspace - ![Yoga Studio](/listings/photos/89907147/702492) - Yoga Studio - ![Peloton Studio](/listings/photos/89907147/702493) - Peloton Studio - ![Gymnasium](/listings/photos/89907147/702494) - Gymnasium - ![Residents Terrace](/listings/photos/89907147/702495) - Residents Terrace - ![Public Park](/listings/photos/89907147/702496) - Public Park ## Floorplans - ![Floorplan](/listings/photos/89907147/702497) - Floorplan ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 16 FLAT 101 SILVERCROFT STREET, MANCHESTER, GREATER MANCHESTER, M15 4ZD | £402,000 | 06/07/2022 | 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 | |---------|-------|------|------| | BRIDGEWATER HOUSE, 2 SILVERCROFT STREET, MANCHESTER, GREATER MANCHESTER, M15 4ZB | £2,400,000 | 23/05/2023 | Other | | 9 PARKING SPACE 250 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UF | £30,000 | 12/04/2023 | Other | | FLAT A507, 9 PARKING SPACE 57 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TN | £30,000 | 19/10/2022 | Other | | 9 FLAT B202 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UA | £482,500 | 14/10/2022 | Other | | UNIT 2 OLYMPIA TRADING ESTATE, MANCHESTER, GREATER MANCHESTER, M15 4NP | £9,900,000 | 28/09/2022 | Other | | 9 FLAT B4302 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UG | £830,000 | 29/07/2022 | Other | | 141 FLAT 2403 CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4ZH | £275,170 | 15/07/2022 | Other | | 9 FLAT A307 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TN | £465,975 | 01/07/2022 | Other | | 9 FLAT B107 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UA | £25,000 | 29/04/2022 | Other | | ELIZABETH TOWER, 143 GROUND AND 1ST FLOOR PREMISES CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4AF | £1,200,000 | 30/03/2022 | Other | | 9 FLAT A6402 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TX | £2,205,000 | 24/03/2022 | Other | | 9 FLAT B3004 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UF | £430,000 | 11/03/2022 | Other | | 3 UNIT 2B COLONNADE OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4YB | £35,000 | 07/10/2021 | Other | | 9 FLAT A6103 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TX | £817,500 | 30/09/2021 | Other | | 9 FLAT B903 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UA | £490,500 | 17/09/2021 | Other | | 9 FLAT B606 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UA | £467,650 | 20/08/2021 | Other | | BRIDGEWATER HOUSE, 2 SILVERCROFT STREET, MANCHESTER, GREATER MANCHESTER, M15 4ZB | £1,140,000 | 18/08/2021 | Other | | 9 FLAT B3505 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UF | £443,500 | 29/07/2021 | Other | | 9 FLAT A6203 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TX | £760,000 | 25/06/2021 | Other | **Area average:** £1,180,410 (19 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £534,000 (1 Other, M15, 2024–2026) - **Deviation:** +132.2% ## 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 Flat, Spinners Way, M15 | £2,700/mo | 3 | 0.24 miles | OpenRent | **Average rent: £2,700/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.22% (weak for cashflow) - **Max investor price (0.8%):** £337,500 - **Target investor price (1%):** £270,000 *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 £2,700/mo).* - **Gross yield:** 2.6% - **Cost-to-rent:** 38.3× - **Monthly cashflow:** £-2,478/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -8.3% *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)