1-bedroom flat · M5 4XP
For saleListed 318 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
1 bed apartment with balcony. An excellent one bedroom apartment in the stunning Rivergate House development at Basin, Salford.
The 5th floor property, totalling 454 sq ft, comprises; entrance hall with storage area, spacious open plan living and dining room through to modern fully fitted kitchen & balcony, double bedroom and stylish bathroom.
Further benefits include 24 hour on site concierge, landscaped communal gardens, cinema room & residents' gym.
Located just a stone's throw away from the city centre within easy reach of Spinningfields, Deansgate and conveniently positioned on the inner ring road allowing quick access to the motorway network.
Currently let for £1,100pcm until 19/10/26, achieving a rental yield of 7.5%. EWS1 Form in place.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 505 Rivergate House, Block A, Wilburn Basin, Ordsall Lane, Salford
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