3-bedroom flat · M5 4TA
For saleListed 14 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An spacious 3 double bedroom top floor corner position apartment complete with a secure parking space. Forming part of the popular Riley Building with concierge facility.
Great range of amenities nearby including the Regent Retail Park and within walking distance of the city centre. Includes a bright dual-aspect living area, ensuite and main bathroom. EPC Rating C.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
SQU260109/2 Summary The Riley Building is perfectly situated on the Manchester/Salford border, offering easy access to the Castlefield conservation area with its pleasant canal-side walkways and bars and the wider city with its array of amenities to meet all needs.
Immediate shopping needs are well catered for by the large Sainsburys supermarket and other shops within the Regent Retail Park, as well as a gym.
Salford Quays/MediaCity is also within easy reach, as are the M602, ring road and Mancunian Way providing convenient access around the city and beyond.
The development benefits from a concierge facility, available 7 days a week from 7am-7pm.
This fantastic apartment enjoys an enviable corner position on the top floor allowing for a superb dual aspect living area with views of the city skyline towards Salford Quays.
Complete with an allocated parking space, this is a great opportunity for either an owner-occupier or investor. 8TH (TOP) FLOOR Secure communal entrance.
The apartment can be reached by lift or stairs. Entrance Hall Wooden-style flooring and utility cupboard with water heater and plumbing for washing machine.
Living Area/Kitchen Offering spacious and flexible open-plan layout with full-height windows to dual aspects with door to a Juliet-style balcony. Wooden-style flooring.
Kitchen with fitted base and wall units, integrated electric oven and hob with extractor hood, sink with mixer tap, integrated fridge/freezer and dishwasher.
Bedroom 1 Full-height window and wooden-style flooring. Door to: Ensuite Shower cubicle, wash basin with mixer tap, WC, tiled splashbacks and flooring, heated towel rail.
Bedroom 2 Full-height window and wooden-style flooring. Bedroom 3 Full-height window and wooden-style flooring.
Bathroom Panelled bath with shower attachment, wash basin with mixer tap, WC, tiled splashbacks and flooring, heated towel rail.
Parking A secure allocated parking space is included in the sale. Leasehold/Council Tax/EWS1 Form Lease term: 150 years from 1st January 2015. Ground rent: £456.82 per annum.
Service charge: £1136.53 for period 01/07/26-31/12/26 equating to an approximate annual figure of £2273.06. Building insurance: £1145.44 for current year.
Please verify lease details with your solicitor. There is an EWS1 form with a B1 rating dated 06/11/2020. Council tax band B (Salford City Council).
Agent's Note To be able to purchase a property in the United Kingdom all agents have a legal requirement to conduct Identity checks on all customers involved in the transaction to fulfil their obligations under Anti Money Laundering regulations.
We outsource this check to a third party and a charge will apply. Ask the branch for further details.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About Derwent Street, Salford, M5
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