We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · M50 3AY
For saleReduced £10k (−4.2%) on 2 AugListed 137 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Julie Twist Properties welcome to the market this 10th floor apartment in Sovereign Point, Salford Quays.
The apartment offers a fully equipped kitchen with integrated appliances which seamlessly flows into the living and dining area and has sliding doors leading onto a private balcony with stunning water views.
Both bedrooms are generously sized, with bedroom 1 having access to its own ensuite bathroom.
The property also benefits from a separate main bathroom, an entrance hallway with plenty of storage as well as a license to park for one vehicle.
Sovereign Point is located in Salford Quays, close to an array of restaurants, cafes, and shops. This area boasts beautiful waterside public spaces and is home to the renowned Lowry Theatre.
Salford Quays is conveniently connected via motorway links and the Metrolink, providing easy access to Manchester City Centre, North and South Manchester, and Manchester Airport.
General: Rental Yield: 7.5% (Based on expected rental price of £1500pcm) Service Charge: £2,500 per annum (includes buildings insurance) Car Parking Service Charge: £1080 per annum Ground Rent: £230 per annum Ground Rent Review Period: Increases by £50 every 25 years Lease: 125 years (less 10 days) from 1 January 2004 Square Footage: 767 sq.ft / 71.3 sq.m approx Council Tax Band: D (Salford City Council) Management Company: Zenith Hallway Wooden flooring, spotlights, access to cupboard housing the boiler, a further storage cupboard and intercom entry system.
Living Area Double glazed windows and sliding door leading onto a private balcony with water views, wooden flooring, wall mounted heaters, phone/TV point and spotlights.
Kitchen The kitchen comprises wall and base units, integrated fridge/freezer, integrated dishwasher, built-in oven with induction hob and extractor over, sink with mixer tap and drainer, space and plumbing for a washing machine/dryer, laminate flooring, spotlights and extractor.
Bedroom 1 Double glazed window, carpeted flooring, wall mounted heater, spotlights and entrance to the ensuite.
Ensuite Accessed via bedroom 1, the ensuite comprises of a shower cubicle, WC, sink with mixer tap, heated towel rail, tiled walls, tiled flooring, extractor and spotlights.
Bedroom 2 Double glazed window, carpeted flooring, wall mounted heater and spotlights.
Bathroom Accessed via the hallway, a three piece bathroom comprising bath with shower attachment over, WC, sink with mixer tap, heated towel rail, partially tiled walls, tiled flooring, extractor and spotlights.
Parking This apartment comes available with a license to park for one vehicle.
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 advisers 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
Agent & docs
.png)
FAQ
About Apartment 1006, Sovereign Point, 31 The Quays, Salford
Explore nearby