Modern Method of Auction
Auction date not yet published
2-bedroom house · M3 6JN
For saleReduced £5k (−3.6%) on 24 MayListed 375 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Being Sold via Secure Sale online bidding. Terms & Conditions apply.
Starting Bid £135,000 Qube Residential are delighted to bring to the market this very well proportioned two bedroom apartment located at the ever popular and highly sought after Adelphi Wharf development.
The apartment offers spacious living accommodation with 1,088sq ft.
The apartment is situated on the 5th floor and comprises large entrance hall, open plan lounge/dining area opening onto a large outside balcony, separate fully fitted & integrated kitchen, two double bedrooms, family bathroom, and secure underground parking.
The development will offer owners and tenants a peaceful waterfront retreat from hectic urban life, but at the same time be close enough to the cities of Salford and Manchester that the exciting lifestyle on offer there is within easy reach.
The local area has a great range of amenities and a full range of public transport options are close by. The apartment is ideal for investors and home owners alike.
Currently tenanted and producing an excellent yield. Early viewings are recommended to fully appreciate the full potential of this wonderful property.
Ground Rent: £300 PA Service Charge: £4,563.12 PA 250 Year lease from 2016 EWS-1 Grade 1B Currently Tenanted Long Term Until 03/01/2026 @ £1,100 PCM
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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
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FAQ
About 1Apartment 6-03 Adelphi Wharf
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