3-bedroom flat · M5 4TA
For saleReduced £4.8k (−2.1%) on 10 OctListed 460 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Riley Building Derwent Street, Salford M5 4Ta Yieldit are pleased to present this wonderful apartment within The Riley Building, a spacious and modern three-bedroom, two-bathroom apartment located in the heart of Salford.
Positioned on Derwent Street, this well-presented property is ideally situated just minutes from Manchester city centre, Salford Quays, and MediaCityUK, making it a prime location for both professionals and students alike.
The apartment offers a generous open-plan living and dining area, complete with a fully fitted contemporary kitchen.
All three bedrooms are well-proportioned doubles, with the master benefiting from an en-suite shower room.
A second modern bathroom and ample built-in storage add to the property’s appeal, ensuring comfort and convenience for tenants.
This property also includes a secure, allocated parking space which is a valuable asset in this high-demand area.
The apartment is being sold with tenants in situ, providing immediate rental income and a hassle-free, ready-made investment opportunity.
With strong rental yields, excellent transport links, and proximity to universities, major employers, and key city amenities, this property presents an attractive addition to any buy-to-let portfolio.
Don't miss out and enquire early to avoid disappointment.
Financial Breakdown Gross Rent: £19,800.00 Net income: £14,129.32 Gross yield: 8.34% Net yield: 5.95% Please contact agent for full financial breakdown.
Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract.
Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-08207
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
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FAQ
About Apartment 2, The Riley Building, Derwent Street, Salford
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