1-bedroom flat · M5 4YP
For saleReduced £5k (−2.7%) on 22 AugListed 113 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** EWS1 form with B1 rating ** no onward chain ** An immaculate one bedroom apartment occupying a ground floor position within a modern waterside development which forms part of the award winning Middlewood Locks.
The Forge is perfectly positioned on the outskirts of Salford and Manchester city centre within a quiet residential location close to Spinningfields, Regent Road Retail Park and the newly established St John's neighbourhood.
It offers easy access to a variety of transport links and has an inviting communal courtyard for residents.
The property is accessed through a secure fob activated entrance and boasts its own outside space off the living room.
The high spec interior briefly comprises; open plan living room, impressive kitchen with integrated appliances and space for dining, a spacious double bedroom with built in wardrobes, stylish bathroom suite with mirrored wall storage and two storage cupboards.
EPC Rating B. Lease: 999 years from 2018 Annual ground rent: £200 Annual service charge: £2,040.48 Management company: Lsh
Value & comps
No previous sales on record.
Returns
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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 Apartment 117, The Forge, 11 Lockside Lane, Salford
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