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See how verdicts work1-bedroom flat · M5 4EP
Sold STCReduced £35k (−15.6%) on 7 FebListed 781 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property is currently tenanted at £1050pcm Perfectly located on the banks of the River Irwell, Silkbank Wharf is a new build, residential development opposite Castlefield, Manchester.
The high-specification 17 storey building complemented with Juliette balconies and a communal garden terrace comprises of 160 stunning waterside apartments with a comprehensive suite of on-site amenities to allow residents to enjoy a twenty-first century city lifestyle to the full.
This is an ideal opportunity to invest in property in Manchester city centre. 6th floor with hallway, contemporary living area, on bedroom , a luxury bathroom.
Leasehold Expires 27/08/3023 Ground Rent £190 per year Service charge has been paid untill 31/12/2024 Management Company PAD
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
Agent & docs
FAQ
About Silkbank Wharf, 21 Derwent Street, Salford, Greater Manchester, M5
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