1-bedroom flat · M5 4JR
For saleReduced £5k (−2.7%) on 3 OctListed 99 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Silkbank Wharf, 21 Derwent Street, Salford, M5 4Jr Perfectly positioned on the banks of the River Irwell, Silkbank Wharf is a newly completed residential development located opposite Castlefield, Manchester.
This impressive 17-storey development features stylish Juliet balconies, a beautifully landscaped communal garden terrace, and 160 exceptional waterside apartments, many enjoying stunning river and city views.
Silkbank Wharf offers a collection of contemporary one, two and three-bedroom apartments, all finished to an exceptional specification and thoughtfully designed to provide residents with luxurious waterfront living.
Situated on the fourteenth floor, this beautifully presented apartment comprises a spacious open-plan kitchen, living and dining area with integrated appliances, a generous principal bedroom with en-suite shower room.
Residents benefit from an outstanding range of on-site amenities designed to complement modern city living, including a fully equipped gymnasium, residents' lounge, co-working space, concierge service and cycle storage.
An excellent selection of shops, bars and restaurants can be found within walking distance or a short cycle away.
Manchester city centre and Salford Quays/MediaCityUK are both easily accessible on foot, while frequent bus services provide excellent public transport connections throughout the day.
Please note: Any figures provided are representative of self-managing the property. Lettings and property management services are available, and additional charges may apply.
Please also note, the property may fall within an area where a Selective Licensing scheme applies. Enquire for further details.
Financial Breakdown Gross Rent: £13,140.00 Net income: £11,513.64 Gross yield: 6.92% Net yield: 6.06% 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-08568
Value & comps
No previous sales on record.
Returns
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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 1407 Silkbank Wharf, 21 Derwent Street, Salford
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