2-bedroom flat · M5 4EP
Let agreedReduced £100 (−6.9%) on 12 SepListed 104 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Wharf is a new 17 storey luxury apartment scheme. Completed in early 2024, the development has a range of 1, 2 and 3 bed apartments.
Situated on the banks of the River Irwell it has a lovely riverside terrace for residents and superb views across the water and back to the city.
This 3rd floor 2 bed/2 bath apartment comes furnished and has high specification finishes throughout.
On site amenities have not been spared at this luxury development; from gorgeous lounge / co-working spaces, reception desk/concierge, automated parcel facility (secure), state of the art gym (with outside river terrace) and secure cycle store.
Residents can feel safe in the knowledge that the building has a concierge, secure access control and CCTV to car park, external grounds and internal communal areas As well as the fantastic communal facilities each quality apartment benefits from: High quality kitchen and premium integrated appliances Premium sanitaryware / fully tiled ensuite bathroom - full width mirror in bathroom Fitted wardrobe to primary bedroom in 2 and 3 bed apartments Ultrafast Broadband (charges apply) Note: A Holding Deposit of £175 is required.
1 x parking space available @ £150 pcm
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 309, SILKBANK WHARF, 21 Derwent Street, Salford, Greater Manchester, M5
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