1. Property photo 1 of 23 Picture No. 27
  2. Property photo 2 of 23 Picture No. 28
  3. Property photo 3 of 23 Picture No. 06

£171,000

2 bed flat for sale
Riverside, Derwent Street, Salford M5

    • 2 beds

    • 2 baths

    • 1 reception

  • EPC Rating: B

  • Leasehold

NEXIS Property

Logo of NEXIS Property

About this property

    High rental yield!2nd Floor 2-Bed Apartment in the Lowry Wharf development. 624 Sq Ft. EWS1 Rated B1. Subject to Contract.

    Mortgage Buyers Welcome.
    Available to both Investors and Owner-Occupants.
    Current 7.72% Rental Yield @ £1100 pcm.
    Projected 8.242% Rental Yield @ £1200 pcm.
    Tenancy end Feb 2026

    Lease Info: 250 Years Lease from 2015
    2025 Service Charge: Approximately £1510 pa
    2025 Building Insurance: Approximately £809 pa
    2025 Ground Rent: Approximately £456.82 pa
    Council Tax Band - B
    EPC Rating - B

    Riverside is a chic waterside development in the city centre, offering a variety of modern, high-spec apartments. It’s conveniently located near popular attractions like Deansgate Locks and the mosi on Liverpool Road, as well as a wide array of shopping facilities and amenities.

    The Riverside enjoys a prime location along the River Irwell, with easy access to Cornbrook tram stop, Deansgate tram & train links, and Spinningfields. The nearby Regent Road retail park offers a large Sainsbury’s, tk Maxx, Boots, and more.

    Salford Central Train Station is just 0.7 miles away, providing excellent transport links. For sports and entertainment, the famous Old Trafford and Etihad football stadiums are within a few miles. The Manchester National Cycling Centre is also nearby.

    Cultural activities abound, with the Castlefield Bowl, known for its food festivals and music gigs, just half a mile away. The development is a gated community with beautiful landscaping and access to the Irwell tow path. The featured first-floor apartment has two equal-sized bedrooms, two bathrooms, a spacious living room with a fitted kitchen, and a Juliette balcony.

    Zoopla insights

    Sign in and gain expert analysis to make informed decisions

    Stamp duty calculator

    Our instant calculator helps you understand how much stamp duty is due on property purchases in England & Northern Ireland. Read the latest stamp duty news

    From 1st April 2025 £-

    This calculation is intended as a guide only. We are unable to provide financial advice, so it's important to consult with an adviser. It applies to UK residents purchasing residential properties in England and Northern Ireland, but does not apply if the purchase is made through a company.

    More information

    • Tenure

      Leasehold (Ask agent)

    • Service charge

      £1,510 per year

    • Council tax band

      B

    • Ground rent

      £457

    • Ground rent date of next review

    See all recent sales in M5

    Property descriptions and related information displayed on this page are marketing materials provided by - NEXIS Property. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact NEXIS Property for full details and further information.