£230,000
2 bed flat for saleThe Riverside, Derwent Street, Salford M5
2 beds
2 baths
1 reception
EPC Rating: C
- Leasehold
NEXIS Property
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About this property
Amazing 2-Bed 2-Bath Apartment with large balcony in the Lowry Wharf development. 630 Sq Ft. EWS1 Form Available.
Allocated Parking Space included.
EWS1 B1 rated. Mortgage Buyers Welcome.
Available to both Investors and Owner-Occupants.
Currently 6.78% Rental Yield @ £1300 pcm
Projected 7.04% Rental Yield @ £1350 pcm
Tenanted until May 2025
Lease Info: 250 Years Lease from 2015
Service Charge: Approximately £1595.20 Per Annum
Building Insurance: Approximately £805 Per Annum
Ground Rent: Approximately £456.82 Per Annum
Council Tax Band - B
EPC Rating - C
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.
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More information
Tenure
Leasehold (249 years)
Service charge
£1,595 per year
Council tax band
B
Ground rent
£457
Ground rent date of next review