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1 bedroom flat for sale

Rivergate House Wilburn Wharf, Salford M5

Withdrawn from Market £168,000

Property Description

Key features

  • Developer Incentives please call for details
  • 1 Bedrooms
  • Gas Heating
  • Lift
  • Near Public Transportation

Full description

Rivergate House at Wilburn Wharf is a striking new-build waterfront residence only minutes from Manchester city centre. This opportunity presents exceptional value to enter the property market of a city that is on the cusp of a historic transformation.

Manchester continues to rise up the ranks of the world's most promising property investment markets of 2016. In a growing city where the supply of new housing is struggling to meet demand, we're pleased to present Rivergate House at Wilburn Wharf - a luxury waterside development just minutes from Manchester's central business district.

Rivergate House Overview

1 / 2 / 3 Bedrooms
Up to 75% LTV
Estimated completion: Q4 2016
249-year leasehold title
Rental yield up to 5.63%
Facilities and features
Spacious 1/2/3-bedroom apartments in the heart of Manchester
High-quality specification and finish
First phase of a new-build riverside development around the historic Wilburn Basin
Car parking available for many units
Just a short walk from the thriving Spinningfields business and employment hub
Rivergate House Key Points

First phase of a new-build riverside development around the historic Wilburn Basin
Car parking available for many units
Just a short walk from Spinningfields business and employment hub
Sizes from 488 to 1,034 square feet
Up to 75% LTV available

1 Bed apartment from 488 sq.ft to 617 sq ft. starting from £168,000
2 Bed Apartments between 658 sq.ft. and 1034 sq.ft. and ranging from £194,000 to £367,000
3 Bed Apartments are 844 sq.ft. and ranging from £258,000 to £317,000

This apartment is 689 sq.ft.

Why invest in Manchester?

People: 128,000 new Manchester residents in the next decade
Employment: 110,000 new jobs by 2025
Value: Average Manchester apartment is one-third of the price of that in London
Supply: Current construction pipeline is providing less than half of the required new units
Yields: Manchester achieved the UK's strongest rental yields in 2010-15 at 6.02% per annum
Growth: Prices forecast to rise 20% over the next 3 years

Manchester's growing attraction to investors is explained by a combination of factors. Its economic performance, growing population and position at the centre of the UK Chancellor's GBP 7 billion 'Northern Powerhouse' are the main structural factors driving this, but most important of all is the value investors can find in the city. The average apartment in Manchester is just over a third of the price of an equivalent property in Central London.

More information from this agent

Listing History

Added on Rightmove:
22 September 2016

Map & Street View

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