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Silkbank Wharf, 21 Derwent Street, Salford, M5 4JR

PROPERTY TYPE

Apartment

BEDROOMS

1

BATHROOMS

1

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

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Key features

  • Investment Opportunity
  • High specification finish
  • Stunning, riverside location
  • Walking distance to the city centre
  • Open plan living
  • Constructed by reputable developer
  • Buy to let hotspot
  • Expansive onsite amenities

Description

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
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Silkbank Wharf, 21 Derwent Street, Salford, M5 4JR

Approximate location

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Affordability

Monthly repayments£953
Property: £ 190,000
Deposit: £ 19,000
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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About yieldit, Manchester

Suite 2A Osprey House at The Nest, Broadway, Manchester, M50 2UE.

Here at yieldit we specialise in the sale of tenanted, income generating buy-to-let property from investor to investor. We work with buyers and sellers who see the financial potential of a buy-to-let-property, and don't get distracted by little things - eliminating the normal stresses that come with trying to sell a buy-to-let property on the high-street.

yieldit brings a wide range of income generating properties to market, from larger homes perfect for families to city centre apartments in some of the UK's best rental markets. Whatever your requirements, yieldit has the perfect investment (or buyer) for you!

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Disclaimer - Property reference YL-08568. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by yieldit, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.