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3 bed flat for sale

£240,000

Riverside, Derwent Street, Salford M5

3 bed flat for sale 3 2 1
Interested in this property? Call +44 161 937 6849 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

3-bedroom apartment with parking in the Lowry Wharf development. 710 Sq. Ft. EWS1 Form Available. Subject to Contract.

Mortgage Buyers Welcome.
Available to both Investors and Owner-Occupants.
Currently 8.00% Rental Yield @ £1600 pcm. Parking extra £100
Projected 8.50% Rental Yield @ £1700 pcm. Parking extra £100
Tenants due on April 2025.

Lease Info: 250 Years Lease from 2015
Service Charge: £1767 pa
Building Insurance: £920 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.

Floorplan(s): Floorplan

Floorplan View original

Property value data/graphs for M5

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £161,142 - 2.8 £277,000
Semi-detached £189,463 £184 2.9 £229,261
Terraced £218,163 £155 2.8 £205,374
Flats £208,388 £218 1.9 £151,476

Current asking prices in M5

Average: £223,795
Avg. current asking prices in M5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £360,000
(2)
£313,333
(9)
- £346,000
(1)
Flats £170,551
(181)
£238,172
(162)
£338,156
(55)
£382,495
(2)
-
All £170,551
(181)
£239,657
(164)
£334,665
(64)
£382,495
(2)
£346,000
(1)

Current asking rents in M5

Average: £1,263 pcm
Avg. current asking prices in M5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £750 pcm
(1)
£859 pcm
(3)
£1,406 pcm
(8)
£2,041 pcm
(2)
£702 pcm
(1)
Flats £1,060 pcm
(46)
£1,272 pcm
(68)
£2,018 pcm
(16)
- -
All £1,054 pcm
(47)
£1,255 pcm
(71)
£1,814 pcm
(24)
£2,041 pcm
(2)
£702 pcm
(1)

Fun facts for M5

Highest value in M5
Highest value streets Zed-Index
Weaste Lane £289,926
Ordsall Lane £260,424
Lockgate Square £256,141
Weaste Drive £235,475
Lockside Lane £234,844
Highest turnover in M5
Highest turnover streets Turnover
Josslyn Road 58.3%
Whitegate Drive 50.0%
Little Bolton Terrace 32.5%
Scanlon Lane 30.0%
Weaste Drive 28.6%
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For more information about this property, please contact
NEXIS Property, M3 on +44 161 937 6849 * (local rate)

Monthly running costs Beta

£1,175 Monthly total

Mortgage

Purchase price
Deposit (10%) 24,000
Repayment term 25
Interest rate 2.0
Your payment £915 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Energy

Gas £26 Electricity £41 Estimated energy cost £67/mo

Similar properties could save up to £164

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 9900 kWh/year
Electricity: 2900 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Salford

Estimated tax band C Council tax cost £148 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £23 Sewerage £22 Estimated water cost £45 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by NEXIS Property, and do not constitute property particulars. Please contact NEXIS Property for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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