For sale Flat

Derwent Street

Manchester, M5, M5 4RS

2 beds 2 baths Listed 17 Aug 2025 (-300d)

£275,000

Offers Over

Reduced on 1 Oct 2024

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Property photo

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Property details

Tenure

LEASEHOLD (997 years remaining on lease)

Last sold

£321,594

Local average

£206,700 (+33%)

Street crime

5 incidents within 1 mile (Apr 2026)

Key features

  • BRAND NEW DEVELOPMENT
  • 2 BEDROOMS 2 BATHROOMS
  • 718 SQFT
  • 13TH FLOOR APARTMENT
  • INCREDIBLE VIEWS
  • HIGH SPECIFICATION
  • RESIDENTS GYM AND LOUNGE AREA
  • EXCLUISVE OPEN HOUSE REF: KYNA
  • BUILT IN APPLIANCES
  • PRIME MANCHESTER LOCATION

Description

EXCLUSIVE OPEN HOUSE BY INVITATION OLY REGISTER YOUR INTEREST
REF: KYNA

Stunning Two-Bedroom Apartment in Prestigious Silkbank Wharf

Introducing this brand-new, beautifully presented two-bedroom apartment located in the highly sought-after Silkbank Wharf development ready for you to make your own.

The property boasts a spacious open-plan kitchen and living area, complete with a stylish breakfast bar—perfect for everyday living and entertaining alike. Both bedrooms are generously sized, with the primary bedroom featuring a sleek en suite bathroom.

Take in breathtaking views from the apartment, while enjoying access to an impressive suite of premium resident amenities, including:
Concierge service
Fully equipped residents' gym
Modern co-working space
Landscaped outdoor communal area

This exceptional home offers the ideal combination of luxury, comfort, and convenience in a prime riverside location—perfect for professionals, couples, or anyone looking to elevate their lifestyle.

Listed by

London

T Ash International Realty

Reference: 165840557

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Floorplan 1

Price history

Event Date Price % change
Listed for sale — £275,000 -14.5%
Sold 01/01/2024 (2 years ago) £321,594 —

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
BLOCK B WILBURN BASIN B 5.08 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4XR £265,000 19/12/2025 Flat
BLOCK D WILBURN BASIN D 11.02 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4XU £505,000 19/12/2025 Flat
IMOGEN COURT FLAT 74 ASGARD DRIVE, SALFORD, GREATER MANCHESTER, M5 4TQ £85,000 18/12/2025 Flat
FUSION 2, 16 APARTMENT 2 MIDDLEWOOD STREET, SALFORD, GREATER MANCHESTER, M5 4LW £165,000 12/12/2025 Flat
190 WATER STREET, MANCHESTER, GREATER MANCHESTER, M3 4AU £350,000 28/11/2025 Flat
1 FLAT 2204 REGENT ROAD, MANCHESTER, GREATER MANCHESTER, M3 4BE £265,000 25/11/2025 Flat
IRWELL BUILDING APARTMENT 58 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SS £180,000 18/11/2025 Flat
1 FLAT 2506 REGENT ROAD, MANCHESTER, GREATER MANCHESTER, M3 4BE £305,000 07/11/2025 Flat
THE RIVERSIDE APARTMENT 81 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SU £255,000 24/10/2025 Flat
30 APARTMENT 517 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZP £190,000 20/10/2025 Flat
IRWELL BUILDING APARTMENT 79 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SS £188,000 19/09/2025 Flat
DELANEY BUILDING APARTMENT 54 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SR £130,000 13/08/2025 Flat
1 FLAT 1101 REGENT ROAD, MANCHESTER, GREATER MANCHESTER, M3 4BA £182,500 04/07/2025 Flat
186 WATER STREET, MANCHESTER, GREATER MANCHESTER, M3 4AU £320,000 23/06/2025 Flat
BLOCK A WILBURN BASIN A 18.08 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4XQ £243,000 21/03/2025 Flat
CASSANDRA COURT FLAT 43 ASGARD DRIVE, SALFORD, GREATER MANCHESTER, M5 4TW £140,000 20/01/2025 Flat
30 APARTMENT 902 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZQ £280,000 01/10/2024 Flat
30 APARTMENT 312 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZL £259,995 28/02/2024 Flat
30 APARTMENT 108 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZL £305,000 19/12/2023 Flat
BLOCK A WILBURN BASIN A 17.01 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4XQ £282,000 18/12/2023 Flat

Area average: £244,775 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -1.8%
10y growth 30.4%

House Price Index (HM Land Registry — official index, not sold-price averages): Salford. Series: Flats and maisonettes. As of March 2026.

1y (index) -5.6%
5y (index) 11%
10y (index) 71.5%

Rental Range

Estimated market rent for Salford. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,046/mo
Realistic £1,162/mo
Optimistic £1,278/mo

Based on Local Authority from postcode lookup → Salford.

LHA (30th percentile) floor for Richmond & Hambleton: £549/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View M5 4RS

Address

Ordsall Lane

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop YMCA 0.1 miles
Bus stop Regent Road/Regent Bridge 0.1 miles
Shop Pets at Home 0.1 miles
Bus stop Regent Road/Water Street 0.1 miles
Train station Salford Central 0.5 miles
Train station Deansgate 0.6 miles
University University of Salford 0.8 miles
University University of Salford Peel Park Campus 0.8 miles
Hospital Salford Gastric Bypass Surgery 1.5 miles
Hospital Braeburn House 1.7 miles

Street-level crime

Category Count
Violence and sexual offences 3
Other crime 1
Other theft 1
Total incidents 5

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
St Philip's CofE Primary School Primary 0.4 miles Good — 19 Oct 2023
Primrose Hill Primary School and Children's Centre Primary 0.5 miles Good — 30 Jun 2022
University of Salford Other 0.6 miles — (No rating)
St Joseph's RC Primary School Primary 0.6 miles Good — 24 May 2022
St Wilfrid's RC Primary School Primary 0.7 miles Good — 25 Jun 2023

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
2 Bed Flat, Ordsall Lane, M5 £1,275/mo 2 0.02 miles OpenRent
2 Bed Flat, Wilburn Basin, M5 £1,350/mo 2 0.02 miles OpenRent
2 Bed Flat, Vista River Tower, M3 £2,100/mo 2 0.07 miles OpenRent
2 Bed Flat, Ordsall Lane, M5 £1,350/mo 2 0.08 miles OpenRent
2 Bed Flat, Port St, M1 £1,850/mo 2 0.1 miles OpenRent
2 Bed Flat, Irwell Building, M5 £1,350/mo 2 0.15 miles OpenRent
2 Bed Penthouse, Middlewood Street, M5 £1,950/mo 2 0.16 miles OpenRent
2 Bed Flat, Block B, M5 £2,300/mo 2 0.22 miles OpenRent
2 Bed Flat, Kelso Place, M15 £1,400/mo 2 0.24 miles OpenRent
2 Bed Flat, Craven St, M5 £1,450/mo 2 0.28 miles OpenRent
2 Bed Flat, Spinners Way, M15 £1,250/mo 2 0.39 miles OpenRent

Average rent: £1,602/mo (11 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.51%
Max investor price (0.8%) £175,000
Target investor price (1%) £140,000
Gross yield 6.1%
Cost-to-rent ratio 16.4×
Monthly cashflow £152/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 2.3%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).

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