# 2 bedroom apartment for sale (M5 4RS) ## Property Details | Key | Value | |-----|-------| | Address | Derwent Street, Manchester, M5, M5 4RS | | Price | £275,000 | | Bedrooms | 2 | | Bathrooms | 2 | | Last sold | £321,594 | ## 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. ## Property Photos - ![Photo](/listings/photos/165840557/91462) - ![Photo](/listings/photos/165840557/91463) - ![Photo](/listings/photos/165840557/91464) - ![Photo](/listings/photos/165840557/91465) - ![Photo](/listings/photos/165840557/91466) - ![Photo](/listings/photos/165840557/91467) - ![Photo](/listings/photos/165840557/91468) - ![Photo](/listings/photos/165840557/91469) - ![Photo](/listings/photos/165840557/91470) - ![Photo](/listings/photos/165840557/91471) - ![Photo](/listings/photos/165840557/91472) - ![Photo](/listings/photos/165840557/91473) - ![Photo](/listings/photos/165840557/91474) - ![Photo](/listings/photos/165840557/91475) - ![Photo](/listings/photos/165840557/91476) ## Floorplans - ![Floorplan 1](/listings/photos/165840557/91477) - Floorplan 1 ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | BLOCK D WILBURN BASIN D 11.02 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4XU | £505,000 | 19/12/2025 | Flat | | BLOCK B WILBURN BASIN B 5.08 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4XR | £265,000 | 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) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £206,700 (69 Flat, M5, 2024–2026) - **Deviation:** +33% ## Rental Range *ONS Price Index of Private Rents (Salford). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,046/mo - **Realistic:** £1,162/mo - **Optimistic:** £1,278/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Richmond & Hambleton (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £549/mo ## 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, Ordsall Lane, M5 | £1,350/mo | 2 | 0.08 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: £1,568/mo (7 listings)** ## 1% Rule - **Rent ratio:** 0.51% (weak for cashflow) - **Max investor price (0.8%):** £175,000 - **Target investor price (1%):** £140,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £1,400/mo).* - **Gross yield:** 6.1% - **Cost-to-rent:** 16.4× - **Monthly cashflow:** £152/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 2.3% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − 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).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -8.8% - **10y growth:** 29.1% ## House Price Index (HM Land Registry) *Official index for Salford; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -5.6% - **5y growth (index):** 11% - **10y growth (index):** 71.5% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)