For sale Flat

Apartment 607

SILKBANK WHARF, 21, DERWENT STREET, SALFORD, GREATER MANCHESTER M5 4EP

1 beds 1 baths Listed 10 Mar 2026 (-95d)

£190,000

Offers in Excess of

Reduced on 1 Apr 2026 · Was £200,000

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Property details

Tenure

LEASEHOLD

Last sold

£208,750 Apr 2024

Local average

£206,700 (-8.1%)

Deprivation

Decile 6 (16,927 of 33,755)

Street crime

4 incidents within 1 mile (Apr 2026)

Key features

  • Council Tax Band C
  • Leasehold 999 years from and including 01 January 2022
  • Ground Rent £190 p/a and Service Charge c. £1270 p/a
  • EWS1 Form Available A1 Rating
  • Bright open-plan kitchen, lounge and dining space with modern fitted units and central island
  • Secure development with well-maintained communal areas
  • Generous Double Bedroom
  • Prime Salford location close to Manchester city centre
  • Close to Salford Central and Salford Crescent railway stations with services into Manchester
  • Viewing Advised

Description

Modern apartment set within a popular and well-connected part of Salford, offering bright open-plan living and excellent access to Manchester city centre. Surrounded by shops, restaurants, riverside walks and superb transport links including rail, Metrolink and major road routes.



Set within a vibrant and rapidly evolving part of Salford, this attractive home offers modern living in a highly convenient location surrounded by excellent amenities, green spaces and outstanding transport connections. The area has become increasingly popular with both first-time buyers and investors thanks to its close proximity to Manchester city centre, thriving local communities and extensive regeneration.

The property itself offers bright and contemporary accommodation, centred around a spacious open-plan kitchen, lounge and dining area designed to maximise natural light and create a comfortable, sociable living space. Large windows allow light to flow throughout the room while also offering pleasant views across the surrounding urban landscape and nearby waterways. The kitchen is fitted with modern cabinetry, integrated appliances and sleek work surfaces, complemented by a central island that provides both additional preparation space and informal seating, making it ideal for everyday living and entertaining.

The bedroom is well proportioned and benefits from a high spec bathroom

Residents benefit from secure entry and well-maintained communal areas within the development, while the surrounding neighbourhood provides a wide range of amenities within easy reach. Local shops, supermarkets, cafes and restaurants can be found nearby, while the nearby retail parks and shopping destinations offer an even broader selection of everyday conveniences and leisure facilities.

The location is particularly well suited to those who commute or enjoy easy access to the city. Manchester city centre is just a short distance away, offering world-class shopping, dining, entertainment and employment opportunities. Excellent transport connections include nearby rail stations with regular services into the city centre, convenient Metrolink tram routes and quick access to major road networks including the M602 and M60, allowing easy travel across Greater Manchester and beyond.

For those who enjoy outdoor space, the nearby riverside walkways and green areas provide pleasant settings for walking, running and relaxing by the water, while a number of parks and recreational spaces can also be found within the wider area.

Combining modern accommodation with a location that offers both convenience and lifestyle appeal, this property represents a fantastic opportunity to enjoy city-fringe living in one of Salford's most well-connected and fast-growing neighbourhoods.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It
works like a typical sale, with a number of added benefits to the buyer.
Benefits
o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being " gazumped "
o The full focus of our highly motivated team
Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.
All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.
Deposit
Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.
This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you,
eliminating gazumping, time wasting and financial loss.
An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This
gives the buyer exclusive rights to purchase within a pre-agreed timeframe.
Exclusivity
Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks).
During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved,
so there will be no risk of gazumping.
Process
Our Premium Fast Sale Plus follows the below process:
STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete
Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.
If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started.
This will help you to avoid missing out on this opportunity.
Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.
Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality
purposes.
Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.
Please call us now to book an appointment.
Call Recording
Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.
Disclaimer
Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:
The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.
TENURE
To be confirmed by the Vendor's Solicitors
Note
The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.
How to View this Property
Viewing is strictly by appointment please call us now for bookings.
AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Listed by

Nationwide

Springbok Properties Ltd

Reference: 173099171

EPC ratings on this postcode

We don't have a matched EPC for this property yet. Below are efficiency scores and details for other addresses on this postcode.

Address Current Potential Floor area Age band Type
101 Silkbank Wharf, 21 Derwent Street 78 78 68 m² 2021 Flat
101 Silkbank Wharf, 21 Derwent Street, Salford 78 78 68 m² Flat
102 Silkbank Wharf, 21 Derwent Street 82 82 39 m² 2021 Flat
102 Silkbank Wharf, 21 Derwent Street, Salford 82 82 39 m² Flat
103 Silkbank Wharf, 21 Derwent Street 82 82 39 m² 2021 Flat
103 Silkbank Wharf, 21 Derwent Street, Salford 82 82 39 m² Flat
104 Silkbank Wharf, 21 Derwent Street 76 76 64 m² 2021 Flat
104 Silkbank Wharf, 21 Derwent Street, Salford 76 76 64 m² Flat
105 Silkbank Wharf, 21 Derwent Street 81 81 72 m² 2021 Flat
105 Silkbank Wharf, 21 Derwent Street, Salford 81 81 72 m² Flat
106 Silkbank Wharf, 21 Derwent Street 76 76 68 m² 2021 Flat
106 Silkbank Wharf, 21 Derwent Street, Salford 76 76 68 m² Flat
107 Silkbank Wharf, 21 Derwent Street 81 81 39 m² 2021 Flat
107 Silkbank Wharf, 21 Derwent Street, Salford 81 81 39 m² Flat
108 Silkbank Wharf, 21 Derwent Street 81 81 39 m² 2021 Flat

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

Floorplan

EPC Graphs

EPC

EPC

Price history

Event Date Price % change
Listed for sale £190,000 -9%
Sold 17/04/2024 (2 years ago) £208,750

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
2 APARTMENT 226 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GQ £205,000 06/02/2026 Flat
1 APARTMENT 1136 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4LE £210,000 09/01/2026 Flat
4 APARTMENT 454 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GT £210,000 09/01/2026 Flat
TIMBER WHARF, 32 APARTMENT 226 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NX £188,000 08/01/2026 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
THE BOX WORKS, 4 APARTMENT 410 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NU £230,000 15/12/2025 Flat
2 APARTMENT 2111 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GR £180,000 05/12/2025 Flat
2 APARTMENT 234 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GQ £216,000 28/11/2025 Flat
4 APARTMENT 426 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GT £209,950 28/11/2025 Flat
THE BOX WORKS, 4 APARTMENT 202 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NU £266,250 28/11/2025 Flat
9 APARTMENT 4 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YG £156,000 28/11/2025 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
7 APARTMENT 404 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YE £143,000 04/11/2025 Flat
THE RIVERSIDE APARTMENT 81 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SU £255,000 24/10/2025 Flat
THE BOX WORKS, 4 APARTMENT 302 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NU £250,000 10/10/2025 Flat
IRWELL BUILDING APARTMENT 79 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SS £188,000 19/09/2025 Flat

Area average: £229,860 (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: £449/mo (Apr 2025 – Mar 2026)

Location

Address

Irwell River Park

Nearby

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

Type Name Distance
Bus stop Regent Road/Water Street 0.1 miles
Bus stop ORDSALL Lane/Regent Road 0.1 miles
Shop Porcelanosa 0.1 miles
Shop Little Waitrose 0.2 miles
Train station Deansgate 0.5 miles
Train station Salford Central 0.7 miles
University University of Salford 0.8 miles
University Manchester Metropolitan University - Birley Fields Campus 0.9 miles
Hospital Salford Gastric Bypass Surgery 1.5 miles
Hospital Braeburn House 1.8 miles

Street-level crime

Category Count
Violence and sexual offences 2
Other crime 1
Other theft 1
Total incidents 4

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 0.5 miles Good — 19 Oct 2023
Primrose Hill Primary School and Children's Centre Primary 0.5 miles Good — 30 Jun 2022
St Joseph's RC Primary School Primary 0.6 miles Good — 24 May 2022
St Wilfrid's RC Primary School Primary 0.6 miles Good — 25 Jun 2023
Old Trafford Community Academy Primary 0.7 miles (Inspected (no overall grade))

Rental Comparables

Rental listings exist nearby, but none matched the 1-bedroom count for this property.

Rent-driven metrics

Based on Area rent estimate.

Rent ratio 0.61%
Max investor price (0.8%) £145,250
Target investor price (1%) £116,200
  • 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).

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