Summary - APARTMENT 302, BRIDGEWATER GATE, WODEN STREET, SALFORD M5 4SG
1 bed 1 bath Apartment
Compact modern one-bed with strong rental yield near Cornbrook Metrolink.
One-bedroom third-floor apartment with integrated kitchen appliances
Advertised gross rental yield approx. 8.15% (investment focus)
241 years remaining on lease — long leasehold security
Service charge £2,560pa; relatively high running costs
Ground rent £240pa; sold leasehold
Heating via electric room heaters — higher energy costs possible
No private garden; rooftop communal space and concierge
Sold by Modern Method of Auction — 4.5% reservation fee (min £6,600)
This third-floor one-bedroom apartment at Bridgewater Gate offers a compact, modern buy-to-let opportunity close to Cornbrook Metrolink and local amenities. The open-plan living/kitchen has integrated appliances and floor-to-ceiling glazing, while the bedroom and bathroom are presented in contemporary finishes. EPC B supports energy efficiency and tenant appeal.
Leasehold terms are straightforward for an investor: 241 years remaining, but note a relatively high annual service charge of £2,560 and ground rent of £240. Heating is by electric room heaters and the property has an L-shaped layout with no private garden—factors to consider for running costs and tenant comfort.
This lot is being sold via the Modern Method of Auction. Buyers must allow for the non-refundable Reservation Fee (4.5% of the purchase price, minimum £6,600) and a Buyer Information Pack fee (£349 inc. VAT). Mortgage buyers should confirm lending with their lender before bidding; EWS1 is in place which helps mortgageability.
For a landlord seeking immediate rental income in a major conurbation, the advertised gross yield of c.8.15% is attractive. Balance that potential return against the service charge level, electric heating, and the development’s urban, high-deprivation location when forecasting net yields and tenant demand.
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