Spacious fifth-floor apartment with balcony and secure parking near Salford and Manchester.
Large 1,088 sq ft, generous two-bedroom layout
A spacious two-bedroom apartment of 1,088 sq ft on the 5th floor, this Adelphi Wharf home offers generous, light-filled living with a large balcony and river outlook. The open-plan lounge/diner, separate fitted kitchen and two double bedrooms make it simple to let to professionals or to live in and run as a short-term let. Secure underground parking is included.
Financially the property is set up for investors: currently tenanted until 03/01/2026 at £1,100 pcm and sold via online auction with a starting bid of £140,000. The lease is long (241 years remaining) and the unit currently produces rental income, so immediate yield is available. The location sits between Salford and Manchester with good transport links and local amenities popular with students and professionals.
There are material costs and conditions to note. Annual service charges are high at £4,563.12 and ground rent is £300 pa. Heating is by electric room heaters rather than a communal gas system; check running costs for your plans. The building is recorded as EWS1 Grade 1B — buyers should satisfy themselves on fire-safety remediation and insurance implications.
This is a practical investment opportunity in a contemporary waterfront development. Buyers planning to occupy should allow for the current tenancy and the apartment’s electric heating; investors will benefit from an existing tenant and long lease but should factor in service charges and EWS1 considerations when modelling returns.
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