Summary - 94 The Riverside M5 4SU
2 bed 2 bath Apartment
South‑west Riverside apartment with strong rental income and long lease.
- 2 bedrooms, 2 bathrooms; 645 sq ft open-plan layout
- South-west facing with Juliette balcony and river views
- Currently let: 7.14% gross yield at £1,250 pcm (periodic tenancy)
- Long lease remaining (circa 242 years)
- Service charge approx. £1,592 pa; ground rent approx. £456.82 pa
- Electric room heaters (no communal gas) — potentially higher bills
- Gated waterside development near Cornbrook, Deansgate and Salford Central
- Located in a student/commuter neighbourhood; area-classified as deprived
This two-bedroom apartment in Lowry Wharf Riverside offers a straightforward investment or city-base for commuters. At 645 sq ft, the open-plan living space, fitted modern kitchen and Juliette balcony face south-west, bringing good light and river glimpses. An EWS1 form is available and the building is gated with landscaped riverside access.
Currently achieving a 7.14% gross rental yield at £1,250 pcm, the property suits investors seeking immediate income; mortgage buyers and owner-occupiers are also welcome. Transport links are strong — Cornbrook, Deansgate and Salford Central are within easy reach, plus major amenities at Regent Road retail park and nearby cultural venues.
Buyers should note the home uses electric room heaters rather than a communal gas system, which can mean higher running costs. The development sits in a cosmopolitan, student-and-commuter neighbourhood with an overall area classification of higher deprivation. Service charge and ground rent apply (approx. £1,592 and £456.82 pa respectively). EPC rating C and Council Tax band B (listed as cheap) are further practical details.
Lease length is long-term (around 242 years remaining), making this a straightforward leasehold purchase. The apartment is best for buyers wanting low-decor upkeep, rental potential and central waterside living — but those prioritising low-energy heating or a quieter residential area should consider the listed running-cost and local-demographic points.
2 bedroom apartment for sale in The Riverside, Derwent Street, Salford, M5 — £230,000 • 2 bed • 2 bath • 630 ft²
2 bedroom apartment for sale in The Riverside, Derwent Street, Salford, M5 — £245,000 • 2 bed • 2 bath • 630 ft²
2 bedroom apartment for sale in Riverside, Derwent Street, Salford, M5 — £171,000 • 2 bed • 2 bath • 645 ft²
2 bedroom apartment for sale in Riverside, Derwent Street, Salford, M5 — £190,000 • 2 bed • 2 bath • 645 ft²
2 bedroom apartment for sale in Water Street, Manchester, M3 — £220,000 • 2 bed • 2 bath • 621 ft²
2 bedroom flat for sale in Gresham Mill, South Hall Street, Salford, Greater Manchester, M5 — £155,000 • 2 bed • 1 bath
