Summary - Apartment 11, Irwell Building, Derwent Street M5 4SS
3 bed 1 bath Apartment
Let and managed with parking, concierge and excellent city links.
Three double bedrooms, including ensuite to master
This fourth-floor, three-double-bedroom apartment in the Irwell Building is offered to market with a sitting AST, providing immediate income. Located between Manchester city centre and Salford Quays, the block includes on-site concierge and secure off‑street parking — useful management features for let property.
The flat is approximately 603 sq ft and presented with an open-plan living area, fitted kitchen, ensuite to the master bedroom and a fully tiled main bathroom. It is sold leasehold with 111 years remaining and typical estate services: an annual service charge of £1,836 and ground rent of £330.
For an investor, the current rent of £1,460 pcm produces a gross yield of about 10.3% at the guide price of £170,000 (income-based calculation). Note material costs and constraints: heating is by electric room heaters (higher running costs), the property is within an area classed as deprived, and the apartment is relatively small internally.
This lot will be sold at auction, which can suit buyers seeking a rapid purchase and immediate rental return. Buyers should factor in ongoing charges, potential management or refurbishment costs, and that the property is offered furnished and currently let under an AST.
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