Summary - APARTMENT 604, BRIDGEWATER GATE, WODEN STREET M5 4SG
1 bed 1 bath Apartment
Turnkey rental income in a modern city-edge building close to Salford Quays.
- Tenanted, producing £850pcm until 09/02/2026
- Long lease: approximately 241 years remaining
- Service charge £2,560pa and ground rent £240pa
- Electric room heaters only; higher running costs likely
- Built post-2012 with double glazing and balcony
- Close to Salford Quays and Manchester city centre
- Area classified as very deprived; strong rental demand
- Auction sale — purchase subject to auction conditions
A fourth-floor, one-bedroom apartment offered with an existing AST producing £850pcm until 09/02/2026, making this a straightforward income purchase for portfolio buyers. The build is modern (post-2012) with double glazing and a corner position that benefits from natural light and a private balcony overlooking Woden Street.
Practical running costs include an annual service charge of £2,560 and ground rent of £240; the long lease (circa 241 years remaining) provides strong tenure security. Heating is by electric room heaters only, so buyers should expect higher running costs compared with gas-heated flats and consider tenant preferences when re-letting.
Located close to Salford Quays and Manchester city centre, the flat sits in an area with fast broadband and excellent mobile signal, which appeals to renters working in media and the city. The building’s contemporary finish requires only modest upkeep, though the apartment shows everyday wear and would benefit from cleaning and minor cosmetic refresh before marketing to new tenants.
This lot will be sold at auction, suitable for investors comfortable with auction timelines and buying with the current tenancy in place. Note the property sits within a very deprived wider area classification; that brings strong rental demand and yield potential but also means some local streetscape and amenity limitations compared with more affluent locations.
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