Summary - Wilburn Basin, Ordsall Lane, Salford, M5 M5 4XR
1 bed 1 bath Apartment
Riverside buy-to-let with strong projected rental yield and resident amenities.
495 sq ft one-bedroom apartment with balcony and open-plan living
This one-bedroom apartment in Wilburn Basin is a compact, modern investment in a riverside development built in 2015. At 495 sq ft it offers an open-plan living/kitchen, balcony and contemporary finishes that appeal to urban renters. The building includes resident amenities such as a gym, cinema room, meeting rooms and landscaped gardens.
The property is sold CASH-only and comes tenanted until August 2026, currently producing £1,150 pcm (projected £1,200 pcm). Documents include an EWS1 form; stated rental yields are around 8–8.7%, making this a clear buy-to-let opportunity for an investor seeking immediate income and a hands-off holding.
Be clear about the running costs and heating specification: the service charge is £1,426 pa, ground rent £300 pa and building insurance about £400 pa. Heating is electric (room heaters) rather than gas, which may affect running costs and tenant appeal. The area is described as deprived overall, though local amenities and transport links are strong for students and commuters.
This leasehold flat has long lease terms (around 243 years remaining) and a Council Tax Band B. Its city-centre proximity, riverside setting and tenant in situ make it suited to cash buyers wanting steady rental returns; buyers seeking owner-occupation or mortgage finance should note the cash-only marketing and tenancy status.
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