2 bedroom apartment for sale

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2 bedroom apartment for sale

Wilburn Basin, Ordsall Lane, Salford M5
£229,500

Price History

Initial price £269,000
11/10/24 £259,000
08/02/25 £245,000
12/04/25 £229,500
Price Change -14.68%

Description

This 2-bedroom, 2-bathroom apartment in the Wilburn Basin development offers a 6.54% rental yield at £1250 per month, with a projected 6.80% yield at £1300 per month. The property is available for investors and is tenanted until August 2025. With a lease term of 250 years from 2017, it's a secure investment opportunity. The apartment is situated in a desirable location along the River Irwell, within walking distance to Spinningfields and its various amenities, including a gym, cinema room, meeting rooms, and landscaped garden. With no parking available, this property is ideal for those who don't need a parking space. The service charge, building insurance, and ground rent are all relatively low, making this a competitive investment opportunity.