2 bedroom apartment for sale

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2 bedroom apartment for sale

Wilburn Basin, Ordsall Lane, Salford, M5
£240,000

Price History

Initial price £250,000
31/10/24 £240,000
Price Change -4.00%

Description

This 2-bedroom, 2-bathroom apartment in the Wilburn Basin development offers a great investment opportunity or a comfortable home for owner-occupants. With 667 square feet of living space, it boasts a 6.25% rental yield at £1250 per month, projected to increase to 6.50% at £1300 per month. The property is part of a thriving community with amenities like a gym, cinema room, meeting rooms, and landscaped gardens. Residents also benefit from proximity to Spinningfields, Regent Road Retail Park, and the River Irwell. With a 250-year lease from 2017, the property comes with a service charge of approximately £1952.18 per annum, building insurance of £537.4 per annum, and ground rent of £300 per annum.