Hello everyone, today we are looking at Forshaw Group’s Silkbank. A completed scheme on the bank of the River Irwell. One apartment is left in the portfolio.
For prices, taxes and the whole buying process, see our guide: UK Property Guide
The scheme’s unit types, current price range, floor plans and location: see the project page
Prices and available apartments
The figures below come from the developer’s current stock list, with sold units taken out. Right now 1 unit available.
| Type | Size | Entry price | Available |
|---|---|---|---|
| Two bedroom | 68 m² | £365,000 | 1 |
Project facts
| Developer | Forshaw Group |
| Address | Derwent Street, Salford, M5 4RE |
| Handover | completed |
| Lease length | 999 years |
| Estimated service charge | £3.38 per sq ft |
| Reservation fee | £5,000 |
| Payment plan | simultaneous exchange and completion |
Location and transport
Derwent Street, Salford M5 4RE. The opposite bank of the river is Manchester city centre; Spinningfields and Deansgate are within walking distance.
What the building has
Gym, residents' lounge, co-working space, concierge, post room, secure parking and cycle store.
Tenant profile
Professionals who want to walk into the centre. Being completed means the rental income starts immediately.
The yield
The expected gross rental yield the developer states is 5.2%. This is a projection, not a guarantee; the yield you realise depends on the rental market, the service charge and void periods. A yield worked out without deducting the service charge misleads.
Total cost
On top of the apartment price come stamp duty, legal fees, the land registry fee and, for a buyer living abroad, additional verification fees. You can work out your own scenario in the capital.works purchase cost calculator.
Risks and what to watch for
Stock is almost gone: a single two bedroom apartment is left and it is sold with a tenant in place. On a tenanted purchase, have your solicitor review the terms of the existing tenancy.
Alternatives in the same city
Our portfolio has other schemes in Manchester too. By entry price:
- Furness Quay: from £269,311, completed
- Obsidian: from £323,815, completion Q4 2026
- Velocity: from £327,522, completion Q3 2028
We can work out together which scheme fits your goal, based on your budget, your intended use and your exit plan.
Answers to the most common questions on this topic: Buying property in the UK
Price, size and availability come from the developer’s stock list dated September 2026 and can change. Source: capital.works® API Global portfolio.
