Summary - Manchester Waters, 1 Pomona Strand, Old Trafford, Manchester, M16 M16 0YD
1 bed 1 bath Flat
Modern waterfront one-bed with tenant income and long lease — strong investor pick.
Waterfront one-bedroom with floor-to-ceiling windows and open-plan living
Tenant in situ earning £1,025pcm; tenancy runs to August 2026
EWS1 certificate present; built 2017 with 240 years lease remaining
Service charge ~£2,356.75 pa; ground rent ~£469.83 pa (RPI review)
Electric main heating via room heaters — potentially higher running costs
Excellent transport: Pomona Strand tram stop ~2-minute walk
Low flood risk and very low local crime rates
Local area classed as deprived; consider wider social-economic context
This bright one-bedroom apartment on Pomona Island offers clear investor appeal: floor-to-ceiling windows, waterfront views and an existing tenancy producing £1,025pcm until August 2026. The flat sits on the second floor of a 2017 block with an EWS1 certificate in place and a long lease of 240 years, reducing medium-term legal risk for mortgage lenders.
The interior is contemporary and practical with an open-plan layout and modern fittings. Transport links are strong — Pomona Strand tram stop is around a two-minute walk — helping tenant demand. The building forms part of a wider regeneration scheme for Manchester Waters, which could support capital growth over time.
Buyers should note the ownership costs: an annual service charge of about £2,356.75 and ground rent about £469.83 (five-year RPI review). Heating is electric via room heaters, and the property uses electricity as the main fuel, which may affect running costs compared with gas-heated homes. The local area scores as deprived, though crime levels are very low and mobile/broadband connectivity is good.
This is best suited to investors seeking an income-producing, low-flood-risk apartment in a well-connected waterfront location. Owner-occupiers should consider the tenant-in-situ and ongoing service and ground rent commitments when weighing running costs against the home's benefits.
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