Summary - Apartment 503, 1, Pomona Strand, Old Trafford M16 0YD
2 bed 2 bath Not Specified
Modern riverside two-bedroom with balcony and allocated parking, offered at online auction.
Two double bedrooms with en-suite to master
Set on Pomona Island, this modern two-bedroom apartment (built 2017) offers a practical riverside base close to Manchester city centre. The open-plan living/kitchen, high-gloss fitted units and large balcony deliver straightforward, low-maintenance city living with good natural light and contemporary finishes. Allocated off-street parking and secure fob-access lifts add everyday convenience for residents.
This lot is being sold via online auction with a starting bid of £170,000. Buyers should budget for auction-specific costs: a non-refundable 5% deposit on exchange and a reservation fee of up to 6% (inc. VAT) subject to a minimum of £6,000, in addition to the purchase price. The property is leasehold (240 years from 2017), with a service charge around £3,733.36pa (collected quarterly) and ground rent £469.83pa.
Practical considerations: heating is electric (room heaters) and the development relies on electricity as the main fuel. The area is noted as deprived but benefits from very low crime, fast broadband and excellent mobile signal — factors that support rental demand. Market guidance suggests achievable rent of approximately £1,250–£1,350pcm, making this suitable for investors seeking city-centre rental income or buyers wanting a modern pied-à-terre.
Viewings and bidding proceed through the auction process; prospective purchasers should examine the legal pack and obtain solicitors’ advice before bidding. Service charges and ground rent materially affect ownership costs, so factor these into affordability or yield calculations.
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