Summary - Apartment 802, 1, Pomona Strand, Old Trafford M16 0YD
1 bed 1 bath Not Specified
Tenanted studio near Pomona tram — immediate income and regeneration upside.
Tenanted studio with immediate rental income potential
A tenanted studio apartment at Manchester Waters, offered with immediate rental income. The unit is compact (advertised at 25sqm) with floor-to-ceiling windows, integrated appliances including washer/dryer, and modern open-plan finishes. Residents benefit from onsite gym, cinema room and overnight security — desirable amenities that support lettability and long-term demand.
Financially transparent for investors: this leasehold property has 240 years remaining, a service charge of £1,253.59 (average) and an average ground rent of £469.83. Marketing material lists current rent achieved at £775pcm with rent achievable up to £1,000pcm — a clear short-term uplift opportunity subject to market and management.
Practical considerations: heating is electric via room heaters and the apartment is on a modern development near Pomona tram stop, MediaCity and Manchester city centre, giving excellent connectivity. The local area is described as deprived and the property is in a neighbourhood of young ethnic communities; consider this when assessing tenant profiles and long-term capital growth assumptions.
This is a hands-off, let-ready purchase for a buy-to-let investor seeking immediate income and asset exposure to a major regeneration area. The strong lease length and onsite amenities are positives, but higher service charges, ground rent and electric heating should be factored into net yield calculations.
Studio flat for sale in Manchester Waters, 1 Pomona Strand, Old Trafford, Manchester, M16 — £119,995 • 1 bed • 1 bath
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Studio flat for sale in Pomona Strand, Manchester, Greater Manchester, M16 — £149,995 • 1 bed • 1 bath
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Studio flat for sale in Pomona Strand, Manchester, Greater Manchester, M16 — £149,995 • 1 bed • 1 bath
