# 2 bedroom penthouse for sale (M16 0ZN)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 1401, 5 POMONA STRAND, MANCHESTER, OLD TRAFFORD, GREATER MANCHESTER M16 0ZN |
| Price | £200,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Council tax | C |
| Last sold | £274,995 Nov 2023 |

## Description

TO BE SOLD BY ONLINE AUCTION ON 10TH-11TH JUNE, 2026, UNLESS SOLD PRIOR UNDER AUCTION TERMS

Two Bedroom Penthouse (14th Floor) Apartment - Manchester Water Towers.

Has elevated views across the city skyline and surrounding waterside.

The property is accessed via a secure communal entrance with lift access and comprises an entrance hallway, open plan living/dining/kitchen area with integrated appliances and access to a large private balcony, two double bedrooms (principal with ensuite), and a separate three-piece bathroom and partially furnished – sold as seen.

The development has on-site facilities including a private residents’ gym, cinema room, communal spaces, secure entry system, bicycle storage and an allocated parking space.

Leasehold – 240 years from 30 September 2017 and No Ground Rent (peppercorn)

Service Charge: £2,048 per annum

Located within close proximity to Old Trafford Football Stadium and Lancashire County Cricket Club, with direct access to a Metrolink station serving Manchester City Centre, MediaCityUK and Salford Quays. The property also offers convenient access to the M60, M56 and A56 road networks, as well as Trafford Park.

Nearby amenities include Salford Quays and MediaCityUK offering a range of bars, restaurants and leisure facilities, along with White City Retail Park and the Trafford Centre. Local shops and everyday amenities are also within easy reach. The area is subject to ongoing regeneration and investment.

Suitable for investment or owner occupation.

Here is a similar property which highlight the potential: Hulme Street, Manchester, M5 – two-bedroom penthouse recently sold £300,000

Penthouse apartments within Manchester command a premium due to their position, views and outside space, with comparable units regularly achieving significantly higher values than standard apartments. Rental values for similar properties £1,400 per calendar month, rising to £1,500+ for higher specification units with premium facilities and views.

## Property Photos

- ![2.jpeg](/listings/photos/174749948/557399) - 2.jpeg
- ![3.jpeg](/listings/photos/174749948/557400) - 3.jpeg
- ![4.jpeg](/listings/photos/174749948/557401) - 4.jpeg
- ![5.jpeg](/listings/photos/174749948/557403) - 5.jpeg
- ![6.jpeg](/listings/photos/174749948/557405) - 6.jpeg
- ![7.jpeg](/listings/photos/174749948/557407) - 7.jpeg
- ![8.jpeg](/listings/photos/174749948/557408) - 8.jpeg

## Floorplans

- ![Floorplan.jpg](/listings/photos/174749948/557409) - Floorplan.jpg

## EPC Graphs

- ![EPC epcgraph.co.uk](/listings/photos/174749948/557410) - EPC epcgraph.co.uk

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 5 APARTMENT 1401 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0ZN | £274,995 | 07/11/2023 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| UNIT 30 WATERS EDGE BUSINESS PARK, SALFORD, GREATER MANCHESTER, M5 3EZ | £215,000 | 19/03/2025 | Other |
| UNIT 6 WATERS EDGE BUSINESS PARK, SALFORD, GREATER MANCHESTER, M5 3EZ | £750,000 | 14/03/2025 | Other |
| UNIT 23 WATERS EDGE BUSINESS PARK, SALFORD, GREATER MANCHESTER, M5 3EZ | £225,000 | 26/09/2024 | Other |
| 7 DARWEN STREET, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 9HT | £600,000 | 31/05/2023 | Other |
| UNIT 26 WATERS EDGE BUSINESS PARK, SALFORD, GREATER MANCHESTER, M5 3EZ | £155,000 | 15/02/2023 | Other |
| UNIT 36 WATERS EDGE BUSINESS PARK, SALFORD, GREATER MANCHESTER, M5 3EZ | £1,500 | 22/12/2022 | Other |
| UNIT 7 HAGLEY ROAD, SALFORD, GREATER MANCHESTER, M5 3EY | £870,000 | 15/09/2022 | Other |
| 325 UNIT 10 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3LW | £662,500 | 28/07/2022 | Other |
| TRAFFORD BANK HOUSE, 32 BRINDLEY ROAD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 9SD | £2,000,000 | 27/06/2022 | Other |
| UNIT 29 WATERS EDGE BUSINESS PARK, SALFORD, GREATER MANCHESTER, M5 3EZ | £527,500 | 09/05/2022 | Other |
| UNIT 31 WATERS EDGE BUSINESS PARK, SALFORD, GREATER MANCHESTER, M5 3EZ | £609,000 | 15/02/2022 | Other |
| 3 APARTMENT 903 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0YF | £240,840 | 09/08/2021 | Other |
| UNIT 9 HAGLEY ROAD, SALFORD, GREATER MANCHESTER, M5 3EY | £1,102,800 | 15/06/2021 | Other |

**Area average:** £612,242 (13 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £515,125 (8 Other, M16, 2024–2026)
- **Deviation:** -61.2%

## Rental Range

*ONS Price Index of Private Rents (North West). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £856/mo
- **Realistic:** £951/mo
- **Optimistic:** £1,046/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for East Lancs (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £474/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Syren Apartments, M50 | £1,450/mo | 2 | 0.4 miles | OpenRent |

**Average rent: £1,450/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.73% (weak for cashflow)
- **Max investor price (0.8%):** £181,250
- **Target investor price (1%):** £145,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,450/mo).*

- **Gross yield:** 8.7%
- **Cost-to-rent:** 11.5×
- **Monthly cashflow:** £492/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 10.2%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 30.6%
- **10y growth:** 1150%

## House Price Index (HM Land Registry)

*Official index for North West; All dwelling types series; as of March 2026.*

- **1y growth (index):** -0.8%
- **5y growth (index):** 22%
- **10y growth (index):** 63.2%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)