# 3 bedroom apartment for sale (M16 0ZL)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 511, 5 POMONA STRAND, MANCHESTER, OLD TRAFFORD, GREATER MANCHESTER M16 0ZL |
| Price | £283,000 |
| Bedrooms | 3 |
| Last sold | £269,995 Nov 2023 |

## Description

Greenco Property Group are delighted to welcome this Three Bedroom Apartment, located on the 5th Floor of the Manchester Water Towers Development. This property has the added benefit of a large balcony providing excellent City Centre and Waterside views. 

Just a stone's throw away from MUFC Old Trafford and with its own Metrolink Station, residents have easy access to Media City/Salford Quays, bars, restaurants, and shops. The development is part of a huge regeneration and investment area, making it one of the most sought-after properties in the city. Enjoy the bustling city centre and tranquil waterside all in one location.

This property comprises of an open plan living, dining and kitchen space, offering ample amounts of storage and integrated kitchen appliances, a modern three-price bathroom suite, and leading off from the living space is a large balcony with the benefit of incredible views. Three large double bedrooms, with a modern en-suite leading off the master bedroom. This property offers a massive amount of space and comfort. 

This property is currently tenanted at £1,800/month and the contract ends in September 2025. 

Private residents' gym, cinema room, communal space, secure entry system, bicycle storage and an allocated parking spot for this apartment!

Call us now to arrange a viewing on this stunning apartment! 

Leasehold - 240 Years from 30 September 2017

No Ground Rent applicable (One Peppercorn Clause)

Service Charge: £3,313/per annum

## Property Photos

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## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 5 APARTMENT 511 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0ZL | £269,995 | 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 |
|---------|-------|------|------|
| 3 APARTMENT 1111 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0YF | £120,000 | 21/11/2025 | Flat |
| QUAY 5, 240 APARTMENT 11E ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NG | £142,500 | 06/03/2025 | Flat |
| [Same street] 5 APARTMENT 216 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0ZL | £152,995 | 13/02/2024 | Flat |
| METROPOLITAN HOUSE, 20 APARTMENT 29 BRINDLEY ROAD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 9HW | £122,500 | 21/12/2023 | Flat |
| [Same street] 5 APARTMENT 412 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0ZL | £154,995 | 04/12/2023 | Flat |
| [Same street] 5 APARTMENT 505 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0ZL | £179,995 | 24/11/2023 | Flat |
| [Same street] 5 APARTMENT 108 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0ZL | £137,390 | 22/11/2023 | Flat |
| [Same street] 5 APARTMENT 610 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0ZL | £265,995 | 09/11/2023 | Flat |
| [Same street] 5 APARTMENT 506 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0ZL | £208,995 | 07/11/2023 | Flat |
| [Same street] 5 APARTMENT 501 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0ZL | £224,995 | 07/11/2023 | Flat |
| [Same street] 5 APARTMENT 204 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0ZL | £169,995 | 07/11/2023 | Flat |
| [Same street] 5 APARTMENT 705 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0ZL | £164,995 | 06/11/2023 | Flat |
| [Same street] 5 APARTMENT 713 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0ZL | £199,995 | 03/11/2023 | Flat |
| [Same street] 5 APARTMENT 513 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0ZL | £214,000 | 02/11/2023 | Flat |
| [Same street] 5 APARTMENT 312 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0ZL | £154,995 | 02/11/2023 | Flat |
| [Same street] 5 APARTMENT 512 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0ZL | £159,995 | 02/11/2023 | Flat |
| [Same street] 5 APARTMENT 202 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0ZL | £132,995 | 02/11/2023 | Flat |
| 3 APARTMENT 707 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0YF | £219,995 | 01/11/2023 | Flat |
| [Same street] 5 APARTMENT 401 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0ZL | £228,995 | 30/10/2023 | Flat |
| METROPOLITAN HOUSE, 20 APARTMENT 61 BRINDLEY ROAD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 9HW | £132,000 | 21/07/2023 | Flat |
| QUAY 5, 240 APARTMENT 34E ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NG | £125,000 | 14/07/2023 | Flat |
| 15 RADCLYFFE MEWS, SALFORD, GREATER MANCHESTER, M5 3GD | £178,000 | 03/03/2023 | Flat |
| QUAY 5, 240 APARTMENT 29E ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NG | £125,000 | 25/10/2022 | Flat |
| METROPOLITAN HOUSE, 20 APARTMENT 56 BRINDLEY ROAD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 9HW | £130,000 | 13/10/2022 | Flat |
| QUAY 5, 240 APARTMENT 37E ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NG | £160,000 | 30/08/2022 | Flat |
| QUAY 5, 240 APARTMENT 3E ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NG | £117,000 | 08/08/2022 | Flat |
| 1 APARTMENT 406 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0YD | £223,500 | 15/07/2022 | Flat |
| 1 APARTMENT 706 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0YD | £245,000 | 27/05/2022 | Flat |
| 3 APARTMENT 1108 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0YF | £249,995 | 25/05/2022 | Flat |
| 3 APARTMENT 210 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0YE | £277,500 | 10/12/2021 | Flat |
| METROPOLITAN HOUSE, 20 APARTMENT 6 BRINDLEY ROAD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 9HW | £118,400 | 16/09/2021 | Flat |
| 3 APARTMENT 1104 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0YF | £194,995 | 06/08/2021 | Flat |
| 3 APARTMENT 203 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0YE | £179,000 | 04/08/2021 | Flat |
| 3 APARTMENT 214 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0YE | £174,995 | 04/08/2021 | Flat |
| 3 APARTMENT 606 POMONA STRAND, OLD TRAFFORD, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0YE | £252,000 | 04/08/2021 | Flat |

**Street average:** £183,422 (15 sales)
**Area average:** £174,369 (20 sales)

## Price vs local average

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

- **Local average:** £185,054 (36 Flat, M16, 2024–2026)
- **Deviation:** +52.9%

## 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):** £593/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 |
|------|------|------|------|------|
| 3 Bed Flat, Pomona Strand, M16 | £1,950/mo | 3 | 0.01 miles | OpenRent |
| 3 Bed Flat, Pomona Strand, M16 | £2,150/mo | 3 | 0.04 miles | OpenRent |
| 3 Bed Penthouse, Berkeley Square, M5 | £2,000/mo | 3 | 0.19 miles | OpenRent |
| 3 Bed Flat, Bridgewater Wharf, M5 | £1,700/mo | 3 | 0.29 miles | OpenRent |
| 3 Bed End Terrace, Gurner Avenue, M5 | £1,675/mo | 3 | 0.29 miles | OpenRent |
| 3 Bed Flat, Elmira Way, M5 | £1,650/mo | 3 | 0.3 miles | OpenRent |
| 3 Bed Flat, Trafford Road, M5 | £1,600/mo | 3 | 0.4 miles | OpenRent |
| 3 Bed Semi-Detached House, Stanley Road, M16 | £1,550/mo | 3 | 0.41 miles | OpenRent |

**Average rent: £1,784/mo (8 listings)**

## 1% Rule

- **Rent ratio:** 0.6% (weak for cashflow)
- **Max investor price (0.8%):** £211,000
- **Target investor price (1%):** £168,800

*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 £1,688/mo).*

- **Gross yield:** 7.2%
- **Cost-to-rent:** 14×
- **Monthly cashflow:** £380/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 5.6%

*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:** -16.6%
- **10y growth:** 29%

## House Price Index (HM Land Registry)

*Official index for North West; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -7.4%
- **5y growth (index):** 6.8%
- **10y growth (index):** 45.6%

## 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)