Modern Method of Auction
Auction date not yet published
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · M16 0YD
For saleListed 398 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenant in situ We are delighted to offer for sale this stunning two bedroom apartment located at the X1 Manchester Waters, Pomona Island.
Pomona Island is the gateway to the city of Manchester, and this development is sure to be extremely popular with residents looking for high quality rental accommodation in a location which is close to the city centre but remains a tranquil retreat.
X1 Manchester Waters is a great long-term investment, as Manchester is one of UK’s strongest regional economies and is forecast to grow faster than any other Northern city.
This apartment will appeal to investors and home owners alike. The apartment can be found on the fourth floor accessed via security card fob assisted lifts.
Benefits include an open plan reception kitchen room, 2 double bedrooms, en suite to master bedroom, modern fitted 'high gloss' kitchen with breakfast bar, fully tiled modern bathroom, spacious outside balcony.
The apartment also benefits from residents gymnasium and allocated parking.
Service Charges £3,733.36 PA Collected quartely at £933.34 Ground Rent £469.83 PA Lease Length 240 years from September 2017 Tenancy starting on 12/09/2025, this is a 12-month tenancy gaining £1350 (PCM).
Council Tax Band: C Tenure: Leasehold Length of Lease: 232 Annual Ground Rent Amount: £469.00 Annual Service Charge Amount: £3,733.00 Entrance Hall Entrance Hall 2.55m x 1.44m Wood strip flooring, wall mounted intercom,, built in storage cupboard.
Open Plan Living/Dining Open Plan Living/Dining 4.89m x 4.54m Wood strip flooring, wall mounted electric radiator, double glazed patio doors leading out onto a spacious balcony with canal views, opening onto kitchen.
Kitchen Kitchen 3.76m x 3.02m Wood strip flooring, high gloss range of wall and base units, sink and drainer with mixer taps, integrated 'Indesit' electric hob and oven with extractor hood and ceramic splashback, integrated fridge freezer, recessed spotlights to ceiling.
Bedroom 1 Master Bedroom 2.98m x 2.68m Wood strip flooring, wall mounted electric radiator, ceiling to floor double glazed window to front aspect.
En-Suite Shower Room En-Suite Shower Room 2.24m x 1.52m Wood strip flooring, low level w/c, handwash basin, walk in double shower cubicle with power shower, chrome vertical towel warmer, recessed spotlights to ceiling, tiled to compliment.
Bedroom 2 Bedroom 2 4.63m x 2.84m Wood strip flooring, ceiling to floor double glazed window to front aspect, wall mounted electric radiator.
Bathroom Bathroom 2.23m x 1.98m Wood strip flooring, low level w/c, handwash basin, panelled bath with power over shower and splash guard, chrome vertical towel warmer, recessed spotlights to ceiling, tiled to compliment.
Auctioneers Additional Comments Pattinson Auction are referred to below as The Auctioneer.
This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure AML procedures are carried out in accordance with the law Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change.
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 1 Pomona Strand, Old Trafford, Manchester, Greater Manchester, M16 0YD
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