3 Bed Flat, Single Let, Manchester, M16 0YE, £240,000

3 Pomona Strand, Manchester, M16, M16 0YE - 5 months ago

Leasehold
Auction
BTL
ROI: 4%
~78 m²
+10 photos

ValuationOvervalued

Sold Prices£88K - £337.5K
Sold Prices/m²£1.4K/m² - £5.3K/m²

 

 

Square Metres

~78.10 m²
Price/m²£3.1K/m²

Value Estimate

£220,455

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£13,200

Total Cash In

£73,200

 

 

Cash Out

 

Rent Range

£900 - £3,500

Rent Estimate

£1,294

Running Costs/mo

£1,029

Cashflow/mo

£265

Cashflow/yr

£3,182

ROI

4%

Gross Yield

6%

Local Sold Prices

34 sold prices from £88K to £337.5K, average is £225.3K. £1.4K/m² to £5.3K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£157.5K06/210.32 miFlat 6, Stanley Court, Stanley Road, Old Trafford, Manchester, Greater Manchester M16 9DL3
£298.3K01/240.55 mi2, Fulford Street, Manchester, Greater Manchester M16 9PU3
£200K02/210.66 mi7, St Lawrence Quay, Salford, Greater Manchester M50 3XT3
£225K01/210.67 mi22, Vancouver Quay, Salford, Greater Manchester M50 3TT3
£262.8K02/230.67 mi47, Vancouver Quay, Salford, Greater Manchester M50 3TU3
£290K12/230.69 mi36, Vancouver Quay, Salford, Greater Manchester M50 3TU3
£270K04/230.72 mi87, Vancouver Quay, Salford, Greater Manchester M50 3TX3
£245K04/230.72 mi78, Vancouver Quay, Salford, Greater Manchester M50 3TX3
£243K04/210.72 mi81, Vancouver Quay, Salford, Greater Manchester M50 3TX3
£337.5K01/230.73 miFlat 112, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ3
£276K10/230.73 mi81, Winnipeg Quay, Salford, Greater Manchester M50 3TY3
£276K10/230.73 mi81, Winnipeg Quay, Salford, Greater Manchester M50 3TY3
£263.3K12/200.73 mi52, Winnipeg Quay, Salford, Greater Manchester M50 3TY3
£140K01/211.04 miFlat 33, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4US3
£137.5K08/211.07 miFlat 37, Carthorpe Arch, Eccles New Road, Salford, Greater Manchester M5 4UR3
£230K04/231.08 mi27, Humberstone Avenue, Manchester, Greater Manchester M15 5EE3
£225K12/221.08 mi11, Humberstone Avenue, Manchester, Greater Manchester M15 5EE3
£227.5K04/241.09 mi40, Woodlawn Court, Manchester, Greater Manchester M16 9RJ3
£225K04/231.17 mi22, Betsham Street, Manchester, Greater Manchester M15 5JN3
£265K04/231.29 mi34, Taylors Road, Stretford, Manchester, Greater Manchester M32 0JJ3
£141.5K10/231.33 miFlat 2, Darley House, My Street, Salford, Greater Manchester M5 5GJ3
£219.9K02/211.37 miApartment 45, Central Court, Melville Street, Salford, Greater Manchester M3 6DH3
£178.5K11/201.51 mi25, Bevill Square, Salford, Greater Manchester M3 6BB3
£235K07/231.51 mi25, Bevill Square, Salford, Greater Manchester M3 6BB3
£177K07/211.54 mi34, Lockett Gardens, Salford, Greater Manchester M3 6BJ3
£150K10/201.55 mi42, Linen Court, Salford, Greater Manchester M3 6JG3
£145.5K06/211.59 mi2, Osborne Street, Salford, Greater Manchester M6 5LG3
£275K12/201.73 miApartment 21, Velvet Court, Granby Row, Manchester, Greater Manchester M1 7AB3
£88K11/211.73 mi63, Sugar Mill Square, Salford, Greater Manchester M5 5EB3
£112.3K03/211.73 mi43, Sugar Mill Square, Salford, Greater Manchester M5 5EB3
£150K03/211.75 mi39, Ingleby Court, Stretford, Manchester, Greater Manchester M32 8PY3
£225.5K08/221.79 miFlat 18, Norwood Court, Norwood Road, Stretford, Manchester, Greater Manchester M32 8PL3
£242.5K08/231.9 mi15, Lockton Close, Manchester, Greater Manchester M1 7JG3
£200K12/221.92 mi27, Lockton Close, Manchester, Greater Manchester M1 7JG3

Local Rents

50 rents from £900/mo to £3.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,75005/240 miPomona Strand, Manchester, Greater Manchester, M163
£1,75005/240 miPomona Strand, Manchester, Greater Manchester, M163
£3,00012/240.01 mi-3
£2,10005/240.03 mi-3
£3,00012/240.03 mi-3
£2,00012/240.03 mi-3
£1,75005/240.2 miManchester Waters, 1 Pomona Strand, Old Trafford, Manchester, M163
£1,30005/240.22 miTaylorson Street, Salford, Lancashire, M53
£1,50005/240.23 miRadclyffe Mews, Salford, M53
£1,50006/240.23 miRadclyffe Mews, Salford, M53
£1,50006/240.23 mi-3
£1,70003/250.23 mi-3
£2,10605/240.28 miWestpoint, Chester Road3
£1,25004/250.29 mi-3
£1,55005/240.3 miGurner Avenue, Salford3
£1,71505/240.31 miOrdsall Lane, Manchester, Greater Manchester, M53
£1,69405/240.31 miOrdsall Lane, Manchester, Greater Manchester, M53
£1,77005/240.31 miOrdsall Lane, Manchester, Greater Manchester, M53
£1,25005/240.32 miGilbert House, Elmira Way, Salford, M53
£1,60005/240.34 miThe Gateway, 15 Trafford Road, Salford, M53
£1,78005/240.37 miClippers Quay Salford M503
£2,50003/250.38 mi-3
£1,70002/250.42 mi-3
£1,79005/240.42 miBotanica, Chester Road, Manchester, M153
£1,75005/240.42 miBotanica, Chester Road, Manchester, M153
£1,70005/240.42 miBotanica, Chester Road, Manchester, M153
£1,45005/240.44 miCooke Place, Salford3
£1,65003/250.44 mi-3
£1,59505/240.45 miMerchants Quay, Salford Quays, Salford, Lancashire, M503
£1,40005/240.45 miSalford M53
£90005/240.45 miGreenwood Terrace, Salford, M53
£2,90003/250.46 mi-3
£2,50004/250.47 mi-3
£1,80005/240.47 miVox, Trentham Street, M153
£1,80005/240.47 miDock Office, Salford, M503
£1,80006/240.47 mi-3
£2,00002/250.47 mi-3
£1,85005/240.47 miDock Office, Trafford Road, Salford, Greater Manchester, M503
£2,00005/240.48 miWaterhouse, 14 Worrall St, Salford, M53
£1,60012/240.5 mi-3
£1,60012/240.5 mi-3
£2,60005/240.5 mi-3
£3,50012/240.5 mi-3
£3,00002/250.5 mi-3
£3,50012/240.5 mi-3
£3,00003/250.5 mi-3
£2,49504/250.5 mi-3
£3,00005/240.5 mi-3
£3,00005/240.5 mi-3
£1,65012/240.51 miLowry Wharf, The Riley Building, Derwent Street, Salford, M5 4TA3

Local Area Statistics

Population in M16

35,559

Population in Manchester

920,095

Town centre distance

1.29 miles away

Nearest school

0.40 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Buyer's market

Capital growth (5yrs)

+80%

Property History

Price changed to £240,000

February 4, 2025

Listed for £250,000

November 12, 2024

Floor Plans

Description

  • BEING SOLD BY GOTO ONLINE AUCTIONS +
  • BUY-IT-NOW OPTION AVAILABLE +
  • BUYER's FEES APPLY +
  • 3 DOUBLE BEDROOMS +
  • PRIVATE GYM +
  • CINEMA ROOM +
  • 24/7 CONCIERGE +
  • NO CLADDING ISSUES +
  • ALLOCATED PARKING SPACE +
  • EN-SUITE TO MASTER BEDROOM +

The Property
Brand new to the market is this stunning apartment situated on the 2nd floor of this brand new development. Enter through the hallway with a spacious open plan lounge/kitchen/diner with floor-to-ceiling dual aspect views, integrated appliances and ample living & dining space. The master bedroom benefits from an en-suite shower room. The second double bedroom is also generously sized as is the third bedroom and last but not least the beautiful main bathroom completes the property with the latter providing a bath with overhead shower, toilet and basin.

The communal areas within the development provide luxury amenities for the residents including a ground floor gym & cinema room and a 24hr concierge service. The whole building is positioned canal side and offers stunning views across the water. This property comes with its own allocated parking space making it one of the most desirable apartments in the complex.

The Manchester Waters complex is situated on the banks of the famous Manchester Ship Canal and Pomona Strand is walking distance from the Pomona Tram Stop. White City retail park is just a short walk away providing a host of restaurants, coffee shops and supermarkets. The property is situated directly in between Manchester City Centre and Salford Quays in the shadows of Old Trafford football stadium.

This property is absolutely beautiful and will attract first time buyers as well as high end investors looking to expand their portfolio so early viewing is a must!

Leasehold Information: 240 years (less 9 days) from 30 March 2017

Specification
Material information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.

Property Description
Being Sold by GOTO Online Auction

Starting Bids from £250,000

Buy it now option available

Please call or visit Purplebricks Online Auctions for more information.

This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been received by the buyer’s solicitor (or 10 working days after receipt of the buyer’s premium, whichever is earlier). Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee called a Buyer’s Premium. This secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.

Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.

To book a viewing visit Purplebricks.

General Information
Auctioneer's Comments

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.

The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from our website or requested from our Auction Department.

Buyer Fees
• Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of 3.6% of the purchase price including VAT (this is subject to a minimum amount of £6,600 including VAT) and a Legal Pack fee of £372 including VAT. This secures the transaction and takes the property off the market.
• Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 29/03/2257

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Manchester

0161 524 9265

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪