St. Lawrence Street, Manchester M15

Caminada House, Hulme

Under offer
2 beds
£145,000

The property

A corner two bedroom, two bathroom apartment with its own front door and secure underground parking, previously let at £1,400 a month and with its building remediation fully funded.

Under offer

At a glance

Price £145,000
Bedrooms 2 doubles
Bathrooms 2, one en suite
Parking Allocated, secure underground
Previous rent £1,400 a month
Gross yield About 11.5% at the asking price
Building safety Remediation scheduled and fully funded
Tenure Leasehold
EPC C

Living

Open plan, with warm wood flooring

A spacious living and dining room with wood-effect flooring, spotlighting and neutral decoration.

The fitted kitchen has light wood units, dark work surfaces and integrated oven, hob, dishwasher and fridge freezer.

Bedrooms

Two doubles, two bathrooms

The principal bedroom has an en suite shower room. The second double works equally well as a bedroom or a home office.

The family bathroom has a shaped bath with a shower over it and a vanity unit with concealed cistern.

The building

Remediation funded, still mortgageable

There is no EWS1 form for the building, but all the remediation works it needs are scheduled and fully funded, and the buyer receives a deed of certificate exempting them from any of the cost. That keeps the flat mortgageable under the current building safety framework.

Prices in the building are held back while the works go ahead, which is why the yield is as strong as it is and why we think there is room for growth once they are finished.

Photographs

Every room

Layout

Floor plan

Select the plan to enlarge. For guidance only; not to scale.

Location

Around St. Lawrence Street

Caminada House is on St Lawrence Street in Hulme, a short walk from the city centre, Deansgate and the university campuses. It is a corner position with its own front door, and the development has secure entry and a gated underground car park.