2 bed flat for sale

St. Lawrence Street, Caminada House M15

Tenure: Leasehold

This property is under offer at £142,000 as of Sunday 16th August. For a new offer to be entertained, it would need to be a cash offer at or above the asking price.

Positioned in a corner plot, with its own front door, in the well-established Caminada House development on St Lawrence Street in Hulme, this spacious two-bedroom, two-bathroom apartment represents an outstanding opportunity for both astute buy-to-let investors and first-time buyers alike.

Having previously achieved a rental income of 1400 per calendar month, the property delivers an extraordinary potential gross yield of 11.5% at the asking price. While there is no EWS1 form in place, all required remediation works are fully scheduled and funded. A Deed of Certificate will be provided to completely exempt the buyer from associated remediation costs, keeping the property mortgageable and paving the way for strong capital appreciation in a location benefiting from ongoing city-centre expansion.

The spacious main living area features warm wood-laminate flooring, spotlighting, and is decorated in modern neutral tones. The fitted kitchen includes light-wood cabinetry, dark surfaces, a circular stainless steel double sink, cream metro tile backsplash, an integrated hob, oven, dishwasher and fridge/freezer.

The primary bedroom is finished with soft plush carpeting, modern neutral decor and a private en-suite shower room fitted with a corner glass shower cubicle, pedestal sink, and chrome fittings. The second double bedroom is finished in the same neutral tones, and wood make an excellent home office.

The main family bathroom features a curved p-shaped bath with overhead shower attachment, a vanity unit with a hidden-cistern WC, an integrated wash basin and cream wall tiling with navy blue accent trim.

The development is accessed via secure entry systems and includes a dedicated parking space within the secure underground carpark.

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  High-Yield Investment: Exceptional rental history at 1400pcm, generating up to an 11.5% gross yield at the asking price
  
  
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  Funded Building Works: Remediation works are scheduled and fully funded; a Deed of Certifcate guarantees complete cost exemption for the buyer
  
  
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  Mortgageable Property: Eligible for mortgage lending under update building safety framework guidelines
  
  
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  Secure Underground Parking: Includes a dedicated space within the gated underground carpark.
  
  
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  Two Bathrooms: Features a primary en-suite shower room plus a family bathroom
  
  
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  Spacious Open-Plan Layout: Light-filled kitchen, dining and living space tailored for modern city living
  
  
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  Capital Growth Potential: Ideally located near Manchester City centre, the university campuses, and Deansgate, with currently depressed prices due to building works