Summary - CAMINADA HOUSE, 3 APARTMENT 60 ST LAWRENCE STREET MANCHESTER M15 4DY
2 bed 2 bath Apartment
High-yield buy-to-let with parking and private balcony, ready for quick completion.
- Two double bedrooms, main with en suite
- Approximately 734 sq ft open-plan living space
- Vacant leasehold with c.104–105 years remaining
- Achievable rent approx. £1,200 PCM (high gross yield)
- Service charge c. £2,358pa; ground rent £100pa
- Electric room heaters (no central gas heating)
- Secure allocated off-street parking and private balcony
- Sold at online auction with six weeks’ completion
A vacant two-bedroom apartment on the edge of Manchester city centre, offered for sale by online auction with six weeks’ completion. The property totals about 734 sq ft, has an open-plan living area with balcony, two bathrooms (one en suite) and secure allocated off-street parking — attractive features for buy-to-let investors seeking immediate re-lettable stock.
The building was completed in 2005 and benefits from a long lease (about 104–105 years remaining) and double glazing. Achievable rental income is estimated at around £1,200 pcm, giving a high gross yield near 16% at the guide price, and the flat is currently vacant so can be let quickly or resold.
Buyers should note a service charge of approximately £2,358 per year and a ground rent of £100 per year. Heating is electric, provided by room heaters rather than a central gas system, which may affect running costs and appeal to some tenants. The wider local area is classified as very deprived, though it attracts multi-ethnic professional and inner-city cosmopolitan populations — sustained rental demand is likely from city workers.
The apartment’s concrete/brick modernist block shows elevated walkways and external elements that may require ongoing maintenance. The flat is suitable for investors or those prepared to carry minor upgrades; sale via auction means a swift completion is required and purchasers should be ready to proceed within the stated timescale.
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