For sale Flat

Vie Building

191 Water Street, Manchester, M3 4JA

2 beds 1 baths Listed 17 Jun 2026 (-33d)

£170,000

Guide Price

Reduced on 11 Jul 2026

Save

Listing type

Auction

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Property details

Listing category

Auction

Tenure

LEASEHOLD (103 years remaining on lease)

Council tax band

D

Local average

£283,642 (-40.1%)

Deprivation

Decile 9 (27,973 of 33,755)

Street crime

0 incidents within 1 mile (May 2026)

Key features

  • TO BE SOLD BY ONLINE AUCTION
  • Planning previously approved
  • Apartment plus large ground floor unit
  • Excellent Transport Links
  • EWS1 available
  • Prime Castlefield location

Additional details

Parking
Yes

Description

TO BE SOLD BY ONLINE AUCTION ON 22ND-23RD JULY 2026 UNLESS SOLD PRIOR UNDER AUCTION TERMS
Apartment 6 The Vie Building, 191 Water Street, Manchester, M3 4JA
A waterside investment opportunity located within the Vie Building at 191 Water Street, in the heart of Castlefield. The property comprises a first-floor two-bedroom apartment together with a substantial ground-floor unit, connected via an internal staircase and benefiting from private access. An EWS1 form is available.
The property has previously benefited from planning permission granted by Manchester City Council (Ref: NFMZKSBC6K000 – approved 3rd February 2015) for the change of use from a live/work unit to residential accommodation. This provides established planning history on the title and supports the residential configuration of the accommodation.
The first-floor apartment comprises two double bedrooms, a bathroom and an open-plan kitchen and living area with access to a balcony. A staircase within the apartment leads down to a private access point connecting to the development car park and also providing entry to the ground floor unit.
The ground floor accommodation is a large open-plan space with floor-to-ceiling windows and doors leading externally. The unit already includes a shower room and a small built-in kitchen area, offering scope for reconfiguration subject to any necessary consents.
The current rental income is £900 per month. Once the ground floor element is utilised in line with the previous planning consent and let, the anticipated combined income is approximately £2,400 per month, presenting a strong dual-income investment opportunity in a prime city centre location within walking distance of Deansgate and Manchester’s retail and business core.

Listed by

Auction

Edward Mellor Ltd

Reference: 89816919

EPC ratings on this postcode

We don't have a matched EPC for this property yet. Below are efficiency scores and details for other addresses on this postcode.

Address Current Potential Floor area Age band Type
Apartment 1, 191 Water Street, MANCHESTER 69 82 68 m² England and Wales: 2003-2006 Flat
Apartment 11, 191 Water Street, MANCHESTER 75 82 52 m² England and Wales: 1996-2002 Flat
Apartment 21, 191 Water Street, MANCHESTER 70 82 56 m² England and Wales: 2003-2006 Flat
Apartment 22, 191 Water Street, MANCHESTER 79 84 62 m² England and Wales: 2003-2006 Flat
Apartment 25, 191 Water Street, MANCHESTER 78 83 48 m² England and Wales: 2003-2006 Flat
Apartment 28, 191 Water Street, MANCHESTER 81 86 41 m² England and Wales: 2003-2006 Flat
Apartment 3, 191 Water Street, MANCHESTER 72 81 55 m² England and Wales: 2003-2006 Flat
Apartment 30, 191 Water Street, MANCHESTER 75 85 66 m² England and Wales: 2007-2011 Flat
Apartment 32, 191 Water Street, MANCHESTER 80 84 67 m² England and Wales: 2003-2006 Flat
Apartment 33, 191 Water Street, MANCHESTER 75 85 74 m² England and Wales: 2007-2011 Flat
Apartment 36, 191 Water Street, MANCHESTER 79 84 53 m² England and Wales: 2003-2006 Flat
Apartment 37, 191 Water Street, MANCHESTER 75 83 52 m² England and Wales: 2003-2006 Flat
Apartment 38, 191 Water Street, MANCHESTER 73 86 44 m² England and Wales: 2003-2006 Flat
Apartment 39, 191 Water Street, MANCHESTER 75 86 47 m² England and Wales: 2003-2006 Flat
Apartment 40, 191 Water Street, MANCHESTER 80 85 45 m² England and Wales: 2003-2006 Flat

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

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EPC Graphs

EPC epcgraph.co.uk

EPC epcgraph.co.uk

Price history

Event Date Price % change
Listed for sale £170,000

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
2 APARTMENT 271 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GQ £175,000 25/02/2026 Flat
2 APARTMENT 226 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GQ £205,000 06/02/2026 Flat
1 APARTMENT 1136 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4LE £210,000 09/01/2026 Flat
4 APARTMENT 454 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GT £210,000 09/01/2026 Flat
TIMBER WHARF, 32 APARTMENT 226 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NX £188,000 08/01/2026 Flat
THE BOX WORKS, 4 APARTMENT 410 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NU £230,000 15/12/2025 Flat
2 APARTMENT 2111 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GR £180,000 05/12/2025 Flat
2 APARTMENT 234 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GQ £216,000 28/11/2025 Flat
9 APARTMENT 4 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YG £156,000 28/11/2025 Flat
THE BOX WORKS, 4 APARTMENT 202 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NU £266,250 28/11/2025 Flat
190 WATER STREET, MANCHESTER, GREATER MANCHESTER, M3 4AU £350,000 28/11/2025 Flat
4 APARTMENT 426 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GT £209,950 28/11/2025 Flat
1 FLAT 2204 REGENT ROAD, MANCHESTER, GREATER MANCHESTER, M3 4BE £265,000 25/11/2025 Flat
TIMBER WHARF, 32 APARTMENT 415 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NY £250,000 24/11/2025 Flat
IRWELL BUILDING APARTMENT 58 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SS £180,000 18/11/2025 Flat
1 FLAT 2506 REGENT ROAD, MANCHESTER, GREATER MANCHESTER, M3 4BE £305,000 07/11/2025 Flat
7 APARTMENT 404 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YE £143,000 04/11/2025 Flat
3 APARTMENT 406 BURTON PLACE, MANCHESTER, GREATER MANCHESTER, M15 4LR £170,000 30/10/2025 Flat
THE RIVERSIDE APARTMENT 81 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SU £255,000 24/10/2025 Flat
THE BOX WORKS, 4 APARTMENT 302 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NU £250,000 10/10/2025 Flat

Area average: £220,710 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -13.4%
10y growth 28.3%

House Price Index (HM Land Registry — official index, not sold-price averages): Manchester. Series: Flats and maisonettes. As of April 2026.

1y (index) -1.4%
5y (index) 8.8%
10y (index) 57%

Rental Range

Estimated market rent for Manchester. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,217/mo
Realistic £1,352/mo
Optimistic £1,487/mo

Based on Local Authority from postcode lookup → Manchester.

LHA (30th percentile) floor for Central Greater Manchester: £873/mo (Apr 2025 – Mar 2026)

Location

Address

Water Street

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop Porcelanosa 0.1 miles
Bus stop Regent Road/Water Street 0.1 miles
Bus stop Regent Road/Regent Bridge 0.1 miles
Shop Morrisons Daily 0.2 miles
Train station Deansgate 0.5 miles
Train station Salford Central 0.7 miles
University Manchester Metropolitan University 1.0 miles
University University of Law 1.1 miles
Hospital Salford Gastric Bypass Surgery 1.6 miles
Hospital The Ailsa Craig Medical Practise 2.6 miles

Street-level crime

Category Count
Total incidents 0

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
St Wilfrid's RC Primary School Primary 0.5 miles Good — 25 Jun 2023
St Philip's CofE Primary School Primary 0.6 miles Good — 19 Oct 2023
Primrose Hill Primary School and Children's Centre Primary 0.6 miles Good — 30 Jun 2022
Old Trafford Community Academy Primary 0.6 miles (Inspected (no overall grade))
St Joseph's RC Primary School Primary 0.7 miles Good — 24 May 2022

Rental Comparables

Loading rental comparables for this postcode. Refresh in a few minutes.

Rent-driven metrics

Based on Area rent estimate.

Rent ratio 0.8%
Max investor price (0.8%) £169,000
Target investor price (1%) £135,200
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).

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