Vie Building
191 Water Street, Manchester, M3 4JA
Listing type
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
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)
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).
House Price Index (HM Land Registry — official index, not sold-price averages): Manchester. Series: Flats and maisonettes. As of April 2026.
Rental Range
Estimated market rent for Manchester. Low = conservative, Realistic = average, Optimistic = best case.
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 — 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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