# 2 bedroom apartment for sale (M3 4JA) ## Property Details | Key | Value | |-----|-------| | Address | Vie Building, 191 Water Street, Manchester, M3 4JA | | Price | £170,000 | | Bedrooms | 2 | | Bathrooms | 1 | | Council tax | D | ## 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. ## Property Photos - ![1.jpeg](/listings/photos/89816919/1344385) - 1.jpeg - ![6TheVieBuildingM34JA-High.png](/listings/photos/89816919/1344386) - 6TheVieBuildingM34JA-High.png - ![d.jpeg](/listings/photos/89816919/1344387) - d.jpeg - ![e.jpeg](/listings/photos/89816919/1344388) - e.jpeg - ![b.jpeg](/listings/photos/89816919/1344389) - b.jpeg - ![a.jpeg](/listings/photos/89816919/1344390) - a.jpeg - ![c.jpeg](/listings/photos/89816919/1344391) - c.jpeg - ![f.jpeg](/listings/photos/89816919/1344392) - f.jpeg - ![g.jpeg](/listings/photos/89816919/1344393) - g.jpeg - ![IMG_8923.JPG](/listings/photos/89816919/1344394) - IMG_8923.JPG - ![IMG_8930.JPG](/listings/photos/89816919/1344395) - IMG_8930.JPG - ![2IMG_8924.JPG](/listings/photos/89816919/1344396) - 2IMG_8924.JPG - ![IMG_8934.JPG](/listings/photos/89816919/1344397) - IMG_8934.JPG - ![IMG_8933.JPG](/listings/photos/89816919/1344398) - IMG_8933.JPG - ![IMG_8925.JPG](/listings/photos/89816919/1344399) - IMG_8925.JPG - ![IMG_8927.JPG](/listings/photos/89816919/1344400) - IMG_8927.JPG ## Floorplans - ![6TheVieBuildingM34JA-High.png](/listings/photos/89816919/1344401) - 6TheVieBuildingM34JA-High.png ## EPC Graphs - ![EPC epcgraph.co.uk](/listings/photos/89816919/1344402) - EPC epcgraph.co.uk ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | 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 | | 4 APARTMENT 454 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GT | £210,000 | 09/01/2026 | Flat | | 1 APARTMENT 1136 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4LE | £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 | | 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 | | 2 APARTMENT 234 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GQ | £216,000 | 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) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £283,113 (356 Flat, M3, 2024–2026) - **Deviation:** -40% ## Rental Range *ONS Price Index of Private Rents (Manchester). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,217/mo - **Realistic:** £1,352/mo - **Optimistic:** £1,487/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Central Greater Manchester (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £873/mo ## 1% Rule - **Rent ratio:** 0.8% (okay) - **Max investor price (0.8%):** £169,000 - **Target investor price (1%):** £135,200 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on Area rent estimate.* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -14.2% - **10y growth:** 24.6% ## House Price Index (HM Land Registry) *Official index for Manchester; Flats and maisonettes series; as of April 2026.* - **1y growth (index):** -1.4% - **5y growth (index):** 8.8% - **10y growth (index):** 57% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)