2-bedroom terraced house
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Julie Twist Properties welcomes to the market this canal-facing apartment which is located on the banks of the River Irwell in the Vie Building.
The apartment occupies a 3rd floor position and comprises a spacious, open-plan kitchen and living area with a Juliette balcony providing wonderful water views.
There are also two double bedrooms, one of which benefits from fitted wardrobes, and a three-piece bathroom suite accessible via the hallway.
The property also includes a secure allocated car parking space.
The Vie Building is located on the outskirts of Castlefield which means its residents are able to enjoy an extensive range of bars, cafes and restaurants in and around the area.
Furthermore, it is just a ten minute walk to Deansgate and provides fantastic access to public transport as Cornbrook Metrolink Station is just a stones throw away.
General: Rental Yield: 7.94% (Based on expected rental price of £1125pcm) Service Charge: £2532 per annum Ground Rent: £420 per annum Ground Rent Review Period: Reviewed every 10 years where it is adjusted by multiplying rpi last published immediately before each review date, rounding figure to nearest five pounds.
Lease: 125 years from 1 January 2006 Square Footage: 616 sq.ft / 57.3 sq.m Council Tax Band: D (Manchester City Council) Management Company: Vie Building Management Company Hallway Laminate flooring, ceiling light, access to storage cupboard and wall mounted heater.
Living Area Double-glazed floor-to-ceiling windows and sliding door opening onto a Juliette balcony, laminate flooring, wall-mounted heater, phone/TV point, intercom entry system, ceiling lights and access to a storage cupboard housing the boiler and with plumbing for a washing machine/dryer.
Kitchen Open-plan to the living area, the kitchen comprises wall and base units, integrated fridge/freezer, built-in oven with four ring hob and extractor over, stainless steel sink with mixer tap and drainer, laminate flooring, spotlights and extractor.
Bedroom 1 Double-glazed window, carpeted flooring, wall-mounted heater, ceiling light and fitted wardrobes. Bedroom 2 Double-glazed window, carpeted flooring, wall-mounted heater and ceiling light.
Bathroom Accessed via the hallway, a three-piece bathroom comprising bath with shower attachment over, WC, sink with mixer tap, heated towel rail, partially tiled walls, tiled flooring, extractor and spotlights.
Parking This apartment comes complete with one secure allocated parking space.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
.png)
FAQ
About 191 Water Street, Manchester
Explore nearby