Flat 43, 191 Water Street, Manchester, M3 4JA

UPRN:10012201193Purpose Built Flat2 bedsBuilt 2003-2006

LeaseholdCouncil Tax: -EPC: C (71)

Data freshness:Listing· freshPrice Paid· freshPlanning· 4mo agoEPC· 6mo agoRisk· 5mo agoConnectivity· 1mo agoAmenities· 1mo agoArea· Census 2021

Flat 43, 191 Water Street, Manchester, M3 4JA

HP Score

/ 100

Strong

Verdict

yesterday

Verdict: INVESTIGATE, on a scale of Buy, Investigate, Avoid.
Strong fundamentals; flood risk not assessed

Evidence

19 of 21 sources

Sale Estimate

£212,000

£201k - £223kHigh

Estimate

£212k

Range

£201k – £223k

Rent Estimate (pcm)

£1,350

£1k - £1k

Monthly

£1,350

Yield

7.53%

Verdict

Derived from HomePortfolio scores

Flat 43 earns an INVESTIGATE rating with HP Score 78/100. Investment score 58/100 reflects moderate fundamentals. Walkability is good (84/100). Flood risk is not assessed: check the Environment Agency long-term flood map before offering. Tenure is leasehold. Every figure here comes from the live HomePortfolio API; anything it does not publish is left out.

Key SourcesEPC RegisterPortal listingsOfcom Connected NationsMarket estimates (third-party AVM)HM Land Registry sales matched to addressDefra strategic noise mapping, England Round 4 (Contains Defra data © Crown copyright and database right 2023-2024, Open Government Licence v3.0)Walk ScoreONS Census 2021Police.ukHM Land Registry company ownershipHM Land Registry covenantsHM Land Registry leasesHM Land Registry Price PaidPlanIt / council planning portalsOverture Maps PlacesOfsted / DfE GIAS

HP Score

78/ 100

Strong

Investment Score

58/ 100

Moderate

Crime Score

No data

Walkability

84/ 100

High

Transit & Bike

Transit 51Bike 51

Walk Score, out of 100

Opportunity

Why this could be an opportunity

Reduced confidence2 independent sourcesListing checked 3 Nov 2026

Fewer independent sources agree, or a component could not be scored.

Valuation edge2.5/15
claims [AVM -1.4% (HIGH), sold-comps +6.9%, £/sqft +7.0%] → measured edge +0.50pp of the ask; on later-registered sales an AVM discount carried no edge and a sold-evidence gap at most +0.5pp
Market estimate used (HIGH confidence) · snapshot 9 Oct 2026
- valuation_snapshotsestimate for 10012201193· as of 9 Oct 2026
- property_comparablessold-evidence family (implied value + £/sqft): 12 comps, dispersion 11.9%· as of 1 Nov 2026
Rental economics19.8/40
gross yield 7.5%; range width penalty ×0.98
- valuation_snapshotsrent estimate 1350/mo (range 1250-1400)· as of 9 Oct 2026· verify before relying on this
Stress margin0/30
stressed cash flow -279/mo, -21% of rent (6.75% on a 75% loan; disclosed service charge and ground rent); fails the stress - earns nothing
- listing_factsservice charge / ground rent from the advert· as of 3 Nov 2026
Seller motivationNot scored
context, not scored: 0 price cut(s), 33 days on market; homes with a cut sold 0.2-0.3pp further below the cut ask, which is not an edge
- portal_listingsprice_changes + first_published_date· as of 3 Nov 2026
Risk & liquidity14.6/15
456 sales/12mo in area; valuation range width 10%
- property_intelligencetransactions_12mo

4 of 4 components scored. Ranks on gross yield, the stress margin, risk and disclosed facts. A pricing claim earns only its measured edge: today 0 for the market estimate and at most +0.5pp for sold evidence. The score itself is not yet checked against the outcomes of homes it scored.

Economics

What happens to your money

Price sensitivity

£161,000£247,000

The same scorer re-run at hypothetical asking prices, holding rent, comps and listing history constant. Not a prediction of what the seller would accept.

Your assumptions

Purchase price£215,000

At the asking price

Monthly rent£1,350/mo

Evidenced range £1,250-£1,400

Interest rate5.4%

Loan to value75%

Cash required: £67,600
Net cash flow: £209/mo
Cash on cash: 3.7%
Score at this price: 37

After a 8% void allowance, 15% management and 10% maintenance. Lender coverage (rent ÷ interest): 1.86 - clears the usual 1.25 test. These are your assumptions, not evidence: only the pre-filled rent and price come from the record.

Evidence

Where every number comes from

valuation_snapshotsestimate for 10012201193Valuation edge · as of 9 Oct 2026
property_comparablessold-evidence family (implied value + £/sqft): 12 comps, dispersion 11.9%Valuation edge · as of 1 Nov 2026
valuation_snapshotsrent estimate 1350/mo (range 1250-1400)Rental economics · as of 9 Oct 2026 · verify before relying on this
listing_factsservice charge / ground rent from the advertStress margin · as of 3 Nov 2026
portal_listingsprice_changes + first_published_dateSeller motivation · as of 3 Nov 2026

Risks

What could kill this deal

Score confidence is reduced
fewer independent sources agree, or a component could not be scored
Rental economics needs verification before you rely on it
rent estimate 1350/mo (range 1250-1400)
Seller motivation could not be scored
context, not scored: 0 price cut(s), 33 days on market; homes with a cut sold 0.2-0.3pp further below the cut ask, which is not an edge

Property risk deep-dive →

Plan

Before you offer

1. Get two written rental appraisals from local lettings agents.
The rent estimate rests on area-level evidence, not lettings on this street.
2. Treat the gap to the estimate as unproven - compare recent sold prices on the street yourself before pricing an offer around it.
On later completions, homes listed below their estimate sold at the same share of the asking price as the rest.
3. Commission a full structural survey, not a basic condition report.
The score prices market evidence, not the fabric of the building.

Every step above was generated from a specific gap or flag in the evidence - no generic advice, no invented tasks.

Valuation & Market

Sale Estimate£212,000

Rent Estimate (pcm)£1,350

Gross Yield7.53%

1y Growth-11.0%

3y Growth+6.3%

5y Growth+3.4%

10y Growth+6.0%

Last Sold Price£190,000 (2017-05-09)

View Market Details

Risk Overview

Flood RiskUnknown
SubsidenceLow
RadonLow
MiningUnknown
LandslideLow
Air QualityLow
NoiseModerate

View Full Risk Report

Planning Activity

Recent Apps

0M3 4JA

Approval Rate

-12mo

Development

low

OTH-2026-002115
Non-Material Amendment to Planning Permission 137226/FO/2023 to amend the triggers on Conditions 21 (Phase 1: Material Samples and Specifications), 27 (Phase 1: Radar Mitigation Scheme), (Phase 1: Instrument Flight Procedure Surfaces), 30 (Phase 1: TV Broadband and Radio Reception), 61 (Phase 2: Material Samples and Specifications), 67 (Phase 2: Radar Mitigation Scheme) , 69 (Phase 2: Instrument Flight Procedure Surfaces) and 70 (Phase 2: TV Broadband and Radio Reception).
Pending
PA/2026/1431
Listed building consent for the change of use of ground floor and basement from a physiotherapy clinic (use class E) to 2no. 1 bedroom flats (use class C3), single-storey rear extension beneath existing rear undercroft, and partial demolition of rear wall, internal wall and stud partitions, with associated internal and external alterations
Pending
PA/2026/1363
Change of use of ground floor and basement from a physiotherapy clinic (use class E) to 2no. 1-bedroom flats (use class C3), single-storey rear extension beneath existing rear undercroft, and partial demolition of rear wall, internal wall and stud partitions, with associated internal and external alterations
Pending

View Planning Timeline

Ownership

Corporate Ownership10.3%
Overseas OwnershipNo
Lease Term Remaining104 yrs
CovenantsRestrictive
Lease TypeLeasehold
Last Ownership Change2017-05-09
SourceLand Registry

View Ownership Details

Connectivity

Broadband (Standard)

7 Mbps

Mobile 4G/5G Coverage

EV Charger

PTAL Rating

View Connectivity Map

Area Profile

Median EarningsLocal authority£30,067

Population Density-

Owner Occupied23%

Age Distribution

0-15 1%16-64 98%65+ 1%

View Area Profile

Schools Nearby

Crown Street Primary School
0.4 mi
-
Primrose Hill Primary School and Children's Centre
0.5 mi
Report card2026
Ofsted no longer awards a single overall grade.
St Philip's CofE Primary School
0.5 mi
Good
St Joseph's RC Primary School
0.6 mi
Report card2026
Ofsted no longer awards a single overall grade.

3 of 12 nearby schools with published figures were oversubscribed in 2026 - demand, not a catchment.

View All Schools

Comparables

View All

191 Water Street
-
£174k
-
191 Water Street
-
£150k
-
191 Water Street
-
£160k
-
191 Water Street
-
£233k
-

Boundary data not available for this property

No registered title polygon, building footprint, or street match for this property yet.

Why: No HMLR INSPIRE / OSM footprint / OS Open USRN match for this UPRN

Source: HM Land Registry INSPIRE / OpenStreetMap / OS Open USRN