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See how verdicts work15-bedroom house · IM1 5BW
For saleListed 323 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Development Opportunity A stunning development opportunity with full planning permission to demolish an existing dwelling and replace it with a luxurious apartment block comprising seven prestigious and contemporary apartments over four floors, each of which would benefit from stunning coastal views across Douglas bay.
Located in an elevated position on Douglas Head overlooking the town centre, this architecturally-designed building sits in a plot of 0.37 acres, with adjacent land of approximately two acres also available for purchase subject to separate negotiations.
The gross internal floor area of the development would total 12,845 square feet, and be made up of the following apartments; Apt 1 - Ground Floor - 2 beds - 1,468 square feet Apt 2 - Ground Floor - 2 beds - 899 square feet Apt 3 - First Floor - 2 beds - 1,700 square feet Apt 4 - First Floor - 2 beds - 1,010 square feet Apt 5 - Second Floor - 2 beds - 1,700 square feet Apt 6 - Second Floor - 2 beds - 1,010 square feet Penthouse - Top Floor - 3 beds - 2,191 square feet plus terrace A basement has been designed to provide 14 parking spaces with planning for seven electric car charging points, as well as a storage facility for 14 bicycles.
A sedum 'green' roof will blend into the natural surrounding habitat and the planning permission extends to house 59 roof mounted solar panels capable of generating sustainable energy for the apartments.
The apartments are within easy reach of Douglas city centre, with the main business district and amenities accessible on foot, whilst coastal and headland walks are located on its doorstep.
Full planning permission granted under reference 22/01113/B - Four storeys of accommodation - Basement parking for 14 vehicles - Additional adjacent land available by separate negotiation - White & grey render finish enhanced by cedar & aluminium cladding Location From Athol Street continue through the lights and down Bank Hill.
Continue across Bridge Road taking the left exit at the roundabout onto South Quay.
At the next roundabout take the second exit onto Fort Anne Road and continue up the hill until reaching the summit, where Gloccor Morra can be found on the right hand side identifiable by our for sale board.
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
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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
FAQ
About Gloccor Morra Douglas Head, Isle Of Man
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