2-bedroom flat · IM3 2AF
Sold STCListed 26 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Enjoying a superb elevated position with beautiful panoramic views across Douglas Bay and out to sea, this spacious first-floor purpose-built apartment offers an exceptional combination of light-filled accommodation, peaceful surroundings and everyday convenience.
Situated within a sought-after quiet cul-de-sac, the property is ideally placed for easy access to local shops, regular bus services, Onchan Village, Douglas Promenade and the city centre.
Offered for sale with no onward chain, this beautifully presented apartment provides an excellent opportunity to enjoy coastal living with some truly impressive views.
The accommodation is bright, airy and generously proportioned throughout, with a welcoming entrance leading into the principal living spaces.
The impressive dual-aspect living room is a particular highlight, featuring a square bay window which takes full advantage of the elevated position and frames the wonderful outlook across Douglas Bay and towards the open sea.
The combination of generous proportions, natural light and far-reaching views creates an exceptionally inviting space for relaxing or entertaining.
A separate breakfast kitchen provides a practical and stylish space for everyday dining and complements the spacious reception accommodation.
The property offers two generous double bedrooms, including a principal bedroom benefiting from its own en-suite shower room.
A separate modern bathroom serves the second bedroom and wider accommodation, providing excellent facilities for both residents and guests. Externally, there is communal parking.
With its peaceful cul-de-sac setting, excellent access to Onchan and Douglas amenities, generous accommodation and, most notably, beautiful elevated views across Douglas Bay and out to sea, this superb apartment represents an excellent opportunity for those seeking a stylish and conveniently positioned coastal home.
The combination of space, outlook and no onward chain makes this a particularly appealing proposition.
Inclusions All fitted floor coverings and light fittings Appliances Oven and 4 ring hob Tenure Leasehold - held on the remainder of a 999 year lease (from September 1995) with a management company in place which has set the current management fees at approximately £2,400.00 per annum.
£50.00 per annum ground rent. Rates Treasury tel and Onchan Commissioners tel Heating Gas
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 2, Douglas Bay Apartments, Onchan
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