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See how verdicts work3-bedroom house · IM9 4NS
For saleReduced £24k (−4.8%) on 23 JunListed 220 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Accommodation Ground Floor The ground floor provides spacious living areas with excellent potential for modern open-plan living.
• Large lounge with fireplace and hearth, opening through to the dining area • Dining room with stove, creating a warm central entertaining space • Small library/snug room, currently used as a reading area • Sunroom requiring modernisation but offering excellent potential • Office/study area with exposed beams • Hallway with cloaks cupboard • Generous dining kitchen with four windows providing good natural light • Electric cooking range (Belling farmhouse style) • Extractor hood • Dishwasher • Space for fridge and freezer • Airing cupboard and hot water tank • Potterton boiler • Utility room with space for washer and dryer First Floor A turned staircase leads to the first floor accommodation: • Three bedrooms, two enjoying attractive sea views • Family bathroom • Parquet flooring throughout • uPVC windows (requiring replacement) Outside The outside space offers considerable potential to create a beautiful garden setting.
• Raised rear garden, walled and paved with flower beds and mature trees • Low maintenance layout with scope for landscaping • Three-quarter size garage • Parking space in front of the garage • Additional off-road parking nearby • Small garden to the front of the property With some investment and vision, the garden could become a delightful private outdoor space.
Potential Smithy House presents an exciting opportunity for buyers seeking a restoration project with character and sea views.
Subject to planning permission, there may be scope to reconfigure parts of the ground floor to include a second bathroom or further living space, potentially utilising the existing office area.
Once renovated, the property has the potential to become a charming coastal home in one of the island’s most desirable southern locations.
Location Travelling from Port Erin on the inland road towards Colby, continue through the Ballakillowey roundabout. Pass the Colby village sign and continue along the main road.
After passing Ballakipheric Road (with the converted church on the corner), the property Smithy House can be found on the left-hand side, approximately 150 yards before Ballastrooan and Glen Road.
The nameplate “Smithy House” is displayed near the front door.
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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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 advisers 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
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FAQ
About Smithy House Main Road, Isle Of Man
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