We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom terraced house · IM4 2JA
Sold STCListed 230 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Specification Log burner installed in the lounge Newly fitted kitchen, installed within the last year Newly fitted bathroom New roof Private parking space Accommodation Ground Floor Entrance Hallway (approx.
14'7 x 6'8) Lounge (approx. 16'4 x 12'5): Log burner Conservatory/Dining Area (approx. 11'1 x 9'6) Kitchen (approx.
13'6 x 8'6): Newly fitted integrated appliances included in the sale comprise of the oven, microwave, dishwasher, fridge/freezer, washing machine and tumble dryer. Bedroom 3 (approx.
11'4 x 10'8) Bathroom (approx. 8'6 x 6'7) Downstairs W.C. (approx. 4'3 x 2'4) First Floor Landing (approx. 14'7 x 6'8) Bedroom 1 (approx. 16'4 x 9'6) Walk-in Wardrobe (approx.
16'4 x 4'2) Bedroom 2 (approx. 16'4 x 7'2) Outside To to the front of the property there is a lawned garden and mature shrubs with a paved footpath and steps to one side, leading to the front door.
Private parking space for one vehicle. Communal parking area. To the rear of the property there is a private lawned garden with fenced boundaries and a large garden shed.
Pergola with a sheltered roof, set on a gravelled area and providing ample space for outdoor entertaining. Communal Gardens An annual maintenance fee of £250.00 is charged for the communal gardens.
Services All main services are connected. Gas fired central heating. uPVC double glazed throughout. Rates Isle of Man Government Treasury: £1,042.03 (incl. water rates) 2025/26.
Directions Travelling along the New Castletown Road and up Richmond Hill.
Continue past the Home of Rest for Old Horses and The Forge, taking the next right hand turning onto the Mount Murray Back Road.
Take the first right, into Mount Murray Drive and turn right, proceeding straight ahead into Murrays Lake Drive where number sixty nine can be found a short distance along on the left hand side, clearly identified 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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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.
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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 69 Murrays Lake Drive, Mount Murray, Douglas, IM4 2JA
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