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 work2-bedroom flat · IM2 2PG
Sold STCListed 17 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Well presented first-floor apartment situated within the highly desirable The Steadings, Manor Woods, enjoying a peaceful and leafy setting within a quiet cul-de-sac.
The property is ideally positioned for easy access to local schools, shops and regular bus routes, whilst Douglas city centre and its wider amenities are also within convenient reach.
The light and airy accommodation opens into a welcoming reception hall with excellent built-in storage.
The open-plan living and kitchen area, provides a bright and sociable space for both relaxing and entertaining.
The living room features a Juliet balcony overlooking the beautifully maintained communal gardens, while the modern kitchen offers excellent storage and workspace.
There are two generous double bedrooms and a bathroom. Externally, residents enjoy attractive communal lawned gardens, while the apartment benefits from two designated parking spaces.
The property is offered for sale with no onward chain.
Inclusions All fitted floor coverings, blinds and light fittings Appliances Fridge/freezer, dishwasher and washing machine Tenure Leasehold - held on the remainder of a 999 year lease with a management company in place which has set the current management fees at approximately £2200.00 per annum Rates Treasury tel and Douglas Borough tel Heating Gas Windows uPVC double glazing
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
FAQ
About 7, The Steadings, Douglas
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