2-bedroom flat · IM5 1XF
Listing removedListed 226 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
1 Close Beg is a beautifully presented ground floor apartment located in a highly sought-after residential area.
This attractive home stands out thanks to its rare and private rear garden, which is bordered by well-maintained mature hedging and shrubbery, creating a peaceful outdoor retreat.
The property is ideally positioned close to a wide range of local amenities including schools, shops, and leisure facilities such as Barbary West Coast and West Coast Fitness.
Upon entering the apartment, the front door opens into a welcoming entrance hall which benefits from two built-in storage cupboards, providing practical space for coats and household items.
The hallway leads into an beautiful 26-foot open-plan lounge, kitchen and dining area.
This bright and airy living space is perfect for both relaxing and entertaining, with double doors opening directly onto the private garden and allowing plenty of natural light to fill the room.
The kitchen is fitted with a range of modern base and wall units complemented by contrasting work surfaces, including a built-in oven and hob.
The apartment offers two generously sized double bedrooms, each with space for integrated wardrobes.
The contemporary bathroom is well appointed with a bath and shower over, wash hand basin, WC, and useful space for a storage unit.
To the rear of the property is a generous, sunny west-facing garden laid mainly to lawn on both sides of a tarmac path which leads to the communal car park. The garden also includes a useful shed.
Additional benefits include gas-fired central heating, uPVC double glazing, and a leasehold tenure with an active management company.
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
Agent & docs
FAQ
About 1 Close Beg, Ballawattleworth Estate, Peel, Isle Of Man
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