2-bedroom flat · IM8 1LW
For saleReduced £2.5k (−2%) on 17 OctListed 56 days
Opportunity summary
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About
Accommodation Communal Entrance Porch. Security intercom system to individual apartments. Communal Entrance Hall: Lift to all floors.
Hallway (Approx 7'4 x 2'11) Entering through a timber door into a hallway with coved ceiling, ceiling lights carpeted flooring.
WC (Approx 5'6 x 2'11) Fitted with a white WC and wall hung sink with a tiled splash back. Ceiling light and carpeted flooring.
Lounge/Diner (Approx 16'2 x 12'3) A bright spacious lounge with double glazed aluminium sliding doors providing access to the open balcony and sea views.
The lounge is finished with ceiling lights and carpeted flooring.
Kitchen (Approx 8'10 x 6'5) A good size kitchen with a range of wall and drawer units, charcoal coloured work surface and a stainless steel sink with drainer.
There is a built in low level oven with a four ring Hotpoint hob on the worktop and extractor fan above. The kitchen is finished with a ceiling light and linoleum flooring.
Bedroom 1 (Approx 15'6 x 9'7) A spacious double bedroom with two built in wardrobes and views on to the open balcony. High level coved ceiling, wall lights and carpeted flooring.
Bedroom 2 (Approx 9'5 x 7'4) A comfortable single bedroom with views on to the open balcony, finished with wall lights, coved ceiling and carpeted flooring.
Bathroom (Approx 7'10 x 5'4) A good size bathroom comprising of a white bath with up and over shower, bi-fold glass shower screen and a sink with vanity below for storage.
Wall mounted above the sink is a storage cupboard with mirrored doors. Ceiling light and floor carpeted.
Plumbing & Heating Communal Boiler with direct hot and cold water, panel radiators throughout with thermostatic valves. Electrical & Power Mains distribution board.
Maintenance Charges Leasehold – The remainder of a 125 year lease which commenced on 4th October 1976 Service Charges: Approx: £2000.00 per 6 months (This covers buildings insurance, cleaning and heating of communal areas and includes hot water and central heating, lift maintenance, caretaker, and security) Rates: 2026 - 2027 Approx £1,300.00 Offers All offers and negotiations through the offices of Cowley Groves & Co.
Ltd. Vacant possession will be given on completion by arrangement. Viewing Strictly by appointment through the Agents, Cowley Groves & Co. Ltd. 9 Parliament Street, Ramsey, IM8 1AS.
Please contact our Ramsey office on or email us on .
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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.
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