2-bedroom flat · IM1 2NB
For saleListed 25 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the first floor of a modern purpose-built development, this beautifully presented apartment occupies a prime and highly sought-after promenade position, with an excellent range of amenities literally on the doorstep.
The property offers light, spacious and airy accommodation, enhanced by an enviable outlook across the promenade and out to sea.
The open-plan living, dining and kitchen area is thoughtfully designed to maximise natural light and make the most of the wonderful coastal aspect.
There are two well-proportioned double bedrooms, with the principal bedroom enjoying a separate dressing area with a range of fitted wardrobes, stylish en-suite facilities and a private balcony.
A family bathroom completes the accommodation. Further benefits include access to a residents' communal gymnasium.
Whilst the building benefits from an underground car park, this apartment does not have an allocated parking space.
Inclusions All fitted floor coverings, blinds, curtains and light fittings Appliances Oven, 4 ring hob, dishwasher, fridge, freezer and washer/dryer Tenure Leasehold - Rates Treasury tel and Douglas Borough tel Heating Electric 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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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 3, Rochester Court, Douglas
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