1-bedroom flat · IM2 4EE
Sold STCListed 204 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Accommodation Ground Floor Communal Entrance Hallway Stairway and lift access to all floors. First Floor Apartment 4 Private Entrance Hallway (approx.
4'9 x 4'1) Open Plan Lounge/Kitchen/Diner (approx. 18'2 x 11'2) Bedroom (approx. 10'7 x 10'3): Set of double doors opening out onto: L-Shaped Private Balcony (approx.
20'3 x 6'8): Super sea views over Douglas Bay Shower Room (approx. 7'11 x 6'6) Store Room Extends to approximately 3.5m2 and is located on the first floor.
Outside Secure underground parking space for one vehicle, number 28. Tenure Leasehold. Remainder of a 999 year lease.
Management Fees There is a management company in place with the current charge set at £1,144.00 Per Annum for the financial year 2024/25.
Ground rent charge of £262.43 (for Apartment 4) and £17.49 (for the Store) for the financial year 12th November 2025 to 11th November 2026. Services All main services are connected.
Electric central heating. uPVC double glazed throughout.
Directions Travelling along Douglas Promenade in the direction of Onchan, continue straight on at Broadway and proceed for a short distance past the turning for Empress Drive where Empress Apartments can be found on the left hand side.
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
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FAQ
About Apt. 4 Empress Apartments, Central Promenade, Douglas, IM2 4EE
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