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See how verdicts work3-bedroom bungalow · IM3 2BB
Listing removedReduced £40k (−10%) on 21 JulListed 162 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This detached chalet bungalow is offered for sale with no onward chain and occupies a highly desirable position on Howe Road, Onchan.
Enjoying distant sea and bay views, the property is conveniently situated within easy reach of the many amenities of Onchan, Douglas promenade and surrounding coastal attractions.
Requiring some modernisation, the home presents an exciting opportunity for a purchaser to create a superb bespoke property (subject to any required approvals), tailored to their own style and requirements, while taking full advantage of its enviable location and outlook.
The accommodation begins with an entrance porch leading into a welcoming entrance hallway.
There are two reception rooms, comprising a spacious dual-aspect living room with bay window and a separate dining room with access through to the kitchen, offering excellent scope for redesign or open-plan potential, subject to requirements.
The property provides three double bedrooms, with two conveniently located on the ground floor, making the layout both flexible and practical for a variety of buyers.
A family bathroom serves the main accommodation, while the first floor also benefits from a cloakroom WC.
A particular feature of this home is the excellent potential for further enhancement, with scope to extend the first floor accommodation through the installation of dormer windows (subject to all necessary planning permissions and building regulations), allowing a purchaser to maximise both living space and the impressive distant sea views.
Externally, the property benefits from a driveway providing access to a substantial double tandem garage, offering excellent parking, storage or workshop potential.
To the rear is a low-maintenance garden, mainly paved with artificial grass, and complemented by a summerhouse and raised bed-creating an enjoyable and private outdoor space.
This appealing chalet bungalow represents a rare opportunity to acquire a home in one of Onchan’s most sought-after residential locations, offering fantastic potential, flexible accommodation and superb long-term possibilities.
Inclusions All fitted floor coverings, blinds, curtains and light fittings Appliances Freestanding oven with 4 ring gas hob, fridge, freezer, washing machine and tumble dryer Tenure Freehold Rates Treasury tel and Onchan Commissioners 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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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 22, Howe Road, Onchan
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