3-bedroom semi-detached house · IM9 5DX
For saleReduced £46k (−5.8%) on 17 SepListed 74 days
Opportunity summary
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About
Built in 1857 and set in a superb harbourside coastal location, The Old Sail Loft enjoys spectacular harbour, sea and coastal views over Bay ny Carrickey and across Port St Mary harbour.
The property, set over 3 floors, has been lovingly restored to a high standard with quality fittings throughout whilst still retaining many original features, plenty of charm and character of this Manx protected building.
Photos to follow. Location Travelling out of Port Erin on Station Road, take the 3rd exit on the Four Roads roundabout and continue through Port St.
Mary and through the one way system taking the first left onto Queen's Road.
Turn left at the bottom of the road and continue along Athol Street and then take a right turn just opposite the Albert Hotel.
Take the first left and continue along the the Underway where The Old Sail loft can be found a short way along on the left hand side.
Original Outside Steps Up to: Lounge/Dining Room (25' 0'' x 10' 5'' (7.61m x 3.17m)) Manx stone feature wall.
Oak flooring, multi burner stove on slate heath with feature stone hearth, beamed ceiling, downlighters. Triple aspect windows with superb views over the Harbour. Stairs up to first floor.
Stairs down (closed off). Steps down to: Small Landing Cloakroom Wash hand basin, w.c.
Oak flooring, 1/2 tiled walls, hanging cloaks area, downlighters, Xpelair Utility Cupboard Cream wall and base units. Plumbed for washing machine, fridge freezer and tumble drier.
Door to: Breakfast Kitchen (13' 2'' x 7' 0'' (4.01m x 2.13m)) Lovely light and airy space with excellent range of light wood wall and base units with contrasting worktops incorporating 11⁄2 stainless steel sink unit, integrated range cooker with stainless steel hood, fridge freezer, dishwasher.
Mid tiling to walls. Wooden flooring. Downlighters. Bi-folding doors to terrace and fantastic views overlooking the Harbour.
First Floor Bedroom 1 (14' 4'' x 10' 1'' (4.37m x 3.07m)) Door with Juliet overlooking the Harbour. Ceiling with feature original ships mast a-frame beam.
Ensuite Shower Room Large tiled shower cubicle with glazed screen, w.c. And wash hand basin. Panelled tongue and groove to dado, tiled floor, part tiled walls. Xpelair.
Inner Landing Built in double wardrobe. Bedroom 2 (14' 5'' x 10' 0'' (4.39m x 3.05m)) Large wall or mirrored wardrobes. Cupboard housing Megaflo.
Steps to: En-Suite Bathroom Large jacuzzi-style bath with tiled surround, w.c., and wash hand basin. Half tiled walls, wood floor, beamed ceiling.
Lower Ground Floor Lounge (12' 2'' x 14' 2'' (3.71m x 4.31m)) Oak wood flooring, original beams, raised display shelf, downlighters. Large built in mirror cupboards.
Bi-folding doors to super decked area overlooking the harbour. 2 cupboards housing washing machine, tumble dryer and fridge freezer.
Step up to: Kitchen (8' 8'' x 6' 8'' (2.64m x 2.03m)) Comprising white wall and base units with contrasting wooden worktops incorporating stainless steel sink unit, ceramic hob, electric oven, stainless steel cooker hood.
Tiled splashbacks. Cupboard housing gas central heating boiler. Door to: Dining Room Oak flooring. Door to outside. Staircase up (closed off).
Bedroom 3 (14' 6'' x 10' 2'' (4.42m x 3.10m)) Oak flooring, beamed ceiling, double built in mirror wardrobe, built in cupboard. Steps to: Enclosed Staircase To First floor, wood flooring.
Shower Room Large walk in shower cubicle with glazed doors, w.c. And wash hand basin. Tiled floor, fully tiled walls. Chrome ladder style radiator. Xpelair.
Outside This characterful property offers a wonderful sheltered courtyard garden with an abundance of plants and stunning views over Port St. Mary Harbour.
Block paving to the gated entrance with step up to raised decked area. Services Mains water, drainage and electricity. Gas central heating. Possession Freehold.
Vacant possession on completion of purchase.
The company do not hold themselves responsible for any expenses which may be incurred in visiting the same should it prove unsuitable or have been let, sold or withdrawn.
Disclaimer - Notice is hereby given that these particulars, although believed to be correct do not form part of an offer or a contract.
Neither the Vendor nor Chrystals, nor any person in their employment, makes or has the authority to make any representation or warranty in relation to the property.
The Agents whilst endeavouring to ensure complete accuracy, cannot accept liability for any error or errors in the particulars stated, and a prospective purchaser should rely upon his or her own enquiries and inspection.
All Statements contained in these particulars as to this property are made without responsibility on the part of Chrystals or the vendors or lessors.
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.
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FAQ
About The Old Sail Loft, The Underway, The Old Sail Loft, The Underway, Port St Mary
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