We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work4-bedroom house · IM4 7DP
For saleReduced £50k (−3.9%) on 24 OctListed 110 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Steeped in history and beautifully transformed, The Old Methodist Chapel is an exceptional home offering over 5,000 sq ft of stunning accommodation in an elevated position on Minorca Hill, Laxey.
Originally rebuilt in 1870 as the Minorca Primitive Methodist Chapel, the building played an important role in the local community for almost a century before closing in 1966.
Today it has been sympathetically restored and renovated to an exceptional standard, retaining many of its original architectural features whilst seamlessly blending modern luxury with period character.
Arranged over three spacious floors, the property offers remarkably flexible accommodation with impressive ceiling heights, an abundance of natural light and breathtaking views across the surrounding countryside towards the sea.
The welcoming entrance hall leads to a cloakroom and inner hallway, where you'll find a beautifully fitted contemporary dining kitchen together with two generous double bedrooms, both benefiting from stylish en suite shower rooms.
A second staircase leads to a cosy snug and an additional en suite bedroom, whilst stairs descend to a substantial utility room incorporating a second kitchen, ideal for entertaining, guest accommodation or multi-generational living, with direct access to the outside.
The first floor is undoubtedly the heart of the home, where a magnificent galleried landing showcases the chapel's original character and enjoys spectacular views.
From here, the impressive open-plan living, dining and kitchen space creates a wonderful area for everyday family life and entertaining, with large windows framing stunning sea views.
A further spacious double bedroom with a luxurious en suite completes this floor. The property offers generous off-road parking and a lawned garden.
Occupying a sought-after position on Minorca Hill, it is within easy reach of Laxey's local amenities, the popular primary school, beach, harbour, cafés, shops and the iconic Laxey Wheel.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
.png){kind=logo}
FAQ
About The Old Methodist Chapel, Minorca Hill, Laxey
Explore nearby
