2-bedroom flat · IM2 4LG
For saleListed 73 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This ground-floor converted flat is situated just off Douglas Promenade, placing it in a central location that's convenient for accessing the town centre, shops, cafés, and restaurants.
The spacious living and dining room is filled with natural light and offers distant promenade and sea views, creating a welcoming atmosphere.
The open-plan kitchen connects seamlessly to the living area and is excellent for entertaining family and friends.
In addition there are two bedrooms, one of which has an en-suite shower room, there is also a separate bathroom.
The property is offered for sale with no onward chain, making it a straightforward option for buyers.
With beautiful promenade and beach walks nearby, this flat is ideal for first-time buyers or investors looking for a practical and accessible property.
Inclusions All fitted floor coverings, blinds, curtains and light fittings Appliances Oven and 4 ring gas hob, microwave, under counter fridge and freezer, and a washer/dryer Tenure Leasehold - held on the remainder of a 999 year lease with a management company in place which has set the current management fees at approximately £1,200.00 per annum Rates Treasury tel and Douglas Borough 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
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 advisors 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
FAQ
About Flat 2, 7 Mona Drive, Douglas
Explore nearby