Property · IM2 3LP
For saleListed 448 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exciting opportunity has arisen to acquire this freehold, semi-detached property bursting with character and potential.
Originally a spacious single dwelling, the home was converted into two self-contained flats in the 1970s and now presents a rare chance for transformation.
Offered with vacant possession, it's the perfect blank canvas for investors or homeowners ready to unlock its full promise.The ground floor flat offers a spacious and well-balanced one bedroom layout, including a generous lounge that provides ample room for relaxed living.
The kitchen is a good size with potential for modernisation, while the large bedroom and well-proportioned bathroom complete the accommodation.
This flat also enjoys direct access to a small rear yard, providing a touch of outdoor space to enjoy.The upper flat spans two floors and offers flexible living with space for two or even three bedrooms.
Upon entering, you're welcomed by an expansive communal hallway – once the home's original reception room – currently underutilised but brimming with potential for redesign.
A small store room sits on the half landing. The first floor houses a compact bedroom, a comfortable lounge, a modest bathroom, and a generously sized kitchen.
Upstairs on the second floor are two further bedrooms, both light filled and spacious.Gas services are connected to both flats, and fire alarm and detection systems are already in place.
The entire property is fitted with double-glazed windows, ensuring comfort and energy efficiency throughout.Externally, the home features a paved front garden framed by surrounding greenery, a rear yard, and a sizeable garage – perfect for storage, workshop use, or future development.
Importantly, the layout still lends itself to being converted back into a substantial single family residence by reinstating the original internal connection between the two flats.
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
Agent & docs
FAQ
About Ingleby, 20 Selborne Drive, Douglas
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