2-bedroom flat · IM2 4LL
No longer listedListed 27 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold A beautifully presented two-bedroom, two-bathroom apartment within the popular Spectrum development on Douglas Promenade.
The apartment has been refurbished in recent years and is presented in excellent condition throughout, offering spacious and comfortable accommodation in a highly convenient seafront location.
One of the real highlights is the three private balconies, providing excellent outside space rarely found with apartments of this type.
The accommodation comprises a generous living and dining area, fitted kitchen, two double bedrooms, two bathrooms, including en-suite facilities, and excellent storage.
The property will be offered predominantly unfurnished, although the wardrobes and bed base in the principal bedroom, bed base in the second bedroom and sofa in the lounge will remain.
Spectrum is ideally located for Douglas town centre, the Promenade, restaurants, cafés and local amenities, while also offering easy access to the wider Island.
£1,550 per calendar month, inclusive of rates and service charge. Note: Some images are illustrative of the property when fully furnished
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About 42 Spectrum Apts Central Promenade, Douglas, Isle Of Man
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