3-bedroom terraced house · IM3 1EY
Listing removedReduced £10k (−4%) on 4 JulListed 198 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a well-established and convenient residential area of Onchan, 11 Royal Drive presents an excellent opportunity to acquire a charming Victorian end-terrace home brimming with character and potential.
This attractive property offers spacious accommodation throughout, with a traditional layout that lends itself perfectly to modernisation or reconfiguration, allowing any buyer to truly make the home their own.
Retaining a number of period features, the property has a warm and inviting feel while offering scope to enhance and add value.
The ground floor comprises a generous living room and a separate dining area, providing flexible spaces for both everyday living and entertaining.
The kitchen sits to the rear of the property and offers direct access to the outside space. To the first floor, there are three well-proportioned bedrooms along with a family bathroom.
A particularly notable feature of this home is the additional attic room, complete with a shower room.
This space offers fantastic versatility and, subject to the necessary planning permissions and building regulations, could be further utilised as an additional bedroom, home office, or hobby space.
Externally, the property benefits from a uniquely shaped rear yard, affectionately known as “The Cheesecake” due to its distinctive layout.
This quirky outdoor area provides a private space with potential for creative landscaping or a low-maintenance seating area.
Positioned within easy reach of local amenities, schools, and transport links, this property is ideally suited to first-time buyers, investors, or those looking for a project with genuine upside potential.
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.
Area
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FAQ
About 11, Royal Drive, Onchan
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