2-bedroom terraced house · IM2 7BL
Under offerListed 31 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Investment only. Currently let at £1,300 pcm until 1st July 2029. 28 Lakeside Road presents an excellent investment opportunity in a popular residential location.
This modern two-bedroom end-of-terrace home is conveniently positioned within easy walking distance of local schools, Governors Hill shops and bus routes.
The accommodation comprises an entrance hall, bright open-plan living/dining room with glazed doors to the rear garden, separate fitted kitchen with garden access, two generous double bedrooms and a contemporary family bathroom with separate bath and shower.
Externally, the property benefits from a private, low-maintenance rear garden. An attractive turnkey investment with an established rental income with a tenant in situ.
Location From Governors Bridge head towards Sign post corner, turning left onto Hailwood Avenue.
Turn left onto Lakeside Road and take the third turning on the left and number 28 can be found on the right hand side, clearly identified by our For Sale Board.
Entrance Dining Area (9' 2'' x 9' 2'' (2.8m x 2.8m)) Living Room (12' 2'' x 11' 10'' (3.7m x 3.6m)) Kitchen (12' 2'' x 7' 10'' (3.7m x 2.4m)) First Floor Bedroom (12' 2'' x 11' 6'' (3.7m x 3.5m)) Shower Room (5' 11'' x 7' 7'' (1.8m x 2.3m)) Bedroom (12' 2'' x 9' 10'' (3.7m x 3.0m)) Outside Side garden with garden shed.
Paved patio area to rear. Communal parking to the rear. Services Mains water, electricity and drainage. Gas central heating. Viewing Viewing is strictly by appointment through chrystals.
Please inform us if you are unable to keep appointments. Possession There is a signed Tenancy Agreement in place until 1st July 2029.
It offers a break clause after 1st July 2027, when a 3 month notice period can be introduced (vacant possession from October 2027).
The company do not hold themselves responsible for any expenses which may be incurred in visiting the same should it prove unsuitable or have been let, sold or withdrawn.
Disclaimer - Notice is hereby given that these particulars, although believed to be correct do not form part of an offer or a contract.
Neither the Vendor nor Chrystals, nor any person in their employment, makes or has the authority to make any representation or warranty in relation to the property.
The Agents whilst endeavouring to ensure complete accuracy, cannot accept liability for any error or errors in the particulars stated, and a prospective purchaser should rely upon his or her own enquiries and inspection.
All Statements contained in these particulars as to this property are made without responsibility on the part of Chrystals or the vendors or lessors.
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 28 Lakeside Road, 28 Lakeside Road, Douglas
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