2-bedroom flat · IM2 1HZ
For saleListed 55 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-positioned two-bedroom first-floor apartment situated within the popular Saddle Mews development, which is exclusively for residents aged 50 and over.
The property offers well-proportioned accommodation and provides an excellent opportunity for a new owner to undertake some modernisation and cosmetic improvement.
Whilst the apartment would benefit from a programme of updating and redecoration, it offers a good foundation to create an attractive home.
The apartment enjoys a particularly convenient position within the development, being ideally situated for access to the communal car parking.
It also benefits from its own private balcony, providing a pleasant outdoor space to sit and enjoy some fresh air in the warmer months.
Internally, the property comprises a welcoming living area, kitchen, two bedrooms and bathroom, offering practical and manageable accommodation.
The two-bedroom layout also provides flexibility, whether required for guests, hobbies, or additional living space.
Saddle Mews is designed to provide independent living within a friendly and established community for the over-50s.
This apartment represents an appealing opportunity for someone looking for a well-located property with the benefit of private outdoor space, convenient parking and considerable potential to update and personalise the accommodation.
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 66, Saddle Mews, Douglas
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