We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · IM2 4NS
Sold STCListed 205 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
ACCOMODATION Located within the popular Piccadilly Court development in central Douglas, Apartment 31 represents a fantastic opportunity for both homeowners and investors seeking convenience and space.
The apartment is bright and generously sized, with a well-designed open-plan living and dining area forming the heart of the home.
This inviting space enjoys impressive views across Douglas Bay towards Douglas Head and is ideal for both relaxing and entertaining.
Large windows draw in plenty of natural light, creating a comfortable and airy feel throughout.
The kitchen is spacious and offers ample storage with space for appliances and a breakfast table, making it both practical and functional.
There are two well-proportioned double bedrooms, each offering flexibility for a range of uses including guest accommodation, a home office, or additional storage.
Both rooms provide comfortable living space and are ready to move straight into. A contemporary bathroom completes the accommodation, finished in a clean and modern style.
Residents benefit from secure entry, lift access, shared parking, and well-kept communal areas.
The central location means shops, the business district, local amenities, and the promenade are all within easy reach, making this an ideal property for convenient town living.
Tenure - Leasehold with active management company, charges are set at £2,200 per annum. Ground rent - £450 per annum. Rates - Approx £1,500 per annum. THINKING OF SELLING?
We are professionally qualified estate agents and licensed members of the National Association of Estate Agents (NAEA).
We provide free of charge walk through valuations based on properties that have sold so the valuation is far more accurate and realistic in this buoyant market.
We will also advise and listen to your thoughts and plans.
Give us a call on or email us at DISCLAIMER Whilst Manxmove Ltd believe that these details are correct, neither Manxmove Ltd or their clients guarantee their accuracy in any way.
Consequently, these details are not to be used to form part of any legally binding contract.
Prospective purchasers or tenants are advised to visit this property to satisfy themselves as to the correctness of these details.
Please note, we use wide angle camera lenses in order to show as much of each room as possible.
This is not intended to mislead any prospective purchasers or tenants in any way and an honest verbal description is always available prior to viewing if required.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Queens Promenade, Douglas, Isle of Man, IM2
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