5-bedroom house · IM4 7JB
For saleReduced £15k (−2.7%) on 12 SepListed 175 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Evergreens is a substantial and extended family home, exceeding 3,000 sq ft, set within a generous plot in an elevated position enjoying far-reaching views over Laxey Bay and the sea.
Located on South Cape, the property offers excellent access to local amenities, the village and the beach, making it ideally placed for family living in a sought-after coastal setting.
While the property requires modernisation throughout, it presents an exceptional opportunity for a purchaser to create a truly outstanding home.
The scale of accommodation, combined with the size of the plot and its position, offers significant potential to enhance, reconfigure and add value.
The ground floor provides extensive and flexible living space, with five to six reception rooms offering a variety of uses including formal and informal living areas, dining space or home working.
There is also a kitchen, bathroom, utility room and a spacious reception hallway.
To the first floor are five double bedrooms, two bathrooms and an additional sitting room which enjoys attractive views across the bay. The lower ground floor includes a double garage.
Externally, the property sits on a large plot with a driveway and off-road parking to the front.
To the rear is a good-sized garden with mature trees and shrubs, offering privacy and excellent outdoor space, with access around both sides of the property.
The Evergreens is a rare opportunity to acquire a home of this size and plot in such a prime location.
Although in need of updating, it offers huge potential to be transformed into an exceptional coastal residence.
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 The Evergreens, South Cape, Laxey
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