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See how verdicts work3 × 1-bed flat · IM8 2HX
For saleListed 398 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An opportunity has arisen to acquire a freehold property comprising four apartments and two studios in the very centre of Ramsey, enjoying superb views across the bay and set within easy reach of the town's shops, restaurants and amenities.
Its enviable location makes it as attractive to tenants as it is to investors.The property comprises of three one bedroom apartments, a spacious two bedroom apartment and two studio apartments.
Five units are currently let and generating income, while one is vacant and awaiting refurbishment.Currently managed by the owner, the block brings in £32,040 annually, with considerable potential to enhance returns through refurbishment and rent increases.
Full of untapped potential, this building offers an incoming purchaser the opportunity to add significant value.
Additionally, the neighbouring apartment block, Silverburn, is available from the same vendor, opening the door for those seeking to expand their portfolio with a larger investment.
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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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 Ben Eaden, Brookhill Road, Ramsey
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