3-bedroom detached house · IM3 1LR
Under offerListed 57 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
4 Kerrocoar Drive presents an excellent opportunity for a purchaser looking to put their own stamp on a well-proportioned home with plenty of potential.
The property is now in need of refurbishment and modernisation throughout, but offers a surprisingly versatile layout arranged over several levels.
The main accommodation includes a dining room and kitchen, together with a separate utility/laundry area and bathroom.
A spacious living room sits on its own level and measures approximately 20'5" x 11'1", providing a generous main reception space.
The upper floors provide three bedrooms, including a particularly good-sized primary bedroom measuring approximately 15'3" x 9'3", which also benefits from an adjoining walk-in wardrobe.
The remaining two bedrooms provide flexible accommodation for children, guests or a home office. A major feature of the property is the large detached garage, measuring approximately 18'5" x 20'11".
Its size makes it ideal for anyone requiring substantial garaging, storage or workshop space and gives the property an additional point of difference.
Overall, this is a home that would benefit from a comprehensive programme of updating, but the existing accommodation, generous garage and scope to improve make it an exciting project for a buyer looking to create a home to their own specification.
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 4, Kerrocoar Drive, Onchan
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