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See how verdicts work2-bedroom flat · IM2 4NY
Sold STCListed 232 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Purpose-built third floor apartment offering bright, contemporary living on Douglas Promenade.
The apartment enjoys a light and airy feel throughout, enhanced by neutral décor and a practical modern layout designed for easy living.
The open-plan living/dining area forms the heart of the home, flowing seamlessly into a modern fitted kitchen - creating a sociable space suited to both everyday living and relaxed entertaining.
A Juliet balcony allows natural light to flood the room while providing a pleasant outlook towards the surrounding cliffside. There are two well-proportioned bedrooms.
The principal bedroom benefits from built-in wardrobes, offering useful storage while maintaining a clean and uncluttered feel. A modern bathroom completes the accommodation.
Queens Apartments occupies a convenient central Promenade setting, with a wide range of amenities within easy walking distance.
Douglas city centre, cafés, restaurants, bars and shops are all nearby, while the Promenade itself offers scenic coastal walks along the bay.
The property also benefits from a designated parking space, a valuable feature in such a central location.
Presented in modern, neutral condition, the apartment would suit a range of purchasers including first-time buyers, investors or those seeking a low-maintenance lock-up-and-leave.
Inclusions All fitted floor coverings, blinds and light fittings Appliances Oven and 4 ring hob Tenure Leasehold - held on the remainder of a 999 year lease with a management company in place which has set the current management fees at approximately £1550.00 per annum.
£10.00 per annum ground rent Rates Treasury tel - and Douglas Borough tel - Heating Electric Windows uPVC double glazing
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 60, Queens Apartments, Douglas
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