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 2LT
Sold STCListed 416 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Accommodation Ground Floor Communal Entrance Hallway Stairway access to upper floors. Post boxes. Secure entry intercom system. Second (Top) Floor Apartment 5 Private Entrance Hallway (approx.
13'4 max x 8'6 max) Linen cupboard with heated piping and fitted slatted shelving. Loft access and fuse box. Lounge/Diner (approx.
13'0 x 11'8) Two dual aspect double glazed windows, one being uPVC and the other timber framed, providing distant hillside views and the children's playground. Kitchen (approx.
9'4 x 8'1) Fitted with a wooden range of base, wall and drawer units. Work surfaces incorporating a stainless steel one and a half bowl sink with a mixer tap over and drainer. Four ring ceramic hob.
Indesit washer/dryer, separate under counter Statesman fridge and freezer can be included by separate negotiation. Alpha wall mounted gas fired central heating boiler.
Window overlooking the children's playground. Bedroom 1 (approx. 13'4 max x 11'0) Bedroom 2 (approx. 8'2 x 7'9) Bathroom (approx.
13'4 max x 5'4) Fitted with a white three piece suite comprising of a bath tub with a shower attachment over and splash screen, pedestal wash hand basin and W.C. Frosted double glazed window.
Radiator. Outside Communal parking area. Services All main services are connected. Gas fired central heating. Fibre connected. Tenure Leasehold. Remainder of a 999 year lease.
Management Company There is an active management company in place with the current charge set at £1,125.00 and a ground rent of £50.00, for the financial year 2023/24.
Rates Isle of Man Government Treasury: £500.97 Braddan Parish Commissioners: £412.04 Total: £913.01 for the financial year 2025/26.
Directions Travelling out of Douglas along Peel Road, proceed straight ahead at both Quarterbridge roundabouts onto the main road to Peel.
After Braddan Bridge bear left at the first roundabout then right at the mini roundabout onto Vicarage Road.
Continue straight ahead at the first roundabout and then left at the next roundabout onto Stevenson Way.
Take the second right onto Clybane Road and follow the road past the school entrance, where 1 Clybane Manor can be found a short distance along on the left hand side, clearly identified by our For Sale board.
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.
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FAQ
About Apt. 5, 1 Clybane Manor, Farmhill, Douglas, IM2 2LT
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