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See how verdicts work2-bedroom flat · IM3 2JF
For saleListed 115 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Occupying a highly sought-after coastal location, this exceptional first-floor apartment benefits from spectacular sea views and offers luxurious contemporary living, complemented by an impressive 40ft private terrace and beautiful promenade and coastal walks.
Finished to an impeccable standard throughout, the apartment boasts high-quality contemporary fixtures and fittings, creating a stylish and sophisticated home.
A feature grand reception hall provides an elegant welcome and sets the tone for the spacious accommodation beyond. In addition the reception hall benefits from extensive storage.
At the heart of the home is a superb living and entertaining space, comprising a generous living/dining room, a stunning contemporary kitchen and a large separate utility room.
Designed to maximise both indoor and outdoor living, the magnificent private terrace is accessed directly from both the living room and the principal bedroom suite, providing the perfect setting for al fresco dining, entertaining or simply relaxing while enjoying the coastal surroundings.
The apartment offers two spacious sea-facing double bedrooms, with the principal bedroom benefiting from a beautifully appointed en-suite shower room.
A luxurious separate bathroom serves the second bedroom and guests, finished to the same exceptional standard found throughout the home.
Further enhancing the appeal of this fine apartment is a designated covered parking space within the carport, together with three private storage rooms (3,4 &5), providing excellent practicality alongside this outstanding coastal residence.
Inclusions All fitted floor coverings, blinds, curtains and light fittings Appliances Electric double oven and hob, dishwasher and fridge freezer Tenure Leasehold - held on the remainder of a 999 year lease with an active management company in place which has set the current service charge at approximately £2,700.00 per annum.
Rates Treasury tel and Onchan Commissioners tel Heating Gas 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
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FAQ
About 23, King Edward Bay Apartments, Onchan
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