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 1EZ
Listing removedListed 58 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Beautifully presented throughout, this spacious first floor purpose-built apartment enjoys a quiet cul-de-sac position within easy reach of local schools, shops and Douglas city centre.
Offering deceptively spacious, light and airy accommodation, the property is an ideal choice for a first-time buyer, investor or those seeking a low-maintenance home.
A particular feature is the property's own private entrance and front door, meaning there is no communal hallway.
Stairs lead to the first floor entrance hall, which benefits from useful storage cupboard and provides access to the well-proportioned accommodation.
The living room offers a comfortable and inviting space, while the separate stylish dining kitchen provides an excellent setting for both everyday living and entertaining.
There are two generous double bedrooms, complemented by a modern family bathroom. Externally, the property benefits from a designated parking space, clearly marked as No.
2, providing convenient off-road parking.
Combining generous accommodation, a private entrance and an excellent location, this attractive apartment represents a superb opportunity for a purchaser seeking modern, convenient living close to Douglas and local amenities.
Inclusions All fitted floor coverings, blinds, curtains and light fittings Appliances Oven and 4 ring hob Tenure Leasehold - held on the remainder of a 125 year lease with a management company in place which has set the current service charge at approximately £900.00 per annum including £1.00 per annum ground rent Rates Treasury tel and Douglas Borough 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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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 2, Sycamore Grove, Douglas
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