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See how verdicts work2-bedroom flat · IM2 4LU
For saleListed 16 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Accommodation Ground Floor Communal Entrance Hallway Post boxes. Lift and stairway access to all floors. Third Floor Apartment 5 Private Entrance Hallway (approx.
Open Plan Lounge/Kitchen/Diner (approx. 30'7 x 21'8) Cloakroom W.C. (approx. 6'5 x 5'3) Bedroom 1 (approx. 15'2 x 12'11) En-Suite Bathroom (approx. 6'3 x 6'0) Bedroom 2 (approx.
10'11 x 10'3) En-Suite Shower Room (approx. 10'7 x 6'4) Services All main services are connected. Gas fired central heating. uPVC double glazed throughout. Tenure Leasehold.
Remainder of a 999 year lease. Management Company There is an active management company in place with the current charge set at approx. £150.00PCM, billed quarterly.
Tenancy Details There is currently a tenant in situ on a 12 month lease until December 2026, achieving £1,400PCM.
Directions Travelling down Broadway and onto Central Promenade, turn left at the roundel and continue along for a short distance where Kenilworth Apartments can be found after the entrances to both Empress Drive and Mona Drive, 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.
Area
Agent & docs
FAQ
About Apt. 5 Kenilworth Apartments, Central Promenade, Douglas, IM2 4LU
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