5-bedroom property · IM2 4HE
Sold STCReduced £55k (−12.2%) on 23 JunListed 401 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to acquire a freehold block comprising three self-contained apartments in the heart of Douglas.
The property is part-renovated and requires completion, presenting an excellent investment or resale opportunity once works are finalised.
Flat 1 (Ground Floor): 1-bedroom apartment with bathroom and open-plan kitchen/living/dining space. Flat 2 (First Floor): 2-bedroom apartment with bathroom and open-plan kitchen/living/dining space.
Flat 3 (Second Floor): 2-bedroom apartment with bathroom and open-plan kitchen/living/dining space. Communal stairwell providing access to all floors.
Renovation works are well-advanced, with much of the property brought to second/final fix stage including electrics and plumbing.
Rental Values (on completion) 1-bed: £1,000 – £1,100 pcm 2-beds: £1,300 – £1,400 pcm each Gross annual income potential: £43,200 – £46,800 Indicative gross yield: 8.5% – 9.0% once complete
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 34, Victoria Road, Isle Of Man
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