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See how verdicts work3-bedroom flat · IM5 1AR
For saleListed 145 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A unique and distinctive Penthouse apartment enjoying unrivalled views across the entirety of Peel Marina to the hillside opposite.
Exuding charm and character from a wealth of exposed timbered beams, this light and airy home provides 3 bedrooms and three bathrooms, across two levels, with an open plan triple aspect lounge with Cathedral style ceiling leading to the kitchen, mezzanine study area, direct and secure lift access into the apartment, roof top conservatory and secure parking with double garage in communal gated area.
This property is offered for sale with no onward chain. Location Travelling into Peel on the main road from Douglas, turn left at the crossroads into Queen’s Drive.
At the roundabout turn right and continue down Queens Drive. At the junction turn right and then left down Station Hill. Turn right at the traffic lights past The Creek Inn.
Mariners Wharf can be found a short distance along on the right-hand side. Penthouse Entrance Hall Lift with private coded access to top floor. Video Entry Control System.
Solid Oak skirting, architraves and doors throughout. Built-in storage cupboard. Further built-in storage housing the Megaflow hot water storage tank.
Lounge (37' 0'' x 16' 0'' (11.27m x 4.87m)) Triple aspect windows with balcony to the front elevation, giving extensive views with aspects to Peel Castle, the hills and surrounding areas.
Mirrored feature radiators. An impressive open beamed double height Cathedral ceiling with roof windows, giving natural light to the Lounge and Mezzanine Level above.
Windows fitted with electronically operated, thermally insulating Luxaflex Blinds.
Karndean flooring Open Plan Kitchen Fitted with an extensive range of quality light oak wall, base and drawer units with black granite work surfaces.
These incorporate a one and a half bowl stainless steel sink unit with mixer tap, full size double door Rangemaster fridge freezer, Neff oven, microwave and hob, extractor fan, waste disposal unit and dishwasher.
This opens to a fully fitted utility area with integrated washer dryer and stainless-steel sink unit with mixer tap.
Quality Karndean tiled flooring and lit by downlighters Cloakroom Fitted with a white suite of wash hand basin with mixer tap, toilet and chrome heated towel rail. Fully tiled walls and tile flooring.
Conservatory Spacious Conservatory, ideal for entertaining accessed from the hall. Double patio doors leading onto recessed balcony area. Luxaflex blinds to all roof windows.
Decorative tiled flooring. Views to Clock Tower at rear. West facing to the front.
Galleried Mezzanine Lounge (14' 0'' x 9' 0'' (4.26m x 2.74m)) Split level with panoramic views and overlooking the lounge area. Built-in storage cupboards.
Master Suite (20' 10'' x 12' 0'' (6.35m x 3.65m)) Door to Juliette balcony with views over surrounding Courtyard gardens. Feature storage alcoves.
Walk-in Dressing Room fitted with hanging rails and storage units with skirting radiators. Turned staircase to Mezzanine Study Area off bedroom.
Mezzanine Study (13' 0'' x 8' 0'' (3.96m x 2.44m)) Built-in computer desk. Under eaves storage cupboards. 4 velux roof lights. Master Ensuite Roof windows to ceiling.
Fitted with a white suite of double wash hand basins, Kohler programmable massage shower and separate bath. Heated towel rails. Karndean flooring.
Bedroom (12' 11'' x 11' 10'' (3.93m x 3.60m)) Built-in illuminated wardrobes with skirting radiators. Feature dressing mirror and lights. Views to Peel Hill and inner marina.
Ensuite Shower Room Fully tiled and fitted with a white suite, comprising wash hand basin with mixer tap, fully tiled shower cubicle and toilet. Karndean flooring.
Bedroom (9' 0'' x 8' 10'' (2.74m x 2.69m)) With part-restricted head room, this room is designed for twin beds.
Through to: Ensuite Bathroom Fitted with a white suite, comprising bath with shower attachment, wash hand basin and toilet. Heated towel rail. Part tiled walls and tiled flooring.
The Courtyard Remotely operated gate access leading to Courtyard and Private Double Garage with up and over electric door. With secure access to residents only. Tenure Leasehold.
Remainder of 999 year lease from 2008. Management fee: £2,682.53 half yearly (this covers the period Dec - May). Ground rent: £10 per annum. Services Mains water, electricity and drainage.
Gas central heating. Viewing Viewing is strictly by appointment through Chrystals. Please inform us if you are unable to keep appointments. Possession Vacant on completion.
The company do not hold themselves responsible for any expenses which may be incurred in visiting the same should it prove unsuitable or have been let, sold or withdrawn.
Disclaimer - Notice is hereby given that these particulars, although believed to be correct do not form part of an offer or a contract.
Neither the Vendor nor Chrystals, nor any person in their employment, makes or has the authority to make any representation or warranty in relation to the property.
The Agents whilst endeavouring to ensure complete accuracy, cannot accept liability for any error or errors in the particulars stated, and a prospective purchaser should rely upon his or her own enquiries and inspection.
All Statements contained in these particulars as to this property are made without responsibility on the part of Chrystals or the vendors or lessors.
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.
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