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See how verdicts work5-bedroom terraced house · IM9 5DP
For saleListed 47 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
7 High Street presents an excellent development opportunity in a prominent position in the heart of Port St Mary, offering approximately 2,914 sq.ft of accommodation arranged over three floors.
The property is part-completed and designed to provide three self-contained apartments with communal stairway, storage and an enclosed rear terrace.
The second-floor one-bedroom apartment is finished, the first-floor two-bedroom apartment is partially completed, while the substantial ground-floor apartment, extending to approximately 1,188 sq.ft, requires the greatest level of work.
Estimates have been obtained for the principal outstanding works.
Main building and finishing works are estimated at approximately £88,000, including £8,000 to complete the external render and £8,000 for frontage works.
Approximately £21,000 is allowed for soundproofing, tanking, partitions, ceilings, joinery, plasterboarding and plastering to the ground-floor flat, with a further £7,000 for electrical works.
Approximately £18,000 is allowed for two kitchens including fitting, £5,800 for fire regulation works, £4,000 for a bathroom, £1,800 for a Juliet balcony, £2,800 for drainage/rear yard works and £10,000 for decoration and stair carpeting.
A separate plumbing and heating estimate is approximately £23,250 including VAT, bringing the identified outstanding works to approximately £111,000.
All figures are approximate, include provisional sums/exclusions and should not be treated as fixed quotations. Copies of estimates are available upon request.
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 7, High Street, Port St. Mary
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