1-bedroom flat · IM1 2LZ
To rentListed 35 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
First floor apartment central located in the heart of Douglas overlooking the Promenade and Douglas Bay.
Unfurnished the accommodation provides a galley style kitchen with breakfast bar benefitting from gas hob and electric oven, large fridge freezer and washing machine.
Spacious living room with high ceiling and much light with views over Douglas Bay. Well proportioned double bedroom with also benefiting from views over the bay. New modern bathroom with shower over.
Separate storage cupboard also. Gas fired central heating. Some pets may not be allowed, children or smokers.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Flat 1, 46 Loch Promenade, Douglas
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