1-bedroom flat · IM3 2BD
For saleListed 133 days
Opportunity summary
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About
Luxury First-Floor Coastal Apartment with 3 Balconies and Panoramic Sea Views A unique opportunity to acquire one of the most sought-after apartments on the Isle of Man, occupying a prime first-floor position within the prestigious Majestic Apartments development.
This exceptional coastal residence enjoys breathtaking, uninterrupted south-facing sea views across Douglas Bay and out to sea from 3 private balconies, creating an unrivalled setting for luxury island living.
Finished to an excellent standard throughout, the apartment offers over 1,200sq/ft of premium accommodation, combining generous proportions with elegant contemporary design.
The spacious layout includes a superb principal bedroom suite, expansive living and entertaining space, a garage and ample internal space to reconfigure the apartment into a 2 bedroom residence, subject to the necessary consents and approvals.
Rarely do properties of this calibre and location come to the market, offering a unique blend of privacy, luxury, spectacular coastal scenery and future potential within one of the Island's most desirable gated developments.
Accommodation Ground Floor Secure Communal Entrance Hallway Private mail boxes. Apartment 12 Private Entrance Hallway (approx. 23'3 x 15'3) Lounge (approx. 22'0 x 12'1) Kitchen/Diner (approx.
25'3 x 9'9) Utility Room (approx. 7'6 x 6'1) Bedroom (approx. 21'9 max x 17'0) Walk-in Wardrobe (approx. 9'3 x 6'6) En-Suite Bathroom (approx. 14'4 x 6'1) Shower Room (approx.
7'6 x 6'1) Outside Secure entry system providing access into the gated development. Ample communal parking spaces.
3 Private Balconies The lounge, kitchen/diner and bedroom all benefit from access to separate private balconies providing beautiful views over Douglas Bay and out to sea.
Single Garage Fitted with an up and over electric garage door. Power connected. Services All main services are connected. Electric 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 service charge set at £3,928.00 for the financial year 2025/26, which includes the ground rent of £10.00 Per Annum.
Directions Travelling along Douglas Promenade in the direction of Onchan, proceed past Port Jack and onto King Edward Road.
Continue past the entrances to Harbour Road and Howe Road and take the next right into the Majestic Apartments development where apartment twelve can be found in the middle of "C" block.
Value & comps
No previous sales on record.
Returns
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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.
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About Apt. 12 Majestic Apartments,King Edward Road, Onchan
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