2-bedroom flat · IM5 1AD
For saleListed 50 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Occupying the upper two floors of a purpose built development containing only three apartments, this spacious duplex property enjoys panoramic views across Peel and an exceptionally convenient town centre position.
The building was redeveloped in 2023, creating a distinctive collection of apartments within easy walking distance of Peel beach, promenade, high street, shops, cafés and local amenities.
Access is provided by a covered stairwell. Internally, the accommodation includes an open plan kitchen and sitting room, two bedrooms and a bathroom.
The current owners use the principal bedroom as an additional sitting room, demonstrating the flexibility of the layout.
This room could readily return to use as a generous bedroom, depending upon the purchaser’s requirements.
Its elevated position across the upper two floors provides impressive panoramic views over Peel, creating a wonderful backdrop to the principal rooms.
Combining flexible accommodation, elevated views and a highly convenient location close to the beach and town centre, this apartment represents an excellent opportunity for permanent living, a coastal retreat or investment.
Inclusions - Fixtures and fittings, Curtains/blinds, Light fittings, Fitted floor coverings. Appliances - All integrated appliances.
Tenure, Leasehold, remainder of a 999 year lease Heating, Electric storage heaters and hot water cylinder Service charge - £900per annum
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 Apartment 12B, Market Street, Isle Of Man
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