2-bedroom house · IM5 1BR
Listing removedListed 336 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A charming terraced cottage situated on the popular Patrick Street in Peel, within easy walking distance of the harbour, beach, shops, and schools.
The property enjoys attractive views over Peel Hill, the surrounding headlands, and down towards the 11th-century Viking castle and harbour.
The accommodation comprises a porch leading into a welcoming sitting room with a feature fireplace housing a log-burning stove and exposed stone chimney breast, creating a warm and inviting atmosphere.
The modern kitchen diner includes integrated appliances and offers an excellent space for entertaining, with a rear door leading out to a low-maintenance paved garden - an ideal spot to enjoy the evening sun.
Upstairs, the first floor includes a double bedroom and a contemporary shower room, while the top floor provides a spacious master bedroom with lovely views towards Peel Hill.
This property represents an excellent opportunity to acquire a well-presented coastal home, ideal for first-time buyers, downsizers, or as a lock-up-and-leave retreat.
Inclusions Fixtures and fittings, Curtains/blinds, Light fittings, Fitted floor coverings. Appliances All integrated appliances. Tenure Freehold Heating Gas central heating.
Boiler located first floor cupboard Services Mains water, electricity, and drainage Money Laundering Regulations In accordance with current legislation, the successful purchaser(s) will be required to provide the selling agents with evidence of identity and proof of address to satisfy the Money Laundering Regulations.
Further information on the required documentation can be provided upon request
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.
Area
Agent & docs
FAQ
About 26, Patrick Street, Isle Of Man
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