We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom terraced house · IM9 1AF
Listing removedListed 34 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A charming double-fronted end terrace cottage situated on Malew Street, offering a wonderful combination of traditional character and modern comfort.
Ideally positioned within the heart of historic Castletown, with the town centre just a short stroll away.
You can enjoy a fantastic range of local amenities including independent shops, cafés, restaurants, pubs and everyday services, together with the beautiful harbour and historic Castle Rushen.
The surrounding area offers wonderful coastal and countryside walks, with Castletown Beach and the picturesque Silver Burn area close by.
There are excellent transport links to other parts of the Island, while Ronaldsway Airport is just a short drive away.
The property has undergone an extensive programme of improvements, creating a beautifully refreshed home while retaining its quaint cottage appeal.
Works include a newly fitted kitchen, new log burner, updated flooring and carpets, modern shower room and plumbing upgrades, together with external painting.
The new log burner provides a lovely focal point to the living accommodation, creating a warm and inviting space.
The property offers two well-proportioned double bedrooms, both providing comfortable and versatile accommodation.
There is also a useful hobbies/loft space accessed via ladders, providing excellent additional storage or flexible space.
Inclusions All fitted floor coverings, curtains and light fittings Appliances Oven, washing machine/tumble dryer Tenure Freehold Rates Treasury tel Heating Oil Windows uPVC double glazing
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About 58, Malew Street, Castletown
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