2-bedroom flat · IM2 1HE
Listing removedListed 103 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious ground floor apartment with dedicated entrance located on the outskirts of central Douglas accessed via Mylchreest Dealership on Castletown Road.
Available immediately, the unfurnished accommodation has been fully redecorated provides an open plan living / dining room area with patio doors out to the outdoor seating area overlooking the River Dhoo.
Open plan kitchen with washing machine, electric hob and oven and under counter fridge. Spacious master bedroom with patio doors to the outside and walk in dressing room.
Second double bedroom and shower room. Gas fired central heating. Some pets may not be allowed. 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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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 Flat 1, Riverside Court, Douglas
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