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See how verdicts work2-bedroom flat · IM2 3HA
For saleListed 39 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious luxury third floor apartment within a prestigious converted landmark building in central Douglas.
Originally the historic Okells Falcon Brewery, the building was sympathetically redeveloped in 2010 to create just 12 contemporary apartments, complemented by secure allocated parking and residents’ gymnasium and spa facilities.
Apartment 9 offers generously proportioned accommodation arranged over two floors, comprising two impressive double bedrooms, both benefiting from spacious en-suite facilities.
The light and inviting living room features a large vaulted ceiling and multiple attractive feature windows, creating a wonderful sense of space and character.
The high-specification breakfast kitchen provides a stylish and practical space for both everyday living and entertaining, with doors opening onto a private balcony.
A separate cloakroom completes the accommodation.
The property enjoys an enviable central location, within easy walking distance of Douglas Promenade and beach, as well as the town centre and business district, making it particularly convenient for both professional and leisure pursuits.
The property is offered for sale with the benefit of no onward chain. Location From the sea terminal travel along the promenade take a left hand turn after the Villa Marina and up Broadway.
Take the left hand turn at the traffic signals and Sheridan Apartments can be located on your right hand side.
Communal Entrance Apartment 9 - Floor Entrance Hallway Living Room (16' 1'' x 15' 1'' (4.9m x 4.6m)) Separate WC (2' 11'' x 5' 3'' (0.9m x 1.6m)) Kitchen (10' 6'' x 17' 1'' (3.2m x 5.2m)) Balcony (7' 7'' x 16' 1'' (2.3m x 4.9m)) Stairs To Upper Floor Landing (11' 6'' x 7' 10'' (3.5m x 2.4m)) Bedroom (16' 1'' x 15' 5'' (4.9m x 4.7m)) Ensuite (9' 10'' x 5' 3'' (3.0m x 1.6m)) Bedroom (17' 5'' x 14' 5'' (5.3m x 4.4m) max) Ensuite (11' 10'' x 7' 10'' (3.6m x 2.4m)) Lower Ground Floor - Communal Gym Outside To the front of the property there is a communal parking area.
Access from either side of the property to the private and secure parking area where there are allocated parking spaces. Tenure Leasehold - Residue of 999 year lease. Service Charge: Approx.
£1585.00 per annum Services Mains water, electricity and drainage. Gas central heating. Electric heating. Viewing Viewing is strictly by appointment through chrystals.
Please inform us if you are unable to keep appointments. Possession Vacant on completion.
The company do not hold themselves responsible for any expenses which may be incurred in visiting the same should it prove unsuitable or have been let, sold or withdrawn.
Disclaimer - Notice is hereby given that these particulars, although believed to be correct do not form part of an offer or a contract.
Neither the Vendor nor Chrystals, nor any person in their employment, makes or has the authority to make any representation or warranty in relation to the property.
The Agents whilst endeavouring to ensure complete accuracy, cannot accept liability for any error or errors in the particulars stated, and a prospective purchaser should rely upon his or her own enquiries and inspection.
All Statements contained in these particulars as to this property are made without responsibility on the part of Chrystals or the vendors or lessors.
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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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.
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FAQ
About 9 Sheridan Apartments, Falcon Street, 9 Sheridan Apartments, Falcon Street, Douglas
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