4-bedroom house · IM5 1AW
For saleReduced £39k (−11.9%) on 8 AugListed 164 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No.12 Church Lane is an unusual and highly characterful property situated within the heart of old Peel, occupying one of the town’s historic lanes and enjoying close proximity to the harbour, beach, and high street amenities.
Rare for this central location, the property benefits from a substantial rear garden measuring approximately 40ft x 30ft, together with an adjoining two-storey linked building offering excellent potential for extension or possible conversion into separate accommodation, subject to the necessary planning consents.
The main house now requires comprehensive modernisation and remedial works throughout, while the adjoining two-storey structure is currently in shell condition and requires full refurbishment.
The property therefore presents an exciting opportunity for builders, developers, or purchasers seeking a distinctive renovation project in a highly sought-after coastal setting.
The accommodation within the main house comprises a sitting room, dining room, and kitchen to the ground floor.
The first floor provides a shower room, single bedroom to the rear, and a spacious double bedroom to the front. The second floor offers two further bedrooms.
Externally, the rear garden provides unusually generous outdoor space for old Peel and offers excellent scope for landscaping or further enhancement.
To the rear, the property enjoys views across Peel harbour and Peel Hill, while to the front there are borrowed landscaped views from the neighbouring church gardens.
Parking is available on street, with a public car park located within approximately 50 feet of the property.
This is a rare opportunity to acquire a period property with significant potential in one of Peel’s most historic and desirable locations.
Inclusions Fixtures and fittings, Curtains/blinds, Light fittings, Fitted floor coverings. Appliances - All integrated appliances.
Tenure Freehold Heating To be confirmed 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 12, Church Lane, Isle Of Man
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