3-bedroom terraced house · IM4 2GZ
Sold STCListed 325 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Accommodation Ground Floor Entrance Hallway Downstairs W.C.
Lounge Kitchen/Diner First Floor Landing Bedroom 1 Bedroom 2 Bedroom 3 Family Bathroom Outside To the front of the property there is a small lawned garden area wrapping round to the side, with a footpath leading to the front door.
To the rear of the property there is a lawned garden with a patio area and fenced boundaries. Single Garage Fitted with a white up and over garage door. Services All main services are connected.
Gas fired central heating. UPVC double glazed throughout. Rates Isle of Man Government Treasury: £858.14 (2025/26). Directions Travelling along the New Castletown Road and up Richmond Hill.
Continue past the Home of Rest for Old Horses and The Forge, taking the next right hand turning onto the Mount Murray Back Road.
Take the first right, into Mount Murray Drive and turn right, proceeding straight ahead into Murrays Lake Drive where number one can be found as the first house on the right hand side, clearly identified by our For Sale board.
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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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 1,Murrays Lake Drive, Douglas
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