3-bedroom terraced house · IM4 7JA
For saleListed 17 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Workshop is a truly unique home, beautifully positioned along Glen Road in the heart of picturesque Laxey, where character, contemporary design and a tranquil riverside setting come together to exceptional effect.
Extensively renovated by the current owners, this remarkable property has been transformed into a luxurious and stylish home, beautifully presented throughout with high-quality fixtures and fittings whilst retaining a wonderful selection of original character features, including exposed Manx stonework and beams.
Offered for sale with no onward chain, this is a rare opportunity to acquire a distinctive village residence with genuine individuality.
A welcoming entrance hallway immediately sets the tone, featuring an impressive staircase and an exposed Manx stone wall which provides a striking connection to the building's heritage.
The accommodation then opens into the spectacular open-plan living, dining and kitchen space, which forms the true heart of the home.
With its vaulted ceiling, exposed beams and beautifully appointed contemporary kitchen with central island, this exceptional room combines a wonderful sense of volume with a warm and inviting atmosphere.
There is a glazed door that provides a seamless connection to the attractive south-facing patio, where the tranquil outlook across the river and surrounding greenery creates an idyllic setting for alfresco dining, entertaining or simply enjoying the peaceful surroundings.
The combination of the stylish interior, vaulted architecture and riverside outlook makes this a particularly impressive living and entertaining space.
The kitchen provides access to a beautifully matched utility room, while a feature study offers an inspiring space for home working or creative pursuits.
The study is finished with stylish tiled flooring and benefits from roof lights, providing excellent natural illumination.
A family room, which could also serve as an occasional third bedroom, is located on the ground floor alongside a stunning contemporary family bathroom.
This luxurious bathroom features high-quality modern fittings, including a distinctive Japanese-style circular bath, creating a wonderfully relaxing retreat.
The first floor provides two generous double bedrooms, with the principal bedroom enjoying its own luxurious en-suite shower room.
The upper-floor accommodation provides an excellent degree of privacy whilst retaining the contemporary quality and attention to detail evident throughout the home.
Modern technology and fittings have been thoughtfully incorporated into the renovation, including stylish black aluminium-framed windows, an air source heat pump and contemporary kitchen and bathroom installations.
These modern enhancements sit beautifully alongside the exposed stonework and beams, creating a sophisticated balance between historic character and contemporary comfort.
Situated in the heart of Laxey, the property is within easy reach of the village's excellent range of amenities, including local shops, restaurants and bars, the primary school and the beach.
The Workshop combines an enviable village lifestyle with a wonderfully peaceful riverside setting and exceptional contemporary accommodation.
Unique, beautifully presented and finished to an impressive standard, The Workshop is a home of genuine character and distinction.
Its south-facing riverside patio, dramatic vaulted living space, exposed Manx stonework, luxurious bathrooms and superb village setting combine to create an exceptionally appealing home that is quite unlike anything else.
Inclusions All fitted floor coverings and light fittings Appliances Oven and 4 ring hob Tenure Freehold Rates Treasury tel Heating Air source heat pump and underfloor heating to the ground floor Windows Aluminium double glazing and electric skylights in the living space
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
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FAQ
About The Workshop, Victoria Terrace, Laxey
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