2-bedroom flat · IM8 3AG
Sold STCListed 20 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tastefully refurbished 1st Floor Flat with original features Stunning seafront views across Ramsey Bay Spacious Lounge/Diner and Kitchen Two Double Bedrooms, one with En-suite and additional Shower Room Gas Central Heating No onward chain Black Grace Cowley are delighted to bring Flat 3, Carmodale in Ramsey to the market.
Ideally situated on Mooragh Promenade, the property enjoys a convenient location just a short walk from the town centre and a range of local amenities.
Occupying the first floor of this attractive Victorian building, the flat has been tastefully decorated and retains many of the original features.
Arranged over two levels, giving it more the feel of a house than a traditional flat. Bicycle storage racks are conveniently located on the landing beside the front door.
From the entrance door you step into a spacious hallway with doorway into the lounge/diner, a large panelled bay window gives uninterrupted sea views, with feature fireplace, original coving and stripped pine flooring this delightful room provides a sociable space to entertain friends and family.
To the left of the lounge is a modern galley kitchen, again with sea views, integrated appliances, breakfast bar and with stripped floors continues the vintage aesthetic vibe.
Off the hallway, is a generous double bedroom with built in storage. Stairs lead down to the next level with a shower room to the left and a large storage cupboard.
At the rear of the flat is a generous master bedroom with en-suite bathroom with bath, sink, WC and airing cupboard. uPVC windows. Gas central Heating. Active management company in place.
No onward change.
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 Mooragh Promenade, Ramsey, Isle Of Man
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