2-bedroom flat · IM8 1EU
Under offerListed 94 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well-presented purpose-built first floor apartment enjoys superb open aspects towards Albert Tower and the mountains beyond, offering a wonderful outlook from its bright and spacious accommodation.
Ideally situated adjacent to Queens Promenade, the property is within a short, level walk of Ramsey town centre, local shops and amenities, while beautiful coastal and beach walks are quite literally on the doorstep.
The apartment offers light and airy accommodation throughout and would make an ideal purchase for a first-time buyer, investor or those seeking a low-maintenance home in a highly convenient location.
A particular feature is the generous living/dining room, enhanced by a large bay window that floods the space with natural light and takes full advantage of the impressive open views.
The contemporary open-plan kitchen is fitted with a breakfast bar, creating a sociable and practical space for everyday living and entertaining.
There are two well-proportioned bedrooms together with a luxury shower room finished to a high standard. Further benefits include an allocated underground parking space (No.
5), providing secure and convenient parking. Combining spacious accommodation, attractive views and a prime location, this apartment represents an excellent opportunity in the heart of Ramsey.
Inclusions All fitted floor coverings, blinds, and light fittings Appliances Oven and 4 ring induction hob and dishwasher Tenure Leasehold - held on the remainder of a 999 year lease with a management company in place which has set the current management fees at approximately £1919.14 per annum Rates Treasury tel - Heating Gas Windows uPVC double glazing
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
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FAQ
About Apartment 5, Queens Pier Apartments, Ramsey
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