We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · IM8 3AG
Listing removedListed 47 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the third floor this spacious duplex apartment enjoys exceptional views and a fantastic location on Mooragh Promenade, within easy reach of Ramsey town centre providing a good selection of shops, cafés, restaurants and everyday amenities.
The property offers well-proportioned accommodation throughout, with a bright and welcoming open-plan lounge and dining area taking full advantage of the outlook.
A separate modern kitchen provides a practical space for everyday living. There are two large double bedrooms, with the principal bedroom benefiting from its own en-suite.
A newly fitted family shower room provides a further stylish and modern bathroom facility.
The apartment also benefits from a Hive heating system, providing convenient control of the heating, together with external storage.
The property is currently undergoing several updates and improvements being carried out by the active management company, further enhancing the building and its communal areas.
Inclusions All fitted floor coverings, curtains and light fittings Appliances Oven and 4 ring hob, and extractor fan 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 £1800.00 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
Agent & docs
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FAQ
About Flat 5, Carmodale, Ramsey
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