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See how verdicts work2-bedroom flat · IM8 3AW
Sold STCListed 397 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Hallway (Approx 14'9 x 3'8) Wide hallway with entry intercom system, electric mains board, ceiling light and carpeted flooring.
Lounge (Approx 19'5 x 15'4) Large welcoming lounge with a dual aspect view of Ramsey Harbour and out to Bride through four uPVC double glazed windows.
Spacious room with an archway providing direct access to the kitchen, finished with ceiling lights and carpeted flooring throughout.
Kitchen/Diner (Approx 17'3 x 14'3) A bright spacious kitchen/diner with wall and floor mounted cupboards to your left when entering from the hallway.
There is an integrated Indesit electric oven and a four-ring electric hob with extractor fan above.
The stainless-steel sink with drainer is near to the uPVC double glazed paned door which accesses the open balcony.
There is space under the counter for a standalone washing machine and space by the door from the hallway for a standalone fridge/freezer.
Natural light floods into the kitchen with a uPVC double glazed window in the kitchen area and the windows in the lounge.
The views from the kitchen window and door are across Ramsey Bay with the stone pier and Queens Pier in the distance.
The kitchen/diner is finished with two ceiling lights and linoleum flooring throughout.
Balcony (Approx 8'3 x 6'8) Fantastic outside space with railings to three sides, views across Ramsey bay and out to Bride. The balcony is finished with tiled flooring.
Bedroom 1 (Approx 15'6 x 15'4) Large double bedroom with two large uPVC double glazed windows providing views of the inner harbour of Ramsey and Snaefell in the distance.
The bedroom is finished with a ceiling light and carpeted flooring. En-Suite Bathroom (Approx 6'3 x 4'5) Well-proportioned bathroom with a uPVC double glazed frosted window located behind the door.
There is a cream coloured 3-piece suite comprising of a toilet, pedestal sink with tiled splash back and a wall mounted mirrored cupboard above for storage.
The square shower cubicle has tiled walls throughout, a Mira electric shower and bi-fold sliding doors. The bathroom is finished with a ceiling light, extractor fan and linoleum flooring.
Bedroom 2 (Approx 15'6 x 10'6) Further good-sized double bedroom with a uPVC double glazed window providing views of the inner harbour of Ramsey and Snaefell in the distance.
Positioned next to the window is a built-in double wardrobe, the gas boiler is wall mounted within the wardrobe. The bedroom is finished with a ceiling light and carpeted flooring.
Bathroom (Approx 6'9 x 6'3) Spacious bathroom with a cream coloured three-piece suite comprising of a toilet, pedestal sink and a wall mounted cupboard above with mirrored doors for storage.
The bath is positioned next to the toilet, above the bath is a large wall mounted mirror. The bathroom is finished with an extractor fan, ceiling light and linoleum flooring.
Store room (Approx 9'10 x 4'8) Large store room with lighting is located in the basement of the apartment block which can be locked and offers plenty of additional storage space.
Services All main services are connected. Gas fired central heating. Fibre internet is installed in the building Tenure Leasehold with a share of the freehold.
Management Company Waterfront Management Limited with the fee currently £1,500.00 per annum for the period 12th May 2025 - 11th May 2026.
Rates 2025 - 2026 £2,040.18 Directions From Parliament Square drive North along Bowring Road, through the two roundabouts and take the next turning on the right onto North Shore Road.
Continue until the stop sign at the promenade, the apartment building is located on the right hand side at the junction. The front door of the building is located on the Mooragh Promenade.
Offers All offers and negotiations through the offices of Cowley Groves & Co. Ltd. Possession Vacant possession will be given on completion by arrangement.
Viewing Strictly by appointment through the Agents, Cowley Groves & Co. Ltd. 9 Parliament Street, Ramsey, IM8 1AS.
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 5, The Waterfront, Mooragh Promenade, Ramsey, IM8 3AW
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