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 work1-bedroom flat · IM8 3AG
Listing removedReduced £10k (−11.8%) on 27 JunListed 620 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Hallway An L shaped hallway with a large double cupboard on your left for storage, the cupboard has a frosted window which looks out to the hallway landing.
At the far end of the hallway is a deep storage cupboard, in the ceiling space in front of the storage cupboard is an access hatch to the loft space.
The loft space does not have any power and is not boarded. The hallway is finished with a ceiling light and carpeted throughout.
Lounge A bright spacious lounge with wonderful views of Ramsey bay and across to Bride.
There are two uPVC double glazed windows and a fire surround with tiled hearth as a central feature for the room. The room is finished with a ceiling light and carpeted flooring throughout.
Kitchen A galley style kitchen which is located at the rear of the building with floor and wall mounted cupboards ahead of you when entering the room.
The cupboards have grey doors and a marble effect worktop. There is a 4-ring halogen hob with an extractor fan above, below the worktop is an integrated fan assisted electric oven.
There is also a standalone under the counter fridge. On your right when entering the kitchen are further cupboards and a stainless-steel sink with drainer.
Below the worktop is a new standalone Hotpoint washing machine. The kitchen is finished with a ceiling light and linoleum flooring throughout.
Bedroom A bright double bedroom with views of Ramsey bay and across to Bride. There is a uPVC double glazed window, ceiling light and the room is finished with carpeted flooring.
Bathroom A spacious bathroom with white three-piece suite comprising of a corner shower which is positioned behind the door.
The WC is in front of the uPVC double glazed window which has wonderful views across Ramsey to the Mountain and Mooragh park.
The sink with vanity unit is next to the WC with a wall mounted cupboard above with a mirrored door.
Services Mains water Gas Heating Broadband Management Company Fee Current Management Company fee of £100 Per Month. Rates Payable : 2025 - 2026 £607.71 Tenure Leasehold with a share of the Freehold.
At present the property is leasehold with the Management Company being Kentucky Property Management Company Limited. Leasehold The remainder of a 125 year lease which commenced in 1987.
Directions Travelling from Parliament Square, continue North along Bowring Road and just over the stone bridge turn right onto North Shore Road.
Continue along to the Mooragh Promenade and turn right at the junction. Follow the row of properties on your right, where Viking House will be the third property from the end.
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
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FAQ
About Flat 5,Viking House, Ramsey
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