2-bedroom bungalow · IM3 2HA
Listing removedListed 167 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within the peaceful setting of Groudle, Onchan, this well presented true bungalow occupies a generous corner plot.
Positioned within easy reach of Douglas and Onchan village, while also benefiting from some of the Island’s most scenic coastal and countryside surroundings.
Nearby Groudle Glen, coastal walks and the beach provide an exceptional lifestyle setting. The property itself has been updated and is presented in move-in ready condition throughout.
A welcoming living room with a bay window creates a bright and comfortable reception space, while the newly fitted kitchen has been finished in a contemporary style with a practical layout and adjoining utility room adding further functionality.
There are two generous double bedrooms, both well-proportioned and complemented by a modern bathroom.
A key feature of the property is the substantial corner plot, which offers excellent outdoor space as well as future potential.
Subject to the relevant planning consents, there may be scope to extend the existing accommodation or create a garden room/home office, allowing flexibility for changing needs over time.
Externally, the bungalow benefits from two dedicated parking spaces, a detached garage and surrounding gardens which enhance both privacy and practicality.
Inclusions All fitted floor coverings, blinds, curtains, light fittings and wardrobes Appliances Double oven and electric 4 ring hob, fridge/freezer and dishwasher - all Neff appliances Tenure Freehold Rates Treasury tel and Onchan Commissioners tel Heating Oil Windows uPVC double glazing
Value & comps
No previous sales on record.
Returns
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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, Scott Close, Onchan
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