1-bedroom flat · IM3 1HB
Listing removedListed 154 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Accommodation Ground Floor Communal Entrance Hallway Apartment 1 Private Entrance Hallway (approx. 17'0 x 2'6) Lounge (approx. 15'3 into Bay x 13'11) Kitchen (approx. 12'10 x 10'2) Bedroom (approx.
13'5 x 12'3) Bathroom (approx. 10'0 x 5'8) Tenure Leasehold. Remainder of a 999 year lease.
Management Company There is an active management company in place with the current charge set at £120.00PCM for the financial year 2026/27. Services All main services are connected.
Gas fired central heating provided by a Glow-worm boiler. UPVC double glazed throughout. Fibre broadband connected.
Directions Travelling along Douglas Promenade and onto King Edward Road in the direction of Onchan.
Turn left and continue past Port Jack onto Imperial Terrace and take a right hand turning onto Royal Avenue West where number seven can be found a short distance along on the left hand side, clearly identified by our For Sale board.
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 Apt. 1,7 Royal Avenue West, Onchan
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