1-bedroom flat · IM2 4NX
Under offerListed 194 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This beautifully presented one-bedroom apartment is ideally situated at the rear of the sought-after Queens Apartments on Douglas Promenade, offering a peaceful setting while remaining just moments from the seafront.
ACCOMMODATION The property features a spacious entrance hall and a bright and contemporary open-plan living space, combining the lounge, dining, and kitchen areas to create a perfect space for both relaxing and entertaining.
The modern kitchen has quality fittings and ample workspace. Spacious double bedroom with built in mirrored wardrobes, modern bathroom and storage .
Additional benefits include a secure underground parking space, adding convenience and peace of mind.
An excellent opportunity to acquire a turnkey home in a prime location, this apartment is ideal for professionals, first-time buyers, or as a smart investment.
Tenure - Leasehold with active management company, charges are set at £1,497.28 per annum including ground rent. Rates - Approx. £903.00 per annum. THINKING OF SELLING?
We are professionally qualified estate agents and licensed members of the National Association of Estate Agents (NAEA).
We provide free of charge walk through valuations based on properties that have sold so the valuation is far more accurate and realistic in this buoyant market.
We will also advise and listen to your thoughts and plans.
Give us a call on or email us at DISCLAIMER Whilst Manxmove Ltd believe that these details are correct, neither Manxmove Ltd or their clients guarantee their accuracy in any way.
Consequently, these details are not to be used to form part of any legally binding contract.
Prospective purchasers or tenants are advised to visit this property to satisfy themselves as to the correctness of these details.
Please note, we use wide angle camera lenses in order to show as much of each room as possible.
This is not intended to mislead any prospective purchasers or tenants in any way and an honest verbal description is always available prior to viewing if required.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Palace Terrace, Douglas, Isle of Man, IM2
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