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 work3-bedroom house · IM3 2DG
Listing removedListed 173 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Open House Saturday 16th May 1-3pm A generous three-bedroom end of terrace home (which offers the privacy and feel of a semi-detached home) situated in a popular and established residential location in Onchan, this property on Derwent Drive offers excellent family accommodation (has served as the owner?s family home for many decades) with great potential for expansion.
ACCOMMODATION : The ground floor comprises a bright and airy living room with a large front-facing window allowing for plenty of natural light that seamlessly flows into a good-sized dining room providing plentiful space for family gatherings and entertaining guests, along with a well-appointed kitchen to the rear offering ample storage and workspace.
The welcoming entrance porch adds practicality and additional space on arrival (currently serves as a very useful ?sun trap? for drying of laundry).
To the first floor, there are three well-proportioned bedrooms (two double bedrooms with fitted wardrobes, and one further double room/large box room which provides a comfortable space for guests, a home office, or a child's room), all benefiting from good natural light, alongside a family bathroom.
OUTSIDE: Externally, the property is set behind a neatly maintained front garden with mature hedging providing a pleasant and private outdoor space, while a driveway leads to an integral garage, offering valuable off-road parking and ample storage (for the accommodation of motorcycles, push bikes, golf clubs, gardening equipment, children?s toys etc) as well as an internal washing line ?
the front garden also has the potential to be converted to a second additional off-road parking space if desired.
The rear of the property provides further outdoor space ideal for family activities, gardening, relaxing or entertaining, comprising a long and exquisite garden which also has amazing potential for space expanding additions such as a conservatory on the rear of the property as well as for an additional Timber Garden Building (for a 4th bedroom, home office, bar, gym, games room, creative studio etc) at the end of the garden - which if both were added would still allow for a sizeable lawn.
Located in a quiet, safe, and family-friendly area, the property is within easy walking distance of local amenities (shops including a Tesco and Co-op, and two Public Houses) and, schools (within the catchment area for the islands leading schools), which benefit from easy access to 3 children?s play parks and the tranquil Curragh Kiondroghad Nature Reserve all within easy walking distance making it an ideal choice for first-time buyers, growing families, or those looking to settle in a sought-after part of Onchan.
The home also has investor appeal given it is located in a highly rentable area.
The property has exceptional transportation links: in additional to Douglas City being just a 5-minute drive away, there are connections serving DIRECT bus routes to Douglas (including the ferry terminal) and the South (including the airport) of the Island (all less than 1 minute walk), the North (Laxey, Ramsey etc) of the Island (4 minute walk), and the hospital (8 minute walk).
The property comes complete with gas central heating and uPVC double-glazing throughout, with recently installed loft insulation for increased energy efficiency.
Includes all fitted floor coverings, blinds, curtains and light fittings. Any furniture and white goods can be included in sale via negotiation if required. 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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers 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
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FAQ
About Derwent Drive, Onchan, Isle of Man, IM3
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