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 semi-detached house · IM3 2DA
Under offerListed 264 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Accommodation Ground Floor uPVC door with a frosted uPVC double glazed panel to one side providing access into: Entrance Hallway (approx. 12'7 x 6'4) Stairway access to the first floor.
Under stairs storage cupboard. Open Plan Lounge/Diner Living Area (approx. 12'7 x 10'10) Floor to ceiling uPVC double glazed window overlooking the front aspect. Dining Area (approx.
9'2 x 7'11) Floor to ceiling uPVC double glazed window overlooking the rear garden. Storage cupboard. Serving hatch through to the kitchen. Kitchen (approx.
9'3 x 9'2) Fitted with a range of base, wall and drawer units. Work surfaces incorporate a stainless steel one and a half bowl sink with a mixer tap over and drainer. Tiled splashbacks.
Neff electric oven/grill with a Belling four ring halogen induction hob and extractor hood above. Space for a washing machine.
uPVC double glazed door with a window alongside, providing access out to the rear garden. Cupboard providing space for a freestanding fridge/freezer. First Floor Landing (approx.
6'4 x 5'7) Loft access with a drop-down ladder. Frosted uPVC double glazed window. Bedroom 1 (approx. 11'6 x 10'10) Fitted with a range of wardrobes, cupboards and drawers.
uPVC double glazed window overlooking the front aspect. Bedroom 2 (approx. 10'10 x 10'3) Built-in wardrobe along one wall. Cupboard housing the Vaillant wall mounted gas fired central heating boiler.
Bedroom 3 (approx. 9'4 max x 6'4) Built-in cupboards. uPVC double glazed window overlooking the front aspect. Family Bathroom (approx.
6'10 x 6'4) Fitted with a three piece suite comprising of a panel bath tub with a shower attachment over and splash screen, pedestal wash hand basin and W.C. Frosted uPVC double glazed window.
Chrome heated towel rail. Fully tiled walls. Outside To the front of the property there is a lawned garden area with a flowerbed to one side and footpath leading to the front door.
Driveway providing off road parking for one vehicle and access to the garage.
To the rear of the property there is a large mainly laid to lawn garden with a good size patio area, flowerbeds, a footpath leading to the rear access lane and fenced boundaries, one side of which has been recently fitted.
Single Garage (approx. 16'3 x 8'3) Fitted with a sectional up and over garage door. Newly fitted door with a window to one side providing access out to the rear garden. Power and light connected.
Access to the large storage space located under the entire property. Water tap. Access to: Cellar Accessed from the single garage is a large cellar which is the same footprint as the ground floor.
Ideal for storage and access to the underfloor. Limited head height. Services All main services are connected. Gas fired central heating. uPVC double glazed throughout.
Directions Travelling from the Grandstand along Glencrutchery Road in the direction of Onchan, continue onto Governors Road and proceed straight on at the roundabout by Corkill's Garage.
Continue onto Whitebridge Road and turn right, into Lakeside Gardens.
Take the first right hand turning into Derwent Drive and follow the road for a short distance where number fifty six can be found on the right hand side.
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 56 Derwent Drive, Lakeside Gardens, Onchan, IM3 2DA
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