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See how verdicts work2-bedroom flat · IM9 6LH
No longer listedReduced £16k (−4.8%) on 25 JunListed 207 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Superb second floor seafront apartment with stunning views over Port Erin Bay and towards Bradda Head.
Accommodation comprises large entrance hallway, generous lounge/dining, sundeck, kitchen, 2 bedrooms and 2 en-suites. There is a secure parking space in basement. No onward chain.
Location Travelling through Port Erin on Station Road, bear right onto The Promenade. Proceed ahead and Princess Towers can be found along on the right hand side. Communal Entrance Intercom.
Individual apartment post boxes. Communal Hallway Stairs and lift to all floors. Apartment Entrance Hallway Large hallway with built-in store cupboards. Intercom.
Kitchen (10' 5'' x 13' 3'' (3.17m x 4.04m)) Good range of white fronted wall and base units with contrasting worktops, electric hob and oven, sink unit, freestanding fridge/freezer, washing machine, dishwasher.
Open hatch to lounge/dining. Lounge/Dining (19' 0'' x 21' 3'' (5.79m x 6.47m)) Large impressive room with fabulous outlook. Stunning views over Port Erin Bay and towards Bradda Head.
Built-in cupboard housing hot water tank. Glass doors to: Sundeck (6' 0'' x 5' 6'' (1.83m x 1.68m)) Panoramic views over the bay, harbour and towards Bradda Head.
Bedroom 1 (11' 4'' x 12' 7'' (3.45m x 3.83m)) Double bedroom with built-in wardrobes. Side aspect.
En-Suite Bathroom Well fitted suite comprising panelled bath with shower over, w.c., wash hand basin, tiled walls. Bedroom 2 (10' 6'' x 9' 3'' (3.20m x 2.82m)) Built-in wardrobe. Side aspect.
En-Suite Shower Room Shower cubicle, w.c., wash hand basin, fully tiled walls. Outside 1 Secure parking space in basement. Services Mains water, drainage and electricity. Electric central heating.
Possession Leasehold. Remainder of 999 year lease (set up in the year 2000) Management Company in place with annual fees of approx. £2000.
Windows are the responsibility of individual apartment owners. Vacant possession on completion. No onward chain.
The company do not hold themselves responsible for any expenses which may be incurred in visiting the same should it prove unsuitable or have been let, sold or withdrawn.
Disclaimer - Notice is hereby given that these particulars, although believed to be correct do not form part of an offer or a contract.
Neither the Vendor nor Chrystals, nor any person in their employment, makes or has the authority to make any representation or warranty in relation to the property.
The Agents whilst endeavouring to ensure complete accuracy, cannot accept liability for any error or errors in the particulars stated, and a prospective purchaser should rely upon his or her own enquiries and inspection.
All Statements contained in these particulars as to this property are made without responsibility on the part of Chrystals or the vendors or lessors.
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
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FAQ
About 3D Princess Towers, The Promenade, 3D Princess Towers, The Promenade, Port Erin
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