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110 Castlemona Avenue, Douglas

PROPERTY TYPE

House of Multiple Occupation

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Prime central location
  • Fully licensed HMO
  • Strong investment returns
  • Fully tenanted achieving £44,200 per annum

Description

Set in the very heart of Douglas, this fully licensed eight bedroom HMO with owners' accommodation boasts an unbeatable location just a short walk from the Central Promenade, the town centre, and a wide range of local amenities. Its prime position makes it a rare and exceptional opportunity for investors seeking strong returns and long term growth.The property is fully compliant with HMO regulations and currently produces an impressive annual income of £44,200, delivering a gross yield of 8.92%. All rooms are fully tenanted, ensuring immediate cash flow. With the current owners selling due to retirement, this is a unique chance to acquire a well-established and well-maintained investment property.Accommodation is arranged over four floors, including owners' quarters on the lower ground level with two ensuite bedrooms, a kitchen, lounge, and utility space. The upper floors feature a combination of ensuite and shared bathroom bedrooms, along with communal kitchens and utility areas. The roof was replaced seven years ago, and the property benefits from oil heating and a small yard accessed from the lower ground floor. Tenants are on weekly leases, with rents ranging from £90 per week for single rooms, £95 for doubles with shared bathrooms, and £120 for ensuite rooms.This is a rare opportunity to secure a high-yielding, centrally located investment property in Douglas. With strong rental demand and potential for further improvement, 110 Castlemona Avenue offers both immediate income and excellent prospects for future growth.

Brochures

Property BrochureFull Details
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

110 Castlemona Avenue, Douglas

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About Chrystals, Isle of Man

31 Victoria Street, Douglas Isle of Man IM1 2SE

Chrystals - a name that has meant "Property" on the Isle of Man for over 165 years - founded in 1854 and owned and run for generations by Chartered Surveyors - we are proud of our heritage and excited about our future.

With 2 prominent high street offices, a top performing website and social media presence, www.chrystals.co.im is the place to find, sell and rent all types of Isle of Man property.

We are a firm who innovates and evolves whilst always maintaining core values of personal service, professionalism and integrity - trust our friendly experienced team with all your property requirements.

We are Isle of Man Registered Estate Agents, Regulated by the RICS and are RICS Registered Valuers.

Your mortgage

Per year
Lenders usually expect a 10% deposit
%
Choose between 2 and 40 years
Years
Current average is 4.5%
%
Monthly repayments
£2,258
We think you can borrow up to
Add your household income above
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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Disclaimer - Property reference 12795939. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Chrystals, Isle of Man. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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