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St. Pauls Square, Isle Of Man, 1 IM8 - Image 1
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St. Pauls Square, Isle Of Man, 1 IM8

South West

£65,000
Listed on 27/04/2026

Property Details

Bedrooms
1
Type
Flat
Area
301 sqft

Description

This first-floor studio apartment in Ramsey presents a practical layout and significant renovation potential, making it an appealing option for first-time buyers or investors. The open-plan living and kitchen area features a designated bedroom space and an ensuite shower room. While the apartment offers functional living space, it requires modern updates to meet contemporary standards, providing an opportunity for personalization and enhancement of the interior. Situated centrally, amenities such as local shops, the harbour, and the beach are easily accessible on foot. The property is leasehold with communal heating and building management services. Fixtures like integrated appliances, floor coverings, and window treatments are included, but prospective owners may want to invest in improvements for greater comfort and style.

Investment Analysis

(SN16 area)

Below Market Value

This property is priced -44.5% below area average per sq ft

-44.5%
Potential saving
This Property
£216/sq ft
Area Average
£389/sq ft
Avg Rent (weekly)
£296
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£128,715
10% above area average per sq ft
Potential ROI
+51.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (SN16)

Area prices are falling by -5.8% over the last 12 months
3 year growth: -3.3%
5 year growth: -1.6%
Investment Disclaimer: Analysis based on SN16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

St. Pauls Square, Isle Of Man, 1 IM8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£230
Based on a loan of £48,750 over 30 years at 3.91% interest

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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