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St. Pauls Square, Isle Of Man, 1 IM8

South West

£65,000

Listed on 17/06/2026

Property Details

Bedrooms
1
Type
Flat
Area
301 sqft

Description

This first floor studio apartment in Ramsey presents a unique opportunity for those looking to invest or personalize their living space. The layout features an open-plan sitting area that merges seamlessly with the kitchen, alongside a dedicated bedroom space and an en suite shower room. While functional, the interiors would greatly benefit from modernization, offering new owners the chance to tailor the home according to their style and preferences. Its prime central location allows easy access to local amenities, including shops, the harbour, and beach, enhancing both lifestyle and rental appeal. Additionally, this leasehold property includes shared heating and building management services, making it a practical choice for first-time buyers or investors looking to enhance its value through refurbishment.

Investment Analysis

(SN16 area)

Below Market Value

This property is priced -44.1% below area average per sq ft

-44.1%
Potential saving
This Property
£216/sq ft
Area Average
£386/sq ft
Avg Rent (weekly)
£284
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£127,920
10% above area average per sq ft
Potential ROI
+50.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (SN16)

Area prices are falling by -2.7% over the last 12 months
3 year growth: +0.3%
5 year growth: -0.1%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£246
Based on a loan of £48,750 over 30 years at 4.45% 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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