£649,000
Studio flat for sale
4 Clifton Terrace, Douglas
studio Flat Property description
An opportunity has arisen to acquire a freehold residential investment in the heart of Douglas, offering six self-contained apartments, all of which are currently tenanted. Perfectly located close to the city centre, shops, and local amenities, this property combines convenience with strong rental potential.At present, the investment generates an annual rental income of £49,980. Beyond the immediate income, there is considerable potential for future rental growth, providing an attractive gross yield that makes this property a compelling prospect for investors seeking reliable returns.The property has recently undergone significant improvements, including the installation of a new roof, refurbishment of the back annexe roof in 2024, and a freshly painted exterior and communal areas, Flats 2 and 3 fully refurbished in 2025, ensuring it is both well-maintained and visually appealing.
Tenure: Freehold
Tenure: Freehold
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First listed
Yesterday4 Clifton Terrace, Douglas
Marketed by
Chrystals Estate Agents - Douglas 31 Victoria Street Douglas, Isle of Man IM1 2SECall agent on 020 8022 1282
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Monthly repayment
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is 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.
4 Clifton Terrace, Douglas - Streetview
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