117 Malew Street represents a distinctive and exciting investment opportunity in the heart of Castletown, the island’s historic capital. Perfectly positioned within walking distance of the charming harbour, bustling market square, local shops, cafés, restaurants, the beach, and the railway station, this property enjoys a truly enviable location. Everyday conveniences are close at hand, while leisure and recreation are never far away, with the local swimming pool and Castletown Golf Links easily accessible. The airport and neighbouring southern villages are also within a short drive, ensuring excellent connectivity for work or leisure.
The property itself carries a fascinating history, with the original cottage reputed to be the oldest on Malew Street. Although some modernisation is required, it offers exceptional scope for enhancement. A previously granted (now lapsed) planning consent once permitted the conversion of the existing two flats into a single residence — a rare opportunity for a buyer to reimagine the space to their own taste and lifestyle.
Currently arranged as two self-contained flats, the accommodation provides flexibility for a variety of uses. Flat 1, which fronts onto Malew Street, comprises a well-proportioned studio layout with a combined living and bedroom area, a fitted kitchen, and a bathroom. Flat 2, known as the “garden flat”, is arranged over two levels and features a dining kitchen, comfortable lounge opening onto a generous rear garden, a bedroom, and a shower room. This adaptable configuration makes the property ideal for multi-generational living, owner-occupation with rental income, or as a complete redevelopment project with excellent long-term potential
