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5, Bank Street, Castletown, Isle of Man.

For Sale Terraced

5, Bank Street, Castletown, Isle of Man.

Castletown

Asking Price

£350,000
5 2 1

About This Property

Situated in the very heart of Castlestone, just a stone’s throw from the bustling town square and picturesque harbour, 5 Banks Street presents a rare and exciting opportunity for redevelopment in a highly sought-after location. This substantial property, measuring just under 2,000 sq ft, offers immense potential for those seeking either a spacious residential home or a mixed-use building with commercial space on the ground floor.

Currently arranged as a six-bedroom, two-bathroom residence, the property retains many of its original features and layout, but would benefit from modernisation throughout. With generously proportioned rooms across multiple levels, the scope for redesign is vast—whether that be creating a large family home, splitting into flats (subject to the necessary consents), or restoring a shop front and premises on the ground floor to serve the thriving local community.

To the rear, there is a small enclosed yard, ideal for storage or private outdoor space, which is further enhanced by its own separate access via a rear lane. This practical addition adds to the appeal for both residential and commercial uses.

With its central location and versatile layout, 5 Banks Street offers the ideal canvas for a range of development projects. Whether you're an investor, developer, or someone looking to create a bespoke home close to all amenities, this property is bursting with potential and must be viewed to fully appreciate what’s on offer

Key Features

Type

Terraced

Bedrooms

5

Bathrooms

2

Property Features

  • Conveniently located in the heart of castletown close to town square & harbour
  • Spacious property providing ample room for redevelopment/reconfiguration
  • Currently configured as a 6 bedroom, 2 bathroom house
  • Potential to reinstate commercial use on the ground floor, subject to PP
  • Enclosed rear yard with separate lane access
  • Rare opportunity to create bespoke property in thriving location
  • Freehold
Floorplan

5, Bank Street, Castletown, Isle of Man.

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Listed by

DeanWood

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Mortgage Calculator

Deposit
£
20%
Interest Rate
%
Mortgage Term
years

Estimated monthly payment

£1,419

Latest rates

HSBC Channel Islands and Isle of Man

2 year fixed

4.79%

Santander International

5 year fixed

5.09%

Barclays Isle of Man

2 year fixed

5.26%

NatWest International

2 year fixed

5.39%

Conister Bank

5 year fixed

7.07%
Compare all mortgage rates

This is an estimate for illustration only and does not constitute financial advice. Subject to lender criteria.

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