Mill Road, Laxey
Description
A rare opportunity to lease a well located warehouse set within the picturesque surroundings of Laxey Glen Mills, conveniently situated just a short distance from local amenities. The warehouse (...)
‹ Back to searchNot marked as sole agency on the original listing, so this property may also be marketed by other agents not captured in this data.
Nearby
- SchoolLaxey School0.65 mi · 14 min walk · 2 min drive
- GP surgeryLaxey Health Centre0.07 mi · 1 min walk · 0 min drive
- DentistLaxey Dental Surgery0.22 mi · 5 min walk · 1 min drive
- SupermarketTesco5.5 mi · 119 min walk · 18 min drive
- PubThe Bridge Inn0.08 mi · 2 min walk · 0 min drive
- RestaurantLaxey Glen Cafe0.08 mi · 2 min walk · 0 min drive
- CaféLaxey Station Cafe0.17 mi · 4 min walk · 1 min drive
- Petrol stationEVF0.11 mi · 2 min walk · 0 min drive
Nearest match in each category, from a fixed list of Isle of Man amenities — not every pub, café or shop on the island, so treat this as a useful sample, not a complete picture. Distances are straight-line ("as the crow flies"), multiplied by 1.3 to approximate real road-network distance — this is an estimate, not turn-by-turn routing, and actual walking/driving routes may differ. Times assume constant average speeds appropriate to the Isle of Man's roads and 25/35mph limits: walking 4.5 km/h, cycling 14 km/h, driving 30 km/h — not open-road speeds, and they don't account for traffic, parking or terrain.
What would improving it be worth?
Value added is the extra floor area priced at £2,651/m² — the midpoint asking price per m² among 28 Isle of Man properties currently for sale that publish a floor area. Cost uses real Isle of Man build rates: £4,000–£6,000/m² new build and £2,000–£4,000/m² refurbishment, depending on quality. Net is against the mid rate. The last column is how often Isle of Man actually grants that kind of application.
| Improvement | Value it might add | Likely cost | Net | Granted |
|---|---|---|---|---|
| Add a bedroom (single-storey extension) A modest double plus circulation, built new. ~14 m² |
£37,116 | £52,500 14 m² · mid spec new build range £42,000–£63,000 |
−£15,384 | 0% (314) |
| Loft conversion with a bedroom Works inside an existing roof, so it prices as refurbishment rather than new build — which is why it usually wins. ~20 m² |
£53,023 | £41,000 20 m² · mid spec refurb range £33,000–£50,000 |
+£12,023 | 0% (46) |
| Two-storey extension Roughly 14 m² on each of two floors. ~28 m² |
£74,232 | £105,000 28 m² · mid spec new build range £84,000–£126,000 |
−£30,768 | 0% (66) |
| Garage, annexe or outbuilding Detached space is worth less per m² than main-house floor area. ~18 m² |
£28,632 | £67,500 18 m² · mid spec new build range £54,000–£81,000 |
−£38,868 | 0% (199) |
Two things it cannot see. First, it prices floor area at the local average rate — it doesn't know your plot, your roof, your outlook, or whether an extension is physically possible; nor whether your street has a ceiling price that no amount of extending beats. Second, the rate comes from asking prices of other properties currently for sale, because the Isle of Man's sold register records no floor areas at all — so it reflects what sellers ask, not what buyers paid.
The obvious alternative method is worse, which is why it isn't used here: comparing a typical 3-bed with a typical 4-bed suggests a bedroom is worth around £430,000 island-wide. It isn't — a 4-bed is generally a bigger house on a bigger plot, so that figure measures the mix of what's for sale, not the value of adding a room.
Before spending anything, get a builder's quote and talk to an architect — what work of this kind actually gets approved here shows how often applications like yours succeed, and on what grounds the refusals go.
Building work on this property
Same estimate model this site uses on its planning pages (UK cost ranges with the Isle of Man's 18% uplift) — a rough starting point, not a quote. Always get quotes from an Isle of Man builder before budgeting.
See also all Isle of Man property professionals — architects, surveyors, mortgage brokers and trades.
Sale history
No prior sale found in the Isle of Man property register for this address.
Planning history
No planning application found in this site's planning dataset for this address.
Search the official register for anything since 2023
