25 July 2026
PO Box 986 Douglas Isle of Man IM99 2TB
Isle of Man News Politics

Royal Park Homes Bought for £1

Details of land and building acquisitions by government departments since 2021 have been published following a Tynwald question from Onchan MHK Julie Edge.

A series of £1 “commuted sum” transfers in Ramsey appear on the list, covering several properties at Royal Park acquired by the Department of Infrastructure in 2024.

Ms Edge asked Treasury Minister Chris Thomas to list all purchases made by each department, including location and cost.

Mr Thomas said Treasury maintains a central asset register but confirmed that individual departments typically carry out acquisitions.

To provide a full response, Treasury contacted all departments to verify records.

The published list includes several notable purchases:

DepartmentPropertyLocationCostYear
TreasuryIOMA House, 34 Hope StreetDouglas£2.1m2025
TreasuryApproximately 15 acres of land at BallatersonPeelNot stated2025
DOI12 Kennaugh Close, Reayrt MieBallasalla£1.1m2025
DOI107–112 Royal ParkRamsey£1 each2024 (commuted sums)
DOI108 & 109 Royal ParkBallasalla£150,0002024 (pre‑emption buyback under SEPA)
DHSC17 Queens ValleyRamsey£545,0002021

Mr Thomas noted that the figures exclude interdepartmental transfers and may not capture all First Time Buyer or commuted‑sum transfers.

The written answer can be found here.

Charlie Morrey is a Broadcast & Multi Media Journalist for Manx.News and also is a Presenter on Energy FM. Charlie has previously written for Isle of Man Newspapers, magazines and also started her broadcasting career with Manx Radio.

Leave a Reply