Hi - Andreas is the parish, and Ballakinnag the name of the farm within that parish.
Manx Place-names, by J J Kneen, for the Parish of Kirk Andreas are on Frances's website 'Manx Notebook', at:
www.isle-of-man.com/manxnotebook/fulltext/pn1925/as.htm
You will find a description of Andreas and other parishes here:
www.isle-of-man.com/manxnotebook/parishes/index.htm
There is a search page and numerous links which explain landowners, etc. here:
www.isle-of-man.com/manxnotebook/
I'll be interested to see whether you find mention of Richard in the LDS wills.
Sue