3-bedroom flat · DD1 4NF
For saleReduced £35k (−7.2%) on 10 SepListed 88 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The former Tay Rope Works, with its striking sandstone facade, remains the centrepiece of a development that blends the building’s industrial heritage with a bold contemporary mix of classic style, glass, zinc and clean modern lines.
The setting is exceptional, with Magdalen Green on the doorstep and views towards the River Tay and rail bridge.
The West End’s restaurants, university campus and city centre are all within comfortable walking distance.
Ninewells Hospital is a short drive away, Dundee Airport is closer still, and the location is particularly convenient for those commuting to London.
The penthouse occupies the entire top floor, a rare distinction in any city and one that defines the sense of space and privacy throughout the home.
An apartment of this specification has not come to the Dundee market before.
A carpeted staircase rises to a private storage area before opening through the vestibule into one of the most impressive entrance halls found in any Dundee apartment.
Wide, bright and finished with solid oak doors throughout, it gives an immediate sense of the scale and quality of the accommodation.
Three excellent double bedrooms lead from the hallway, all well proportioned and generously fitted.
The principal bedroom is particularly impressive, with a partially open-plan walk-in dressing room fitted with shelving, hanging space and drawers.
Both bathrooms are finished to an exceptional standard, with freestanding baths, large walk-in showers, flush-mounted televisions and designer sanitary ware throughout.
The principal en-suite also features a ceiling-flush rainfall shower with brushed brass hardware and herringbone parquet flooring.
The living accommodation is arranged across two connected but distinct spaces.
The lounge is a calm, beautifully proportioned room with LED cornice lighting and French doors opening into the kitchen, dining and family room. The kitchen is where this home sets itself apart.
It features a fully bespoke installation finished in deep navy blue with brushed brass hardware, a large central island with mitred quartz waterfall edges, retractable extraction integrated into the island and Bosch appliances throughout.
Herringbone parquet flooring runs the full length of the room, complemented by warm, carefully considered feature lighting.
A separate utility room sits off the kitchen and is fully fitted with a washing machine, tumble dryer and sink.
A large covered terrace provides sheltered outdoor space with an open outlook across Magdalen Green.
Two private parking spaces are located to the rear and are accessed through a characterful pend finished with quality block paving.
Heating is provided by an air source heat pump, offering an efficient system with impressively low running costs throughout the year.
A CCTV system covers the entrance hallway and parking area, while a security alarm system is also installed. The Ropeworks was already completed to a high specification when built.
The current owner has taken that foundation further, investing in materials and finishes that place this among the most luxurious apartments ever brought to the Dundee market.
This is, quite simply, one of the finest homes of its kind the city has seen in recent years.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Flat 4, 51 Magdalen Yard Road, Dundee
Explore nearby