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See how verdicts work2-bedroom flat · DD5 4EA
Listing removedListed 370 days
Opportunity summary
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About
Thorntons are pleased to offer the market a new build apartment building consisting of six high-quality two-bedroom apartments with designated private car parking.
Situated on the site of the former Monifieth Church and church hall the apartments are ideally located for easy access to many local amenities.
Monifieth town centre is a short walk from the site, the centre provides a wide range of shops and facilities including a supermarket, bank, doctor's surgery, and library.
It is on the main commuter bus route and is located a short walking distance from Monifieth rail station.
The apartments have generous internal dimensions and shall be heated by gas-fired central heating which is backed up with high standards of modern insulation and double glazing.
Each apartment shall have integrated kitchen appliances a hob, oven and extractor, fridge/freezer, and washing machine.
The bathroom and ensuite shall have tiling within the wet areas and heated towel rails.
All apartments will have an allocated private car parking space, and there shall be a secure door entry system into the building.
The Angus Town of Monifieth is on the Eastern outskirts of the City of Dundee and is situated between the A930 Dundee down to the Carnoustie coastal road, approximately six miles from Dundee City Centre.
The town sits on the Northern shores of the Firth of Tay, towards the mouth of the river, and is near a well-known beach popular for walking, dog walking and leisure activities.
The town is a much sought-after place to live due to the range of amenities within the High street and having a straightforward road or rail links to the surrounding towns and cities.
Schooling at primary and secondary levels is catered for and schools are within a reasonably short distance from the site.
There are varied shopping and commercial facilities in Monifieth, and more comprehensive facilities are available within Dundee, a relatively short distance away.
Dundee is well connected to all parts of the UK and further afield using the road, rail, air, and sea and is linked to North Fife using the Tay road and rail bridges.
Monifieth is situated only four miles to the West of Carnoustie, a popular golf destination that occasionally hosts the Open Championship.
PART EXCHANGE CONSIDERED FACTOR FEES – APPROX £70.00 PCM COUNCIL TAX – TBC RESERVATION FEES - £500 INITIAL THEN £1,500 AT CONCLUSION OF MISSIVES “FREEHOLD" These interior images are AI-generated for illustrative purposes only and may not reflect the actual layout, condition, or finishes of the property.
Please view in person to verify details.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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Area
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FAQ
About Panmure Street, Monifieth, DD5
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