2-bedroom flat · DD5 4EA
Sold STCListed 175 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Thorntons are delighted to present Apartment 5, a beautifully finished two-bedroom residence within an exclusive development of just six apartments, complete with private allocated parking.
Positioned on the historic site of the former Monifieth Church, the development offers a unique blend of character and contemporary living.
Apartment 5 enjoys a convenient setting within easy walking distance of Monifieth town centre, where a wide range of amenities can be found, including shops, a supermarket, banking facilities, a doctor’s surgery, and a library.
Excellent transport links are readily available, with regular bus services nearby and Monifieth railway station just a short walk away.
The apartment offers well-proportioned internal accommodation, finished to a high standard throughout.
It benefits from gas central heating, modern insulation, and double glazing for comfort and efficiency.
The kitchen is fully fitted with integrated appliances, including hob, oven, extractor, fridge/freezer, and washing machine.
The bathroom and en-suite are stylishly finished with tiling to wet areas and heated towel rails. Further features include a secure entry system and a private, allocated parking space.
Monifieth, located on the eastern edge of Dundee, is a highly regarded coastal town set along the shores of the Firth of Tay.
Known for its beach and relaxed lifestyle, it offers an appealing balance of seaside living and excellent connectivity.
Dundee city centre is approximately six miles away, while the renowned golfing town of Carnoustie lies just four miles to the east.
FACTOR FEES – APPROX £70.00 PCM COUNCIL TAX – TBC RESERVATION FEES - £500 INITIAL THEN £1,500 AT CONCLUSION OF MISSIVES “FREEHOLD"
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.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Panmure Street, Monifieth, DD5
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