2-bedroom flat · DD1 2HF
For saleListed 41 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Simple Approach are delighted to welcome to the market this spacious penthouse flat within the popular Magnum House, situated on Seagate in Dundee.
Although the property would benefit from some modernisation, it offers excellent potential and is ideally positioned within a sought-after central location, making it an appealing opportunity for a range of buyers.
The accommodation comprises a bright and spacious lounge with access to a small balcony, providing a lovely addition of outdoor space, a good-sized kitchen with adjoining dining area, two well-proportioned bedrooms and a bathroom.
The property further benefits from electric heating and double glazing.
Perfectly placed for easy access to Dundee city centre and the wide range of shops, restaurants, amenities and transport links on offer, this property would make an excellent investment opportunity or an ideal first-time purchase for those looking to enjoy city centre living.
Early viewing is highly recommended to appreciate the space, location and potential this property has to offer.
Lounge (5.57 x 3.56 (18'3" x 11'8")) Kitchen (2.59 x 2.52 (8'5" x 8'3")) Dining Area (2.63 x 2.30 (8'7" x 7'6")) Bedroom One (2.99 x 2.88 (9'9" x 9'5")) Bedroom Two (4.14 x 2.27 (13'6" x 7'5")) Bathroom (1.69 x 2.60 (5'6" x 8'6"))
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
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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 Penthouse, Flat 4, Magnum House, 138, Seagate, Dundee
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