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See how verdicts workStudio flat · DD10 8BG
For saleReduced £3k (−3.1%) on 17 OctListed 12 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Due to owners changing circumstances & renters moving on, now is a perfect time for this excellent period flat to find its new life, with a bit of something for everyone.
Home report Valuation- £100,000 Presented very much in move in condition with only a personal touch required.
Enjoy this location off of the Montrose High Street which is experiencing a well thought out progressive renaissance. Highly private flat with no rear neighbours looking in.
Balmain Street has instant kerb appeal with a large number of recently renovated properties on the street and surrounding area.
Based on Home report value & recent rental income, investors would enjoy an easily achievable 8.5% Gross Income with rent increase potential.
With an EPC of B, this is an economical yet classy living solution in a great location, ready for you with low running costs for smart buyers.
Highlights; Internally Quality Bright & Airy Modernised first floor flat Immaculately maintained stair shared with only 2 other flats High Ceilings with period cornices New Hard Flooring Throughout Spacious refurbished Bathroom Quality & Genuinely Functional Kitchen Dining Space Freshly Painted Throughout New Light Fittings & Switches Externally Communal Sunny Fenced Back Green Drying Area Paved Courtyards, Sunny Sitting Area Outbuilding with the potential to be restored On Street Parking Benefits from both an external securable shelved cupboard space and added bonus of a basement storage cellar
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.
Short-let licence or registration needed
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
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FAQ
About 23A, Balmain Street, Montrose
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