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Union Street, Montrose, Angus, DD10

Scotland

£105,000
Listed on 30/06/2024

Property Details

Bedrooms
4
Type
Town House
Area
1195 sqft

Description

This distinctive townhouse apartment presents an exciting opportunity for renovation over three levels, making it ideal for those looking to invest in a property with significant potential. Situated in a sought-after residential neighborhood, it is conveniently close to various amenities, schools, and leisure facilities, appealing to families, first-time buyers, and buy-to-let investors alike. Upon entry, you'll be greeted by a striking stone and wrought iron spiral staircase that adds character and charm. The first floor features a spacious lounge and two double bedrooms characterized by high ceilings and large windows that fill the rooms with natural light. The kitchen requires modernisation; however, there is valuable scope to reconfigure it with the largest bedroom to create an expansive dining kitchen area. The top floor consists of two well-sized attic bedrooms along with a versatile box room perfect for use as an office. Additionally, the bathroom has ample space for upgrading but also needs modern touches. Externally, residents can enjoy a beautifully maintained shared garden which benefits from plenty of sunshine during the summer months and includes a drying area. The property also includes its own outhouse for additional storage solutions. This unique property is available immediately and represents an exceptional investment opportunity in a desirable location. Internal viewing is strongly encouraged.

Investment Analysis

(DD10 area)

Below Market Value

This property is priced -39.0% below area average per sq ft

-39.0%
Potential saving
This Property
£88/sq ft
Area Average
£144/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£189,419
10% above area average per sq ft
Potential ROI
+30.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
66%
Properties sold annually

Local Market Trend (DD10)

Area prices are falling by -7.3% over the last 12 months
3 year growth: -1.3%
5 year growth: -2.9%
Investment Disclaimer: Analysis based on DD10 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Union Street, Montrose, Angus, DD10
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£379
Based on a loan of £78,750 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Price History

-16.0% since listed
£105,000£10,000(-8.7%)
19/02/2025
Current price
£115,000£10,000(-8.0%)
14/09/2024
£125,000Initial listing
29/06/2024

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