Summary - 42, FERRY STREET, MONTROSE DD10 8BZ
1 bed 1 bath Flat
Ready-made rental income near town centre.
Tenant in situ paying £525 PCM (£6,300 pa)
Freehold one-bedroom flat with modern open-plan lounge/kitchen
Sold at auction; buyer’s premium 3.6% (min £3,600) applies
Described as well maintained but external/damp issues noted
Electric heating; double glazing present
Shared rear garden; on-street parking only
Area classed as very deprived — impacts tenant profile and growth
Offered as part of a five-property portfolio
This one-bedroom self-contained flat in central Montrose is presented as a practical, ready-made rental investment. The accommodation includes a modern open-plan kitchen/lounge, double bedroom, shower room and utility space. It benefits from double glazing, electric heating and a shared rear garden; on-street parking serves the building. The property is freehold and currently let, producing £525 PCM (£6,300 pa).
Offered for sale at auction as part of a five-property portfolio, the lot suits an investor seeking immediate rental income. At the advertised market range the income equates to an attractive gross yield (circa 12% at the top guide). The central coastal location places shops, cafés, the train station and the Montrose Basin within easy walking distance, supporting lettability.
There are important practical points to note. The area scores as very deprived which can affect tenant mix and long-term capital growth. External descriptions and some notes reference dated elements and possible damp, so the building may need targeted decorative or remedial work. Heating is electric which can deter some tenants and affect running costs. The purchase will be via auction and a buyer’s premium (3.6% subject to minimum £3,600 inclusive VAT) will apply; the property is sold with a tenant in situ, so vacant possession is not available.
This is a straightforward buy-to-let opportunity for a buyer comfortable purchasing at auction and managing a tenancy and any minor remedial work. It suits investors seeking immediate income from a centrally located Montrose flat within a multi-property portfolio.
2 bedroom apartment for sale in 27 Union Street, Montrose, DD10 8PZ, DD10 — £65,000 • 2 bed • 1 bath
3 bedroom flat for sale in 6 Ramsay Street, Montrose, DD10 8BS, DD10 — £110,000 • 3 bed • 1 bath
1 bedroom maisonette for sale in 18 India Lane, Montrose, Angus, DD10 — £50,000 • 1 bed • 1 bath • 338 ft²
1 bedroom flat for sale in 40 Union Street, Montrose, DD10 8PY, DD10 — £40,000 • 1 bed • 1 bath
2 bedroom flat for sale in 92C High Street, Montrose, Angus, DD10 8JE, DD10 — £25,000 • 2 bed • 1 bath
2 bedroom flat for sale in 15, High Street, Flat 3 (2FF and Garden), Montrose, Angus, DD108LU, DD10 — £70,000 • 2 bed • 1 bath • 925 ft²
