Top-floor one-bed with immediate rental income — investor sale, EPC G, refurbishment likely.
Tenant in situ paying £400 pcm (£4,800 pa) - INVESTORS ONLY
This top-floor one-bedroom flat sits above High Street commercial units in central Montrose and is offered for investors only with a tenant in situ paying £400 pcm (currently generating £4,800 per year). The property is the south-west most top-floor flat in a three-storey mid-terraced tenement and extends to about 48 m2 (516 sq ft). Tenure is freehold.
The accommodation is compact and dated: a small galley kitchen, basic bathroom and living spaces showing wear. The EPC is G, indicating poor energy performance and likely need for insulation and heating upgrades. These are material considerations for future lettings or resale.
Positioned on the High Street, the flat benefits from town-centre convenience with extensive local amenities, good mobile signal and fast broadband — useful for renters. However, the wider area is classified as very deprived with hampered aspiration and constrained renters, which can affect rental demand and long-term capital growth.
This is a clear hands-off income purchase with a live tenant and immediate cashflow, suitable for an investor prepared to accept the location and carry out energy and cosmetic improvement work over time.