The Real Cost of Buying a First Home in Monifieth
A first purchase at the £195,000 Monifieth average needs about £23,200 in cash, made up of £19,500 deposit, £400 LBTT with first time buyer relief, and roughly £3,300 in fees.
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to.
A first purchase at the £195,000 Monifieth average needs about £23,200 in cash, made up of £19,500 deposit, £400 LBTT with first time buyer relief, and roughly £3,300 in fees.
What a first Monifieth purchase costs in cash
On the local average the deposit is £19,500, LBTT is £400 and fees are near £3,300. Total cash needed is about £23,200.
First time buyer relief raises the LBTT nil rate band to £175,000, saving you £600 against the standard charge of £1,000 at this price. LBTT rates are set by the Scottish Government and collected by Revenue Scotland. Confirm the current position on revenue.scot before you complete.
Where the upfront cash goes
The commercial page for this town sets out the introduction itself: Mortgage advice in Monifieth.
What you can borrow against local incomes
Running costs from week one
Band D council tax in Angus is £1,599 a year, which is £133 a month. Add energy, water, insurance and maintenance.
Protection belongs in the same budget. If the mortgage depends on two incomes, it depends on both people staying well enough to earn. That is the part of the purchase we advise on directly.
In Scotland first time buyer relief raises the LBTT nil rate band to £175,000, worth up to £600. There is no upper price limit on the relief.
The Monifieth detail first buyers ask about
The schools families ask about here are Monifieth High School, Grange Primary School, Seaview Primary School, Roman Catholic (denominational) provision and Dundee and Angus College. Ratings age between inspections, so read the latest report before you rely on one.
On getting about: Monifieth to Dundee takes about ~8 min train / ~15 min drive.
By price, Monifieth ranks 3 of the 8 Angus locations we cover, at £195,000 against a county average of £190,000. Band D council tax here is £1,599, against £1,599 across the county.
What your money buys in Monifieth
Monifieth is a coastal commuter town just east of Dundee, a Blue-Flag beach, golf links and a fast rail commute; an affordable alternative to Broughty Ferry.
The full local guide covers schools, transport and the market in detail: Monifieth property and area guide.
| Budget | What it buys here |
|---|---|
| Around £85,000 to £140,000 | A flat or older terrace, the most accessible way into the town, popular with first-time buyers, downsizers and investors. |
| Around £140,000 to £270,000 | A terrace, a semi or a family home on the edges or the newer estates, the heart of the Monifieth market. |
| £270,000 and above | A premium seafront, golf-side or larger detached home, including towards Barnhill and the Broughty Ferry edge, the top of the local coastal market. |
- A coastal commuter town with a very fast rail link to Dundee (~8 min)
- A Blue-Flag beach and championship-qualifying golf links
- An affordable coastal alternative to neighbouring Broughty Ferry
- A simple Scottish council-tax bill, no police, fire or community precept
- Good schools and a settled, family community
- No A&E in the town, the nearest is Ninewells Hospital, Dundee (~7 miles, though genuinely close)
- It sits on the Dundee edge rather than in open countryside
- Homes near the beach and the links command a premium
- Scottish Water is a separate charge added to the same bill (~£652 at Band D)
- Some low-lying and coastal ground needs a flood check
Monifieth is known locally for The Monifieth golf links. The town's golf links, whose Medal Course has hosted Open Championship final qualifying, are part of the great Angus golf coast, a genuine draw for golfers, with Carnoustie next door.
Practical detail for Monifieth: the DD5 postcode district, yes, Monifieth station on the Dundee to Aberdeen main line (Dundee ~8 min); a genuine commuter asset and nearest A and E is Ninewells Hospital, Dundee, the area's full 24-hour A&E (~7 miles, genuinely close); no A&E in Monifieth.
Monifieth at a glance
| Upfront cost | Monifieth figure |
|---|---|
| Average price | £195,000 |
| Deposit at 10% | £19,500 |
| LBTT, first time buyer | £400 |
| LBTT, standard rate | £1,000 |
| Legal, survey and moving | £3,300 |
| Total cash needed | £23,200 |
| Monthly repayment illustration | £1,026 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Monifieth
Three details is all we need. You are told before anything is passed to a partner firm.
Your checklist
- Total cash of about £23,200, not just the deposit
- Your LBTT position confirmed on revenue.scot
- A first year running cost budget including £1,599 council tax
- Income protection quoted before completion, not after
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to.
Check broadband before you make an offer in Monifieth
Broadband speeds can vary street by street in Monifieth, so check the exact address before you commit. Ofcom's free checker shows which broadband speeds and mobile coverage are available at any UK property.
We can introduce you to a specialist who can combine your mobile, broadband and utilities into one bill. There's no fee for the introduction.
We don't provide these services ourselves. Switching household bills is not a regulated financial service, so FCA protections and the Financial Ombudsman do not apply. We'll only pass your details to the specialist if you ask us to. See our privacy notice.
Questions people ask
How much money do I need to buy a first home in Monifieth?
Do first time buyers pay LBTT in Monifieth?
What is the biggest hidden cost?
How do I check broadband speed at a property in Monifieth?
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