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Dundee

Dundee posted a 2.8% rise as at Q3 2016 with averages now at £590 per month and with strong growth recorded for 1 bed properties at 7.2%.

Market Overview - Q3 2016

Beds	Average Rent	Rent Change 1yr	Rent Change 3yrs	Rent Change 5yrs	Av. TTL (days)	TTL Change YoY	Let within a week	Let within a month
1 bed	£415	7.2%	8.4%	6.1%	51	6	10%	39%
2 bed	£566	2.4%	3.7%	4.0%	52	2	10%	38%
3 bed	£730	0.3%	4.6%	10.6%	53	0	8%	28%
All	£590	2.8%	6.3%	11.5%	52	2	10%	37%

Average Rent (pcm) by Number of Bedrooms

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Average Time To Let (TTL) by Number of Bedrooms

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Rental Index (base Q1 2010)

Year	Q1	Q2	Q3	Q4
2010	100.0	94.3	94.3	93.4
2011	102.8	95.5	91.8	86.1
2012	96.2	93.2	94.6	91.5
2013	99.3	98.1	96.4	91.7
2014	103.3	97.4	98.4	94.6
2015	101.9	103.8	99.7	99.0
2016	107.6	104.0	102.4

Market Composition

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Yield by Popular Postcode (Flats):

Postcode	2017	2018	2019	2020	2021
DD1	7.70%	6.70%	6.70%	6.70%	7.1%
DD2	6.40%	6.60%	6.20%	6.30%	6.3%
DD3	7.80%	7.10%	7.10%	7.30%	7.1%
DD4	8.70%	7.40%	7.20%	7.00%	7.0%
DD5	5.00%	4.50%	4.50%	4.50%	4.5%

Robert Murray - Lickley Proctor Lettings

“Lickley Proctor Lettings have had a busy summer period - hopefully this bodes well for the third quarter. It is noticeable that the upper end of the market has been going extremely well. As always, location and state of modernity of properties play a big part in the 'letability'.”

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Flats to rent in Dundee Houses to rent in Dundee